Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Claim u/s 80P(2)(a)(i) disallowed - Banking license from RBI not ...

Income Tax

November 8, 2014

Claim u/s 80P(2)(a)(i) disallowed - Banking license from RBI not possessed by assessee - If licence is not obtained it may be an illegal banking business under the other statute - deduction u/s 80P allowed - AT

View Source

 


 

You may also like:

  1. Cancellation of licence of the CKP Co-operative Bank Limited to carry on the banking business in India - The RBI has rightly exercised its powers and had complied with...

  2. Amendment of section 58 - RESERVE BANK OF INDIA ACT, 1934 - consequential provisions

  3. Amendment of Preamble - AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934

  4. Amendment of section 2 - definition to various terms inserted - AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934

  5. Section 197A of the income-tax Act, 1961 - No TDS if payment is made to a bank listed in the Second Schedule to the Reserve Bank of India Act, 1934 - Notification

  6. Deduction u/s 80P - The RBI cancelled the license w.e.f. 30.10.2003. Thus, the assessee is neither a State Cooperative Society nor it is a Bank under the Banking...

  7. Deduction u/s 80P(2)(i) - the assessee is not a recognized bank as per the provision of RBI and there is a difference between the Co-operative bank and in the Credit...

  8. Claiming deduction under Section 80 P(2) (a) (i) - The view expressed by this court as to the assessee being a co-operative society and not a co-operative bank in terms...

  9. Interpretation of statute - whether Non Banking Financial Companies (NBFC) regulated by the Reserve Bank of India, in terms of the provisions of Chapter IIIB of the...

  10. Disallowing the challan paid in the name of one employee & disallowing the subvend fee paid - CIT-A deleted the addition - as submitted assessee has obtained liquor vend...

 

Quick Updates:Latest Updates