THE TENALI PT EMPLOYEES MUTUALLY AIDED CO OP THRIFT CREDIT SOCIETY LTD,TENALI vs. INCOME TAX OFFICER, WARD-1, TENALI
In the result, appeal of the assessee is allowed for statistical purpose
ITA 361/VIZ/2025[2019-20]Status: DisposedITAT Visakhapatnam28 Aug 2025AY 2019-20
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआईटीए. नं. / Ita No. 361/Viz/2025 (A.Y. 2019-20) The Tenali P & T Employees V. Income Tax Officer - Ward – 1 Mutually Aided Co-Op Thrift & Income Tax Office Credit Society Limited Opp. Sai Baba Temple, Bose Road D.No. 22-5-60, Sarojini Naidu Street Tenali – 522201, Andhra Pradesh Tanali – 522201 Andhra Pradesh [Pan:Aacat9757E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
Section 143(1)Section 80PSection 80P(2)Section 80P(2)(a)Section 80P(2)(d)
2)(d) of the Act towards dividend/interest received from other cooperative societies. In the Intimation passed on 01.05.2020, the deduction towards dividend was allowed but the interest received from members was disallowed. It was mentioned in the Intimation that the deduction u/s 80P shall not be allowed unless the relevant schedules were filled properly. The appellant filled all the schedules
