BLUE ROSE INDUSTRIAL PREMISES CO-OP SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER, WARD - 42(1)(1),, MUMBAI

In the result, the assessee’s appeal ITA NO

Bench: SHRI PRASHANT MAHARISHI (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

property of the society and to raise funds for the management, maintenance and administration of activities from the members of the society. The appellant society filed its return of income for A.Y. 2018- 19 on 30.10.2018 declaring income of Rs. 2,43,620/- after claiming a deduction of Rs. 37,45,701/- u/s. 80P of the Act. Subsequently, the assessee

BLUE ROSE INDUSTRIAL PREMISES CO-OP SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER, WARD - 42(1)(1), MUMBAI, MUMBAI

In the result, the assessee’s appeal ITA NO

Bench: SHRI PRASHANT MAHARISHI (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

property of the society and to raise funds for the management, maintenance and administration of activities from the members of the society. The appellant society filed its return of income for A.Y. 2018- 19 on 30.10.2018 declaring income of Rs. 2,43,620/- after claiming a deduction of Rs. 37,45,701/- u/s. 80P of the Act. Subsequently, the assessee

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

In the result, the assessee‟s appeal ITA NO

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

house property chargeable under section 22. [Explanation. - For the purposes of this section an "urban consumers' co-operative society" means a society for the benefit of the consumers within the limits of a municipal corporation, municipality, municipal committee, notified area committee, town area or cantonment. (3) In a case where the assessee is entitled also to the deduction under section

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

In the result, the assessee‟s appeal ITA NO

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

house property chargeable under section 22. [Explanation. - For the purposes of this section an "urban consumers' co-operative society" means a society for the benefit of the consumers within the limits of a municipal corporation, municipality, municipal committee, notified area committee, town area or cantonment. (3) In a case where the assessee is entitled also to the deduction under section

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

In the result, the assessee‟s appeal ITA NO

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

house property chargeable under section 22. [Explanation. - For the purposes of this section an "urban consumers' co-operative society" means a society for the benefit of the consumers within the limits of a municipal corporation, municipality, municipal committee, notified area committee, town area or cantonment. (3) In a case where the assessee is entitled also to the deduction under section

LAXMI CO-OPERATIVE HOUSING SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER- 22(2)(3), MUMBAI

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

Bench: Shri Amit Shukla & Shri Gagan Goyal & Laxmi Co-Operative Housing Society Ltd. Laxmi Nagar, Khar(W), Mumbai-400 052 Pan: Aaaal1009P ...... Appellant Vs.

house property chargeable under section 22. Explanation. —For the purposes of this section, an "urban consumers' co-operative society" means a society for the benefit of the consumers within the limits of a municipal corporation, municipality, municipal committee, notified area committee, town area or cantonment. (3) In a case where the assessee is entitled also to the deduction under section

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

House Building Societies Ltd Vs. ITO, [1982] 2 ITD 617 (Chd.), after considering the meaning of the word “investment” held that the section 80P(2)(d) of the Act also covers interest income from saving accounts. The relevant findings of the Co-ordinate Bench, in the aforesaid decision, are reproduced as follows: - “4. We have heard the parties

VAIBHAV CO-OPERATIVE CREDIT SOCIETY ,MUMBAI vs. PRINCIPLE CIT-27 , MUMBAI

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

Bench: Shri Amit Shukla & Shri Gagan Goyalvaibhav Co-Operative Credit Society At Post, Ghansoli Thane-Belapur Road Thane- 400 701 Pan:Aaaav3417F ...... Appellant Vs.

80P. (1) Where, in the case of an assessee being a co-operative society, the gross total income includes any income referred to in sub-section (2), there shall be deducted, in accordance with and subject to the provisions of this section, the sums specified in sub-section (2), in computing the total income of the assessee. (2) The sums

PREMIUM TOWER COOP HOUSING SOCIETY LTD,MUMBAI vs. ITO, WARD 24(3(3), MUMBAI

In the result, appeal of the assessee is allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), MS. PADMAVATHY S (Accountant Member)

housing society registered under Maharashtra Co-operative Society Act, 1960. The assessee society collects contribution from its members for payment of property tax. The assessee has made fixed deposits and recurring deposits in various Cooperative banks namely Mumbai District Co-operative Bank, Punjab & Maharashtra Co-operative Bank Ltd, Shamrao Vithal Co-operative Bank Ltd., and Bharat Co- operative Bank

PREMIUM TOWER COOPERATIVE HOUSING SOCIETY LTD,MUMBAI vs. THE COMMISSIONER (APPEALS)OF INCOME TAX, MUMBAI

In the result, appeal of the assessee is allowed

Housing Society Ltd. The society collects contribution from its members for payment of property taxes, water charges and other revenue expenses such as electricity, water, security etc. to maintain society situated at Oshiwara, Andheri (W), Mumbai. It has made fixed deposit with various co-operative banks and has earned interest income on fixed deposits and recurring deposits held with many

RAJMATA JIJABAI CO-OP HSG. SOC. LTD,MUMBAI vs. ITO WD 15(1)(3), MUMBAI

In the result, appeal stands partly allowed

Bench: Shri Saktijit Dey & Shri N.K. Pradhan

section 80P(2)(c) total income was determined at ` 19,92,210. 6 Rajmata Jijabai Co–operative Housing Society Ltd., Being aggrieved of such disallowance, assessee preferred appeal before the learned Commissioner (Appeals). 10. The learned Commissioner (Appeals), after considering the submissions of the assessee held that as far as amount of ` 10,71,400 received from telecom companies

INCOME TAX OFFICER, MUMBAI vs. LARSEN TOUBRO KAMGAR SAHAKARI PATPEDNI MARYDIT, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: SHRI AMIT SHUKLA (Judicial Member), SMT RENU JAUHRI (Accountant Member)

Housing Society Ltd, Tribunal has analysed the judgments of the Hon’ble Karnataka High Court as cited by the department in the grounds of appeal after observing and holding as under:- “4. After hearing both the parties and on perusal of the impugned order, we find that the only issue is with respect of allowability of deduction of Rs.13

WESTERN INDUSTRIAL CO-OPERATIVE ESTATE LIMITED,MUMBAI vs. ACIT, CIRCLE 32(1), MUMBAI

In the result the appeal filed by the assessee in ITA No

section 80-P of the Act on account of storage charges earned by the appellant amounting to Rs.2,16,000/ & Rs.50,000/-.”\n6. Ground no. 1 to 3 relate to confirming the rental income shown by the assessee under the head income from house property as income from other sources.\n7. The Ld.AR at the outset, has submitted that assessee

WESTERN INDUSTRIAL CO-OPERATIVE ESTATE LIMITED,MUMBAI vs. DCIT CIRCLE 32(1), MUMBAI

In the result the appeal filed by the assessee in ITA No

section 80-P of the Act on account of storage charges earned by the appellant amounting to Rs.2,16,000/ & Rs.50,000/-.”\n\n6. Ground no. 1 to 3 relate to confirming the rental income shown by the assessee under the head income from house property as income from other sources.\n\n7. The Ld.AR at the outset, has submitted

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

house property chargeable under Section 22. Explanation. —for the purposes of this section an “urban consumers’ cooperative society” means a society for the benefit of the consumers within the limits of a municipal corporation, municipality, municipal committee, notified area committee, town area or cantonment. (3) In a case where the assessee is entitled also to the deduction under Section

ITO-23.2.1, MUMBAI, MUMBAI vs. MIG CO-OP. HOUSING SOCIETY GROUP II LIMITED , MUMBAI

Bench: Shri Sandeep Singh Karhailshri Girish Agrawalincome Tax Officer, Ward – 23(2)(1) Room No.512, 5Th Floor, Piramal Chambers, Lalbaug, ............... Appellant Mumbai - 400012 V/S Mig Co – Op Housing Society Group Ii Ltd., B-32, Kalpataru Sparkle, Mig Colony, ……………… Respondent Gandhi Nagar, Bandra East, Mumbai - 400051 Pan : Aaaam8129P Assessee By : Shri Yogesh Thar Shri Surajsingh Devda Revenue By : Shri Surendra Mohan, Sr.Dr

house property, that the restriction could be extended to other sub sections of section 80P(2), that there was no bar for claiming

MIDDLE INCOME GROUP CO-OPERATIVE HOUSING SOCIETY LIMITED ,MUMBAI vs. INCOME TAX OFFICER-23(2)(3), MUMBAI

Bench: Shri G.S.Pannu & Shri Pawan Singh

house property, that the restriction could be extended to other sub sections of section 80P(2), that there was no bar for claiming

SAGAR PREMISES CO-OPERATIVE SOCITEY LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CPC BENGALURU INCOME TAX OFFICER -17(3)(1), MUMBAI

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

Bench: Shir Kuldip Singh, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blesagar Premises Co-Operative Society Ltd., V. Income Tax Officer – 17(3)(1) 327, Sagar Premises, Narshi Natha Street Kautilya Bhavan Kharek Bazar, Masjid (W), Mumbai - 400009 Bandra Kurla Complex Bandra(E), Mumbai - 400051 Pan: Aamas0482M (Appellant) (Respondent)

house property chargeable under section 22. Explanation. For the purposes of this section, an "urban consumers' co- operative society" means a society for the benefit of the consumers within the limits of a municipal corporation, municipality, municipal committee, notified area committee, town area or cantonment. (3) In a case where the assessee is entitled also to the deduction under section

JOLLY MAKER 1 PREM CO-OP SOC LTD,MUMBAI CITY vs. ASSISTANT COMMISSIONER OF INCOME TAX 17(2), MUMBAI

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

Bench: Shri Narender Kumar Choudhry & Shri Amarjit Singh

house property and interest income in the hands of the Appellant has attained finality as right person since Asst. Year 2002-03 and subsequent years in view of section 27 (iii) and section 60 in the view of the decisions of the Hon'ble Bombay High Court in the Appellant's own case as under:- Particulars Writ Petition