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

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

disallowances are made. The present case is a case in point, wherein, the claim of the assessee has been allowed by the AO after enquiry by way of a succinct order. 23. In ‘Ganpati International Vs PCIT’, (2023) 105 ITR-TRIB (Trib) 266 (CHD), (authored by one of us, the V.P.), as per the Pr. Commissioner of Income

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)

iv) The assessment order passed in the case of the assessee is considered to be erroneous in so far as it is prejudicial to the interest of revenue in terms of clause (d) of the Explanation 2 to section 263 of the Income Tax Act, 1961 as the order has not been passed in accordance with the ratio

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)

iv) Whether on the facts and circumstances of the case and in law, the Ld CIT(A) was right in deleting the addition of Rs. 14,70,480/- made on account of disallowance u / s 80P(2)(a)(vi) of the Act when assessee has failed to discharge its primary onus to furnish any evidence that all the works

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)

section 80P(2)(e). (iii) The AO shall verify the amount of dividend received and the expenditure disallowed by the assessee suo motu. If the AO proposes to make any further disallowance under Rule 8D, he must do so after reducing the amount already disallowed by the assessee to avoid duplication. (iv

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)

section 80P(2)(e). (iii) The AO shall verify the amount of dividend received and the expenditure disallowed by the assessee suo motu. If the AO proposes to make any further disallowance under Rule 8D, he must do so after reducing the amount already disallowed by the assessee to avoid duplication. (iv

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)

section 80P(2)(e). (iii) The AO shall verify the amount of dividend received and the expenditure disallowed by the assessee suo motu. If the AO proposes to make any further disallowance under Rule 8D, he must do so after reducing the amount already disallowed by the assessee to avoid duplication. (iv

THE LUDHIANA DISTRICT CO-OPERATIVE MILK PRODUCERS UNION LIMITED,LUDHIANA vs. ADDL. CIT, LUDHIANA

disallowed the assessee’s claim of deduction u/s 80P(2)(d) of the Act amounting to Rs.49,90,022 adding the same to the income of the assessee. 4. The matter was carried in appeal before the Ld.CIT(A) who upheld the order of the A.O. stating that the assessee had paid more interest to Milkfed than earned interest therefrom

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

Section 80P(2)(a)(iii) of the Act. The relevant extract of the Hon'ble High Court judgment is as follows :- "8. Adverting to question Nos. (iv) and (v) as reproduced above which have been claimed to be arising from the order of the Tribunal on the appeal of the revenue which was allowed, the issue relates to disallowance

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

Section 80P(2)(a)(iii) of the Act. The relevant extract of the Hon'ble High Court judgment is as follows :- "8. Adverting to question Nos. (iv) and (v) as reproduced above which have been claimed to be arising from the order of the Tribunal on the appeal of the revenue which was allowed, the issue relates to disallowance

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

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

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

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

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, 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