MAKER TOWER F PREMISES CO-OP SOC. LTD.,MUMBAI vs. ASSISTANT DIRECTOR OF INCOME TAX - CPC, BENGALURU

In the result, the appeal by the assessee is allowed

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

TDS to be deducted at the time of payment/credit of interest to the account of the payee, provided other conditions as laid down in the section are satisfied. Therefore, we are of the considered view that the assessee is also entitled to claim deduction under section 80P

M/S RENUKAMATA MULTI STATE CO-OP. URBAN CREDITN SOC. LTD.,MUMBAI vs. THE ASSTT. CIT, CC-4(4), MUMBAI

In the result, the appeal by the assessee is partly allowed, while the\nappeal by the Revenue is dismissed

80P(4) of the Act. Further,\nNBFC shall have the meaning as assigned to it in section 45-I(f) of the Reserve\nBank of India Act, 1935.\n25. On the other hand, it is undisputed that the assessee is a co-operative\ncredit society and is a registered Multi-State Co-operative Urban Credit Society\nestablished under the Multi

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

80P(4) of the Act. Further,\nNBFC shall have the meaning as assigned to it in section 45-I(f) of the Reserve\nBank of India Act, 1935.\n25. On the other hand, it is undisputed that the assessee is a co-operative\ncredit society and is a registered Multi-State Co-operative Urban Credit Society\nestablished under the Multi

SHRI RENUKAMATA MULTI-STATE CO-OPERATIVE URBAN SOCIETY LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(4), MUMBAI

80P(4) of the Act. Further,\nNBFC shall have the meaning as assigned to it in section 45-I(f) of the Reserve\nBank of India Act, 1935.\n25. On the other hand, it is undisputed that the assessee is a co-operative\ncredit society and is a registered Multi-State Co-operative Urban Credit Society\nestablished under the Multi

M/S RENUKAMATA MULTI STATE CO-OP. URBAN CREDITN SOC. LTD.,MUMBAI vs. THE ASSTT. CIT, CC-4(4), MUMBAI

80P(4) of the Act. Further,\nNBFC shall have the meaning as assigned to it in section 45-I(f) of the Reserve\nBank of India Act, 1935.\n\n25. On the other hand, it is undisputed that the assessee is a co-operative\ncredit society and is a registered Multi-State Co-operative Urban Credit Society\nestablished under

PREMIUM TOWER CO OPERATIVE HOUSING SOCIETY,MUMBAI vs. ITO WARD 24(3)(1), MUMBAI

In the result, the appeal filed by the assessee stands partly allowed

Bench: Shri Sandeep Gosain

section 80P(2)(d) would not apply on the facts of that case. However, as noted above in one of the judgment, the Hon’ble Karnataka High Court has held the same issue in favour of the assessee. 11. Therefore, following the judgment of Hon’ble Karnataka High Court in the case of Totagars Cooperative Sale Society

MARIGOLD MERIDIAN CO-OPERATIVE HOUSING SOCIETY LTD,MUMBAI vs. ITO WARD, MUMBAI

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Shri Rahul Chaudhary & Shri Bijayananda Pruseth

80P(2)(d) is a debatable and adjudicatory issue, which cannot be adjusted in an intimation under Section 143(1). 8. Failure to Consider Disclosures and Supporting Evidence The CIT(A) erred by failing to appreciate that the assessee had duly disclosed the interest income, TDS

MARIGOLD MERIDIAN CO-OPERATIVE HOUSING SOCIETY LTD,MUMBAI vs. ITO WARD-41(2)(3), MUMBAI

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Shri Rahul Chaudhary & Shri Bijayananda Pruseth

80P(2)(d) is a debatable and adjudicatory issue, which cannot be adjusted in an intimation under Section 143(1). 8. Failure to Consider Disclosures and Supporting Evidence The CIT(A) erred by failing to appreciate that the assessee had duly disclosed the interest income, TDS

MARIGOLD MERIDIAN CO-OPERATIVE HOUSING SOCIETY LTD,MUMBAI vs. ITO WARD-41(2)(3), MUMBAI

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Shri Rahul Chaudhary & Shri Bijayananda Pruseth

80P(2)(d) is a debatable and adjudicatory issue, which cannot be adjusted in an intimation under Section 143(1). 8. Failure to Consider Disclosures and Supporting Evidence The CIT(A) erred by failing to appreciate that the assessee had duly disclosed the interest income, TDS

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

80P(4) of the Act. Further, NBFC shall have the meaning as assigned to it in section 45-I(f) of the Reserve Bank of India Act, 1935. 25. On the other hand, it is undisputed that the assessee is a co-operative credit society and is a registered Multi-State Co-operative Urban Credit Society established under the Multi

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

80P(4) of the Act. Further, NBFC shall have the meaning as assigned to it in section 45-I(f) of the Reserve Bank of India Act, 1935. 25. On the other hand, it is undisputed that the assessee is a co-operative credit society and is a registered Multi-State Co-operative Urban Credit Society established under the Multi

CIDCO EMPLOYEES CO-OP. CREDIT SOCIETY LTD,NAVI MUMBAI vs. WARD 28(1)(3), NAVI MUMBAI

In the result, appeal of the assessee is allowed for statistical purposes

Bench: Shri Anikesh Banerjee & Shri Gagan Goyalcidco Employees Co-Op. Credit Society, Ground Floor, Cidco Bhavan, Cbd Belapur, Navi Mumbai – 400 614 Pan:Aaaac2203N ..... Appellant Vs. Ito Ward 28(1) (3)/ Nfac Delhi ..... Respondent

section 80P. Resultantly the deduction claims of the Assessee for Rs. 60, 61,597/- was denied and added back to the Assessee’s taxable income. ii) The Ld. Assessing Officer on the issue of payment on account of professional fees of Rs. 59,200/- claimed by the Assessee in the P&L Account held that since the Assessee

PALM COURT M PREMISES CO OPERATIVE SOCIETY LTD. ,MUMBAI vs. PR. CIT - 30, MUMBAI

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

Bench: Shri Amarjit Singh () & Smt. Kavitha Rajagopal ()

section 80P(2)(d) and on TDS payments and thereby to frame the assessment de novo in accordance with law. Aggrieved

CITIZENCREDIT CO OPERATIVE BANK LIMITED (AMBOLI BRANCH),MUMBAI vs. ITO(TDS) 1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

TDS.", "result": "Dismissed", "sections": ["Section 194A", "Section 201(1)", "Section 201(1A)", "Section 80P(2)(d)", "Section 271C", "Section 139"], "issues

CITIZENCREDIT CO OPERATIVE BANK LIMITED ,(CHEMBUR BRANCH),MUMBAI vs. ITO (TDS)1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

TDS on interest payments exceeding Rs.10,000/-.", "result": "Dismissed", "sections": ["Section 194A", "Section 201", "Section 250", "Section 80P(2)(d)", "Section

ACIT 23(3), MUMBAI vs. M/S THE SALSETTE CATHOLIC CO-OP. HOUSING LTD., MUMBAI

In the result, Revenue’s appeal is for the A

Bench: Shri Mahavir Singh & Shri S. Rifaur Rahman

TDS. The Assessing Officer vide his letter dated 2nd March 2016, sought explanation from the assessee as to why the deduction claimed should not be disallowed and added back to the total income in view of the provisions of section 80P

CITIZENCREDIT CO OPERATIVE BANK LIMITED (BYCULLA BRANCH),MUMBAI vs. ITO (TDS)-1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

TDS.", "result": "Dismissed", "sections": [ "Section 194A(1)", "Section 194A(3)(i)(b)", "Section 194A(3)(v)", "Section 194A(3)(viia)(b)", "Section 201(1)", "Section 201(1A)", "Section 271C", "Section 80P

CITIZENCREDIT CO OPERATIVE BANK LIMITED (KULA BRANCH),MUMBAI vs. ITO (TDS) WARD 1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

TDS.", "result": "Dismissed", "sections": [ "Section 194A", "Section 250", "Section 201(1)", "Section 201(1A)", "Section 194A(3)(v)", "Section 194A(3)(i)(b)", "Section 194A(3)(viia)(b)", "Section 80P