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

High Court condones return filing delays and protects Section 80P deduction claims of societies.

Madras High Court Condones Delay in ITR Filing by Cooperative Societies, Restores Section 80P Benefit Claims

The HC holds that cooperative societies generally face difficulty in filing returns timely because of the belated approval of statutory audits and the absence of an adequate mechanism.

High Court Grants Section 80P Exemption despite Belated ITR Filing

Press Release

The Ministry of Cooperation recently issued a press release on March 18, 2026, regarding audits of multi-state cooperatives.

Audit Framework and Compliance of Multi-State Cooperative Societies: Government Update

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

The MoU plays an important role in making India's cooperative export system stronger and more competitive.

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

Madras High Court Condones Delay in ITR Filing by Cooperative Societies, Restores Section 80P Benefit Claims

High Court Grants Section 80P Exemption despite Belated ITR Filing

Audit Framework and Compliance of Multi-State Cooperative Societies: Government Update

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

New MoU Signed: NCEL & APEDA to Empower Cooperative Societies for Exports