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Section 80P Deduction Not Denied Solely for Having Associate Members: ITAT Bangalore
Case Law Details
- Case Name
- Anathapadmanabha Credit Cooperative Society Ltd. Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Bangalore
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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 Act), provided credit facilities to members & claimed deducti...




