ERAMALLOOR SERVICE CO-PERATIVE BANK LTDS NO.1175,CHERTHALA vs. ITO, WARD-1, ALAPPUZHA

In the result, the appeal by the assessee is dismissed

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

80A(5) of the Act, held that since the assessee has not made any claim of deduction 3 ITA No.820/Coch/2024. Eramalloor SC.B Ltd. under Chapter-VIA, which includes deduction under section 80P of the Act, in the return of income, no such deduction shall be allowed. Accordingly, the AO, vide order dated 11/12/2019, passed under section

THE KATTOOR SERVICE COOPERATIVE BANK LIMITED,THRISSUR vs. INCOME TAX OFFICER, WARD 2(1), THRISSUR, THRISSUR

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm

condone the delay and admit the appeal for adjudication. 8. The learned counsel for the assessee contended that the addition made u/s. 69A of the Act would only enhance the business profit of the appellant, such business profits qualifies for deduction Kattoor Service Co-op. Bank Ltd. u/s. 80P in terms of CBDT Circular No. 37/2016 dated

THE KATTOOR SERVICE COOPERATIVE BANK LIMITED,THRISSUR vs. INCOME TAX OFFICER, WARD 2(1), THRISSUR, THRISSUR

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm

condone the delay and admit the appeal for adjudication. 8. The learned counsel for the assessee contended that the addition made u/s. 69A of the Act would only enhance the business profit of the appellant, such business profits qualifies for deduction Kattoor Service Co-op. Bank Ltd. u/s. 80P in terms of CBDT Circular No. 37/2016 dated

THE KATTOOR SERVICE COOPERATIVE BANK LIMITED,THRISSUR vs. INCOME TAX OFFICER, WARD 2(1), THRISSUR, THRISSUR

In the result, the appeals filed by the assessee stand dismissed

delay, in the absence of any\nevidence contrary, we are of the considered opinion that the\nappellant society is prevented by sufficient reasonable cause in filing\nthe appeal within the prescribed limit. Accordingly, we condone the\ndelay and admit the appeal for adjudication.\n8.\nThe learned counsel for the assessee contended that the\naddition made

VENGOLA SERVICE CO OP BANK LTD,ERNAKULAM vs. ITO, WARD 2, ALUVA

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

Bench: Shri Inturi Rama Rao, Am & Shri Keshav Dubey, Jm Assessment Year: 2018-19 Vengola Service Co-Op. Bank Ltd. .......... Appellant 13/621 Ab, Kunnathunadu Vengola P.O., Ernakulam 683556 [Pan: Aaaav1709N] Vs. The Income Tax Officer .......... Respondent Ward - 2, Aluva Appellant By: Shri Lokanathan R., Ca Respondent By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 06.01.2025 Date Of Pronouncement: 28.01.2025

5. We have heard the rival contentions of both the parties and perused the material available on record. At the outset we find that there is a delay in filing the present appeal by 91 days. The assessee filed a petition along with an affidavit praying for condonation of delay on the ground that the order passed

KULASEKHARAPURAM SERVICE COPERATIVE BANK LTD NO.995,KOLLAM vs. ITO, KOLLAM

In the result, ITA No. 781/Coch/2024 is dismissed and ITA Nos

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm

80A(5), the claim for deduction under Section 80P could be made by an assessee in a return filed within the time prescribed for filing such returns under any of the above provisions. The amendment to Section 80AC with effect from 1.4.2018, however, mandated that for an assessee to get a deduction under Section

KULASEKHARAPURAM SERVICE COOPERATIVE BANK LTD NO.995,KOLLAM vs. ITO, WARD-5, ALAPPUZHA

In the result, ITA No. 781/Coch/2024 is dismissed and ITA Nos

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm

80A(5), the claim for deduction under Section 80P could be made by an assessee in a return filed within the time prescribed for filing such returns under any of the above provisions. The amendment to Section 80AC with effect from 1.4.2018, however, mandated that for an assessee to get a deduction under Section

KULASEKHARAPURAM SERVICE COOPERATIVE BANK LTD NO.995,KOLLAM vs. ITO, WARD-5, ALAPPUZHA

In the result, ITA No. 781/Coch/2024 is dismissed and ITA Nos

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm

80A(5), the claim for deduction under Section 80P could be made by an assessee in a return filed within the time prescribed for filing such returns under any of the above provisions. The amendment to Section 80AC with effect from 1.4.2018, however, mandated that for an assessee to get a deduction under Section

KANDALLOOR SERVICE CO-OPERATIVE BANK LIMITED NO2166,ALAPPUZHA vs. INCOME TAX OFFICER, ALAPPUZHA

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

Bench: Shri George George K, Vice- & Shri Inturi Rama Rao

condone the delay of 371 days in filing this appeal and proceed to dispose of the same on merits. 3. The grounds raised read as follows:- “1. The learned Commissioner of Income Tax (Appeals) erred in denying the deduction u/s 80P of the Income Tax Act, 1961, on the ground that the return of income was not filed within

THE ADHYAPAKA C-O-PBANK LTD , PATHANAMTHITTA vs. ITO, WARD 4, THIRUVALLA, THIRUVALLA

Bench: Shri George Mathan, Jm & Shri B.R. Baskaran, Am The Adhyapaka Cooperative D.C.I.T., Cpc Bank Ltd, No. A 300 Bangalore Vs. Puthussery P.O., Kallooppara Pathanamthtta 689602 Pan – Aaaat6387Q Appellant Respondent

80A(5) shows that no deduction under “C- deduction in respect of certain comes is allowable if the assessee fails to make a claim in its return of income for the deduction”. In the present case, admittedly the assessee has made the claim under Section 80P of the Act. Further, a perusal of provisions of Section 80AC shows that

THE KADAVALUR SERVICE COOPERATIVE BANK LIMITED NO3821,THRISSUR vs. INCOME TAX OFFICER, WARD 1, GURUVAYUR

In the result, the assessee’s appeal is allowed for statistical purposes

Bench: Shri Sanjay Arora & Ms. Kavitha Rajagopal

delay was accordingly condoned, and the appeal admitted for being heard on merits. ITA No. 639/Coch/2023 & SA 151/C/23 The Kadavallur SCB Ltd v. ITO 2.2 The brief facts of the case are that the assessee, registered as a primary agricultural co-operative society (PACS) under the Kerala State Co-operative Societies Act, 1969 (Kerala Act), returned nil income