Supreme Court of India
The Mavilayi Service Cooperative Bank Ltd. & Ors. v. Commissioner of Income Tax, Calicut & Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that the society engaged in the marketing of 109 agricultural produce of its members would mean not only such societies which deal with the produce raised by the members who are individuals or societies which are members thereof who may have purchased such goods from the agriculturists.
Judgment, page 31
From the headnote
Income Tax Act, 1961: s.80P(2) – Deduction for Cooperative Societies – Assessees registered as ‘Primary Agriculture Credit Societies’ under Kerala Cooperative Societies Act, 1969 – They are stated to be providing credit facilities to their members for agricultural and allied purposes – Claim for deduction under s.80P(2)(a) – Whether assessees are entitled to such deductions after introduction of s.80P(4) by s.19 of Finance Act, 2006 w.e.f.…
Authorities it was built on
- 1981 K.P. Varghese v. The Income-tax Officer, Ernakulam, and Another
- 1988 Hindustan Thompson Associates Ltd. v. Mrs. Maya Inderson Israni & Ors.
- 1967 The State of Orissa v. Sudhansu Sekhar Misra Ano Ors.
- 1979 Dalbir Singh & Ors. v. State of Punjab
- 1996 J.K. Industries Ltd. Etc. Etc. v. The Chief Inspector of Factories and Boilers and Ors. Etc. Etc.
- 1967 B. Shama Rao v. The Union Territory of Pondicherry
- 2015 Union of India & Ors. v. Dileep Kumar Singh
- 2005 M/s. Vadilal Chemicals Ltd. v. The State of Andhra Pradesh and Ors.
- 1991 Tribhov and as Haribhai Tamboli v. Gujarat Revenue Tribunal and Ors.
- 1959 The Commissioner of Income-tax, Mysore, Travancore-cochin and Coorg, Bangalore v. The Indo Mercantile Bank, Limiled
- 2008 Commissioner of Income Tax, Madras v. Ponni Sugars & Chemicals Ltd.
- 1998 Kerala State Cooperative Marketing Federation Ltd. and Another v. Commissioner of Income Tax
- 2017 The Citizen Co-operative Society Limited, through its Managing Director, Hyderabad v. Assistant Commissioner of Income Tax, Circle~9(1), Hyderabad
- 1995 Assistant Commissioner of Income Tax v. Ak. Menon and Ors.
- 2009 Udaipur Sahakari Upbhokta Thok Bhandar Ltd. v. Commissioner of Income-tax
Where later benches applied it
Of those, 1 mentioned
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