HomeDirect TaxITAT Pune Allows Section 80P Deduction on Interest Earned From Cooperative Banks

ITAT Pune Allows Section 80P Deduction on Interest Earned From Cooperative Banks

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of a cooperative credit society, holding that interest income earned from deposits made with cooperative banks qualifies for deduction under Section 80P(2)(d) of the Income-tax Act, 1961.  The bench of Dr.Manish Borad (Accountant Member) that cooperative banks continue to retain their…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Ahmedabad Customs Seizes Gold Chain Hooks Worth Rs. 60.24 Lakh Concealed by Sharjah Passenger; Arrest Made

Customs officials at Sardar Vallabhbhai Patel International Airport (SVPI), Ahmedabad, have seized 600.240 grams...

Incomplete Form ‘F’ Records Under PCPNDT Act Not Mere Technical Errors, Criminal Prosecution Can Proceed: Supreme Court

In a judgment reinforcing the strict enforcement of the Pre-Conception and Pre-Natal Diagnostic Techniques...

Faceless Hearings and Manual Filing Before GSTAT: The Need of the Hour

The launch of the Goods and Services Tax Appellate Tribunal (GSTAT) marks a historic...

Supreme Court Recognises Homemakers as ‘Nation Builders’, Enhances Compensation in 25-Year-Old Motor Accident Case

The Supreme Court has delivered a significant judgment recognising the immense economic and social...

More like this

Ahmedabad Customs Seizes Gold Chain Hooks Worth Rs. 60.24 Lakh Concealed by Sharjah Passenger; Arrest Made

Customs officials at Sardar Vallabhbhai Patel International Airport (SVPI), Ahmedabad, have seized 600.240 grams...

Incomplete Form ‘F’ Records Under PCPNDT Act Not Mere Technical Errors, Criminal Prosecution Can Proceed: Supreme Court

In a judgment reinforcing the strict enforcement of the Pre-Conception and Pre-Natal Diagnostic Techniques...

Faceless Hearings and Manual Filing Before GSTAT: The Need of the Hour

The launch of the Goods and Services Tax Appellate Tribunal (GSTAT) marks a historic...