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2013 (7) TMI 391 - HC - Income TaxCo- operative societies – whether person u/s 2(31) or not for the purpose of inquiry u/s 142 and power to call for information u/s 133 - Revenue contended that the appellants societies would fall within the four corners of the definition "person" under section 2(31) for the reason that it is an association of persons - Held that:- the appellants are registered under the Co-operative Societies Act the appellants must be treated as bodies corporate, therefore, juristic person capable of exercising all the rights of natural person as provided in the Act – u/s 2(31) a person comprehends juristic entity - It would make them persons - the proceedings are taken admittedly under section 142 – appeal decided against assessee.
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