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

section 80P(2)(a)(i) in the pending appeals has been\nchallenged by the assessee for the years under consideration in\nfollowing grounds:\n\nPage 14 of 48\n\nITA Nos. 1052 to 1060/Bang/2023\n\nAppeal No.\n\n Assessment Year\n\nGround Number\n\nITA No. 1052/Bang/2023\n2012-13\n2, 5, 6\n\nITA No. 1054/Bang/2023\n2013

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

section 80P(2)(a)(i) in the pending appeals has been\nchallenged by the assessee for the years under consideration in\nfollowing grounds:\nPage 14 of 48\nITA Nos. 1052 to 1060/Bang/2023\nAppeal No.\n Assessment Year Ground Number\nITA No. 1052/Bang/2023\n2012-13\n2, 5, 6\nITA No. 1054/Bang/2023\n2013-14\n3, 6, 7\nITA No. 1055/Bang/2023\n2014

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

section 80P(2)(a)(i) in the pending appeals has been\nchallenged by the assessee for the years under consideration in\nfollowing grounds:\nPage 14 of 48\nITA Nos. 1052 to 1060/Bang/2023\nAppeal No.\n Assessment Year Ground Number\nITA No. 1052/Bang/2023\n2012-13\n2, 5, 6\nITA No. 1054/Bang/2023\n2013-14\n3, 6, 7\nITA No. 1055/Bang/2023\n2014

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

section 80P(2)(a)(i) in the pending appeals has been\nchallenged by the assessee for the years under consideration in\nfollowing grounds:\nPage 14 of 48\nITA Nos. 1052 to 1060/Bang/2023\nAppeal No.\n Assessment Year Ground Number\nITA No. 1052/Bang/2023\n2012-13\n2, 5, 6\nITA No. 1054/Bang/2023\n2013-14\n3, 6, 7\nITA No. 1055/Bang/2023\n2014

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

section 80P(2)(a)(i) in the pending appeals has been\nchallenged by the assessee for the years under consideration in\nfollowing grounds:\nPage 14 of 48\nITA Nos. 1052 to 1060/Bang/2023\nAppeal No.\n Assessment Year Ground Number\nITA No. 1052/Bang/2023\n2012-13\n2, 5, 6\nITA No. 1054/Bang/2023\n2013-14\n3, 6, 7\nITA No. 1055/Bang/2023\n2014

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

section 80P(2)(a)(i) in the pending appeals has been\nchallenged by the assessee for the years under consideration in\nfollowing grounds:\nPage 14 of 48\nITA Nos. 1052 to 1060/Bang/2023\nAppeal No.\n Assessment Year Ground Number\nITA No. 1052/Bang/2023\n2012-13\n2, 5, 6\nITA No. 1054/Bang/2023\n2013-14\n3, 6, 7\nITA No. 1055/Bang/2023\n2014

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

section 80P(2)(a)(i) in the pending appeals has been\nchallenged by the assessee for the years under consideration in\nfollowing grounds:\nPage 14 of 48\nITA Nos. 1052 to 1060/Bang/2023\nAppeal No.\n Assessment Year\nGround Number\nITA No. 1052/Bang/2023\n2012-13\n2, 5, 6\nITA No. 1054/Bang/2023\n2013-14\n3, 6, 7\nITA No. 1055/Bang/2023\n2014

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

section 80P(2)(a)(i) in the pending appeals has been\nchallenged by the assessee for the years under consideration in\nfollowing grounds:\nPage 14 of 48\nITA Nos. 1052 to 1060/Bang/2023\nAppeal No.\n Assessment Year Ground Number\nITA No. 1052/Bang/2023\n2012-13\n2, 5, 6\nITA No. 1054/Bang/2023\n2013-14\n3, 6, 7\nITA No. 1053/Bang/2023\n2014

KRISHNARAJAPET TALUK AGRI PRO CO OP MARKETING SOCIETY,MANDYA vs. PRINCIPAL COMMISSIONER OF INCOME TAX, MYSORE

In the result, appeal of the assessee is treated as partly allowed for statistical purpose

Bench: Shri N.V. Vasudevan & Shri B. R. Baskaranassessment Year : 2015-16 M/S. Krishnarajapet Taluk Agri Pro Co-Op Vs. Pr. Commissioner Of Income Tax, Marketing Society Ltd., Mysore. K. R. Pet, K. R. Pet Taluk, Mandya 571 426. Pan : Aaaak 4566 E Appellant Respondent Assessee By : Shri. Shankar Gowda H, Fca Revenue By : Shri. Sankar Ganesh K, Jcit(Dr)(Itat), Bengaluru. Date Of Hearing : 08.02.2022 Date Of Pronouncement : 08.02.2022 O R D E R Per N. V. Vasudevan: V. Vasudevan

house property amounting to Rs. 1,66,740.00, and Income from other source amounting to Rs. 7,00,160.00 which comprises of 1. Interest received from MDCC 3,91,931.00 Bank 2. Share Dividend received from 2,00,000.00 IFFCO Share 3. Dividend received from 1,07,000.00 KRIBHCO 4. Interest received from 1,229.00 SBI, AXIS Bank & IT Refund

INCOMETAX OFFICER, WARD-1(1), TIPTUR vs. SRIUDAYARAVI CREDIT CO-OP, TIPTUR

In the result, appeals of the Revenue are dismissed

House Construction Loans, Property Mortgage Loans and\nVehicle Loans. The Bye-laws of the society is enclosed and marked as\nAnnexure 1.\nb) For the impugned year, the Respondent filed the return of income\nclaiming deduction u/s 80P of the Act.\nc) The learned AO disallowed deduction u/s 80P of the Act as\ntheprinciple of mutuality does not exist between

THE CHITRADURGA CITY MULTI PURPOSE CO-OP SOCIETY,CHITRADURGA vs. CIT, DAVANGERE

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

Bench: Shri. N. V. Vasudevan & Shri. Abraham P. George

section 80P of the Act wherein it is provided that if a co-operative society carrying on banking business receives income from house property

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

80P. (1) Where, in the case of an assessee being a co-operative society, the gross total income includes any income referred to in sub-section (2), there shall be deducted, in accordance with and subject to the provisions of this section, the sums specified in sub-section (2), in computing the total income of the assessee. (2) The sums

SIDDHARATHA PATTINA SAHAKARI SANGHA NIYAMITA,BELLARY vs. INCOME TAX OFFICER, WARD-1 & TPS, HOSPET

Bench: Shri Waseem Ahmed & Shri Soundararajan Kassessment Year: 2017-18

section 80P of the Act on its main activities with members. 20.3 We are of the considered view that that the doctrine of mutuality is not destroyed merely because the club or organization earns income from incidental or minor transactions with non-members. What matters is whether the predominant activity is mutual in nature. We find that Hon’ble Patna

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:

80P(2)(a)(i) of the Act in the light of definition of that expression as contained in the concerned co-operative societies Act. In view of this, the facts are to be examined in the light of principles laid down by the Hon’ble Supreme Court in Mavilayi Service Cooperative Bank Ltd. (supra). Accordingly, we remit this issue

INCOMETAX OFFICER, WARD-1, TIPTUR vs. SRI UDAYRAVI CREDIT CO-OP, TIPTUR

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

House Construction Loans, Property Mortgage Loans and Vehicle Loans. The Bye-laws of the society is enclosed and marked as Annexure 1. b) For the impugned year, the Respondent filed the return of income claiming deduction u/s 80P of the Act. c) The learned AO disallowed deduction u/s 80P of the Act as theprinciple of mutuality does not exist between

M/S. RYTHARA SEVA SAHAKARA SANGHA NIYAMITHA,BANGALORE vs. INCOME TAX OFFICER, WARD- 6(2)(5), BANGALORE

Bench: Shri A.K. Garodia & Shri Pavan Kumar Gadalem/S. Rythara Seva Sahakara Sangha Niyamitha, Hesaraghatta, Opp. Bmtc Bus Stop, Hesaraghatta Mainroad, Bangalore-560 088 ….Appellant Pan Aacar1587N Vs. Income Tax Officer, Ward 6(2)(5), Bangalore. ……Respondent.

house property, business income and interest income. The return of income was processed under Section 143(1) of the Act on 2.11.2016. Subsequently, the case was selected for scrutiny under CASS and e-Notice under Section 143(2) and 142(1) of the Act were issued. In compliance, the assessee has furnished copies of computation of income, Balance Sheet, Bank

THE IDEAL HOMES CO-OPERATIVE BUILDING SOCIETY LIMITED,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE3(1)(1), BANGALORE

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

Bench: Shri George George K. & Shri Laxmi Prasad Sahuassessment Year : 2020-21

house property of Rs.1,37,257, loss from business of (-) Rs.87,37,294 and income from other sources of Rs.98,49,424, resultantly net taxable income was declared of Rs.12,49,887 and claimed deduction u/s. 80P(2)(d) of Rs.12,49,887. Accordingly there was a net taxable income of NIL. 3. The return was processed

THE NARAGUND TALUKA PRATHAMIKA SHIKSAK SHIKSAKIYAR CO OP CREDIT S LIMITED ,NARGUND vs. INCOME TAX OFFICER, WARD-1, GADAG

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Assessment Year : 2018-19

house property owned by the assessee and therefore the disallowance made by the AO is not correct. The assessee also pointed out the mistake in the computation sheet and contended that in the assessment order, the total income has been determined at Rs. 3,09,103/- whereas by mistakenly in the computation sheet, the other interest income was taken