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

In the result, appeals of the Revenue are dismissed

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

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

c) of sub-section (2) of section 80P of the Act. In support of their submission that clause (l) of sub-section (1) of section 6 of the Regulation Act must be understood as banking business, they referred to us the decision of the hon'ble Supreme Court in the case of Gujarat State Co-operative Bank

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. 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:

C-9(1), Hyderabad in Civil Appeal No.10245 of 2017 dated 8.08.2017 is applicable to the facts of the assessee society. 6.2. The Ld.CIT(A) also held that, in the assessee's case, mutuality principles have failed as substantial business is being carried out with the general public or nominal members and also in view of the assessee being registered

BHARATH CREDIT CO-OPERATIVE SOCIETY LIMITED ,BANGALORE vs. PR. CIT, BANGALORE -1, BANGALORE

In the result the appeal filed by the assessee is allowed

Bench: Ms. Padmavathy S. & Shri Keshav Dubeyassessmentyear:2020-21

House Property and remaining income earned under head Business & Profession amounting to Rs. 40,23,937/- claimed deduction u/s 80P(2)(a)(i) of the Act. 6) The claim of deduction is duly examined and found that the same is as per provisions of the Act. 7) The case of the assessee falls in the category of providing credit facilities

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

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

SHRI. GURULINGESHWAR SOUHARD PATTIN SAHAKARI NIYAMIT SINDAGI,BIJAPUR vs. INCOME TAX OFFICER, WARD-1 & TPS, BIJAPUR

In the result, appeal filed by the assessee is allowed for statistical purpsoes

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubeyassessment Year : 2020-21 Ms. Shri Gurulingeshwar Souhard Pattin Sahakari Vs. Dcit - 3(3)(1), Niyamit Sindagi, Hmt Building, 1, Main Road, Bangalore. Sindagi – 586 128,Karnataka. Pan : Aajas 1983 N Appellant Respondent Assessee By : Shri. Veeranna M Murgod, Ca Revenue By : Shri. Subramanian S,Jcit(Dr)(Itat), Bangalore. Date Of Hearing : 07.10.2025 Date Of Pronouncement : 15.10.2025

House Building Co-operative Society Ltd vs ITO W-2 MYSURU in ITA No. 93/2024 order dated 16th Sep 2025 in regard to deduction u/s 80P(2)(d) of the Act 7. Considering the rival submissions and on perusal of entire material available on record and Orders of authorities below, we noted that here the dispute is on 2 issues

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

80P(2)(d). In this regard, the Ld. AR submitted that the assessee is a Housing Cooperative Society and filed return of income for AY 2009-10. Thereafter the AO had issued notice u/s.148 of the Act and in response thereto the assessee filed the return of income declaring nil income after claiming deduction u/s.80P2

ITO, WARD-6(3)(1), BANGALORE, BANGALORE vs. SAHAKARA NAGAR CREDIT CO-OPERATIVE SOCIETY LIMITED, BANGALORE

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

house property. The AO held that the assessee cannot be allowed to compute income as per section 22 of the Act. As such the AO held the receipt covered under section 80P(2)(c

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

property (64,149.00) b) Income from Business 50,04,395.00 c) Income from other sources 38,58,473.00 ---------------- 87,98,719.00 Less: Deduction u/s. 80 C 1,50,000.00 80 TTA 10,000.00 80 IA 50,04,395.00 ---------------- 56,64,395.00 ---------------- 36,34,320.00 ========== Arathi Vinay Patil, Bangalore Page 3 of 14 2.2. The book profit computed

M/S. YASHA PATTINA SOUHARDA SAHAKARI NI,RAICHUR vs. ITO, WARD-1, , RAICHUR

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

Bench: Shri Chandra Poojariassessment Year: 2019-20

property exceeding a specified floor area, whether by way of ownership, tenancy or otherwise, as may be specified by the Board in this behalf; or (ii) is the owner or the lessee of a motor vehicle other than a two-wheeled motor vehicle, whether having any detachable side car having extra wheel attached to such two-wheeled motor vehicle

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

Bench: Shri Chandra Poojari & Smt Beena Pillai

section 80P(2)(a)(i) in the pending appeals has been challenged by the assessee for the years under consideration in following grounds: Page 14 of 48 ITA Nos. 1052 to 1060/Bang/2023 Appeal No. Assessment Year Ground Number ITA No. 1052/Bang/2023 2012-13 2, 5, 6 ITA No. 1054/Bang/2023 2013-14 3, 6, 7 ITA No. 1055/Bang/2023 2014-15 2

THE METROPOLITAN CO-OPERATIVE HOUSING SOCIETY LIMITED,BANGALORE vs. DCIT, CPC, BANGALORE

In the result, the ITA No

Housing Society limited who has been working with the team which oversees the accounts departments and Income tax Proceedings. The appellant filed appeals before Hon'ble Income-tax Appellate Tribunal, Bangalore, against the orders passed under section 250 of the Income-tax Act, 1961 for the A.Y 2018-19 and AY 2019-20. 2. For AY 2018-19 the order

TATA ELXSI LIMITED ,BANGALORE vs. DEPUTY COMMISIONER INCOMER TAX, CIRCLE-7(1)(1), BANGALORE

Accordingly, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Narender Kumar Choudhry & Shri Laxmi Prasad Sahuassessment Year : 2018-19 M/S. Tata Elxsi Ltd., The Deputy 126, Itpb Road, Commissioner Hoody, Of Income Tax, Whitefield, Circle – 7(1)(1), Bangalore – 560 048. Bangalore. Vs. Pan: Aaact7872Q Appellant Respondent

property, profits and gains of business or profession, capital gains and income from other sources. Insofar as income under the head 'profits and gains of business or professions' is concerned, provisions thereto are contained in Sections 28 to 44DB of the Act. Section 28 specifies various incomes which shall be chargeable to income tax under this head. Thereafter, Section

M/S. TATA ELXSI LIMITED., ,BANGALORE vs. DEPUTY COMMISSIONER INCOME TAX, CIRCLE-7(1)(1), BANGALORE

In the result, all the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri George George K. & Shri Chandra Poojari

property, profits and gains of business or profession, capital gains and income from other sources. Insofar as income under the head 'profits and gains of business or professions' is concerned, provisions thereto are contained in Sections 28 to 44DB of the Act. Section 28 specifies various incomes which shall be chargeable to income tax under this head. Thereafter, Section

WIPRO LIMITED,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-7(1)(1), BANGALORE

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

Bench: Smt. Beena Pillai & Shri Laxmi Prasad Sahu

80P, Doddakannellii, Income-tax, Sarjapur Road, Circle-7(1)(2) Bangalore 560 035 Bangalore. PAN: AAACW 0387R APPELLANT RESPONDENT Appellant by : Shri Sandeep Huilgol, Advocate Respondent by : Dr. Manjunath Karkihallli, CIT(DR)(ITAT), Bengaluru. Date of hearing : 03.04.2023 Date of Pronouncement : 14.06.2023 O R D E R Per Laxmi Prasad Sahu, Accountant Member The appeal filed by the assessee

M/S. WIPRO LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7(1)(2), BANGALORE

In the result, the appeal filed by the assessee is treated as partly allowed for statistical purposes

Bench: Shri N.V. Vasudevan & Shri B.R. Baskaranit(Tp)A No.2556/Bang/2019 Assessment Year : 2015-16

80P, Doddakannellii Deputy Commissioner of Sarjapur Road Income-tax Vs. Bangalore 560 035 Circle-7(1)(2) Bangalore PAN NO : AAACW0387R APPELLANT RESPONDENT Appellant by : Shri S. Ganesh, Sr. AR Respondent by : Shri T. Roumuan Paite, D.R. Date of Hearing : 14.03.2022 Date of Pronouncement : 23.05.2022 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER: The appeal filed