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![Interest from FDRs Exempt as Part of Corpus Fund u/s 11(1)(d): ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-FDRs-Corpus-Fund-Assesment-Officer-Remands-Matter-to-AO-Section-111d-taxscan.jpg "Interest from FDRs Exempt as Part of Corpus Fund u/s 11(1)(d): ITAT Remands Matter to AO [Read Order]")
Interest from FDRs Exempt as Part of Corpus Fund u/s 11(1)(d): ITAT Remands Matter to AO [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) remanded the matter to the Assessing Officer (AO) to review the non-taxability of interest...
![Interest Income from FDRs with other Cooporative Banks eligible for deduction u/s 80P (2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-Interest-income-Interest-income-from-FDRs-Cooporative-Banks-Section-80-P-2d-of-the-Income-Tax-Act-TAXSCAN.jpg "Interest Income from FDRs with other Cooporative Banks eligible for deduction u/s 80P (2)(d): ITAT [Read Order]")
![CBDT notifies Income Tax Exemption to Press Council of India u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/11/CBDT-Income-Tax-Exemption-Press-Council-of-India-taxscan.png "CBDT notifies Income Tax Exemption to Press Council of India u/s 10(46) [Read Notification]")
![TDS on Interest Income on FDRs: ITAT Rejects Plea by Emaar’s Subsidiary on Interest paid to Parent Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/TDS-Interest-Interest-Income-FDRs-ITAT-Subsidiary-Parent-Company-taxscan.jpg "TDS on Interest Income on FDRs: ITAT Rejects Plea by Emaar’s Subsidiary on Interest paid to Parent Company [Read Order]")
![Interest Income from FDRs not Taxable till the Date of Final Arbitral Award where Ownership is Determined: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Income-FDRs-Delhi-HC-TAXSCAN.jpg "Interest Income from FDRs not Taxable till the Date of Final Arbitral Award where Ownership is Determined: Delhi HC [Read Order]")
Interest Income from FDRs can be treated as Business Income If Assessee proves that such FDR is essential/necessary for obtaining the Contract: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT), recently held that the interest income from FDRs can be treated as business income if the assessee proves that the same is...
![Interest Income from FDRs can be treated as Business Income If Assessee proves that such FDR is essential/necessary for obtaining the Contract: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/interest-income-FDRs-business-income-assessee-Taxscan.jpeg "Interest Income from FDRs can be treated as Business Income If Assessee proves that such FDR is essential/necessary for obtaining the Contract: ITAT [Read Order]")
Co-Operative Societies cannot Claim Deduction on Net Interest Income from FDRs with Nationalized Banks: ITAT Ahmedabad
In Shree Modhpatni Co-op Credit Society Ltd. v. DCIT, the ITAT, Ahmedabad held that only net interest income earned by the assessee from FDRs with nationalized banks should be excluded from the claim...
