PLANT LIPIDS (P) LTD.,KADAYIRUPPU vs. DCIT , CORPORATE CIRCLE-2(1), KOCHI

In the result appeal filed by assessee stands allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessmentyear:2020-21 Plant Lipids (P) Ltd. Kadayiruppu Po Kolenchery Dcit, Vs. Kerala 682 311 Corporate Circle-2(1) Kochi Pan No : Aabcp6061C Appellant Respondent Appellant By : Shri Thomson Thomas, A.R. Respondent By : Shri Sanjit Kumar Das, D.R. Date Of Hearing : 20.02.2025 Date Of Pronouncement : 19.05.2025 O R D E R Perkeshav Dubey: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of The Ao, Assessment Unit, Income Tax Department Dated 19.6.2024 Vide Din No.Itba/Ast/S/143(3)/2024- 25/1065876641(1) For The Ay 2020-21 Passed U/S 143(3) R.W.S. 144C(13) R.W.S. 144B Of The Income Tax Act, 1961 (In Short “The Act”). 2. The Assessee Has Raised Following Grounds Of Appeal: Plant Lipids (P) Ltd., Kolencherry, Kerala Page 2 Of 8

144B of the Act. 4. Being aggrieved by the disallowance of deduction u/s 80Gof the Act by the Assessing officer the assessee has filed the present appeal before this Tribunal. 5. Thus, the solitary issue raised before us is whether the AO justified in rejecting claim u/s 80G of the Act on the expenses incurred on account of Corporate Social

THE BADAGARA CO-OPERATIVE RURAL BANK LTD,VADAGARA vs. ITO, WARD-2(2), KOZHIKODE

Appeal is dismissed as withdrawn in above terms

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhbadagara Co-Op. Rural Bank Ltd. The Income Tax Officer - 2(2) V.O. Road, Vadagara 673101 Aayakar Bhavan, Mananchira Vs. [Pan: Aaaat6785E] Kozhikode 673001 (Appellant) (Respondent)

144B assessment dated 19.09.2022 as upheld in CIT(A)’s order. He seeks to buttress the point that the legislature has 2 Badagara Co-op. Rural Bank Ltd. amended section 143(1)(a)(v) vide Finance Act, 2021 w.e.f. 01.04.2021 whereas we are in AY 2020-21 and therefore such a disallowance

KALIKAVU SERVICE CO-OPERATIVE BANK LIMITED,KALIKAVU vs. ITO, WARD-2, TIRUR

Appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

disallowance of the deduction claimed by the assessee amounting to Rs. 28,38,830.00 under the provisions of section 80 P of the Act. 3. The necessary facts are that the assessee is registered as a Primary Agricultural Co-op society and claims to be engaged in providing loans to its members for Kalikvu Service Co-operative Bank Ltd. agricultural

KALIKAVU SERVICE CO-OPERATIVE BANK LIMITED,KALIKAVU vs. ITO, WARD-2, TIRUR

Appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

disallowance of the deduction claimed by the assessee amounting to Rs. 28,38,830.00 under the provisions of section 80 P of the Act. 3. The necessary facts are that the assessee is registered as a Primary Agricultural Co-op society and claims to be engaged in providing loans to its members for Kalikvu Service Co-operative Bank Ltd. agricultural

DY.COMMISSIONER OF INCOME TAX, THRISSUR vs. THE CSB BANK LTD, THRISSUR

In the result, the appeal of revenue is dismissed

Bench: SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

Section 144B of the Act for the Assessment Year 2014- 2015. 1.1. The appeal preferred by the Revenue was delayed by 60 days. We have head both the sides on application for condonation of delay. The Hon’ble Supreme Court had, in the case of Collector of Land Assessment Year 2014-2015 Acquisition Vs. Mst. Katiji & others

N J THOMAS AND CO,KOTTAYAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, KOTTAYAM, KOTTAYAM

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

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

section 144B of the Act added the same to the total income of the assessee. Further, the AO also disallowed

KERALA UNIVERSITY STAFF HOUSING COOPERATIVE SOCIETY LTD,THIRUVANANTHAPURAM vs. ITO, WARD 2(1), TRIVANDRUM

In the result, the appeal filed by the assessee stands partly allowed

Bench: Shri Inturi Rama Rao, Am Assessment Year: 2022-23 Kerala University Staff Housing .......... Appellant Co-Opertive Society Ltd. University Campus Senat House Palayam, Thiruvananthapuram 695033 [Pan: Aajak0089P] Vs. The Income Tax Officer .......... Respondent Ward - 2(1), Thiruvananthapuram

144B of the Act vide order dated 20.02.2024 disallowing the deduction calmed placing reliance on the provisions of section 80AC

ARYAND SERVICE CO-OPRERATIVE BANK LTD,ARYAND vs. I.T.O, WARD-2(3), KAWDIAR

In the result, the appeal is dismissed and decided as above

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

section 144B of the Income-tax Act, 1961 on 22/09/21 determining total income of Rs.83,70,765/-. Aggrieved by the above order of the A.O., the present appeal has been filed. In the assessment order dated 22/09/21, the A.O. reiterated "co-operative societies with the primary object of banking business activities will not come under the meaning of primary agricultural

BEENA VEERIAH REDDY,KOTTAYAM vs. DCIT, CIRCLE-1 & TPS, KOTTAYAM

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

Bench: Shri Inturi Rama Rao, Am& Shri Rahul Chaudharyassessment Year: 2020-21 Beenaveeriah Reddy, .......... Appellant M/S. Seematti, K.K. Road, Kottayam, Kerala-686001 [Pan: Abopt 2020 Q] Vs. Deputy Commissioner Of Income Tax .......... Respondent Circle-1 & Tps, Kottayam. Appellant By: Shri R. Krishnan, Ca Respondent By: Smt. Leena Lal, Sr. Dr Date Of Hearing: 22.08.2025 Date Of Pronouncement: 26.08.2025 O R D E R Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Passed By The Learned Commissioner Of Income Tax/Nfac, Delhi[For Short, ‘Cit(A)’] Dated 19.06.2025 U/S. 250 Of The Income Tax Act, 1961 (For Short, 'The Act') For Assessment Year (Ay) 2020-21. 2. Brief Facts Of The Case Are That Appellant Is An Individual, Engaged In The Business Of Retail Garments. The Return Of Income For The A.Y. 2020-21 Was Filed On 15/02/2021 Declaring Income Of Rs. 39,10,54,160/-. Against The Said Return Of Income, The Assessment Was Completed By The National Faceless Centre Vide Order Dated

section 143(3) r.w.s. 144B of the Act at a total income of Rs. 40,09,93,806/-. While doing so, the Assessing Officer (for short, ‘AO’) made addition by disallowing

ANGAMALY SERVICE COOPERATIVE BANK LTD NO 714,ANGAMALY vs. INCOME TAX OFFICER, WARD 1 AND TPS, ALUVA, ALUVA

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

Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessment Year: 2019-20 Angamaly Service Co-Operative Bank Ltd. No.714, Angamaly So Vs. Ernakulam Ito Ward-1 & Tps Kerala 683 572 Aluva Pan No : Aacaa1050B Appellant Respondent Appellant By : None. Respondent By : Smt. Leena Lal, Sr. D.R. Date Of Hearing : 28.01.2025 Date Of Pronouncement : 02.04.2025 O R D E R Per Keshav Dubey: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of Cit(A)/Nfac Dated 21.6.2024 Vide Din & Order No. Itba/Nfac/S/250/2024-25/1065923392(1) For The Ay 2019-20. 2. The Assessee Has Raised The Following Grounds Of Appeal: Angamaly Service Co-Operative Bank Ltd., Angamaly Page 2 Of 6

section 80P of the Act and declared total income as NIL. Thereafter, notices u/s 143(2) as well as u/s. 142(1) of the Act along with Show Cause Notice was issued to the assessee and the assessee submitted its reply against the aforesaid notices. The AO completed the assessment proceedings u/s 147 r.w.s. 144B on 21/02/2024 by disallowing

NATTIKA SERVICE CO OPERATIVE BANK LTD NO R 308,NATTIKA vs. INCOME TAX OFFICER, GURUVAYUR

In the result, the appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao, Am

144B of the Act disallowing the claim of deduction u/s. 80P(2)(d) of the Act holding that the interest earned from co-operative banks amounting to Rs. 14,83,083/- does not qualify for deduction u/s. 80P(2)(d) of the Act. 4. Being aggrieved, an appeal was filed before the CIT(A), who vide the impugned order confirmed

NATTIKA SERVICE CO OPERATIVE BANK LTD NO R 308,NATTIKA vs. INCOME TAX OFFICER, GURUVAYUR

In the result, the appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao, Am

144B of the Act disallowing the claim of deduction u/s. 80P(2)(d) of the Act holding that the interest earned from co-operative banks amounting to Rs. 14,83,083/- does not qualify for deduction u/s. 80P(2)(d) of the Act. 4. Being aggrieved, an appeal was filed before the CIT(A), who vide the impugned order confirmed

NATTIKA SERVICE CO OPERATIVE BANK LTD NO R 308,NATTIKA vs. INCOME TAX OFFICER, GURUVAYUR

In the result, the appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao, Am

144B of the Act disallowing the claim of deduction u/s. 80P(2)(d) of the Act holding that the interest earned from co-operative banks amounting to Rs. 14,83,083/- does not qualify for deduction u/s. 80P(2)(d) of the Act. 4. Being aggrieved, an appeal was filed before the CIT(A), who vide the impugned order confirmed

M/S.THE MUNDAKKAYAM SERVICE CO-OP BANK LTD,KOTTAYAM vs. THE ITO, KOTTAYAM

Bench: Shri Sanjay Arora & Shri Manomohan Dasthe Mundakkayam Service Co- The Income Tax Officer Operative Bank Ltd. Ward – 2 Mundakkayam Vs. Kottayam Kottayam 686513 [Pan:Aaaat8803H] (Appellant) (Respondent)

section 143(3) r/ws. 144B of Income Tax Act, 1961 (the Act) dated 29.9.2021 for Assessment Year (AY) 2018-19, by the Commissioner of Income Tax (Appeals), IT Department [CIT(A)], vide it’s Order dated 25.11.2022. 2. The facts of the case in brief are that the assessee, registered as a primary agricultural credit society (PACS) under the Kerala

PUSHPAGIRI MEDICAL SOCIETY,THIRUVALLA vs. ACIT, EXEMPTION CIRCLE, THIRUVANANTHAPURA, THIRUVANANTHAPURA

In the result, the assessee’s appeal is allowed

Bench: Shri Sanjay Arora & Shri Aby T.Varkeypushpagiri Medical Society Asst. Cit Thiruvalla 689101 (Exemptions) Vs. Pan – Aaatp2418H Cochin

144B of the Income Tax Act, 1961 (‘the Act’ hereinafter) dated 13.4.2021 for Assessment Year (AY) 2018-19. 2. The assessee, a society by the name Pushpagiri Medical Society, is running a 800 bedded hospital (by the name Pushpagiri Hospital) and 5 medical institutions. It is registered both under section

THE KERALA STATE FINANCIAL ENTERPRISE LTD,CHEMBUKKAVU vs. DCIT, CIRCLE-1(1) &TPS, THRISSUR

In the result, appeal filed by the assessee as well as Revenue stand partly allowed

Bench: Shri Inturi Rama Rao, Accontant Member & Shri Sandeep Singh Karhail

144B of the Act vide order dated 5th September, 2022 at a total income of Rs.454,75,49,402. While doing so, the AO made following disallowances. (i) Disallowance of provision for bad and doubtful debts. Rs.227,48,76,260 (ii) Disallowance of guarantee commission paid to Government of Kerala u/s.40

THE KERALA STATE FINANCIAL ENTERPRISES LIMITED,THRISSUR vs. DCIT, CIRCLE 1(1) TPS, THRISSUR

In the result, appeal filed by the assessee as well as Revenue stand partly allowed

Bench: Shri Inturi Rama Rao, Accontant Member & Shri Sandeep Singh Karhail

144B of the Act vide order dated 5th September, 2022 at a total income of Rs.454,75,49,402. While doing so, the AO made following disallowances. (i) Disallowance of provision for bad and doubtful debts. Rs.227,48,76,260 (ii) Disallowance of guarantee commission paid to Government of Kerala u/s.40

ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-1(1), THRISSUR vs. THE KERALA STATE FINANCIAL ENTERPRISES LIMITED, THRISSUR

In the result, appeal filed by the assessee as well as Revenue stand partly allowed

Bench: Shri Inturi Rama Rao, Accontant Member & Shri Sandeep Singh Karhail

144B of the Act vide order dated 5th September, 2022 at a total income of Rs.454,75,49,402. While doing so, the AO made following disallowances. (i) Disallowance of provision for bad and doubtful debts. Rs.227,48,76,260 (ii) Disallowance of guarantee commission paid to Government of Kerala u/s.40

ASSISTANT COMMISSIONER OF INCOME TAX, THRISSUR vs. THE KERALA STATE FINANCIAL ENTERPRISES LIMITED, THRISSUR

In the result, appeal filed by the assessee as well as Revenue stand partly allowed

Bench: Shri Inturi Rama Rao, Accontant Member & Shri Sandeep Singh Karhail

144B of the Act vide order dated 5th September, 2022 at a total income of Rs.454,75,49,402. While doing so, the AO made following disallowances. (i) Disallowance of provision for bad and doubtful debts. Rs.227,48,76,260 (ii) Disallowance of guarantee commission paid to Government of Kerala u/s.40