FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

THOTTIPAL SERVICE COOPERATIVE BANK,THRISSUR vs. ITO WARD 2(5), THRISSUR

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

reassessment proceedings under Section 147 of the Act were initiated by issuance of notice under Section 1448 of the Act. In response, the Assessee filed a return of income on 19/11/2021 declaring ‘Nil’ income after claiming deduction under Section 80P(2

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.

80P of the Act). The assessment under Section 143(3) r.w.s. 147 of the Act was Karikode Service Co-op. Bank Ltd. completed vide order dated 19.12.2016 disallowing the claim for deduction under Section SOP of the Act. It is noted that penalty under Sections 271B and 271F of the Act was also imposed. 3. Aggrieved-by the reassessment completed

KERALA AGRICULTURAL UNIVERSITY CO-OP SOCIETY,THRISSUR vs. ITO WARD 2(1), THRISSUR

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

Bench: Shri Chandra Poojari & Shri Soundararajan K

section 80P of the Income-tax Act, 1961 (the Act). The AO not accepted the case of the assessee for the reason that the assessee is not eligible to get the benefit u/s.80P of the Act for the reason that they are dealing with the members as well as non-members, and therefore, the principle of mutuality was not there

KERALA AGRICULTURAL UNIVERSITY CO-OP SOCIETY,THRISSUR vs. ITO WARD 2(1), THRISSUR

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

Bench: Shri Chandra Poojari & Shri Soundararajan K

section 80P of the Income-tax Act, 1961 (the Act). The AO not accepted the case of the assessee for the reason that the assessee is not eligible to get the benefit u/s.80P of the Act for the reason that they are dealing with the members as well as non-members, and therefore, the principle of mutuality was not there