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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Disallowance of deduction u/s 80P(2)(a)(i) - carrying on ...


Tax Deduction Dispute for Cooperative Society's Banking Services u/s 80P(2)(a)(i) Examined.

February 27, 2015

Case Laws     Income Tax     AT

Disallowance of deduction u/s 80P(2)(a)(i) - carrying on business of banking facilities to its members and to the public - There is no prohibition u/s 80P not to allow deduction to such co-operative societies in respect of business relating to its members - AT

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