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3 results for “section 68”+ Section 260Aclear

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Key Topics

Section 80P(2)(a)13Section 271A4Section 2632Section 143(3)2Deduction2

INCOME TAX OFFICER, KAKINADA vs. THREE SEASONS WARE HOUSING, RAJESWARI NAGAR

ITA 554/VIZ/2025[2018-19]Status: DisposedITAT Visakhapatnam14 Nov 2025AY 2018-19

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No. 554/Viz/2025 (िनधा"रण वष"/Assessment Year: 2018-19) Income Tax Officer, Vs. Three Seasons Ware Ward-1, Housing, Kakinada. Kakinada. Pan: Aajft4738R (Appellant) (Respondent) C.O. No. 41/Viz/2025 (In आ.अपी.सं /Ita No.554/Viz/2025 (िनधा"रण वष"/Assessment Year: 2018-19) Vs. Income Tax Officer, Three Seasons Ware Ward-1, Housing, Kakinada. Kakinada. Pan: Aajft4738R (Cross Objector) (Respondent) िनधा""रती "ारा/Assessee By: Shri Gvn Hari, Advocate (Hybrid Hearing) राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of Hearing: 11/11/2025 घोषणा की तारीख/Date Of 14/11/2025 Pronouncement: Co No.41/Viz/2025 Ito Vs. Three Seasons Ware Housing

For Appellant: Shri GVN Hari, AdvocateFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 143(2)Section 143(3)Section 260ASection 271ASection 68

260A before the Hon'ble High Court of Andhra Pradesh, Amaravati against the order of the Hon'ble ITAT dated 20.02.2025, and the proceedings are pending, rendering the deletion of penalty premature. 3. The Department craves leave to add or delete or amend or substitute any ground of appeal before and/or at the time of hearing of appeal

THE SRI GOWRI COOPERATIVE SOCIETY,VISAKHAPATNAM vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1,, VISAKHAPATNAM

In the result, appeal filed by the assessee is allowed

ITA 26/VIZ/2018[2012-13]Status: DisposedITAT Visakhapatnam07 Aug 2019AY 2012-13

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Blem/S. The Sri Gowri Vs. Pr.Cit-1, Co-Operative Society, Visakhapatnam. D.No.49-34-32/1, Konathala Complex, Akkayyapalem Main Road, Visakhapatnam. Pan No. Aaaat 8140 M (Appellant) (Respondent)

For Appellant: Shri K.S.S. Sarma – AdvFor Respondent: Shri D.K. Sonawal– CIT DR
Section 263Section 80P(2)(a)

68 (Delhi), that the word "Banking" appearing in section 80P(2)(a)(i) cannot be given an extended and broad meaning and that to do so would be contrary to the ratio laid down in Totgars Co-operative Society. 24. In CIT v. Punjab State Co-operative Agricultural Development Bank Ltd. [2016] 389 ITR 607/76 taxmann.com 307 (Punj

SRI UMA KAMANDALESWARA CO - OPERATIVE RURAL BANK LTD.,ATHREYAPURAM vs. THE ADDL. CIT,, KAKINADA

In the result, appeal filed by the assessee is allowed

ITA 199/VIZ/2017[2008-2009]Status: DisposedITAT Visakhapatnam13 Feb 2019AY 2008-2009

Bench: Shri V. Durga Rao, Hon’Blesri Uma Kamandaleswara Vs. Addl.Cit, Kakinada Co-Op Rural Bank Ltd., Ryali, Range, Kakinada. Athreyapuram Mandalm, East Godavari District. Pan No. Aadas 4663 B (Appellant) (Respondent)

For Appellant: Shri G.V.N. Hari – AdvocateFor Respondent: Shri P.S. Murthy – Sr.DR
Section 80P(2)(a)

68 (Delhi), that the word "Banking" appearing in section 80P(2)(a)(i) cannot be given an extended and broad meaning and that to do so would be contrary to the ratio laid down in Totgars Co-operative Society. 24. In CIT v. Punjab State Co-operative Agricultural Development Bank Ltd. [2016] 389 ITR 607/76 taxmann.com 307 (Punj