DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), HUBBALLI vs. M/S. KARNATAKA VIKAS GRAMEEN BANK LIMITED, DHARWAD

In the result, the appeal of assessee is partly allowed and the appeal of the revenue is dismissed

Bench: Shri George George K. & Shri Laxmi Prasad Sahuassessment Year : 2016-17

section 8oP of the Act.” ITA Nos.611 & 720/Bang/2020 Page 10 of 27 7. In addition to the above written synopsis, the ld.AR argued on the legal issue in regard to eligibility of claiming deduction u/s 80P of the Act by holding that the assessee is not cooperative bank and it is a cooperative society, therefore, the sec.80P(iv) will

M/S KARNATAKA VIKAS GRAMEENA BANK,DHARWAD vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HUBBALLI

In the result, the appeal of assessee is partly allowed and the appeal of the revenue is dismissed

Bench: Shri George George K. & Shri Laxmi Prasad Sahuassessment Year : 2016-17

section 8oP of the Act.” ITA Nos.611 & 720/Bang/2020 Page 10 of 27 7. In addition to the above written synopsis, the ld.AR argued on the legal issue in regard to eligibility of claiming deduction u/s 80P of the Act by holding that the assessee is not cooperative bank and it is a cooperative society, therefore, the sec.80P(iv) will

SURABHI SOUHARDA CREDIT CO-OPERATIVE SOCIETY LIMITED ,BENGALURU vs. INCOME TAX OFFICER, WARD-7(2)(5), BENGALURU

In the result, appeal of the assessee is partly allowed for\nstatistical purposes

reassess is not valid as the issue fell within Chapter VI-A. For deduction under Section 80P(2)(a)(i), the matter was remitted to the AO for de novo consideration, following Supreme Court judgments on the definition of 'member'. Regarding deduction under Section 80P(2)(d

M/S GRAIN MERCHANT SOCIETY,TUMKUR vs. INCOME TAX OFFICER, WARD.2, TUMKUR

In the result, the assessee's appeal for Assessment Year 2008-09 is allowed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

D E R Per Shri Jason P. Boaz, A.M. : This appeal by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-II, Bangalore dt.14.7.2014 for Assessment Year 2008-09. 2. The facts of the case, briefly, are as under :- 2.1 The assessee, a co-operative society registered under the Karnataka State Co- operative Societies

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1), BENGALURU, BENGALURU vs. CANARA BANK, BENGALURU

In the result, appeal of the revenue in ITA No

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessmentyear: 2017-18

reassess under Section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under Section 154, for any assessment year beginning on or before the 1st day of April 2001. 9. From perusal of Section 14A of the Act, it is evident that for the purposes of computing

M/S. ING VYSYA BANK EMPLOYEES CO-OPERATIVE SOCIETY LIMITED PRESENTLY KNOWN AS M/S. KOTAK MAHINDRA BANK EMPLOYEES CO-OPEATIVE SOCIETY LIMITED ,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BENGALURU

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

Bench: Shri Prashant Maharishiassessment Year : 2011-12

reassessment order passed u/s. 143(3) r.w.s. 147 of the Income-tax Act, 1961 [the Act] dated 27.12.2018 was dismissed. Page 2 of 6 2. The assessee has raised the following grounds of appeal :- “1. The orders of the authorities below in so far as they are against the appellant are opposed to law, equity, weight of evidence, probabilities, facts

KANAKA CREDIT CO OPERATIVE SOCIETY LIMITED ,CHITRADURGA vs. INCOME TAX OFFICER, WARD-3, , DAVANGERE

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

Bench: Shri Laxmi Prasad Sahu & Shri Keshav Dubeyassessment Year : 2014-15

d), though the co-operative bank may be primarily formed as co-operative society and that the activity of the entity should be seen. He submitted that the interest received from co-operative bank is governed by Banking Regulation Act, 1949. The ld. DR further submitted that the for deduction or exemption provision the strict interpretation should be considered

CHIKKAMUDNOOR MILK PRODUCERS CO-OPERATIVE SOCIETY LIMITED, ,CHIKKAMUDNOOR vs. INCOME TAX OFFICER, WARD-1 , PUTTUR

In the result appeal of the assessee is dismissed

Bench: Shri Prashant Maharishiassessment Year : 2019-20

D E R 1. Both the appeal captioned above involves identical facts and therefore dealt with this common order. 2. ITA No 104/ bang/2025 is filed by Chikkamudnoor Milk Producers Co- operative Society Ltd., the assessee against the appellate order passed by the Commissioner of income tax (A) – 2, Lucknow (the learned CIT – A) for assessment year

KEDAMBADI MILK PRODUCERS CO-OPERATIVE WOMEN SOCIETY LIMITED,KEDAMBADI vs. INCOME TAX OFFICER WARD 1 PUTTUR, PUTTUR

In the result appeal of the assessee is dismissed

Bench: Shri Prashant Maharishiassessment Year : 2019-20

D E R 1. Both the appeal captioned above involves identical facts and therefore dealt with this common order. 2. ITA No 104/ bang/2025 is filed by Chikkamudnoor Milk Producers Co- operative Society Ltd., the assessee against the appellate order passed by the Commissioner of income tax (A) – 2, Lucknow (the learned CIT – A) for assessment year

M/S. AKSHAYA SOUHARDA CREDIT CO-OPERATIVE LIMITED,CHIKKABALLAPUR vs. INCOME TAX OFFICER, WARD- 1, CHIKKABALLAPUR

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

Bench: Shri Chandra Poojari

d) of the Act on the interest income earned from deposits kept in the Co-operative Banks. 9. That the learned lower authorities ought to have provided deduction u/s 80P(2)(a)(i) proportionately to the extent of profit from the activities with the regular and associate members. Each of the above grounds is without prejudice to one another

VIJAYA BANK,BANGALORE vs. ADDL.C.I.T., BANGALORE

In the result the appeal by the Assessee is allowed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boazassessment Year : 2008-09

d) "co-operative bank", "primary agricultural credit society" and "primary co-operative agricultural and rural development bank" shall have the meanings respectively assigned to them in the Explanation to sub-section (4) of section 80P; (e) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long

JCIT, BANGALORE vs. M/S VIJAYA BANK, BANGALORE

In the result the appeal by the Assessee is allowed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boazassessment Year : 2008-09

d) "co-operative bank", "primary agricultural credit society" and "primary co-operative agricultural and rural development bank" shall have the meanings respectively assigned to them in the Explanation to sub-section (4) of section 80P; (e) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long

SURABHI SOUHARDA CREDIT CO-OPERATIVE LIMITED ,BANGALORE vs. INCOME TAX OFFICER WARD-7(2)(5), BANGALORE

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

Bench: Shri N.V. Vasudevan & Shri Jason P. Boazassessment Year : 2014-15

D E R Per N V Vasudevan, Vice President : This is an appeal by the assessee against the order dated 14-12-2018 of the Commissioner of Income Tax (Appeals)-7, Bengaluru, relating to Assessment Year 2014-15. 2. The first issue that arises for consideration in this appeal is with regard to validity of initiation of proceedings

ITO WARD 1 TPS VIJAYAPUR, VIJAYAPUR vs. PRATHAMIK KRUSHI PATTIN SAHAKARI SANGH NIYAMIT SARWAD, SARWAD

In the result, all the 3 appeals filed by the Revenue are allowed for statistical purposes

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

D E R Per Prashant Maharishi, Vice President 1. ITA No.1138 & 1139/Bang/2025 for AYs 2016-17 & 2017-18 are filed by the ITO, Ward 1 TPS, Vijayapur [ The Ld. AO ] against the appellate order passed by the National Faceless Appeal Centre, Delhi (NFAC) [ld. CIT(A)] dated 21.3.2025 wherein the appal filed by the assessee against the reassessment order passed

INCOME TAX OFFICER WARD 1 TPS VIJAYAPUR , VIJAYAPUR vs. PRATHAMIK KRUSHI PATTIN SAHAKARI SANGH NIYAMIT SARWAD , SARWAD

In the result, all the 3 appeals filed by the Revenue are allowed for statistical purposes

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

D E R Per Prashant Maharishi, Vice President 1. ITA No.1138 & 1139/Bang/2025 for AYs 2016-17 & 2017-18 are filed by the ITO, Ward 1 TPS, Vijayapur [ The Ld. AO ] against the appellate order passed by the National Faceless Appeal Centre, Delhi (NFAC) [ld. CIT(A)] dated 21.3.2025 wherein the appal filed by the assessee against the reassessment order passed

ITO WARD 1 TPS VIJAYAPUR, VIJAYAPUR vs. PRATHAMIK KRUSHI PATTIN SAHAKARI SANGH NIYAMIT SARWAD , SARWAD

In the result, all the 3 appeals filed by the Revenue are allowed for statistical purposes

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

D E R Per Prashant Maharishi, Vice President 1. ITA No.1138 & 1139/Bang/2025 for AYs 2016-17 & 2017-18 are filed by the ITO, Ward 1 TPS, Vijayapur [ The Ld. AO ] against the appellate order passed by the National Faceless Appeal Centre, Delhi (NFAC) [ld. CIT(A)] dated 21.3.2025 wherein the appal filed by the assessee against the reassessment order passed