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4 results for “penalty u/s 271”+ Section 80P(2)(d)clear

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Key Topics

Section 271D7Section 80P5Section 36(1)(viii)4Section 269S4Section 2713Section 2693Deduction3Disallowance3Section 222

VIDHARBHA KONKAN GRAMIN BANK ,NAGPUR vs. INCOME TAX OFFICER WARD 1(5) , NAGPUR

In the result, appeal filed by the assessee for A

ITA 7/NAG/2019[2014-15]Status: DisposedITAT Nagpur28 Nov 2024AY 2014-15

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri C. NareshFor Respondent: Shri Sandipkumar Salunke
Section 22Section 36(1)Section 36(1)(viia)Section 36(1)(viii)Section 80P

d. Youth Development Co-Op. Bank Ltd. v. Asstt. CIT[2015 TaxPub (DT) 3360 (Pune-Trib)] In all the aforesaid decisions, it is decided by the said appellate authorities that the deduction u/s.36(1)(viia) is allowed only to the extent of the provision is made in the books of account. Moreover, the judgments of Sharada Sahakari Bank Ltd., Youth

Section 36(1)2
Penalty2

VIDHARBHA KONKAN GRAMIN BANK ,NAGPUR vs. INCOME TAX OFFICER WARD 1(5) , NAGPUR

In the result, appeal filed by the assessee for A

ITA 8/NAG/2019[2015-2016]Status: DisposedITAT Nagpur28 Nov 2024AY 2015-2016

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri C. NareshFor Respondent: Shri Sandipkumar Salunke
Section 22Section 36(1)Section 36(1)(viia)Section 36(1)(viii)Section 80P

d. Youth Development Co-Op. Bank Ltd. v. Asstt. CIT[2015 TaxPub (DT) 3360 (Pune-Trib)] In all the aforesaid decisions, it is decided by the said appellate authorities that the deduction u/s.36(1)(viia) is allowed only to the extent of the provision is made in the books of account. Moreover, the judgments of Sharada Sahakari Bank Ltd., Youth

ASHA VINOD TATTE,AMRAVATI vs. INCOME TAX OFFICER, WARD-1, AMRAVATI

In the result, appeal filed by the assessee is allowed

ITA 5/NAG/2024[2019-20]Status: DisposedITAT Nagpur01 Oct 2024AY 2019-20

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Kishore P. DewaniFor Respondent: Shri Abhay Y. Marathe
Section 139Section 2(14)Section 269Section 269SSection 271Section 271DSection 273B

u/s 271D is illegal, invalid and bad in law. 7. Any other ground shall be prayed at the time of hearing.‖ 3. The core issue arising out of the aforesaid grounds of appeal relates to levy of penalty of ` 6,51,000, under Section 271-D of the Income Tax Act, 1961 (―the Act‖) for the violation of provisions

PRATHAMIK SHIKSHAK KARMACHARI SAHAKARI PATSANSTHA MARYADIT vs. I.T.O. WARD -2, CHANDRAPUR

In the result, this appeal by the assessee stands allowed

ITA 524/NAG/2016[2009-10]Status: DisposedITAT Nagpur06 Jan 2017AY 2009-10

Bench: Shri Shamim Yahya. (S.M.C.)

For Appellant: NoneFor Respondent: Shri A.R. Ninawe
Section 271(1)(c)Section 4Section 80Section 80PSection 80P(2)(a)

u/s 80P(2)(a)(i) holding that the assessee society was engaged in the business of cooperative 2 ITA No. 524/Nag/2016. banking. While holding so the AO observed as under : “4.5 It is an undeniable fact that the assessee is engaged in the receiving/ giving deposits/loans to its members. Thus the attempt of the assessee to claim deduction under