https://www.taxtmi.com/caselaws?id=792712 A co-operative credit society dealing only with members was treated as entitled to deduction under the co-operative income-tax provision because its lending activity fell within member-only credit facilities and the provision was applied liberally in favour of the sector. Related interest income from deposits with banks and co-operative institutions was also treated as attributable to the society's business. Separately, a 126-day delay in filing the first appeal was found bona fide and unintentional, with the departure of the tax representative and time needed to assemble records accepted as sufficient cause; the refusal to condone delay was not sustained. en-us Fri, 29 May 2026 00:00:00 +0530 Mon, 01 Jun 2026 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792712 A co-operative credit society dealing only with members was treated as entitled to deduction under the co-operative income-tax provision because its lending activity fell within member-only credit facilities and the provision was applied liberally in favour of the sector. Related interest income from deposits with banks and co-operative institutions was also treated as attributable to the society's business. Separately, a 126-day delay in filing the first appeal was found bona fide and unintentional, with the departure of the tax representative and time needed to assemble records accepted as sufficient cause; the refusal to condone delay was not sustained. Case-Laws Income Tax Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792712