![Interest Income from Fixed Deposit is eligible for Deduction u/s 80IA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-from-Fixed-Deposit-Interest-Income-Income-from-Fixed-Deposit-Fixed-Deposit-Deduction-ITAT-Fixed-Deposit-is-eligible-for-Deduction-taxscan.jpg "Interest Income from Fixed Deposit is eligible for Deduction u/s 80IA: ITAT [Read Order]")
Interest Income from Fixed Deposit is eligible for Deduction u/s 80IA: ITAT [Read Order]
The New Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the interest income earned on fixed deposit by bank and all other interest...
![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 FD is Eligible for Deduction u/s 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-from-FD-is-Eligible-for-Deduction-Interest-Income-from-FD-Interest-Income-Interest-Income-FD-Deduction-ITAT-Taxscan.jpg "Interest Income from FD is Eligible for Deduction u/s 10AA: ITAT [Read Order]")
![Relief to Bajaj Finance: Interest Income on NPAs Cannot be Taxed on Accrual Basis, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bajaj-Finance-Interest-Income-on-NPAs-Interest-Income-NPAs-Taxed-ITAT-Income-Taxscan.jpg "Relief to Bajaj Finance: Interest Income on NPAs Cannot be Taxed on Accrual Basis, rules ITAT [Read Order]")
![Interest Income from the Investments Made out of Reserve Fund Exempt u/s 80P(2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-from-the-Investments-Made-out-of-Reserve-Fund-Interest-Income-Investments-Reserve-Fund-Income-ITAT-Taxscan.jpg "Interest Income from the Investments Made out of Reserve Fund Exempt u/s 80P(2)(a)(i): ITAT [Read Order]")
Interest Income from Fixed Deposit of Co-operative Society made during the 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 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 Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]
The Hyderabad Bench Of Income Tax Appellate Tribunal (ITAT)has recently held that interest income of co-operative credit societis from credit balances deductible under section 80P(2)(a)(i) of the...
![Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-of-Co-operative-Credit-Societies-Co-operative-Credit-Societies-Interest-Income-Credit-Balances-ITAT-taxscan.jpg "Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): 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 ...
Partner Lending Loan to Firm out of Bank Term Loan Eligible for Deduction of Net Interest Income u/s 57 of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the deduction under section 57 of the Income Tax Act 1961 is allowable towards the net interest income received by the...
![Partner Lending Loan to Firm out of Bank Term Loan Eligible for Deduction of Net Interest Income u/s 57 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Bank-Term-Loan-Net-Interest-Income-Tax-Act-ITAT-TAXSCAN.jpg "Partner Lending Loan to Firm out of Bank Term Loan Eligible for Deduction of Net Interest Income u/s 57 of Income Tax Act: ITAT [Read Order]")
Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that interest income from loan extended against mortgage of properties would not constitute...
![Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Income-Interest-Income-Loan-Extended-Mortgage-of-Properties-Properties-Constitute-Rental-Income-Rental-Income-ITAT-Income-Tax-taxscan.jpg "Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental Income: ITAT [Read Order]")