M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

disallowance made to that extent was deleted. Being so, the assessee cannot have any grievance against this finding of the CIT(A) on this issue. Hence, the ground raised by the assessee with regard to exemption u/s. 36(1)(viia) of the Act is misconstrued. Accordingly, this ground of appeal of the assessee is dismissed. 12. The final ground

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

disallowance made to that extent was deleted. Being so, the assessee cannot have any grievance against this finding of the CIT(A) on this issue. Hence, the ground raised by the assessee with regard to exemption u/s. 36(1)(viia) of the Act is misconstrued. Accordingly, this ground of appeal of the assessee is dismissed. 12. The final ground

THE ITO, TRIVANDRUM vs. M/S.PERRORKADA SERVICE CO-OP BANK LTD, TRIVANDRUM

In the result, the appeal of the Revenue in I

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

disallowance made to that extent was deleted. Being so, the assessee cannot have any grievance against this finding of the CIT(A) on this issue. Hence, the ground raised by the assessee with regard to exemption u/s. 36(1)(viia) of the Act is misconstrued. Accordingly, this ground of appeal of the assessee is dismissed. 12. The final ground

TRIVANDRUM DISTRICT ELECTRICITY BOARD EMPLOYEES CO-OP SOCIETY,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM

The appeals of the assessee are allowed

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

disallowed the claim of deduction u/s.80P to the assessee in view of the provisions of sec. 80A(5) of the Act. The A.O. also initiated penalty proceedings u/s.271B of the Act on the ground that the assessee failed to get the accounts audited in time as well as submitting the audit report in time. Thereafter the A.O. issued show cause

TRIVANDRUM DISTRICT ELECTRICITY BOARD EMPLOYEES CO-OP SOCIETY,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM

The appeals of the assessee are allowed

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

disallowed the claim of deduction u/s.80P to the assessee in view of the provisions of sec. 80A(5) of the Act. The A.O. also initiated penalty proceedings u/s.271B of the Act on the ground that the assessee failed to get the accounts audited in time as well as submitting the audit report in time. Thereafter the A.O. issued show cause

CHANDIROOR SERVICE CO-OPERATIVE BANK LTD,ALAPPUZHA vs. JCIT, RANGE 1, ALAPPUZHA

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

disallowing deduction under Section 80P and determining the total income at Rs. 32,96,560. During the assessment proceedings the Assessing Officer noted that the assessee failed to get its accounts audited within the time prescribed under Section 44AB of the Act. Accordingly, penalty proceedings under Section 271B

KARIKODE SERVICE CO-OPERATIVE BANK LTD.,THODUPUZHA vs. THE ITO WARD-1, THODUPUZHA, THODUPUZHA

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

Bench: Shri George George K. & Ms. Padmavathy S.

disallowing the claim for deduction under Section SOP of the Act. It is noted that penalty under Sections 271B and 271F

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

section 271B was to be imposed on assessee.” 14. The facts of the case on hand are identical as discussed above. Thus, respectfully following the same, we delete the penalty imposed by the Revenue. ITA No. 783/Coch/2024 – AY: 2020-21 15. This appeal is filed against the order of the CIT(A) dated 16.08.2024 confirming the action

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

section 271B was to be imposed on assessee.” 14. The facts of the case on hand are identical as discussed above. Thus, respectfully following the same, we delete the penalty imposed by the Revenue. ITA No. 783/Coch/2024 – AY: 2020-21 15. This appeal is filed against the order of the CIT(A) dated 16.08.2024 confirming the action

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

section 271B was to be imposed on assessee.” 14. The facts of the case on hand are identical as discussed above. Thus, respectfully following the same, we delete the penalty imposed by the Revenue. ITA No. 783/Coch/2024 – AY: 2020-21 15. This appeal is filed against the order of the CIT(A) dated 16.08.2024 confirming the action

M/S.SAHYADRI AGENCIES LTD,KANDNASSERY, THRISSUR vs. THE ITO, WD-1(3), THRISSUR

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

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

271B of the I.T.Act. In para 4 of the A.O., it was stated as follows – “Since the assessee has not complied with the notices issued from time to time and also had not been cooperating with the department to complete the assessment, the case was found to be a fit case for levying a penalty u/s 271(1)(b) r.w.s

M/S.MAJ HOSPITAL,ERNAKULAM vs. THE DCIT9EXEMPTION), , KOCHI

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

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

271B of the I.T.Act in respect of non-audit of books of account of nursing school, has preferred the present appeal before the Tribunal. The learned AR has filed a paper book enclosing the trust deed of the assessee, annual accounts for the year ending 31.03.2011 etc. The learned AR reiterated the submissions made before the Income-tax authorities

KALLUMALA AGRICULTURAL COOPERATIVE BANK LTD NO HW 14,ALAPPUZHA vs. ITO, WARD 2, THIRUVALLA

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

Bench: Shri Inturi Rama Rao, Am & Sonjoy Sarma, Jm

disallowing the claim for deduction U/s. 80P of the Act for only non-filing of the income. It was further submitted that to keep the penalty proceedings in abeyance till the disposal of the appeal. However, the AO had Kallumala Agricultural Cooperative Bank Ltd vs. ITO proceeded with levy of penalty by holding that the assessment proceedings and the penalty

KALLUMALA AGRICULTURAL COOPERATIVE BANK LTD NO HW 14,ALAPPUZHA vs. ITO, WARD 2, THIRUVALLA

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

Bench: Shri Inturi Rama Rao, Am & Sonjoy Sarma, Jm

disallowing the claim for deduction U/s. 80P of the Act for only non-filing of the income. It was further submitted that to keep the penalty proceedings in abeyance till the disposal of the appeal. However, the AO had Kallumala Agricultural Cooperative Bank Ltd vs. ITO proceeded with levy of penalty by holding that the assessment proceedings and the penalty