This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Co-op Society cannot claim Section 80P(2)(d) deduction on interest from Regional Rural Bank deposits
Case Law Details
- Case Name
- Vidhyut Board Credit & Consumers Co-operative Society Limited Vs ACIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Vidhyut Board Credit & Consumers Co-operative Society Limited Vs ACIT (ITAT Ahmedabad)
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, delivered a ruling in the case of Vidhyut Board Credit & Consumers Co-operative Society Limited regarding its eligibility for deductions under Section 80P of the Income Tax Act, 1961, on interest income earned from bank deposits. The main issue was whether a Co-operative Society can claim a deduction on interest earned from fixed deposits held with a Regional Rural Bank (RRB) and a State Bank of India (SBI) branch.
Factual Ma...
Author Info
