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2016 (12) TMI 115 - MADRAS HIGH COURTEligibility for the benefit of section 80P(2)(a)(i) - interest received from members - Assessee is a Co-operative Marketing Society - whether the Tribunal was right holding that the assessee society engaged in selling of agricultural produce of the members is eligible for the benefit of section 80P(2)(a)(i)? - Held that:- view of our concurrence that the Assessee is a mere Co-operative Credit Society but not a Co-operative Bank, we are of the view that the order passed by the Assessing Officer as well as the Appellate Authority and the conclusion arrived at by the Tribunal are not erroneous and hence there is no merit in these appeals and accordingly the appeal stands rejected - Decided against revenue
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