Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
Deduction u/s 80P(2)(a) is allowed for a cooperative society earning interest and dividend income from deposits with a Delhi State Cooperative Bank registered under the Cooperative Societies Act. The assessee is entitled to deduction u/s 80P(2)(d) as the Cooperative Bank is a society, following the Mantola Cooperative Thrift & Credit Society case. The Totgar's Cooperative Sale Society case is distinguishable as surplus funds were deposited with commercial banks, not cooperative societies. The assessee is eligible for deduction u/s 80P(2)(d).
Deduction u/s 80P(2)(a) is allowed for a cooperative society earning interest and dividend income from deposits with a Delhi State Cooperative Bank registered under the Cooperative Societies Act. The assessee is entitled to deduction u/s 80P(2)(d) as the Cooperative Bank is a society, following the Mantola Cooperative Thrift & Credit Society case. The Totgar's Cooperative Sale Society case is distinguishable as surplus funds were deposited with commercial banks, not cooperative societies. The assessee is eligible for deduction u/s 80P(2)(d).
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