{"id":44372,"date":"2024-07-16T10:58:07","date_gmt":"2024-07-16T05:28:07","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pathare-prabhu-co-operative-housing-society-ltd-v-ito-2023-202-itd-464-mum-trib\/"},"modified":"2024-07-16T10:58:07","modified_gmt":"2024-07-16T05:28:07","slug":"pathare-prabhu-co-operative-housing-society-ltd-v-ito-2023-202-itd-464-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pathare-prabhu-co-operative-housing-society-ltd-v-ito-2023-202-itd-464-mum-trib\/","title":{"rendered":"Pathare Prabhu Co-operative Housing Society Ltd. v. ITO (2023) 202 ITD 464 (Mum) (Trib.)"},"content":{"rendered":"<p>Held that mandate of section 80P(4) is to deny benefit of section 80P to co-operative banks and not to other co-operative societies investing their funds in co-operative banks.\u00a0 Since assessee was a Co-Operative Housing Society duly registered under Maharashtra Co-operative Societies Act, 1960, under which it was required to invest or deposit funds in District Central Co-operative Bank or State Co-operative Bank, provisions of section 80P(4) could not be made applicable. Entitle to deduction.\u00a0 (AY. 2017-18, 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies-Interest income from investments made in various Co-operative Banks-Entitle to deduction. [S. 80P(2)(d), 80P(4)] <\/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-44372","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bxG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44372","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=44372"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44372\/revisions"}],"predecessor-version":[{"id":44373,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44372\/revisions\/44373"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}