MAHAVEER CO-OPERATIVE CREDIT SOCIETY LIMITED,ALAGUR, BAGALKOT vs. INCOME TAX OFFICER, WARD - 2, BAGALKOT

In the result, the appeal filed by the assessee stands partly allowed for statistical purposes

Bench: Shri Inturi Rama Raoआयकर अपील सं. / Ita No.09/Pan/2019 िनधा"रण वष" / Assessment Year: 2012-13 Mahaveer Co-Operative Vs. Ito, Ward-2, Bagalkot. Credit Society Limited, Post : Alagur, Taluka : Jamakhandi, Dist. Bagalkot- 587301. Pan : Aabam6275F Appellant Respondent Assessee By : Shri Pramod Y. Vaidya Revenue By : Shri N. Shrikanth Date Of Hearing : 09.11.2022 Date Of Pronouncement : 10.11.2022 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals), Hubballi [‘The Cit(A)’] Dated 26.11.2018 For The Assessment Year 2012-13. 2. The Appellant Raised The Following Grounds Of Appeal :- “1. On The Facts & Circumstances Of The Case & In Law The Learned Cit(A) Erred In Disallowing The Deduction U/S 80P(2)(A)(I) Of The Act, In Respect Of Income Earned From Associate Members/ Nominal Members. The Cit(A) Erred In Not Appreciating That — I) The Citizen’S Case Is Distinguishable On Facts As In The Present Case The Dealings Are With Members & There Are No Dealings With Public At Large.

1. On the facts and circumstances of the case and in law the learned CIT(A) erred in disallowing the deduction u/s 80P(2)(a)(i) of the Act, in respect of income earned from Associate members/ Nominal members. The CIT(A) erred in not appreciating that — i) the Citizen’s case is distinguishable on facts as in the present