K 720 T GANAPATHIPALAYAM PACS LIMITED,ERODE vs. ITO WARD 2(1), ERODE

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

68,133/- from Erode Central Co-op Bank Ltd and\nclaimed deduction of same u/s 80P(2)(d) of the Act. The Assessing\nOfficer disallowed the claim holding that a co-operative bank is urban\ncommercial bank and does not fall under the purview of co-operative\nsociety referred in section

M/S. KALLAKURICHI CO-OPERATIVE SUGAR MILLS LTD.,KALLAKURICHI vs. ACIT, VILLUPURAM

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

Bench: Shri Mahavir Singh, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.369/Chny/2019 & Ita Nos.409 & 410/Chny/2020 िनधा"रण वष" /Assessment Year: 2015-16 & Assessment Years: 2011-12 & 2012-13 V. M/S.Kallakurichi Co-Operative- The Asst. Commissioner- Sugar Mills Unit-Ii, Of Income Tax, Cs11, Kachirapalayam, Villupuram Circle, Kallakurichi, Villupuram. Villupuram. [Pan: Aaaak 0655 Q] (अपीलाथ"/Appellant) (""यथ"/Respondent)

section 80P(2)(d) of the Income Tax Act, 1961. In the present case, the assessee has earned interest income of Rs.6,75,68

M/S. KALLAKURICHI CO-OPERATIVE SUGAR MILLS LTD.,KALLAKURICHI vs. ACIT, VILLUPURAM

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

Bench: Shri Mahavir Singh, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.369/Chny/2019 & Ita Nos.409 & 410/Chny/2020 िनधा"रण वष" /Assessment Year: 2015-16 & Assessment Years: 2011-12 & 2012-13 V. M/S.Kallakurichi Co-Operative- The Asst. Commissioner- Sugar Mills Unit-Ii, Of Income Tax, Cs11, Kachirapalayam, Villupuram Circle, Kallakurichi, Villupuram. Villupuram. [Pan: Aaaak 0655 Q] (अपीलाथ"/Appellant) (""यथ"/Respondent)

section 80P(2)(d) of the Income Tax Act, 1961. In the present case, the assessee has earned interest income of Rs.6,75,68

M/S. KALLAKURICHI CO-OPERATIVE SUGAR MILLS LTD.,KALLAKURICHI vs. ACIT, VILLUPURAM

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

Bench: Shri Mahavir Singh, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.369/Chny/2019 & Ita Nos.409 & 410/Chny/2020 िनधा"रण वष" /Assessment Year: 2015-16 & Assessment Years: 2011-12 & 2012-13 V. M/S.Kallakurichi Co-Operative- The Asst. Commissioner- Sugar Mills Unit-Ii, Of Income Tax, Cs11, Kachirapalayam, Villupuram Circle, Kallakurichi, Villupuram. Villupuram. [Pan: Aaaak 0655 Q] (अपीलाथ"/Appellant) (""यथ"/Respondent)

section 80P(2)(d) of the Income Tax Act, 1961. In the present case, the assessee has earned interest income of Rs.6,75,68

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

D) (as discussed) - Rs. 10,77,942 Rs.1,52,97,338 Assessed Income - Rs.1,79,09,233 @ Rounded of - Rs.1,79,09,230 Aggrieved, assessee preferred appeal before CIT(A). 3.1 The CIT(A) allowed the claim of assessee that the loan given to associated members, they are actual members of the society although they are not entitled to receive

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

D) (as discussed) - Rs. 10,77,942 Rs.1,52,97,338 Assessed Income - Rs.1,79,09,233 @ Rounded of - Rs.1,79,09,230 Aggrieved, assessee preferred appeal before CIT(A). 3.1 The CIT(A) allowed the claim of assessee that the loan given to associated members, they are actual members of the society although they are not entitled to receive

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

D) (as discussed) - Rs. 10,77,942 Rs.1,52,97,338 Assessed Income - Rs.1,79,09,233 @ Rounded of - Rs.1,79,09,230 Aggrieved, assessee preferred appeal before CIT(A). 3.1 The CIT(A) allowed the claim of assessee that the loan given to associated members, they are actual members of the society although they are not entitled to receive

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

D) (as discussed) - Rs. 10,77,942 Rs.1,52,97,338 Assessed Income - Rs.1,79,09,233 @ Rounded of - Rs.1,79,09,230 Aggrieved, assessee preferred appeal before CIT(A). 3.1 The CIT(A) allowed the claim of assessee that the loan given to associated members, they are actual members of the society although they are not entitled to receive

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

D) (as discussed) - Rs. 10,77,942 Rs.1,52,97,338 Assessed Income - Rs.1,79,09,233 @ Rounded of - Rs.1,79,09,230 Aggrieved, assessee preferred appeal before CIT(A). 3.1 The CIT(A) allowed the claim of assessee that the loan given to associated members, they are actual members of the society although they are not entitled to receive

THIRUCHENGODE AGRICULTURAL CO-OP.MARKETING SOCIETY LTD,THIRUCHENGODE vs. CIT(A), SALEM

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

D) (as discussed) - Rs. 10,77,942 Rs.1,52,97,338 Assessed Income - Rs.1,79,09,233 @ Rounded of - Rs.1,79,09,230 Aggrieved, assessee preferred appeal before CIT(A). 3.1 The CIT(A) allowed the claim of assessee that the loan given to associated members, they are actual members of the society although they are not entitled to receive

A KONDALAMPATTY PRIMARY AGRICULTURAL CO-OPERATIVE CREDIT SOCIETY LIMITED,SALEM vs. ITO, WARD 1(1), SALEM

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

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.1016/Chny/2024 िनधा9रण वष9 /Assessment Year: 2017-18 A Kondalampatty Primary The Income Tax Officer, Agricultural Co-Operative Vs. Ward-1(1), Credit Society Ltd., Salem. Kondalampatty, Salem – 636 010. [Pan: Aabaa 7085R] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" की ओर से/ Appellant By : Shri S. Sridhar, Advocate (Erode) Hiथ" की ओर से /Respondent By : Shri Arv Srinivasan, Addl. Cit सुनवाई की तारीख/Date Of Hearing : 18.07.2024 घोषणा की तारीख /Date Of Pronouncement : 24.07.2024 आदेश / O R D E R Per Jagadish, A.M : Aforesaid Appeal Filed By The Assessee For Assessment Year (Ay) 2017-18 Arises Out Of The Order Of Learned Commissioner Of Income Tax, National Faceless Appeal Centre (Nfac), Delhi [Hereinafter “Cit(A)”] Dated 23.02.2024 In The Matter Of Assessment Framed By Ld. Assessing Officer [Ao] U/S. 143(3) Of The Act On 24.12.2019. :- 2 -: 2. The Only Ground Of Appeal In This Appeal Is Against The Disallowance Of Claim Of Deduction U/S. 80P(4) Of The Act Of Rs.35,32,342/-. The Assessee Is The Primary Agricultural Co-Operative

D E R PER JAGADISH, A.M : Aforesaid appeal filed by the assessee for Assessment Year (AY) 2017-18 arises out of the order of Learned Commissioner of Income Tax, National Faceless Appeal Centre (NFAC), Delhi [hereinafter “CIT(A)”] dated 23.02.2024 in the matter of assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 24.12.2019. :- 2

ELUMALAIYAN POWERLOOM, WEAVERS COOP P & S SOCIETY LIMITED,ERODE vs. ITO, WARD-1(1), ERODE

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

Bench: Shri Mahavir Singhआयकर अपील सं./Ita No.: 1463/Chny/2023 िनधा"रण वष"/Assessment Year: 2020-21 Elumalaiyan Powerloom Vs. The Income Tax Officer, Weavers Co.Op P & S Society Ward 1(1), Limited Eh 216, Erode. No.285/1, Karuppannan Koil Street, Kumalan Kuttai, Erode – 638 011. [Pan: Aaaae 3164A] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Ms. S. Sree Lakshmi Valli, Advocate ""यथ" क" ओर से /Respondent By : Shri D. Hema Bhupal, Jcit सुनवाई क" तार"ख/Date Of Hearing : 21.02.2024 घोषणा क" तार"ख /Date Of Pronouncement : 21.02.2024

d) of subsection (2) of Section 80P of the Act and therefore he confirmed the disallowance made by the ld. Assessing Officer of interest and dividend income earned by the assessee from Erode District Central Co-operative Bank and claimed deduction u/s.80P(2)(a)(i) of the Act. Aggrieved, assessee preferred an appeal before the Tribunal. 5. I have

THE COMMERCIAL EMPLOYEES CO-OPERATIVE SOCIETY LTD,CHENNAI vs. ITO NON- CORPORATE WARD 12(1), CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri Mahavir Singh & Shri Manjunatha.Gआयकरअपीलसं./I.T.A. No. 619/Chny/2023 िनधा"रणवष"/Assessment Year : 2018-2019 The Commercial Employees Co- Vs. The Income Tax Officer, Operative Society Limited, Non Corp Ward 12(1) No.37C, Sembudoss Street, Chennai. George Town, Chennai 600 001. [Pan Aahat 3600M] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. J. Prabhakar, C.A. अपीलाथ" क" ओर से/ Appellant By ""यथ" क" ओरसे /Respondent By : Shri. Nilay Baran Som, Cit. सुनवाई क" तारीख/Date Of Hearing : 19.12.2023 घोषणा क" तारीख /Date Of Pronouncement : 29.12.2023 आदेश/ O R D E R Per Mahavir Singh:

D E R PER MAHAVIR SINGH, VICE PRESIDENT: This appeal filed by the assessee is directed against the Revision order passed by the Principal Commissioner of Income Tax, Chennai in Revision No.PCIT, Chennai-8/Revision-263/ 100000469495/2023 dated 30.03.2023. The assessment was framed by the Addl./Joint/Deputy/Asst. Commissioner of Income Tax/Income Tax Officer, National e-Assessment Centre, Delhi for the assessment

KANGAYAM PRIMARY AGRICULTURAL CO-OPERATIVE CREDIT SOCIETY,KANGAYAM vs. ITO, WARD-1(4), , TIRUPUR

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

2)(d). Therefore, the AO decision to disallow this income of Rs.5,14,418/- and subjecting it to tax as per section 56 is upheld The appellant’s appeal on this ground is dismissed.” Aggrieved, now assessee is in appeal before the Tribunal. 5. We have heard rival contentions and gone through facts and circumstances of the case

DCIT CORPORATE CIRCLE 5(1), CHENNAI vs. REPCO HOME FINANCE P LTD., CHENNAI

In the result, the appeal of Revenue in ITA no

Bench: Shri George Mathan & Shri Ramit Kochar

80P ; (e) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes ; (f) "public company" shall have the meaning assigned to it in section 3 of the Companies

ABAN SINGAPORE PTE LIMITED,CHENNAI vs. DCIT INTL TAX 1(1), CHENNAI

In the result, the appeal of assessee is allowed

Bench: Shri Aby T Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.500/Chny/2025 Assessment Years: 2022-23 Aban Singapore Pte Limited Deputy Commissioner Of Income Room No.8713, Bsnl Building, Tax, 4Th Floor, Bsnl Towers, Intl Tax-1(1), No.16, Greams Road, Chennai. Chennai [Pan: Aaqca2845Q]

68[(g) any sum payable by the assessee to the Indian Railways for the use of railway assets, 69[or]] 70[(h) any sum payable by the assessee to a micro or small enterprise beyond the time limit specified in section 15 71 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006),] shall be allowed

DK 140 UTHANGARAI PUESHES TEACHERS & EMP. CO-OP THRIFT & CREDIT SCOIETY LTD.,KRISHNAGIRI vs. ITO, WARD-1,, KRISHNAGIRI

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

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.1227/Chny/2025 िनधा"रण वष"/Assessment Year: 2020-21 Dk140 Uthangarai Pueshes Teachers Vs. The Income Tax Officer & Emp. Co-Op. Thrift & Credit Ward 1, Society Limited, 140, Uthangarai, Krishnagiri. Krishnagiri-635 001. [Pan:Aagad3195A] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri T.S. Lakshmi Venkataraman, F.C.A. ""थ" की ओर से/Respondent By : Shri Vijay Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 18.06.2025 घोषणा की तारीख /Date Of Pronouncement : 30.06.2025 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 24.02.2025 Passed By The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi For The Assessment Year 2020-21. 2. The Assessee Raised 6 Grounds Of Appeal Amongst Which, The Only Issue Emanates For Our Consideration As To Whether The Ld. Cit(A)

d) of Section 253(6) of the Act. In our opinion, there is not much difference between an order of CIT(Appeals) which is not on merits, but dismissing an appeal whether on account of limitation or on account of non-appearance of the parties. In this view of the matter, we admit the appeal of the assessee

CENTRAL EXCISE STAFF COOP THRIFT AND CREDIT SOCIETY LIMITED NOX-397,CHENNAI vs. ITO, NON CORPORATE WARD-3(5), CHENNAI

In the result, both these appeals of the assessee are

Bench: Shri Mahavir Singh, Vice- & Shri G.Manjunathaआयकरअपीलसं./I.T.A.Nos.111 & 112/Chny/2023 ("नधा"रणवष" / Assessment Years:2017-18 & 2018-19) The Central Excise Staff Co-Op Thrift Vs The Income Tax Officer & Credit Society Ltd. Nox-397, Non-Corporate Ward-3(5) 26/1, Uthamar Gandhi Salai, Chennai. Nungambakkam, Chennai. -600 034. Pan:Aaeat 9030G (अपीलाथ"/Appellant) (""यथ"/Respondent)

2)(d) by applying provisions of section 80P(4) and by holding that interest income earned by depositing excess fund in co- operative bank is a part of co-operative society’s business and hence, denied claim of deduction. Aggrieved, the assessee came in appeal before the Tribunal. 6. We noted that there are interest income from Chennai Central

CENTRAL EXCISE STAFF COOP THRIFT AND CREDIT SOCIETY LIMITED NOX-397,CHENNAI vs. ITO, NON CORPORATE WARD-3(5), CHENNAI

In the result, both these appeals of the assessee are

Bench: Shri Mahavir Singh, Vice- & Shri G.Manjunathaआयकरअपीलसं./I.T.A.Nos.111 & 112/Chny/2023 ("नधा"रणवष" / Assessment Years:2017-18 & 2018-19) The Central Excise Staff Co-Op Thrift Vs The Income Tax Officer & Credit Society Ltd. Nox-397, Non-Corporate Ward-3(5) 26/1, Uthamar Gandhi Salai, Chennai. Nungambakkam, Chennai. -600 034. Pan:Aaeat 9030G (अपीलाथ"/Appellant) (""यथ"/Respondent)

2)(d) by applying provisions of section 80P(4) and by holding that interest income earned by depositing excess fund in co- operative bank is a part of co-operative society’s business and hence, denied claim of deduction. Aggrieved, the assessee came in appeal before the Tribunal. 6. We noted that there are interest income from Chennai Central