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Co-operative Society Eligible for 80P(2)(d) Deduction on Interest from Co-operative Bank Investments: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that a co-operative society is entitled to a deduction under Section 80P(2)(d) of...
![No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099391-no-disallowance-no-exempt-income-earned-itat-taxscan.webp "No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]")
![DGFT Reinstates and Amends SION C-676 for Export of Hot Dipped Galvanised Tension Bars, Gate Rods, Truss Rods/Drop Rods [Read Public Notice]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099383-dgft-reinstates-amends-sion-export-of-hot-dipped-galvanised-tension-bars-gate-rods-truss-rods-drop-rods-taxscan.webp "DGFT Reinstates and Amends SION C-676 for Export of Hot Dipped Galvanised Tension Bars, Gate Rods, Truss Rods/Drop Rods [Read Public Notice]")
![Levy of IGST on Ocean Freight under CIF Contracts Invalid after Mohit Minerals Ruling: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099254-levyofigst-oceanfreight-cifcontractsinvalid-mohitmineralsruling-madrashc-taxscanoptimized150.webp "Levy of IGST on Ocean Freight under CIF Contracts Invalid after Mohit Minerals Ruling: Madras HC [Read Order]")
Co-operative Society Eligible for 80P(2)(d) Deduction on Interest from Co-operative Bank Investments: ITAT [Read Order]
The Tribunal followed earlier coordinate bench rulings, observing that co-operative banks are also co-operative societies within the meaning of Section 2(19) and, therefore, interest income from such deposits qualifies for deduction
![Service Tax Demand Cannot be Held as Bad in Law merely due to Payment made in Advance: CESTAT Remands Appeal for Redetermination [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/750x450_2098801-service-tax-demand-cestat-hyderabad-tascan.webp "Service Tax Demand Cannot be Held as Bad in Law merely due to Payment made in Advance: CESTAT Remands Appeal for Redetermination [Read Order]")
![Service Tax Not Leviable on Training Programs Conducted with University: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/500x300_2097464-cestat-new-delhi-service-tax-service-tax-not-leviable-taxscan.webp "Service Tax Not Leviable on Training Programs Conducted with University: CESTAT [Read Order]")
![Wrongly Paid Service Tax under SEZ Act: CESTAT Remands Claim for Fresh Examination and Directs Refund [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096919-cestat-hyderabad-service-tax-sez-act-taxscan.webp "Wrongly Paid Service Tax under SEZ Act: CESTAT Remands Claim for Fresh Examination and Directs Refund [Read Order]")
![Relief for Maruti Suzuki: CESTAT Rules Education Cess Payable on Net Service Tax after Deducting R&D Cess [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096807-maruti-suzuki-taxscan.webp "Relief for Maruti Suzuki: CESTAT Rules Education Cess Payable on Net Service Tax after Deducting R&D Cess [Read Order]")
![Mismatch Between Income Tax and ST-3 Returns: CESTAT Upholds Service Tax Demand for Unexplained Discrepancy [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096796-cestat-bangalore-service-tax-demand-income-tax-taxscan.webp "Mismatch Between Income Tax and ST-3 Returns: CESTAT Upholds Service Tax Demand for Unexplained Discrepancy [Read Order]")
![Semi Conductor Laboratory Not a Business Entity, Not Liable to Pay Service Tax on CISF Security Services: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/750x450_2099128-cisf-security-taxscan.webp "Semi Conductor Laboratory Not a Business Entity, Not Liable to Pay Service Tax on CISF Security Services: CESTAT [Read Order]")
Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The tribunal observed that once a corporate debtor defaults on a debt, the reason for the default, including inability to pay due to COVID-19, is irrelevant for admitting the petition. Technical objections, including alleged insufficient stamping of documents and procedural defects, were also rejected.
Kavi Priya
![Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Bangalore-Service-Tax-liquidated-damages-Taxscan.jpg "Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]")
Yogitha S. Yogesh
Rupesh Sharma
Saagarika Gopinath
Navasree A.MReason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The tribunal observed that once a corporate debtor defaults on a debt, the reason for the default, including inability to pay due to COVID-19, is irrelevant for admitting the petition. Technical objections, including alleged insufficient stamping of documents and procedural defects, were also rejected.
![DGFT Reinstates and Amends SION C-676 for Export of Hot Dipped Galvanised Tension Bars, Gate Rods, Truss Rods/Drop Rods [Read Public Notice]](https://images.taxscan.in/h-upload/2025/10/23/750x450_2099383-dgft-reinstates-amends-sion-export-of-hot-dipped-galvanised-tension-bars-gate-rods-truss-rods-drop-rods-taxscan.webp "DGFT Reinstates and Amends SION C-676 for Export of Hot Dipped Galvanised Tension Bars, Gate Rods, Truss Rods/Drop Rods [Read Public Notice]")
