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1 result for “penalty u/s 271”+ Section 36(1)(VA)clear

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Key Topics

Section 80P(2)(a)3Section 80P(2)(d)2

INCOME-TAX OFFICER, WARD-7(2)(1), BENGALURU, BENGALURU vs. M/S. BANGALORE CREDIT CO-OPERATIVE SOCIETY LIMITED, BENGALURU

In the result both the appeals of the Revenue as well as\nCos of the Assessee for the Asst

ITA 2347/BANG/2024[2018-19]Status: DisposedITAT Bangalore30 Jun 2025AY 2018-19
Section 250Section 80PSection 80P(2)(a)Section 80P(2)(d)

Va Totgar's Co-operative Sale Society Limited. Sirsi in ITA No. 100066 of\n2016 dated 16.06.2017, wherein it was held that the income by way of interest earned\nfrom deposits and investments of surplus funds does not change its character\nirrespective of whether such interest is earned from the scheduled banks or the co-\noperative banks and thus clause