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3 results for “disallowance”+ Section 801clear

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Key Topics

Section 80P17Section 80P(2)12Section 80P(2)(a)6Exemption3Deduction3Section 143(3)2

ELANTHOOR SERVICE CO OPER BANK LIMITED,ELANTHOOR vs. ITO, WARD 2, THIRUVALLA

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

ITA 468/COCH/2024[2020-21]Status: DisposedITAT Cochin19 Feb 2025AY 2020-21

Bench: Shri Inturi Rama Rao & Shri Soundararajan K.Assessment Year : 2020-21

For Appellant: Shri T.T. Biju, Advocate
Section 80Section 801Section 80PSection 80P(2)(a)

801) (2)(a)(i). Once it is found that the appellant is a PACS and doing banking activities, which is permissible under Section 80P(2)(a)(i), there is no justification to deny the deduction with respect to the income received during the carrying on of such banking activity. 4. The appellant is bound to maintain liquidity and the appellant

THE ITO, KOTTAYAM vs. THE KIZHATHADIYOOR SERVICE CO-OP BANK LTD, KOTTAYAM

ITA 140/COCH/2018[2012-13]Status: DisposedITAT Cochin23 Jul 2018AY 2012-13

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. Nos.139 & 140/Coch/2018 Assessment Years : 2011-12 & 2012-13 The Assistant Commissioner Of Vs. M/S. The Kizhathadiyoor Service Income-Tax, Circle-1, Kottayam. Co-Operative Bank Ltd., Main Road, Pala, Kottayam. [Pan : Aaaak 3240R]

Section 143(3)Section 80PSection 80P(2)Section 80P(2)(a)

801/- u/s. 80P of the Act. For the assessment year 2012-13, the assessee had filed return of income on 25/02/2014 declaring Nil income after claiming deduction u/s. 80P of the I.T. Act at Rs.1,25,23,142/-. The assessments u/s. 143(3) of the Act were completed for AYs 2011-12 and 2012-13 vide orders dated 27/03/2014

THE ACIT, CIRCLE-1, KOTTAYAM, KOTTAYAM vs. M/S.THE KIZHATHADIYOOR SERVICED CO-OP BANK LTD, KOTTAYAM

ITA 139/COCH/2018[2011-12]Status: DisposedITAT Cochin23 Jul 2018AY 2011-12

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. Nos.139 & 140/Coch/2018 Assessment Years : 2011-12 & 2012-13 The Assistant Commissioner Of Vs. M/S. The Kizhathadiyoor Service Income-Tax, Circle-1, Kottayam. Co-Operative Bank Ltd., Main Road, Pala, Kottayam. [Pan : Aaaak 3240R]

Section 143(3)Section 80PSection 80P(2)Section 80P(2)(a)

801/- u/s. 80P of the Act. For the assessment year 2012-13, the assessee had filed return of income on 25/02/2014 declaring Nil income after claiming deduction u/s. 80P of the I.T. Act at Rs.1,25,23,142/-. The assessments u/s. 143(3) of the Act were completed for AYs 2011-12 and 2012-13 vide orders dated 27/03/2014