Cooperative Credit Society Eligible for Income Tax Exemption u/s 80(P)(2) of Income Tax Act: Supreme Court [Read Order]

By Kalyani B. Nair - On May 3, 2023 1:13 pm - 2 mins read
Cooperative - Credit - Society - Income - Tax - Exemption - Income - Tax - Act - Supreme - Court - TAXSCAN

In a major decision the Supreme Court of India ruled that the cooperative credit society is eligible for income tax exemption under Section 80(P)(2) of Income Tax Act, 1961. Feeling aggrieved and dissatisfied with the impugned passed by the High Court of Judicature at Bombay in ITA No.933/2017, by which the High Court has dismissed…

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