![Interest/Dividend Income out of Investments with Co-operative Society is Eligible for Deduction u/s 80P(2) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-Tax-news-Dividend-income-Section-80P-TAXSCAN.jpg "Interest/Dividend Income out of Investments with Co-operative Society is Eligible for Deduction u/s 80P(2) of Income Tax Act: ITAT [Read Order]")
Interest/Dividend Income out of Investments with Co-operative Society is Eligible for Deduction u/s 80P(2) of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that interest / dividend income out of investments with co-operative society...
![ITAT directs Remands Matter to AO to Analyse Payment of Guarantee Commission is an Admissible Deduction u/s 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-income-tax-act-ITAT-bangalore-ITAT-remands-Remands-matters-TAXSCAN.jpg "ITAT directs Remands Matter to AO to Analyse Payment of Guarantee Commission is an Admissible Deduction u/s 37(1) of Income Tax Act [Read Order]")
![ITAT Directs readjudication of disallowance of Depreciation claimed on Acquisition of Asset [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Act-income-tax-appellete-tribunal-ITAT-delhi-Tax-news-taxscan.jpg "ITAT Directs readjudication of disallowance of Depreciation claimed on Acquisition of Asset [Read Order]")
![Jurisdiction Challenge of Assessing Authority shall be filed within 1 Month as u/s 124(3) of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Bangalore-Income-Tax-Assessing-Authority-taxscan.jpg "Jurisdiction Challenge of Assessing Authority shall be filed within 1 Month as u/s 124(3) of Income Tax Act: ITAT dismisses Appeal [Read Order]")
![Relief ISRO Employees Society: ITAT condones Delay Considering Affidavit, Directs NFAC to Consider Section 80P (2)(d) Claims [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Bangalore-Income-Tax-ISRO-Employees-Society-TAXSCAN.jpg "Relief ISRO Employees Society: ITAT condones Delay Considering Affidavit, Directs NFAC to Consider Section 80P (2)(d) Claims [Read Order]")
![ITAT directs Re adjudication with respect to Source Of Money Trail related to Unsecured Loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Source-Of-Money-Trail-TAXSCAN.jpg "ITAT directs Re adjudication with respect to Source Of Money Trail related to Unsecured Loan [Read Order]")
ITAT directs readjudication with respect to Disallowance made on expense incurred u/s 37(1) of Income Tax Act [Read Order]
The Two member bench of Income Tax Appellate Tribunal (ITAT) of Bangalore directed readjudication with respect to disallowance made on expenses incurred under Section 37(1) of the Income Tax Act,...
![ITAT directs readjudication with respect to Disallowance made on expense incurred u/s 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-readjudication-respect-Disallowance-us-371-of-Income-Tax-Act-TAXSCAN.jpg "ITAT directs readjudication with respect to Disallowance made on expense incurred u/s 37(1) of Income Tax Act [Read Order]")
Cash Deposit received from Mother as Gift during demonetization period properly Explained: ITAT deletes Addition u/s 69A [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled in favor of the taxpayer, overturning the addition made under section 69A of Income Tax Act, 1961. The tribunal found that...
![Cash Deposit received from Mother as Gift during demonetization period properly Explained: ITAT deletes Addition u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Cash-Deposit-received-Gift-during-Demonetization-Properly-Explained-ITAT-u-s-69A-TAXSCAN.jpg "Cash Deposit received from Mother as Gift during demonetization period properly Explained: ITAT deletes Addition u/s 69A [Read Order]")
Income Tax Form No. 10BA Submission is Mandatory for Claiming Section 80GG Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) in Bangalore has ruled that submission of Income Tax Form No. 10BA is mandatory for claiming deductions under Section 80GG of the Income Tax Act, 1961....
![Income Tax Form No. 10BA Submission is Mandatory for Claiming Section 80GG Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Form-No.-10BA-Submission-is-Mandatory-for-Claiming-Section-80GG-Deduction-ITAT-TAXSCAN-1.jpg "Income Tax Form No. 10BA Submission is Mandatory for Claiming Section 80GG Deduction: ITAT [Read Order]")
ITAT Orders Re-adjudication on Section 80P(2)(e) Deduction for Agricultural Loans Provided to Members under Income Tax Act [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has issued an order for re-adjudication regarding the deduction for agricultural loans provided to members under Section 80P(2)(e) of...
![ITAT Orders Re-adjudication on Section 80P(2)(e) Deduction for Agricultural Loans Provided to Members under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Orders-Re-adjudication-Section-80P2e-Deduction-for-Agricultural-Loans-Income-Tax-Act-TAXSCAN.jpg "ITAT Orders Re-adjudication on Section 80P(2)(e) Deduction for Agricultural Loans Provided to Members under Income Tax Act [Read Order]")
Trade or Business Related Services Ineligible for charitable Purposes: ITAT denies Registration u/s 2(15) of Income Tax Act [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has denied eligibility for charitable purposes under Section 2(15) of the Income Tax Act, 1961, to services related to trade or...
![Trade or Business Related Services Ineligible for charitable Purposes: ITAT denies Registration u/s 2(15) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Trade-Business-Business-Related-Services-charitable-Purposes-ITAT-Registration-taxscan.jpg "Trade or Business Related Services Ineligible for charitable Purposes: ITAT denies Registration u/s 2(15) of Income Tax Act [Read Order]")
Income from providing Credit Facilities to nominal members of Co-Operative Society are eligible for exemption u/s 80P(2)(a)(i) Income Tax Act: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) ruled that income from providing credit facilities to nominal members of cooperative society are eligible for exemption under Section...
![Income from providing Credit Facilities to nominal members of Co-Operative Society are eligible for exemption u/s 80P(2)(a)(i) Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Income-Tax-ITAT-Bangalore-Tax-exemption-cooperative-society-taxscan.jpg "Income from providing Credit Facilities to nominal members of Co-Operative Society are eligible for exemption u/s 80P(2)(a)(i) Income Tax Act: ITAT [Read Order]")