Co. Op. Housing Society Ltd. v. ITO

THE BYCULLA MARKET CO OPERATIVE SOCIETY LTD ,MUMBAI vs. ITO, WARD 20(3)(1), MUMBAI

In the result, the orders of the lower authorities are reversed and the learned AO is directed to grant deduction to the assessee on interest income earned from cooperative banks u/s 80 P (2) (d) o...

Bench: Shri Narender Kumar Choudhry & Shri Omkareshwar Chidaraassessment Year: 2017-18

…IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “B”, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER AND SHRI OMKARESHWAR CHIDARA, ACCOUNTANT MEMBER Assessment Year: 2017-18 M/s. The Byculla Market Co- Income Tax Officer, operative Society Ltd., Ward – 20(3)(1), Meher Market, Room No.622, Dr. Ambedkar Road, Vs. Piramal Chamber, Byculla, Lalbaug, Mumbai– 400 027 Parel, PAN: AAAA4051F Mumbai, Maharashtra – 400 012 (Appellant) (Respondent) Present for: Assessee by : Shri Kumar Kale, Ld. Adv. Revenue by : Shri Leyaqat Ali Aafaqui, Ld. Sr. A.R. Date of Hearing : 07.07.2025 Date of Pronouncement : 2…

OM GORAI NAGARI SAHAKARI PATSANSTHA MARYADIT MUMBAI,MUMBAI vs. JURISDICTION WARD 42(1)(3), MUMBAI,, KAUTILYA BHAVAN, MUMBAI

Bench: Shri Saktijit Dey, V.P. & Shri Bijayananda, Pruseth, Am

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, V.P. AND SHRI BIJAYANANDA, PRUSETH, AM ITA No. 2090 & 2091/Mum/2025) (Assessment Years: 2018-19 & 2020-21) Om Gorai, Nagri Sahakari Patsantha Income Tax Officer, Maryadit, Plot No.264/279, Shreeji Ward 42(1)(3), Bungalow, Near Ganpati Mandir, Vs. Mumbai. Gorai (1), Borivali (W), Mumbai.-400091 PAN/GIR No. AAAAO 1697E (Applicant) : (Respondent) Applicant by : Shri Anil Sathe Respondent by : Shri Rajendra Joshi (Sr. DR) Date of Hearing : 13.05.2025 Date of Pronouncement : 23.05.2025 O R D E R Per Saktijit Dey, VP: Captioned appeals b…

MULUND SAMATA CO-OP HSG SOC LTD.,MUMBAI vs. ITO, WARD-41(2)(3), MUMBAI

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Shri Girish Agrawalassessment Year: 2021-22

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER Assessment Year: 2021-22 Mulund Samata Co-operative Income-tax Officer, Housing Society Ltd., Ward 41(2)(3), Hindustan Chowk, Mumbai Vs. Mulund Colony, Mulund (West), Mumbai – 400 080 (PAN : AABAN3165A) (Appellant) (Respondent) Present for: Assessee : Shri Ashutosh Patare, Advocate Revenue : Shri Nihar Ranjan Samal, Sr. DR Date of Hearing : 18.03.2025 Date of Pronouncement : 15.05.2025 O R D E R PER GIRISH AGRAWAL, ACCOUNTANT MEMBER: This appeal filed by assessee is agai…

SAMARTH SURKSHA RAKSHAK CO-OP CREDIT SOCIETY LTD,SANPADA vs. INCOME TAX OFFICER, NAVI MUMBAI

In the result, both the appeals of the assessee are allowed

Bench: Shri Pawan Singh & Shri Girish Agrawal

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA Nos. 5496 and 5497/MUM/2024 Assessment Years: 2018-19 and 2020-21 Samarth Surksha Rakshak Co-op Income-tax Officer, Credit Society Ltd., Ward 28.3.1, Shop No. 23, Shantiniketan Navi Mumbai Vs. Housing Society, 30/A, Balaji Tower, Sanpada East, Thane, Maharashtra, 400705. (Appellant) (Respondent) Present for: Assessee : Shri Prashant Ghumare, Advocate Revenue : Shri Nihar Ranjan Samal, Sr. DR Date of Hearing : 20.03.2025 Date of Pronouncement : 14.05.2025 O R D E R PE…

SAMARTH SURKSHA RAKSHAK CO-OP CREDIT SOCIETY LTD,SANPADA vs. INCOME TAX OFFICER, NAVI MUMBAI

In the result, both the appeals of the assessee are allowed

Bench: Shri Pawan Singh & Shri Girish Agrawal

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA Nos. 5496 and 5497/MUM/2024 Assessment Years: 2018-19 and 2020-21 Samarth Surksha Rakshak Co-op Income-tax Officer, Credit Society Ltd., Ward 28.3.1, Shop No. 23, Shantiniketan Navi Mumbai Vs. Housing Society, 30/A, Balaji Tower, Sanpada East, Thane, Maharashtra, 400705. (Appellant) (Respondent) Present for: Assessee : Shri Prashant Ghumare, Advocate Revenue : Shri Nihar Ranjan Samal, Sr. DR Date of Hearing : 20.03.2025 Date of Pronouncement : 14.05.2025 O R D E R PE…

PATHARE PRABHU COOPERATIVE HOUSING SOCIETY LTD,MUMBAI vs. INCOME TAX OFFICER, MUMBAI

In the result, appeal of the assessee is allowed

Bench: Shri Pawan Singh & Shri Girish Agrawalassessment Year: 2012-13

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER Assessment Year: 2012-13 Pathare Prabhu Cooperative Income-tax Officer, Housing Society Ltd., Ward 22(2)(1), Plot No. 340, 12th Road, Mumbai Vs. Prabhu Nagar, Khar (West), Mumbai – 400052 (PAN : AAAAP4549G) (Appellant) (Respondent) Present for: Assessee : Shri Prashant Chapekar, CA Revenue : Shri Nihar Ranjan Samal, Sr. DR Date of Hearing : 19.03.2025 Date of Pronouncement : 30.04.2025 O R D E R PER GIRISH AGRAWAL, ACCOUNTANT MEMBER: This appeal filed by assessee is agai…

JAY MILIND CO OP HOUSING SOCIETY LTD ,MUMBAI vs. ITO WARD 22(1)(4), MUMBAI

In the result, the orders of the lower authorities are reversed and the learned AO is directed to grant deduction to the assessee on interest income earned from cooperative banks u/s 80 P (2) (d) o...

Bench: Shri Br Baskaran & Shri Sandeep Gosainjay Milind Co-Op Housing Vs. Ito, Ward – 22(1)(4) Society Ltd., Piramal Chambers, Plot No. 454, Jay Milind Lalbaug, Parel Mumbai Chs, 15Th Road, Khar (W) – 400012. 400 052. Pan/Gir No. Aaaaj4025F (Applicant) (Respondent)

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH MUMBAI BEFORE SHRI BR BASKARAN, ACCOUNTANT MEMBER & SHRI SANDEEP GOSAIN, JUDICIAL MEMBER Jay Milind Co-op Housing Vs. ITO, Ward – 22(1)(4) Society Ltd., Piramal Chambers, Plot No. 454, Jay Milind lalbaug, Parel Mumbai Chs, 15th Road, Khar (W) – 400012. 400 052. PAN/GIR No. AAAAJ4025F (Applicant) (Respondent) Assessee by Shri Rajesh Sanghvi Revenue by Smt. Usha Gaikwad, Sr. DR Date of Hearing 04.03.2025 Date of Pronouncement 07.04.2025 आदेश / ORDER PER SANDEEP GOSAIN, JM: The present appeal has been filed by the assessee challenging the impugned order 27.11.2024…

ASIAN PAINTS EMPLOYEES COOPERATIVE CREDIT SOCIETY LIMITED,MUMBAI vs. ASSIATANT COMMISSIONER OFINCOME TAX WARD 41(2)(1), MUMBAI

In the result, the orders of the lower authorities are reversed and the learned AO is directed to grant deduction to the assessee on interest income earned from cooperative banks u/s 80 P (2) (d) o...

Bench: Shri B R Baskaran, () & Shri Sandeep Gosain, ()

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, MUMBAI BEFORE SHRI B R BASKARAN, (ACCOUNTANT MEMBER) & SHRI SANDEEP GOSAIN, (JUDICIAL MEMBER) I.T.A. No.300/Mum/2025 Assessment Year: 2016-17 Asian Paints Employees Vs. Assistant Cooperative Credit Society Commissioner of Ltd Income-tax, Ward Asian Paints Limited, Lal 41(2)(1) Bahadur Shashtri Marg, Kautilya Bhavan, Bhandup, Mumbai Bandra Kurla 400078 Complex, Bandra PAN: AAEAA5369F East, Mumbai 400051 (Appellant) (Respondent) Appellant by Shri.Dalpat Shah Respondent by Smt. Usha Gaikwad SR. D.R. Date of Hearing 05.03.2025 Date of Pronouncement 07.04.2025 OR…

THE BYCULLA MARKET CO OPERATIVE SOCIETY LTD,MUMBAI vs. ITO WARD 23(3)(1), MUMBAI

In the result, the orders of the lower authorities are reversed and the learned AO is directed to grant deduction to the assessee on interest income earned from cooperative banks u/s 80 P (2) (d) o...

Bench: Shri Br Baskaran & Shri Sandeep Gosainthe Byculla Market Co- Vs. Ito, Ward – 20(3)(1) Operative Society Ltd Room No. 622, Piramal Meher Market, Ld.Dr. Chambers, Lalbaug, Amberdkar Road, Byculla, Parel Mumbai – Mumbai – 400027. 400012. Pan/Gir No. Aaaat4051F (Applicant) (Respondent)

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH MUMBAI BEFORE SHRI BR BASKARAN, ACCOUNTANT MEMBER & SHRI SANDEEP GOSAIN, JUDICIAL MEMBER The Byculla Market Co- Vs. ITO, Ward – 20(3)(1) operative Society Ltd Room No. 622, Piramal Meher Market, Ld.DR. Chambers, lalbaug, Amberdkar Road, Byculla, Parel Mumbai – Mumbai – 400027. 400012. PAN/GIR No. AAAAT4051F (Applicant) (Respondent) Assessee by Shri Rohidas Lokhande Revenue by Smt. Usha Gaikwad, Sr. DR Date of Hearing 04.03.2025 Date of Pronouncement 07.04.2025 आदेश / ORDER PER SANDEEP GOSAIN, JM: The present appeal has been filed by the assessee challenging the…

MAYOOR CO-OPERATIVE HOUSING SOCIETY LIMITED,MUMBAI vs. JURISDICTIONAL AO WARD 22(2)(1), MUMBAI, MUMBAI

Bench: Smt. Kavitha Rajagopal (Jm) & Shri Omkareshwar Chidara (Am) Mayoor Cooperative Ito Ward Housing Society Ltd. 22(2)(1) D Wing, Ground Floor Vs. Ao No. 91, M.T. N.L Road, Dadar Range Code 197 Maharashtra-400 028. Mumbai Pan : Appellant Respondent

…perative Society Ltd. (ITA No. 6547/Mum/2017), Ashok Tower “D” Cooperative Housing Society Ltd. Vs. ITO (163 taxmann.com 598), Sai Ankur Cooperative Housing Society Vs. ITO (171 taxmann.com 44) and Mullanpur Garibdas Cooperative Multipurpose Society Vs. PCIT (163 Taxmann.com 598). 3. In all these decisions, including the decision of Hon'ble Supreme Court in the case of Mavilayi Services Cooperative Bank Limited Vs. Ld. (supra) and the decisions rendered in appellant’s own case in earlier years, facts and circumstances are similar and hence it was pleaded that the addition made by the Ld. AO by denying deduction…

M/S MIDDLE INCOME GROUP III CO OP HSG SOCIETY LIMITED ,MUMBAI vs. INCOME TAX OFFICER, WARD 23(2)(3), MUMBAI, MUMBAI

In the result, the orders of the lower authorities are reversed and the learned AO is directed to grant deduction to the assessee on interest income earned from cooperative banks u/s 80 P (2) (d) o...

Bench: Hon’Ble Shri Sandeep Gosain

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH MUMBAI BEFORE HON’BLE SHRI SANDEEP GOSAIN, JUDICIAL MEMBER ITA No. 6362 & 6363/Mum/2024 (Assessment Years: 2018-19 & 2017-18) Vs. ITO – 23(2)(3) M/s Middle Income Group Piramal Chamber, III co Op HSG Society Lalbaug Parel, MIG III, Jade Gardens, Mumbai. Gandhi Nagar, Bandra (E), Mumbai PAN/GIR No. AABAM0452G (Applicant) (Respondent) Assessee by Shri Rakesh Joshi Revenue by Shri Sunil Agawane, Sr. DR Date of Hearing 30.01.2025 Date of Pronouncement 18.02.2025 आदेश / ORDER PER SANDEEP GOSAIN, JM: The present appeals have been filed by the assessee challenging the…

M/S MIDDLE INCOME GROUP III CO OP HSG SOCIETY LIMITED ,MUMBAI vs. INCOME TAX OFFICER, WARD 23(2)(3), MUMBAI

In the result, the orders of the lower authorities are reversed and the learned AO is directed to grant deduction to the assessee on interest income earned from cooperative banks u/s 80 P (2) (d) o...

Bench: Hon’Ble Shri Sandeep Gosain

…IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH MUMBAI BEFORE HON’BLE SHRI SANDEEP GOSAIN, JUDICIAL MEMBER ITA No. 6362 & 6363/Mum/2024 (Assessment Years: 2018-19 & 2017-18) Vs. ITO – 23(2)(3) M/s Middle Income Group Piramal Chamber, III co Op HSG Society Lalbaug Parel, MIG III, Jade Gardens, Mumbai. Gandhi Nagar, Bandra (E), Mumbai PAN/GIR No. AABAM0452G (Applicant) (Respondent) Assessee by Shri Rakesh Joshi Revenue by Shri Sunil Agawane, Sr. DR Date of Hearing 30.01.2025 Date of Pronouncement 18.02.2025 आदेश / ORDER PER SANDEEP GOSAIN, JM: The present appeals have been filed by the assessee challenging the…

MUMBAI KAMGAR MADHYAWARTI GRAHAK SAHAKARI SANSTHA MARYADIT,MUMBAI vs. ASST. COMMISSIONER OF INCOME TAX - CIRCLE 20(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “D” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI SUNIL KUMAR SINGH (JUDICIAL MEMBER) ITA Nos. 2885, 2884, 2883 & 2882/MUM/2024 Assessment Year: 2014-15, 2017-18, 2018-19 & 2020-21 Mumbai Kamgar Madhyawarti Asst. CIT Circle-20(2), Grahak Sahakari Sanstha Maryadit, Piramal Chambers Lalbaug, 106A, Apna Bazar, Govindji Keni Vs. Mumbai-400012. Road, Naigaum Dadar, Mumbai-400014. PAN NO. AAAJM 0005 H Appellant Respondent Assessee by : Mr. Dinesh Kukreja a/w Punit Shah : Mrs. Mahita Nair, Sr. DR Revenue by Date of Hearing : 31/07/2024 : 30/08/2024 D…

MUMBAI KAMGAR MADHYAWARTI GRAHAK SAHAKARI SANSTHA MARYADIT,MUMBAI vs. ASST. COMMISSIONER OF INCOME TAX - CIRCLE 20(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “D” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI SUNIL KUMAR SINGH (JUDICIAL MEMBER) ITA Nos. 2885, 2884, 2883 & 2882/MUM/2024 Assessment Year: 2014-15, 2017-18, 2018-19 & 2020-21 Mumbai Kamgar Madhyawarti Asst. CIT Circle-20(2), Grahak Sahakari Sanstha Maryadit, Piramal Chambers Lalbaug, 106A, Apna Bazar, Govindji Keni Vs. Mumbai-400012. Road, Naigaum Dadar, Mumbai-400014. PAN NO. AAAJM 0005 H Appellant Respondent Assessee by : Mr. Dinesh Kukreja a/w Punit Shah : Mrs. Mahita Nair, Sr. DR Revenue by Date of Hearing : 31/07/2024 : 30/08/2024 D…

MUMBAI KAMGAR MADHYAWARTI GRAHAK SAHAKARI SANSTHA MARYADIT,MUMBAI vs. ASST. COMMISSIONER OF INCOME TAX - CIRCLE 20(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “D” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI SUNIL KUMAR SINGH (JUDICIAL MEMBER) ITA Nos. 2885, 2884, 2883 & 2882/MUM/2024 Assessment Year: 2014-15, 2017-18, 2018-19 & 2020-21 Mumbai Kamgar Madhyawarti Asst. CIT Circle-20(2), Grahak Sahakari Sanstha Maryadit, Piramal Chambers Lalbaug, 106A, Apna Bazar, Govindji Keni Vs. Mumbai-400012. Road, Naigaum Dadar, Mumbai-400014. PAN NO. AAAJM 0005 H Appellant Respondent Assessee by : Mr. Dinesh Kukreja a/w Punit Shah : Mrs. Mahita Nair, Sr. DR Revenue by Date of Hearing : 31/07/2024 : 30/08/2024 D…

MUMBAI KAMGAR MADHYAWARTI GRAHAK SAHAKARI SANSTHA MARYADIT,MUMBAI vs. ASST. COMMISSIONER OF INCOME TAX - CIRCLE 20(2), MUMBAI

In the result, all the appeals of the assessee are allowed for

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “D” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI SUNIL KUMAR SINGH (JUDICIAL MEMBER) ITA Nos. 2885, 2884, 2883 & 2882/MUM/2024 Assessment Year: 2014-15, 2017-18, 2018-19 & 2020-21 Mumbai Kamgar Madhyawarti Grahak Sahakari Sanstha Maryadit, 106A, Apna Bazar, Govindji Keni Road, Naigaum Dadar, Mumbai-400014. PAN NO. AAAJM 0005 H Appellant Vs. Asst. CIT Circle-20(2), Piramal Chambers Lalbaug, Mumbai-400012. Respondent Assessee by Revenue by Date of Hearing Date of pronouncement ORDER PER OM PRAKASH KANT, AM : Mr. Dinesh Kukreja a/w Punit Shah : Mr…

RAJAT APARTMENTS CO-OP. HOUSING SOCIETY LTD.,MUMBAI vs. ACIT CIRCLE 19(3), MUMBAI

In the result, both the appeals of the assessee are allowed

Bench: Shri Girish Agrawal & Shri Sunil Kumar Singh

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH MUMBAI BEFORE SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER AND SHRI SUNIL KUMAR SINGH, JUDICIAL MEMBER ITA No.4328 & 4329/MUM/2023 Assessment Year: 2020-21& 2021-22 Rajat Apartments Co-op Housing Assistant Commissioner of Society, Income Tax, Circle 19(3), 20, Rajat Apt., Mount Pleasant Vs. Mumbai Road, Malabar Hill, Mumbai – 400 006 (PAN:AAABR0118C) (Appellant) (Respondent) Present for: Assessee : Shri Jayesh Dadia, C.A Revenue : Smt. Mahita Nair, Sr. DR Date of Hearing : 09.05.2024 Date of Pronouncement : 27.05.2024 O R D E R PER GIRISH AGRAWAL, ACCOUNTANT MEMBER: B…