WEST CENTRAL RAILWAY EMPLOYEES COOPERATIVE CREDIT SOCIETY LTD.,KOTA vs. ITO, WARD-2(1), KOTA, KOTA

In the results, the appeal of the assessee in ITA no

4) held that assessee\nsociety is not entitled to claim deduction u/s 80P on the quantum of income which\nis not covered u/s 80P(2)(a)(i) of the Act. Accordingly AO disallowed the\ndeduction of interest income of Rs.8,22,174/- claimed u/s 80P of IT Act, 1961.\n4.\nThe Ld. CIT(A), NFAC at Para 6.2 after referring

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

4) had adjudicated the issue before them. We are afraid that the reliance placed by the ld. D.R on the aforesaid order of the Tribunal being distinguishable on facts, thus, would be of no assistance for adjudication of the issue before us. Still further, the reliance placed by the Ld. D.R on the order of the ITAT „SMC" Bench, Mumbai

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

4) had adjudicated the issue before them. We are afraid that the reliance placed by the ld. D.R on the aforesaid order of the Tribunal being distinguishable on facts, thus, would be of no assistance for adjudication of the issue before us. Still further, the reliance placed by the Ld. D.R on the order of the ITAT „SMC" Bench, Mumbai

DCIT, JAIPUR vs. RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD, JAIPUR

In the result the appeal of the revenue in ITA No

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

4) had adjudicated the issue before them. We are afraid that the reliance placed by the ld. D.R on the aforesaid order of the Tribunal being distinguishable on facts, thus, would be of no assistance for adjudication of the issue before us. Still further, the reliance placed by the Ld. D.R on the order of the ITAT „SMC" Bench, Mumbai

ARAVALI BUILDHOMES LLP,JAIPUR vs. AO CPC, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

68 taxmann.com 298 (Kerala), the Kerala High Court held that a return filed by assessee beyond period stipulated under section 139(1) or 139(4) or under section 142(1) or section 148 can also be accepted and acted upon for entertaining claim raised under section 80P

KATRATHAL GRAM SEWA SAHKARI SAMITI LIMITED ,KATRATHAL vs. ITO WARD 1 SIKAR, SIKAR

68 taxmann.com 298 (Kerala), the Kerala High Court held\r\nthat a return filed by assessee beyond period stipulated under section 139(1) or\r\n139(4) or under section 142(1) or section 148 can also be accepted and acted\r\nupon for entertaining claim raised under section 80P

THIKARIYA GRAM SEWA SAHKARI SAMITI LTD ,THIKARIYA vs. AO CPCITO WARD SIKAR, SIKAR

In the result, both the appeals filed by the assessee are allowed

68 taxmann.com 298 (Kerala), the Kerala High Court held that a return filed by assessee beyond period stipulated under section 139(1) or 139(4) or under section 142(1) or section 148 can also be accepted and acted upon for entertaining claim raised under section 80P

RAGHAV KUMAR DHOOT,JAIPUR vs. DCIT CENTRAL CIRCLE 1, JAIPUR

In the result, the appeal filed by the assessee is allowed

4 from\nsection 234A, the Explanation is brought under section 140A of the Act.\nThe substitution of Explanation to section 2348 is also intended to clarify\nthe same position. The impugned amendments are therefore not for the\npurpose of reversing the decision of the Supreme Court as claimed by the\npetitioners, but are intended for the purpose

OM INFRA LIMITED,JAIPUR RAJASTHAN vs. DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR, RAJASTHAN

In the result, we find no substantial question of law being involved in this appeal

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

68,56,040/- as against nil income shown in the return of income. At the time of making assessment, the Assessing Officer allowed deduction under section 80I of the Act on the total income after reducing there from brought forward losses. Deduction under section 80I of the Act was worked out at ` 90,87,694/-. 14 Om Infra

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

68,59,417/-. In\nA.Y. 2016-17, the reasons recorded alleged cash deposits of ₹70,92,789/-, yet in the\nassessment, the AO chose to disallow deduction u/s 80P amounting to ₹14,38,852/-(i.e.\nSurplus declared during the year).\n5.2 These striking discrepancies between the amounts cited in the reasons recorded and\nthe actual figures reflected in the assessee

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

68,59,417/-. In\nA.Y. 2016-17, the reasons recorded alleged cash deposits of ₹70,92,789/-, yet in the\nassessment, the AO chose to disallow deduction u/s 80P amounting to ₹14,38,852/-(i.e.\nSurplus declared during the year).\n5.2 These striking discrepancies between the amounts cited in the reasons recorded and\nthe actual figures reflected in the assessee

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO, WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

68,59,417/-. In\nA.Y. 2016-17, the reasons recorded alleged cash deposits of ₹70,92,789/-, yet in the\nassessment, the AO chose to disallow deduction u/s 80P amounting to ₹14,38,852/-(i.e.\nSurplus declared during the year).\n5.2 These striking discrepancies between the amounts cited in the reasons recorded and\nthe actual figures reflected in the assessee

RMS KARAMCHARI BACHAT AND SAKH SAHAKARI SAMITI LIMITED JAIPUR,JAIPUR vs. ITO WARD-1(2), JAIPUR, JAIPUR

In the result, the appeals of the assessee are allowed

68,59,417/-. In\nA.Y. 2016-17, the reasons recorded alleged cash deposits of ₹70,92,789/-, yet in the\nassessment, the AO chose to disallow deduction u/s 80P amounting to ₹14,38,852/-(i.e.\nSurplus declared during the year).\n\n5.2 These striking discrepancies between the amounts cited in the reasons recorded and\nthe actual figures reflected

M/S RAJASTHAN COOPERATIVE DAIRY FEDERATION LTD.,JAIPUR vs. PCIT, JAIPUR-2, JAIPUR

In the result, the appeal of the assessee is allowed

4,14,68,041/-. The AO vide notice u/s 142(1) dt. 09.10.2017, in Q. No.4 required the assessee to explain allowability of deduction u/s 80P, especially in case of other incomes. In response to same, assessee vide reply dt. 23.10.2017 submitted that deduction of Rs.4,14,68,041/- has been claimed under clause (c) & (d) of sub-section

M/S JAIPUR ZILA DUGDH UTPADAK SAHKARI SANGH LTD.,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6, JAIPUR

In the result, the appeals of the assessee are allowed for A

68,660/-, which was assessed u/s 143(3) at Rs.18,29,43,360/- vide order dated 30.12.2014. In this case, on perusal of case record, it is noted that the assessee has claimed and was allowed deduction of Rs.1,59,92,544/- under section 80P(2)(d) on interest income derived from Jaipur Central Co-operative Bank

NIRMAL KUMAR AGRAWAL,JAIPUR vs. DCIT, CIRCLE - 4 , JAIPUR

In the result, the appeal of the assessee is allowed

4. Aggrieved from the order of the National Faceless Assessment Center, assessee preferred an appeal before the ld. CIT(A). Apropos to the grounds so raised the relevant finding of the ld. CIT(A) is reiterated here in below: 5.2 Having gone through the assessee’s aforesaid application for condonation of delay, I find that there is a delay

RAJASTHAN RAJYA SAHAKARI BHOOMI VIKAS BANK LTD,JAIPUR vs. ACIT/DCIT CIRCLE-6, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

section 271(1)(c) of the IT Act, 1961 being 100% of amount of tax sought to be evaded. 4. Aggrieved by the order of the AO, the assessee preferred appeal before the ld. CIT (A). The ld. CIT (A) upheld the decision of the AO and confirmed the levy of penalty. 5. Aggrieved by the order

KRYA VIKRAYA SAHAKARI SAMITI LIMITED DEOLI,DEOLI TONK vs. ITO TONK, TONK

Appeal of the appellant is dismissed and the order of the AO is confirmed

Bench: Him.

80P of the Income Tax Act, 1961 to extent of Rs. 50000/- only which is unlawful, unjustifiable and against the natural justice hence deserve to be allowed un fill. 4. Commissioner of Income tax, Appeals erred in law and facts of the case in not quashing the tax demand Rs. 3007324/- which is totally wrong without any basis, which