![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]")
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...
![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]")
![Taxability of Interest from Investment Earned by Co-Operative Society as Other Income: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Taxability-Interest-Interest-from-Investment-Other-Income-ITAT-Re-Adjudication-Taxscan.jpg "Taxability of Interest from Investment Earned by Co-Operative Society as Other Income: ITAT directs Re-Adjudication [Read Order]")
![Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Co-Operative-Society-Claim-Deduction-of-Interest-Deduction-Deduction-of-Interest-Deposits-Co-Operative-Banks-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]")
![Delay of 163 days due to Late Receipt of Intimation u/s 143(1) via E-Mail: ITAT allows delay Condonation Petition filed by IOB Employees Co-operative Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/receipt-of-intimation-ITAT-condonation-petition-IOB-Employees-Co-operative-Society-taxscan.jpg "Delay of 163 days due to Late Receipt of Intimation u/s 143(1) via E-Mail: ITAT allows delay Condonation Petition filed by IOB Employees Co-operative Society [Read Order]")
Interest earned from Investments made in any Bank, not being a Co-operative Society, is not deductible: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that Interest earned from investments made in any bank, not being a co-operative society, is not deductible. The assessee, M/s....
![Interest earned from Investments made in any Bank, not being a Co-operative Society, is not deductible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Interest-investment-bank-co-operative-society-TAT-taxscan.jpg "Interest earned from Investments made in any Bank, not being a Co-operative Society, is not deductible: ITAT [Read Order]")
![IBC doesnt apply on Co-Operative Society as it is not a Corporate Person: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/NCLT-liquidation-process-CoC-NCLT-Taxscan.jpg "IBC doesnt apply on Co-Operative Society as it is not a Corporate Person: NCLT [Read Order]")
Bonus to Co-operative Societies by KMF is 'Dividend', Eligible for Income Tax Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the nature of the bonus paid by the Karnataka Milk Federation (KMF) is a dividend for the purpose of allowing deduction under...
![Bonus to Co-operative Societies by KMF is Dividend, Eligible for Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/bonus-Income-Tax-Deduction-KMF-ITAT-Taxscan.jpg "Bonus to Co-operative Societies by KMF is Dividend, Eligible for Income Tax Deduction: ITAT [Read Order]")
Interest Income of Co-Operative Society from Co-operative Bank entitled for Deduction under Sec 80P (2)(d): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that interest income derived by a co-operative society from its investments held with a co-operative bank would be entitled to claim of deduction under...
![Interest Income of Co-Operative Society from Co-operative Bank entitled for Deduction under Sec 80P (2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Income-Taxscan.jpg "Interest Income of Co-Operative Society from Co-operative Bank entitled for Deduction under Sec 80P (2)(d): ITAT [Read Order]")
Sec 80P Deduction not available to a Co-operative Society having an Area of Operation in more than One Taluk: ITAT [Read Order]
The Cochin bench of the Income Tax Appellate Tribunal ( ITAT ) has held that deduction under Section 80P of the Income Tax Act not available to a Co-operative society having an area of operation in...
![Sec 80P Deduction not available to a Co-operative Society having an Area of Operation in more than One Taluk: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Sec 80P Deduction not available to a Co-operative Society having an Area of Operation in more than One Taluk: ITAT [Read Order]")
Interest Income of a Co-Operative Society on Funds which are not required for Business Deposited in Bank is eligible for Deduction: ITAT
In a recent ruling, the ITAT, Bangalore held that the interest income earned by a co-operaive Society on funds which are not required for the business deposited in the fixed deposit in the bank is...
