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

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

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

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

INCOME TAX OFFICER, WARD-2, SANGLI, INCOME TAX DEPARTMENT vs. SHIVPRATAP NAGARI COOPERATIVE CREDIT SOCIETY LIMITED, VITA DIST-SANGLI

In the result, the appeal of the Revenue is dismissed

Bench: Ms. Astha Chandra & Shree G.D. Padmahshali

80P(2)(d), had therein rendered his order as erroneous, insofar it was prejudicial to the interest of the revenue. Accordingly, the Pr.CIT not finding favour with the reply of the assessee, wherein the latter had tried to impress upon him that it was duly eligible for claim of deduction under Sec.80P(2)(d) of the Act, therein “set aside

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

SHRIKRUPA NAGARI SAHAKARI PATHSANSTHA MARYADIT,ALIBAUG vs. INCOME TAX WARD 3 PANVEL, PANVEL

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

Bench: Shri R. K. Panda & Shri S.S. Godaraassessment Year : 2020-21

section 80P(2)(d) of the Act is eligible in respect of Interest received from the Co-Operative Banks. 2 3) The appellant craves leave to add and or alter any of the grounds of appeal before or at the time of hearing. 3. Facts of the case, in brief, are that the assessee is a Co-operative credit society

INCOME TAX OFFICER WARD-2, AHMEDNAGAR., AHMEDNAGAR vs. GORESHWAR GRAMIN BIGAR SHETI SAHAKARI PAT SANSTHA MARYADIT , PARNER, GOREGAON, AHMEDNAGAR, AHMEDNAGAR

In the result, the appeal of the Revenue is dismissed

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

80P(2)(d), had therein rendered his order as erroneous, insofar it was prejudicial to the interest of the revenue. Accordingly, the Pr.CIT not finding favour with the reply of the assessee, wherein the latter had tried to impress upon him that it was duly eligible for claim of deduction under Sec.80P(2)(d) of the Act, therein “set aside

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

80P(2)(d), had therein rendered his order as erroneous, insofar it was prejudicial to the interest of the revenue. Accordingly, the Pr.CIT not finding favour with the reply of the assessee, wherein the latter had tried to impress upon him that it was duly eligible for claim of deduction under Sec.80P(2)(d) of the Act, therein “set aside

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

80P(2)(d), had therein rendered his order as erroneous, insofar it was prejudicial to the interest of the revenue. Accordingly, the Pr.CIT not finding favour with the reply of the assessee, wherein the latter had tried to impress upon him that it was duly eligible for claim of deduction under Sec.80P(2)(d) of the Act, therein

SANGRAM NAGARI SAHAKARI PATHSANSTHA MARYADIT ,AHMEDNAGAR vs. INCOME TAX OFFICER WARD 2, AHMEDNAGAR, AHMEDNAGAR

Appeal is allowed in above terms

Bench: Shri Rama Kanta Panda & Shri Satbeer Singh Godara

80P(2)(d), had therein rendered his order as erroneous, insofar it was prejudicial to the interest of the revenue. Accordingly, the Pr.CIT not finding favour with the reply of the assessee, wherein the latter had tried to impress upon him that it was duly eligible for claim of deduction under Sec.80P(2)(d) of the Act, therein “set aside

KARISHMA CO-OP HOUSING SOCIETY LTD,PUNE vs. PR. COMMISSIONER OF INCOME TAX 2, PUNE

Appeals are allowed in above terms

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकरअपीलसं. / Ita Nos.1 & 2/Pun/2021 िनधा"रणवष" / Assessment Years: 2016-17 & 2017-18 Karishma Co-Op Housing Pr.Commissioner Of Income Society Ltd., Vs Tax-2, Pune. Near Sangam Press, Karve . Road, Kothrud, Pune – 411038. Pan: Aaaak 9772 C Appellant/ Assessee Respondent /Revenue Assessee By Shri Pramod Shingte – Ar Revenue By Shri Sunil Kumar – Cit(Dr) Date Of Hearing 24/06/2022 Date Of Pronouncement 07/07/2022 आदेश/ Order Per S.S.Godara, Jm: These Assessee’S Twin Appeals For The A.Y.2016-17 & 2017- 18 Arise Against The Pr.Cit-2, Pune’S Separate Orders, Passed In Case No.Pn/Pcit-2/263/2020-21/1084, Pn/Pcit-2/263/2020-21/1085, Both Dated 10.12.2020, Respectively, Involving Proceedings Under Section 263 Of The Income Tax Act [In Short “The Act”].

section 80P(2)(d) deduction claim raised on interest income derived from deposits made in co-operative banks, is hardly res- integra as the tribunal’s co-ordinate Bench in ITA No.1249/PUN/2018 Rana SSK Ltd. Vs. PCIT decided on 07.01.2022 has declined Revenue’s identical arguments as follows: “2. Briefly stated, the assessee which is a cooperative society had efiled

KARISHMA CO-OP HOUSING SOCIETY LTD,PUNE vs. PR. COMMISSIONER OF INCOME TAX 2, PUNE

Appeals are allowed in above terms

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकरअपीलसं. / Ita Nos.1 & 2/Pun/2021 िनधा"रणवष" / Assessment Years: 2016-17 & 2017-18 Karishma Co-Op Housing Pr.Commissioner Of Income Society Ltd., Vs Tax-2, Pune. Near Sangam Press, Karve . Road, Kothrud, Pune – 411038. Pan: Aaaak 9772 C Appellant/ Assessee Respondent /Revenue Assessee By Shri Pramod Shingte – Ar Revenue By Shri Sunil Kumar – Cit(Dr) Date Of Hearing 24/06/2022 Date Of Pronouncement 07/07/2022 आदेश/ Order Per S.S.Godara, Jm: These Assessee’S Twin Appeals For The A.Y.2016-17 & 2017- 18 Arise Against The Pr.Cit-2, Pune’S Separate Orders, Passed In Case No.Pn/Pcit-2/263/2020-21/1084, Pn/Pcit-2/263/2020-21/1085, Both Dated 10.12.2020, Respectively, Involving Proceedings Under Section 263 Of The Income Tax Act [In Short “The Act”].

section 80P(2)(d) deduction claim raised on interest income derived from deposits made in co-operative banks, is hardly res- integra as the tribunal’s co-ordinate Bench in ITA No.1249/PUN/2018 Rana SSK Ltd. Vs. PCIT decided on 07.01.2022 has declined Revenue’s identical arguments as follows: “2. Briefly stated, the assessee which is a cooperative society had efiled

SHREE GUDALESHWAR GRAMIN BIGAR SHETI SAH PAT SANSHTA MARYADIT, GUDAL,RADHANAGARI, KOLHAPUR vs. THE INCOME TAX OFFICER, WARD 1 (1), KOLHAPUR, KOLHAPUR

Appeal is allowed in above terms

Bench: Shri Rama Kanta Panda & Shri Satbeer Singh Godara

section 80P(2)(d) in respect of interest received on short term deposit kept with the co-operative bank. The appellant is entitled to deduction u/s.80P(2)(d) in respect of the interest income earned on fixed deposits kept with the co-operative Banks. The appellant prays that the ITO be directed to allow the deduction of Rs.76

SATARA ZILLA GRAMSEVAK SAHAKARI PATPEDHI MARYADIT,SATARA vs. PRINCIPAL COMMISSIONER OF INCOME TAX -3, PUNE

Appeal is allowed in above terms

Bench: Shri S.S.Godara & Shri G.D.Padmahshaliआयकर अपील सं. / Ita No.1446/Pun/2023 िनधा"रण वष" / Assessment Year : 2018-19 Satara Zilla Gramsevak Sahakari The Pcit-3, Pune. Patpedhi Maryadit, Vs 161/B/4, Zilla Gramsevak . Bhavan, Shahunagar, Satara – 415001. Pan: Aacas8773K Appellant / Assessee Respondent / Revenue Assessee By Shri Kishor B Phadke – Ar Revenue By Shri Ajay Kumar Kesari – Dr Date Of Hearing 18/01/2024 Date Of Pronouncement 23/01/2024

80P(2)(d), had therein rendered his order as erroneous, insofar it was prejudicial to the interest of the revenue. Accordingly, the Pr.CIT not finding favour with the reply of the assessee, wherein the latter had tried to impress upon him that it was duly eligible for claim of deduction under Sec.80P(2)(d) of the Act, therein “set aside

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(2)(a)(i) of the Income Tax Act 1961 (Act) without appreciating the fact that the appellant is a registered co-operative society engaged in business of providing

N.D.A. EMPLOYEES CO. OP. CREDIT SOCIETY LIMITEDS,N.D.A. CAMPUS KHADAKWASALA vs. INCOME TAX OFFICER , PMT BUILDING PUNE

Appeal is allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Inturi Rama Rao

80P(2)(d), had therein rendered his order as erroneous, insofar it was prejudicial to the interest of the revenue. Accordingly, the Pr.CIT not finding favour with the reply of the assessee, wherein the latter had tried to impress upon him that it was duly eligible for claim of deduction under Sec.80P(2)(d) of the Act, therein

LAKE TOWN CO-OPERATIVE HOUSING SOCIETY LIMITED,PUNE vs. INCOME TAX OFFICER, WARD-5(2), PUNE, PUNE

Appeal is partly allowed for

Bench: Shri Rama Kanta Panda & Shri Satbeer Singh Godara

80P(2)(d), had therein rendered his order as erroneous, insofar it was prejudicial to the interest of the revenue. Accordingly, the Pr.CIT not finding favour with the reply of the assessee, wherein the latter had tried to impress upon him that it was duly eligible for claim of deduction under Sec.80P(2)(d) of the Act, therein “set aside