Calcutta High Court: ECI Not Singling Out Bengal, More Transfers in Other Poll-Bound States  ||  Delhi High Court: Driving Licence Not Fake Solely For Not Being Converted Into a Smart Card  ||  Delhi High Court: Writ Petition Not Maintainable Before Final Order in Court Martial Proceedings  ||  J&K High Court Grants Relief to Lawyers Accused of Assault at Srinagar District Court Premises  ||  Delhi HC Imposes ?5 Lakh Fine on Rakshit Shetty For Unauthorised Song Use in Bachelor Party Film  ||  Delhi High Court Grants Huawei Partial Relief in Ongoing Income Tax Proceedings  ||  Delhi HC Upholds Bidder Disqualification in Sri Lanka Consular Services Tender For Lack of Experience  ||  Kerala High Court Sets Aside Order Transferring School Playground, Citing Inadequate Consideration  ||  Delhi High Court Directs Removal of Unauthorised Vendors, Declares Nehru Place a No-Vending Zone  ||  Kerala High Court: SHO Cannot Order Surrender of Firearms over Phone Calls Before Elections    

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