{"id":4144,"date":"2019-03-01T07:59:08","date_gmt":"2019-03-01T07:59:08","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ito-v-edanad-kannur-scb-ltd-2018-64-itr-17-sn-cochin-trib\/"},"modified":"2019-03-01T07:59:08","modified_gmt":"2019-03-01T07:59:08","slug":"ito-v-edanad-kannur-scb-ltd-2018-64-itr-17-sn-cochin-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-edanad-kannur-scb-ltd-2018-64-itr-17-sn-cochin-trib\/","title":{"rendered":"ITO v. Edanad Kannur SCB Ltd . (2018) 64 ITR 17 (SN) (Cochin) (Trib)"},"content":{"rendered":"<p>Tribunal held that ;primary Agricultural Credit Society registered as such under kerala co-operative societies act, 1969\u00a0 is\u00a0 not a banking company. Accordingly entitled to deduction .The Assessing Officer was not competent and did not possess the jurisdiction to resolve or decide the issue whether the assessee was a primary agricultural credit society or a co-operative bank within the meaning assigned to it under the provisions of the Banking Regulation Act and to take a contrary view especially in view of the Explanation provided after clause (ccvi) of section\u00a05\u00a0read with section\u00a056\u00a0of the\u00a0Banking Regulation Act\u00a0.(AY.2007-08 to 2009-10, 2011-12 to 2013-14\u00a0)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies -Primary Agricultural Credit Society registered as such under kerala co-operative societies act, 1969  is  not a banking company \u2014 Entitled to deduction  [ S..80P(2)(a)(i)<\/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":[1],"tags":[],"class_list":["post-4144","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-14Q","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4144","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=4144"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4144\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}