![Interest Income from investment in Co-operative bank governed by Tamil Nadu Co-operative Societies Act eligible for deduction u/s 80P(2)(d) of Income Tax [Read Order] Â](https://www.taxscan.in/wp-content/uploads/2023/10/site-13-1.jpg "Interest Income from investment in Co-operative bank governed by Tamil Nadu Co-operative Societies Act eligible for deduction u/s 80P(2)(d) of Income Tax [Read Order] Â")
Interest Income from investment in Co-operative bank governed by Tamil Nadu Co-operative Societies Act eligible for deduction u/s 80P(2)(d) of Income Tax [Read Order] Â
The Income Tax Appellate Tribunal (ITAT), Chennai Bench held that interest income from investments in cooperative banks governed by the Tamil Nadu...
![Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Deduction-Interest-Income-Co-operative-Bank-ITAT-income-tax-taxscan.jpg "Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]")
![Common Interest received on Deposits with Co-Operative Bank as Income is not Eligible for Deduction u/s.80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Common-interest-received-on-deposits-Co-operative-Bank-as-income-is-not-eligible-for-deduction-ITAT-TAXSCAN.jpg "Common Interest received on Deposits with Co-Operative Bank as Income is not Eligible for Deduction u/s.80P(2)(d): ITAT [Read Order]")
Interest Income from Co-operative Bank Credited to Reserves in Balance Sheet Eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that interest income from co-operative bank credited to reserves in the balance sheet is...
![Interest Income from Co-operative Bank Credited to Reserves in Balance Sheet Eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/INTERE1.jpg "Interest Income from Co-operative Bank Credited to Reserves in Balance Sheet Eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]")
Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that a co-operative bank is eligible for deduction under section 80P(2)(a)(i) of the Income Tax Act, 1961 interest from staff...
![Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Co-Operative-Bank-Deduction-Income-Interest-Staff-Welfare-Fund-Staff-Loans-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]")
![Interest received by Co-operative Society from Co-operative Bank allowable u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Co-operative-Banks-Co-operative-Societies-Banking-Business-RBI-Deduction-ITAT-Income-Tax-Taxscan.jpg "Interest received by Co-operative Society from Co-operative Bank allowable u/s 80P(2)(d): ITAT [Read Order]")
![No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-TDS-applicable-Payment-Interest-Co-operative-Bank-ITAT-Taxscan.jpg "No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]")
Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income earned by a Co-operative society on investment held with Co-operative Bank can be allowed as a deduction u/s 80 2)(d)...
![Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Income-earned-by-Co-operative-Society-Co-operative-Society-Investment-Co-operative-Bank-Deduction-ITAT-taxscan.jpg "Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]")
Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that a bonafide action on the part of the co-operative bank not filing annual information report (AIR) will not attract...
![Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Bonafide-Action-Co-Operative-Bank-Penalty-ITAT-taxscan.jpeg "Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]")
Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that Cooperative bank share eligible for Tax Deduction at Source (TDS) exemption under section 194A for deposits by nominal members. ...
![Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Co-operative-bank-TDS-exemption-ITAT-taxscan.jpeg "Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]")