Case Law Details
Case Name : Kedambady Keyyur Primary Agricultural Co-operative Society Ltd. Vs ITO (ITAT Bangalore)
Related Assessment Year : 2017-18 & 2018-19
Courts :
All ITAT ITAT Bangalore
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Keyyur Primary Agricultural Co-operative Society Ltd. Vs ITO (ITAT Bangalore)
In a recent landmark decision, the Income Tax Appellate Tribunal (ITAT) provided essential clarity on the eligibility of cooperative societies to claim deductions under Section 80P(2)(d) of the Income Tax Act. This ruling emerged from the case titled “Keyyur Primary Agricultural Co-operative Society Ltd. Vs ITO,” heard by the ITAT Bangalore, addressing the assessment years 2017-18 and 2018-19. The central focus of the case was the interest income earned by a cooperative society on investments held with a ...
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above article is informative resourceful for cooperative employees