2021 (12) TMI 565

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....(SR.), SMT.DIVYA RAVINDRAN AND SRI.V.P.NARAYANAN RESPONDENT: SRI.JOSE JOSEPH, SC, FOR INCOME TAX JUDGMENT Bechu Kurian Thomas, J. Appellant is a co-operative society. The questions raised for consideration in this appeal arise from the assessment year 2008-09 and are as follows :- "(a). TDS was not applied on rent payments made totalling Rs. 1,81,247/- and the latter amount ha....

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....06.2011 allowed the appeal after finding that the assessee was a society engaged in the collective disposal of labour of its members, thereby satisfying Section 80P(2)(a) (vi) of the Act. Dissatisfied with the order of the First Appellate Authority, the department preferred a 2nd appeal before the Income Tax Appellate Tribunal, Cochin. After considering the contentions raised, the Tribunal held th....

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....lant eligible for deduction of its income as income exempt from income tax under Section 80P(2)(a) (vi) of the Act. 4. As per Section 80P(2)(a)(vi) of the Act, if the gross total income of a co-operative society engaged in the collective disposal of the labour of its members, includes any income from such collective disposal of the labour of its members, then, while computing the total income o....

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....he remand to the assessing officer was not necessary in the peculiar facts of the case and on the other hand, as a final fact finding authority Tribunal itself could have appreciated the facts by itself. The assessment relates to the assessment year 2008-09 and at this distance of time, it is not in the interests of all to remand it to the assessing officer. In view of the above, we set aside t....