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ITAT allows section 80P(2)(d) deduction for interest income earned from cooperative banks
Case Law Details
- Case Name
- Totgars Co-operative Sale Society Ltd. Vs ACIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16-2018-19
- Courts
- All ITAT, ITAT Bangalore
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Table of Contents▸
Totgars Co-operative Sale Society Ltd. Vs ACIT (ITAT Bangalore)
Background and Legal Context
Assessment and Appeal Proceedings
Issues and Arguments
ITAT's Decision
Conclusion
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Totgars Co-operative Sale Society Ltd. Vs ACIT (ITAT Bangalore)
The case of Totgars Co-operative Sale Society Ltd. vs. ACIT revolves around the interpretation and application of Section 80P(2)(d) of the Income Tax Act, 1961, concerning the eligibility of cooperative societies to claim deductions on interest income earned from cooperative banks.
Background and Legal Context...
Author Info
