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 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

M/s. The Veer Cooperative Group Housing Society Limited, Plot No.28, Sector-13, Rohini, New Delhi-110085. vs. The Income Tax Officer, Ward-39(4), New Delhi.
September, 04th 2018

Subject: Cooperative Group Housing Building Society registered under Cooperative Societies Act,

Referred Sections:
Section 80P(2)(d) of the I.T. Act.
section 80P(2)(c)(ii) of the I.T. Act.
Section 2(19) of the Act,
Section 2(19)
section 263 of the I.T. Act
Section 194A(3)(v) of the Act,

Referred Cases / Judgments
Bangalore Club vs. CIT (2013) 212 Taxman 566
Pr. CIT vs. Totagars Cooperative Sale Society (2017) 392 ITR 74
Mumbai vs. M/s. Abhaylaxmi Co-op. Society Ltd., in ITA.No.1525/ Mum/2017
CIT vs. Totagars Cooperative Sale Society
ACIT vs. Jawala Cooperative Urban Thrift
Niyamitha vs. CIT ITA.No.609 & 610/Bang/2014,
CIT, Central-1 vs.M/s. Pruthvi Brokers & Shareholders Private Limited (2011) 349 ITR 336 (Bom.)
Goetze (India) Ltd., vs. CIT (2006) 284 ITR 323 (SC)
Society Limited vs., income Tax Officer. Karnataka, [2010] 322 ITR 283 (SC)
Co-operative Sale Society Ltd. Vs. Income Tax Officer
Mumbai vs., M/s. Abhaylaxmi Co-op.Credit Society Ltd.
Merwanjee Cama Park Co-op Housing society Ltd. vs.,Income Tax Officer- Range, Mumbai, ITA No.6139/Mum/2014, dt. 27.09.2017
New Delhi vs. Jawala Cooperative Urban Thrift & Credit Society Ltd., New Delhi, ITA No. 2607/Del/2012, dt. 19.12.2014
Menasi Seemeya Group Gramagala Seva Sahakari Sanga Niyamitha vs., CIT, ITA No. 609 and 610/Bang/2014, dt. 06.02.2015
CIT vs. Totagars Cooperative Sale Society
Mumbai vs., M/s. Abhaylaxmi Co-op.
New Delhi vs. Jawala Cooperative Urban Thrift
Seva Sahakari Sanga Niyamitha vs., CIT
CIT vs. Jai Parabolic Springs Ltd., 306 ITR 42 (Del.)
CIT v. Totagars Cooperative Sale Society,
CIT v. Totagars Cooperative Sale Society

 

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