SHRI. SHANTHISAGAR CO OP CREDIT SOCIETY LIMITED,HUBLI vs. INCOME TAX OFFICER, WARD-2(1), HUBLI

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

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year: 2017-18

section 80P(2)(a)(i) or 80P(2)(d) of the Act on the interest amount of Rs. 47,692/- earned from deposit with the SUCO Bank. Further, the AO noted that the said interest amount of Rs. 47,689/- is 1.4% of gross receipt of the assessee for the year under consideration. Therefore, only proportionate amount shall be disallowed

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

section 194J & 194H of the Act respectively & therefore the disallowance u/s 40(a)(ia) of the Act amounting to Rs.5,62,299/-\nwas confirmed by the ld. CIT(A)/NFAC.\niv) Lastly, with regard to the disallowance of the deduction u/s 80P(2)(d

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

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

d) of section 80P of the Act would not apply to the facts and circumstances of the case. In view of the above, he prayed that the disallowance of assessee Society’s claim of deduction of interest income earned from co-operative banks may be restored. 13. The ld. A.R. on the other hand in his written submissions, submitted

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 claimed under Section 80P(2)(d) of the Income Tax Act on interest income earned from investments

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

disallowed the deduction under\nSection 80P(2)(a)(i) holding that the appellant/assessee is neither a\nprimary agricultural credit society nor a primary co-operative\nagricultural and rural development bank. The Ld.AO therein held\nthat the appellant/assessee is a \"co-operative bank\" and thus, was\nhit by the provisions of Section 80(P)(4) and was not entitled

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

disallowed the deduction under\nSection 80P(2)(a)(i) holding that the appellant/assessee is neither a\nprimary agricultural credit society nor a primary co-operative\nagricultural and rural development bank. The Ld.AO therein held\nthat the appellant/assessee is a "co-operative bank" and thus, was\nhit by the provisions of Section 80(P)(4) and was not entitled

THE BBR & RDCC BANK EMPLOYEES CO-OP SOCIETY LIMITED ,BANGALORE vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, all the four appeals are allowed for statistical purposes

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

disallowing the entire deduction claimed under section 80P of the Act under section 143(3)r.w.s. 254 of the Act the interest received of Rs.18,07,490/-. This is second round of proceeding before us. In the first round of proceeding in ITA No.17/Bang/2023 vide Order dated 06.02.2023, the Co-ordinate Bench held as under: “7. The Tribunal

THE BBR & RDCC BANK EMPLOYEES CO-OP SOCIETY,BANGALORE vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, all the four appeals are allowed for statistical purposes

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

disallowing the entire deduction claimed under section 80P of the Act under section 143(3)r.w.s. 254 of the Act the interest received of Rs.18,07,490/-. This is second round of proceeding before us. In the first round of proceeding in ITA No.17/Bang/2023 vide Order dated 06.02.2023, the Co-ordinate Bench held as under: “7. The Tribunal

THE BBR & RDCC BANK EMPLOYEES CO-OP SOCIETY ,BANGALORE vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, all the four appeals are allowed for statistical purposes

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

disallowing the entire deduction claimed under section 80P of the Act under section 143(3)r.w.s. 254 of the Act the interest received of Rs.18,07,490/-. This is second round of proceeding before us. In the first round of proceeding in ITA No.17/Bang/2023 vide Order dated 06.02.2023, the Co-ordinate Bench held as under: “7. The Tribunal

THE BBR & RDCC BANK EMPLOYEES CO-OP SOCIETY LIMITED,BANGALORE vs. ITO, WARD-5(2)(1), BENGALURU

In the result, all the four appeals are allowed for statistical purposes

Section 80P(2)(a)(i) and 80P(2)(d) on interest income earned from investments. The Assessing Officer disallowed these

NAGINI COOPERATIVE CREDIT SOCIETY LIMITED ,BANGALORE vs. INCOME TAX OFFICER, WARD-6(2)(1), BANGALORE

In the result, the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

disallowance made by the AO by relying on the judgment of the Hon’ble Supreme Court is not correct. 12. The subsequent judgment of the Hon’ble Karnataka High Court reported in 395 ITR 611, the question arose for the consideration of the Hon’ble High Court is that whether the assessee is entitled for deduction u/s. 80P(2)(d

NAGINI CO-OPERATIVE CREDIT SOCIETY LIMITED ,BANGALORE vs. INCOME TAX OFFICER, WARD-6(2)(1), BANGALORE

In the result, the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

disallowance made by the AO by relying on the judgment of the Hon’ble Supreme Court is not correct. 12. The subsequent judgment of the Hon’ble Karnataka High Court reported in 395 ITR 611, the question arose for the consideration of the Hon’ble High Court is that whether the assessee is entitled for deduction u/s. 80P(2)(d

NAGINI COOPERATIVE CREDIT SOCIETY LIMITED ,BANGALORE vs. INCOME TAX OFFICER, WARD-6(2)(1), BANGALORE

In the result, the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

disallowance made by the AO by relying on the judgment of the Hon’ble Supreme Court is not correct. 12. The subsequent judgment of the Hon’ble Karnataka High Court reported in 395 ITR 611, the question arose for the consideration of the Hon’ble High Court is that whether the assessee is entitled for deduction u/s. 80P(2)(d

THE BELTHANGADY CO-OPERATIVE AGRICULTURAL SANGHA LIMITED,BELTHANGADY vs. INCOME TAX OFFICER, WARD-1, , PUTTUR

In the result, the appeal of the assessee is hereby partly allowed\nfor statistical purposes

disallowance made by\nthe AO under the provisions of section 80P(2)(a)(i) of the Act.\n3. Briefly stated facts are that the Assessee is an Agricultural Co-\nOperative Society registered under the Karnataka Co-operative Societies\nAct, 1959. The Society is engaged in accepting deposits from members\nand lending the same to its members. For the relevant assessment

RAITHARA ARECANUT MARKETING AND PROCESSING CO-OPERATIVE SOCIETY LIMITED ,BHADRAVATHI vs. INCOME TAX OFFICER, WARD-1 AND TPS, SHIMOGA

In the result, the appeal of the assessee stands allowed for statistical purpose

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Years : 2020-21

disallowance made by the AO for Rs. 60,67,580/- under the provisions of section 80P(2)(a)(i) of the Act. 3. The assessee in the year under consideration has claimed a deduction of Rs. 60,67,577/- under the provisions of sec. 80P(2)(d

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

section 80P(2)(a)(i) of the Act for interest received from\nPage 4 of 22\nITA Nos.656, 667, 668/Bang/2024\nC.O. Nos. 10, 11, 12/Bang/2024\nCo-operative Banks, the AO did not make any separate disallowance under\nsection 80P(2)(d

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

section 80P(2)(a)(i) of the Act for interest received from\nPage 4 of 22\nITA Nos.656, 667, 668/Bang/2024\nC.O. Nos. 10, 11, 12/Bang/2024\nCo-operative Banks, the AO did not make any separate disallowance under\nsection 80P(2)(d

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

section 80P(2)(a)(i) of the Act for interest received from\nco-operative Banks, the AO did not make any separate disallowance under\nsection 80P(2)(d