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![Section 80P(2)(a)(i) Deduction under income Tax Act allowable on Interest Income from Mandatory Co-op Bank Investments under State Societies Act : ITAT [Read Order] Section 80P(2)(a)(i) Deduction under income Tax Act allowable on Interest Income from Mandatory Co-op Bank Investments under State Societies Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Act-Deduction-under-income-Tax-Act-Cooperative-Bank-Investments-State-Societies-Act-ITAT-Taxscan.jpg)
Section 80P(2)(a)(i) Deduction under income Tax Act allowable on Interest Income from Mandatory Co-op Bank Investments under State Societies Act : ITAT [Read Order]
In a recent decision, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) determined that under Section 80P of the Income Tax Act, 1961,...


![Amounts invested by the Co-operative Societies as per Karnataka Co-operative Societies Act entitled to Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT Re-Adjudication [Read Order] Amounts invested by the Co-operative Societies as per Karnataka Co-operative Societies Act entitled to Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Amounts-invested-Co-operative-Societies-Karnataka-Co-operative-Societies-Act-Income-Tax-Act-ITAT-Re-Adjudication-taxscan.jpg)
![Co-Operative Societies can claim 80P Deduction If do not have banking license from the RBI and is providing Credit facilities only to its Members: ITAT [Read Order] Co-Operative Societies can claim 80P Deduction If do not have banking license from the RBI and is providing Credit facilities only to its Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg)