{"id":18352,"date":"2021-05-17T14:41:06","date_gmt":"2021-05-17T09:11:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/thota-uthpannagala-marata-sahakara-sangha-niyamitha-v-dy-cit-2021-86-itr-134-bang-trib\/"},"modified":"2021-05-17T14:41:06","modified_gmt":"2021-05-17T09:11:06","slug":"thota-uthpannagala-marata-sahakara-sangha-niyamitha-v-dy-cit-2021-86-itr-134-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/thota-uthpannagala-marata-sahakara-sangha-niyamitha-v-dy-cit-2021-86-itr-134-bang-trib\/","title":{"rendered":"Thota Uthpannagala Marata Sahakara Sangha Niyamitha v. Dy.CIT (2021) 86 ITR 134 (Bang.)(Trib.)"},"content":{"rendered":"<p>Allowing the appeal the Tribunal held that the amount invested by the assessee with PG bank was neither a sum due to any member nor a liability. It was money temporarily parked with PG bank to maintain the overdraft limit available to the assessee with M bank. The interest earned partook of the character of business income attributable to carrying on the business of banking and was eligible for deduction under section 80P. (AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies-Banking facilities to members-Income attributable to carrying on business of  banking-Deduction allowable. [S. 80P(2)(a), 80P(2)(a)(iii), 80P(2)(a)(vi)] <\/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-18352","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4M0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18352","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=18352"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18352\/revisions"}],"predecessor-version":[{"id":18353,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18352\/revisions\/18353"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=18352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=18352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}