Gujarat HC Grants Bail to Marriage Bureau Owner, Finds No Link to Alleged ‘Looteri Dulhan’ Gang  ||  Calcutta HC: Minor’s Consent has No Mitigating Effect in POCSO Sexual Assault Cases  ||  Orissa HC Commutes Death Sentence, Says Emotion Cannot Override Established Law  ||  Calcutta HC: Street Vendors Act Protects Lawful Vending, Not Illegal Encroachments  ||  P&H HC: Courts Cannot Reveal Identities of Children in Conflict With Law in Court Records  ||  Bombay HC: Government Cannot Fix ‘Politically Convenient’ Election Dates sets Goa Poll Timeline  ||  SC: Major Port Trusts Liable for Customs Duty on Pilfered Goods under Customs Act  ||  Supreme Court: General Fraud Allegations Cannot Extend Limitation under Section 74 CGST Act  ||  SC: ‘No Coercive Steps’ Order Cannot Restrain Filing of Charge Sheet  ||  Chhattisgarh HC: Maintenance for Autistic Child May Continue Beyond 18 Until Self-Sufficient    

SC: Agricultural Societies Entitled to Deduction Even if They Give Loans for Non-Agricultural Purpose - (13 Jan 2021)

DIRECT TAXATION

Supreme Court has ruled that Cooperative Societies registered as primary agricultural credit societies are entitled to deductions under Section 80P (2) (a) (i) of the Income-Tax Act, 1961 even when they may also be giving loans to their members which are not related to agriculture.

Tags : SC   DEDUCTION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved