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Nominal & Associate Members Do Not Invalidate Section 80P Deductions: ITAT Panaji
Case Law Details
- Case Name
- Akshaya Co-Op Credit Society Limited Vs ITO (ITAT Panaji)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Panaji
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Akshaya Co-Op Credit Society Limited Vs ITO (ITAT Panaji)
Panaji ITAT Delivers Landmark 36-Page Order: Wide Relief to 29 Co-op Credit Societies on 80P Deductions- 80P Litigation Simplified: Nominal Members, Co-op Bank Interest & Souharda Status—ITAT Grants Major Relief
A batch of 29 appeals by various Co-operative Credit/Souharda Societies covering Goa, Karwar, Belgaum & Nippani were clubbed together as the issues were common & identical, mainly concerning denial of deductions u/s 80P(2)(a)(i) & 80P(2)(d) & additions u/s 68 for demonetization cash deposit...
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