DCIT CIRCLE-3(1)91), BENGALURU vs. G CORP PRIVATE LIMITED, BANGALORE

In the result is filed by the learned assessing officer is allowed

Bench: Shri Prashant Maharishi, Vice – & Shri Keshav Dubeyassessment Year : 2014-15

392. x. Thus the assessment was completed at the total income of ₹ 131,358,751 against the original income as per assessment order dated 6 December 2016 pursuant to the order of the learned CIT – A dated 30 June 2017 determined at ₹ 30,425,242/–. The assessment order was passed under section 143 (3) read with section

M/S. PRIMARY AGRICULTURAL CREDIT CO-OPERATIVE SERVICE SOCIETY LIMITED,BELTHANGADY vs. INCOME TAX OFFICER, WARD- 1, PUTTUR

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

Bench: Shri B.R. Baskaran & Smt Beena Pillaiita. No. 1306/Bang/2019 Assessment Year: 2016-17 M/S. Primary Agricultural Credit Co-Operative Service The Income Tax Officer, Society Ltd., Ward – 1, Puttur – Ujire, 574 201. Belthangady – 574 240. Vs. Pan: Aaaju0058J (Appellant) (Respondent) For Assessee: Shri Mahesh R. Uppin, Advocate For Revenue : Shri Priyadarshi Mishra, Addl.Cit.(Dr) Date Of Hearing : 30.08.2021 Date Of Pronouncement : 08.10.2021 Order Per Beena Pillai, Jm. Present Appeals Are Filed By The Assessee Against The Common Order Dated 14/03/2019 Passed By The Ld.Cit(A) Mangaluru For Assessment Year 2016-17 On The Following Grounds:

392 ITR 74 in the context of deduction u/s.80P(2)(d) of the Act, it was held by Hon’ble Karnataka High Court that deduction in respect of any income by way of interest or dividends derived by the co-operative society from its investments with any other co-operative society, the whole of Page 11 of 13 such income

INCOME TAX OFFICER WARD-1, BAGALKOT vs. SHRI BAPOOJI PATTIN SOUHARD SAHAKARI NIYAMIT , BAGALKOT

Bench: Shri Inturi Rama Rao & Shri Laliet Kumarassessment Year : 2013-14

house property chargeable under section 22. IT(TP)A No.309/Bang/2014 Page 6 of 12 Explanation.—For the purposes of this section, an "urban consumers' co-operative society" means a society for the benefit of the consumers within the limits of a municipal corporation, municipality, municipal committee, notified area committee, town area or cantonment. (3) In a case where the assessee

M/S KARNATAKA STATE GOVERNMENT HOUSE BUILDING CO-OPERATIVE SOCIETY LTD ,BANGALORE vs. INCOME TAX OFFICER WARD-3(2)(2), BANGALORE

In the result, all the three appeals of the assessee are partly allowed as common grounds of law are raised by the assessee

392 ITR 74W], wherein at para 10, it was held as under : 10. Admittedly, the interest which the assessee-respondent had earned was from a co-operative bank. Therefore, according to section 80P(2)(d) of the Income-tax Act, the said amount of interest earned from a co-operative bank would be deductible from the gross income

DCIT vs. M/S MINITECHS AEROTOOLS PVT. LTD.,,

In the result, the appeal by the Revenue is dismissed

Bench: Shri N.V. Vasudevan & Shri Abraham P. Georgeassessment Year : 2007-08

392. Since the assessee was retaining 50% of the undivided share of land of the property. The AO was of the view that only 50% of the aforesaid sum can be claimed as cost of acquisition. Similarly, a sum of Rs.17,59,087 was disallowed out of labour expenses. The CIT(Appeals) was of the view that those additions cannot

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA ,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,DAVANGERE vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSRANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

392 75,082 2013-14 47 ,725 33,408 81,133 2014-15 58,881 28,244 87,125 2015-16 48,122 22,136 70,258 73,128 2,88,210 2016-17 2, 15,082 Page 7 of 74 ITA No.507 to 566 /Bang/2020 Aggrieved by demand raised under section 201(1) and levy of interest under section