Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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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