THE GOVT. TELE COMMUNICATION EMPLOYEES CO-OP. SOCIETY LTD.,CHENNAI vs. ITO, NCW-11(1), CHENNAI

Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI S.R. RAGHUNATHA (Accountant Member)

penalty proceedings under section 271(1)(c) of the Act. The matter came before the Income-tax Appellate Tribunal and the ITAT has passed order on 10/02/2022 in ITA Nos. 2478/Chny/2017, 2703/Chny/2018, 558 & 559/Chny/2020 holding that the interest on staff advance and interest on FDs and Savings Bank interest are not eligible for deduction u/s 80P. The ITAT however directed

THE GOVT. TELE COMMUNICATION EMPLOYEES CO-OP. SOCIETY LTD.,CHENNAI vs. ITO, NCW-11(1),, CHENNAI

Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI S.R. RAGHUNATHA (Accountant Member)

penalty proceedings under section 271(1)(c) of the Act. The matter came before the Income-tax Appellate Tribunal and the ITAT has passed order on 10/02/2022 in ITA Nos. 2478/Chny/2017, 2703/Chny/2018, 558 & 559/Chny/2020 holding that the interest on staff advance and interest on FDs and Savings Bank interest are not eligible for deduction u/s 80P. The ITAT however directed

THE GOVT. TELE COMMUNICATION EMPLOYEES CO-OP. SOCIETY LTD.,CHENNAI vs. ITO, NCW-11(1), CHENNAI

Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI S.R. RAGHUNATHA (Accountant Member)

penalty proceedings under section 271(1)(c) of the Act. The matter came before the Income-tax Appellate Tribunal and the ITAT has passed order on 10/02/2022 in ITA Nos. 2478/Chny/2017, 2703/Chny/2018, 558 & 559/Chny/2020 holding that the interest on staff advance and interest on FDs and Savings Bank interest are not eligible for deduction u/s 80P. The ITAT however directed

AA522 KUNNATHUR VELAMPALAYAM PRIMARY AGRICULTURAL COOP CREDIT SOCIETY LTD,TIRUPUR vs. THE INCOME TAX OFFICER, WARD 1(2) TIRUPUR, TIRUPUR

The appeal of the assessee is allowed

Bench: Shri George George Kand Ms. Padmavathy.Sआयकर अपील सं./Ita No.3133/Chny/2025 िनधा"रण वष" /Assessment Year: 2019-20

80P of the Act. The A.O initiated penalty proceedings u/s. 272A(1)(d) of the Act for the reason that the assessee did not respond to the notices issued. The A.O passed AA522 Kunnathur Velampalayam Primary Agricultural Co-op. Credit Society Ltd. :- 3 -: the penalty order levying a penalty of Rs.50,000/- (Rs.10,000/- for each of the default). Aggrieved

MEGNANAPURAM PACCS,TIRUCHENDUR vs. PCIT,, MADURAI

80P\nof the Act ought not to have been accepted while passing the re-assessment\norder, thereby rendering the same to be erroneous in so far as it is prejudicial to\nthe interest of the revenue, within the ambit of provisions in Section 263 of the\n:-12-:\nITA. No:895/Chny/2025\nAct and accordingly pleaded for dismissal of the appeal