Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Deduction of interest income from co-operative banks under section 80P(2)(d) was allowed to a co-operative housing society. The Tribunal followed its decisions in the society's own earlier assessment years because no distinguishing facts for the relevant year were identified. The Assessing Officer was directed to grant the claimed deduction on interest earned from co-operative banks.
Deduction of interest income from co-operative banks under section 80P(2)(d) was allowed to a co-operative housing society. The Tribunal followed its decisions in the society's own earlier assessment years because no distinguishing facts for the relevant year were identified. The Assessing Officer was directed to grant the claimed deduction on interest earned from co-operative banks.
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