2020 (2) TMI 99 - SCH - Income Tax

Deduction u/s 80P(2)(a)(i) - whether activity of the appellant is that of finance business and cannot be termed as cooperative society? - assessee society is registered under the provisions of the TNCS Act - definition of the word members - HELD THAT - Special leave petition and pending applications are dismissed as withdrawn due to low tax effect leaving question(s) of law open.

Summary

The Supreme Court of India allowed the petitioner to withdraw the special leave petition and pending applications due to low tax effect. The petition and applications were dismissed as withdrawn, leaving questions of law open.