Totgars cooperative sale society

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August undefined, 2024

WebMar 22, 2024 · ITO cannot be blindly applied to all the co-operative society. There are various cases wherein the deduction u/s 80P is denied to the credit co-operative society following the judgment of the Supreme Court in the case of Totagars Cooperative Vs. ITO. … WebMar 11, 2024 · Totgars’ Cooperative Sale Society Ltd., Sirsi, is the registered proprietor of the GI. The Registrar of Geographical Indications, under the Union government, Chennai issued the certificate to ...

M/S The Totgar

WebDec 4, 2024 · And the services provided are tightly coupled with members’ patronage, defined as the value of crops sold by them at TSS sale yard. TSS has been consistently registering profits. Its profits for the years 2016-17, 2024-18 and 2024-19 were Rs. 2.03 … Websame. TSS became one of the prominent societies during the chairmanship of Shripad Hegde Kadave, who navigated the organisation for 15 years, from 1960-1975. TSS is now guided by Shantarm V Hegde, who has been awarded the Sahakari Ratna in 2004 by the … iom exposure monitoring

K.441 Brammadesam Primary Agricultural Co-operative Credit Society …

Webthe Hon’ble Karnataka High Court in the case of PCIT Vs. Totgars Cooperative Sale Society Ltd., 395 ITR 611 (Karn.). We have carefully gone through the said judgment. The facts of the case before the Hon’ble Karnataka High Court was that the Hon’ble Court was considering a case relating to Assessment Years 2007-08 to 2011-12. WebIndustry: Agriculture sector. Totgars' Co-operative Sale Society (TSS) is an arecanut marketing co-operative headquartered at Sirsi in Uttara Kannada (UK) district of Karnataka, India. As on March 31, 2024, it had more than 30,000 members (including both primary … WebMar 10, 2024 · 9. The Hon’ble Supreme Court in the case of the The Totgars Cooperative Sale Society Ltd. Vs. ITO 322 ITR 283 (SC) held that Income from utilisation of surplus funds was taxable under the head income from other sources, and therefore not eligible for deduction u/s 80P. The Hon’ble Karnataka High Court in case of Tumkur Merchants … ontario airport terminals map

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WebFeb 6, 2024 · Incidentally, Pingara FPO was inspired by the Doti training workshops organised by Tyagli Gramagala Seva Sahkari Sangha Limited, Yaddali Society, Totgars’ Cooperative Sale Society in Uttara ... WebFeb 17, 2024 · The Supreme Court judgement in Totgars Cooperative Sale Society Ltd., not applicable to our society as the above society is a sale society and ours is Primary Agricultural Cooperative Credit Society. The former is dealing sale of goods and ours is dealing in credit facility extended to the members. ontario airport to lasWebMar 25, 2015 · Totgars Co-Operative Sale Society Ltd. v/s Income-tax officer, Ward -1, Sirsi IT Appeal Nos. 1568 to 1575 of 2005 Decided On, 25 March 2015. ... 2.The appellant is a Co-operative Society in the business of marketing agricultural produce and provide credit facilities to its members. ontario airport to corona

"WebDec 27, 2024 · Despite a few contrary rulings by the Karnataka High Court and Delhi High Court, there are various tribunal which has distinguished the SC judgement in the case of Totgars Cooperative Sale Society Ltd and allowed deduction u/s. 80P(2)(a)(i) & 80P(2)(d) in respect of interest income on its investment. Here is one more judgement by ITAT Pune. " - Totgars cooperative sale society

Totgars cooperative sale society

IN THE INCOME TAX APPELLATE TRIBUNAL “SMC - A” BENCH : …

WebMar 13, 2024 · Totgars’ Cooperative Sale Society Ltd., Sirsi, is the registered proprietor of the GI. The arecanut grown in these taluks have unique features like a round and flattened coin shape, particular texture, size, cross-sectional views, taste, etc. These features are not seen in arecanut grown in any other regions. Distinct Features WebThe Totgars Co-operative Sale Society Limited (TSS) is an areca nut trading society in Karnataka started at Sirsi, Uttara Kannada with rich business vintage of more than a century. TSS embarked its journey with 28 members in 1913, but registered in 1923 as society with …

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WebJun 16, 2024 · The ratio decidendi of the Supreme Court decision in the case of assessee, Totagar's Co-operative Sale Society Limited itself, was that such interest income earned by the assessee was not the income from the business as a Co-operative Society, but was income from other sources taxable under Section 56 of the Act, whereas Section … WebMar 15, 2024 · No.2239 & 22240 and 556 & 557/M/16 7 Totgars, the Honble Supreme Court had not spelt out anything with regard to operational funds in the hands of pure Co-operative Credit Societies and the ratio was applicable to co-operative sale societies only. 6.4 The assessee in Totgars case carried on two activities, namely, (i) acceptance of …

WebOct 28, 2014 · Totgars Co-operative Sale Society Ltd., on which reliance is placed, the Supreme Court was dealing with a case where the assessee-Cooperative Society, apart from providing credit facilities to the members, was also in the business of marketing of agricultural produce grown by its members. The Totgars' Cooperative Sale Society Limited is a farmer's co-operative founded in 1923. It is located in Sirsi taluka of Uttara Kannada district of Karnataka an Indian state. The society had 23,000 members as mentioned in an end of 2016 news story. It is the second oldest betel nut cooperative in Karnataka. See more The word totgar means orcharder in Kannada. See more Amongst the following are the activities of the society: • Commission agent at Sirsi betel trading yard Sirsi with the … See more The society started as "Sirsi Totgar's Co-operative Purchase-Distributive Credit Society Limited" in 1923. In 1929 it became "The Totgars' Co-operative Sale Society Limited. See more

WebRegistered in 2015,India THE TOTGARS' CO-OPERATIVE SALE SOCIETY LTD. has gained immense expertise in supplying & trading of Sweet supari, betel nutSweet supari, betel nut etc. The supplier company is located in Sirsi, Karnataka and is one of the leading sellers of … WebMay 25, 2024 · However, the CIT(A) confirmed the addition of Rs.16,99,709/- and denied the claim of deduction u/s.80P(2)(a)(i) of the Act to the assessee relying on the judgment of Honble Supreme Court in the case of Totgars Cooperative Sale Society Ltd. Vs. ITO [2024] 322 ITR 283 and the judgment of Honble Delhi High Court in the case of Mantola Co …

WebThe Totagars'Co-Operative Sale Society , Sirsi , Uttar Kannada, Karnataka. Login . Log in. Remember Me. Forgot Username or Password? 08384-236371; ... Best Marketing Society 2005 Best Co-Operative Society 2007 Best Marketing Society By KDCC BANK. An ISO …

WebJan 11, 2024 · The judgment of the Hon’ble Apex Court in the case of M/s Totgars Cooperative Sales Society Ltd. (supra) relied by the CIT(A) is distinguishable on facts. The Hon’ble Apex Court in the case of M/s Totgars Cooperative Sales Society Ltd (supra) was dealing with the case where the assessee apart from providing credit facilities to its … ontario airport to hemetWebFeb 11, 2010 · The Totgars’ Cooperative vs. ITO (Supreme Court) Interest on surplus funds is “other income” and not eligible for dedn u/s 80P. The assessee, a co-op credit society, was engaged in providing credit facilities to its members and also marketing the agricultural … ontario airport to honoluluWebJan 28, 2024 · Totgars' Co-operative Sale Society (TSS) is an arecanut marketing co-operative headquartered at Sirsi in Uttara Kannada (UK) district of Karnataka, India. As on March 31, 2024, it had more than 30,000 members (including both primary agricultural co … iom farm buy and sellWebOct 5, 2024 · This house/single family home located at 6504 Fawn Creek Road, Lone Butte is currently for sale and has been available on Zolo.ca for 127 days. This property is listed at $899,900 with an estimated mortgage of $3,312* per month. It has 4 beds, 2 bathrooms, … ontario airport to hemet caWebAug 27, 2014 · The aforesaid wide meaning, as suggested, would also be contrary to the dicta and the ratio of the decision in Totgars' Cooperative Sale Society Ltd. (supra). 10. As far as principle of mutuality is concerned, this would not have any application in view of sub-section (24), sub-clause (viia) to Section 2 of the Act. ontario airport to long beach caWebCo-operative Sale Society Ltd., (2024) 83 Taxmann 140 (Karnataka). The alternative claim of the assessee for deduction under section 80P(2)(d) of the Act was also rejected by the AO by relying on the decision of the Hon’ble Karnataka High Court in the case of Totgars Co … iom family courtWebR The Totagars Co-Operative Sale Society, ... BETWEEN: M/S THE TOTGARS CO-OPERATIVE SALE SOCIETY, REP. BY ITS GENERAL MANAGER SRI.RAVEESH ACHUT HEGDE, TSS BUILDING, NEW MARKET YARD, SIRSI 581402. ... APPELLANT (By Sri. ... of Section 80P … iom family notices