Supreme Court · 1993 INSC 256 · Decided 5 August 1993
Sabarkantha Zilla Kharid V. Sangh LTD v. Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 1993 INSC 256 · [1993] SUPP. 1 S.C.R. 484
- Case number
- ARBITRATION PETITION No. 793/1977
- Decided
- 5 August 1993
- Bench
- B.P. JEEVAN REDDY, N. VENKATACHALA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Arbitration
- Acts & sections cited
- Income Tax Act Section 81(i)(d), 66, 8l(i)(d), 110
Headnote
ZILLA KHARID V. SANGH LTD I'. COMMISSIONER OF INCOME TAX AUGUST 5. 1993 [B.P . .JEEVAN REDDY AND N.VENKATACHALA, J.J.] Income Tax Act, I96I : Sections 66, SI(i)(d), !10-lncome of Co­ operative Societies--Total inco111e including inconie on tvhich no tax is payable-De1e1111i11atio11 of tax on its profits and gains of its business'-Held, co-operative society becomes enticled to deduction or exemption from Income tax payable by it on its net anzount of profits and gains, i.e., on inco111e of its business othcnvise con1- putable for pwpose of charging Income Tax thereon and
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)