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
ITAT Allows Deduction under Section 80P(2)(d) for Interest Income from Cooperative Banks
Appeal Against OrderIncome Tax
The ITAT allowed a deduction under Section 80P(2)(d) for interest income from cooperative banks. This decision clarifies the tax treatment of interest income from cooperative banks. It ensures that businesses are not unfairly penalized. This ruling underscores the need for clear guidelines on deductions. It emphasizes the importance of fair assessments. The ITAT's order protects the rights of taxpayers.
