M/S. BHARAT BEEDI WORKS PRIVATE LIMITED,MANGALURU vs. DEPUTY COMMISIONER OF INCOME TAX, CENTRAL CIRCLE - 2, MANGALURU

disallowance made by the Learned AO under Section\n14A without recording the satisfaction is bad and invalid.\n7.\nBased on the above submissions, it is humbly prayed that the\nimpugned order for AY 2017-18 may be quashed.\n Assessment Years 2018-19 to 2020-21:\n1.\nIt is submitted that the Assessee's Appeal

THE KARNATAKA STATE COOPERATIVE AGRICULTURE AND DEVELOPMENT BANK LIMITED ,BANGLAORE vs. INCOME TAX OFFICER, WARD-5(2)(1), BENGALURU

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

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year: 2022-23

56 of the Act. . Page 8 of 38 7.11 In conclusion, the assessee submitted that the AO wrongly disallowed deduction under section 80P of the Act by adopting an unduly restrictive interpretation of the provision. It was contended that either the entire amount of ₹19,20,74,941/- is eligible for deduction under section 80P(2

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK ,BENGALURU vs. INCOME-TAX OFFICE, WARD-5(2)(1), BENGALURU

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

disallowance of guarantee commission under Section 43B was set aside, remanding the issue to the AO.", "result": "Partly Allowed", "sections": [ "80P(2)(a)(i)", "80P(2)(d)", "80P(4)", "43B", "56

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1) , BANGALORE

56 of the Act (emphasis drawn from\nparas 10-11 of the judgment).\n17.2 Now coming to the merits of the disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

56 of the Act (emphasis drawn from\nparas 10-11 of the judgment).\n17.2 Now coming to the merits of the disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section

INCOMETAX OFFICER, WARD 1, UDUPI, UDUPI vs. BRAHMAVARA VYAVASAYA SEVA, BRAHMAVARA

In the result, the appeals filed by Revenue are allowed and the COs\nfiled by the assessee are allowed for statistical purposes

disallowance under\nsection 80P(2)(d) of the Act.\n5.\nAs regards the Assessment Years 2018-19 and 2020-21, the AO\nnoticed that the assessee had claimed deduction under section 80P(2)(a)(i)\nof the Act for the interest income earned from investments with co-\noperative banks. The AO was of the view that the aforesaid interest income

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

56 of the Act (emphasis drawn from\nparas 10-11 of the judgment).\n17.2 Now coming to the merits of the disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD- 5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

56 of the Act (emphasis drawn from\nparas 10-11 of the judgment).\n17.2 Now coming to the merits of the disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. THE INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

56 of the Act (emphasis drawn from\nparas 10-11 of the judgment).\n17.2 Now coming to the merits of the disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

56 of the Act (emphasis drawn from\nparas 10-11 of the judgment).\n\n17.2 Now coming to the merits of the disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section

INCOME TAX OFFICER, WARD 1, UDUPI, UDUPI vs. BRAHMAVARA VYAVASAYA SEVA, BRAHMAVARA

In the result, the appeals filed by Revenue are allowed and the COs\nfiled by the assessee are allowed for statistical purposes

disallowance under\nsection 80P(2)(d) of the Act.\n5. As regards the Assessment Years 2018-19 and 2020-21, the AO\nnoticed that the assessee had claimed deduction under section 80P(2)(a)(i)\nof the Act for the interest income earned from investments with co-\noperative banks. The AO was of the view that the aforesaid interest income

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME-TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

56 of the Act (emphasis drawn from\nparas 10-11 of the judgment).\n17.2 Now coming to the merits of the disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

56 of the Act (emphasis drawn from\nparas 10-11 of the judgment).\n17.2 Now coming to the merits of the disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section

M/S. BHARAT BEEDI WORKS PRIVATE LIMITED,MANGALURU vs. DEPUTY COMMISIONER OF INCOME TAX, CENTRAL CIRCLE - 2, MANGALURU

In the result, all the appeals filed by the assessee are allowed

disallowance made by the Learned AO under Section\n14A without recording the satisfaction is bad and invalid.\n\n7.\nBased on the above submissions, it is humbly prayed that the\nimpugned order for AY 2017-18 may be quashed.\n\n Assessment Years 2018-19 to 2020-21:\n\n1.\nIt is submitted that the Assessee's Appeal

INCOME-TAX OFFICER, WARD-1, UDUPI, UDUPI vs. BRAHMAVARA VYAVAYASAYA SEVA, BRAHMAVARA

In the result, the appeals filed by Revenue are allowed and the COs\nfiled by the assessee are allowed for statistical purposes

disallowance under\nsection 80P(2)(d) of the Act.\n5. As regards the Assessment Years 2018-19 and 2020-21, the AO\nnoticed that the assessee had claimed deduction under section 80P(2)(a)(i)\nof the Act for the interest income earned from investments with co-\noperative banks. The AO was of the view that the aforesaid interest income

M/S. TUV RHEINLAND NIFE ACADEMY PRIVATE LIMITED,BENGALURU vs. INCOME TAX OFFICER, WARD-7(1)(2),, BENGALURU

In the result, the assessee’s appeal for Assessment Year 2015-16

Bench: Shri N. V. Vasudevanand Shri Jason P. Boazassessment Year : 2015-16 M/S. Tuv Rheinland Nife Vs. The Income Tax Officer, Academy Pvt. Ltd., Ward-7(1)(2), No.27/B, 2Nd Cross, 13, Bengaluru. Konappan Agrahara, Begur Hobli, Electronic City, Bangalore – 560 100. Pan : Aaect 8703 A Appellant Respondent

section 56(2)(viib) of the Act read with Rule 11UA(2) of the Rules the Ld. AO had no jurisdiction to adopt a different method than the one adopted by the assessee, and if for any reason the AO has any doubt recording such valuation report and does not agree with the same is bound to make a reference

INCOME-TAX OFFICER, WARD-7(2)(1), BENGALURU, BENGALURU vs. M/S. BANGALORE CREDIT CO-OPERATIVE SOCIETY LIMITED, BENGALURU

In the result both the appeals of the Revenue as well as\nCos of the Assessee for the Asst

Disallowance of deduction u/s 80P(2)(a)(i) of the\nIncome Tax Act, 1961.\n\n13.1 The ld. A.R. submitted that the interest income from\ninvestments in various co-operative societies and banks are entitled\nfor deduction u/s.80P(2)(a)(i) of the Act. The details of the interest\nfrom investments in Co-operative Banks are as follows:\n\nParticulars

M/S. DAKSHINA KANNADA NIRMITHI KENDRA,MANGALURU vs. THE DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTIONS), CIRCLE -1, MANGALURU

In the result, all appeals filed by the assessees in all the assessees’ appeals are dismissed except for assessment year

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2013-14

section 11 of the IT Act cannot be denied by invoking 1st proviso to section 2 (15) if the primary/ dominant objects are not (a) in the nature of trade, commerce or business; or (b) rendering any service in relation to any trade, commerce or business. 4.29 It is reiterated that the Assessee’s main objects do not involve carrying