The Bombay High Court ruled that a co-operative housing society's committee becomes invalid if its elected members drop below two-thirds during its term.

The Tribunal held that interest earned by a co-operative housing society from deposits with a co-operative bank is eligible for deduction, as the bank continues to be a co-operative ...

The dispute involved taxing deposits despite a declared loss. The Tribunal held that when accounts show a loss, blanket addition of deposits is ...

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed a co-operative housing society to claim deduction ...

The Sikkim High Court has held that a non-bank co-operative society is entitled to claim deduction under Section 80P(2)(d) of ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The deal will give the building society millions of customers ...