![No penalty attracted u/s 269SS and 269TT of Income Tax Act on Share Application Money or Repayment: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Calcutta-High-Court-Income-Tax-Act-Section-269SS-269TT-of-the-Income-Tax-Act-tax-news-Taxscan.jpg "No penalty attracted u/s 269SS and 269TT of Income Tax Act on Share Application Money or Repayment: Calcutta HC [Read Order]")
No penalty attracted u/s 269SS and 269TT of Income Tax Act on Share Application Money or Repayment: Calcutta HC [Read Order]
The Calcutta High Court held that no penalty attracted under Section 269SS and 269TT of the Income Tax Act, 1961 on share application money or...
![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]")
![Interest Income Derived by Co-operative Society from any other Co-operative Bank allowable as Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Cooperative-society-Income-Tax-Interest-income-Tax-deduction-Co-operative-bank-ITAT-Mumbai-TAXSCAN.jpg "Interest Income Derived by Co-operative Society from any other Co-operative Bank allowable as Deduction u/s 80P(2)(d): ITAT [Read Order]")
![Interest earned from Commercial /Cooperative Bank having License under Banking Regulation Act is considered under Head of Income From Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Cooperative-Bank-Commercial-Bank-Banking-Regulation-Act-TAXSCAN.jpg "Interest earned from Commercial /Cooperative Bank having License under Banking Regulation Act is considered under Head of Income From Other Sources: ITAT [Read Order]")
![Intermittent works executed by Co-operative Societies not fall under Man Power Recruitment or Supply: CESTAT upholds Orders set aside Service Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Co-operative-Societies-CESTAT-Kolkata-Intermittent-works-Man-Power-Recruitment-Supply-Service-Tax-Demand-taxscan.jpg "Intermittent works executed by Co-operative Societies not fall under Man Power Recruitment or Supply: CESTAT upholds Orders set aside Service Tax Demand [Read Order]")
Co-operative society receives/earns Interest on deposits with Co-operative bank is eligible for claim of Deduction u/s 80(2)(d): ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the co-operative society receives/earns the interest on deposits with the co-operative bank is eligible for claim of deduction...
![Co-operative society receives/earns Interest on deposits with Co-operative bank is eligible for claim of Deduction u/s 80(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Co-operative-society-Interest-deposits-Co-operative-bank-claim-of-Deduction-taxscan.jpg "Co-operative society receives/earns Interest on deposits with Co-operative bank is eligible for claim of Deduction u/s 80(2)(d): ITAT [Read Order]")
Deduction u/s 80P(2)(d) of Income Tax Act Allowable on Interest Earned from Investment in Cooperative Bank: Madras HC [Read Order]
In a significant case, the Madras High Court has held that deduction under section 80p(2)(d) of the Income Tax Act, 1961 is allowable on interest earned from investment in Cooperative Bank. The...
![Deduction u/s 80P(2)(d) of Income Tax Act Allowable on Interest Earned from Investment in Cooperative Bank: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Interest-Earned-from-Investment-Earned-from-Investment-Investment-in-Cooperative-Bank-Cooperative-Bank-Madras-HC-Madras-High-Court-TAXSCAN.jpg "Deduction u/s 80P(2)(d) of Income Tax Act Allowable on Interest Earned from Investment in Cooperative Bank: Madras HC [Read Order]")
Co-operative society providing Credits for Agricultural Purposes can be classified as Primary Agricultural Credit Society: Kerala HC set aside Income Tax Assessment Rejecting Deduction u/s 80 P
In a significant case, the Kerala High Court held that a Co-operative society providing Credits for Agricultural Purposes can be classified as a Primary Agricultural Credit Society and set aside the...
Demand of 20% of Tax for Conditional Stay on Primary Agricultural Credit Society: Kerala HC directs Appellate Authority to decide Matter within 3 Months [Read Order]
The Kerala High Court directed the Appellate Authority to decide matter within 3 months in the matter of demand of 20% of tax for the conditional stay on a Primary Agricultural Credit Society. The...
![Demand of 20% of Tax for Conditional Stay on Primary Agricultural Credit Society: Kerala HC directs Appellate Authority to decide Matter within 3 Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Demand-of-Tax-for-Conditional-Stay-on-Primary-Agricultural-Credit-Society-Kerala-HC-directs-Appellate-Authority-to-decide-Matter-TAXSCAN-1.jpg "Demand of 20% of Tax for Conditional Stay on Primary Agricultural Credit Society: Kerala HC directs Appellate Authority to decide Matter within 3 Months [Read Order]")
Deduction on Income for Providing Credit Facilities by Co-Operative Society on Demonstration of Maintaining Funds as per Karnataka Souharda Sahakari Act, 1997: ITAT Orders Re-adjudication
The Bangalore Bench of Income Tax Appellate Tribual (ITAT) held that deduction on income for providing credit facilities by co-operative society to be allowed on demonstration of mandatory...
Assessee Co-Operative Society Governed by Due Date of Filing Return as per Maharashtra Co-Operative Society Act: ITAT allows Deduction u/s. 80P of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 80P of the Income Tax Act ,1961 holding that the assessee co-operative society would be governed by...
![Assessee Co-Operative Society Governed by Due Date of Filing Return as per Maharashtra Co-Operative Society Act: ITAT allows Deduction u/s. 80P of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessee-Co-Operative-Society-ITAT-income-tax-act-Maharashtra-Co-Operative-Society-Act-taxscan.jpg "Assessee Co-Operative Society Governed by Due Date of Filing Return as per Maharashtra Co-Operative Society Act: ITAT allows Deduction u/s. 80P of Income Tax Act [Read Order]")