https://www.taxtmi.com/caselaws?id=769843 A co-operative credit society providing credit facilities to members was treated as eligible for deduction under section 80P(2)(a)(i) because section 80P(4) excludes co-operative banks, not every credit society, and there was no RBI banking licence or banking business on the record. Commission paid to collection agents, including persons covered by section 40A(2)(b), was held not liable to disallowance where the same rate applied to related and unrelated agents and the payments were supported by scheme records and compliance material. Rent from letting out terrace or rooftop space was held assessable as income from house property, since the payment was for use of part of the building and not an independent commercial asset. en-us Tue, 29 Apr 2025 00:00:00 +0530 Thu, 01 May 2025 10:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769843 A co-operative credit society providing credit facilities to members was treated as eligible for deduction under section 80P(2)(a)(i) because section 80P(4) excludes co-operative banks, not every credit society, and there was no RBI banking licence or banking business on the record. Commission paid to collection agents, including persons covered by section 40A(2)(b), was held not liable to disallowance where the same rate applied to related and unrelated agents and the payments were supported by scheme records and compliance material. Rent from letting out terrace or rooftop space was held assessable as income from house property, since the payment was for use of part of the building and not an independent commercial asset. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769843