Judgement

The ITAT Pune holds that interest and dividend from co-operative society investments can qualify for deduction under Section 80P(2)(d).


ITAT Holds Interest Income from Co-operative Bank Investments Eligible for Deduction Under Section 80P(2)(d)

ITAT Bengaluru remands Gowdalli V.S.S. Bank’s Rs 11.46 lakh Section 80P interest income deduction claim for fresh examination by the Assessing Officer.

Section 80P Claim: ITAT Orders Fresh Review of Rs 11.46 Lakh Interest Income Deduction

ITAT has given the taxpayer another opportunity to explain bank deposits and interest income by remanding the case for a fresh assessment.

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits

Tribunal holds broken-period interest on NCD transfer taxable as interest income, not capital gains.

Singapore Investor Claimed Rs. 6.35 Crore Non-Convertible Debentures Gain as Tax-Free Capital Gain; ITAT Holds Broken-Period Interest Taxable as Interest Income

Articles

Taxpayers holding RBI Floating Rate Savings Bonds have been advised to carefully verify the interest income reflected in their AIS before filing ITR for Assessment Year 2026-27.

RBI Floating Rate Bond Interest Showing Only Half in AIS; Verify Income Before Filing ITR 2026

ITAT allows Section 80P deduction to a co-operative society on interest income from co-operative bank deposits.

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ITAT Holds Interest Income from Co-operative Bank Investments Eligible for Deduction Under Section 80P(2)(d)

Section 80P Claim: ITAT Orders Fresh Review of Rs 11.46 Lakh Interest Income Deduction

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits

Singapore Investor Claimed Rs. 6.35 Crore Non-Convertible Debentures Gain as Tax-Free Capital Gain; ITAT Holds Broken-Period Interest Taxable as Interest Income

RBI Floating Rate Bond Interest Showing Only Half in AIS; Verify Income Before Filing ITR 2026

ITAT Grants Section 80P Tax Relief to Co-operative Society