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 Income Earned From Deposits With Co-Operative Banks Shall Be Allowed As Deduction U/s 80P(2)(D): Ahmedabad ITAT
Financial PlanningIncome Tax
The Ahmedabad ITAT has ruled on the deductibility of interest income from deposits in co-operative banks under Section 80P(2)(d) of the Income Tax Act. The decision impacts how such income is treated for tax purposes, affecting the benefits available to co-operative banks and their members regarding tax deductions.
