Suvarnakarara Cooperative Society Limited Vs ITO (ITAT Panaji)
Case ke facts
Suvarnakarara Cooperative Society ne apne business ke liye Union Bank mein deposits dale the. Department ne is deposit ki interest income par deduction deny kiya.
Mudda (Issue)
Kya cooperative society ko business deposits par bank interest income par Section 80P deduction milega?
Faisla (Held)
ITAT ne bola Section 80P deduction allowed hai. Business chalane ke liye bank deposit par interest mila to ye eligible hai.
Practical takeaway
Cooperative societies agar business ke liye bank deposit karte hain to uska interest bhi Section 80P mein deduction milega. Sirf investment nahi, business wali deposit bhi count hogi.
Original report: taxguru.in
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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: 2026-10-09.