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3 results for “depreciation”+ Section 80P(2)(a)clear

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Key Topics

Section 80P(2)(b)9Section 80P(2)(d)9Section 143(3)3Section 142(1)3Deduction3Section 2502Section 1542Penalty2

SURENDRANAGAR DISTRICT CO OP PRODUCERS UNION LIMITED,SURENDRANAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, SURENDRANAGAR CIRCLE

In the result, appeal filed by the assessee is allowed

ITA 429/RJT/2025[2014-15]Status: DisposedITAT Rajkot10 Feb 2026AY 2014-15

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinhaआयकरअपीलसं./Ita No. 429/Rjt/2025 ("नधा"रणवष"/Assessment Year: (2014-15) Surendranagar District Co. Op. Acit, Circle, Producers Union Ltd. Vs. Surendranagar-363035 Plot No.249, Phase 2 Gidc Market Yard Circle, Sursagar Dairy, Wadhwan Road, Surendranagar-363035 (Guj) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaaas8375B (अपीलाथ"/Assessee) (""यथ"/Respondent) Assessee By : Shri Kalpesh Doshi, Ld. Ar Respondent By : Shri Abhimanyu Singh Yadav, Ld. Sr. Dr Date Of Hearing : Heard On 09/10/2025, Refixed For Clarification On 03.11.2025 & Finally Heard On 02.02.2026 : 10/02/2026 Date Of Pronouncement Order Per, Dr. Arjun Lal Saini, A.M.:

For Appellant: Shri Kalpesh Doshi, Ld. ARFor Respondent: Shri Abhimanyu Singh Yadav, Ld. Sr. DR
Section 142(1)Section 143(2)Section 143(3)Section 234ASection 250Section 271(1)(c)
Section 80P(2)(b)
Section 80P(2)(d)

section 80P(2)(b) of the Act. Accordingly we reverse the order of the authorities below. Thus the AO is directed to allow the claim of the assessee as per the provisions of law. Hence the ground of appeal of the assessee is allowed. 10. As the issue is squarely covered in favour of the assessee by the decision

RAJKOT DISTRICT CO-OP. BANKS EMPLOYEES M P CREDIT CO-OP. LTD.,RAJKOT vs. THE DCIT/ACIT CIR 1(1), RAJKOT

In the result, appeal of the assessee is allowed

ITA 885/RJT/2024[2020-21]Status: DisposedITAT Rajkot28 Feb 2025AY 2020-21
Section 142(1)Section 143(3)Section 154Section 80(2)(d)Section 80P(2)(a)Section 80P(2)(d)

section 80P of the Act\nAmt.\nAmt.\n24,42,937.00\nParticulars\nSection 80P(2)(a)(i) - Income received on Loan which has\nbeen given to members of the Co-operative Society \"Shri\nAvadh Nagrik Sarafi Sahkari Mandali Limited\"\nNet Profit during the A.Y.2018-19\n32,76,731.00\nAdd:\nDisallowance as per P&L Account\n10,59,992.00\nVehicle Depreciation

KUTCH DISTRICT CO-OPERATIVE MILK PRODUCERS UNION LTD.,ANJAR - KUTCH vs. THE ASSESSMENT UNIT, INCOME TAX DEPARTMENT, NEW DELHI

ITA 113/RJT/2025[2018-19]Status: DisposedITAT Rajkot08 May 2025AY 2018-19
Section 143(3)Section 250Section 270ASection 80P(2)(d)

Section 80P(2)(a)(i) - Income received on Loan which has\nbeen given to members of the Co-operative Society \"Shri\nAvadh Nagrik Sarafi Sahkari Mandali Limited\"\nAmt.\nAmt.\n24,42,937.00\nNet Profit during the A.Y.2018-19\n32,76,731.00\nAdd:\nDisallowance as per P&L Account\n10,59,992.00\nVehicle Depreciation