{"id":30504,"date":"2022-10-25T11:27:13","date_gmt":"2022-10-25T05:57:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/m-p-state-cooperative-marketing-federation-ltd-v-acit-2022-216-ttj-493-211-dtr-370-indoretrib\/"},"modified":"2022-10-25T11:27:13","modified_gmt":"2022-10-25T05:57:13","slug":"m-p-state-cooperative-marketing-federation-ltd-v-acit-2022-216-ttj-493-211-dtr-370-indoretrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/m-p-state-cooperative-marketing-federation-ltd-v-acit-2022-216-ttj-493-211-dtr-370-indoretrib\/","title":{"rendered":"M. P. State Cooperative Marketing Federation Ltd. v. ACIT (2022) 216 TTJ 493 \/ 211 DTR 370 (Indore)(Trib.)"},"content":{"rendered":"<p>The Act does not provide any specific definition of &#8220;godown&#8221; and &#8220;warehouse&#8221;, nor is there a requirement for the structure to be permanent. The definitions in other laws observe that even a protected place or protected enclosure used for storing commodities is also a &#8220;warehouse&#8221;. Considering the definition, the Tribunal noted that the CAP storage might not be a permanent structure but included within the &#8220;warehouses&#8221; definition. Section 80P is a beneficial provision, and the purpose is to incentivize the warehousing activity of co-operative societies. Hence, the deduction exemption under section 80P is allowable (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies-letting of &#8220;godowns&#8221; or &#8220;warehouses&#8221;-CAP storage-Considered a warehouse-Income from letting of CAP storage is eligible deduction. [S. 80P(2)(e)] <\/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_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":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-30504","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7W0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30504","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=30504"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30504\/revisions"}],"predecessor-version":[{"id":30505,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30504\/revisions\/30505"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}