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3 results for “section 68”+ Section 80P(2)(vi)clear

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Key Topics

Section 36(1)(viia)10Section 143(3)4Section 80P(2)(a)4Section 36(1)(vii)4Section 2633Section 80P3Section 144B3Deduction3

THE WEST GODAVARI DISTRICT CO OP MARKETING SOCIETY LTD ,ELURU vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, VISAKHAPATNAM

ITA 356/VIZ/2025[2020-21]Status: DisposedITAT Visakhapatnam27 Oct 2025AY 2020-21

Bench: Shri Balakrishnan Sshri Sandeep Singh Karhailthe West Godavari District Co-Op. Marketing Society Ltd., Eluru, 25-55, Opposite To Fire Station N.R. Pet Eluru - 534006 ............... Appellant Pan: Aaaat7717Q V/S Principal Commissioner Of Income Tax, Pcit, Visakhapatnam - 1 ……………… Respondent

For Appellant: Shri GVN Hari, AdvocateFor Respondent: Shri M.N. Murthy Naik, CIT (DR)
Section 143(3)Section 144BSection 263Section 80PSection 80P(2)(a)Section 80P(2)(d)

VI-A of the Act. The Assessing Officer (“AO”) vide order dated 25.09.2022 passed under section 143(3) read with section 144B of the Act assessed the total income of the assessee at the returned income after allowing the deduction claimed by the assessee under section 80P of the Act. 5. Subsequently, vide notice dated 13.03.2025 issued

THE ACIT,, GUNTUR vs. M/S. CHATANYA GODAVARI,, GUNTUR

In the result, the appeals of the revenue are allowed

ITA 327/VIZ/2016[2011-2012]Status: DisposedITAT Visakhapatnam04 May 2018AY 2011-2012

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.326/Viz/2016 & 327/Viz/2016 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12 Respectively) Acit, Circle-2(1) Vs. M/S Chaitanya Godavari Guntur Grameena Bank 3Rd Floor, Raghu Mansion 4/1, Brodipet Guntur – 5200 002 [Pan :Aaajc0523A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) Cross Objection Nos.53/Viz/2016 & 54/Viz/2016 (Arising Out Of I.T.A.Nos.326/Viz/2016 & 327/Viz/2016 Respectively) (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12 Respectively) M/S Chaitanya Godavari Grameena Bank Vs. Acit, Circle-2(1) 3Rd Floor, Raghu Mansion Guntur 4/1, Brodipet Guntur – 5200 002 [Pan :Aaajc0523A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) धििााररती कीओर से/ Assessee By : Shri G.V.N.Hari, Ar राजस्ि की ओर से / Revenue By : Shri T.S.N.Murthy, Dr सुििाई की तारीख / Date Of Hearing : 12.04.2018 घोषणा की तारीख/Date Of Pronouncement : 04.05.2018

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri T.S.N.Murthy, DR
Section 36(1)(vii)Section 36(1)(viia)

80P hence the assessee gets the relief of Rs.2,52,41,116/- and worked out the excess disallowance at Rs.6,37,79,159/- as under : A.Y. Particulars Amount (Rs.) 2007-08 2,52,41,116 2008-09 2,91,69,463 19 ITA Nos.326 &327/Viz/2016 and CO Nos.53&54-Viz-2016 M/s Chaitanya Godavari Grammena Bank, Guntur 2010-11 Rs.1

THE ACIT,, GUNTUR vs. M/S. CHATANYA GODAVARI,, GUNTUR

In the result, the appeals of the revenue are allowed

ITA 326/VIZ/2016[2010-2011]Status: DisposedITAT Visakhapatnam04 May 2018AY 2010-2011

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.326/Viz/2016 & 327/Viz/2016 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12 Respectively) Acit, Circle-2(1) Vs. M/S Chaitanya Godavari Guntur Grameena Bank 3Rd Floor, Raghu Mansion 4/1, Brodipet Guntur – 5200 002 [Pan :Aaajc0523A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) Cross Objection Nos.53/Viz/2016 & 54/Viz/2016 (Arising Out Of I.T.A.Nos.326/Viz/2016 & 327/Viz/2016 Respectively) (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12 Respectively) M/S Chaitanya Godavari Grameena Bank Vs. Acit, Circle-2(1) 3Rd Floor, Raghu Mansion Guntur 4/1, Brodipet Guntur – 5200 002 [Pan :Aaajc0523A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) धििााररती कीओर से/ Assessee By : Shri G.V.N.Hari, Ar राजस्ि की ओर से / Revenue By : Shri T.S.N.Murthy, Dr सुििाई की तारीख / Date Of Hearing : 12.04.2018 घोषणा की तारीख/Date Of Pronouncement : 04.05.2018

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri T.S.N.Murthy, DR
Section 36(1)(vii)Section 36(1)(viia)

80P hence the assessee gets the relief of Rs.2,52,41,116/- and worked out the excess disallowance at Rs.6,37,79,159/- as under : A.Y. Particulars Amount (Rs.) 2007-08 2,52,41,116 2008-09 2,91,69,463 19 ITA Nos.326 &327/Viz/2016 and CO Nos.53&54-Viz-2016 M/s Chaitanya Godavari Grammena Bank, Guntur 2010-11 Rs.1