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Interest Income Earned By A Co-Operative Society Eligible For Deduction: ITAT

Interest Income Earned By A Co-Operative Society Eligible For Deduction: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that interest income earned by a co-operative society on its investments held with co-operative banks would be eligible for claim of...

22 Jan 2023 4:30 AM GMT
Company’s Income Cannot Be Assessed Under ‘Salary’: ITAT

Company’s Income Cannot Be Assessed Under ‘Salary’: ITAT

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that since the assessee is a company, its income cannot be assessed under the heading "salary."The bench of K. Narasimha Chary...

21 Jan 2023 9:00 AM GMT