{"id":24952,"date":"2022-02-21T12:22:46","date_gmt":"2022-02-21T06:52:46","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-karnataka-state-co-op-apex-bank-ltd-2021-283-taxman-106-karn-hc\/"},"modified":"2022-10-16T05:18:45","modified_gmt":"2022-10-15T23:48:45","slug":"pcit-v-karnataka-state-co-op-apex-bank-ltd-2021-283-taxman-106-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-karnataka-state-co-op-apex-bank-ltd-2021-283-taxman-106-karn-hc\/","title":{"rendered":"PCIT v. Karnataka State Co-op. Apex Bank Ltd. (2021) 283 Taxman 106 \/ (2022)441 ITR 312   (Karn) (HC)  .Editorial : Order in  Karnataka State Co-Operative Apex Bank Ltd. v. Dy.CIT ( 2016) 46 ITR 728 ( Bang ) ( Trib) affirmed .Editorial: Notice issued in SLP of Revenue , PCIT v. Karnataka State Co-op Apex Bank. Ltd. (2022) 287 Taxman 186 \/ 113 CCH 186 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the amounts had been spent only out of statutory obligation, amount expended on funds will be allowable as deduction while computing income of assessee co-operative bank, even when said expenditure did not come under section 37(1) of the Act. (AY.\u00a0 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Statutory obligation-Contribution to common good fund-Special assistance fund-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-24952","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6us","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24952","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=24952"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24952\/revisions"}],"predecessor-version":[{"id":30174,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24952\/revisions\/30174"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}