SRI JIHVESHWARA CREDIT CO-OPERATIVE SOCIETY LIMITED,BANGALORE vs. INCOME TAX OFFICER, WARD 2(2)(5), BANGALORE, BANGALORE

In the result, this issue in ITA No

Bench: Shri George George K, Vice- & Shri Laxmi Prasad Sahu

prices constituted receipt on a commercial basis or net profit. A. Venkata Subbarao v. State of Andhra Pradesh AIR 1965 SC 1773 applied. CIT v. South Arcot District Co-operative Marketing Society Ltd. [1989] 176 ITR 117 (SC) distinguished. Surath Venkar Sahakari Sangh Ltd v. CIT [1971] 79 ITR 722 (Guj) approved. Decision of the Rajsthan High Court

SRI JIHVESHWARA CREDIT CO-OPERATIVE SOCIETY LIMITED,BANGALORE vs. INCOME TAX OFFICER, WARD 2(2)(5), BANGALORE, BANGALORE

In the result, this issue in ITA No

Bench: Shri George George K, Vice- & Shri Laxmi Prasad Sahu

prices constituted receipt on a commercial basis or net profit. A. Venkata Subbarao v. State of Andhra Pradesh AIR 1965 SC 1773 applied. CIT v. South Arcot District Co-operative Marketing Society Ltd. [1989] 176 ITR 117 (SC) distinguished. Surath Venkar Sahakari Sangh Ltd v. CIT [1971] 79 ITR 722 (Guj) approved. Decision of the Rajsthan High Court

SRI JIHVESHWARA CREDIT CO-OPERATIVE SOCIETY LIMITED,BANGALORE vs. INCOME TAX OFFICER, WARD 2(2)(5), BANGALORE

In the result, this issue in ITA No

Bench: Shri George George K, Vice- & Shri Laxmi Prasad Sahu

prices constituted receipt on a commercial basis or net profit. A. Venkata Subbarao v. State of Andhra Pradesh AIR 1965 SC 1773 applied. CIT v. South Arcot District Co-operative Marketing Society Ltd. [1989] 176 ITR 117 (SC) distinguished. Surath Venkar Sahakari Sangh Ltd v. CIT [1971] 79 ITR 722 (Guj) approved. Decision of the Rajsthan High Court

SRI RAMASEVA BAHUSARA KSHARIYA CO-OP. SOCIETY LIMITED,SHIMOGA vs. PR. CIT, BENGALURU-1, BENGALURU

In the result the appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2020-21 M/S. Sri Ramaseva Bahusara Kshariya Co-Op. Society Ltd. 01, Ramanna Setty Park Spm Road, Doddapete So Vs. Principal Cit Shimoga 577 202 Bengaluru-1 Karnataka Pan No :Aaajs0083P Appellant Respondent Appellant By : Sri V. Srinivasan, A.R. Respondent By : Sri Kiran D., D.R. Date Of Hearing : 11.12.2025 Date Of Pronouncement : 30.01.2026

Transfer Pricing Officer” shall have the same meaning as assigned to in the Explanation to section 92CA.] [(2) No order shall be made under sub-section (1) after the expiry of two years from the end of the financial year in which the order sought to be revised was passed.] (3) Not withstanding anything contained in sub-section (2

BHAVANA CO-OP CREDIT SOCIETY NIYAMITA ,SIRSI vs. INCOME TAX OFFICER, WARD-1, SIRSI

In the result the appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2020-21

Transfer Pricing Officer” shall have the same meaning as assigned to in the Explanation to section 92CA.] M/s. Bhavana Co op Credit Society Niyamitha, Sirsi Page 15 of 31 [(2) No order shall be made under sub-section (1) after the expiry of two years from the end of the financial year in which the order sought to be revised

GONIKOPPAL PRIMARY RURAL AGRICULTURAL CREDIT CO-OPERATIVE SOCIETY LIMITED ,KODAGU vs. PR. COMMISSIONER OF INCOME TAX, BENGALURU-3, BENGALURU

In the result the appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2020-21

Transfer Pricing Officer” shall have the same meaning as assigned to in the Explanation to section 92CA.] M/s. Bhavana Co op Credit Society Niyamitha, Sirsi Page 15 of 31 [(2) No order shall be made under sub-section (1) after the expiry of two years from the end of the financial year in which the order sought to be revised

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

Transfer Pricing Officer” shall have the same meaning as assigned to in the Explanation to section 92CA.] [(2) No order shall be made under sub-section (1) after the expiry of two years from the end of the financial year in which the order sought to be revised was passed.] (3) Not withstanding anything contained in sub-section (2

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

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)/(d) of the Act. 2.7 The Ld.AO was thus of the opinion that assessee is into Banking business and principle of Mutuality did not satisfy. He placed reliance on the decision of Hon'ble Supreme Court in case of Citizens Cooperative Society Ltd., reported in (2017) 397 ITR 1. 2.8 Aggrieved by the orders

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

Bench: Shri Chandra Poojari & Smt Beena Pillai

section 80P(2)(a)/(d) of the Act. 2.7 The Ld.AO was thus of the opinion that assessee is into Banking business and principle of Mutuality did not satisfy. He placed reliance on the decision of Hon'ble Supreme Court in case of Citizens Cooperative Society Ltd., reported in (2017) 397 ITR 1. 2.8 Aggrieved by the orders

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

Bench: Shri Chandra Poojari & Smt Beena Pillai

section 80P(2)(a)/(d) of the Act. 2.7 The Ld.AO was thus of the opinion that assessee is into Banking business and principle of Mutuality did not satisfy. He placed reliance on the decision of Hon'ble Supreme Court in case of Citizens Cooperative Society Ltd., reported in (2017) 397 ITR 1. 2.8 Aggrieved by the orders

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

Bench: Shri Chandra Poojari & Smt Beena Pillai

section 80P(2)(a)/(d) of the Act. 2.7 The Ld.AO was thus of the opinion that assessee is into Banking business and principle of Mutuality did not satisfy. He placed reliance on the decision of Hon'ble Supreme Court in case of Citizens Cooperative Society Ltd., reported in (2017) 397 ITR 1. 2.8 Aggrieved by the orders

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

Bench: Shri Chandra Poojari & Smt Beena Pillai

section 80P(2)(a)/(d) of the Act. 2.7 The Ld.AO was thus of the opinion that assessee is into Banking business and principle of Mutuality did not satisfy. He placed reliance on the decision of Hon'ble Supreme Court in case of Citizens Cooperative Society Ltd., reported in (2017) 397 ITR 1. 2.8 Aggrieved by the orders

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

Bench: Shri Chandra Poojari & Smt Beena Pillai

section 80P(2)(a)/(d) of the Act. 2.7 The Ld.AO was thus of the opinion that assessee is into Banking business and principle of Mutuality did not satisfy. He placed reliance on the decision of Hon'ble Supreme Court in case of Citizens Cooperative Society Ltd., reported in (2017) 397 ITR 1. 2.8 Aggrieved by the orders

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

Bench: Shri Chandra Poojari & Smt Beena Pillai

section 80P(2)(a)/(d) of the Act. 2.7 The Ld.AO was thus of the opinion that assessee is into Banking business and principle of Mutuality did not satisfy. He placed reliance on the decision of Hon'ble Supreme Court in case of Citizens Cooperative Society Ltd., reported in (2017) 397 ITR 1. 2.8 Aggrieved by the orders

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

Bench: Shri Chandra Poojari & Smt Beena Pillai

section 80P(2)(a)/(d) of the Act. 2.7 The Ld.AO was thus of the opinion that assessee is into Banking business and principle of Mutuality did not satisfy. He placed reliance on the decision of Hon'ble Supreme Court in case of Citizens Cooperative Society Ltd., reported in (2017) 397 ITR 1. 2.8 Aggrieved by the orders

ACIT, MANGALORE vs. M/S CORPORATION BANK, MANGALORE

In the result, appeal of the revenue stands dismissed

Bench: Shri Rajpal Yadav & Shri Abraham P George

Transfer of Undertakings) Act, 1980, or any other bank being a bank included in the Second Schedule to the Reserve Bank of India Act, 1934; (iii) "public financial institution" shall have the meaning assigned to it in section 4A of the Companies Act, 1956 (1 of 1956); (iv) "State financial corporation" means a financial corporation established under section