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 rules Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d) of Income Tax Act
BankingIncome Tax
The ITAT ruled that interest income from cooperative banks is eligible for deduction under Section 80P(2)(d) of the Income Tax Act. The case involved an assessee claiming deduction for interest earned from deposits in cooperative banks. The tribunal upheld the claim, providing clarity on the eligibility of such deductions.
