{"id":64505,"date":"2026-09-07T12:05:54","date_gmt":"2026-09-07T06:35:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sikkim-state-cooperative-supply-marketing-federation-ltd-v-dcit-2025-181-taxmann-com-494-2026-348-ctr-122-sikkimhc\/"},"modified":"2026-09-07T12:05:54","modified_gmt":"2026-09-07T06:35:54","slug":"sikkim-state-cooperative-supply-marketing-federation-ltd-v-dcit-2025-181-taxmann-com-494-2026-348-ctr-122-sikkimhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sikkim-state-cooperative-supply-marketing-federation-ltd-v-dcit-2025-181-taxmann-com-494-2026-348-ctr-122-sikkimhc\/","title":{"rendered":"Sikkim State Cooperative Supply &#038; Marketing Federation Ltd. v. DCIT [2025] 181 taxmann.com 494 \/ (2026) 348 CTR 122 (Sikkim)(HC)"},"content":{"rendered":"<p>The assessee, a non-banking co-operative society, earned interest on investments made with co-operative banks out of its surplus funds and statutory reserves. The Revenue denied deduction by applying section 80P(4). The High Court held that section 80P(4) excludes only co-operative banks and does not apply to a non-banking co-operative society merely because it earns interest from co-operative banks. Since the assessee was not a co-operative bank, its eligibility had to be considered under section 80P(2)(d), and it was entitled to deduction in respect of the interest income.\u00a0 Togars Co-Operative Sale Society Ltd\u00a0 v. ITO (2010)188 <strong>\u00a0<\/strong>Taxman 282 \/ 322 ITR 283 \/ 229 CTR 209 (SC), distinguished. (AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80P: Co-operative societies-Interest received from co-operative banks is eligible for deduction under section 80P(2)(d). [S. 80P(2)(d), 80P(4), 260A]  <\/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-64505","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gMp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64505","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=64505"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64505\/revisions"}],"predecessor-version":[{"id":64506,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64505\/revisions\/64506"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}