{"id":51382,"date":"2025-02-24T17:05:23","date_gmt":"2025-02-24T11:35:23","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kolhapur-district-central-co-operative-bank-kanista-sevakanchi-sahakar-pat-sanstha-ltd-v-ito-2024113-itr-269-punetrib\/"},"modified":"2025-02-24T17:05:23","modified_gmt":"2025-02-24T11:35:23","slug":"kolhapur-district-central-co-operative-bank-kanista-sevakanchi-sahakar-pat-sanstha-ltd-v-ito-2024113-itr-269-punetrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kolhapur-district-central-co-operative-bank-kanista-sevakanchi-sahakar-pat-sanstha-ltd-v-ito-2024113-itr-269-punetrib\/","title":{"rendered":"Kolhapur District Central Co-Operative Bank Kanista Sevakanchi Sahakar Pat Sanstha Ltd. v. ITO (2024)113 ITR 269 (Pune)(Trib)"},"content":{"rendered":"<p>Allowing the appeal the Tribunal held that the interest income earned by the co-operative society on deposits made out of surplus funds with co-operative banks as well as scheduled banks qualified for deduction both under the provisions of section\u00a080P(2)(a)(i)\u00a0and section\u00a080P(2)(d)\u00a0of the Act. The Assessing Officer was directed to allow the deduction under section\u00a080P(2)(a)(i)\u00a0and\u00a080P(2)(d)\u00a0in respect of interest income earned from co-operative bank\/scheduled bank.\u00a0 (AY.2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P : Co-operative societies-Deposits made out of surplus funds with Co-Operative Banks and scheduled Banks-Entitled to deduction of interest.[S.80P(2)(a)(i), 80P(2(d), Maharashtra Co-operative Societies Act, 1960,]  <\/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-51382","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dmK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51382","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=51382"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51382\/revisions"}],"predecessor-version":[{"id":51383,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51382\/revisions\/51383"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}