THE TIARA CO-OPERATIVE AGRICULTURAL SERVICE SOCIETY LIMITED,KANGRA vs. ITO, DHARAMASHALA

In the result, all the appeals of the assessee are partly

Bench: Ms.Diva Singh & Ms.Annapurna Gupta

gains of business attributable to any one or more of such activities” 10. As is evident from a bare perusal of the above section, income earned by cooperative societies carrying on business of banking or providing credit facilities to its members is entitled to claim deduction under the said section, of income earned from carrying on the aforesaid business activities

THE PUNJAB STATE FEDERATION OF COOPERATIVE HOUSE BUILDING SOCIETIES LTD.,CHANDIGARH vs. ACIT, CHANDIGARH

In the result, both the above appeals of the Assessee are dismissed