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2 results for “depreciation”+ Section 80Cclear

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Key Topics

Section 80A(5)5Section 80C5Section 80P4Section 139(1)4Section 1392Deduction2

JAIHIND NAGARI SAHKARI PATSANSTHA MARYADIT,NASHIK vs. INCOME TAX OFFICER, WARD- MALEGAON, NASHIK

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

ITA 135/PUN/2023[2017-18]Status: DisposedITAT Pune04 Jul 2023AY 2017-18

Bench: Shri Inturi Rama Raoआयकर अपील सं. / Ita No.135/Pun/2023 िनधा"रण वष" / Assessment Year : 2017-18 Jaihind Nagari Sahkari Vs. Ito, Ward-1, Malegaon. Patsanstha Maryadit, Main Road, Raunaqabad, Malegaon, Nashik- 423203. Pan : Aaaaj8229M Appellant Respondent Assessee By : Shri Sanket Joshi Revenue By : Shri Rajesh Gawali Date Of Hearing : 20.06.2023 Date Of Pronouncement : 04.07.2023 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of The National Faceless Appeal Centre, Delhi [‘Nfac’] Dated 28.11.2022 For The Assessment Year 2017-18. 2. Briefly, The Facts Of The Case Are That Appellant Is A Co- Operative Society Registered Under The Maharashtra Co-Operative Societies Act, 1960. It Is Engaged In The Business Of Providing Credit Facilities To Its Members & Accepting The Deposits From Its Members. The Return Of Income For The Assessment Year 2017-18

For Appellant: Shri Sanket JoshiFor Respondent: Shri Rajesh Gawali
Section 1Section 139Section 139(1)Section 139(4)Section 142
Section 143(3)
Section 148
Section 80A(5)
Section 80C
Section 80P

80C was amended only with effect from the assessment year 2018-19 providing that for claiming deduction u/s 80P, the return of income should be filed within due date prescribed under the provisions of section 139(1) of the Act. However, the NFAC confirmed the action of the Assessing Officer by holding that the 3 appellant society violated the provisions

TANAJI PARILAL GAWADE,PUNE vs. ITO WARD 12(4) PUNE, PUNE

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

ITA 1589/PUN/2024[2013-14]Status: DisposedITAT Pune10 Feb 2025AY 2013-14

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2013-14

For Appellant: Shri Bharat ShahFor Respondent: Shri Arvind Desai, Addl. CIT-DR
Section 142(1)Section 143(1)Section 143(2)Section 144Section 80C

80C of the Act of Rs.1,50,000/- being interest paid for self occupied property was disallowed by the Assessing Officer. 5. The Assessing Officer further noted from the bank statement of Saraswat Co-operative Bank Ltd., Kharadi Branch, Pune that the assessee has made cash deposit of Rs.113,23,000/- during the relevant assessment year. He therefore, asked