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

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Key Topics

Section 143(3)9Section 80P(2)(d)8Section 1478Section 80P6Section 80P(2)(a)5Deduction4Section 2633Addition to Income2Reopening of Assessment

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

ITA 131/IND/2020[2016-17]Status: DisposedITAT Indore14 Oct 2022AY 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

2
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

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