Supreme Court · 1988 INSC 149 · Decided 6 May 1988
Commissioner of Income Tax, U.P.-II, Lucknow v. Bazpur Co-Operative Sugar Factory LTD., Bazpur, District NAINITAL.
- Court
- Supreme Court of India
- Citation
- 1988 INSC 149 · [1988] 3 S.C.R. 1034
- Case number
- CIVIL APPEAL No. 563/1975
- Decided
- 6 May 1988
- Bench
- R.S. PATHAK, M.H. KANIA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
OF INCOME TAX, U.P.-II, LUCKNOW v. BAZPUR CO-OPERATIVE SUGAR FACTORY LTD., BAZPUR, DISTRICT NAINITAL. MAY 6, 1988 [R.S. PATHAK, C.J. AND M.H. KANIA, J.] Whether a Co-operative Society registered under Co-operative Societies Act, 1912 has power to amend its bye-laws with retrospective 50 of the Society were in the nature of permanent liabilities and were capital receipts not liable to be included in taxable income of assessee-Society or whether the deductions were revenue receipts liable to tax. D Civil Appeal No. 563 of 1975 filed in the Court was directed against the
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