2016 (8) TMI 1414 - SCH - Income Tax

Entitlement for exemption in terms of Section 80P(2)(a)(i) - whether assessee are not a Co-operative Banks but a Co-operative Societies? - as per HC merely giving credit facilities to the members would not be a Co-operative Bank but continued to be a Co-operative Society and as there is no material on record that the respondents were giving any such credit facilities to the non members - Held that - Delay condoned. Leave granted.

Summary

The Supreme Court of India in 2016 (8) TMI 1414 - SC Order, with reference ID 696084, granted leave for the petitioner to be heard along with Civil Appeal No. 8297 of 2015. Delay was condoned. The judges were Mr. A.K. Sikri and Mr. N.V. Ramana. Counsels for the petitioner included Mr. N.K. Kaul, Mr. B. Ragunath, Ms. Bhuvana Mishra, and Mrs. Anil Katiyar.