Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Interest Earned from Savings Account in Co-operative Bank cannot be treated as Income or Dividend from Investment: ITAT
Income Tax
The ITAT ruled that interest earned from a savings account in a cooperative bank cannot be classified as income or dividends from investments. The tribunal clarified that such interest is treated as regular income and not eligible for investment-related tax benefits under Section 80P of the Income Tax Act.
