THE DCIT, CIR-3(2) GANGTOK, GANGTOK SIKKIM vs. SIKKIM STATE COOPERATIVE SUPPLY AND MARKETING FEDERATION LIMITED , GANGTOK SIKKIM

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

3)(v) of the Act excluding the Co- operative Banks from the definition of "Co- operative Society" by Finance Act, 2015 and requiring them to deduct income tax at source under Section 194A of the Act also makes the legislative intent clear that the Co-operative Banks are not that specie of genus co-operative society, which would be entitled

GANAPATI TECHNOLOGY SERVICES PVT. LTD.,KOLKATA vs. I.T.O., WARD - 6(3), KOLKATA

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 485/Kol/2025 Assessment Year: 2016-2017 Ganapati Technology Services Pvt. Ltd.,…Appellant 6B, Dr. Rajendra Prasad Sarani, Kolkata-700001 [Pan:Aadcg2354D] -Vs.- Income Tax Officer,……………………………..Respondent Ward-6(3), Kolkata, Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069 Appearances By: Shri Sanjeev Kadel, A.R., Appeared On Behalf Of The Assessee Shri Susanta Saha, Sr. D.R., Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: May 21, 2025 Date Of Pronouncing The Order: July 28, 2025 O R D E R

capital gain/ loss on sale of property has been correctly shown in the return of income. In response to notices issued under section 142(1) various compliances were made by the Appellant Company online. It was also submitted before the Assessing Officer that Loan to Awani Projects Infrastructure Ltd was given in Financial Year- 2010-11 and loan