{"id":22530,"date":"2021-11-14T06:42:19","date_gmt":"2021-11-14T01:12:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-quepem-urban-co-operative-credit-society-ltd-2021-281-taxman-245-203-dtr-141-goa-bom-hc\/"},"modified":"2022-01-02T15:43:57","modified_gmt":"2022-01-02T10:13:57","slug":"pcit-v-quepem-urban-co-operative-credit-society-ltd-2021-281-taxman-245-203-dtr-141-goa-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-quepem-urban-co-operative-credit-society-ltd-2021-281-taxman-245-203-dtr-141-goa-bom-hc\/","title":{"rendered":"PCIT v. Quepem Urban Co-Operative Credit Society Ltd. (2021)  438 ITR 631 \/281 Taxman 245 \/ 203 DTR 141 (Goa) (Bom.) (HC)\/VPK Urban Co-Operative Credit Society Ltd. (2021) 438 ITR 631 \/ 203 DTR 141 \/ 281 Taxman 245  (Goa ) (Bom) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 since assessee had been registered as co-operative credit society and banking had never been its core activity. The assessee is eligible for deduction under section 80P(2)(a)(i) of the Act . (AY . 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies \u2013 Credit society &#8211; Credit facility to its members \u2013 Exemption allowable [ S.80P(2)(a)(i) ] S. 80P : Co-operative societies \u2013 Credit society &#8211; Credit facility to its members \u2013 Exemption allowable [ S.80P(2)(a)(i) ] <\/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-22530","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Ro","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22530","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=22530"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22530\/revisions"}],"predecessor-version":[{"id":23311,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22530\/revisions\/23311"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}