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section 80P of Income...

Belated ITR Not a Bar: ITAT allows 80P Deduction Claim, Remands Matter to AO for Fresh Adjudication [Read Order]

Sandhra Suresh

The Nagpur bench of Income Tax Appellate Tribunal (ITAT) held that the deduction under Section 80P cannot be denied solely for belated filing and...

Commission Income of Cooperative Society u/s 80P: ITAT Allows Withdrawal of Revenue Appeal as Tax...

Income Tax Deduction u/s 80 P allowable for Interest Earned on Surplus Lending Funds to Banking...

S. 80P Deduction Disallowance: ITAT rejects Death of CA being Not Valid Reason for 388 Day Delay for...

S. 80P Deduction not to be Denied to Co-operative Societies for Belated Returns, if Claim is Valid:...

Interest Income from Deposits with Co-operative Banks qualifies for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest income earned from deposits with co-operative banks qualifies for a deduction under Section 80P(2)(d) of the Income...

Benefits of 80P Deduction denied due to Non-filing of Income Tax Returns on Prescribed Time: Kerala HC directs to File ITR [Read Order]

In a recent case, the Kerala High Court has held that benefits of Income Tax,1961 deduction under Section 80 (P) were denied due to non-filing of Income Tax Return ( ITR ) on prescribed time. The...

Notice issued u/s 148 on Ground of Concealment of Income: Kerala HC grants one month To File ITR [Read Order]

The Kerala High Court granted one month to file an Income Tax Return (ITR) as the notice issued under section 148 of the Income Tax Act, 1961 on grounds of concealment of income and the assessee...

Deduction u/s 80P of IT Act cannot Denied Due to Late Filing of ROI : ITAT quashes Order [Read Order]

The Kolkata bench of Income Tax Appellate Tribunal( ITAT) held that the deduction under section 80P of Income Tax Act,1961 cannot be denied due to late filing of return of income (ROI). Kishorepur...