https://www.taxtmi.com/caselaws?id=754415 A co-operative society was held entitled to section 80P(2)(a)(i) relief on interest from credit facilities extended to members, including nominal and associate members, because member status was recognised under the governing State co-operative law and section 80P(4) did not apply. By contrast, interest on staff loans and income from e-stamping were treated as outside the required statutory nexus and not eligible under that provision. Interest or dividend from investments was left for verification under section 80P(2)(d), with section 80P(4) not barring the claim. Guarantee commission was held not to fall within section 43B, and business loss and income computation were remanded for fresh verification. en-us Mon, 29 Apr 2024 00:00:00 +0530 Mon, 05 Aug 2024 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754415 A co-operative society was held entitled to section 80P(2)(a)(i) relief on interest from credit facilities extended to members, including nominal and associate members, because member status was recognised under the governing State co-operative law and section 80P(4) did not apply. By contrast, interest on staff loans and income from e-stamping were treated as outside the required statutory nexus and not eligible under that provision. Interest or dividend from investments was left for verification under section 80P(2)(d), with section 80P(4) not barring the claim. Guarantee commission was held not to fall within section 43B, and business loss and income computation were remanded for fresh verification. Case-Laws Income Tax Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754415