![Principle of Mutuality not Applicable on Income Earned by Clubs through its Assets and Resources, from Persons who are not Members, Income Tax Applicable: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/08/Principle-Mutuality-Income-Clubs-Assets-Persons-Income-Tax-Supreme-Court-TAXSCAN.jpg "Principle of Mutuality not Applicable on Income Earned by Clubs through its Assets and Resources, from Persons who are not Members, Income Tax Applicable: Supreme Court [Read Judgement]")
Principle of Mutuality not Applicable on Income Earned by Clubs through its Assets and Resources, from Persons who are not Members, Income Tax Applicable: Supreme Court [Read Judgement]
In a major decision the Supreme Court has ruled that the principle of mutuality is not applicable on income earned by clubs through its assets and...
![Interest Income earned on Fixed Deposits with Cooperative/Scheduled Bank eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-earned-on-Fixed-Deposits-with-Cooperative-Scheduled-Bank-eligible-for-Deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Interest Income earned on Fixed Deposits with Cooperative/Scheduled Bank eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]")
![Tax Exemption Allowable for Interest Income Received on Temporary FD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Tax-Exemption-Interest-Income-Received-on-Temporary-FD-ITAT-TAXSCAN.jpg "Tax Exemption Allowable for Interest Income Received on Temporary FD: 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...
Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently held that interest income of Farmers service co-operative society from fixed deposits in Union Bank of India is deductible under...
![Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-Farmers-Services-Co-operative-Society-Services-Co-operative-Society-Fixed-Deposits-Union-Bank-of-India-ITAT-Taxscan.jpg "Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]")
Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that interest on fixed deposits is assessable under the head ‘income from other source’. ...
![Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Income-from-Other-Source-Fixed-Deposits-Assessee-taxscan.jpg "Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]")
Interest Income Derived from Business Advances, Fixed Deposits shall be eligible for Profit and Gains Deduction u/s 80IB of the Act: ITAT grants Relief to Adani PortsÂ
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that interest income derived from business advances and fixed deposits is eligible for profit and gains ...
Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai Bench, has recently held that interest on fixed deposits being attributable and incidental to the trading business, exemption under section 10AA of the...
![Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Fixed-Deposits-Business-ITAT-taxscan.jpg "Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]")