GOLD COIN APARTMENTS CO OPERATIVE HOUSING SOCIETY LTD ,MUMBAI vs. ITO WARD 22(1)(1), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER SHRI OMKARESHWAR CHIDARA (Accountant Member)

disallowance on the contending the Assessee was entitled to claim deduction of INR.3,15,256/- under Section 80P(2)(d) of the Act. 4. We have heard both the sides on the issue and have perused the material on record. 5. The appeal preferred by the Assessee is delayed by 101 days. In the application seeking condonation of delay

PARSI SALSETTE BLDG NO. 1 CHS LIMITED ,MUMBAI vs. INCOME TAX OFFICER 24(3)(1), MUMBAI

Accordingly, Ground No. II raised by the Assessee is allowed and as a result, Ground No

Bench: SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

disallowing the deduction claimed on Interest earned of Rs. 35,27,204/- from cooperative banks u/s 80P(2)(d) of the Act. b) On the facts and circumstances of the case and in law the AO failed to appreciate that i. The assessee is cooperative society eligible to claim deduction u/s 80P(2)(d) of the Act. ii. Denying

EKTA SAHAKARI PATPEDHI MARYADIT,VIRAR vs. INCOME TAX OFFICER, ASSESSMENT UNIT, NEW DELHI

In the result, both the above appeals are allowed

disallowance of deduction under section 80P(2)(d) of the Act in respect of interest income received from the Co-operative Banks. The assessee is a registered Co- operative Housing Society and during the assessment year 2018-19 earned interest income of Rs.50,39,861 from the investments made in various Co-operative Banks.\n9. Before proceeding further

EKTA SAHAKARI PATPEDHI MARYADIT,VIRAR vs. INCOME TAX OFFICER, ASSESSMENT UNIT, NEW DELHI

In the result, both the above appeals are allowed

disallowance of deduction under section 80P(2)(d) of the Act in respect of interest income received from the Co-operative Banks. The assessee is a registered Co- operative Housing Society and during the assessment year 2018-19 earned interest income of Rs.50,39,861 from the investments made in various Co-operative Banks.\n9. Before proceeding further

THE SUVARNA NAGAR CO OPERATIVE HOUSING SOCIETY LTD,MUMBAI vs. ITO, WARD, 34(3), MUMBAI

In the result, the appeal by the assessee is allowed

Bench: Shri Sandeep Singh Karhailshri Girish Agrawalassessment Year : 2019-20

disallowing the deduction of INR 24,19,242 claimed under section 80P(2)(d) of the Act and deduction of INR 50,000 claimed under section 80P(2)(c

ITO-41(2)(2) MUMBAI, MUMBAI vs. JAI BHOLENATH CO OP CREDIT SOCIETY LTD, MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Ms Kavitha Rajagopal, Jm & Ms Padmavathy S, Am

disallowance of deduction under section 80P(2)(d) of the Act in respect of interest income received from the Co-operative Banks. The assessee is a registered Co- operative Housing Society and during the assessment year 2018- 19 earned interest income of Rs. 50,39,861 from the investments made in various Co-operative Banks. 9. Before proceeding further

JEEVAN VIKAS NAGRI SAHAKARI PATPEDHI MARYADIT ,PALGHAR vs. ITO, CIR-4 , THANE

In the result, the appeal of the assessee for AY 2017-18 and AY 2018-19 are allowed

Bench: Ms Kavitha Rajagopal, Jm & Shri Ms Padmavathy S, Am

disallowed the entire claim made by the assessee to the tune of Rs.6,45,32,992 the break up of which is as under – (i) Deduction claimed u/s 80P(2)(a) - Rs. 2,94,38,661/- (ii) Deduction claimed u/s 80P(2)(d) - Rs. 3,50,44,331/- (iii) Deduction claimed u/s.80P(2)(c) – Rs.50

INCOME TAX OFFICER, WARD-4(1), THANE, THANE vs. JEEVAN VIKAS NAGRI SAHAKARI PATPEDI MARYADIT, VASAI

Bench: Ms Kavitha Rajagopal, Jm & Shri Ms Padmavathy S, Am, Ι.Τ.Α. No.918/Mum/2024 (Assessment Year: 2017-18) Jeevan Vikas Nagri Sahakari Patpedhi Maryadit Jeevika, First Floor, Rev. Fr. Raskina Marg, Post-Nirmal, Tal-Vasai, District-Palghar, Maharashtra-401304. Pan : Aacaj1997J Vs. Ito, Circle-4 Ashar It Park, 6Th Floor, A Wing, Road No. 16Z, Thane (W), Maharashtra-400604. Appellant) : Respondent) Ι.Τ.Α. No.2441/Mum/2024 (Assessment Year: 2017-18) Ito, Circle-4 Ashar It Park, 6Th Floor, A Wing, Road No. 16Z, Thane (W), Maharashtra-400604. Vs. Jeevan Vikas Nagri Sahakari Patpedhi Maryadit Jeevika, First Floor, Rev. Fr. Raskina Marg, Post-Nirmal, Tal-Vasai, District-Palghar, Maharashtra-401304. Pan : Aacaj1997J Appellant) : Respondent) Ι.Τ.Α. No.917/Mum/2024 (Assessment Year: 2018-19) Jeevan Vikas Nagri Sahakari Patpedhi Maryadit Jeevika, First Floor, Rev. Fr. Raskina Marg, Post-Nirmal, Tal-Vasai, District-Palghar, Maharashtra-401304. Pan : Aacaj1997J Vs. Asst. Cit, Circle-4 Ashar It Park, 6Th Floor, A Wing, Road No. 16Z, Wagle Estate, Thane (W), Maharashtra- 400604. 2

c) but denied the deduction under section 80P(2)(d) which resulted in addition of Rs.1,63,246 towards income from other sources and Rs. 3,26,68,136 towards income from business. The AO also made an addition under section 69A towards cash deposited during the demonetization period to the tune of Rs.60,61,500/-. 4. Aggrieved the assessee

INCOME TAX OFFICER, WARD 4.1 , THANE, THANE vs. JEEVAN VIKAS NAGRI SAHAKARI PATPEDHI MARYADIT, MARYADT

In the result, the appeal of the assessee for AY 2017-18 and AY 2018-19 are allowed

Bench: Ms Kavitha Rajagopal, Jm & Shri Ms Padmavathy S, Am

disallowed the entire claim made by the assessee to the tune of Rs.6,45,32,992 the break up of which is as under – (i) Deduction claimed u/s 80P(2)(a) - Rs. 2,94,38,661/- (ii) Deduction claimed u/s 80P(2)(d) - Rs. 3,50,44,331/- (iii) Deduction claimed u/s.80P(2)(c) – Rs.50

MUMBAI KAMGAR MADHYAWARTI GRAHAK SAHAKARI SANSTHA MARYADIT,MUMBAI vs. ASST. COMMISSIONER OF INCOME TAX - CIRCLE 20(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

disallowance of claim u/s 80P of the Act claim u/s 80P of the Act amounting to Rs.1,37,38,461/ Rs.1,37,38,461/- include deduction of Rs.1,00,000/ include deduction of Rs.1,00,000/- claimed u/s 80P(2)(c) of the Act claimed u/s 80P(2)(c) of the Act. In the circumstances

MUMBAI KAMGAR MADHYAWARTI GRAHAK SAHAKARI SANSTHA MARYADIT,MUMBAI vs. ASST. COMMISSIONER OF INCOME TAX - CIRCLE 20(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

disallowance of claim u/s 80P of the Act claim u/s 80P of the Act amounting to Rs.1,37,38,461/ Rs.1,37,38,461/- include deduction of Rs.1,00,000/ include deduction of Rs.1,00,000/- claimed u/s 80P(2)(c) of the Act claimed u/s 80P(2)(c) of the Act. In the circumstances

MUMBAI KAMGAR MADHYAWARTI GRAHAK SAHAKARI SANSTHA MARYADIT,MUMBAI vs. ASST. COMMISSIONER OF INCOME TAX - CIRCLE 20(2), MUMBAI

In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for In the result, all the appeals of the assessee are allowed for statisti...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

disallowance of claim u/s 80P of the Act claim u/s 80P of the Act amounting to Rs.1,37,38,461/ Rs.1,37,38,461/- include deduction of Rs.1,00,000/ include deduction of Rs.1,00,000/- claimed u/s 80P(2)(c) of the Act claimed u/s 80P(2)(c) of the Act. In the circumstances

INCOME TAX OFFICER - 25(2)(1) MUMBAI, MUMBAI vs. MUMBAI POSTAL EMPLOYEES CO-OPERATIVE CREDIT SOCIETY LTD, MUMBAI

In the result, the appeal by the Revenue and cross-objection by the assessee are dismissed

Bench: Shri Om Prakash Kant & Shri Sandeep Singh Karhail

disallowed the dividend of Rs.45,37,500 under section 80P(2)(d) of the Act. Mumbai Postal Employees Co-operative Credit Society Ltd. CO. No.57/Mum/2024 5. The learned CIT(A), vide impugned order, accepted the alternative contention of the assessee of claim of deduction under section 80P(2)(d) of the Act in respect of the interest and dividend received

SADHANA SAHAKARI PATPEDHI LIMITED,VASAI, PALGHAR vs. CIT(A), NFAC , DELHI

disallowing deduction claimed u/s 80P(2)(d) of The Income Tax Act, 1961. 2. The Hon'ble CIT-(A), NFAC has also aggrieved your appellant by agreeing with the learned A.O. of not allowing the deductions of Rs. 1,43,20,990/- claimed u/s 80P(2)(a)(i) of Income Tax Act, 1961 by holding the appellant to be debarred

ITO-26(2)(1), MUMBAI, MUMBAI vs. SANGLI VAIBHAV CO OPERATIVE CREDIT SOCIETY LIMITED, MUMBAI

Bench: SHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

disallowing (a) deduction of INR 2,04,65,049/- claimed under Section 80P(2)(d) of the Act; and (b) making addition of INR 1,24,015/- in respect of interest received from nationalized banks. 5. Being aggrieved, the Assessee preferred appeal before the CIT(A) against the Assessment Order, dated 18/12/2019, challenging the above addition/disallowance. The CIT(A) agreed

ITO-26(2)(1), MUMBAI, MUMBAI vs. SANGLI VAIBHAV CO OPERATIVE CREDIT SOCIETY LIMITED, MUMBAI

Bench: SHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

disallowing (a) deduction of INR 2,04,65,049/- claimed under Section 80P(2)(d) of the Act; and (b) making addition of INR 1,24,015/- in respect of interest received from nationalized banks. 5. Being aggrieved, the Assessee preferred appeal before the CIT(A) against the Assessment Order, dated 18/12/2019, challenging the above addition/disallowance. The CIT(A) agreed

ITO-26(2)(1), MUMBAI, MUMBAI vs. SANGLI VAIBHAV CO OPERATIVE CREDIT SOCIETY LIMITED, MUMBAI

Bench: SHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

disallowing (a) deduction of INR 2,04,65,049/- claimed under Section 80P(2)(d) of the Act; and (b) making addition of INR 1,24,015/- in respect of interest received from nationalized banks. 5. Being aggrieved, the Assessee preferred appeal before the CIT(A) against the Assessment Order, dated 18/12/2019, challenging the above addition/disallowance. The CIT(A) agreed

SADHANA SAHAKARI PATPEDHI LIMITED,PALGHAR vs. CIT(A), NFAC, DELHI

disallowing deduction claimed u/s 80P(2)(d) of The Income Tax Act, 1961. 2. The Hon'ble CIT-(A), NFAC has also aggrieved your appellant by agreeing with the learned A.O. of not allowing the deductions of Rs. 1,43,20,990/- claimed u/s 80P(2)(a)(i) of Income Tax Act, 1961 by holding the appellant to be debarred

SANGAM SAHAKARI PATPEDHI MARYADITNAGARI,NAVI MUMBAI, THANE vs. MUMBAI-W-91, VASHI NAVIMUMBAI

In the result, both the appeal of the assessee are allowed

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2015-16 & Assessment Year: 2020-21 Sangam Sahakari Patpedhi Mumbai-W-91, Maryaditnagari, Navi Mumbai, It-Office, Vashi Railway Station Office No. 227, Central Facility Vs. Building Navi Mumbai-400703. Building, 3Rd Floor, Sector-19, Turbhe, Navi Mumbai-400705. Pan No. Aacas 6296 B Appellant Respondent

80P(2)(a)(i), and not on the entitlement of a co 80P(2)(a)(i), and not on the entitlement of a co 80P(2)(a)(i), and not on the entitlement of a cooperative society towards deduction under Sec. 80P(2) (d) on the society towards deduction under Sec. 80P(2) (d) on the society towards deduction under