Theorem 1
Tag 04IS, permanent. Cite it as [Bourbaki, Tag 04IS].
Commutative Algebra, chapter III, § 5. Flatness properties of filtered modules
Let A be a commutative ring, an ideal of A and M an A-module. Consider the following properties: (i) M is afat A-module. (ii) for every A-module N annihilated by . (iii) is ajlat -module and the canonical mapping is bijective (the latter condition being equivalent to by virtue of the relation and the exact sequence
(iv) is ajlat -module and the canonical homomorphism
is bijective (property (GR) of § 2, no. 8). (v) For all , is a flat -module. Then (i) (ii) (iii) (iv) (v). If further is nilpotent or if A is Noetherian and M is ideally Hausdorff, properties (i), (ii), (iii), (iv) and (v) are equivalent.
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.