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

DHANVARSHA NAGARI SAHAKARI PATSANSTHA LIMITED,NAVI MUMBAI vs. ITO WARD 28(1)(3), NAVI MUMBAI

Section 143(3) of the Income Tax Act, 1961 (hereinafter referred to as `the Act'). 3. There was delay of 22 days in filing the appeal on account of medical issues faced by the chairman of the Appellant/Co- operative Society. Copy of medical reports were placed on record along with affidavit filed with application seeking condonation of delay

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

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

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

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

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

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

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

MHATRE PALACE CHSL,BORIVALI WEST vs. INCOME TAX OFFICER 42 1 3 MUMBAI, MUMBAI

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

Bench: SHRI. NARENDRA KUMAR BILLAIYA (Accountant Member), MS. KAVITHA RAJAGOPAL (Judicial Member)

TDS. It further held 4 Mhatre Palace CHSL that mere exclusion of Section 80P to co-operative banks by Section

JAI BHAVANI RETI UTPADAK SAHAKARI SANSTHA LTD,VIRAR vs. THANE 4(1), ASHAR IT PARK THANE

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

Bench: Shri Pawan Singh(Physical Hearing) Jai Bhavani Reti Utpadak Sahakari Ito,Ward-4(1), Thane Sanstha Ltd. Vs Ashar It Park, Thane, At Naringi Post Virar, Vasai-Virar, Maharashtra – 400602. Maharashtra – 401201. [Pan No. Aaatj6207E] Appellant / Assessee Respondent / Revenue

section 80P and not allowing credit of TDS shown in form 26AS. At the time of hearing, the ld. AR of the assessee

THE PANCHRATNA CO OPERATIVE HOUSING SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER -19(3)(1), MUMBAI

In the result, the appeal of the assessee bearing ITA No

Bench: Shri Vikram Singh Yadav & Shri Anikesh Banerjee

section 80P(2)(d), the interest income derived from its investments with any other co-operative societies is eligible for deduction. In the Instant case, the interest income has been derived from investments made in Co-operative Banks which does not fall under purview of Co- operative Society. Further, Interest income received from Nationalised Bank was also not eligible

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

Bench: Shri Narender Kumar Choudhry & Shri Bijayananda Pruseth

section 80P(2)(d) of the Act. The assessee had not deducted TDS u/s 194A of the Act on the interest

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

Bench: Shri Narender Kumar Choudhry & Shri Bijayananda Pruseth

section 80P(2)(d) of the Act. The assessee had not deducted TDS u/s 194A of the Act on the interest