{"id":62181,"date":"2026-07-18T15:29:07","date_gmt":"2026-07-18T09:59:07","guid":{"rendered":"https:\/\/itatonline.org\/digest\/west-bengal-state-co-operative-agri-and-rural-development-bank-ltd-v-acit-2025-132-itr-434-kol-trib\/"},"modified":"2026-07-18T15:29:07","modified_gmt":"2026-07-18T09:59:07","slug":"west-bengal-state-co-operative-agri-and-rural-development-bank-ltd-v-acit-2025-132-itr-434-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/west-bengal-state-co-operative-agri-and-rural-development-bank-ltd-v-acit-2025-132-itr-434-kol-trib\/","title":{"rendered":"West Bengal State Co-operative Agri and Rural Development Bank Ltd. v. ACIT (2025) 132 ITR 434 (Kol) (Trib.)"},"content":{"rendered":"<p style=\"margin: 0in;margin-bottom: .0001pt;text-align: justify;line-height: 150%\"><span lang=\"EN-IN\" style=\"font-family: &#039;Verdana&#039;,sans-serif\">The assessee, a co-operative society engaged in lending to its members and to primary co-operative agriculture and rural development banks, had its deduction under section 80P disallowed and Rs. 17,76,82,947 added as overdue interest by AO, which was upheld by the CIT(A). On appeal, the Tribunal, following its own decision in the assessee&#8217;s case for an earlier year, confirmed the disallowance of deduction under section 80P(2)(a)(i)\/(d) on interest from banks, personal loans and house building loans to employees, and on commission, miscellaneous and sundry income, holding these not attributable to the assessee&#8217;s business of lending to members, since employees were not members; held that no further expenses beyond those already claimed and allowed could be attributed to earning such interest and other income; rejected the assessee&#8217;s plea of lack of opportunity before CIT(A) as unsubstantiated; and remanded the issue of overdue interest on NPA to AO to examine and exclude such interest from income only if supported by statutory guidelines or AS, subject to the assessee demonstrating and quantifying the same. (AY.2013-14)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p> S. 80P : Co-operative societies  \u2013Interest income from fixed deposits with scheduled banks, personal loans to employees and house building loans not attributable to business of providing credit facilities to members-Deduction rightly denied-Commission, miscellaneous and sundry receipts not attributable to business of providing credit facilities-Deduction rightly denied. Income-Method of accounting-Overdue interest on non-performing assets-Income recognition-Matter remanded to exclude interest only if supported by statutory guidelines or accounting standards-Assessment-Income from other sources-Expenses against interest income-No further expenses allowable beyond those already claimed in computation of income-Disallowance confirmed Principles of natural justice-Alleged lack of opportunity before Commissioner (Appeals)-Appellate order passed after considering submissions-No violation was found.[S.4, 80P(2)(a)(1), 80P(2(d) 143(3), 250] <\/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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62181","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gaV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62181","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=62181"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62181\/revisions"}],"predecessor-version":[{"id":62182,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62181\/revisions\/62182"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}