INDAPUR TALUKA PRATHAMIK SHIKANCHI SAHKARI PATASANSTHA MARYADIT,PUNE vs. INCOME TAX OFFICER WARD 14(5) PUNE, PUNE
In the result, appeal of the assessee is allowed
ITA 1010/PUN/2024[2017-2018]Status: DisposedITAT Pune09 Sept 2024AY 2017-2018
Bench: Ms.Astha Chandra & Dr.Dipak P. Ripoteआयकर अपील सं. / Ita No.1010/Pun/2024 िनधा"रण वष" / Assessment Year: 2017-18 Indapur Taluka Prathamik V The Income Tax Officer, Shikanchi Sahkari S Ward-14(5), Pune. Patasanstha Maryadit, At Post Indiapur, Near Kadam Hospital, Tal Indapur, Dist-Pune. Maharashtra – 413106. Pan: Aaaai1014K Appellant / Assessee Respondent / Revenue Assessee By Shri Pramod S Shingte – Ar Revenue By Shri Ramnath P Murkunde - Dr Date Of Hearing 09/09/2024 Date Of Pronouncement 11/09/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Is Against The Order Of Ld.Commissioner Of Income Tax(Appeal)[Nfac], Under Section 250 Of The Income Tax Act, 1961 Dated 12.03.2024 For The Assessment Year 2017-18. The Assessee Has Raised The Following Grounds Of Appeal : “1. On The Facts & In The Circumstances Of The Case & In Law, Learned Assessing Officer Have Erred In In Rejecting Deduction Under Section 80P(2)(A)(I) For A Sum Of Rs.41,05,813 For Part Of The Profit Of Appellant Society Without Appreciating The Fact That Earning Of Interest Is An Integral Part Of Society’S Business & Appellant Prays For Allowing Such Deduction.
Section 143(3)Section 250Section 263Section 80PSection 80P(2)(a)Section 80P(2)(d)
reassessment proceedings and passed order under section 143(3) r.w.s. 263 r.w.s. 144B dated 14.03.2023 wherein he has assessed the income at Rs.51,73,273
