Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Section 80P deductions for a co-operative credit society are addressed in relation to profits from providing credit facilities to members, interest income attributable to that activity, and any residual deduction where income remains. The notes state that disallowances require recorded reasons and that interest characterised as business income may qualify under section 80P(2)(a)(i), while an alternative claim under section 80P(2)(d) may not arise. Audit-fee provisions require evidence of an accrued, non-contingent liability. Leave-encashment provisions require proof of payment within the prescribed return-filing period. Member deposits require KYC particulars mandated by applicable co-operative law and RBI guidelines; absence of PAN alone is not decisive.
Section 80P deductions for a co-operative credit society are addressed in relation to profits from providing credit facilities to members, interest income attributable to that activity, and any residual deduction where income remains. The notes state that disallowances require recorded reasons and that interest characterised as business income may qualify under section 80P(2)(a)(i), while an alternative claim under section 80P(2)(d) may not arise. Audit-fee provisions require evidence of an accrued, non-contingent liability. Leave-encashment provisions require proof of payment within the prescribed return-filing period. Member deposits require KYC particulars mandated by applicable co-operative law and RBI guidelines; absence of PAN alone is not decisive.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
