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![PCIT cannot Revise 80P Deduction on Bank Interest if AO Assessment not Erroneous or Prejudicial to Revenue: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/22/2126684-pcit-bank-interest-ao-assessment-revenue-itat-taxscan.webp "PCIT cannot Revise 80P Deduction on Bank Interest if AO Assessment not Erroneous or Prejudicial to Revenue: ITAT [Read Order]")
PCIT cannot Revise 80P Deduction on Bank Interest if AO Assessment not Erroneous or Prejudicial to Revenue: ITAT [Read Order]
The Income Tax Appellate Tribunal, BangaloreBench, held that the Principal Commissioner of Income Tax (PCIT) cannot revise the deduction under...
![No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/2057014-e-verification-delay.webp "No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]")
![ITAT Remands 80P Deduction Case to CIT(A), Directs Fresh Hearing for Co-op Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Hearing-for-Co-op-Society.jpg "ITAT Remands 80P Deduction Case to CIT(A), Directs Fresh Hearing for Co-op Society [Read Order]")
![Interest Income from FDRs with other Cooporative Banks eligible for deduction u/s 80P (2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-Interest-income-Interest-income-from-FDRs-Cooporative-Banks-Section-80-P-2d-of-the-Income-Tax-Act-TAXSCAN.jpg "Interest Income from FDRs with other Cooporative Banks eligible for deduction u/s 80P (2)(d): ITAT [Read Order]")
![Insurance Activities Carried out by Cooperative Society do not fall with Banking Business: ITAT upholds Disallowance of Deduction u/s 80P of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Insurance-Activities-Cooperative-Society-Banking-Business-ITAT-Disallowance-of-Deduction-Income-Tax-Act-TAXSCAN.jpg "Insurance Activities Carried out by Cooperative Society do not fall with Banking Business: ITAT upholds Disallowance of Deduction u/s 80P of Income Tax Act [Read Order]")
Non-granting of Deduction u/s.80P of Income Tax Act of Earned Interest Income due to Utilisation of Income for Non Business Activities : ITAT Directs Re-adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the rejection of the claim of deduction under section 80P of the Income Tax Act,1961 due to...
![Non-granting of Deduction u/s.80P of Income Tax Act of Earned Interest Income due to Utilisation of Income for Non Business Activities : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Non-granting-Deduction-Income-Tax-Act-Earned-Interest-Income-Utilisation-Income-Non-Business-ITAT-TAXSCAN.jpg "Non-granting of Deduction u/s.80P of Income Tax Act of Earned Interest Income due to Utilisation of Income for Non Business Activities : ITAT Directs Re-adjudication [Read Order]")
Charging Higher Rate of Interest cannot be a ground for denying Deduction u/s 80P of Income Tax Act: Madras HC [Read Judgment]
The High Court of Madras, in a recent decision, ruled that the Co-operative Societies lending money for non-agricultural purpose are eligible for deduction under section 80P of the Income Tax Act,...
