Section 80P in The Income Tax Act, 1961 [Entire Act]
80P in The Income Tax Act, 1961
80P. [ Deduction in respect of income of co-operative societies. [Inserted by Act 20 of 1967, Section
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1 - 10 of 7072 (1.84 seconds)M/S Tumkur Merchants Souharda Credit ... vs Assessee on 19 February, 2014
assessee society came within the Explanation to sub-
section (4) of section 80P of the Act as a banking
institution.
5. In the light ... deduction u/s
80-P(2)(a)(i) of the Act for the reason of introduction of sub
section 4 to section 80P. Section 80P
The Pr. Commissioner Of Income Tax, vs The Totagars Co-Operative Sale ... on 16 June, 2017
Operative Sale Society, Sirsi.
Clauses (a) to (f) of Sub-section (2) of Section 80P of the Act,
are its business income earned from ... purpose of bringing on the statute book sub-section
(4) in Section 80P of the Act was to exclude the applicability of
Section 80P
National Agricultural Co-Operative ... vs Union Of India & Ors on 25 March, 2003
Finance Act ( No. II ) 1967, Section 81 was omitted
and its provisions re-enacted as Section 80P of the 1961 Act.
The relevant extract ... Section 80P is :
80-P (1) Where, in the case of an assessee
being a co-operative society, the gross total
income includes any income
Section 115JC in The Income Tax Act, 1961 [Entire Act]
than a company. [Substituted by Act No. 23 of 2012, section 50, for section 115JC (w.e.f. 1-4-2013).]
(1) Notwithstanding anything contained ... increased by - (i) deductions claimed, if any, under any section (other than section 80P) included in Chapter VIA under the heading "C. - Deductions in respect
The Mavilayi Service Cooperative Bank ... vs Commissioner Of Income Tax Calicut on 12 January, 2021
light of the provisions under sub-section (4) of
section 80P .
34. In Chirakkal [384 ITR 490] the Division Bench held that
the appellant societies ... such, they are entitled for the benefit
of sub-section (4) of section 80P of the IT Act to ease
themselves out from the coverage
The Chirakkal Service Co-Operative ... vs The Commissioner Of Income Tax on 28 February, 2013
virtue of section 80 ((1), subject
only to the permissible deductions under sub-
section 2 of section 80P . The findings of the
Tribunal are sought ... sums specified in sub- section 2 thereof,
in computing the total income of the assessee.
Sub- section 4 of section 80P provides that the
provisions
Commissioner Of Income Tax vs Jafari Momin Vikas Co-Op Credit Society ... on 15 January, 2014
well known under sub-section(1) of section 80P certain
co-operative societies are granted deductions of the
sum specified in sub-section ... Revenue, however, contends that by virtue of newly
amended sub-section(4) of section 80P inserted with
effect from 1.4.2007 by Finance Act, 2006 , section
U.P. Co-Operative Cane Union ... vs Commissioner Of Income-Tax on 30 January, 1997
mentioned that in Clause (b) of Sub-section (2) of Section 80P, reference has been made to primary society as well as federated co-operative ... What has been said about the intention behind Section 81(i)(c) (now Section 80P(2)(a)(iii)) is also applicable to Section 80P
Section 30 in The Finance Act, 2018 [Entire Act]
Section 30 in The Finance Act, 2018
30. Insertion of new section 80PA.
- After section 80P of the Income-tax Act, the following section shall