THE MARKANDEY MAHILA MULTIPURPOSE CO-OP. SOCIETY LTD,BELGAUM vs. ITO, WARD - 1(2), BELGAUM

In the result, appeal of the assessee is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Jamlappa D Battullआयकर अपील सं. / Ita No. 372/Pan/2017 "नधा"रण वष" / Assessment Year : 2012-13 The Markendey Mahila Multipurpose Co-Op Society Ltd.,12, At Post-Kangrail-Khurd, Taluka & Dist. Belgaum. Pan : Aabam5563C .......अपीलाथ" / Appellant बनाम / V/S. The Income Tax Officer, Ward -1(2), Belgaum ……""यथ" / Respondent Assessee By : Shri Pramod Vaidhya, Ar Revenue By : Shri Sourabh Nayak, Sr. Dr

disallowing deduction u/s.80P(2)(d). 2. The learned CIT(A) erred in not appreciating that for the purpose of section 80P(2)(d) a Co-operative bank should be considered as a Co- operative society. 3. Without prejudice to above, the learned CIT(A) erred in not appreciating that the assessee was in the business of providing credit facilities

INCOME TAX OFFICER, WARD -2(2), , BELGAVI vs. SHIVA CREDIT SOUHARDA SAHAKARI NIYAMIT, BELGAVI

Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal

2(24) (viia) by the Finance Act, 2006 with effect from 01.04.2007, includes the profit and gains of any business of banking (including providing credit facilities) carried on by a co-op society with its members. The A.O. further held that deduction under section 80P shall not be available to a Co-operative Bank other than a Primary Agricultural Credit

SHRI DOODHGANGA CREDIT SOUHARD SAHAKARI LIMITED,BORGAON vs. INCOME TAX OFFICER, WARD - 1, NIPANI

In the result, appeal of the assessee is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Jamlappa D Battullआयकर अपील सं. /Ita No.110/Pan/2018 "नधा"रण वष" /Assessment Year : 2012-13 Shri Doodhganga Credit Souharda Sahakari Ltd.; Borgaon, Tal. Chikodi, Dist. Belgaum Pan : Aaaad2210L .......अपीलाथ" / Appellant बनाम / V/S. The Income Tax Officer, Ward-1, Nipani, Karnataka. ……""यथ" / Respondent Assessee By : Shri Pramod Vaidhya, Ar Revenue By : Shri Sourabh Nayak, Sr. Dr सुनवाई क" तार"ख / Date Of Hearing : 25.02.2022 घोषणा क" तार"ख / Date Of Pronouncement : 31.03.2022

disallowing the appellant’s claim u/s.80P(2)(a)(i) of the Income Tax Act, 1961 treating the activity of lending as akin to the banking business even though there is no Banking license from RBI (i) In the High Court of Karnataka (Dharwar Bench) in the case of CIT Vs. Shri GurubasavaPattinSahakari Sang Nyt ITA No.5006/2013 dated

HEBBAL URBAN CREDIT SOUHARDA SAHAKARI NIYAMIT.,BELAGAVI vs. THE INCOME TAX OFFICER WARD-1, GOKAK

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

Bench: Shri Partha Sarathi Chaudhury, Jm

disallowance of the deduction claimed u/s 80P(2)(a)(i) of the Act of Rs. 6,94,510/- on the ground that, the appellant is not co-operative society as per provisions of section 80P(2)(a)(i) of the Act. 5. The ld. CIT(A) failed to appreciate that, as per section 2€ of Karnataka Souharda Sahakari

SHREE GANESH MULTIPURPOSE CO-OPERATIVE SOCIETY LIMITED,BELGAVI vs. INCOME TAX OFFICER, WARD - 1 (3), BELGAVI

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

Bench: Shri Partha Sarathi Chaudhury, Jm

disallowing the assessee’s claim for deduction u/s 80P(2)(a)(i) of the Act. The ld. A.O vide para 17 and 18 held that as per provisions of section 80P(4) r.w.s. sec. 2(24)(viia