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“Section 80(1)”

Section References (mined)Section 80Section 80(1)7 judgments

SEWA SAHAKARI SAMITI SIRRI, ,BALOD vs. INCOME TAX OFFICER, WARD-1(3), BHILAI, BHILAI

In the result, the appeal of the assessee is allowed

ITA 109/RPR/2026[2016-17]Status: DisposedITAT Raipur27 Feb 2026AY 2016-17

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita No.109/Rpr/2026 िनधा"रण वष" /Assessment Year: 2016-17 Sewa Sahkari Samiti Sirri, Village & Post:Sirri, Tehsil Gunderdehi, District Balod, Chhattsigarh, 491221 Pan: Aagas8961H .......अपीलाथ" / Appellant बनाम / V/S.

For Appellant: Mr. Vinit Kumar Jain, CAFor Respondent: None (Petition filed)
Section 80PSection 80P(2)Section 80P(2)(a)

High Court that the respondent/Assessee cannot be termed as Banks/Cooperative Banks and that being a credit society, they are entitled to exemption under Section 80(1)(2) of the Income Tax Act. Such finding of fact is not required to be interfered with by this Court in exercise of powers ... even the definition of Bank under the Banking Regulation Act, the respondent/Assessee cannot be said to be Co- operative Bank/Bank and, therefore, Section 80(1)(4) shall not be applicable and that the respondent/Assessee shall be entitled to exemption/benefit under Section 80(P)(2) of the Income

MUNDUKHOLA BAKSAGARH SKUS LTD.,HOOGLY vs. ITO, WARD-24, HOOGHLY

In the result, appeal of assessee is allowed and that of revenue is dismissed

ITA 879/KOL/2024[2017-18]Status: DisposedITAT Kolkata15 Jan 2025AY 2017-18

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Ito, Ward-24 Mundukhola Baksagarh Skus Ltd. Aaykar Bhavan, G.T. Road, Baksararh, Panchpara, Hoogly, Khadinamore, Chinsurah, Vs. West Bengal-712501 Hooghly, West Benga 712101 (Appellant) (Respondent) Pan No. Aabam7385E Assessee By : Shri Saumitra Choudhury, Ar Revenue By : Shri Sailen Samadder, Dr Date Of Hearing: 17.12.2024 Date Of Pronouncement : 15.01.2025

For Appellant: Shri Saumitra Choudhury, ARFor Respondent: Shri Sailen Samadder, DR
Section 115BSection 69ASection 80P

IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, KOLKATA BEFORE SHRI RAJESH KUMAR, AM AND SHRI PRADIP KUMAR CHOUBEY, JM

THUTHIKULAM PACB LTD.,,NAMAKKAL vs. ITO, WARD-2,, NAMAKKAL

ITA 2544/CHNY/2024[2017-18]Status: DisposedITAT Chennai31 Dec 2024AY 2017-18

Bench: Shri S.S. Viswanethra Ravi & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. No.2544/Chny/2024 िनधा"रण वष"/Assessment Year: 2017-18 Thuthikulam Pacb Limited, Vs. Income Tax Officer, Thuthikulam, Namakkal 637 409, Ward 2, Tamil Nadu. Namakkal. [Pan: Aadft2362D] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri A. Tamilamudhan, Ca ""थ" की ओर से/Respondent By : Shri R. Raghupathy, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 17.12.2024 घोषणा की तारीख /Date Of Pronouncement : 31.12.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 28.02.2024 Passed By The Addl/Jcit (A)-1, Noida For The Assessment Year 2017-18. 2. We Find That This Appeal Is Filed With A Delay Of 156 Days. The Assessee Filed An Affidavit For Condonation Of Delay Explaining Reasons For The Said Delay & Prayed For Condonation Of That Delay. On Perusal Of The Condonation Petition & Upon Hearing Both The Parties, We Find That The 2

For Appellant: Shri A. Tamilamudhan, CAFor Respondent: Shri R. Raghupathy, Addl. CIT
Section 139(1)Section 144Section 69ASection 80(1)

Government of Tamil Nadu, who holds a significant shareholding in the 3 I.T.A. No.2544/Chny/24 society. Moreover, the society is audited under section 80(1) of the Tamil Nadu Co-operative Societies Act, 1983 by officers

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-2(1)(1), BENGALURU, BENGALURU vs. ENZEN GLOBAL SOLUTIONS PVT LTD , BENGALURU

In the result, the appeal of the Revenue is dismissed

ITA 718/BANG/2024[2018-19]Status: DisposedITAT Bangalore20 May 2024AY 2018-19

Bench: Shri Chandra Poojari & Shri Soundararajan K

For Appellant: Shri V Chandrashekar, AdvocateFor Respondent: Ms. Neera Malhotra, JCIT(DR)
Section 143(3)Section 250

debenture stock bonds and any other securities of a company, whether constituting a charge on the assets of the company or not. Under Section 80(1) a company limited by shares may, if so authorised by its articles, issue preference shares which are, or at the option of the company

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1), BENGALURU vs. ENZEN GLOBAL SOLUTIONS PVT LTD, BENGALURU

In the result, the appeal of the Revenue is dismissed

ITA 696/BANG/2024[2017-18]Status: DisposedITAT Bangalore20 May 2024AY 2017-18

Bench: Shri Chandra Poojari & Shri Soundararajan K

For Appellant: Shri V Chandrashekar, AdvocateFor Respondent: Ms. Neera Malhotra, JCIT(DR)
Section 143(3)Section 250

debenture stock bonds and any other securities of a company, whether constituting a charge on the assets of the company or not. Under Section 80(1) a company limited by shares may, if so authorised by its articles, issue preference shares which are, or at the option of the company

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(2), BANGALORE vs. M/S. ENZEN GLOBAL SOLUTIONS PRIVATE LIMITED, BANGALORE

In the result, the appeal of the assessee is allowed while appeal of the Revenue is partly allowed

ITA 2550/BANG/2019[2016-17]Status: DisposedITAT Bangalore19 Sept 2022AY 2016-17

Bench: Shri N.V. Vasudevan & Ms. Padmavathy Sappeal Nos. & Appellant Respondent Assessment Year

For Appellant: Shri V. Chandrashekar, AdvocateFor Respondent: Shri Manjunath Karkihalli, CIT(DR)(ITAT), Bengaluru
Section 45

debenture stock bonds and any other securities of a company, whether constituting a charge on the assets of the company or not. Under Section 80(1) a company limited by shares may, if so authorised by its articles, issue preference shares which are, or at the option of the company

M/S. ENZEN GLOBAL SOLUTIONS PRIVATE LIMITED,BENGALURU vs. INCOME TAX OFFICER, WARD- 2(1)(4), BANGLAOORE

In the result, the appeal of the assessee is allowed while appeal of the Revenue is partly allowed

ITA 2332/BANG/2019[2016-17]Status: DisposedITAT Bangalore19 Sept 2022AY 2016-17

Bench: Shri N.V. Vasudevan & Ms. Padmavathy Sappeal Nos. & Appellant Respondent Assessment Year

For Appellant: Shri V. Chandrashekar, AdvocateFor Respondent: Shri Manjunath Karkihalli, CIT(DR)(ITAT), Bengaluru
Section 45

debenture stock bonds and any other securities of a company, whether constituting a charge on the assets of the company or not. Under Section 80(1) a company limited by shares may, if so authorised by its articles, issue preference shares which are, or at the option of the company