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Interest Income Earned From Co-Operative/ Scheduled Bank Eligible For Deduction U/s 80P(2): Pune ITAT

Relying on decisions of Supreme Court and High Court, the Pune ITAT directed the AO to allow the deduction u/s 80P(2)(a)(i) and 80P(2)(d) of Income Tax Act, 1961 in respect of interest income earned. ....

Inturi Rama Rao , Supreme Court , High Court , Kolhapurd Cc Bank , Income Tax Act , Accountant Member , Pune Itat , Interest Income , Income Tax Deduction , Co Operative Bank , Income Tax Act ,

Investments In Mutual Funds Not A Basis To Conclude Activities Of Trust Are Not Genuine: Pune ITAT Restores Registration U/S 12A

On finding that entire proceeding was based on the covenants of the trust deed but not on the actual activities carried out by the appellant trust, the Pune ITAT set aside the order passed by CIT(E). ....

Inturi Rama Rao , Percy Pardiwala , Partha Sarathi Chaudhury , Institute Management Committee Of Industrial Training , Income Tax Act , Judicial Member , Accountant Member , Institute Management Committee , Industrial Training Institute , Pune Itat , Mutual Funds Investment , Trust Registration , Ection 12a Income Tax Act ,

Assessee Resorts To Colourable Devices, Sham Transactions To Defraud Dept: ITAT

The Panaji Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessee had resorted to colourable devices and sham transactions in order to defraud the Department by camouflaging its. ....

Inturi Rama Rao , Partha Sarathi Chaudhury , Panaji Bench , Income Tax Appellate Tribunal , Judicial Member , Accountant Member , Income Tax Act , Assessing Officer , For Appellant , Olourable Devices , Sham Transactions ,