{"id":22524,"date":"2021-11-14T06:34:27","date_gmt":"2021-11-14T01:04:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/karnataka-state-co-op-apex-bank-ltd-v-dy-cit-2021-281-taxman-2-karn-hc-karnataka-state-co-op-apex-bank-ltd-v-dy-cit-2021-281-taxman-2-karn-hc\/"},"modified":"2022-02-09T06:56:24","modified_gmt":"2022-02-09T01:26:24","slug":"karnataka-state-co-op-apex-bank-ltd-v-dy-cit-2021-281-taxman-2-karn-hc-karnataka-state-co-op-apex-bank-ltd-v-dy-cit-2021-281-taxman-2-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/karnataka-state-co-op-apex-bank-ltd-v-dy-cit-2021-281-taxman-2-karn-hc-karnataka-state-co-op-apex-bank-ltd-v-dy-cit-2021-281-taxman-2-karn-hc\/","title":{"rendered":"Karnataka State Co-op. Apex Bank Ltd v. Dy. CIT (2021) 281 Taxman 2  \/ 207 DTR 351\/ 323 CTR 730 (Karn.)"},"content":{"rendered":"<p>Allowing the appeal the Court held that monetary incentive provided to its members is allowable as deduction . Referred Circular No 117\u00a0 dated 22-8 -1973 .\u00a0 ( AY. 2009-10 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure &#8211;  Monetary incentive to its members \u2013 Allowable as deduction <\/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-22524","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Ri","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22524","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=22524"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22524\/revisions"}],"predecessor-version":[{"id":24780,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22524\/revisions\/24780"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}