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 made by AO of deduction u/s 80P(2)(e) of the Act on the ground that Tax had been deducted under section

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)

E-mail on 20.11.2017which is reproduced as under. "That the Star Coop. Labour & Construction Society Ltd., is a registered coop. Society under the Cooperative Societies Act, 1912 and the income from the collective disposal of the labour of its members is deductible u/s 80P(2)(a)(vi) of the Income Tax Act, 1961. The earning of the society

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)

disallowed deduction claimed u/s 80P(2)(a)(i) in respect of the said interest, holding it to be “income from other sources” not eligible for deduction. 14. The Ld. CIT(A) confirmed the action of the ld. AO and held that: “Punjab National Bank, State Bank of India & other nationalized/commercial banks are not members of appellant, they are not registered

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)

disallowed deduction claimed u/s 80P(2)(a)(i) in respect of the said interest, holding it to be “income from other sources” not eligible for deduction. 14. The Ld. CIT(A) confirmed the action of the ld. AO and held that: “Punjab National Bank, State Bank of India & other nationalized/commercial banks are not members of appellant, they are not registered

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)

disallowed deduction claimed u/s 80P(2)(a)(i) in respect of the said interest, holding it to be “income from other sources” not eligible for deduction. 14. The Ld. CIT(A) confirmed the action of the ld. AO and held that: “Punjab National Bank, State Bank of India & other nationalized/commercial banks are not members of appellant, they are not registered

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)

disallowed deduction claimed u/s 80P(2)(a)(i) in respect of the said interest, holding it to be “income from other sources” not eligible for deduction. 14. The Ld. CIT(A) confirmed the action of the ld. AO and held that: “Punjab National Bank, State Bank of India & other nationalized/commercial banks are not members of appellant, they are not registered

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)

disallowed deduction claimed u/s 80P(2)(a)(i) in respect of the said interest, holding it to be “income from other sources” not eligible for deduction. 14. The Ld. CIT(A) confirmed the action of the ld. AO and held that: “Punjab National Bank, State Bank of India & other nationalized/commercial banks are not members of appellant, they are not registered

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)

disallowed deduction claimed u/s 80P(2)(a)(i) in respect of the said interest, holding it to be “income from other sources” not eligible for deduction. 14. The Ld. CIT(A) confirmed the action of the ld. AO and held that: “Punjab National Bank, State Bank of India & other nationalized/commercial banks are not members of appellant, they are not registered

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)

disallowed deduction claimed u/s 80P(2)(a)(i) in respect of the said interest, holding it to be “income from other sources” not eligible for deduction. 14. The Ld. CIT(A) confirmed the action of the ld. AO and held that: “Punjab National Bank, State Bank of India & other nationalized/commercial banks are not members of appellant, they are not registered

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)

disallowed deduction claimed u/s 80P(2)(a)(i) in respect of the said interest, holding it to be “income from other sources” not eligible for deduction. 14. The Ld. CIT(A) confirmed the action of the ld. AO and held that: “Punjab National Bank, State Bank of India & other nationalized/commercial banks are not members of appellant, they are not registered

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

Appeal is allowed

disallowed deduction claimed u/s 80P(2)(a) (i) in\nrespect of the said interest, holding it to be “income from other\nsources\" not eligible for deduction.\n14.\nThe Ld. CIT(A) confirmed the action of the Id. AO and held that:\n“Punjab National Bank, State Bank of India & other\nnationalized/commercial banks are not members of appellant,\nthey

THE LANJANI CO-OPERATIVE AGRI SERVICE SOCIETY LIMITED,KANGRA vs. DCIT,CPC/ITO-WARD-, DHARAMSHALA

In the result, the appeals of the assessees are allowed

disallowance o f d e d u c t i o n claimed u n d e r specified provisions of the Act i f the return was filed beyond due date or (vi) additional income appearing in Form 26AS or 16A or l6, which has not been taken into account in computing total income. According to them, there

THE CHAPLAH CO-OPERATIVE AGRICULTURAL SERVICE SOCIETY LTD,VPO CHOULI vs. LD. DCIT , CPC, CPC, BENGALURU

In the result, appeal of the Assessee is allowed

Bench: The Tribunal Against The Order Dt 25.04.2023 Of Ld. Commissioner Of Income Tax(Appeals), National Faceless Appeal Centre (Nfac), Delhi.

E if the return is furnished beyond the due date specified under sub-section (1) of section 139; or (vi) addition of income appearing in Form 26AS or Form 16A or Form 16 which has not been included in computing the total income in the return: 47-Chd-2024 – The Chaplah Co-operative Agriculture Service Society ltd, Distt. Kangra

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

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

DCIT, CIRCLE, PATIALA vs. M/S PUNJAB STATE POWER CORPORATION LTD., PATIALA

In the result, ground no. 1 & 3 of the Revenue’s appeal is allowed and ground no

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

disallowed the deduction by holding that the payment of income-tax could not be for the purpose of business. It was claimed before the Tribunal that if the tax liability had not been discharged, then the entire business would have crippled and therefore, interest on such overdraft account be allowed as an expenditure for business purposes. The Tribunal refused

THE AYALI KALAN CO-OP AGRICULTURE MULTI,LUDHIANA vs. INCOME TAC OFFICER, LUDHIANA

The appeal of the assessee is allowed

Bench: Shri Rajpal Yadav

E R The assessee is in appeal before the Tribunal against the order of Ld. CIT(Appeals) dated 29.01.2016 passed for assessment year 2017-18. It is pertinent to note that this appeal was earlier decided by this Tribunal. However, a Miscellaneous Application bearing No. 83/CHD/2016 was filed by the assessee and the appeal was restored to its original number

THE BALOL CO-OPERATIVE AGRICULTURAL SERVICE SOCIETY LIMITED,KANGRA vs. ITO, WARD, DHARAMSHALA

In the result, the appeal of the assessee is allowed

2) was amended by the Finance Act, 2021, thus, w.e.f. 2020-21 assessment year the AO was empowered by the Income Tax Act to make such a disallowance. It was submitted that only after that the CPC, Bangalore acting as the AO can be said to be vested with the jurisdiction to make a disallowance on the grounds where