1,024 Anthurium Flowers Exported from Mizoram to Singapore: Floriculture Exports Bloom with $86.62 Million Exports in 23-24
India has marked a significant milestone in the floriculture export arena, with the Agricultural and Processed Food Products Export Development...
![Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Cash-Deposits-Cash-Deposits-ITAT-Sets-Aside-taxscan.jpg "Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication [Read Order]")
![ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-Cooperative-society-TAXSCAN.jpg "ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]")
![ITAT Orders Detailed Verification of KYC for Cooperative Society’s SBN Deposits during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/co-op-society-kerala-high-court-Reopening-of-Assessment-taxscan.jpg "ITAT Orders Detailed Verification of KYC for Cooperative Society’s SBN Deposits during Demonetization [Read Order]")
![Interest and Dividend derived by one Cooperative Society From Investment with another one is eligible for Deduction u/s 80P(2)(D) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Pune-Income-Tax-Cooperative-Society-TAXSCAN.jpg "Interest and Dividend derived by one Cooperative Society From Investment with another one is eligible for Deduction u/s 80P(2)(D) of Income Tax Act: ITAT [Read Order]")
Insurance Activities Carried out by Cooperative Society do not fall with Banking Business: ITAT upholds Disallowance of Deduction u/s 80P of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad bench held insurance activities carried out by cooperative society did not fall with banking business. Therefore, the bench upheld the disallowance...
![Insurance Activities Carried out by Cooperative Society do not fall with Banking Business: ITAT upholds Disallowance of Deduction u/s 80P of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Insurance-Activities-Cooperative-Society-Banking-Business-ITAT-Disallowance-of-Deduction-Income-Tax-Act-TAXSCAN.jpg "Insurance Activities Carried out by Cooperative Society do not fall with Banking Business: ITAT upholds Disallowance of Deduction u/s 80P of Income Tax Act [Read Order]")
Supreme Court upholds Income Tax Exemption granted on Dividend Income to Multi-State Cooperative Society with PE in Oman as per India-Oman DTAA [Read Order]
The Supreme Court has recently ruled that when an Indian entity's establishment operates in Oman and holds a 'Permanent Establishment' status under the Double Taxation Avoidance Agreement (DTAA), any...
Demand for Extended Period Not Sustainable When Entire Service Tax on Outdoor Catering with Interest Paid Before Issue of SCN: CESTAT [Read Order]
In a significant case, the Chandigarh bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that demand for an extended period is not sustainable when the entire service...
![Demand for Extended Period Not Sustainable When Entire Service Tax on Outdoor Catering with Interest Paid Before Issue of SCN: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Demand-Demand-for-Extended-Period-Not-Sustainable-Extended-Period-Service-Tax-Service-Tax-on-Outdoor-Catering-with-Interest-Paid-Before-Issue-of-SCN-SCN-CESTAT-Taxscan.jpg "Demand for Extended Period Not Sustainable When Entire Service Tax on Outdoor Catering with Interest Paid Before Issue of SCN: CESTAT [Read Order]")
Interest Income by Cooperative Society on Deposits of Surplus Funds Eligible for Deduction u/ss 80P(2)(a)i) and 80P(2)(d) of Income Tax Act: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT) held that the Interest income earned by the cooperative society on deposits of surplus funds by the scheduled banks is eligible for the...
![Interest Income by Cooperative Society on Deposits of Surplus Funds Eligible for Deduction u/ss 80P(2)(a)i) and 80P(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-Interest-Income-by-Cooperative-Society-Cooperative-Society-Cooperative-Society-on-Deposits-Deposits-Surplus-Funds-Funds-Deduction-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Interest Income by Cooperative Society on Deposits of Surplus Funds Eligible for Deduction u/ss 80P(2)(a)i) and 80P(2)(d) of Income Tax Act: ITAT [Read Order]")
Fraud Charges: ED Attaches Properties worth 60.44 Crores of Malaika Multi State Credit Cooperative Society
Directorate of Enforcement (ED) has provisionally attached 48 immovable properties worth Rs 60.44 Crore including flats/shops/lands etc belonging to Gilbert Baptist, his family members/aides and...
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]")
Interest Income from Fixed Deposit of Co-operative Society made during course of business eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act : ITAT
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income from fixed deposits of co-operative society made during the course of business is eligible for...
