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2 results for “house property”+ Section 80P(4)clear

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Key Topics

Section 80P5Section 142(1)3Section 143(2)2Section 148A2Section 1482Section 69A2Deduction2

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

ITA 1142/HYD/2024[2016-17]Status: DisposedITAT Hyderabad04 Mar 2025AY 2016-17

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

For Respondent: Dr. Sachin Kumar, SR-DR
Section 139Section 143(2)Section 147Section 148Section 148A
Section 69A
Section 80P

house property income of Rs.76,938/- is no way related to the business income of the assessee. We also found that the main activity of the assessee is taking of loan and advances from its members and providing loans and advances to its members. Accordingly, the rental income is nowhere related to the business activity of the society. We have

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

ITA 339/HYD/2023[2017-18]Status: DisposedITAT Hyderabad17 Oct 2023AY 2017-18

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

For Appellant: Shri S. Ramarao, AdvocateFor Respondent: Shri Shakeer Ahmed, Sr. A.R
Section 142(1)Section 143(2)Section 143(3)Section 80PSection 80P(2)

house property chargeable under section 22.” 10.2. From the reading of provisions of section 80P of the Act, it is abundantly clear that if the assessee has carried out any of the activities mentioned in sub-section (2) of section 80P, then the gross total income earned from the said activity shall be an allowable deduction. Now the moot question