ITAT Ahmedabad allows a co-operative society to deduct interest earned from co-operative bank deposits under Section 80P, clarifying its distinction from other bank types.
ITAT Ahmedabad deletes an addition made to a non-profit society’s income, ruling that an Assessing Officer cannot rely solely on an investigation report without corroborating evidence.
The ITAT has deleted a Rs. 4.67 crore addition to B. Chokshi Chem Pvt. Ltd.’s income, ruling that the sales were not bogus as the basis for the addition was unsubstantiated.
ITAT Ahmedabad ruled that a property’s valuation, once fixed by a Departmental Valuation Officer for a co-owner, must be applied to other co-owners of same property.
Understand the rules of private placement under the Companies Act, 2013, including the 200-person limit, procedures, and penalties for non-compliance. Learn how companies can raise capital from a select group of investors.
ITAT Cochin allows Section 80P deduction for a Primary Agricultural Credit Cooperative Society, applying the Supreme Court’s Mavilayi ruling and overruling earlier decisions.
The ITAT Cochin rules that additions enhancing business income for a Primary Agricultural Credit Cooperative Society are eligible for deduction under Section 80P.
Compare Accounting Standard 17 (AS 17) and Ind AS 108 (Operating Segments). Learn about their differences in reporting methodology, disclosure requirements, and global alignment.
