{"id":28245,"date":"2022-07-09T14:54:25","date_gmt":"2022-07-09T09:24:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-peroorkada-service-co-operative-bank-ltd-2022-442-itr-141-ker-hc-pcit-v-vilappil-service-co-operative-bank-ltd-2022-442-itr-141-ker-hc\/"},"modified":"2023-02-05T18:02:51","modified_gmt":"2023-02-05T12:32:51","slug":"pcit-v-peroorkada-service-co-operative-bank-ltd-2022-442-itr-141-ker-hc-pcit-v-vilappil-service-co-operative-bank-ltd-2022-442-itr-141-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-peroorkada-service-co-operative-bank-ltd-2022-442-itr-141-ker-hc-pcit-v-vilappil-service-co-operative-bank-ltd-2022-442-itr-141-ker-hc\/","title":{"rendered":"PCIT v. Peroorkada Service Co-Operative Bank Ltd. (2022) 442 ITR 141\/ 217 DTR 246 \/ 328 CTR 443(Ker.)(HC) PCIT v. Vilappil Service Co-Operative Bank Ltd. (2022) 442 ITR 141\/ 217 DTR 246\/ 328 CTR 443 (Ker.)(HC)"},"content":{"rendered":"<p>Held that interest earned from deposits in other Co-Operative Banks is\u00a0 entitled to\u00a0 deduction and interest on deposits in Treasury is\u00a0 not entitled to\u00a0 deduction. Referred <em>\u00a0<\/em>Mavilayi\u00a0 Service Co-Operative Bank Ltd. v. CIT (2021) 431 ITR 1 (SC). (AY.2011-12, 2013-14, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies-Interest earned from deposits in other Co-Operative Banks-Entitled to  deduction-Interest on deposits in Treasury-Not entitled to  deduction. [S. 80P(2)(a)(i), 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-28245","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7lz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28245","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=28245"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28245\/revisions"}],"predecessor-version":[{"id":32486,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28245\/revisions\/32486"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}