Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Income from Ancillary Activities to Primary Operations: ITAT upholds Revision Order allowing Alternate Claim of Co-Op Society u/s 80P(2)(e)
Income Tax
The ITAT upheld a revision order allowing a cooperative society's alternate claim under Section 80P(2)(e) for income from ancillary activities. These activities were linked to the society’s primary operations, and the court deemed them eligible for tax deductions. The ruling emphasizes that cooperative societies can benefit from Section 80P deductions for not only core but also incidental operations, expanding their scope of tax relief.
