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...
Cooperative society earned interest and dividend income from investments with cooperative banks and societies, qualifying for deduction u/s 80P(2)(d) to promote cooperative financial activities. Deduction of Rs. 50,000 u/s 80P(2)(c)(ii) allowed as society engaged in activities not specified under 80P(2)(a) or (b). Government grant received under RKVY project for agricultural infrastructure development, credited to joint account with conditions, not taxable income u/s 2(24)(xviii) at time of receipt as per judicial precedents treating restricted grants as capital receipts until utilization. Assessee's appeal allowed by Appellate Tribunal.
Cooperative society earned interest and dividend income from investments with cooperative banks and societies, qualifying for deduction u/s 80P(2)(d) to promote cooperative financial activities. Deduction of Rs. 50,000 u/s 80P(2)(c)(ii) allowed as society engaged in activities not specified under 80P(2)(a) or (b). Government grant received under RKVY project for agricultural infrastructure development, credited to joint account with conditions, not taxable income u/s 2(24)(xviii) at time of receipt as per judicial precedents treating restricted grants as capital receipts until utilization. Assessee's appeal allowed by Appellate Tribunal.
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