Tax Guru

CPC Cannot Change AOP Status to Co-operative Society in ITR Processing: ITAT Ahmedabad

ITAT Ahmedabad held that CPC cannot suo motu reclassify an apartment owners association as a co-operative society while processing returns under Section 143(1). The Tribunal deleted the Rs. 97,690 ...
Indiatimes

One-third of members can move no-confidence motion in co-operative society without explanation, Karnataka HC rules

If a minimum of 1/3rd of the members of co-operative society move a no-confidence motion, they need not assign any reason for the same, the Dharwad bench of the high court has held in a recent ...
Tax Guru

Interest on Bank Deposits Can Still Qualify for 80P Deduction- Bangalore ITAT Gives Relief to Credit Co-operative Society

The Tribunal held that interest income earned from mandatory reserve fund deposits and co-operative bank accounts qualifies for deduction under Section 80P. It observed that temporarily parking ...
BBC

The co-operative movement in Wales

Article written by Alun Burge, based on an article in the Welsh History Journal Co-operative societies were set up by local people so that they could guarantee receiving good quality products and ...
Indiatimes

ITAT: Interest from co-operative bank exempt for housing societies in Mumbai

A recent decision by the Income-tax Tribunal (ITAT), Mumbai bench, will bring respite to co-operative housing societies in Mumbai, many of whom had received notices over the past few years as the ...

Pune Housing Society Row: Co-Operative Appellate Court Allows Tuition Classes, Balwadi To Continue; Says Nuisance Must Be Proven

The Maharashtra State Co-operative Appellate Court has set aside an injunction that barred residents of a Pune housing ...
BBC

The co-operative economy in Wales

Article written by Alun Burge, based on an article in the Welsh History Journal From small beginnings, the co-operative movement grew steadily through the first half of the 20th century. In 1890, ...