This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Interest & Other Income Attributable to Business eligible for Section 80P(2)(a)(i) Deduction
Case Law Details
- Case Name
- Lalitamba Pattina Souharda Sahakari Niyamita Vs ITO (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All High Courts, Karnataka High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Lalitamba Pattina Souharda Sahakari Niyamita Vs ITO (Karnataka High Court)
Karnataka High Court has set aside the Income Tax Appellate Tribunal’s (ITAT) decision in the case of Lalitamba Pattina Souharda Sahakari Niyamita v. ITO and remanded the matter to the Assessing Officer (AO) for reconsideration. The case pertains to the denial of deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, on interest income earned from fixed deposits by a cooperative society. The court noted that the Tribunal failed to distinguish between deductions under Sections 80P(2)(a)(i) and 80P(2)(d) and ...
Author Info
