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

disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section is of great importance. Hon'ble Supreme Court\nconsidered the meaning of the word 'attributable' as supposed to\nderive from its use in various other provisions of the statute, in\nthe case of Cambay\nElectric\nSupply Industrial Co.\nLtd

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

disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section is of great importance. Hon'ble Supreme Court\nconsidered the meaning of the word 'attributable' as supposed to\nderive from its use in various other provisions of the statute, in\nthe case of Cambay\nElectric\nSupply Industrial Co.\nLtd

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

disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section is of great importance. Hon'ble Supreme Court\nconsidered the meaning of the word 'attributable' as supposed to\nderive from its use in various other provisions of the statute, in\nthe case of Cambay\nElectric\nSupply Industrial Co.\nLtd

ARATHI VINAY PATIL ,BANGALORE vs. INCOME TAX OFFICER, WARD-4(3)(4), BENGALURU

In the result, appeal of the assessee is allowed

Bench: Shri Chandra Poojari & Shri Keshav Dubeyassessment Year: 2019-20

80J(6A) which are similar to the provisions of Section 80IA(7), we feel that the Tribunal has arrived at the correct conclusion that the requirement of filing the audit report along with the return is not mandatory but directory and that if the audit report is filed at any time before the framing of the assessment, the requirement

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

disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section is of great importance. Hon'ble Supreme Court\nconsidered the meaning of the word 'attributable' as supposed to\nderive from its use in various other provisions of the statute, in\nthe case of Cambay\nElectric\nSupply Industrial Co.\nLtd

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

disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section is of great importance. Hon'ble Supreme Court\nconsidered the meaning of the word 'attributable' as supposed to\nderive from its use in various other provisions of the statute, in\nthe case of Cambay\nElectric\nSupply Industrial Co.\nLtd

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

disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section is of great importance. Hon'ble Supreme Court\nconsidered the meaning of the word 'attributable' as supposed to\nderive from its use in various other provisions of the statute, in\nthe case of Cambay\nElectric\nSupply Industrial Co.\nLtd

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

disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section is of great importance. Hon'ble Supreme Court\nconsidered the meaning of the word 'attributable' as supposed to\nderive from its use in various other provisions of the statute, in\nthe case of Cambay\nElectric\nSupply Industrial Co.\nLtd

INCOME TAX OFFICER,WARD-1, HOSPET vs. GAYATRI PATTINA SOUHARDA SAHAKARI SANGHA NIYAMITHA, HOSPET, HOSPET

In the result appeal filed by the Revenue is partly allowed for statistical purposes

disallowance u/s 80P(2)(d) of the Act as the interest income has been earned from investment in FDs with Co-operative banks/other banks. Further, the ld. DR relied on the decision of Hon'ble High Court of Karnataka Dharwad Division Bench in the case of Pr. CIT Hubballi Vs. Totgar's Co-operative Sale Society Ltd, Sirsi

IBM GLOBAL SERVICES INDIA PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-11(1), BANGALORE

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

Bench: Smt. Beena Pillai & Shri Laxmi Prasad Sahuassessment Year : 2000-2001

disallowance made in the assessment order was denying exemption claimed u/s. 10A of the act on the ground that, the export turnover brought into India does not amount to 75 percent of the total turnover of the STP unit. It was submitted by the assessee that, it treated export credits of the bank account maintained

SHRI SHIVAJI MAHARAJ CREDIT CO-OP SOCIETY LTD,BIJAPUR vs. INCOME TAX OFFICER, WARD-1 AND TPS, VIJAYPUR

In the result, all the appeals filed by the assessee stands\nallowed for statistical purposes

disallowance made u/s. 80P(2)(a)(i) by the\nLd.CIT(A)/NFAC, the word 'attributable' used in the said Section\nis of great importance. Hon'ble Supreme Court considered the\nmeaning of the word 'attributable' as supposed to derive from its\nuse in various other provisions of the statute, in the case\nof Cambay Electric Supply Industrial

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

disallowed the deduction u/s 80P(2)(d) of the Act. It is\nsubmitted that the investments were made out of surplus funds\nand relied on the decision of Hon'ble Karnataka High Court in the\ndecision of PCIT v. Totagars Co-operative Sale Society 392 ITR 74\nwherein it was held that the interest earned on deposits

JAMMANAHALLY PRATHAMIKA KRISHI PATTINA SAHAKARA SANGHA,BALLUPET vs. INCOME TAX OFFICER, WARD-2, HASSAN

In the result ITA No. 192/Bangalore/2025 filed by the assessee is allowed

Bench: Shri Prashant Maharishi

disallowance for one reason that the assessee did not appear before the learned CIT A despite given many opportunities for the hearing, holding as under :- "DECISION: As per the income and expenditure statement submitted, the assesse has declared income on deposits of Rs. 36,58,271/-. Hence, it is evident that the assesse is having interest income, which

JAMMANAHALLY PRATHAMIKA KRISHI PATTINA SAHAKARA SANGHA,SAKLESHPUR vs. INCOME TAX OFFICER, WARD -2, HASSAN

In the result ITA No. 192/Bangalore/2025 filed by the assessee is allowed

Bench: Shri Prashant Maharishi

disallowance for one reason that the assessee did not appear before the learned CIT A despite given many opportunities for the hearing, holding as under :- "DECISION: As per the income and expenditure statement submitted, the assesse has declared income on deposits of Rs. 36,58,271/-. Hence, it is evident that the assesse is having interest income, which

SHREE JAGADGURU MOUNESHWAR PATTIN SAHAKARI SANGH NIYAMIT KERUR,BAGALKOT vs. INCOME TAX OFFICER, WARD-1, BAGALKOT

In the result the appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi

disallowed. Assessment order u/s 143(3) read with section 144B of the Income tax Act was passed on 20/09/2022. 6. The assessee preferred an appeal before the learned CIT – A unsuccessfully wherein after considering the submissions of the assessee he relying on the decision of the honourable Karnataka High Court in case of principal Commissioner of income tax versus Totgars

KUMBRA VYAVASAYA SEVA SAHAKARY BANK LIMITED,PUTTUR vs. INCOME TAX OFFICE, WARD-1, , PUTTUR

In the result, the appeal filed by the assessee stands partly\nallowed for statistical purposes

disallowance made u/s.\n80P(2)(d) by the authorities below, the word 'attributable' used in\nthe said Section is of great importance. Hon'ble Supreme Court\nconsidered the meaning of the word 'attributable' as supposed to\nderive from its use in various other provisions of the statute, in\nthe case of Cambay Electric Supply Industrial Co.\nLtd

INCOME TAX OFFICER, WARD 1, UDUPI, UUPI vs. KAMBADAKONE RYTARA SEVA SAHAKARI SANGHA LTD, UDUPI

disallowance. Therefore, we allow this ground of\ncross objection of the assessee.\n10.4.8 Accordingly, we set-aside the order of ld. CIT(A)/NFAC\non this issue and remit this issue to the file of AO to recompute the\ncorrect business profit & Gross Total Income after taking into\nconsideration the interest Income accrued to the assessee &\nthereafter determine the correct

INCOME TAX OFFICER, WARD-1, UDUPI vs. KAMBADAKONE RYTARA SEVA SAHAKARI SANGHA LTD, UPPUNDA

disallowance. Therefore, we allow this ground of\ncross objection of the assessee.\n10.4.8\nAccordingly, we set-aside the order of ld. CIT(A)/NFAC\non this issue and remit this issue to the file of AO to recompute the\ncorrect business profit & Gross Total Income after taking into\nconsideration the interest Income accrued to the assessee &\nthereafter determine the correct