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...
![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]](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]")
![Co-operative Society shall Liable to Furnish AIR only after Amendment u/r 114 E of Income Tax Rules: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Co-operative-Society-Annual-Information-Report-Income-Tax-Rules-penalty-ITAT-Income-Tax-Rules-taxscan.jpg "Co-operative Society shall Liable to Furnish AIR only after Amendment u/r 114 E of Income Tax Rules: ITAT deletes Penalty [Read Order]")
Co-operative Society involved in Banking Business Not eligible for deduction u/s 80P(2)(a)(i): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench has held that the Cooperative society involved in Banking Business is not eligible for deduction under Section 80P(2)(a)(i) of the Income Tax...
![Co-operative Society involved in Banking Business Not eligible for deduction u/s 80P(2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Co-operative-Society-Co-operative-Society-involved-in-Banking-Business-Banking-Business-deduction-ITAT-Taxscan.jpg "Co-operative Society involved in Banking Business Not eligible for deduction u/s 80P(2)(a)(i): ITAT [Read Order]")
Grants from West Bengal State Government to Co-operative Society not Income from other source: ITAT directs to allow Deduction u/s 80P [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Kolkata bench has held that grants from West Bengal State Government to cooperative societies are not income from other sources and directed to allow...
![Grants from West Bengal State Government to Co-operative Society not Income from other source: ITAT directs to allow Deduction u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/West-Bengal-State-Government-Co-operative-Society-not-Income-from-other-source-Co-operative-Society-Income-from-other-source-Deduction-ITAT-ITAT-directs-to-allow-Deduction-taxscan-1.jpg "Grants from West Bengal State Government to Co-operative Society not Income from other source: ITAT directs to allow Deduction u/s 80P [Read Order]")
![Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-us-80P2d-available-to-Income-of-Co-operative-Society-ITAT-TAXSCAN.jpg "Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]")
Co-operative Society Not Eligible to Claim 80P Deduction If Income Tax Return was not filed within Due Date: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that if income tax return was not filed within due date the co-operative society was not eligible for claiming deduction under...
![Co-operative Society Not Eligible to Claim 80P Deduction If Income Tax Return was not filed within Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Co-operative-Society-Income-Tax-Return-ITAT-TAXSCAN.jpg "Co-operative Society Not Eligible to Claim 80P Deduction If Income Tax Return was not filed within Due Date: ITAT [Read Order]")
Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]
The Indore bench of Income Tax Appellate Tribunal (ITAT) recently directed the assessing officer to re-adjudicate assessee’s eligibility under section 80P of income tax act 1961 in respect of...
![Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Eligibility-us-80P-Buildings-Godowns-Co-operative-Society-ITAT-Re-Adjudication-Taxscan.jpg "Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]")
Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]
Income Tax appellate tribunal (ITAT) of Chennai Bench recently held that interest income earned by cooperative society from another cooperative bank eligible for Income Tax Deduction under section...
![Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-Income-Co-operative-Society-Cooperative-Bank-Income-Tax-Deduction-Income-Tax-ITAT-taxscan.jpg "Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): 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]")