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Supreme Court of India · body

1998 DIGILAW 1415 (SC)

MADRAS AUTORICKSHAW DRIVERS v. COMMISSIONER OF INCOME TAX

1998-12-10

D.P.MOHAPATRA, S.P.BHARUCHA

body1998
ORDER Heard learned counsel for the appellant and read the judgment under appeal. While we sympathise with what the assessee is doing, we do not thin~ that its activity can be said to provide "credit facilities" to its members. Therefore, the High Court has rightly held that the provisions of Section 80-P of the Income Tax Act are not applicable. The appeals are dismissed. No order as to costs.