Case Law Details
Case Name : Nava Karnataka Souhard Credit Co-operative Limited Vs ITO (ITAT Bangalore)
Appeal Number : ITA No. 1428/Bang/2024
Date of Judgement/Order : 10/09/2024
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Bangalore
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Nava Karnataka Souhard Credit Co-operative Limited Vs ITO (ITAT Bangalore)
ITAT Bangalore held that the co-operative societies providing credit facilities to its members is entitled to deduction u/s 80P(2)(a)(i) of the Income Tax Act. Thus, income earned on account of providing credit facilities is allowable as deduction u/s. 80P(2)(a)(
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