{"id":35667,"date":"2023-08-24T15:52:21","date_gmt":"2023-08-24T10:22:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/steel-authority-of-india-employees-co-operative-credit-society-ltd-v-acit-2022-96-itr-599-kol-trib\/"},"modified":"2023-08-24T15:52:21","modified_gmt":"2023-08-24T10:22:21","slug":"steel-authority-of-india-employees-co-operative-credit-society-ltd-v-acit-2022-96-itr-599-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/steel-authority-of-india-employees-co-operative-credit-society-ltd-v-acit-2022-96-itr-599-kol-trib\/","title":{"rendered":"Steel Authority of India Employees\u2019 Co-Operative Credit Society Ltd. v. ACIT (2022) 96 ITR 599 (Kol.)(Trib.)"},"content":{"rendered":"<p>The Tribunal held that the assessee was covered by the Central Board of Direct Taxes Circular No. 18 of 2015 ([2015)\u00a0 378 ITR (St.) 39), viz., co-operative societies and banks. The assessee was a cooperative society which was engaged in the business of providing financial assistance to its members and was eligible for deduction under section\u00a080P\u00a0of the Act. The provisions of section\u00a014A\u00a0could not be applied to the assessee co-operative society, and accordingly, the Assessing Officer was directed to delete the disallowance made under section\u00a014A\u00a0of the Act. (AY.\u00a0 2008-09, 2012-13 to 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Co-Operative  Society-Provision is not applicable. [S.80P]  <\/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-35667","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9hh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35667","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=35667"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35667\/revisions"}],"predecessor-version":[{"id":35668,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35667\/revisions\/35668"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}