https://www.taxtmi.com/caselaws?id=787798 Whether the assessee's commission from collecting public-utility bills qualifies for deduction under the cooperative-society deduction provision was decided by applying the principle that bill-collection and related commission earned for public utilities amount to banking-like activity incidental to the society's main objects; on facts the commission arose from deposits and activities incidental to the society's objects and not from interest on surplus funds with banks, and the Tribunal applied prior Tribunal precedent to allow the deduction. en-us Mon, 09 Mar 2026 00:00:00 +0530 Thu, 12 Mar 2026 08:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787798 Whether the assessee's commission from collecting public-utility bills qualifies for deduction under the cooperative-society deduction provision was decided by applying the principle that bill-collection and related commission earned for public utilities amount to banking-like activity incidental to the society's main objects; on facts the commission arose from deposits and activities incidental to the society's objects and not from interest on surplus funds with banks, and the Tribunal applied prior Tribunal precedent to allow the deduction. Case-Laws Income Tax Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787798