CIT vs. KRIBHCO

80P(2)(d) of the Act and, therefore, has to be disallowed under Section 14A. 5. The assessee succeeded in the first appeal and before the tribunal. We may notice that in the first appeal, the assessee had raised several contentions on merits as to the quantum of disallowance of the expenditure under the head “interest” and had pointed

ACIT, BULANDSHAHR vs. M/S ZILA SAHKARI BANK LTD.,, BULANDSHAHR

In the result, the appeal of the Revenue is dismissed

Bench: Shri R. K. Panda & Ms Suchitra Kambleacit Vs Zila Sahkari Bank Ltd. Circle, Income Tax Office, Opp. Moti Bagh Teacher’S Colony Bulandshahar Bulandshahar Aaaaz0005B (Appellant) (Respondent)

house property. Return declaring income of Rs. 3,50,53,910/- was E-filed on 27.09.2012. During the course of assessment proceedings, it was observed by the Assessing Officer that the assessee had credited the amount of Rs. 1,82,02,860/- on account of dividend under the head gross receipts which had been claimed exempt in the computation

ZILA SAHKARI BANK LTD.,BULANDSHAHR vs. DCIT, CIRCLE- 3(1), BULANDSHAHR

In the result, the appeal of the Revenue is dismissed

Bench: Shri Saktijit Dey & Shri M. Balaganeshassessment Year: 2015-16 Zila Sahkari Bank Ltd., Bulandshahr Vs Dcit, C/O Kashyap & Co., Circle-3(1), 114, Citi Centre, Bulandshahr. Bb Road, Meerut, Uttar Pradesh – 250001. Pan: Aaaaz0005B (Appellant) (Respondent) Assessee By : Shri P.S. Kashyap, Ca Revenue By : Shri Bhupendra Anant, Sr. Dr Date Of Hearing : 08.05.2023 Date Of Pronouncement : 22.05.2023 Order Per M. Balaganesh, Am: This Appeal In Ita No.914/Del/2021 For Ay 2015-16 Arises Out Of The Order Of The Commissioner Of Income Tax (Appeals), Ghaziabad [Hereinafter Referred To As ‘Ld. Cit(A)’, In Short] In Appeal No.358717431080118 Dated 31.07.2019 Against The Order Of Assessment Passed U/S 143(3) Of The Income-Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) Dated 22.12.2017 By The Ld. Assessing Officer, Circle-3(1), Bulandshahr (Hereinafter Referred To As ‘Ld. Ao’).

80P(2)(d) of the Act in respect of dividend income. 5. We have heard the rival submissions and perused the material available on record. The assessee is a cooperative society engaged in the business of banking activities. The assessee derived dividend income of Rs.20,22,600/- and claimed the same as exempt

GALLERIA CONDOMINIUM ASSOCIATION,GURGAON vs. INCOME TAX OFFICER, WARD-1(3), GURGAON, GURGAON

In the result, all the appeals filed by the assessee are remanded back to the file of the Assessing Officer for fresh assessment

Bench: Shri Amit Shuklaas S.M.C. (Through Video Conferencing)

section 80P(2)(d) of the Income Tax Act, 1961. As interest income is disbursed to members who had contributed to it. 4. Further as per verdict of Bangalore Club Vs. Commissioner of Income Tax, Interest income is not taxable as concept of mutuality has been extended to define groups of people who contribute to a common fund, controlled

GALLERIA CONDOMINIUM ASSOCIATION,GURGAON vs. INCOME TAX OFFICER, WARD-1(3), GURGAON, GURGAON

In the result, all the appeals filed by the assessee are remanded back to the file of the Assessing Officer for fresh assessment

Bench: Shri Amit Shuklaas S.M.C. (Through Video Conferencing)

section 80P(2)(d) of the Income Tax Act, 1961. As interest income is disbursed to members who had contributed to it. 4. Further as per verdict of Bangalore Club Vs. Commissioner of Income Tax, Interest income is not taxable as concept of mutuality has been extended to define groups of people who contribute to a common fund, controlled

GALLERIA CONDOMINIUM ASSOCIATION,GURGAON vs. INCOME TAX OFFICER, WARD-1(5), GURGAON, GURUGRAM

In the result, all the appeals filed by the assessee are remanded back to the file of the Assessing Officer for fresh assessment

Bench: Shri Amit Shuklaas S.M.C. (Through Video Conferencing)

section 80P(2)(d) of the Income Tax Act, 1961. As interest income is disbursed to members who had contributed to it. 4. Further as per verdict of Bangalore Club Vs. Commissioner of Income Tax, Interest income is not taxable as concept of mutuality has been extended to define groups of people who contribute to a common fund, controlled

ADDL. CIT, BULANDSHAHR vs. M/S. ZILA SAHKARI BANK LTD, BULANDSHAHR

In the result appeal of the revenue is allowed for statistical purposes accordingly

Bench: Shri H.S.Sidhu & Shri Prashant Maharishiaddl. Cit, Vs. Zila Sahkari Bank Ltd, Bulandshahr Motibagh, Bulandshahr Pan:Aaaaz0005B (Appellant) (Respondent)

D E R PER PRASHANT MAHARISHI, A. M. 1. This is an appeal filed by the revenue against the order of the ld CIT(A), Meerut dated 20.09.2013 for the Assessment Year 2007-08. 2. The Revenue has raised the following grounds of appeal:- “1. That the ld CIT(A) has failed to notice that section 80P

GALLERIA CONDOMINIUM ASSOCIATION,GURGAON vs. INCOME TAX OFFICER, WARD-1(3), GURGAON, GURGAON

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

Bench: Shri Chandra Mohan Garg[Assessment Year : 2014-15] Galleria Condominium Vs Ito, Association, Galleria Building, Ward-1(3), Dlf Phase Iv, Dlf City, Gurgaon. Gurgaon, Haryana-122002. Pan-Aaaag3018P Appellant Respondent Appellant By Shri Rishabh Aggarwal, Ca & Ms. Jaishree, Ca Respondent By Shri Mithalesh Kumar Pandey, Sr. Dr Date Of Hearing 13.09.2022 Date Of Pronouncement 19.09.2022

section 80P(2)(d) of the Income Tax Act, 1961. As interest income is disbursed to members who had contributed to it. 4. Further as per verdict of Bangalore Club v/s Commissioner of Income Tax, Interest income is not taxable as concept of mutuality has been extended to define groups of people who contribute to a common fund, controlled

GREAT EASTERN EXPORTS vs. ASSISTANT COMMISSIONER OF INCOME TAX

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

house property respectively. Part B of Chapter IV which dealt with the income from interest on securities has since been deleted. Part D of ITA 267 OF 2008, ITA 1316 OF 2008, ITA 4 OF 2009, Page 11 of 37 ITA 907 OF 2009, ITA 906 OF 2008, ITA 1002 OF 2008 Chapter IV deals with computation of profits

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

property.’ The Assessing Officer is directed to allow necessary deductions against these incomes as per law, after allowing a reasonable opportunity of being heard to the assessee. 24. In the result, appeal of the assessee for the A.Y. 2004-05 is partly allowed for statistical purposes”. 20. The above said order of the Tribunal

ADDI. CIT SPL. RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. , NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

property.’ The Assessing Officer is directed to allow necessary deductions against these incomes as per law, after allowing a reasonable opportunity of being heard to the assessee. 24. In the result, appeal of the assessee for the A.Y. 2004-05 is partly allowed for statistical purposes”. 20. The above said order of the Tribunal

DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. ,NEW DELHI vs. DCIT CIRCLE-10(1), NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

property.’ The Assessing Officer is directed to allow necessary deductions against these incomes as per law, after allowing a reasonable opportunity of being heard to the assessee. 24. In the result, appeal of the assessee for the A.Y. 2004-05 is partly allowed for statistical purposes”. 20. The above said order of the Tribunal

ACIT SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

property.’ The Assessing Officer is directed to allow necessary deductions against these incomes as per law, after allowing a reasonable opportunity of being heard to the assessee. 24. In the result, appeal of the assessee for the A.Y. 2004-05 is partly allowed for statistical purposes”. 20. The above said order of the Tribunal

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

property.’ The Assessing Officer is directed to allow necessary deductions against these incomes as per law, after allowing a reasonable opportunity of being heard to the assessee. 24. In the result, appeal of the assessee for the A.Y. 2004-05 is partly allowed for statistical purposes”. 20. The above said order of the Tribunal

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

property.’ The Assessing Officer is directed to allow necessary deductions against these incomes as per law, after allowing a reasonable opportunity of being heard to the assessee. 24. In the result, appeal of the assessee for the A.Y. 2004-05 is partly allowed for statistical purposes”. 20. The above said order of the Tribunal

DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD.,NEW DELHI vs. ADDL.CIT, SPECIAL RANGE-3, NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

property.’ The Assessing Officer is directed to allow necessary deductions against these incomes as per law, after allowing a reasonable opportunity of being heard to the assessee. 24. In the result, appeal of the assessee for the A.Y. 2004-05 is partly allowed for statistical purposes”. 20. The above said order of the Tribunal

ACIT CIRCLE-54(1), NEW DELHI vs. NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA, NEW DELHI

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

House, Siddhartha Ld. Departmental Representative. Enclave, Ashram Chowk, New SPM Civic Centre, Delhi New Delhi PAN No. AAAAN4629F ( APPELLANT ) ( RESPONDENT ) Assessee by : Sh. Herin Mehta, CA, Sh. Nirbhey Metha, Adv Department by: Ms. Sarita Kumari, CIT DR Date of Hearing 07.06.2023 Date of Pronouncement 09 .08.2023 ORDER PER YOGESH KUMAR U.S., JM These four appeals are filed by the revenue

ACIT CIRCLE-54(1), NEW DELHI vs. NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA, NEW DELHI

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

House, Siddhartha Ld. Departmental Representative. Enclave, Ashram Chowk, New SPM Civic Centre, Delhi New Delhi PAN No. AAAAN4629F ( APPELLANT ) ( RESPONDENT ) Assessee by : Sh. Herin Mehta, CA, Sh. Nirbhey Metha, Adv Department by: Ms. Sarita Kumari, CIT DR Date of Hearing 07.06.2023 Date of Pronouncement 09 .08.2023 ORDER PER YOGESH KUMAR U.S., JM These four appeals are filed by the revenue