J&K&L High Court: Maternity Leave is a Constitutional Right and Cannot be Treated as State Charity  ||  P&H High Court: Second Anticipatory Bail Plea is Not Maintainable After Supreme Court Rejection  ||  Bombay High Court: No Prior Sanction is Required to Prosecute Police For Custodial Assault  ||  Allahabad High Court: Strict Proof of Marriage is Unnecessary if Couple Lived as Husband and Wife  ||  Delhi High Court: UP Passport Disputes Cannot be Filed in Delhi Only Because MEA is Based There  ||  Bombay High Court: Revenue Officers Cannot Decide Caste Status to Remove Tribal Land Protections  ||  Calcutta High Court: Punjab National Bank Liable to Compensate Farmers For Crop Insurance Lapse  ||  Calcutta High Court: Joint Settlement of Liquor Licence is Allowed if All Eligible Heirs Consent  ||  Delhi High Court Holds Multiple Sclerosis is a Specified Disability under the RPWD Act  ||  Allahabad High Court: An Alibi Must be Proved at Trial and Cannot be Accepted by the IO Alone    

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