Inclusion of co-operative societies expands deduction eligibility under amended income-tax provision for companies and co-ops. The amendment inserts 'or a co-operative society' after 'Where any company' in clause (a) of sub section (1) of section 35C and substitutes every occurrence of 'the company' with 'the company or co-operative society', thereby extending the provision's terminology and operative scope to include co-operative societies alongside companies.
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.
Inclusion of co-operative societies expands deduction eligibility under amended income-tax provision for companies and co-ops.
The amendment inserts "or a co-operative society" after "Where any company" in clause (a) of sub section (1) of section 35C and substitutes every occurrence of "the company" with "the company or co-operative society", thereby extending the provision's terminology and operative scope to include co-operative societies alongside companies.
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