SHRI VAJAPUR PATIDAR CO. OPARATIVE CREDIT SOCIETY LTD.,MEHSANA vs. THE ITO, WARD-5, PATAN

In the result appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed & Shri Siddharatha Nautiyalआयकर अपील सं./Ita No. 27/Ahd/2022 िनधा"रण वष"/Asstt. Year: 2017-2018 Shri Vajapur Patidar Co. Operative Credit I.T.O., Society Limited, Vs. Ward-5, At. Vijapaur Po. Sanghpur, Patan. Ta. Vijapaur, Dist. Mehsana

disallowance of the deduction claimed by the assessee under section 80P(2)(d) of the Act with respect to the interest income from the co-operative banks. 6. The facts in brief are that the assessee in the present case is a co-operative society and engaged in the business of providing credit facilities to its members

THE ITO, SABARKANTHA WARD-3, SABARKANTHA vs. THE SABARKANTHA DIST. PURCHASE & SALES UNION LTD.,, SABARKANTHA

In the result, appeal filed by the department is dismissed

Bench: Shri N.K. Billaiya, Accountant Mem Ber & Shri Mahavir Prasad

section 80P(2)(C), 80P(2)(e), 80P(2)(d) And 80P(2)(iv) which is allowable as per statute and therefore the question of disallowance

THE MAHALAXMI CREDIT CO. OP. SOCIETY LTD.,,KHEDA vs. THE ITO, WARD- 3,, NADIAD

In the result, the appeal of the assessee is dismissed

disallowance u/s 80p(2)(d) of the act.” 3. The fact in brief is that assessee has filed return of income declaring income of Rs. nil on 17th Sep, 2015 after claiming deduction u/s. 80P at Rs. 19,49,051/-. The case was subject to scrutiny assessment and notice u/s. 143(2) of the act was issued on 27th July

THE BANAS DAIRY EMPLOYEES CREDIT & SUPPLY CONSUMERS CO.,OP. SOCIETY LTD.,,BANASKANTHA vs. THE ACIT,B.K.CIRCLE,, PALANPUR

In the result, appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed & Shri Siddharatha Nautiyalआयकर अपील सं./Ita No. 3/Ahd/2022 िनधा"रण वष"/Asstt. Year: 2017-2018 Banas Dairy Employees Credit & Supply A.C.I.T., Consumers Co-Op. Society Limited, Vs. B.K. Circle, Banas Dairy, Palanpur. Palanpur, Banaskantha-385001. Pan: Aaaab0631R

disallowance of the deduction claimed by the assessee under section 80P(2)(d) of the Act with respect to the interest income from the Nationalized banks/co-operative banks. 4. The facts in brief are that the assessee in the present case is a co-operative society and engaged in the business of providing credit facilities to its members. The assessee

MEHSANA TALUKA MADHYAMIK TEACHERS CREDIT & CONSUMERS SAHAKARI MANDALI LTD,MEHSANA vs. THE ITO, WARD-2, PRESENT WARD-1, MEHSANA

In the result, appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed (Accountant Member), Ms. Madhumita Roy (Judicial Member)

disallowance of the deduction claimed by the assessee under section 80P(2)(d) of the Act with respect to the interest income from the co- operative banks. 4. The facts in brief are that the assessee in the present case is a co-operative society and engaged in the business of providing credit facilities to its members. The assessee

SHREE UTKARSH CO OP CREDIT SOCIETY LTD.,MEHSANA vs. THE ITO, WARD-4, PATAN

In the result, appeal of the assessee is partly allowed

Bench: Shri Waseem Ahmed & Shri Siddharatha Nautiyalआयकर अपील सं./Ita No. 315/Ahd/2021 िनधा"रण वष"/Asstt. Year: 2017-2018 Shree Utkarsh Co-Op Credit Society I.T.O., Limited, Vs. Ward-4, Nani Shop No.35, Patan. Gate No.2, Unjha, Mehasana-384170. Pan: Aalas9670G

disallowance of the deduction claimed by the assessee under section 80P(2)(d) of the Act with respect to the interest income from the co-operative banks. 5. The facts in brief are that the assessee in the present case is a co-operative society and engaged in the business of providing credit facilities to its members. The assessee

DHANLAXMI CREDIT CO. OP. SOCIETY LTD.,MEHSANA vs. THE ITO, WARD-2, PATAN

In the result, Ground Number 3 of the appeal of the assessee is allowed

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

disallowance of section 80P(2)(d) of the Act in respect of interest received from cooperative banks: 5. We are of the considered view that this controversy has now been settled by the Gujarat High Court in the case of Principal Commissioner of Income-tax vs. Ashwinkumar Arban Co Operative Society Ltd. [2024] 168 taxmann.com 314 (Gujarat

THE UTTAR GUJARAT UMA CO.OP.CREDIT SOC. LTD,AHMEDABAD vs. ITO, WARD-6(1)(5), AHMEDABAD

In the result, appeal of the assessee is partly allowed

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasadआयकर अपील सं./I.T.A. Nos. 1670 & 1671/Ahd/2018 ("नधा"रण वष" / Assessment Year : 2014-15 & 2015-16)

iv) –-- (v) --- (vi) --- (vii) ---- the whole of the amount of profits and gains of business attributable to any one or more of such activities : ITA Nos. 1670 & 1671/Ahd/18 [The Uttar Gujarat Uma Co-op Credit Society Ltd. vs. ITO] A.Y. 2014-15 & 2015-16 - 7 - (b) ----------- (c) ----------- (d) in respect of any income by way of interest or dividends derived

INDUSTRIAL CO. OPERATIVE CREDIT SOCIETY LTD.,,KHEDA vs. THE PR. CIT-2,, VADODARA

In the result, the tax appeals are dismissed

Bench: Shri Rajpal Yadav, Vice- & Shri Waseem Ahmedआयकर अपील सं./ Ita No.1064/Ahd/2017 "नधा"रण वष"/Asstt. Year: 2012-13 Industrial Co-Operative Credit Vs. The Pr.Cit-2 Society Ltd. Vadodara. At-Kanjari, Anand-Nadiad Road Ta. : Nadiad, Dist: Kheda Pan : Aaaai 7424 B

disallowed, and added to the income of the assessee. In response thereto, the assessee amongst other, submitted that the assessee is a cooperative credit society and engaged in the business of providing credit facility to its members. It also accepts deposits from the members. The assessee was required to pay interest on deposits accepted from the members. The surplus fund

THE LADOL VIVTH KARYAKARI SAHKARI MANDLI LTD.,MEHSANA vs. THE ACIT, CIRCLE, PATAN

In the result, appeal of the assessee is allowed in part

Bench: Ms. Suchitra Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 525 To 527/Ahd/2024 (िनधा"रण वष" / Assessment Years : 2017-18, 2018-19 & 2020-21)

iv) and 80P(2) (c) of the Act. (4) The appellant craves leave to add, alter, amend any ground of appeal.” 3. Ground No.1 pertains to disallowance of Rs.1,95,850/- under Section

THE LADOL VIVTH KARYAKARI SAHKARI MANDLI LTD.,MEHSANA vs. THE ACIT, CIRCLE, PATAN

In the result, appeal of the assessee is allowed in part

Bench: Ms. Suchitra Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 525 To 527/Ahd/2024 (िनधा"रण वष" / Assessment Years : 2017-18, 2018-19 & 2020-21)

iv) and 80P(2) (c) of the Act. (4) The appellant craves leave to add, alter, amend any ground of appeal.” 3. Ground No.1 pertains to disallowance of Rs.1,95,850/- under Section

THE LADOL VIVTH KARYAKARI SAHKARI MANDLI LTD.,MEHSANA vs. THE ACIT, CIRCLE, PATAN

In the result, appeal of the assessee is allowed in part

Bench: Ms. Suchitra Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 525 To 527/Ahd/2024 (िनधा"रण वष" / Assessment Years : 2017-18, 2018-19 & 2020-21)

iv) and 80P(2) (c) of the Act. (4) The appellant craves leave to add, alter, amend any ground of appeal.” 3. Ground No.1 pertains to disallowance of Rs.1,95,850/- under Section

BALASINOR VIKAS CO. OP. CREDIT SOCIETY LTD.,,MAHISAGAR vs. DCIT, PANCHMAHAL CIRCLE,, GODHARA

In the result, all three appeals are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Vice-आयकर अपील सं./ Ita No. 08/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Balasinor Vikas Co-P. Credit Dcit, Panchmahal Circle Society Ltd. Vs Godhra Rajpuri Darwaja Dist. Panchmahal. Balasinor 388 255 Dist. Mahisagar. Pan : Aaaab 4748 H अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Sunil Talati, Ar Revenue By : Shri Dilipkumar S.Dr आयकर अपील सं./ Ita No. 2906/Ahd/2017 "नधा"रण वष"/Assessment Year: 2014-15 Shri Jalaram Mahila Co-Op Credit Dcit, Cir.3(1) Society Ltd. Vs Baroda. Jalaram Eye Hospital Compound Alipura, Bodeli 391 135 Dist. Chhotaudepur Pan : Aabas 5194 D आयकर अपील सं./ Ita No. 285/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Anand Catholic Co-Op. Credit Ito, Ward-2 Society Ltd. Vs Anand. Nr.D-Cabin, Gamdi Tal. & Dist. Anand 388 001. Pan : Aaaaa 5138 Q अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : None Revenue By : Shri Dilipkumar S.Dr सुनवाई क" तार"ख/Date Of Hearing : 03/02/2020 घोषणा क" तार"ख /Date Of Pronouncement : 04/02/2020 O R D E R Present Three Appeals Are Directed Against Separate Orders Of The Ld.Cit(A) Passed In The Cases Of Respective Assessee For The Asstt.Year 2014-15. Common Issue Involved In All These Three Appeals Relates To Quantification Of Deduction Admission Under Section 80P(2)(A)(I) & 80P(2)(D) Of The Income Tax Act, 1961, Therefore, I Proceed To Dispose Of All These Appeals By This Consolidated Order.

Iv Deduction claimed u/s.80P 10,90,906 V Proportionate deduction to be disallowed 6,27,200 Assessee further claimed an amount of Rs.338/- being the interest earned from deposits of the cooperative bank, and statutory standard deduction of Rs.50,000/- under section 80(2)(c)(ii) of the Act. The ld.AO considered submissions of the assessee and made a disallowance

THE ANAND CATHOLIC CO. OP. CREDIT SOCIETY LTD.,,ANAND vs. THE INCOME TAX OFFICER, WARD-2,, ANAND

In the result, all three appeals are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Vice-आयकर अपील सं./ Ita No. 08/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Balasinor Vikas Co-P. Credit Dcit, Panchmahal Circle Society Ltd. Vs Godhra Rajpuri Darwaja Dist. Panchmahal. Balasinor 388 255 Dist. Mahisagar. Pan : Aaaab 4748 H अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Sunil Talati, Ar Revenue By : Shri Dilipkumar S.Dr आयकर अपील सं./ Ita No. 2906/Ahd/2017 "नधा"रण वष"/Assessment Year: 2014-15 Shri Jalaram Mahila Co-Op Credit Dcit, Cir.3(1) Society Ltd. Vs Baroda. Jalaram Eye Hospital Compound Alipura, Bodeli 391 135 Dist. Chhotaudepur Pan : Aabas 5194 D आयकर अपील सं./ Ita No. 285/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Anand Catholic Co-Op. Credit Ito, Ward-2 Society Ltd. Vs Anand. Nr.D-Cabin, Gamdi Tal. & Dist. Anand 388 001. Pan : Aaaaa 5138 Q अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : None Revenue By : Shri Dilipkumar S.Dr सुनवाई क" तार"ख/Date Of Hearing : 03/02/2020 घोषणा क" तार"ख /Date Of Pronouncement : 04/02/2020 O R D E R Present Three Appeals Are Directed Against Separate Orders Of The Ld.Cit(A) Passed In The Cases Of Respective Assessee For The Asstt.Year 2014-15. Common Issue Involved In All These Three Appeals Relates To Quantification Of Deduction Admission Under Section 80P(2)(A)(I) & 80P(2)(D) Of The Income Tax Act, 1961, Therefore, I Proceed To Dispose Of All These Appeals By This Consolidated Order.

Iv Deduction claimed u/s.80P 10,90,906 V Proportionate deduction to be disallowed 6,27,200 Assessee further claimed an amount of Rs.338/- being the interest earned from deposits of the cooperative bank, and statutory standard deduction of Rs.50,000/- under section 80(2)(c)(ii) of the Act. The ld.AO considered submissions of the assessee and made a disallowance

SHRI JALARAM MAHILA CO. OP. CREDIT SOCIETY LTD.,,CHHOTAUDEPUR vs. THE DY. CIT, CIRCLE - 3(1),, BARODA

In the result, all three appeals are partly allowed for statistical purpose

Bench: Shri Rajpal Yadav, Vice-आयकर अपील सं./ Ita No. 08/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Balasinor Vikas Co-P. Credit Dcit, Panchmahal Circle Society Ltd. Vs Godhra Rajpuri Darwaja Dist. Panchmahal. Balasinor 388 255 Dist. Mahisagar. Pan : Aaaab 4748 H अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Sunil Talati, Ar Revenue By : Shri Dilipkumar S.Dr आयकर अपील सं./ Ita No. 2906/Ahd/2017 "नधा"रण वष"/Assessment Year: 2014-15 Shri Jalaram Mahila Co-Op Credit Dcit, Cir.3(1) Society Ltd. Vs Baroda. Jalaram Eye Hospital Compound Alipura, Bodeli 391 135 Dist. Chhotaudepur Pan : Aabas 5194 D आयकर अपील सं./ Ita No. 285/Ahd/2018 "नधा"रण वष"/Assessment Year: 2014-15 Anand Catholic Co-Op. Credit Ito, Ward-2 Society Ltd. Vs Anand. Nr.D-Cabin, Gamdi Tal. & Dist. Anand 388 001. Pan : Aaaaa 5138 Q अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : None Revenue By : Shri Dilipkumar S.Dr सुनवाई क" तार"ख/Date Of Hearing : 03/02/2020 घोषणा क" तार"ख /Date Of Pronouncement : 04/02/2020 O R D E R Present Three Appeals Are Directed Against Separate Orders Of The Ld.Cit(A) Passed In The Cases Of Respective Assessee For The Asstt.Year 2014-15. Common Issue Involved In All These Three Appeals Relates To Quantification Of Deduction Admission Under Section 80P(2)(A)(I) & 80P(2)(D) Of The Income Tax Act, 1961, Therefore, I Proceed To Dispose Of All These Appeals By This Consolidated Order.

Iv Deduction claimed u/s.80P 10,90,906 V Proportionate deduction to be disallowed 6,27,200 Assessee further claimed an amount of Rs.338/- being the interest earned from deposits of the cooperative bank, and statutory standard deduction of Rs.50,000/- under section 80(2)(c)(ii) of the Act. The ld.AO considered submissions of the assessee and made a disallowance

THE BAVLA GROUP SEVA SAHAKAR MANDALI LTD,BAVLA, AHMEDABAD vs. ITO, WARD 3(2)(5), AHMEDABAD, AMBAWADI, AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

disallowance of claim of deduction for a sum of Rs. 4,01,607/- on interest income earned by the assessee on funds parked with and dividend income earned from the Ahmedabad District Cooperative Bank Ltd. under Section 80P(2)(d) of the Act. 4. In appeal, Ld. CIT(A) held that interest income and dividend income earned by the assessee

SOHAMNAGAR CO-OP HOUSING SOCIETY VIBHAG-III,AHMEDABAD vs. THE ITO, WARD-3(3)(5), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

disallowance of the deduction u/s 80P of Rs. 2,80,904/-. 3.1 Without prejudice to above and in the alternative, the ld. AO has failed to appreciate that real income arising from the receipts and expenses of the society was chargeable to tax.” 3. The issue for consideration before us is whether the assessee is eligible for deduction under Section

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-2(1)(1), AHMEDABAD, AHMEDABAD vs. THE GUJARAT STATE CO. OP. HOUSING FINANCE CORPORATION LTD, AHMEDABAD

The appeals of the Revenue are hereby dismissed

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra Kamble

disallowing the interest income earned by the assessee by way of FD investment in other Co-op. Society, i.e. Gujarat State Co-op. Bank Ltd. (GSCB) and the rental income from HUDCO and SHARK Systems, which were claimed by the assessee u/s 80P(2)(d) of the Act. 4. Aggrieved, the assessee filed appeal before