This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Bangalore ITAT: Credit Co-op Society Entitled to Section 80P Deduction on Bank Interest
Case Law Details
- Case Name
- Kengal Credit Co-operative Society Limited Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Bangalore
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Kengal Credit Co-operative Society Limited Vs ITO (ITAT Bangalore)
Bangalore ITAT: Credit Co-operative Society Entitled to Full Section 80P Deduction on Bank Deposit Interest; Section 80P(4) Inapplicable
The Bangalore Bench of the ITAT allowed the appeals of Sri Kengal Credit Co-operative Society Ltd. for AYs 2018-19 and 2020-21, holding that the assessee, being a credit co-operative society providing credit facilities exclusively to its members, was entitled to deduction under Section 80P(2)(a)(i) on the entire interest income earned from deposits with co-operative and commercial banks. The T...
Author Info
