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Interest Income of a Co-Operative Society on Funds which are not required for Business Deposited in Bank is eligible for Deduction: ITAT
In a recent ruling, the ITAT, Bangalore held that the interest income earned by a co-operaive Society on funds which are not required for the business...
![Waiver of Interest Income by the Company by passing Resolution is Excludable from Taxable Income: Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Calcutta-High-Court-Taxscan.jpg "Waiver of Interest Income by the Company by passing Resolution is Excludable from Taxable Income: Calcutta HC [Read Judgment]")