Cooperative society exempt from tax u/s 80P(2)(a)(iii), no ...
Cooperative society tax-exempt, no advance tax payable. Order quashed, waiver of interest granted for 1996-2000 after SC ruling.
Case Laws Income Tax
November 12, 2024
Cooperative society exempt from tax u/s 80P(2)(a)(iii), no obligation to pay advance tax. Order rejecting waiver of interest u/ss 234B and 234C for assessment years 1996-97, 1997-98, and 1998-99 quashed. Society entitled to claim waiver of interest for said period, as Supreme Court judgment relied upon was overruled. Assessee's appeal allowed.
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