PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
The ITAT denied deduction under Sec. 80P(2)(a)(i) to a cooperative society acting as a cooperative bank. However, citing precedents, it allowed deduction for interest income on surplus funds parked as deposits. The ITAT directed the AO to allow the deduction. Regarding paddy procurement business, the ITAT found the restriction of deduction under Sec. 80P(2)(a)(iii) unjustified due to new evidence. The matter was remanded for fresh adjudication based on the extent of facilitation provided to non-members. The ITAT allowed deduction for dividend income on shares of a cooperative bank under Sec. 80P(2)(d), aligning with previous rulings.
The ITAT denied deduction under Sec. 80P(2)(a)(i) to a cooperative society acting as a cooperative bank. However, citing precedents, it allowed deduction for interest income on surplus funds parked as deposits. The ITAT directed the AO to allow the deduction. Regarding paddy procurement business, the ITAT found the restriction of deduction under Sec. 80P(2)(a)(iii) unjustified due to new evidence. The matter was remanded for fresh adjudication based on the extent of facilitation provided to non-members. The ITAT allowed deduction for dividend income on shares of a cooperative bank under Sec. 80P(2)(d), aligning with previous rulings.
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