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Co-op Society eligible to Section 80P Deduction on Interest from Co-op Bank

Case Law Details

Case Name : Paisafund Gramin Bigar Sheti Sahakari Pat Sanstha Maryadit Vs ITO (ITAT Pune)
Related Assessment Year : 2018-19
Courts : All ITAT ITAT Pune
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Paisafund Gramin Bigar Sheti Sahakari Pat Sanstha Maryadit Vs ITO (ITAT Pune)

A cooperative society, registered under the Maharashtra Co-operative Societies Act, 1960, and engaged in providing credit facilities and accepting deposits from its members, has successfully appealed against a disallowance of deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961. The appeal, filed against an order by the National Faceless Appeal Centre (NFAC), Delhi, concerned the assessment year 2018-19.

The appellant had filed its inco

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Name: CA Saurabh Jadhav
Qualification: CA in Job / Business
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Location: Pune, Maharashtra, India
Member Since: 10 Feb 2025 | Total Posts: 26
Dynamic and detail-oriented Chartered Accountancy professional with expertise in Direct Taxation, Income Tax Litigation, and Tax Compliance. I bring over three years of comprehensive experience through my articleship at Kirtane & Pandit LLP, Pune, where I excelled in: ➡️Managing scrutiny View Full Profile

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