THE KUNDARA PANCHAYATH SERVICE COOPERATIVE BANK LTD,KOLLAM vs. INCOME TAX OFFICER, WARD 4, KOLLAM

In the result, appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

68,214/- as income from other sources and consequently denied deduction u/s 80P of the Act on this amount. The assesse filed an appeal before the CIT(A). The CIT(A)/NFAC, held that the assesse is eligible for deduction u/s 80P of the Act on the business income but the action of the AO in denial of section

THE KUNDARA PANCHAYATH SERVICE COOPERATIVE BANK LTD,KOLLAM vs. INCOME TAX OFFICER, WARD 4, KOLLAM

In the result, appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

68,214/- as income from other sources and consequently denied deduction u/s 80P of the Act on this amount. The assesse filed an appeal before the CIT(A). The CIT(A)/NFAC, held that the assesse is eligible for deduction u/s 80P of the Act on the business income but the action of the AO in denial of section

RAMAPURAM NORTH AISWARYA PRADAYINI SCB LTD ,ALAPPUZHA vs. THE ITO WARD 3, ALAPPUZHA

In the result, the appeals filed by the appellant are allowed and the order(s) of the Kerala High Court and other authorities to the contrary are set aside

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhassessment Year 2017-18 Ramapuram North Aiswarya Pradayini Scb Ltd. Ramapuram North, The Income Tax Officer Vs. Keerikadu P.O., Alappuzha Ward - 3, Pin - 690508 Alappuzha Pan Aacar2023D (Appellant) (Respondent)

2. Coming to the assessee’s sole substantive ground challenging both the learned lower authorities action disallowing sec.80P deduction claim, the Revenue first of all submits that it had not filed it’s return within the “due” date u/sec.139(1) and therefore, both the learned lower authorities have rightly invoked sec.80A(5) of the Act. 3. We find no merit

VILAVATTAM SERVICE CO-OP BANK LTD NO 337,THRISSUR vs. ITO WARD 2(3), THRISSUR

In the result, the appeals filed by the appellant are allowed and the order(s) of the Kerala High Court and other authorities to the contrary are set aside

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

68 taxmann.com 298 (Ker.) having decided the very issue in assessee’s favour. Ordered accordingly. Vilvattam Service Co-op. Bank Ltd. 5. The Revenue’s next vehement contentions seeks to treat the assessee as a cooperative bank u/sec.80P(2)(4) than a credit cooperative society as per Pr. CIT vs. Mavilayi Service Cooperative Bank

VILAVATTAM SERVICE CO-OP BANK LTD NO 337,THRISSUR vs. ITO WARD 2(3), THRISSUR

In the result, the appeals filed by the appellant are allowed and the order(s) of the Kerala High Court and other authorities to the contrary are set aside

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

68 taxmann.com 298 (Ker.) having decided the very issue in assessee’s favour. Ordered accordingly. Vilvattam Service Co-op. Bank Ltd. 5. The Revenue’s next vehement contentions seeks to treat the assessee as a cooperative bank u/sec.80P(2)(4) than a credit cooperative society as per Pr. CIT vs. Mavilayi Service Cooperative Bank

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

section 80P(2)(a)(i). (vi) Whether on the facts and in the circumstances of the case, the order of CIT(A) is correct in not duly considering the following case laws (a) Sabargantha Zilla Kharid Vechar Sangh Ltd. (203 ITR 1027) (SC) (b) Perinthalmanna Service Co-operative Bank (363 ITR 68

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

section 80P(2)(a)(i). (vi) Whether on the facts and in the circumstances of the case, the order of CIT(A) is correct in not duly considering the following case laws (a) Sabargantha Zilla Kharid Vechar Sangh Ltd. (203 ITR 1027) (SC) (b) Perinthalmanna Service Co-operative Bank (363 ITR 68

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

section 80P(2)(a)(i). (vi) Whether on the facts and in the circumstances of the case, the order of CIT(A) is correct in not duly considering the following case laws (a) Sabargantha Zilla Kharid Vechar Sangh Ltd. (203 ITR 1027) (SC) (b) Perinthalmanna Service Co-operative Bank (363 ITR 68

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

section 80P(2)(a)(i). (vi) Whether on the facts and in the circumstances of the case, the order of CIT(A) is correct in not duly considering the following case laws (a) Sabargantha Zilla Kharid Vechar Sangh Ltd. (203 ITR 1027) (SC) (b) Perinthalmanna Service Co-operative Bank (363 ITR 68

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

section 80P(2)(a)(i). (vi) Whether on the facts and in the circumstances of the case, the order of CIT(A) is correct in not duly considering the following case laws (a) Sabargantha Zilla Kharid Vechar Sangh Ltd. (203 ITR 1027) (SC) (b) Perinthalmanna Service Co-operative Bank (363 ITR 68

THE ITO, WD-2(5), RG-2, TVM, TVM vs. M/S.EDACKODU SERVICE CO-OP BANK LTD, TRIVANDRUM

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

2)(a)(i) as originally claimed ITA No.420/Coch/2018 & Anr. 4 M/s.Chirayankeezhu Service Co-op Bank Ltd.& Anr. and they cannot be treated as Primary Co-operative Bank so as to invoke the provisions of section 80P(4) of the Act." 1.1 It is respectfully submitted that the respondent is essentially, a Co- operative bank and not merely a primary

THE ITO, WD-2(5), RG-2, TVM, TVM vs. M/S.EDACKODU SERVICE CO-OP BANK LTD, TRIVANDRUM

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

2)(a)(i) as originally claimed ITA No.420/Coch/2018 & Anr. 4 M/s.Chirayankeezhu Service Co-op Bank Ltd.& Anr. and they cannot be treated as Primary Co-operative Bank so as to invoke the provisions of section 80P(4) of the Act." 1.1 It is respectfully submitted that the respondent is essentially, a Co- operative bank and not merely a primary

THE ITO, WD-2(5), TVM, TVM vs. THE CHIRAYINKEEZHU SERVICE CO-OP BANK LTD, TRIVANDRUM

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

2)(a)(i) as originally claimed ITA No.420/Coch/2018 & Anr. 4 M/s.Chirayankeezhu Service Co-op Bank Ltd.& Anr. and they cannot be treated as Primary Co-operative Bank so as to invoke the provisions of section 80P(4) of the Act." 1.1 It is respectfully submitted that the respondent is essentially, a Co- operative bank and not merely a primary

THE ITO, WD-2(5), TVM, TVM vs. THE CHIRAYINKEEZHU SERVICE CO-OP BANK LTD, TRIVANDRUM

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

2)(a)(i) as originally claimed ITA No.420/Coch/2018 & Anr. 4 M/s.Chirayankeezhu Service Co-op Bank Ltd.& Anr. and they cannot be treated as Primary Co-operative Bank so as to invoke the provisions of section 80P(4) of the Act." 1.1 It is respectfully submitted that the respondent is essentially, a Co- operative bank and not merely a primary

THIRUVALLA SERVICE COOPERATIVE BANK LTD,THIRUVALLA vs. ITO, WARD 2, THIRUVALLA

In the result, we dismiss these I

Bench: Shri Inturi Rama Rao, Am & Sonjoy Sarma, Jm Assessment Year:2021-22 Thiruvalla Service Cooperative Bank Ltd .......... Appellant No. 1307, Kavumbhagam, Thiruvalla P.O, Kerala – 689102. Pan:Aacat9668A

section 80P(2)(d) of the Act on account of interest received from District Cooperative Bank. 11. With regard to the interest income earned from Scheduled Banks, Treasury etc., this issue also stands covered in favour of the assessee by the decision of the Hon'ble jurisdictional High Court in the case of Principal Commissioner of Income

AROOR CO-OP URBAN SOCIETY LTD,KOZHIKKODE vs. ITO, KOZHIKKODE

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

Bench: Shrigeorge George K.And Shrilaxmi Prasad Sahuaroor Co-Operative Urbn Society Dcit, Central Prossing Centre Aroor P.O., Kakkattil 673507 Bangalore Vs.

68 taxmann.com 298). He has submitted a copy of the P&L account in Annexure-2 which reads as follows: - S.No. Loss Rs. S.No. Profit Rs. 1 Total loss as per 1 Total profit as per trading account trading account 2 Interest 7359077 2 Interest receivable 5978097 outstanding 3 Establishment 1304782 3 expenses 4 Contingency 1231087 4 Miscellaneous 4242442 expenses

THE KALAKKODU SERVICE CO-OP BANK LTD,KOLLAM vs. THE ITO, KOLLAM

In the result, the appeal filed by the assessee is partly allowed and the stay petition filed by the assessee is dismissed as infructuous

Bench: Shrigeorge George K.And Shrilaxmi Prasad Sahu(Assessment Year:2018-19

80P(2) of the Income-tax Act. 9. The learned Senior Advocate argues that the 5% expenditure excluded does not merit a deduction under Chapter VI A of the Act. The exclusion has to be treated as an occasion falling under ITA164/Coch/2021& SA 38/C/2021 5 The Kalakkodu Service Co-Operative Bank Ltd. section 68

THE TRIVANDRUM EMPLOYEES CO-OPERATIVE SOCIETY LIMITED NO. 43,THIRUVANANTHAPURAM vs. THE INCOME TAX OFFICER, THIRUVANANTHAPURAM

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

Section 80P(2)(a)(i) and permissible deduction of interest income is limited to Co-operative Societies/Banks registered under Kerala Co-operative Societies Act under clause (d) of the Act and effect order on the above lines is made by the Assessing Officer. The questions are accordingly answered.” 3. We accordingly conclude that the assessee is indeed eligible