THE ERODE CITY MUNICIPAL CORPORATION EMP CO-OP T& C LIMITED,ERODE vs. ITO, WARD 1(1), ERODE

In the result, the appeal in ITA No

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.509 & 510/Chny/2024 (िनधा"रणवष" / Assessment Years: 2018-2019 & 2020-2021)

section 139(4) of the Income Tax Act, 1961. Circular No. 13/2023 allows condonation of delay for deduction u/s 80P 4) The CIT(A) failed to see that CBDT had issued a Circular No. 13/2023 dated 26.07.2023 allowing the co-operative societies to claim deduction u/s 80P by filing condonation of delay Petition u/s 119(2)(b

INCOME TAX OFFICER, WANAPARTHY BLOCK vs. TAMILNADU SPECIAL POLICE EMPLOYEES COOPERATIVE, TSP CAMP

In the result the appeal of the revenue is dismissed

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita No.:363/Chny/2025 िनधा"रण वष" / Assessment Year: 2020-21 Income Tax Officer, Tamilnadu Special Police Non-Corporate Ward -7(3), Vs. Employees Cooperative, Chennai – 600 034. Avadi, Chennai – 600 054. [Pan:Aafat-0366-E] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से/Appellant By : Ms. Sita Krishnamoorthy, J.C.I.T. ""थ" की ओर से/Respondent By : Shri. G. Reddi Prakash, C.A. सुनवाई की तारीख/Date Of Hearing : 12.06.2025 घोषणा की तारीख/Date Of Pronouncement : 15.07.2025 आदेश /O R D E R Per S. R. Raghunatha, Am: This Appeal By The Revenue Is Filed Against The Order Of The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi, For The Assessment Year 2020-21, Dated 11.10.2024. 2. At The Outset, We Find That There Is A Delay Of 34 Days In Appeal Filed By The Revenue, For Which Petition For Condonation Of Delay Along With Reasons For Delay Has Been Filed. After Considering The Petition Filed By The Revenue & Also Hearing Both The Parties, We Find That There Is A Reasonable Cause For The Revenue In Not Filing Appeal On Or Before The Due Date Prescribed Under The Law & Thus

condone delay in filing of appeal and admit appeal filed by the revenue for adjudication. 3. The brief facts of the case are that the assessee is a cooperative society formed with the objective providing of credit facilities to its members. The assessee filed its return of income on 21.12.2020 declaring a gross total income of Rs.4

THE PALLIPALAYAM FRMERS SERVICE CO-OPERATIVE SOCIETY LIMITED,NAMAKKAL vs. ITO CIRCLE 1, , ERODE

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Ss Viswanethra Ravi & Shri Jagadishआयकर अपील सं./Ita No.964/Chny/2024 िनधा8रण वष8 /Assessment Year: 2018-19

80P of the Act made by AO invoking the provisions of section 80AC of the Act, even though the application for :- 2 -: condonation of delay u/s 119(2)(b

K1104 ELAYAMUTHUR PROMARY AGRICULTURAL CO-OPERATIVE CREDIT SOCIETY,TIRUPPUR vs. ITO, WARD 2(4), TIRUPPUR

In the result, appeals filed by the assessee for both the

Bench: Shri S.S. Viswanethra Ravi, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita Nos.: 1040 & 1041/Chny/2024 िनधा"रणवष" / Assessment Years: 2016-17 & 2017-18 K 1104 Elayamuthur Primary Income Tax Officer, Agricultural Co-Operative Credit V. Ward -2(4), Society, Tirupur. Elayamuthur, Udumalpet, Tirupur – 642 154. [Pan: Aabak-3636-Q] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. S. Sridhar, Advocate ""यथ"क"ओरसे/Respondent By : Shri. R.V. Aroonprasaad, Addl.Cit सुनवाईकीतारीख/Date Of Hearing : 23.07.2024 घोषणाकीतारीख/Date Of Pronouncement : 18.09.2024

condone delay in filing of appeals and admit appeals filed by the assessee for adjudication. 3. The assessee has raised the following common grounds of appeal for both the assessment years: 1. The Order of the Learned Commissioner (Appeals) is bad and erroneous in law. 2. The Learned Commissioner (Appeals) erred in not considering the submissions made and decisions relied

K1104 ELAAMUTHUR PRIMARY AGRICULTURAL CO-OPERATIVE CREDIT SCOIETY,TIRUPPUR vs. ITO, WARD 2(4), TIRUPPUR

In the result, appeals filed by the assessee for both the

Bench: Shri S.S. Viswanethra Ravi, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita Nos.: 1040 & 1041/Chny/2024 िनधा"रणवष" / Assessment Years: 2016-17 & 2017-18 K 1104 Elayamuthur Primary Income Tax Officer, Agricultural Co-Operative Credit V. Ward -2(4), Society, Tirupur. Elayamuthur, Udumalpet, Tirupur – 642 154. [Pan: Aabak-3636-Q] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. S. Sridhar, Advocate ""यथ"क"ओरसे/Respondent By : Shri. R.V. Aroonprasaad, Addl.Cit सुनवाईकीतारीख/Date Of Hearing : 23.07.2024 घोषणाकीतारीख/Date Of Pronouncement : 18.09.2024

condone delay in filing of appeals and admit appeals filed by the assessee for adjudication. 3. The assessee has raised the following common grounds of appeal for both the assessment years: 1. The Order of the Learned Commissioner (Appeals) is bad and erroneous in law. 2. The Learned Commissioner (Appeals) erred in not considering the submissions made and decisions relied

K1444 METTUPALAYAM CO-OP. BUILDING SOCIETY LIMITED,COIMBATORE vs. DCIT CPC , BEGNALURU

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.46/Chny/2023 िनधा"रण वष"/Assessment Year: 2018-19 K1444 Mettupalayam Co-Op. Building Vs. The Deputy Commissioner Of Society Limited, Co-Operative Colony, Income Tax - Cpc, Mettupalayam, Coimbatore 641 301. Bengaluru. [Pan: Aadam3770D] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Sridhar, Advocate [Erode] ""थ" की ओर से/Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 07.03.2023 घोषणा की तारीख /Date Of Pronouncement : 29.03.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi, Dated 26.12.2022 Relevant To The Assessment Year 2018-19. 2. Brief Facts Of The Case Are That The Assessee Filed The Return Of Income For The Assessment Year 2018-19 On 23.03.2019 Declaring Total Income At ₹.6,64,021/- After Claiming Deduction Under Section 80P Of 2

80P of the Act without waiting for the outcome of the condonation petition filed before the CBDT. By filing copy of the petition for condonation of delay filed before the CBDT under section 119(2)(b

M/S. KALAPET PRIMARY AGRICULTURAL CO-OP. SOCIETY LTD.,,PUDUCHERRY vs. ITO, WARD-4,, PUDUCHERRY

Bench: Shri Mahavir Singhand Shri Girish Agrawal

condone the delay and admit the appeals. 3. The only issue in these five appeals of assessee is as regards to the order of CIT(A) confirming the denial of claim of deduction 3 I.T.A. Nos.179/Chny/2019, 627 to 630/Chny/2020 u/s.80P(2)(a)(i) of the Act. The assessee has raised identically worded grounds in all the appeals and hence

M/S. KALAPET PRIMARY AGRICULTURAL CO-OP. SOCIETY LTD.,,PUDUCHERRY vs. ITO, WARD-4,, PUDUCHERRY

Bench: Shri Mahavir Singhand Shri Girish Agrawal

condone the delay and admit the appeals. 3. The only issue in these five appeals of assessee is as regards to the order of CIT(A) confirming the denial of claim of deduction 3 I.T.A. Nos.179/Chny/2019, 627 to 630/Chny/2020 u/s.80P(2)(a)(i) of the Act. The assessee has raised identically worded grounds in all the appeals and hence

M/S. KALAPET PRIMARY AGRICULTURAL CO-OP. CREDIT SOCIETY LTD.,,PONDICHERRY vs. ITO, WARD-4,, PONDICHERRY

Bench: Shri Mahavir Singhand Shri Girish Agrawal

condone the delay and admit the appeals. 3. The only issue in these five appeals of assessee is as regards to the order of CIT(A) confirming the denial of claim of deduction 3 I.T.A. Nos.179/Chny/2019, 627 to 630/Chny/2020 u/s.80P(2)(a)(i) of the Act. The assessee has raised identically worded grounds in all the appeals and hence

KALAPET PRIMARY AGRICULTURAL CO-OPERATIVE BANK LTD. ,PONDICHERRY vs. THE INCOME TAX OFFICER, WARD -4, PUDUCHERRY

Bench: Shri Mahavir Singhand Shri Girish Agrawal

condone the delay and admit the appeals. 3. The only issue in these five appeals of assessee is as regards to the order of CIT(A) confirming the denial of claim of deduction 3 I.T.A. Nos.179/Chny/2019, 627 to 630/Chny/2020 u/s.80P(2)(a)(i) of the Act. The assessee has raised identically worded grounds in all the appeals and hence

M/S. KALAPET PRIMARY AGRICULTURAL CO-OP. SOCIETY LTD.,,PUDUCHERRY vs. ITO, WARD-4,, PUDUCHERRY

Bench: Shri Mahavir Singhand Shri Girish Agrawal

condone the delay and admit the appeals. 3. The only issue in these five appeals of assessee is as regards to the order of CIT(A) confirming the denial of claim of deduction 3 I.T.A. Nos.179/Chny/2019, 627 to 630/Chny/2020 u/s.80P(2)(a)(i) of the Act. The assessee has raised identically worded grounds in all the appeals and hence

S2754 SLM CORPORATION ELE AND MID SCHOOL TEACHERS COOP T 7C SOC LIMITED,SALEM vs. ADIT,CPC, BENGALURU

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.38/Chny/2023 िनधा"रण वष"/Assessment Year: 2019-20 S2754 Slm Corporation Ele & Mid Vs. The Assistant Director Of School Teachers Co-Op. T & C Soc. Income Tax - Cpc, Ltd., No. 22, Car Street, Bengaluru. Salem 636 001, Tamil Nadu. [Pan: Aaras6200L] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Sridhar, Advocate [Erode] ""थ" की ओर से/Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 07.03.2023 घोषणा की तारीख /Date Of Pronouncement : 29.03.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi, Dated 25.11.2022 Relevant To The Assessment Year 2019-20. 2. Brief Facts Of The Case Are That The Assessee Filed The Return Of Income For The Assessment Year 2019-20 On 03.10.2020 Admitting Nil Income, After Claiming Deduction Under Section 80P Of The Income Tax

80P of the Act. 3. The assessee carried the matter in appeal before the ld. CIT(A) and submitted that the assessee has filed condonation petition under section 119(2)(b) of the Act before the CBDT requesting for condonation of delay

THE ERODE AGRICULTURAL PRODUCERS CO-OPERATIVE MARKETTING SOCIETY LIMITED,ERODE vs. PCIT, COIMBATORE

In the result, the appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.546/Chny/2022 िनधा"रण वष"/Assessment Year: 2017-18 The Erode Agricultural Producers Co- Vs. The Principal Commissioner Of Operative Marketing Society Limited, Income Tax – Coimbatore 1, No. 293, Cauvery Road, 67-A, Race Course Road, Karungalpalayam, Erode 638 003. Coimbatore 641 018. [Pan:Aaaat8556D] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Sridhar, Advocate [Erode] ""थ" की ओर से/Respondent By : Shri S. Senthil Kumaran, Cit सुनवाई की तारीख/ Date Of Hearing : 08.02.2023 घोषणा की तारीख /Date Of Pronouncement : 17.02.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Principal Commissioner Of Income Tax – Coimbatore 1, Coimbatore, Dated 23.03.2022 Relevant To The Assessment Year 2017-18 Passed Under Section 263 Of The Income Tax Act, 1961 [“Act” In Short].

B’ BENCH, CHENNAI "ी वी दुगा" राव "ाियक सद" एवं "ी जी. मंजुनाथा, लेखा सद" के सम" Before Shri V. Durga Rao, Judicial Member & Shri G. Manjunatha, Accountant Member आयकर अपील सं./I.T.A. No.546/Chny/2022 िनधा"रण वष"/Assessment Year: 2017-18 The Erode Agricultural Producers Co- Vs. The Principal Commissioner of operative Marketing Society Limited, Income Tax – Coimbatore 1, No. 293, Cauvery

ITO NON CORPORATE WARD 6(4), CHENNAI vs. THE RAILWAY EMPLOYEES CO-OP CREDIT SOCIETY LTD., CHENNAI

In the result, the appeals in ITA Nos

Bench: Shri Abraham P.George & Shri Duvvuru R.L.Reddy

b) that the surplus funds arose out of the amount retained from marketing the agricultural produce of the members; (c) that assessee carried on two activities, namely, (i) acceptance of deposit and lending by way of deposits to the members; and (ii) marketing the agricultural produce; and (d) that the surplus had arisen emphatically from marketing of agricultural produces

ITO NON CORPORATE WARD 6(4), CHENNAI vs. THE RAILWAY EMPLOYEES CO-OP CREDIT SOCIETY LTD., CHENNAI

In the result, the appeals in ITA Nos

Bench: Shri Abraham P.George & Shri Duvvuru R.L.Reddy

b) that the surplus funds arose out of the amount retained from marketing the agricultural produce of the members; (c) that assessee carried on two activities, namely, (i) acceptance of deposit and lending by way of deposits to the members; and (ii) marketing the agricultural produce; and (d) that the surplus had arisen emphatically from marketing of agricultural produces

ITO NON CORPORATE WARD 6(4), CHENNAI vs. THE RAILWAY EMPLOYEES CO-OP CREDIT SOCIETY LTD., CHENNAI

In the result, the appeals in ITA Nos

Bench: Shri Abraham P.George & Shri Duvvuru R.L.Reddy

b) that the surplus funds arose out of the amount retained from marketing the agricultural produce of the members; (c) that assessee carried on two activities, namely, (i) acceptance of deposit and lending by way of deposits to the members; and (ii) marketing the agricultural produce; and (d) that the surplus had arisen emphatically from marketing of agricultural produces

AA520 VEERAMPALAYAM PACS LTD.,ERODE vs. ITO, WARD-2(1), ERODE

In the result, the appeal filed by the assessee is allowed

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita No.:593/Chny/2025 िनधा"रण वष" / Assessment Year: 2020-21 Aa520 Veerappampalayam Ito, Primary Agricultural Co-Operative Vs. Ward -2 (1), Society Ltd., Erode. 1, Aa520, Veerappampalayam, Veerappampalayam Bo, Attavanai Hanumanpalli, Erode – 638 101. [Pan:Aadaa-8893-M] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से/Appellant By : Ms. G. Vardini Karthik, Advocate ""थ" की ओर से/Respondent By : Shri. Kumar Chandan, Jcit (Virtual)

80P(2)(d) A. Furnishing of Return of Income Section 139(4) 1) The CIT(A) failed to see that the assessee had furnished his return of income within the time frame prescribed under section 139(4) of the Income Tax Act, 1961. B. Circular No.13/2023 allows condonation of delay

ITO WARD 5, NAMAKKAL vs. THE TIRHCHENGODE AGRICULTURAL PRODUCERS CO-OPERATIVE MARKETING SOCIETY LTD., NAMAKKAL

In the result, the appeals filed by the Revenue in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.:2954, 2955 & 2956/Chny/2017 िनधा"रण वष" /Assessment Years: 2009-10, 2013-14 & 2014-15 The Income Tax Officer, M/S. The Tiruchengode Agricultural Producers Co- Ward-5, Vs. Operative Marketing Society Ltd., Namakkal – 637 001. No.9, Katchery Street, Velur Road, Tiruchengode Taluk, Namakkal – 637 211. Pan: Aaaat 2058C (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita Nos.:298, 299 & 300/Chny/2021 िनधा"रण वष" /Assessment Years: 2009-10, 2013-14 & 2014-15 M/S. The Tiruchengode The Income Tax Officer, Agricultural Producers Co- Vs. Ward-5, Operative Marketing Society Namakkal – 637 001. Ltd., No.9, Katchery Street, Velur Road, Tiruchengode Taluk, Namakkal – 637 211. Pan: Aaaat 2058C अपीलाथ"/Appellant) (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Y. Sridhar, Advocate राज" की ओर से /Revenue By : Shri Ar.V. Sreenivasan, Addl.Cit सुनवाई क" तार"ख/Date Of Hearing : 12.07.2022 घोषणा क" तार"ख/Date Of Pronouncement : 13.07.2022

b) of the Banking Regulation Act, as applicable to Co- operative Societies, no Co-operative Society shall carry on in banking business in India, unless it is a Co-operative Bank and holds license issued on this behalf by the Reserve Bank of India. In the present case also, there is no banking activity and it is not registered

THIRUCHENGODE AGRICULTURAL CO-OP.MARKETING SOCIETY LTD.,THIRUCHENGODE vs. ITO,WARD 5, NAMAKKAL

In the result, the appeals filed by the Revenue in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.:2954, 2955 & 2956/Chny/2017 िनधा"रण वष" /Assessment Years: 2009-10, 2013-14 & 2014-15 The Income Tax Officer, M/S. The Tiruchengode Agricultural Producers Co- Ward-5, Vs. Operative Marketing Society Ltd., Namakkal – 637 001. No.9, Katchery Street, Velur Road, Tiruchengode Taluk, Namakkal – 637 211. Pan: Aaaat 2058C (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita Nos.:298, 299 & 300/Chny/2021 िनधा"रण वष" /Assessment Years: 2009-10, 2013-14 & 2014-15 M/S. The Tiruchengode The Income Tax Officer, Agricultural Producers Co- Vs. Ward-5, Operative Marketing Society Namakkal – 637 001. Ltd., No.9, Katchery Street, Velur Road, Tiruchengode Taluk, Namakkal – 637 211. Pan: Aaaat 2058C अपीलाथ"/Appellant) (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Y. Sridhar, Advocate राज" की ओर से /Revenue By : Shri Ar.V. Sreenivasan, Addl.Cit सुनवाई क" तार"ख/Date Of Hearing : 12.07.2022 घोषणा क" तार"ख/Date Of Pronouncement : 13.07.2022

b) of the Banking Regulation Act, as applicable to Co- operative Societies, no Co-operative Society shall carry on in banking business in India, unless it is a Co-operative Bank and holds license issued on this behalf by the Reserve Bank of India. In the present case also, there is no banking activity and it is not registered