https://www.taxtmi.com/caselaws?id=433480 The Tribunal allowed the appeal filed by the cooperative society engaged in banking, granting relief on both the addition related to special reserve u/s 36(1)(viii) and the taxability of the amount transferred to the capital reserve account for the assessment year 2013-14. The appellant was found entitled to the deduction under section 36(1)(viii) for income derived from lending for purchase and construction of houses, and the amount transferred to the capital reserve account was considered as capital receipts not subject to taxation. en-us Mon, 02 Jan 2023 00:00:00 +0530 Tue, 31 Jan 2023 21:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433480 The Tribunal allowed the appeal filed by the cooperative society engaged in banking, granting relief on both the addition related to special reserve u/s 36(1)(viii) and the taxability of the amount transferred to the capital reserve account for the assessment year 2013-14. The appellant was found entitled to the deduction under section 36(1)(viii) for income derived from lending for purchase and construction of houses, and the amount transferred to the capital reserve account was considered as capital receipts not subject to taxation. Case-Laws Income Tax Mon, 02 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433480