Case Law Details
Case Name : Oberoi Spring Co–operative Housing Society Limited Vs ITO (ITAT Mumbai)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Mumbai
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Oberoi Spring Co–operative Housing Society Limited Vs ITO (ITAT Mumbai)
ITAT Mumbai held that deduction under section 80P(2)(d) is allowable on the entire interest income received by the assessee from the Co-operative bank which includes the amount credited to the balance sheet.
Facts- The assessee is a co-operative housing society, a non-profit making entity, formed with the objective of maintaining and protecting building occupied by its members.
The return of income filed by the assessee was selected for scrutiny and statutory notices u/s. 143(2) and section 142(1) along with the question...
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Author Bio
I purchased units under uti mutual fund MEP 1995 in 1995 and redeemed them in Nov 2022. Is the profit earned on redemption totally taxable if so at what rate