PUNNAYURKULAM SERVICE CO OPERATIVE BANK LTD NO P 417,PUNNAYURKULAM vs. INCOME TAX OFFICER, GURUVAYUR
In the result, the appeal filed by the assessee stands dismissed
ITA 446/COCH/2025[2023-24]Status: DisposedITAT Cochin08 Aug 2025AY 2023-24
Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K, Jm Assessment Year: 2023-24 Punnayurkulam Service Cooperative .......... Appellant Bank Ltd. No. P417, Punnayurkulam, Thrissur. [Pan: Aacap 6129 J] Vs. Income Tax Officer .......... Respondent Ward-1, Thrissur. Appellant By: Shri Ramdas M, Ca Respondent By: Smt. Leena Lal, Sr. Dr Date Of Hearing: 04.08.2025 Date Of Pronouncement: 08.08.2025 O R D E R Per: Inturi Rama Rao, Am This Appeal Filed By The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi [Cit(A)] Dated 20.05.2025 For Assessment Year (Ay) 2023-24. 2. Brief Facts Of The Case Are That Assessee Is A Cooperative Society Registered Under Kerala Co-Operative Societies Act, 1969. It Is Classified As Primary Agricultural Credit Cooperative Society. It Is Engaged In The Business Of Accepting Deposits From Its Members & Providing Credit Facilities To Its Members. The Return Of Income For The A.Y. 2023-24 Was Filed On 31/12/2020 Declaring Nil Income After
For Appellant: Shri Ramdas M, CAFor Respondent: Smt. Leena Lal, Sr. DR
Section 139(1)Section 143(3)Section 199(2)(b)Section 80ASection 80PSection 80P(2)(a)
1) of the Act placing reliance on the provision of section 80AC of the Act.
3. Being aggrieved, an appeal was filed before the CIT(A), who while confirming the disallowance of claim for deduction u/s. 80P, however, deleted the addition made on account of adding back of the provisions.
4. Being aggrieved, the assessee is in appeal before
