Judgement

ITAT grants Section 80P(2)(d) deduction following Gujarat High Court ruling on co-operative banks.

ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks

The ITAT Pune holds that interest earned by a credit co-operative society on statutory deposits maintained with co-operative banks qualifies for deduction under Sections 80P(2)(a)(i) and 80P(2)(d). 


ITAT Holds Interest on Statutory Deposits with Co-operative Banks is Eligible for Deduction under Section 80P 

The ITAT Pune holds that interest earned from deposits with nationalised, scheduled and co-operative banks is eligible for deduction under Section 80P(2)(a)(i) 


ITAT Allows Section 80P Deduction on Interest Earned from Bank Deposits by Co-operative Credit Society

ITAT rules CPC cannot disallow Section 80P deduction through summary processing or rectification.

ITAT Allows Section 80P Deduction on Interest From Co-operative Banks.

ITAT Allows Section 80P Deduction on Interest From Co-operative Banks

The ITAT allows Section 80P deduction on interest earned from deposits with cooperative banks by cooperative societies.

ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks by Sugar Federation.

ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks by Sugar Federation

Notifications

The Reserve Bank of India has granted scheduled bank status to four co-operative banks by including them in the Second Schedule of the RBI Act, 1934.

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ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks

ITAT Holds Interest on Statutory Deposits with Co-operative Banks is Eligible for Deduction under Section 80P

ITAT Allows Section 80P Deduction on Interest Earned from Bank Deposits by Co-operative Credit Society

ITAT Allows Section 80P Deduction on Interest From Co-operative Banks

ITAT Allows Section 80P Deduction on Interest Earned from Co-operative Banks by Sugar Federation

RBI Adds Four Co-operative Banks to Second Schedule Under RBI Act, 1934