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)

4 taxable under Section 56, under the head 'income from other sources' and is not eligible for deduction under section 80P. It was stated that the assessment order showed that the AO had not disallowed

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

Bench: Us Are That The Assessee Is A Cooperative

disallowance claimed by the assessee society under section 80P(2)(d) of the Act amounting to Rs. 20,51,316/-. 4

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.

section 80P(2)(d) of the Act. 3.3 Here, it is relevant to examine the reasoning adopted by the AO while disallowing the said claim. Referring to the Hon’ble Supreme Court decision in case of Totagars Co-operative sale society Ltd. 322 ITR 283, the AO held that the assessee has earned interest income on surplus funds deposited with

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)

4) of sec. 80P, vide the Finance Act, 2006 with effect from 1-4-2007 where the provisions of sec. 80P are no more applicable in the case of a co-operative bank other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank. As per the ld PCIT, the aforesaid amendment does

THE AMBALA CO-OP MARKETING CUM PROCESSING SOCIETY LTD,AMBALA vs. ITO WARD-1 AMBALA, AMBALA CANTT

disallowance of deduction amounting to Rs. 16,21,458/- under section 80P(2)(d) of the Act, 2. None appeared on behalf of the assessee nor has any adjournment application been filed. Considering the issue involved in the matter, it was decided to proceed based on the written submissions dt. 31/07/2025 filed by the assessee’s Counsel, Shri Sanjeev Mishra

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)

80P(2)(e) was allowed. He distinguished the High Court judgment stating that 4 the disallowance in that case was because the goods stored belonged to the assessee, while in the present case, third-party storage was involved. 8.1 The next issue arising for consideration pertains to the allowability of deduction under section

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)

80P(2)(e) was allowed. He distinguished the High Court judgment stating that 4 the disallowance in that case was because the goods stored belonged to the assessee, while in the present case, third-party storage was involved. 8.1 The next issue arising for consideration pertains to the allowability of deduction under section

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)

80P(2)(e) was allowed. He distinguished the High Court judgment stating that 4 the disallowance in that case was because the goods stored belonged to the assessee, while in the present case, third-party storage was involved. 8.1 The next issue arising for consideration pertains to the allowability of deduction under section

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)

4 determining the head of income; 'income from business or profession' or 'income from other sources'. There is a clear finding that the interest was earned by way of parking of surplus funds in FDRs with banks. The submission made by the assessee itself indicates and predicates that interest was earned by parking surplus funds in fixed deposits

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...

4 determining the head of income; 'income from business or profession' or 'income from other sources'. There is a clear finding that the interest was earned by way of parking of surplus funds in FDRs with banks. The submission made by the assessee itself indicates and predicates that interest was earned by parking surplus funds in fixed deposits

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

4 determining the head of income; 'income from business or profession' or 'income from other sources'. There is a clear finding that the interest was earned by way of parking of surplus funds in FDRs with banks. The submission made by the assessee itself indicates and predicates that interest was earned by parking surplus funds in fixed deposits

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)

4 we feel the Society is entitled to deduction under Section 80P(2)(vi) on the entire income because in the first place, all the members of the Society are workers and they engage themselves in the execution of civil works undertaken by them. There is no case for the department that Society consists of any member other than construction

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: 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

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

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