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2002 (10) TMI 89 - HC - Income TaxCo-operative Society, Special Exemption - " Whether, on the facts and in the circumstances of the case and on a proper interpretation of the objects of the society and the provisions of section 80P of the Income-tax Act, 1961, the Appellate Tribunal was justified in holding that the interest earned by the assessee-co-operative society from its members was covered by the provisions of section 80P(2)(a)(i) of the Income tax Act, 1961, and, therefore, exempt from tax?" – we answer the question referred to us in the affirmative, in favour of the assessee-co-operative society and against the Revenue.
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