THE MULLANPUR GARIBDAS CO-OP MULTIPURPOSE SOCIETY,MOHALI vs. PR. CIT-II, CHANDIGARH

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

B’ CHANDIGARH BEFORE: SHRI A.D.JAIN, VICE PRESIDENT AND SHRI KRINWANT SAHAY, ACCOUNTANT MEMBER आयकर अपील सं./ ITA No. 515/CHD/2017 & "नधा"रण वष" / A.Y. : 2012-13, 2013-14 The Mullanpur Garibdas Co-operative The PCIT-II, बनाम Multipurpose Society, Mullanpur, Chandigarh. VS Tehsil – Kharar (Mohali). "थायी लेखा सं./PAN /TAN No: AACAT9961G अपीलाथ"/Appellant ""यथ"/Respondent "नधा"रती क" ओर से

THE MANDEBAR PRIMARY AGRICULTURE CO-OPERATIVE SOCIETY LIMITED,YAMUNANAGAR vs. ITO, WARD -5, YAMUNA NAGAR

Bench: Us Are That The Assessee Is A Primary Agricultural Cooperative Society Engaged In Providing Credit Facilities To Its Members For Agricultural Operations & Procurement Of Fertilizers For The Purpose Of Supplying It To Its Members. 3.1 During The Year Under Consideration, It Filed Its Return Of Income Claiming Deduction Under Section 80P Amounting To Rs. 40,87,123/- & Which Includes Deduction Amounting To Rs. 29,44,171/- In Respect Of Interest Income On Deposits Placed With Yamunanagar District Central Cooperative Bank.

B”, CHANDIGARH HEARING THROUGH: PHYSICAL MODE "ी िव"म िसंह यादव, लेखा सद" एवं "ी परेश एम. जोशी, "ाियक सद" BEFORE: SHRI. VIKRAM SINGH YADAV, AM & SHRI. PARESH M. JOSHI, JUDICIAL MEMBER आयकर अपील सं./ ITA NO. 306/Chd/2023 िनधा"रण वष" / Assessment Year : 2020-21 The Mandebar Primary Agriculture बनाम The ITO Co-operative Society Ltd. Ward-5, Yamuna Nagar Vill: Mandebar

THE JAGADHRI CO-OPERATIVE MARKETING CUM PROCESSING SOCIETY LTD.,JAGADHRI vs. THE PR.CIT, PANCHKULA

In the result, the appeal of the assessee is allowed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

B”, CHANDIGARH "ी आकाश दीप जैन, उपा"य" एवं "ी िव"म "सह यादव, लेखा सद"य BEFORE: SHRI. AAKASH DEEP JAIN, VP & SHRI. VIKRAM SINGH YADAV, AM आयकर अपील सं./ ITA NO. 210/CHD/2023 िनधा"रण वष" / Assessment Year : 2018-19 The Jagadhri Co-operative बनाम The Pr. CIT Marketing Cum Processing Society Panchkula Ltd. C/o Shri Tejmohan Singh, Advocate # 527, Sector

ITO, W-6(3), MOHALI vs. THE STAR CO-OPERATIVE LABOUR & CONSTRUCTION SOCIETY LTD., MOHALI

Appeal of the Revenue is dismissed

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

B”, CHANDIGARH HEARING THROUGH: PHYSICAL MODE "ी िव"म िसंह यादव, लेखा सद" एवं "ी परेश म. जोशी, "ाियक सद" BEFORE: SHRI. VIKRAM SINGH YADAV, AM & SHRI. PARESH M. JOSHI, JM आयकर अपील सं./ ITA NO. 1015/Chd/2019 िनधा"रण वष" / Assessment Year : 2012-13 The ITO बनाम The Star Co-operative Labour & Ward 6(3), Mohali Construction Society Ltd. H.No. 3232, Sector

THE PUNJAB STATE CO-OPERATIVE HOUSE BUILDING FEDERATION LTD.,CHANDIGARH vs. DCIT/ACIT, CIRCLE-1(1), CHANDIGARH

In the result, the appeal of the Assessee is partly allowed for statistical purposes

Bench: Shri A.D. Jain & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 136/Chd/2023 "नधा"रण वष" / Assessment Year : 2014-15 The Punjab State Co-Op. Vs. The Dcit / Acit, बनाम Circle 1(1), House Building Federation Chandigarh Ltd. Sco 150-152, Sector 34A Chandigarh "थायी लेखा सं./Pan No: Aaaat0759L अपीलाथ"/ Appellant ""यथ"/ Repsondent

B’, CHANDIGARH BEFORE SHRI A.D. JAIN, VICE PRESIDENT & SHRI KRINWANT SAHAY, ACCOUNTANT MEMBER आयकर अपील सं./ ITA No. 136/CHD/2023 "नधा"रण वष" / Assessment Year : 2014-15 The Punjab State Co-op. Vs. The DCIT / ACIT, बनाम Circle 1(1), House Building Federation Chandigarh Ltd. SCO 150-152, Sector 34A Chandigarh "थायी लेखा सं./PAN No: AAAAT0759L अपीलाथ"/ APPELLANT ""यथ"/ REPSONDENT

THE PUNJAB STATE CO-OPERATIVE HOUSE BUILDING FEDERATION LTD.,CHANDIGARH vs. DCIT/ACIT, CIRCLE-1(1), CHANDIGARH

In the result, the appeal of the Assessee is partly allowed for statistical purposes

Bench: Shri A.D. Jain & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 136/Chd/2023 "नधा"रण वष" / Assessment Year : 2014-15 The Punjab State Co-Op. Vs. The Dcit / Acit, बनाम Circle 1(1), House Building Federation Chandigarh Ltd. Sco 150-152, Sector 34A Chandigarh "थायी लेखा सं./Pan No: Aaaat0759L अपीलाथ"/ Appellant ""यथ"/ Repsondent

B’, CHANDIGARH BEFORE SHRI A.D. JAIN, VICE PRESIDENT & SHRI KRINWANT SAHAY, ACCOUNTANT MEMBER आयकर अपील सं./ ITA No. 136/CHD/2023 "नधा"रण वष" / Assessment Year : 2014-15 The Punjab State Co-op. Vs. The DCIT / ACIT, बनाम Circle 1(1), House Building Federation Chandigarh Ltd. SCO 150-152, Sector 34A Chandigarh "थायी लेखा सं./PAN No: AAAAT0759L अपीलाथ"/ APPELLANT ""यथ"/ REPSONDENT

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DCIT, CIRCLE, PANCHKULA, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 80P, we find no merit in interfering with the impugned order of the CIT(A). Accordingly, this ground of appeal is dismissed as not pressed. Ground No. 4: Deduction u/s 80P to the extent of interest earned from nationalized banks. 73. We noticed that since this issue is identical to the issue involved in ITA No. 588/Chandi/2024

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 80P, we find no merit in interfering with the impugned order of the CIT(A). Accordingly, this ground of appeal is dismissed as not pressed. Ground No. 4: Deduction u/s 80P to the extent of interest earned from nationalized banks. 73. We noticed that since this issue is identical to the issue involved in ITA No. 588/Chandi/2024

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 80P, we find no merit in interfering with the impugned order of the CIT(A). Accordingly, this ground of appeal is dismissed as not pressed. Ground No. 4: Deduction u/s 80P to the extent of interest earned from nationalized banks. 73. We noticed that since this issue is identical to the issue involved in ITA No. 588/Chandi/2024

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT, PANCHKULA

Appeal is allowed

Bench: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 80P, we find no merit in interfering with the impugned order of the CIT(A). Accordingly, this ground of appeal is dismissed as not pressed. Ground No. 4: Deduction u/s 80P to the extent of interest earned from nationalized banks. 73. We noticed that since this issue is identical to the issue involved in ITA No. 588/Chandi/2024

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE,, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 80P, we find no merit in interfering with the impugned order of the CIT(A). Accordingly, this ground of appeal is dismissed as not pressed. Ground No. 4: Deduction u/s 80P to the extent of interest earned from nationalized banks. 73. We noticed that since this issue is identical to the issue involved in ITA No. 588/Chandi/2024

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, PANCHKULA

Appeal is allowed

Bench: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 80P, we find no merit in interfering with the impugned order of the CIT(A). Accordingly, this ground of appeal is dismissed as not pressed. Ground No. 4: Deduction u/s 80P to the extent of interest earned from nationalized banks. 73. We noticed that since this issue is identical to the issue involved in ITA No. 588/Chandi/2024

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT, PANCHKULA

Appeal is allowed

Bench: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 80P, we find no merit in interfering with the impugned order of the CIT(A). Accordingly, this ground of appeal is dismissed as not pressed. Ground No. 4: Deduction u/s 80P to the extent of interest earned from nationalized banks. 73. We noticed that since this issue is identical to the issue involved in ITA No. 588/Chandi/2024

THE HARYANA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT,PANCHKULA vs. DCIT,CIRCLE, PANCHKULA, PANCHKULA

Appeal is allowed

Bench: BEFORE: SHRI. RAJPALYADAV (Vice President), SHRI. KRINWANT SAHAY (Accountant Member)

section 80P, we find no merit in interfering with the impugned order of the CIT(A). Accordingly, this ground of appeal is dismissed as not pressed. Ground No. 4: Deduction u/s 80P to the extent of interest earned from nationalized banks. 73. We noticed that since this issue is identical to the issue involved in ITA No. 588/Chandi/2024

THE KOTLA BHARI MILK PRODUCERS SOCIETY LTD.,KHANNA vs. ITO, KHANNA, KHANNA

In the result, appeal of the Assessee is dismissed

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

Section 80P(2)(b), and the AO's disallowance of Rs. 8,19,137/- without a hearing violated natural justice

THE HABROL COOPERATIVE AGRICULTURAL SERVICE SOCIETY LIMITED,LAGRU vs. ITO DHARAMSHALA, DHARAMSHALA

In the result, the appeal is allowed

Bench: Shri A.D. Jain & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 158/Chd/2024 "नधा"रण वष" / Assessment Year : 2018-19 The Habrol Cooperative Vs. The Ito, बनाम Dharamshala Agricultural Service Society Limited, Vill. Lagru Khundian Distt.Kangra Hp 176031 "थायी लेखा सं./Pan No: Aadat1205A अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hering ) "नधा"रती क" ओर से/Assessee By : Shri Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Dr. Ranjit Kaur, Addl. Cit, Sr.Dr सुनवाई क" तार"ख/Date Of Hearing : 08.08.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 26.09.2024 आदेश/Order Per Krinwant Sahay, A.M.:

disallowing deduction under chapter VI -A in respect of section 80P of the Income Tax Act 1961, as assessee is providing banking /credit facilities to its members and covered u/s sec 80P (2)(a)(1) without considering the facts of the case which is highly arbitrary, illegal, unwarranted & uncalled for. 3) That the assessee has filed rectification but same

THE PUNJAB STATE FEDERATION OF COOPERATIVE HOUSE BUILDING SOCIETIES LTD.,CHANDIGARH vs. ACIT, CHANDIGARH

In the result, both the above appeals of the Assessee are dismissed

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

disallowance of deduction on interest earned from loans advanced to employees for vehicles and housing, observing that the ITAT, in the assessee’s own case for the immediately preceding year, had held that such income was not attributable to the core business of providing credit to member societies and was therefore not eligible for section 80P benefits. Turning

THE PUNJAB STATE FEDERATION OF COOPERATIVE HOUSE BUILDING SOCIETIES LTD.,CHANDIGARH vs. DCIT, CHANDIGARH

In the result, both the above appeals of the Assessee are dismissed

Bench: the appeal is finally heard.

disallowance of deduction on interest earned from loans advanced to employees for vehicles and housing, observing that the ITAT, in the assessee’s own case for the immediately preceding year, had held that such income was not attributable to the core business of providing credit to member societies and was therefore not eligible for section 80P benefits. Turning