TELCO CO-OPERATIVE SOCIETY LTD ,JAMSHEDPUR vs. AYKAR ADHIKARI WARD-3(2), JAMSHEDPUR
In the result, appeal of the assessee is partly allowed
ITA 345/RAN/2017[14-15]Status: DisposedITAT Ranchi12 Jul 2022
Bench: Shri Rajpal Yadav & Shri Manish Boradi.T.A. No. 345/Ran/2017 Assessment Year: 2014-15 Telco Co-Operative Society Ltd. Income Tax Officer, Ward-3(2), Telco Works, Telco Vs Jamshedpur Jamshedpur - 831001 Pan: Aaaat9667K अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Deepak Kumar Sharma, C.A. Revenue By : Shri N.K. Khalkho, Sr. D/R सुनवाई क" तारीख/Date Of Hearing : 10/05/2022 घोषणा क" तारीख /Date Of Pronouncement : 12/07/2022 आदेश/O R D E R Per Rajpal Yadav: The Present Appeal Is Directed At The Instance Of The Assessee Against The Order Of The Learned Commissioner Of Income Tax (Appeals) – Jamshedpur, Dated 12/09/2017, Passed Under Section 250 Of The Income Tax Act, 1961 (In Short “The Act”), For Assessment Year 2014-15. 2. The Assessee Has Taken Five Grounds Of Appeal Out Of Which Ground Nos. 1, 4 & 5 Are General In Nature On Which No Arguments Were Advanced. Therefore, These Grounds Are Rejected As Such.
For Appellant: Shri Deepak Kumar Sharma, C.AFor Respondent: Shri N.K. Khalkho, Sr. D/R
Section 250Section 80P(2)(d)
1) Where, in the case of an assessee being a co-operative society, the gross total income includes any income referred to in sub-section (2), there shall be deducted, in accordance with and subject to the provisions of this section, the sums specified in sub-section (2), in computing the total income of the assessee.
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(d) in respect