J&K&L HC: Delay in Executing Preventive Detention on Unsubstantiated Medical Ground Makes it Invalid  ||  Delhi HC Allows AITA Results For Interim Management and Directs Fresh Elections Under New Sports Law  ||  J&K&L HC: Preventive Detention U/S 129 BNSS During Proceedings Must Satisfy Strict Legal Standards  ||  Gujarat HC: Firing in Air at a Wedding Without Intent to Harm Does Not Amount to Attempt to Murder  ||  Bom HC: Developers’ Profit Rights in Redevelopment Cannot Override Members’ Right to Safe Housing  ||  Supreme Court: Joint Accused Statements are Admissible Only When They Result in Distinct Discoveries  ||  SC to Ex-MLA in Money Laundering Case: Duped Homebuyer Must be Safeguarded First, then Consider Bail  ||  Supreme Court: Right to a Speedy Trial Cannot Override NDPS Act Bail Conditions  ||  SC: Relatives Cannot be Implicated in Bigamy Solely Based on Knowledge of a Second Marriage  ||  Supreme Court: Service Inam Land Attached to a Mosque Constitutes Waqf Property and is Inalienable    

ITAT, Mumbai: Interest on Investments in Co-operative Bank Eligible for Deduction - (24 Feb 2020)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest income earned by a co-operative society on its investments held with a co-operative bank would be eligible for claim of deduction under Section 80 P (2) (d) of the Income Tax Act, 1961.

Tags : INCOME TAX APPELLATE TRIBUNAL   INTEREST ON INVESTMENTS IN CO-OPERATIVE BANK  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved