{"id":17988,"date":"2021-05-10T16:55:49","date_gmt":"2021-05-10T11:25:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-daee-co-operative-t-and-c-society-2020-84-itr-42-sn-chennaitrib\/"},"modified":"2021-05-10T16:55:49","modified_gmt":"2021-05-10T11:25:49","slug":"acit-v-daee-co-operative-t-and-c-society-2020-84-itr-42-sn-chennaitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-daee-co-operative-t-and-c-society-2020-84-itr-42-sn-chennaitrib\/","title":{"rendered":"ACIT v. Daee Co-Operative T and C Society (2020) 84 ITR 42 (SN) (Chennai)(Trib.)"},"content":{"rendered":"<p>Assessee filing return for first time in response to notice under Section\u00a0148\u00a0 deduction of claim cannot be denied. Interest earned from funds belonging to members, deduction allowable. Relied \u00a0Chirakkal Service Co-Operative Bank Ltd. v. CIT(2016) 384 ITR 490 (Ker) (HC) <em>\u00a0<\/em>(AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies-Return filed  in response to notice under section 148-Deduction cannot be denied-Interest earned from funds belonging to members-Deduction allowable. [S. 80A(5), 80P(2)(a)(i), 147, 148]  <\/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-17988","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4G8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17988","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=17988"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17988\/revisions"}],"predecessor-version":[{"id":17989,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17988\/revisions\/17989"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}