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1 - 10 of 51 (1.16 seconds)Section 14A in The Income Tax Act, 1961 [Entire Act]
Section 81 in The Income Tax Act, 1961 [Entire Act]
Section 14 in Income Tax Rules, 1962 [Entire Act]
Section 80P in The Income Tax Act, 1961 [Entire Act]
Section 14A in Income Tax Rules, 1962 [Entire Act]
Section 110 in The Income Tax Act, 1961 [Entire Act]
Section 66 in The Income Tax Act, 1961 [Entire Act]
Section 80B in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax, Lucknow vs U.P. Cooperative Federation Ltd on 10 February, 1989
11. Section 80P(d) of the Income-tax Act, 1961 provides deduction in respect of any income by way of interest or dividends derived by the cooperative society from its investments with any other cooperative society to the extent of whole of such income. It is, therefore, evident that Clause (iii) of Section 14(3) of 1922 Act is pari materia with Clause (d) of Section 80P. Therefore, the decision of the Hon'ble Supreme Court in the case of CIT, Lucknow v. U.P. Co-operative Federation Ltd. (supra), in our view, is applicable to Section 80(2)(d) on all-fours. In the said decision, their Lordships of the Supreme Court explaining the meaning of the word "investments" A.P.r Section 14(3)(iii), held as under