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Surplus Funds
Interest Income by Cooperative Society on Deposits of Surplus Funds Eligible for Deduction u/ss 80P(2)(a)i) and 80P(2)(d) of Income Tax Act: ITAT [Read Order]
June 13, 2023
Application of Income from Surplus Funds for maintenance of Commercial Property for Charitable Purpose, liable to Exemption u/s 11: ITAT
September 16, 2022
Madras HC directs AO to determine borrowed funds were used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted [Read Judgment]
October 26, 2020
Interest income from Surplus Fund invested in Short Term Deposits and Securities is ‘Other Income’: ITAT [Read Order]
February 15, 2018
Surplus Funds invested with Companies would fall within the meaning of ‘interest’ u/s 2 (7) of the Interest Tax Act; Delhi HC [Read Judgment]
July 23, 2016
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