ITO Vs Dhanshri Multi State Co-operative Credit Society Ltd. (ITAT Pune)
Case ke facts
Society ka business tha credit facility chalana. Unhone ₹4.35 crore ka interest income dikhaya. Department ne bola ki Section 80P(4) ki wajah se deduction nahi milega kyunki banking license nahi tha.
Mudda (Issue)
Kya bina RBI banking license ke society ko 80P deduction mil sakti hai?
Faisla (Held)
ITAT ne bola ki 80P(4) sirf un societies par lagu hai jinke paas actual banking license ho. Normal cooperative credit society ko deduction milni chahiye.
Practical takeaway
Agar aapki cooperative credit society ke paas RBI banking license nahi hai, to aap interest income par 80P deduction confidently claim kar sakte ho.
Original report: TaxGuru
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Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-10-19.