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)

d) of the Income Tax Act. It may be mentioned that the revenue had gone in appeal before the High Court in view of the earlier judgement by the Honorable Supreme Court of India in the earlier year of the same assessee, where the deduction under section 80P(2)(i) was disallowed

THE MULLANPUR GARIBDAS CO-OP MULTIPURPOSE SOCIETY,MOHALI vs. DCIT, C-6(1), MOHALI

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

d) of the Income Tax Act. It may be mentioned that the revenue had gone in appeal before the High Court in view of the earlier judgement by the Honorable Supreme Court of India in the earlier year of the same assessee, where the deduction under section 80P(2)(i) was disallowed

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.

80P(2)(d) should not be disallowed and thereafter, after considering the submissions of the assessee but not finding the same acceptable, the AO went ahead and disallowed the claim of deduction under section

THE BALDUHAK CO-OPERATIVE AGRICULTURE SERVICE SOCIETY LTD.,HAMIRPUR vs. ITO, WARD, HAMIRPUR

Bench: Us Are That The Assessee Is A Cooperative

80P(2)(d) should not be disallowed and thereafter, in absence of any response from the assessee, the AO went ahead and disallowed the claim of deduction under section

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)

section 80P(2)(d) of the Act, a show-cause was issued as to why claim of deduction in respect of interest income on deposits placed with HDFC Bank, ICICI Bank, AXIS Bank should not be disallowed

THE JYOTI CO-OPERATIVE NON AGRICULTURAL THRIFT & CREDIT SOCIETY LTD.,SIRMOUR vs. ITO, WARD, NAHAN

In the result, the assessee is not eligible for deduction on interest on deposits placed with scheduled commercial banks under section 80(P)(2)(a)(i) of the Act and the appeal of the assessee is di...

d) of the Act. 9.5 Further, in a land mark judgment in the case of M/s. Bangalore Club vs. Commissioner of Income tax (supra) as quoted by the AO, the Hon'ble Supreme Court of India has gone into minute details for deciding the nature/character of "Principle of Mutuality", under which the tax exemption has been claimed by various Societies

THE JYOTI CO-OPERATIVE NON AGRICULTURAL THRIFT & CREDIT SOCIETY LTD.,SIRMOUR vs. ITO, WARD, NAHAN

In the result, the assessee is not eligible for deduction on interest on deposits placed with scheduled commercial banks under section 80(P)(2)(a)(i) of the Act and the appeal of the assessee is di...

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member)

d) of the Act. 9.5 Further, in a land mark judgment in the case of M/s. Bangalore Club vs. Commissioner of Income tax (supra) as quoted by the AO, the Hon'ble Supreme Court of India has gone into minute details for deciding the nature/character of "Principle of Mutuality", under which the tax exemption has been claimed by various Societies

THE JYOTI CO-OPERATIVE NON AGRICULTURAL THRIFT & CREDIT SOCIETY LTD.,SIRMOUR vs. ITO, WARD, NAHAN

In the result, the assessee is not eligible for deduction on interest on deposits placed with scheduled commercial banks under section 80(P)(2)(a)(i) of the Act and the appeal of the assessee is di...

Bench: SHRI. VIKRAM SINGH YADAV, AM आयकर अपील सं . / ITA No.160, 161 & 162/ Chd/2023 निर्धारण वर्ष / Assessment Year : 2017-18, 2012-13 & 2013-14 The Jyoti Co-operative Non Agricultural Thrift & Credit Society Ltd. Sirmour, Solan, HP-173025 स्थायी लेखा सं. / PAN NO: AAABT1453G अपीलार्थी/Appellant बनाम The ITO H.P Ward-Nahan, Sirmour प्रत्यर्थी/Respondent निर्धारिती की ओर से/Assessee by : Shri Vishal Mohan, Sr. Advocate with Shri Parveen Sharma, Advocate राजस्व की ओर से / Revenue by : Dr. Ranjeet K

d) of the Act. 9.5 Further, in a land mark judgment in the case of M/s. Bangalore Club vs. Commissioner of Income tax (supra) as quoted by the AO, the Hon'ble Supreme Court of India has gone into minute details for deciding the nature/character of "Principle of Mutuality", under which the tax exemption has been claimed by various Societies

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. HARYANA STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LIMITED, PANCHKULA

In the result, the present appeal of the Revenue is allowed for statistical purposes

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

disallowance, which was unsustainable in law. 9. We have heard the rival submissions and perused the records. The short controversy before us is whether the rental income earned by the assessee from letting of godowns is eligible for deduction under section 80P(2)(e), and 6 whether dividend income qualifies for deduction under section 80P(2)(d

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. HARYANA STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LTD, PANCHKULA

In the result, the present appeal of the Revenue is allowed for statistical purposes

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

disallowance, which was unsustainable in law. 9. We have heard the rival submissions and perused the records. The short controversy before us is whether the rental income earned by the assessee from letting of godowns is eligible for deduction under section 80P(2)(e), and 6 whether dividend income qualifies for deduction under section 80P(2)(d

ASSISTANT COMMISSIONER OF INCOME TAX, PANCHKULA CIRCLE, PANCHKULA, PANCHKULA vs. HARYANA STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LTD, PANCHKULA

In the result, the present appeal of the Revenue is allowed for statistical purposes

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

disallowance, which was unsustainable in law. 9. We have heard the rival submissions and perused the records. The short controversy before us is whether the rental income earned by the assessee from letting of godowns is eligible for deduction under section 80P(2)(e), and 6 whether dividend income qualifies for deduction under section 80P(2)(d

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 on interest earned from nationalized banks of Rs. 47,178/-. 12. In this regard, it is noticed that during the year under consideration, the assesee earned interest income

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 on interest earned from nationalized banks of Rs. 47,178/-. 12. In this regard, it is noticed that during the year under consideration, the assesee earned interest income

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 on interest earned from nationalized banks of Rs. 47,178/-. 12. In this regard, it is noticed that during the year under consideration, the assesee earned interest income

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 on interest earned from nationalized banks of Rs. 47,178/-. 12. In this regard, it is noticed that during the year under consideration, the assesee earned interest income

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 on interest earned from nationalized banks of Rs. 47,178/-. 12. In this regard, it is noticed that during the year under consideration, the assesee earned interest income

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 on interest earned from nationalized banks of Rs. 47,178/-. 12. In this regard, it is noticed that during the year under consideration, the assesee earned interest income

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 on interest earned from nationalized banks of Rs. 47,178/-. 12. In this regard, it is noticed that during the year under consideration, the assesee earned interest income