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Deduction U/s. 80P(2)(a) allowable to Co-Op. banks on Commission on collection of electricity bills & prepayment facility: HC
Case Law Details
- Case Name
- The CIT Vs Amravati District Central Cooperative Bank Ltd. (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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Brief of the Case
Bombay High court held In the case of CIT vs. Amravati District Central Cooperative Bank Ltd. that following the judgment of (2003) 264 ITR (38) (Bom.) (CIT vs. Ahmednagar District Central Cooperative Bank Ltd.) , commission earned by the Co-operative banks for collecting the electricity dues from the customers and commission earned for extending prepayment facility to the farmers under a state govt. scheme are qualify for deduction u/s 80P(2)(a).
Facts of the Case
The question issued in this appeal to find out the exact nature of the activity carried out by the assessee. The...
