THE PUNJAB STATE COOPERATIVE MILK PRODUCERS FEDERATION LTD.,CHANDIGARH vs. DCIT, CIRCLE-4(1), CHANDIGARH, CHANDIGARH

In the result, ground no. 2 of assessee’s appeal in ITA No

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

section 14A r.w.r.8D in respect of interest income received by the assessee from other co-operative societies which is wholly deductible u/s 80P(2)(d) of the Act particularly considering the decision of the Hon'ble Delhi High Court in the case of CIT Vs. Kribhco (2012) 349 ITR 618 (Delhi) wherein it was held that no disallowance could

THE PUNJAB STATE COOPERATIVE MILK PRODUCERS FEDERATION LTD.,CHANDIGARH vs. INCOME TAX OFFICER, FATIONAL E-ASSESSMENT CENTRE, DELHI, DELHI

In the result, ground no. 2 of assessee’s appeal in ITA No

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

section 14A r.w.r.8D in respect of interest income received by the assessee from other co-operative societies which is wholly deductible u/s 80P(2)(d) of the Act particularly considering the decision of the Hon'ble Delhi High Court in the case of CIT Vs. Kribhco (2012) 349 ITR 618 (Delhi) wherein it was held that no disallowance could

THE PUNJAB STATE COOPERATIVE MILK PRODUCERS FEDERATION LTD.,CHANDIGARH vs. ACIT, CIRCLE-4(1), CHANDIGARH, CHANDIGARH

In the result, ground no. 2 of assessee’s appeal in ITA No

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

section 14A r.w.r.8D in respect of interest income received by the assessee from other co-operative societies which is wholly deductible u/s 80P(2)(d) of the Act particularly considering the decision of the Hon'ble Delhi High Court in the case of CIT Vs. Kribhco (2012) 349 ITR 618 (Delhi) wherein it was held that no disallowance could

M/S CHALAKI PRIMARY CO-OPERATIVE MILK PRODUCER SOCIETY LTD.,MORINDA vs. ITO, W2(4), ROPAR

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

Depreciation and Diesel expenditure. 3. That the learned CIT(A)-1, Chandigarh, was not justified to dismiss the second ground of appeal regarding disallowance of deduction u/s 80P on Interest Income of Rs. 3,208/- 4. That the learned CIT(A)-1, Chandigarh, was not justified to dismiss the third ground of appeal regarding deduction

M/S PUNJAB STATE COOP MILK PRODUCERS FEDERATION LTD.,CHANDIGARH vs. ACIT, C-4(1), CHANDIGARH

In the result, the appeal of the assessee is dismissed

Bench: Us Relates To Whether The A.O. In Remand Proceedings Could Have Enhanced The Disallowance Made Earlier & The Ground Raised By The Assessee Reads As Under:

80P of the ACT, computed by the AO, which was more than that disallowed in the original proceedings was permissible as per law. The contention of the Ld.Counsel for the assessee is that the ITAT having no power of enhancement u/s 254 of the Act, the AO could not have enhanced the amount of disallowance pursuant to direction