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2 results for “section 68”+ Section 80Aclear

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Key Topics

Section 80P12Section 1447Section 142(1)5Section 80P(2)(a)4Section 139(1)3Section 80A(5)3Section 139(4)2Section 1392Deduction2

NARASIMHA RAO PALEM PRIMARY AGRICULTURAL CREDIT SOCIETY LTD,KRISHNA DIST vs. INCOME TAX OFFICER, WARD-3(3), VIJAYAWADA

In the result, appeal filed by the assessee is dismissed

ITA 211/VIZ/2023[2017-18]Status: DisposedITAT Visakhapatnam20 May 2025AY 2017-18

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.211/Viz/2023 (धनिाारण िर्ा / Assessment Year : 2017-18) The Narasimha Rao Palem Vs. Income Tax Officer, Primary Agricultural Credit Ward-3(3), Society Limited, Vijayawada. Krishna District – 521214. Pan: Aacat7998M (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलार्थी की ओर से/ Assessee By : Shri C. Subrahmanyam, Ca प्रत्यार्थी की ओर से / Revenue By : Dr. Aparna Villuri, Sr. Ar सुनिाई की तारीख / Date Of Hearing : 07/05/2025 घोर्णा की तारीख/Date Of : 20/05/2025 Pronouncement O R D E R

For Appellant: Shri C. Subrahmanyam, CAFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 139(1)Section 139(4)Section 142(1)Section 144Section 250oSection 69ASection 80A(5)
Addition to Income2
Section 80P
Section 80P(2)(a)

80A(5) of the Act are clearly applicable and the assessee failed to make a claim of deduction U/s. 80P(2)(a)(i) of the Act in a valid return of income, the net profit shown in the P & L Account of Rs. 21,10,281 is computed as income assessee and accordingly made addition. The Ld. AO also made

THE VATSAVAI PRIMARY AGRICULTURAL COOPERATIVE CREDIT SOCIETY LIMITED,VATSAVAI vs. INCOME TAX OFFICER, WARD 1(3), VIJAYAWADA

In the result, appeal of the assessee is dismissed

ITA 220/VIZ/2021[2017-18]Status: DisposedITAT Visakhapatnam23 Aug 2022AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: Sri C. Subrahmanyam, CAFor Respondent: Sri ON Hari Prasadarao, Sr. AR
Section 139Section 139(1)Section 139(4)Section 144Section 154Section 80ASection 80A(5)Section 80PSection 80P(2)(a)

80A(5) cannot be applied in the instant case due to the fact that it does not mention within which period the return should be filed. The Ld.AR further submitted that section 80AC(ii) which was inserted wef 1/4/2018 specifies that “any Deductionis admissible under any provisions of this Chapter under heading “C-deductions in respect of certain incomes