Urgent interim relief exception permits commercial suit without pre-institution mediation where immediate disclosure and asset protection are genuinel...
Portal order discrepancies invalidated rectification rejection, requiring fresh reasoned consideration after hearing and prompt communication of the o...
Disallowance of deduction(s) u/s 80P - interest income from the investments made in co-operative/other bank(s) - The tribunal analyzed Sec. 80P(2)(d) and determined that interest income derived by a cooperative society from investments made with any other cooperative society is eligible for deduction. Despite an amendment excluding co-operative banks from Sec. 80P benefits, the tribunal held that as long as the interest income is derived from investments with a cooperative bank, the deduction is permissible.
Disallowance of deduction(s) u/s 80P - interest income from the investments made in co-operative/other bank(s) - The tribunal analyzed Sec. 80P(2)(d) and determined that interest income derived by a cooperative society from investments made with any other cooperative society is eligible for deduction. Despite an amendment excluding co-operative banks from Sec. 80P benefits, the tribunal held that as long as the interest income is derived from investments with a cooperative bank, the deduction is permissible.
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