Mantola Co-operative Thrift & Credit Society Ltd. v. CIT

Kolhapur District Central Co- Op Bank Kanista Sevakanchi Sahakari Pat Sanstha Ltd, Kolhapur vs. Income Tax Office, Ward-2(1), Kolhapur

In the result, appeals of the assessees are allowed

Bench: Shri R.S. Syal, Hon.Vice- & Shri Partha Sarathi Chaudhury, Hon.The Mahatma Sahakari Griha Vs Pr.Cit-2, Pune. Rachana Sanstha Maryadit, S.No.62 & 65, Sahakar Bhavan, Kothrud, Pune. Pan: Aabtt 5342 F Appellant Respondent Bajaj Auto Employees Co-Op Vs Ito, Ward-8, Credit Society Ltd., Bombay Pune. Pune Road, Bajaj Auto Ltd., Plot No.393/394, Sector 21, Akurdi, Pune. Pan: Aaajb 0024 D Appellant Respondent Shri Bhagwant Multistate Vs Pr.Cit-4, Pune. Credit Co-Op. Society Ltd., 739/7/17, Patil Plot, Shivaji Nagar Barshi, Solapur. Pan: Aamas 3645 L Appellant Respondent

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE „A‟ BENCHES :: PUNE BEFORE SHRI R.S. SYAL, HON.VICE-PRESIDENT & SHRI PARTHA SARATHI CHAUDHURY, HON.JUDICIAL MEMBER The Mahatma Sahakari Griha Vs Pr.CIT-2, Pune. Rachana Sanstha Maryadit, S.No.62 & 65, Sahakar Bhavan, Kothrud, Pune. PAN: AABTT 5342 F Appellant Respondent Bajaj Auto Employees Co-op vs ITO, Ward-8, Credit Society Ltd., Bombay Pune. Pune Road, Bajaj Auto Ltd., Plot No.393/394, Sector 21, Akurdi, Pune. PAN: AAAJB 0024 D Appellant Respondent Shri Bhagwant Multistate vs Pr.CIT-4, Pune. Credit Co-op. Society Ltd., 739/7/17, Patil Plot, Shivaji Nagar Barshi, Solap…

Shri Bhagwant Multistate Credit Co-Operative Society Ltd, Solapur vs. Principal Commissioner of Income Tax-4, Pune

In the result, appeals of the assessees are allowed

Bench: Shri R.S. Syal, Hon.Vice- & Shri Partha Sarathi Chaudhury, Hon.The Mahatma Sahakari Griha Vs Pr.Cit-2, Pune. Rachana Sanstha Maryadit, S.No.62 & 65, Sahakar Bhavan, Kothrud, Pune. Pan: Aabtt 5342 F Appellant Respondent Bajaj Auto Employees Co-Op Vs Ito, Ward-8, Credit Society Ltd., Bombay Pune. Pune Road, Bajaj Auto Ltd., Plot No.393/394, Sector 21, Akurdi, Pune. Pan: Aaajb 0024 D Appellant Respondent Shri Bhagwant Multistate Vs Pr.Cit-4, Pune. Credit Co-Op. Society Ltd., 739/7/17, Patil Plot, Shivaji Nagar Barshi, Solapur. Pan: Aamas 3645 L Appellant Respondent

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE „A‟ BENCHES :: PUNE BEFORE SHRI R.S. SYAL, HON.VICE-PRESIDENT & SHRI PARTHA SARATHI CHAUDHURY, HON.JUDICIAL MEMBER The Mahatma Sahakari Griha Vs Pr.CIT-2, Pune. Rachana Sanstha Maryadit, S.No.62 & 65, Sahakar Bhavan, Kothrud, Pune. PAN: AABTT 5342 F Appellant Respondent Bajaj Auto Employees Co-op vs ITO, Ward-8, Credit Society Ltd., Bombay Pune. Pune Road, Bajaj Auto Ltd., Plot No.393/394, Sector 21, Akurdi, Pune. PAN: AAAJB 0024 D Appellant Respondent Shri Bhagwant Multistate vs Pr.CIT-4, Pune. Credit Co-op. Society Ltd., 739/7/17, Patil Plot, Shivaji Nagar Barshi, Solap…

Bajaj Auto Employees Co Op Credit Society Ltd, Pune vs. Income Tax Officer, Circle-8, Pune

In the result, appeals of the assessees are allowed

Bench: Shri R.S. Syal, Hon.Vice- & Shri Partha Sarathi Chaudhury, Hon.The Mahatma Sahakari Griha Vs Pr.Cit-2, Pune. Rachana Sanstha Maryadit, S.No.62 & 65, Sahakar Bhavan, Kothrud, Pune. Pan: Aabtt 5342 F Appellant Respondent Bajaj Auto Employees Co-Op Vs Ito, Ward-8, Credit Society Ltd., Bombay Pune. Pune Road, Bajaj Auto Ltd., Plot No.393/394, Sector 21, Akurdi, Pune. Pan: Aaajb 0024 D Appellant Respondent Shri Bhagwant Multistate Vs Pr.Cit-4, Pune. Credit Co-Op. Society Ltd., 739/7/17, Patil Plot, Shivaji Nagar Barshi, Solapur. Pan: Aamas 3645 L Appellant Respondent

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE „A‟ BENCHES :: PUNE BEFORE SHRI R.S. SYAL, HON.VICE-PRESIDENT & SHRI PARTHA SARATHI CHAUDHURY, HON.JUDICIAL MEMBER The Mahatma Sahakari Griha Vs Pr.CIT-2, Pune. Rachana Sanstha Maryadit, S.No.62 & 65, Sahakar Bhavan, Kothrud, Pune. PAN: AABTT 5342 F Appellant Respondent Bajaj Auto Employees Co-op vs ITO, Ward-8, Credit Society Ltd., Bombay Pune. Pune Road, Bajaj Auto Ltd., Plot No.393/394, Sector 21, Akurdi, Pune. PAN: AAAJB 0024 D Appellant Respondent Shri Bhagwant Multistate vs Pr.CIT-4, Pune. Credit Co-op. Society Ltd., 739/7/17, Patil Plot, Shivaji Nagar Barshi, Solap…

The Mahatma Sahakari Griha Rachana Sanstha Maryadit, Pune vs. The Principal Commissioner of Income Tax-2, Pune

In the result, appeals of the assessees are allowed

Bench: Shri R.S. Syal, Hon.Vice- & Shri Partha Sarathi Chaudhury, Hon.The Mahatma Sahakari Griha Vs Pr.Cit-2, Pune. Rachana Sanstha Maryadit, S.No.62 & 65, Sahakar Bhavan, Kothrud, Pune. Pan: Aabtt 5342 F Appellant Respondent Bajaj Auto Employees Co-Op Vs Ito, Ward-8, Credit Society Ltd., Bombay Pune. Pune Road, Bajaj Auto Ltd., Plot No.393/394, Sector 21, Akurdi, Pune. Pan: Aaajb 0024 D Appellant Respondent Shri Bhagwant Multistate Vs Pr.Cit-4, Pune. Credit Co-Op. Society Ltd., 739/7/17, Patil Plot, Shivaji Nagar Barshi, Solapur. Pan: Aamas 3645 L Appellant Respondent

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE „A‟ BENCHES :: PUNE BEFORE SHRI R.S. SYAL, HON.VICE-PRESIDENT & SHRI PARTHA SARATHI CHAUDHURY, HON.JUDICIAL MEMBER The Mahatma Sahakari Griha Vs Pr.CIT-2, Pune. Rachana Sanstha Maryadit, S.No.62 & 65, Sahakar Bhavan, Kothrud, Pune. PAN: AABTT 5342 F Appellant Respondent Bajaj Auto Employees Co-op vs ITO, Ward-8, Credit Society Ltd., Bombay Pune. Pune Road, Bajaj Auto Ltd., Plot No.393/394, Sector 21, Akurdi, Pune. PAN: AAAJB 0024 D Appellant Respondent Shri Bhagwant Multistate vs Pr.CIT-4, Pune. Credit Co-op. Society Ltd., 739/7/17, Patil Plot, Shivaji Nagar Barshi, Solap…

Castlemaine Premises Co-Op Society Ltd, Pune vs. The Principal Commissioner of Income Tax-4, Pune

The appeal of the assessee is ALLOWED

Bench: Shri Partha Sarathi Chaudhury & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No. 576/Pun/2023 निर्धारण वर्ा / Assessment Year : 2018-19 Castlemaine Premises Co-Op Society Ltd., Godrej Castlemaine, 42, Sassoon Rd., Next To Ruby Hall Clinic, Pune. Pan: Aaaac5155H . . . . . . . अपऩलधथी / Appellant बनाम / V/S Pr. Commissioner Of Income Tax Circle- 4, Pune . . . . . . प्रत्यथी / Respondent द्वारा / Appearances Assessee By : None Revenue By : Shri Keyur Patel सपिवधई की तधरऩख / Date Of Conclusive Hearing : 15/06/2023 घोर्णध की तधरऩख / Date Of Pronouncement : 15/06/2023 आदेश / Order Per G. D. Padmahshali, Am; This Appeal Of The Assessee For The Assessment Year [For Short “Ay”] 2018-19 Is Assailed Against The Revisionary Order Of Pr. Commissioner Of Income Tax-4, Dt. 17/03/2023 Passed U/S 263 Of The Income-Tax Act, 1961 [For Short “The Act”], Which Ascended Out Of Assessment Order Dt. 24/02/2021 Passed U/S 143(3) R.W.S 143(3A) & 143(3B) By The National E-Assessment Centre, Delhi, [For Short “Ao”].

…॥ आयकर अपीलीय न्यायाधिकरण, पुणे “ए” न्यायपीठ, पुणे में ॥ IN THE INCOME TAX APPELLATE TRIBUNAL, PUNE “A” BENCH, PUNE BEFORE SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER AND SHRI G. D. PADMAHSHALI, ACCOUNTANT MEMBER आयकर अपऩल सं. / ITA No. 576/PUN/2023 निर्धारण वर्ा / Assessment Year : 2018-19 Castlemaine Premises Co-op Society Ltd., Godrej Castlemaine, 42, Sassoon Rd., Next to Ruby Hall Clinic, Pune. PAN: AAAAC5155H . . . . . . . अपऩलधथी / Appellant बनाम / V/s Pr. Commissioner of Income Tax Circle- 4, Pune . . . . . . प्रत्यथी / Respondent द्वारा / Appearances Assessee by : None Revenue by : Shri Keyur Patel स…

Balwantpuram Samrahya L-7 (Lmnop) Co-Operative Housing Society, Kothrud vs. Principal Commissioner of Income Tax, Pune-2, Pune

In the result, the appeal of assessee is allowed

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “A”, PUNE SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER AND SHRI G.D. PADMAHSHALI, ACCOUNTANT MEMBER Assessment Year : 2018-19 Balwantpuram Samrajya L 7 (LMNOP) Co-operative Housing Society Limited, L7, Balwantpuram Samrajya L7 (L M N O P) CHS Paud Road, Shivtirthnagar, Kothrud, Pune – 411038 PAN: AABAB9279L ... Appellant Vs. The PCIT-2, Pune ... Respondent Assessee by : None Respondent by : Shri Keyur Patel, CIT-DR Date of Hearing : 15-06-2023 Date of Pronouncement : 16-06-2023 ORDER PER PARTHA SARATHI CHAUDHURY, JM : This appeal preferred by the assessee em…

Balwantpuram Samrajya L6 Hijk Co-Operative Housing Society Limited, Kothrud vs. Principal Commissioner of Income Tax, Pune-2, Pune

In the result, the appeal of assessee is allowed

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “A”, PUNE SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER AND SHRI G.D. PADMAHSHALI, ACCOUNTANT MEMBER Assessment Year : 2018-19 Balwantpuram Samrajya L 6 HIJK Co-operative Housing Society Limited, L6, Balwantpuram Samrajya L6 HIJK CHS Paud Road, Shivtirthnagar, Kothrud, Pune – 411038 PAN: AABAB8462H ... Appellant Vs. The PCIT-2, Pune ... Respondent Assessee by : None Respondent by : Shri Keyur Patel, CIT-DR Date of Hearing : 15-06-2023 Date of Pronouncement : 16-06-2023 ORDER PER PARTHA SARATHI CHAUDHURY, JM : This appeal preferred by the assessee emanates fro…

Maharashtra Rajya Pathyapustak Mandal Karmachari Sahakari Pat Sanstha Maryadit, Pune vs. Principal Commissioner of Income Tax-2, Pune

In the result, the appeal of assessee is allowed

Bench: The Action Was Initiated In This Case. The Revision Order Be Set Aside.

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “A”, PUNE SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER AND SHRI G.D. PADMAHSHALI, ACCOUNTANT MEMBER Assessment Year : 2018-19 Maharashtra Rajya Pathysapustak Mandal Karmachari Sahakari Pat Sanstha Maryadit, Bal Bharati, Senapati Bapat Road, Pune – 411004 PAN: AAAAM2009A ... Appellant Vs. The PCIT-2, Pune ... Respondent Assessee by : Shri M K Kulkarni and Mrs. JR Chandekar Respondent by : Shri Keyur Patel, CIT-DR Date of Hearing : 15-06-2023 Date of Pronouncement : 16-06-2023 ORDER PER PARTHA SARATHI CHAUDHURY, JM : This appeal preferred by the assessee emana…

Kirloskar Oil Engine Employees Co- Op Credit Society Ltd, Pune vs. Principal Commissioner of Income Tax, Pune-2, Pune

In the result, the appeal of assessee is allowed

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “A”, PUNE SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER AND SHRI G.D. PADMAHSHALI, ACCOUNTANT MEMBER Assessment Year : 2018-19 Kirloskar Oil Engine Employees Co-op. Credit Society Limited Kirloskar Oil Engines, Laxmanrao Kirloskar Path, Khadki, Pune – 411003 PAN: AAAAK2406R ... Appellant Vs. The PCIT-2, Pune ... Respondent Assessee by : Shri Rohit C Kasat Respondent by : Shri Keyur Patel, CIT-DR Date of Hearing : 15-06-2023 Date of Pronouncement : 16-06-2023 ORDER PER PARTHA SARATHI CHAUDHURY, JM : This appeal preferred by the assessee emanates from the order…

Janahit Nagari Sahakari Pathpedhi Limited, Pune vs. Principla Commissioner of Income Tax-4, Pune

In the result, the appeal of assessee is allowed

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “A”, PUNE SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER AND SHRI G.D. PADMAHSHALI, ACCOUNTANT MEMBER Assessment Year : 2018-19 Janahit Nagari Sahakari Pathpedhi Limited 451, Center Street, Camp, Pune – 411001 PAN: AAAAJ0175A ... Appellant Vs. The PCIT-4, Pune ... Respondent Assessee by : Shri Kishor B Phadke Respondent by : Shri Ramnath P Murkende Date of Hearing : 13-06-2023 Date of Pronouncement : 14-06-2023 ORDER PER PARTHA SARATHI CHAUDHURY, JM : This appeal preferred by the assessee emanates from the order of the ld. Principal Commissioner of Income Tax…

Jankalyan Nagari Sahakari Patsanstha Ltd, Satara vs. Income Tax Officer, Ward-1, Satara

In the result, the appeal filed by the assessee stands allowed

Bench: Shri Inturi Rama Raoआयकर अपील सं. / Ita No.569/Pun/2023 िनधा"रण वष" / Assessment Year : 2017-18 Jankalyan Nagari Sahakari Vs. Ito, Ward-1, Satara. Patsanstha Ltd., 67, Guruwar Peth, At Post Karad, Dist.- Satara- 415110. Pan : Aaaaj1374R Appellant Respondent Assessee By : None Revenue By : Shri Piyush Kumar Singh Yadav Date Of Hearing : 26.05.2023 Date Of Pronouncement : 29.05.2023 आदेश / Order Per Inturi Rama Rao, Am : This Is An Appeal Filed By The Assessee Directed Against The Order Of The National Faceless Appeal Centre, Delhi [‘Nfac’] Dated 29.03.2023 For The Assessment Year 2017-18. 2. Briefly, The Facts Of The Case Are That The Appellant Is A Co- Operative Credit Society Registered Under Maharashtra Co-Operative Societies Act, 1960. The Return Of Income For The Assessment Year

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “SMC”, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER आयकर अपील सं. / ITA No.569/PUN/2023 िनधा"रण वष" / Assessment Year : 2017-18 Jankalyan Nagari Sahakari Vs. ITO, Ward-1, Satara. Patsanstha Ltd., 67, Guruwar Peth, At Post Karad, Dist.- Satara- 415110. PAN : AAAAJ1374R Appellant Respondent Assessee by : None Revenue by : Shri Piyush Kumar Singh Yadav Date of hearing : 26.05.2023 Date of pronouncement : 29.05.2023 आदेश / ORDER PER INTURI RAMA RAO, AM : This is an appeal filed by the assessee directed against the order of the National Faceless Appeal Centre, De…

Urulikanchan Gramin Bigarshety Sahakari Patsanstha Maryadit, Pune vs. The Income Tax Officer, Ward-14(3), Pune

Appeal is allowed in above terms

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “B” : PUNE BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER I.T.A.No.555/PUN./2023 Assessment Year 2020-2021 Urulikanchan Gramin Bigarshety Sahakari The Income Tax Officer, Pathansanstha Maryadit, Ward – 14 (3), Aayakar At and Post Urulikanchan, Sadan, Bodhi Towers, Taluka – Haveli, vs. Salisbury Park, Gultekadi, Urulikanchan, Pune Pune – 411 037. Maharashtra. Maharashtra. PIN 412 202. PAN AAAAU0866D (Appellant) (Respondent) For Assessee : -None- For Revenue : Shri Shashank Deogadkar Date of Hearing : 26.05.2023 Date of Pr…

Urulikanchan Gramin Bigarshety Sahakari Patsanstha Maryadit, Pune vs. The Income Tax Officer, Ward-14(3), Pune

In the result, the appeal filed by the assessee stands allowed

Bench: Shri Inturi Rama Raoआयकर अपील सं. / Ita No.554/Pun/2023 िनधा"रण वष" / Assessment Year : 2018-19 Urulikanchan Gramin Vs. Ito, Ward-14(3), Pune. Bigarshety Sahakari Patsanstha Maryadit, At & Post Urulikanchan, Taluka- Haveli, Urulikanchan, Pune- 412202. Pan : Aaaau0866D Appellant Respondent Assessee By : None Revenue By : Shri Piyush Kumar Singh Yadav Date Of Hearing : 25.05.2023 Date Of Pronouncement : 26.05.2023 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of The National Faceless Appeal Centre, Delhi [‘Nfac’] Dated 09.03.2023 For The Assessment Year 2018-19. 2. Briefly, The Facts Of The Case Are That The Appellant Is A Co- Operative Society Registered Under The Provisions Of The Maharashtra

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “SMC”, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER आयकर अपील सं. / ITA No.554/PUN/2023 िनधा"रण वष" / Assessment Year : 2018-19 Urulikanchan Gramin Vs. ITO, Ward-14(3), Pune. Bigarshety Sahakari Patsanstha Maryadit, At and Post Urulikanchan, Taluka- Haveli, Urulikanchan, Pune- 412202. PAN : AAAAU0866D Appellant Respondent Assessee by : None Revenue by : Shri Piyush Kumar Singh Yadav Date of hearing : 25.05.2023 Date of pronouncement : 26.05.2023 आदेश / ORDER PER INTURI RAMA RAO, AM: This is an appeal filed by the assessee directed against the order of the Na…

Kai Fakira Jairam Patil Sahakari Patsanstha Maryadit Shahada, Nandurbar vs. Invcome Tax Officer Ward-1, Dhule

In the result, the appeal filed by the assessee stands allowed

Bench: Shri Inturi Rama Raoआयकर अपील सं. / Ita No.552/Pun/2023 िनधा"रण वष" / Assessment Year : 2018-19 Kai Fakira Jairam Patil Vs. Ito, Ward-1, Dhule. Sahakari Patsanstha Maryadit Shahada, Plot No.5A, Vrindavan Nagar, Besides Swami Samaratha Kendra, Shahada Tal. Shahada, Dist. Nandurbar- 425409 Pan : Aaaak5870D Appellant Respondent Assessee By : None Revenue By : Shri Piyush Kumar Singh Yadav Date Of Hearing : 25.05.2023 Date Of Pronouncement : 26.05.2023 आदेश / Order Per Inturi Rama Rao, Am : This Is An Appeal Filed By The Assessee Directed Against The Order Of The National Faceless Appeal Centre, Delhi [‘Nfac’] Dated 24.03.2023 For The Assessment Year 2018-19. 2 2. Briefly, The Facts Of The Case Are That The Appellant Is A Co- Operative Credit Society Registered Under Maharashtra Co-Operative Societies Act, 1960. The Return Of Income For The Assessment Year 2018-19 Was Filed On 08.09.2018 Disclosing Total Income Of Rs.Nil After Claiming Deduction U/S 80P(2)(A)(I) Of The Income Tax Act, 1961 (‘The Act’) Of Rs.78,15,971/-. Against The Said Return Of Income, The Assessment Was Completed By The Assessing Officer Vide Order Dated 15.02.2021 Passed U/S 143(3) R.W.S. 143(3A) & 143(3B) Of The Act At A Total Income Of Rs.42,09,784/-. While Doing So, The Assessing Officer Denied The Exemption U/S 80P(2)(A)(I) In Respect Of Interest Income On Deposits Made Out Of The Surplus Funds In Cooperative Banks & Scheduled Banks On The Ground That The Said Income Does Not Qualify For Deduction U/S 80P(2)(A)(I) Or 80P(2)(D) Of The Act. 3. Being Aggrieved, An Appeal Was Filed Before The Nfac, Who Vide Impugned Order Confirmed The Addition Made By The Assessing Officer. 4. Being Aggrieved, The Appellant Is In Appeal Before This Tribunal In The Present Appeal.

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “SMC”, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER आयकर अपील सं. / ITA No.552/PUN/2023 िनधा"रण वष" / Assessment Year : 2018-19 Kai Fakira Jairam Patil Vs. ITO, Ward-1, Dhule. Sahakari Patsanstha Maryadit Shahada, Plot No.5A, Vrindavan Nagar, Besides Swami Samaratha Kendra, Shahada Tal. Shahada, Dist. Nandurbar- 425409 PAN : AAAAK5870D Appellant Respondent Assessee by : None Revenue by : Shri Piyush Kumar Singh Yadav Date of hearing : 25.05.2023 Date of pronouncement : 26.05.2023 आदेश / ORDER PER INTURI RAMA RAO, AM : This is an appeal filed by the assessee…

Kai Fakira Jairam Patil Sahakari Patsanstha Maryadit Shahada, Nandurbar vs. Invcome Tax Officer Ward-1, Dhule

In the result, the appeal filed by the assessee stands allowed

Bench: Shri Inturi Rama Raoआयकर अपील सं. / Ita No.551/Pun/2023 िनधा"रण वष" / Assessment Year : 2017-18 Kai Fakira Jairam Patil Vs. Ito, Ward-1, Dhule. Sahakari Patsanstha Maryadit Shahada, Plot No.5A, Vrindavan Nagar, Besides Swami Samaratha Kendra, Shahada Tal. Shahada, Dist. Nandurbar- 425409 Pan : Aaaak5870D Appellant Respondent Assessee By : None Revenue By : Shri Piyush Kumar Singh Yadav Date Of Hearing : 24.05.2023 Date Of Pronouncement : 26.05.2023 आदेश / Order Per Inturi Rama Rao, Am : This Is An Appeal Filed By The Assessee Directed Against The Order Of The National Faceless Appeal Centre, Delhi [‘Nfac’] Dated 24.03.2023 For The Assessment Year 2017-18. 2 2. Briefly, The Facts Of The Case Are That The Appellant Is A Co- Operative Credit Society Registered Under Maharashtra Co-Operative Societies Act, 1960. The Return Of Income For The Assessment Year 2017-18 Was Filed On 10.10.2017 Disclosing Total Income Of Rs.Nil After Claiming Deduction U/S 80P(2)(A)(I) Of The Income Tax Act, 1961 (‘The Act’) Of Rs.73,98,124/-. Against The Said Return Of Income, The Assessment Was Completed By The Assessing Officer Vide Order Dated 31.10.2019 Passed U/S 143(3) Of The Act At A Total Income Of Rs.44,57,088/-. While Doing So, The Assessing Officer Denied The Exemption U/S 80P(2)(A)(I) In Respect Of Interest Income On Deposits Made Out Of The Surplus Funds In Cooperative Banks & Scheduled Banks On The Ground That The Said Income Does Not Qualify For Deduction U/S 80P(2)(A)(I) Or 80P(2)(D) Of The Act. 3. Being Aggrieved, An Appeal Was Filed Before The Nfac, Who Vide Impugned Order Confirmed The Addition Made By The Assessing Officer. 4. Being Aggrieved, The Appellant Is In Appeal Before This Tribunal In The Present Appeal.

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “SMC”, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER आयकर अपील सं. / ITA No.551/PUN/2023 िनधा"रण वष" / Assessment Year : 2017-18 Kai Fakira Jairam Patil Vs. ITO, Ward-1, Dhule. Sahakari Patsanstha Maryadit Shahada, Plot No.5A, Vrindavan Nagar, Besides Swami Samaratha Kendra, Shahada Tal. Shahada, Dist. Nandurbar- 425409 PAN : AAAAK5870D Appellant Respondent Assessee by : None Revenue by : Shri Piyush Kumar Singh Yadav Date of hearing : 24.05.2023 Date of pronouncement : 26.05.2023 आदेश / ORDER PER INTURI RAMA RAO, AM : This is an appeal filed by the assessee…