ITAT Bangalore rules on Tumkur City Credit Society vs ITO, confirming eligibility for deduction u/s 80P(2)(d) of the Income Tax Act. Case remitted to AO for review.
ITAT Bangalore rules interest income from SBI investments not eligible for deduction under Section 80P. Full analysis of Farmers Coop Society vs ITO case.
Read the detailed analysis of Laxminarayana Suvarna Credit Co-operative Society Ltd. Vs ITO (ITAT Bangalore) on the eligibility of interest income from KDCC Bank for deduction under Section 80P(2)(a)(i) of the Income Tax Act.
Kotekar Vyavasaya Seva Sahakara Vs ACIT (ITAT Bangalore) Co-operative societies providing credit facilities to its members is entitled to deduction u/s 80P(2)(a)(i) of Income Tax Act.
Learn about the ITAT Bangalore ruling allowing deduction claims for interest earned from credit facilities extended to members by Chokkadi Vyavasaya Seva Sahakari Bank.
Detailed analysis of Karnataka State Co-operative Agriculture and Rural Development Bank Ltd. vs. ITO case. Interest/Dividend income from co-operative society investments eligible for deduction u/s 80P(2) of the Income Tax Act.
Ex-parte order quashed & restored back to AO. Illiterate and agriculturist assessee’s appeal considered. Detailed analysis of the case.
ITAT Bangalore rules in favor of Sullia Taluk Women’s Cooperative Society Ltd, allowing 80P(2)(a)(i) deduction for interest from member loans, including nominal members.
ITAT Bangalore dismisses valuation of bonus shares under Income Tax Act sec. 55(2)(aa)B. Detailed analysis of Zash Traders vs ACIT case. Read full order.
Discover the ITAT Bangalore ruling on IBM Canada Limited vs. DCIT, where salary reimbursements of seconded employees were deemed non-taxable as fees for technical services.
