INCOME TAX OFFICER WARD-1 PANDHARPUR, INCOME TAX OFFICE PANDHARPUR vs. YASHODA MAHILA NAGARI SAHAKARI PATSANSTHA , MANGALWEDHA DISTRICT SOLAPUR

80P(2)(a)(i) or deduction u/s\n80P(2)(d) of the IT Act was decided in favour of various\ncooperative credit societies. The decisions referred by Ld. AR are\nas follows :-\n1. ANNAPURNA NAGARI SAHKARI PATHSANSHTHA MARYADIT,\nITA No.2741/PUN/2024 dated 24.03.2025.\n2. N Sai Multi State Cooperative Credit Society Ltd, ITA\nNo.1109/PUN/2024 dated 24.09.2024.\n3. Swa Ashokrao Bankar Nagari

HAVELI TALUKA VEEJ KAMGAR SAHAKARI PATHSANSTHA MARYADIT,PUNE vs. INCOME TAX OFFICER WARD 6 (1) PUNE, PMT BUILDING, SWARGATE

In the result, the appeal of the assessee is allowed

section, medical shops, lodging, plying\nand hiring of goods and carriage etc. It was in that background\nof the facts that the Hon'ble High Court held that the assessee\ncould not claim deduction u/s.80P(2)(d) of the Act. When we\nconsider the impact of this decision, it turns out that the same\nis not germane to case under

NASHIK DISTRICT PRIMARY TEACHERS CO-OP CREDIT SOCIETY LTD,NASHIK vs. ITO WARD 1(1), NASHIK

In the result, the appeal of the assessee in ITA No

Bench: Shri R.K. Panda & Ms. Astha Chandra

section 80P(2)(d) is being furtherance of the co-operative movement as a whole. The relevant para 35 is hereby reproduced: "...Eighthly, sub-clause (d) also points in the same direction, in that interest or dividend income derived by a co-operative society from investments with other co-operative societies, are also entitled to deduct the whole of such

NASHIK DISTRICT PRIMARY TEACHERS CO-OP CREDIT SOCIETY LTD,NASHIK vs. ITO WARD 1(1), NASHIK

In the result, the appeal of the assessee in ITA No

section 80P(2)(d) is being furtherance of the co-operative\nmovement as a whole. The relevant para 35 is hereby reproduced:\n\"...Eighthly, sub-clause (d) also points in the same direction, in that interest\nor dividend income derived by a co-operative society from investments with\nother co-operative societies, are also entitled to deduct the whole

CHANDRAPRABHU GRAMIN BIGAR SHETI SAHAKARI PAT SANSTHA,SOLAPUR vs. INCOME TAX OFFICER, WARD-2, PANDHARPUR, PANDHARPUR

In the result, the appeal of the assessee is allowed

Bench: Shri R.K. Panda & Ms. Astha Chandra

condone the delay and proceed to decide the appeal. 3. The assessee has raised the following grounds of appeal :- “1. The Ld. AO has erred in (CIT-A erred in confirming) making the disallowance of claim of Rs.38,19,685/- u/s 80P(2)(a)(i)/80P(2)(d) of the IT Act. 2 ITA No.1858/PUN/2024, AY 2018-19 2

RELIANCE INDUSTRIES EMP CO. OP. CHS,RAIGAD vs. ITO WARD 4, PANVEL

In the result, appeal of the assessee is allowed

Bench: DR.DIPAK P. RIPOTE (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

section 80P(2)(a) of the Act. However, ld.AO denied the exemption. Aggrieved by the same, assessee filed appeal before the ld.CIT(A), which was delayed by 48 days. The Assessee had filed a condonation

MALEGAON MAHANAGAR PALIKA KARMCHARI SAHAKARI PATSANSTHA MARYADIT,PUNE, MAHARASHTRA vs. INCOME TAX OFFICER - 1 MALEGAON, MALEGAON, MAHARASHTRA

In the result, appeal of the assessee is allowed

Bench: MS.ASTHA CHANDRA, JUDICIAL MEMBER AND DR.DIPAK P. RIPOTE (Accountant Member)

section 80P(2)(d) of the Act, therefore, the reasoning given by the lower authorities on this issue cannot be accepted. Therefore, I direct the Assessing Officer to allow deduction u/s 80P(2)(a)(i) and 80P(2)(d) in respect of interest income earned from 7 cooperative bank/scheduled bank. Thus, the ground of appeal filed by the assessee stands

INCOME TAX OFFICER WARD-2 PANDHARPUR, PANDHARPUR vs. MOHOL NAGARI SAHAKARI PATPURVAGHA SANSTHA MARYADIT, MOHOL

In the result, the appeal filed by the Revenue in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

section 80P(2)(a)(i) of the Act.” Unquote. 7. Similar View is taken by ITAT Pune in the case of Sant Motiram Maharaj Sahakari Pat Sanstha Ltd. Vs. ITO 186 ITD 220 (Pune - Trib.) [23-09- 2020]. 8. Thus, the ITAT has repeatedly held that interest earned by Cooperative credit Society from Cooperative bank is eligible for deduction

MOHOL NAGARI SAHAKARI PATPURVATHA SANSTHA MARYADIT,SOLAPUR vs. ITO WARD 2, PANDHARPUR

In the result, the appeal filed by the Revenue in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

section 80P(2)(a)(i) of the Act.” Unquote. 7. Similar View is taken by ITAT Pune in the case of Sant Motiram Maharaj Sahakari Pat Sanstha Ltd. Vs. ITO 186 ITD 220 (Pune - Trib.) [23-09- 2020]. 8. Thus, the ITAT has repeatedly held that interest earned by Cooperative credit Society from Cooperative bank is eligible for deduction

INCOME TAX OFFICER WARD-2 PANDHARPUR, PANDHARPUR vs. MOHOL NAGARI SAHAKARI PATPURAVATHA SANSTHA MARYADIT, MOHOL

In the result, the appeal filed by the Revenue in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

section 80P(2)(a)(i) of the Act.” Unquote. 7. Similar View is taken by ITAT Pune in the case of Sant Motiram Maharaj Sahakari Pat Sanstha Ltd. Vs. ITO 186 ITD 220 (Pune - Trib.) [23-09- 2020]. 8. Thus, the ITAT has repeatedly held that interest earned by Cooperative credit Society from Cooperative bank is eligible for deduction

MOHOL NAGARI SAHAKARI PATPURVATHA SANSTHA MARYADIT,SOLAPUR vs. ITO WARD 2, PANDHARPUR

In the result, the appeal filed by the Revenue in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

section 80P(2)(a)(i) of the Act.” Unquote. 7. Similar View is taken by ITAT Pune in the case of Sant Motiram Maharaj Sahakari Pat Sanstha Ltd. Vs. ITO 186 ITD 220 (Pune - Trib.) [23-09- 2020]. 8. Thus, the ITAT has repeatedly held that interest earned by Cooperative credit Society from Cooperative bank is eligible for deduction

INCOME TAX OFFICER WARD-2 PANDHARPUR, PANDHARPUR vs. MOHOL NAGARI SAHAKARI PATPURAVATHA SASTHA MARYADIT, MOHOL

In the result, the appeal filed by the Revenue in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

section 80P(2)(a)(i) of the Act.” Unquote. 7. Similar View is taken by ITAT Pune in the case of Sant Motiram Maharaj Sahakari Pat Sanstha Ltd. Vs. ITO 186 ITD 220 (Pune - Trib.) [23-09- 2020]. 8. Thus, the ITAT has repeatedly held that interest earned by Cooperative credit Society from Cooperative bank is eligible for deduction

INCOME TAX OFFICER WARD-2 PANDHARPUR, PANDHARPUR vs. MOHOL NAGARI SAHAKARI PATPURVATHA SANSTHA MARYADIT , MOHOL

In the result, the appeal filed by the Revenue in ITA

Bench: Shri Manish Borad & Shri Vinay Bhamoresl.

section 80P(2)(a)(i) of the Act.” Unquote. 7. Similar View is taken by ITAT Pune in the case of Sant Motiram Maharaj Sahakari Pat Sanstha Ltd. Vs. ITO 186 ITD 220 (Pune - Trib.) [23-09- 2020]. 8. Thus, the ITAT has repeatedly held that interest earned by Cooperative credit Society from Cooperative bank is eligible for deduction

MAHARAJA MULTI STATE CO OP. CREDIT SOCIETY LTD,SATARA vs. ITO, WARD 3, SATARA, SATARA

Appeal is allowed in above terms

Bench: Shri Rama Kanta Panda & Shri Satbeer Singh Godara

section 80P(2)(a)(i) of the Act is not allowable if the funds are not invested for business purpose or with a co- operative society in order to further the object of availing such a deduction. Further, in light of the Supreme Court decision which directly concerns the issue at hand, the reliance of the appellant on the decision

LEKHAKOSH KARMACHARI SAHAKARI PATPEDHI SANSTHA MARYADIT,PUNE vs. PR. CIT, PUNE-4, PUNE

In the result, the appeal of the assessee is allowed

Bench: Shri R.K. Panda & Ms. Astha Chandra

condone the delay in filing of the appeal and admit the same for adjudication. 3. The assessee has raised the following grounds of appeal : “1. The learned CIT erred in law and on facts in initiating the proceedings u/s 263 of the IT Act, 1961, without appreciating the fact that the assessment order is not erroneous and prejudicial

INCOME TAX OFFICER , INCOME TAX OFFICE PANDHARPUR vs. DHANSHREE MAHILA GRAMIN BIGARSHETI SAHAKARI PAT SANSTHA LTD, MANGALWEDHA

Appeal is dismissed in above terms

Bench: Shri Satbeer Singh Godara & Shri Inturi Rama Rao

section 80P(2)(a)(i) deduction. We find in this factual backdrop that the instant issue is no more res-integra in the light of Rena Sahakari Sakhar Karkhana Ltd. Vs. PCIT in ITA No. 1249/PUN/2018, dated 07.01.2022 rejecting the Revenue’s contentions as under : “3. After culmination of the assessment proceedings, the Pr. CIT called for the assessment records

SAMARTH NAGARI SHAKARI PATH SANSTHA MARYADIT,PARBHANI vs. INCOME TAX OFFICER, WARD ONE, JALNA

Appeal is allowed in above terms

Bench: Shri Satbeer Singh Godara

condoning the delay. 2. (a) Under the facts and circumstances of the case and in law, the Learned AO has erred in disallowing the deduction of Rs.33,23,274/- under section 80P

THE SATARA DCC BANK STAFF CO-OP CREDIT SOCIETY LTD,SATARA vs. ACIT, SATARA CIRCLE, SATARA, SATARA

In the result, appeal of the assessee is allowed

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.633/Pun/2025 िनधा"रण वष" / Assessment Year: 2018-19 The Satara Dcc Bank Staff V The Asst. Commissioner Co-Op Credit Society Ltd., S. Of Income Tax, Satara S.No.523 A/1, Vijay Circle, Satara. Millenium, Shop No.2, Satara, Maharashtra – 415001. Pan: Aaaat0953G Appellant/ Assessee Respondent / Revenue Assessee By Ms. Renuka Arunrao Ghatge Fca– Ar Revenue By Shri Vinodpawar,Irs – Addl.Cit(Dr) Date Of Hearing 07/05/2025 Date Of Pronouncement 19/05/2025 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Is Against The Order Of Ld.Commssioner Of Income Tax(Appeal)[Nfac] Passed Under Section 250 Of The Act, 1961, For The A.Y.2018-19, Dated 06.02.2025. The Assessee Has Raised The Following Grounds Of Appeal : “1. On The Facts & In The Circumstances Of The Case & In Law, The Id. Nfac-Cit (A), Delhi, Has Erred In Confirming The Action Of Ld. Assessing Officer (A.O.) In Making Addition Of Rs. 93,91,184/- On

section 80P(2)(d) of The Act should be allowed to interest income on investments in co-operative banks. 3. The Id. CIT(A) has erred in law as well as on facts in dismissing the appeal as non-maintainable without condoning the delay