Judgement

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

The Income Tax Appellate Tribunal (ITAT) Delhi has ruled in favour of Zila Sahkari Bank Ltd. holding that a clerical error in disclosing depreciation in the Income Tax Return cannot be treated as unexplained investment under Section 69

Cooperative Bank Claimed Rs. 2.22 Crore Dividend Exemption Under Wrong Section; ITAT Allows Deduction Under Section 80P(2)(d)

Articles

One of the key measures announced is that the loans approved by the banks to the NCDC from for on-lending to cooperative societies will now be considered as priority sector lending.

RBI Announces New Steps to Strengthen Cooperative Banks and Boost Credit

RBI Announces New Steps to Support Cooperative Banks' Growth and Development

Apex Court refused to interfere under Article 136 and dismissed the District Cooperative Bank’s SLP challenging the Allahabad High Court’s judgment in a GST dispute.

Supreme Court Refuses to Interfere with Allahabad HC Ruling in District Cooperative Bank’s GST Dispute

The RBI has imposed monetary fines worth Rs. 13 lakh on four urban cooperative banks in Maharashtra recently for various breaches of regulation.

RBI Imposes Penalty of 13 Lakh on Four Cooperative Banks

News

The Reserve Bank of India (RBI) has imposed a total penalty of Rs 60.3 lakh on five cooperative banks for violating various regulatory norms.

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

Cooperative Bank Claimed Rs. 2.22 Crore Dividend Exemption Under Wrong Section; ITAT Allows Deduction Under Section 80P(2)(d)

RBI Announces New Steps to Support Cooperative Banks' Growth and Development

Supreme Court Refuses to Interfere with Allahabad HC Ruling in District Cooperative Bank’s GST Dispute

RBI Imposes Penalty of 13 Lakh on Four Cooperative Banks

RBI imposed Monetary Penalties of Rs.60.3 Lakh on 5 Cooperative Banks; Know Why?