ITAT allows Deduction to Union Bank of India u/s 80P (2)(a)(i) for Dividends from Co-operative Bank Shares [Read Order]
The assessee, being a Co-operative Society, is eligible to claim a deduction under Section 80P (2) (a)(i) of the Income Tax Act for dividends received from Chennai Central Co-operative Bank.
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has allowed Union Bank of India to claim deduction under Section 80P (2) (a) (i) for dividends received from cooperative bank shares. The Union Bank of India Staff Co-op Thrift and Credit Society Limited, was a Multi-State Cooperative Society, registered under the Multi…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
