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2 results for “house property”+ Section 80P(4)clear

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Mumbai71Bangalore28Delhi22Kolkata17Jaipur17Indore8Pune7Chandigarh7Cochin5Visakhapatnam3Rajkot2Ahmedabad2Chennai2Hyderabad2SC2Surat2Nagpur1

Key Topics

Section 5710Section 562Section 80P(2)(c)2Deduction2Disallowance2Addition to Income2

THE VENUS PARKLAND CO.OPERATGIVE HOUSING SERVICE SOCIETY LTD.,AHMEDABAD vs. THE INCOME TAX OFFICER,WARD-3(3)(5),, AHMEDABAD

In the result, the appeal filed by the Assessee is partly allowed

ITA 1039/AHD/2023[2018-19]Status: DisposedITAT Ahmedabad07 Aug 2024AY 2018-19

Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

Section 143(3)Section 56Section 57Section 80PSection 80P(2)(c)

section 80P(2) (c) (ii) of the Act which the Ld. A.O. has not allowed and for this purpose, assessee referred to the Ground No. 3 under which said relief is sought. Ld. Counsel by referring to Page 7 of Paper Book contended that the basic purpose of assessee co-op society is to maintain the property of the members

NAUTILUS PREMISE OWNERS ASSOCIATION,VADODARA vs. THE INCOME TAX OFFICER, WARD-1(2)(2), VADODARA

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 2146/AHD/2024[2017-18]Status: DisposedITAT Ahmedabad02 Sept 2025AY 2017-18

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

For Appellant: Shri Manish J Shah & Shri Rushin Patel, ARsFor Respondent: Shri Rajenkumar M Vasavda, Sr. DR
Section 56Section 57

4– 5. Swimming pool maintenance 6. Repairs and pest control 2. These expenses are clearly related to the general upkeep of the residential complex. They ensure the smooth functioning and maintenance of the property for the benefit of the members. However, these are operational costs that bear no direct relation to the generation of interest income from fixed deposits