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2 results for “disallowance”+ Section 80P(1)clear

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Key Topics

Section 14A5Section 80P(2)(d)5Section 2633Section 143(3)2Deduction2

NEELACHAL GRAMYA BANK (SUCCEEDED BY ODISHA GRAMYA BANK),BHUBANESWAR vs. DCIT, CIRCLE-2(2), BHUBANESWAR

In the result, appeal of the assessee is partly allowed for statistical purposes

ITA 72/CTK/2018[2010-11]Status: DisposedITAT Cuttack20 Sept 2022AY 2010-11
Section 14ASection 43B

1)(v) of the Act in respect of payments made directly to LIC towards employees’ group gratuity fund. 5.2 In reply, the ld. CIT-DR submitted that the disallowance has rightly been made by the AO and confirmed by the CIT(A) as the same is not approved gratuity fund. It was the submission that the LIC Master Policy

THE CUTTACK CREDIT CO-OPERATIVE SOCIETY LTD.,CUTTACK vs. PRINCIPAL CIT, CUTTACK

In the result, appeal of the assessee is dismissed

ITA 201/CTK/2019[2014-15]Status: DisposedITAT Cuttack17 May 2022AY 2014-15

Bench: S/ S/Shri Chandra Mohan Garg, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaassessment Year : 2014-15 The Cuttack Credit Co The Cuttack Credit Co-Operative Vs. Pr. Cit, Cuttack Pr. Cit, Cuttack Society Ltd., A.D. Market, Link Society Ltd., A.D. Market, Link Road, Cuttack Road, Cuttack Pan/Gir No. No.Aadat 5204 F (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri N.R.Biswal N.R.Biswal, Ar Revenue By : Shri M.K.Goutam, Cit (Dr) Date Of Hearing : 29 /3/ 20 / 2022 Date Of Pronouncement : 17 / 5 /2022 O R D E R

For Appellant: Shri N.R.BiswalFor Respondent: Shri M.K.Goutam
Section 142(1)Section 143(3)Section 263Section 80P(2)(d)

Section 80P(2)(d) of the Act as the interest has been earned from other co-operative societies including cooperative bank and disallowed Rs.533.35 as interest earned from other than co-operative bank. On going through the order passed by the AO, we noticed that the AO has given deduction u/s.80P(2)(d) of the Act to the tune