Rajya Sabha Approves Banking Law Amendment Bill: Up to Four Nominees Allowed for Bank Accounts, FDs
Parliament on Wednesday passed the Banking Laws (Amendment) Bill, 2024, enabling individuals to nominate up to four persons for a single bank...
![Eligibility for Deduction u/s 80P(2)(d) on Interest Earned from Co-operative Banks: ITAT Grants Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Co-operative-Banks.jpg "Eligibility for Deduction u/s 80P(2)(d) on Interest Earned from Co-operative Banks: ITAT Grants Deduction [Read Order]")
![Cooperative Societies Eligible for Deduction on Interest Income from Cooperative Banks: ITAT Cites Co-op Banks are basically Co-op Societies’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Puna-Cooperative-Societies-Cooperative-Banks-Taxscan.jpg "Cooperative Societies Eligible for Deduction on Interest Income from Cooperative Banks: ITAT Cites Co-op Banks are basically Co-op Societies’ [Read Order]")
![Incentives Received Under “Atma Nirbhar Gujarat Sahay Yojna” are not Subsidy, GST Leviable: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Incentives-Atma-Nirbhar-Gujarat-Sahay-Yojna-Subsidy-GST-Leviable-AAR-TAXSCAN.jpg "Incentives Received Under “Atma Nirbhar Gujarat Sahay Yojna” are not Subsidy, GST Leviable: AAR [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]](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]")
State Declaration on KSCARDB as Cooperative Bank was Struck Down: Supreme Court directs RBI to Revoke Banking License [Read Order]
The Supreme Court directed the Reserve Bank India(RBI)to revoke the banking license and struck down the State declaration on Kerala State Co-Operative Agricultural And Rural Development Bank...
![State Declaration on KSCARDB as Cooperative Bank was Struck Down: Supreme Court directs RBI to Revoke Banking License [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Cooperative-Bank-was-Struck-Down-Supreme-Court-directs-RBI-Revoke-Banking-License-Banking-License-Tax-News-TAXSCAN.jpg "State Declaration on KSCARDB as Cooperative Bank was Struck Down: Supreme Court directs RBI to Revoke Banking License [Read Order]")
Interest received by Cooperative Societies from Cooperative Banks Eligible for Deduction under Section 80P of Income Tax: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest received by the cooperative societies from cooperative banks is eligible for deduction under Section 80P of the...
![Interest received by Cooperative Societies from Cooperative Banks Eligible for Deduction under Section 80P of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Interest-received-by-Cooperative-Societies-Cooperative-Banks-Eligible-for-Deduction-Income-Tax-ITAT-TAXSCAN.jpg "Interest received by Cooperative Societies from Cooperative Banks Eligible for Deduction under Section 80P of Income Tax: ITAT [Read Order]")
Interest Income from Investment in Cooperative Banks by Cooperative Societies Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest income received by cooperative societies from investment made in the cooperative banks are eligible for deduction...
![Interest Income from Investment in Cooperative Banks by Cooperative Societies Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-from-Investment-Interest-Income-Cooperative-Banks-Cooperative-Societies-Deduction-ITAT-Cooperative-Societies-Eligible-for-Deduction-taxscan.jpg "Interest Income from Investment in Cooperative Banks by Cooperative Societies Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]")
Payment to Minors and Unregistered Firms by Co-operative Bank violative of S. 194A: ITAT Upholds Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, while upholding the disallowance, held that payment to minors and unregistered firms by co-operative...
![Payment to Minors and Unregistered Firms by Co-operative Bank violative of S. 194A: ITAT Upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Payment-to-Minors-Payment-Unregistered-Firms-Minors-Co-operative-Bank-ITAT-Disallowance-taxscan.jpg "Payment to Minors and Unregistered Firms by Co-operative Bank violative of S. 194A: ITAT Upholds Disallowance [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]")
