ANANTAPUR DISTRICT CO-OPERATIVE STAFF CO-OPERATIVE SOCIETY LIMITED,ANANTAPUR vs. ITO., WARD-1, ANANTAPUR

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

Bench: Shri K. Narasimha Chary & Shri Madhusudan Sawdiaआ.आआआ.आआ /Ita No.1142/Hyd/2024 (आआआआआआआआ आआआआ/Assessment Year:2016-17) M/S. Anantapur District Co- Income Tax Officer, Vs. Ward-1, Anantapur. Operative Staff Co-Operative Society Limited, Anantapur. Pan:Aaeaa0133B (Appellant) (Respondent) आआआआआआआआआआ आआआआआआ/Assessee Dr. D. Harish Chandra Rama, Ca By: आआआआआआ आआआआआआ/Revenue By: Dr. Sachin Kumar, Sr-Dr आआआआआआ आआ आआआआआ/Date Of 24/02/2025 Hearing: आआआआआ आआ 04/03/2025 आआआआआ/Pronouncement: आआआआ/Order Per Madhusudan Sawdia, A.M.: This Appeal Is Filed By M/S. Anantapur District Co-Operative Staff Co-Operative Society Limited (“The Assessee”), Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi (“Ld. Cit(A)”), Dated 05.09.2024 For The A.Y. 2016-17. 2. The Facts Of The Case Are That The Assessee Is An Association Of Persons (“Aop”), Not Filed Any Return Of Income (“Roi”) U/S.139 Of The Income Tax Act, 1961 ('The Act'). From The Information

b) of the Income Tax Act, 1961 (“the Act”). Consequently, the Ld. AO after passing an order u/s.148A(d) of the Act issued notice u/s.148 of the Act to the assessee on 21.03.2023. In response to the notice u/s.148 of the Act, the assessee filed its ROI on 19.04.2023 declaring total income at Rs. Nil by claiming deduction u/s.80P

DURGAMATHA HOUSE BUILDING CONSTRUCTION CO OPERATIVE HOUSING SOCIETY LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-11(1), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaassessment Year: 2020-21 Durgamatha House Building Vs. The Income Tax Officer, Ward-11(1), Construction Co-Operative Hyderabad. Housing Society Limited, Hyderabad. Pan : Aacad6852C (Appellant) (Respondent) Assessee By: Shri T. Chaitanya Kumar, Advocate Revenue By: Ms. Kavitha Rani, Sr-Dr Date Of Hearing: 03.12.2024 Date Of Pronouncement: 10.12.2024

B”, HYDERABAD BEFORE SHRI LALIET KUMAR, JUDICIAL MEMBER AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER Assessment Year: 2020-21 Durgamatha House Building Vs. The Income Tax Officer, Ward-11(1), Construction Co-operative Hyderabad. Housing Society Limited, Hyderabad. PAN : AACAD6852C (Appellant) (Respondent) Assessee by: Shri T. Chaitanya Kumar, Advocate Revenue by: Ms. Kavitha Rani, SR-DR Date of hearing: 03.12.2024 Date

CO-OPERATIVE ELECTRIC SUPPLY SOCIETY LTD.,KARIMNAGAR vs. DCIT., CIRCLE-1, KARIMNAGAR

Bench: Us:

disallowed the assessee’s claim for deduction under Section 80P(2)(d) of the Act. Elaborating on his contention, the Ld. AR submitted that, as the assessee society had received interest income on its investments/deposits made/lying with cooperative banks viz., Telangana State Cooperative Apex Bank Limited, (TSCAB) Hyderabad and Karimnagar District Cooperative Central Bank Limited, Karimnagar, therefore, it was duly

CO-OPERATIVE ELECTRIC SUPPLY SOCIETY LTD.,,SIRICILLA vs. DCIT., CIRCLE-1, KARIMNAGAR

Bench: Us:

disallowed the assessee’s claim for deduction under Section 80P(2)(d) of the Act. Elaborating on his contention, the Ld. AR submitted that, as the assessee society had received interest income on its investments/deposits made/lying with cooperative banks viz., Telangana State Cooperative Apex Bank Limited, (TSCAB) Hyderabad and Karimnagar District Cooperative Central Bank Limited, Karimnagar, therefore, it was duly

SANGHI TEXTILES PRIVATE LIMITED,HYDERBAD vs. ITO., WARD-3(1), HYDERABAD

Bench: Us:

disallowance of Rs. 94,55,889/- are upheld and sustained. Accordingly. relevant grounds of appeal are dismissed and not allowed. 6. In result, the present appeal of the appellant is dismissed and not allowed.” 12. The assessee company, being aggrieved with the order of the CIT(A), has carried the matter in appeal before us. 13. We have heard

THE GHATKESAR FARMERS SERVICE COOPERATIVE SOCIETY LIMITED,MEDCHAL vs. ITO., WARD-15(1), HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri K.Narasimha Chary

disallowance. 4. Submission of the learned AR is that the assessee is a Primary Agricultural Cooperative Society as is evident from the registration of the society, funds deposited are the own funds of the assessee, namely, the surplus funds which are not to be utilised in the near future in the nationalised bank and, therefore, such deposit has nexus with

THE INDUR INTIDEEPAM PRODUCERS MA CO-OP SOCIETIES FEDERATION LIMITED,NIZAMABAD vs. ITO WARD-1, NIZAMABAD

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

Bench: Shri R.K. Panda & Shri Laliet Kumar

disallow the deduction claimed by the assessee in return of income which is directly relatable to the insurance activities, as it do not fall under section 80P(2) of the Act i.e., Insurance activities. Accordingly, we remand back the matter to the file of Assessing Officer for the limited purposes of verifying the deduction claimed in return of income

STATE BANK OF INDIA STAFF CO-OPERATIVE CREDIT SOCIETY LTD,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri Inturi Rama Rao & Shri K.Narasimha Chary

disallowed the same by order passed under section 143(3) of the Act on the ground that the assessee is a co-operative bank. Page 2 of 8 4. Aggrieved by the order, the assessee preferred appeal before the learned CIT(A). Learned CIT(A) on reappraisal of the facts found that the assessee is a co-operative society

ACIT., CIRCLE-9(1), HYDERABAD vs. RANGAREDDY DIST JUDL EMPLOYEE MUTUALLY AIDED COOPERATIVE SOCIETY, HYDERABAD

Bench: Us:

B’ Bench, Hyderabad श्री रवीश सूद, माननीय न्याययक सदस्य एवं श्री मिुसूदन सावडिया, माननीय लेखा सदस्य SHRI RAVISH SOOD, HON’BLE JUDICIAL MEMBER AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER आयकरअपीलसं./I.T.A.Nos.1264 and 1269/Hyd/2024 (निर्धारण वर्ा/ Assessment Years : 2017-18 and 2018-19) The Assistant Commissioner of Vs. Rangareddy Dist. Judl. Income Tax, Employee Mutually Aided Circle – 9(1), Hyderabad

UNION BANK OF INDIA (ERSTWHILE-ANDHRA BANK),MUMBAI vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(1), HYDERABAD

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

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

B’ Bench, Hyderabad BEFORE SHRI VIJAY PAL RAO, VICE PRESIDENT AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER आ.अपी.सं /ITA No.193/Hyd/2019 (निर्धारण वर्ा/Assessment Year:2015-16) Union Bank of India (Erstwhile Andhra Bank),Hyderabad. PAN AAACU0564G ……Appellant Vs. Deputy Commissioner of Income Tax, Circle-1(1), Hyderabad. …..Respondent आ.अपी.सं /ITA No.316/Hyd/2019 (निर्धारण वर्ा/Assessment Year

DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(1), HYDERABAD vs. UNION BANK OF INDIA, HYDERABAD

In the result, the appeal of revenue is partly allowed for statistical\npurposes

B’ Bench, Hyderabad\nBEFORE SHRI VIJAY PAL RAO, VICE PRESIDENT AND\nSHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER\nआ.अपी.सं / ITA No.193/Hyd/2019\n(निर्धारण वर्ष/Assessment Year:2015-16)\nUnion Bank of India\n(Erstwhile Andhra Bank), Hyderabad.\nPAN AAACU0564G\n......Appellant\nVs.\n.....Respondent\nDeputy Commissioner of Income Tax,\nCircle-1(1), Hyderabad.\nआ.अपी. सं / ITA No.316/Hyd/2019\n(निर्धारण

THE ANDHRA PRADESH STATE COOPERATIVE BANK LIMITED,HYDERABAD vs. ASST.COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

80P;] ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 20 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) (2) In making any deduction for a bad debt or part thereof, the following provisions shall apply— [(i) no such deduction shall be allowed unless such debt or part thereof has been taken into account in computing the income of the assessee of the previous year

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

80P;] ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 20 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) (2) In making any deduction for a bad debt or part thereof, the following provisions shall apply— [(i) no such deduction shall be allowed unless such debt or part thereof has been taken into account in computing the income of the assessee of the previous year

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

80P;] ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 20 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) (2) In making any deduction for a bad debt or part thereof, the following provisions shall apply— [(i) no such deduction shall be allowed unless such debt or part thereof has been taken into account in computing the income of the assessee of the previous year

THE ANDHRA PRADESH STATE CO OPERATIVE BANK LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

80P;] ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 20 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) (2) In making any deduction for a bad debt or part thereof, the following provisions shall apply— [(i) no such deduction shall be allowed unless such debt or part thereof has been taken into account in computing the income of the assessee of the previous year

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

80P;] ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 20 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) (2) In making any deduction for a bad debt or part thereof, the following provisions shall apply— [(i) no such deduction shall be allowed unless such debt or part thereof has been taken into account in computing the income of the assessee of the previous year

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

80P;] ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 20 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) (2) In making any deduction for a bad debt or part thereof, the following provisions shall apply— [(i) no such deduction shall be allowed unless such debt or part thereof has been taken into account in computing the income of the assessee of the previous year

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

80P;] ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 20 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) (2) In making any deduction for a bad debt or part thereof, the following provisions shall apply— [(i) no such deduction shall be allowed unless such debt or part thereof has been taken into account in computing the income of the assessee of the previous year