Supreme Court · 2021 INSC 17 · Decided 12 January 2021
The Mavilayi Service Cooperative Bank LTD. & ORS. v. Commissioner of Income Tax, Calicut & ANR.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 17 · [2021] 1 S.C.R. 78
- Case number
- CIVIL APPEAL No. 7343/2019
- Decided
- 12 January 2021
- Bench
- R.F. NARIMAN, NAVIN SINHA, K.M. JOSEPH (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80P(2)
Headnote
Income Tax Act, 1961: s.80P(2) - Deduction for Cooperative Societies - Assessees registered as 'Primary Agriculture Credit Societies' under Kerala Cooperative Societies Act, 1969 - They are stated to facilities to their members for agricultural and allied purposes - Claim for deduction under s.80P(2)(a) - Whether assessees are entitled to such deductions after introduction of s.80P(4) by s.19 of Finance Act, 2006 w.e.f. 1.4.2007 - Held: Assessees are entitled to benefit of
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)