{"id":17465,"date":"2021-05-01T14:48:12","date_gmt":"2021-05-01T09:18:12","guid":{"rendered":"https:\/\/itatonline.org\/digest\/s-1911-an-pudur-paccs-v-pcit-no-2-2021-431-itr-583-mad-hc\/"},"modified":"2021-05-01T14:48:12","modified_gmt":"2021-05-01T09:18:12","slug":"s-1911-an-pudur-paccs-v-pcit-no-2-2021-431-itr-583-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/s-1911-an-pudur-paccs-v-pcit-no-2-2021-431-itr-583-mad-hc\/","title":{"rendered":"S 1911 An Pudur Paccs v. PCIT (NO. 2) (2021) 431 ITR 583 (Mad) (HC)"},"content":{"rendered":"<p>Court held, that the Tribunal was not right in holding that (i) the assessee was a co-operative bank and therefore not entitled for deduction under section\u00a080P\u00a0, (ii) the provisions of section\u00a080P(4)\u00a0was applicable to the assessee, and (iii) the principles of mutuality was not present and therefore, the assessee was not eligible for deduction under section\u00a080P(2)(a)(i)\u00a0.( AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies &#8211; Banking business \u2014Eligible for deduction.  [ S.80P(2)(a)(i),80P(4)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-17465","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4xH","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=17465"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17465\/revisions"}],"predecessor-version":[{"id":17466,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17465\/revisions\/17466"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}