Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Co operative society income exemptions clarified for specified agricultural, credit and marketing activities, with conditional limits and exclusions. Section 81 previously exempted certain categories of income of co-operative societies from income-tax by listing specified exempt business activities-banking/credit to members, cottage industry, marketing of members' agricultural produce, supply of agricultural inputs to members, non power processing of members' produce, and primary milk supply to federal co operatives-and by exempting specified investment income and income from letting of storage facilities, subject to provisos limiting exemptions where societies undertook other activities and excluding certain society types and insurance business from those exemptions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Co operative society income exemptions clarified for specified agricultural, credit and marketing activities, with conditional limits and exclusions.
Section 81 previously exempted certain categories of income of co-operative societies from income-tax by listing specified exempt business activities-banking/credit to members, cottage industry, marketing of members' agricultural produce, supply of agricultural inputs to members, non power processing of members' produce, and primary milk supply to federal co operatives-and by exempting specified investment income and income from letting of storage facilities, subject to provisos limiting exemptions where societies undertook other activities and excluding certain society types and insurance business from those exemptions.
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