Judgement

The ITAT treats statutory reserve interest as business income, allowing deduction under Section 80P(2)(a)(i).

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

Notifications

The CBDT notifies of TDS exemption on aircraft leasing payments to IFSC units opting for a 20-year tax deduction under section 147 of the Income Tax Act, 2025.

CBDT Notifies TDS Exemption on Aircraft Lease Payments to IFSC Units Under 20-Year Tax Deduction Scheme 

ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits Received by Co-operative Society from Members

ITAT Holds Cash Deposits of Commission Agent Cannot Be Automatically Treated as Unexplained Income under Section 69A

The CBDT notifies of TDS exemption on ship leasing payments to IFSC units with a 20-year deduction option under Section 147 and a mandatory declaration requirement.

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

CBDT Notifies TDS Exemption on Aircraft Lease Payments to IFSC Units Under 20-Year Tax Deduction Scheme

ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits Received by Co-operative Society from Members

ITAT Holds Cash Deposits of Commission Agent Cannot Be Automatically Treated as Unexplained Income under Section 69A

CBDT Grants TDS Exemption On Ship Leasing Payments To IFSC Units Under 20-Year Tax Deduction Scheme

ITAT Deletes Section 69 Addition as Property Purchase Was Already Disclosed in Return Filed Under New PAN