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![Deduction u/s 57 shall be allowed on Cost of Funds and Proportionate Administrative Expenses for Earning Interest Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Deduction-Proportionate-Administrative-Expenses-Earning-Interest-Income-ITAT-Cost-of-Funds-ITAT-Bangalore-taxscan.jpg "Deduction u/s 57 shall be allowed on Cost of Funds and Proportionate Administrative Expenses for Earning Interest Income: ITAT [Read Order]")
Deduction u/s 57 shall be allowed on Cost of Funds and Proportionate Administrative Expenses for Earning Interest Income: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the deduction under Section 57 of the Income Tax Act, 1961 shall be allowed...
![Claim of Exemption u/s 80(P) of Income Tax Rejected as assesse failed to Prove as Cooperative Society: Kerala HCÂ stays Recovery of Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Claim-of-Exemption-Exemption-Claim-Income-Tax-Income-Tax-Rejected-as-assesse-assesse-Cooperative-Society-Kerala-HC-taxscan.jpg "Claim of Exemption u/s 80(P) of Income Tax Rejected as assesse failed to Prove as Cooperative Society: Kerala HCÂ stays Recovery of Proceedings [Read Order]")
![Kerala HC suspends Recovery proceedings against Poothrikka Service Co-Operative Bank until Income Tax Commissioner disposes pending Appeal [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Kerala-HC-Recovery-proceedings-Poothrikka-Service-Co-Operative-Bank-Income-Tax-Commissioner-disposes-pending-appeal-Taxscan.jpg "Kerala HC suspends Recovery proceedings against Poothrikka Service Co-Operative Bank until Income Tax Commissioner disposes pending Appeal [Read Judgment]")