![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]")
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...
![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]](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]")
Claim of Deduction u/s 80P (2) of Income Tax Act by Co-op Society cannot be Denied on Breach of Principle of Mutuality or Violation of Bye Law: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the claim of deduction under Section 80P (2) of Income Tax Act 1961 by cooperative society could not be denied on breach of...
![Claim of Deduction u/s 80P (2) of Income Tax Act by Co-op Society cannot be Denied on Breach of Principle of Mutuality or Violation of Bye Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Claim-of-Deduction-Income-Tax-Act-by-Co-op-Society-Deduction-Breach-of-Principle-of-Mutuality-Violation-of-Bye-Law-ITAT-taxscan.jpg "Claim of Deduction u/s 80P (2) of Income Tax Act by Co-op Society cannot be Denied on Breach of Principle of Mutuality or Violation of Bye Law: ITAT [Read Order]")