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1 - 10 of 18 (0.74 seconds)The Banking Regulation Act, 1949
The Mavilayi Service Cooperative Bank ... vs Commissioner Of Income Tax Calicut on 16 September, 2019
The Assessing Officer shall
examine the activities of the assessee-society by following the
dictum laid down by the Full Bench of the Hon'ble
jurisdictional High Court in the case of The Mavilayi Service
Co-operative Bank Ltd. v. CIT (supra) and shall take a decision
in accordance with law. Needless to state, the assessee shall
co-operate with the A.O. and shall furnish the necessary
14 ITA No.160/Coch/2020
M/s.Meloor SCB Ltd.
The Chirakkal Service Co-Operative ... vs The Commissioner Of Income Tax on 28 February, 2013
statement in the assessment order that there have been
disbursement of loans to non-members as well. At the time of
assessment, the judgment of the Hon'ble jurisdictional High
Court in the case of Chirakkal Service Cooperative Bank Ltd.
(supra) was ruling the roost and the certificate issued by the
Registrar of Co-operative Society terming the assessee as a
primary agricultural credit society would be sufficient for
grant of deduction u/s 80P of the I.T.Act.
Muhammed Usman vs Registrar Of Co-Operative Societies on 29 November, 2002
that section 80P refers only to BR Act, 1949 for definitions of
cooperative bank ad primary agricultural credit society,
wherein BR Act provides certain qualifications for a
cooperative society to become primary agricultural credit
society which includes transactions with members only for
agricultural activities and non-admission of any other
cooperative society as a member (Reference is also drawn to
Hon'ble Kerala HC decision in case of Muhammed Usman vs
Registrar of Cooperative ... on 29 November, 2002 (AIR 2003
Ker 2009, 2003 116 CampCas 505 Ker, 2002 (1) KLT 69).
Kerala Cooperative Societies Act, 1969
The Income Tax Act, 1961
Catholic Syrian Bank Ltd vs Commissioner Of Income Tax, Thrissur on 17 February, 2012
However, the Full Bench of the Hon'ble Kerala High Court in
the case of The Mavilayi Service Co-operative Bank Ltd. v. CIT
(supra) had reversed the above findings of the Hon'ble Kerala
High Court in the case of Chirakkal Service Co-operative Co-
operative Bank Ltd. v. CIT (supra).
Section 10 in The Banking Regulation Act, 1949 [Entire Act]
Commissioner Of Income Tax, Belgaum vs Biluru Gurubasawa Pattina Sahakari ... on 6 July, 2015
(c) High Court of Karnataka - Income Tax Officer Vs Sri
Biluru Gurubasava Pattina Sahakari Sangha Niyamitha
Bagalkot on 5th Feb 2014