Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1988 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1988 (6) TMI 39 - HC - Income TaxExtract: .......payment or contribution by the co-operative society in the present case is a diversion of profits at source on account of overriding charge created under the Act which is a statutory obligation on the society. Hence, such payment is liable for deduction. Therefore, we answer the question referred to us in the affirmative and against the Department.
|