Search Results Page
Search Results
1 - 10 of 24 (0.25 seconds)
Deputy Commissioner Of Income Tax ... vs Janata Grahak Madhyawarti Sahkari ... on 18 February, 2025
cites
The Co-Operative Societies Act, 1912
Section 80P in The Income Tax Act, 1961 [Entire Act]
M/S The Totgars Co-Operative Sale ... vs The Income Tax Officer on 30 September, 2008
In our considered view, the case of
Totagars Co-operative Sale Society Ltd. (supra) is distinguishable on facts and
therefore not be applied in the instant case of the assessee. In that case the
society was also marketing the agricultural produce of its members and hence
was engaged in carrying on the business of marketing agricultural produce of
the members of the assessee. However, in the present case, the interest
income earned by the assessee from deposits made with the Co-operative
Banks form an integral part of its business.