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The Government Telecommunication ... vs Ito Non Corporate Ward 12(3), Chennai on 11 January, 2018
cites
Section 64 in The Multi-State Co-Operative Societies Act, 2002 [Entire Act]
Section 80P in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax, Bombay ... vs Bombay State Co-Operative Bank Ltd. on 23 November, 1967
21) In the case of Commissioner of Income Tax v. Punjab
State Co-operative Bank Ltd.6, while dealing with an
identical issue, the High Court of Punjab and Haryana held
as follows:
The Bihar Finance Act, 2006
Bajaj Tempo Ltd. Bombay vs Commissioner Of Income Tax,Bombay ... on 24 April, 1992
18) We may mention at the outset that there cannot be any
dispute to the proposition that Section 80P of the Act is a
benevolent provision which is enacted by the Parliament in
order to encourage and promote growth of co-operative
sector in the economic life of the country. It was done
pursuant to declared policy of the Government. Therefore,
such a provision has to be read liberally, reasonably and in
favor of the assessee (See - Bajaj Tempo Limited,
Bombay v. Commissioner of Income Tax, Bombay City-III,
Bombay3).
The Co-Operative Societies Act, 1912
Commissioner Of Income Tax,Bombay And ... vs Mahindra And Mahindra Limited & Ors on 2 September, 1983
It is also trite that such a provision has to be
construed as to effectuate the object of the Legislature and
not to defeat it (See - Commissioner of Income Tax,
Bombay & Ors. v. Mahindra and Mahindra Limited &
Ors.4). Therefore, it hardly needs to be emphasized that all
those co-operative societies which fall within the purview of
Section 80P of the Act are entitled to deduction in respect
of any income referred to in sub-section (2) thereof. Clause
The Kerala State Cooperative, ... vs Commissioner Of Income Tax on 13 May, 1998
22) The aforesaid judgment of the High Court correctly
analyses the provisions of Section 80P of the Act and it is
in tune with the judgment of this Court in Kerala State
Cooperative Marketing Federation Limited (supra).
Sikar Sahakari Bhoomi Vikas Bank Ltd., ... vs Ito, Sikar on 29 August, 2017
Considering the view taken by Hon'ble Apex Court on the extent of
applicability Sec. 80P(2)(a)(i) of the Act, on a Co-operative Society
providing credit facilities to its members, the decision of Jaipur Bench
of the Tribunal in the case of Jalwar Sahkari Bhoomi Vikas Bank Ltd
(supra) relied on by the ld. Authorised Representative, in my opinion
pales into insignificance.