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ITAT Mumbai order

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The ITAT Mumbai has ruled that co-operative housing societies can claim deduction under Section 80P(2)(d) on interest earned from deposits with co-operative banks, offering significant tax relief and settling a long-standing dispute.

Big Relief for Housing Societies: ITAT Mumbai Allows Deduction on Interest from Co-operative Banks

The ITAT Mumbai has ruled that co-operative housing societies can claim deduction under Section 80P(2)(d) on interest earned from deposits with co-operative banks, offering significant tax relief and settling a long-standing dispute.
Mumbai builders rely on the Percentage Completion Method to recognise revenue yearly as projects progress. In a recent ITAT ruling, Supreme Mega Construction LLP won a ₹6.33 crore tax battle, with the Tribunal confirming correct application of ICAI guidelines...

How Mumbai Builders Report Profits: The Percentage Completion Method Explained – With a Real Case Study

Mumbai builders rely on the Percentage Completion Method to recognise revenue yearly as projects progress. In a recent ITAT ruling, Supreme Mega Construction LLP won a ₹6.33 crore tax battle, with the Tribunal confirming correct application of ICAI guidelines…