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8 results for “capital gains”+ Section 80P(2)(b)clear

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Key Topics

Section 80P(2)(a)14Section 143(3)12Section 80P11Section 36(1)(viia)9Section 80P(2)(d)8Section 1478Deduction7Section 36(1)(viii)5Addition to Income

M/S NANDA NAGAR SAHKARI SAKH SANTHA,INDORE vs. THE ITO 3(3), INDORE

In the result, the appeal filed by the assessee is

ITA 1054/IND/2016[2006-07]Status: DisposedITAT Indore03 Aug 2018AY 2006-07

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2006-07 M/S Nanda Nagar Ito-3(3) Sahkari Sakh Sanstha Range-3 बनाम/ C/O M. Mehta & Co., Indore Vs. 11/5, South Tukoganj, Indore (Appellant) (Revenue ) P.A. No.Aaaan1784B

Section 143(3)Section 6Section 80P(2)(a)

capital of the appellant nor would they cease to form part of its banking business. The returns flowing from them would form part of its profits from its 8 Nanda Nagar Sahkari Sanstha business. In a commercial sense the directors of the company owe it to the bank to make investments which earn them interest instead of letting moneys

SIDDHLAXMI SAKH SAHAKARITA MY,,INDORE vs. ITO (EXEMPTION) W,INDORE, INDORE

ITA 131/IND/2020[2016-17]Status: Disposed
5
Disallowance4
Section 2633
Exemption2
ITAT Indore
14 Oct 2022
AY 2016-17

Bench: Ms. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri Jai Kumar Jain, A.RFor Respondent: Shri Ashish Porwal, Sr.D.R
Section 143(3)Section 80PSection 80P(2)(a)

capital, if not immediately required to be lent to the members, the society cannot keep the said amount idle. If they deposit this amount in bank so as to earn interest, the said interest income is attributable to the profits and gains of the business of providing credit facilities to its members only. The society is not carrying

M. P POLICE SAKH SAHKARI SANSTHA MARYADIT UJJAIN,UJJAIN vs. INCOME TAX OFFICER -2(1), UJJAIN

In the result appeal of the assessee is dismissed

ITA 192/IND/2024[2020-21]Status: DisposedITAT Indore28 Feb 2025AY 2020-21

Bench: Shri Manish Boradm.P. Police Sakh Sahakari Ito 2(1), Sanstha Maryadit, Ujjain 32Nd Battalion, Vs. Dewas Road Nagari, Ujjain (Appellant / Assessee) (Respondent/ Revenue) Pan: Aabam5551C Assessee By Shri Milind Wadhwani, Ar Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 27.02.2025 Date Of Pronouncement 28.02.2025 O R D E R

Section 143(3)Section 80P

b. Disallowance of deduction may be deleted. c. Quash the order dated 23.09.22 passed u/s 143(3) rws 144B of the act. d. Allow the claim of the appellant.” 3. The assessee has raised as many as 15 grounds of appeal which are repetitive in nature and not inconsonance with the Income Tax Tribunal Rules. However the sole grievance

M/S M.P. STATE COOPERATIVE HOUSING FEDERATION SOCIETY,BHOPAL vs. THE ACIT 1(1), BHOPAL

In the result, the appeal of the revenue and the appeal of the assessee fail and are dismissed

ITA 1051/IND/2016[2013-14]Status: DisposedITAT Indore27 Mar 2017AY 2013-14

Bench: Shri C.M. Garg & Shri O.P. Meena

Section 143(3)Section 80PSection 80P(2)(a)

80P(2) of the Income tax Act. The assessee carriedthe matter in appeal before the CIT(A). The CIT(A) following the decision of the ITAT in assessee’s own case for the assessment year 2003-04, held that the assessee isentitled to deduction u/s.80P on interest income received by it from banks other than co-operative bank. The Assessing

SEWA SAHKARI SAMMITTEE MARYADIT,BEED, MUNDI KHANDWA vs. PCIT-1, INDORE

In the result, appeal by the assesse is allowed

ITA 44/IND/2022[2016-17]Status: DisposedITAT Indore30 Oct 2023AY 2016-17

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanisewa Sahkari Sammittee Pr. Cit-2 Maryadit Beed Indore Vs. Beed Mundi Khandwa (Appellant / Assessee) (Revenue) Pan: Aaufs0703N Assessee By Shri Gagan Tiwari, Ar Revenue By Ms. Simran Bhullar, Cit-Dr Date Of Hearing 05.10.2023 Date Of Pronouncement 30.10.2023

Section 12ASection 138Section 143(3)Section 263

80P is allowed and return income of the assessee society is accepted. Total income Assessed u/s 143(3) of Income Tax Act, 1961 = Rs. - Nil- . 12. It is manifest from the record as well as voluminous documents filed by the assesse before the AO that it is not a case of complete lack of inquiry on the part

INCOME TAX OFFICER, UJJAIN vs. M.P. POLICE SAKH SHAKARI SANSTHA MARYADIT, UJJAIN

In the result, the appeals of the revenue are dismissed

ITA 174/IND/2024[2015-16]Status: DisposedITAT Indore12 Jul 2024AY 2015-16

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

Section 143(3)Section 147Section 80P(2)(a)Section 80P(2)(d)

Gains of Business and Profession” and therefore, is eligible for claiming deduction u/s 80P(2)(a)(i) of the Act. The Board has decided that no appeal may be filed on this ground by the officers of the Department and the appeals already filed, if any, on this ground before the Courts/Tribunal may be withdrawn/nor pressed upon. Thus

INCOME TAX OFFICER, UJJAIN vs. M.P. POLICE SAKH SAHAKARI SANSTHA MARYADIT, UJJAIN

In the result, the appeals of the revenue are dismissed

ITA 173/IND/2024[2014-15]Status: DisposedITAT Indore12 Jul 2024AY 2014-15

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

Section 143(3)Section 147Section 80P(2)(a)Section 80P(2)(d)

Gains of Business and Profession” and therefore, is eligible for claiming deduction u/s 80P(2)(a)(i) of the Act. The Board has decided that no appeal may be filed on this ground by the officers of the Department and the appeals already filed, if any, on this ground before the Courts/Tribunal may be withdrawn/nor pressed upon. Thus

M/S JILA SAHAKARI KENDRIYA BANK MARYADIT,MANDSAUR vs. THE DCIT, RATLAM

In the result Ground No.1 & 2 raised by the

ITA 386/IND/2017[2012-13]Status: DisposedITAT Indore17 Aug 2018AY 2012-13

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2012-13 Jila Sahakari Kendriya Dcit, Ratlam Bank Maryadit, Vs. Mhow-Neemuch Road, Mandsaur (M.P) (Appellant) (Respondent ) Pan No.Aaatj2383F Revenue By Shri Lalchand, Cit Assessee By Shri S.S. Deshpande,Ca Date Of Hearing 25.7.2018 Date Of 17.8.2018 Pronouncement

Section 143(3)Section 36(1)(viia)Section 36(1)(viii)

80P; 7[(vii) "non-banking financial company" shall have the meaning assigned to it in clause (f) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934);] Section 36(1)(viii) in respect of any special reserve created and maintained by a specified entity, an amount not exceeding twenty per cent of the profits derived