![ITAT quashes AOs Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Credit-Society-upholds-deduction-taxscan.jpg "ITAT quashes AOs Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]")
ITAT quashes AO's Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]
In a significant ruling, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld that cooperative credit societies are eligible for...
![Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Interest-Income-Co-operative-Bank-Business-Income-ITAT-Co-operative-Society-Deduction-taxscan.jpg "Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]")
Non-Filing of ITR on Bonafide Belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to File ITR [Read Order]
The Kerala High Court directed to Income Tax Returns (ITR) as there was non-filing of the income tax returns on bonafide belief of the exemption under Section 80P of the Income Tax Act, 1961. The...
![Non-Filing of ITR on Bonafide Belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to File ITR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Filing-ITR-on-Bonafide-Belief-Exemption-Income-Tax-Act-Kerala-HC-directs-File-ITR-TAXSCAN.jpg "Non-Filing of ITR on Bonafide Belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to File ITR [Read Order]")
Non Filing of Income Tax Returns on belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to file ITR within 1 month [Read Order]
The Kerala High Court directed to file the income tax returns within 1 month in the matter regarding non- filing of income tax returns on belief of exemption under Section 80P of the Income Tax Act,...
![Non Filing of Income Tax Returns on belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to file ITR within 1 month [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Filing-of-Income-Tax-Returns-Income-Tax-Returns-Income-Tax-Act-Income-Tax-Kerala-HC-taxscan.jpg "Non Filing of Income Tax Returns on belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to file ITR within 1 month [Read Order]")
Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) he that CIT(A) was unjustified in denying right to claim deduction under Section 80P of the Income Tax Act on grounds of Government...
![Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Deduction-Income-Tax-Deduction-Delay-Govt-Auditor-ITAT-taxscan.jpg "Income Tax Deduction U/S80P cannot be denied on ground of Delay in Submitting Audit Report by Govt Auditor: ITAT [Read Order]")
CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Society's Claim [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the Central Processing Centre (CPC) was not within its jurisdiction to disallow a deduction claimed by a West Bengal...
![CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Societys Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CPC-CPC-not-within-Jurisdiction-Jurisdiction-Disallow-Deduction-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Societys Claim [Read Order]")
Income earned from Commercial Activity can't be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned from commercial activity cannot be claimed as a deduction under Section 80P of the Income Tax Act, 1961. ...
![Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deduction-Income-Tax-Act-Income-Income-earned-from-Commercial-Activity-income-tax-taxscan.jpg "Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]")
Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income earned from deposits kept with nationalized banks is allowable as deduction under Section...
![Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-from-Deposits-with-Nationalized-Bank-is-allowable-for-Deduction-I-T-Act-ITAT.jpg "Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]")
Bonafide Belief of Interest Income on Bank Deposits Eligible for Deduction u/s 80P : ITAT Deletes Penalty u/s 271(1)(c) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271(1)(c) of the Income Tax Act 1961, as the assessee had the bonafide belief of interest income on...
![Bonafide Belief of Interest Income on Bank Deposits Eligible for Deduction u/s 80P : ITAT Deletes Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-on-Bank-Deposits-Interest-Income-Bank-Deposits-Deduction-ITAT-ITAT-Deletes-Penalty-Penalty-taxscan.jpg "Bonafide Belief of Interest Income on Bank Deposits Eligible for Deduction u/s 80P : ITAT Deletes Penalty u/s 271(1)(c) [Read Order]")