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Case Law Details

Case Name : Anathapadmanabha Credit Cooperative Society Ltd. Vs ITO (ITAT Bangalore)
Related Assessment Year : 2016-17
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Anathapadmanabha Credit Cooperative Society Ltd. Vs ITO (ITAT Bangalore)

Nominal & Associate Members Don’t Bar Section 80P Deduction – ITAT Sends Back for Verification Under KCS Act Limits

Interest on Statutory FDs with Co-op Bank Eligible for 80P Relief – Subject to Verification of Mandatory Deposit Rule

AO Can Verify Membership Composition for 80P, But Cannot Question Validity of Co-op Registration

Assessee, a co-operative society registered under the Karnataka Co-operative Societies Act, 1959 (KCS

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CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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