When 80P Meets Bank Interest: Nagpur ITAT Reaffirms the View on allowability of deduction of credit cooperative societies A decade-old argument finds fresh acceptance in three cooperative society cases For cooperative credit societies, interest earned on bank deposits has been a recurring tax controversy. The Assessing Officer often sees an FDR and immediately…
The post When 80P Meets Bank Interest: Nagpur ITAT Reaffirms the View on allowability of deduction of credit cooperative societies appeared first on The Tax Talk.
