![No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-TDS-applicable-Payment-Interest-Co-operative-Bank-ITAT-Taxscan.jpg "No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]")
No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that TDS is not applicable in respect of payment of interest to its member...
![Revisional Jurisdiction not valid in absence of Error in Assessment Order, Claim of Deduction u/s 80P(2)(a)(i) allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Revisional-Jurisdiction-Assessment-Order-Deduction-ITAT-taxscan.jpg "Revisional Jurisdiction not valid in absence of Error in Assessment Order, Claim of Deduction u/s 80P(2)(a)(i) allowable: ITAT [Read Order]")
![Exemption u/s 80P is allowable, If delay in Filing Income Tax Return is condoned by Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Return-competent-authority-ITAT-taxscan.jpeg "Exemption u/s 80P is allowable, If delay in Filing Income Tax Return is condoned by Competent Authority: ITAT [Read Order]")
![Deduction u/s 80P(2)(d) of Income Tax Allowable to Cooperative Banks Doing Banking Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Deduction-us-80P2d-of-Income-Tax-Cooperative-Banks-Banking-Business-ITAT-TAXSCAN.jpg "Deduction u/s 80P(2)(d) of Income Tax Allowable to Cooperative Banks Doing Banking Business: ITAT [Read Order]")
![Sec 80P Deduction not available to a Co-operative Society having an Area of Operation in more than One Taluk: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Sec 80P Deduction not available to a Co-operative Society having an Area of Operation in more than One Taluk: ITAT [Read Order]")
A Co-operative Society registered as Primary Agricultural Credit Society is entitled to 80P Deduction: ITAT [Read Order]
While refusing the decision of Supreme Court Cochin bench of Income Tax Appellate Tribunal (ITAT) recently held that a co-operative society which is registered as a primary agricultural society is...
![A Co-operative Society registered as Primary Agricultural Credit Society is entitled to 80P Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Credit-Co-Operative-Society-Taxscan.jpg "A Co-operative Society registered as Primary Agricultural Credit Society is entitled to 80P Deduction: ITAT [Read Order]")
ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]
A division bench of the Hyderabad ITAT, while granting relief to M/s SBI Officers Coop. Credit Society Ltd, held that the society is eligible for deduction under Section 80P of the Income Tax Act,...
![ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/SBI.jpg "ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]")
Credit Co-Operative Society Providing Credit Facilities to its Members is Eligible for Sec 80P Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal Bangalore bench while dismissing revenues appeal recently ruled that Credit co-operative society engaged in providing credit facilities, etc., to its members is...
Interest Income from Nationalized Banks is Business Income, Eligible for 80-P Deduction: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income earned from nationalized banks shall be treated as business income for which deduction under Section 80P of...
![Interest Income from Nationalized Banks is Business Income, Eligible for 80-P Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Income-Taxscan.jpg "Interest Income from Nationalized Banks is Business Income, Eligible for 80-P Deduction: ITAT [Read Order]")
Making of a Claim which is not Sustainable in Law would not render Penal Liability: ITAT [Read Order]
The Income Tax Appellate Tribunal recently held that mere making of a claim which is not sustainable in law would not amount to furnishing of incorrect particulars for the purpose of levying penalty...
![Making of a Claim which is not Sustainable in Law would not render Penal Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Making of a Claim which is not Sustainable in Law would not render Penal Liability: ITAT [Read Order]")
Co-Operative Society providing Credit Facilities can Claim benefit of Section 80P If It has dealings with other Non-Members: ITAT [Read Order]
The Income Tax Appellate Tribunal, Bangalore bench proclaimed that exemption under section 80P of the Income Tax Act can be claimed by the co-operative society providing credit facilities provided...
![Co-Operative Society providing Credit Facilities can Claim benefit of Section 80P If It has dealings with other Non-Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Money-Laundering-Taxscan.jpg "Co-Operative Society providing Credit Facilities can Claim benefit of Section 80P If It has dealings with other Non-Members: ITAT [Read Order]")