{"id":26003,"date":"2022-03-27T11:13:46","date_gmt":"2022-03-27T05:43:46","guid":{"rendered":"https:\/\/itatonline.org\/digest\/potters-cottage-industrial-co-operative-society-ltd-v-ito-2021-90-itr-73-sn-bang-trib\/"},"modified":"2022-03-27T11:13:46","modified_gmt":"2022-03-27T05:43:46","slug":"potters-cottage-industrial-co-operative-society-ltd-v-ito-2021-90-itr-73-sn-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/potters-cottage-industrial-co-operative-society-ltd-v-ito-2021-90-itr-73-sn-bang-trib\/","title":{"rendered":"Potters Cottage Industrial Co-Operative Society Ltd. v. ITO (2021) 90 ITR 73 (SN) (Bang.)(Trib.)"},"content":{"rendered":"<p>Held that Members\u00a0 to be construed as per definition of Concerned Co-Operative Societies Act \u00a0Co-Operative Society. Matter remanded. Followed\u00a0 Mavilayi Service Co-Operative Bank Ltd. v. CIT (2021) 431 ITR\u00a0 1 (SC). Interest from investment in Co-Operative Societies eligible for deduction. Interest from any Bank which is not-Co-Operative Society is not\u00a0 eligible\u00a0 for deduction. (AY. 2015-16, 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies-Members  to be construed as per definition of Concerned Co-Operative Societies Act-Matter remanded-Interest from investment in Co-Operative Societies eligible for deduction-Interest from any Bank which is not-Co-Operative Society is not  eligible  for deduction. [S. 80P(2))(a), 80P(2)(d)]   <\/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-26003","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Lp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26003","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=26003"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26003\/revisions"}],"predecessor-version":[{"id":26004,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26003\/revisions\/26004"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}