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Shriniwas Sahakari Griharachana ... vs Income Tax Officer Ward 12(1), Pune on 30 April, 2026 cites

Bank Of Maharashtra Employees Co-Op ... vs Income Tax Officer,, Pune on 22 December, 2017

11172 and others, judgment dated 10.10.2023 3 ITA Nos.680 to 683/Pun/2026 Shriniwas Sahakari Griharachana Sanstha Limited which the assessee relied upon, the Hon'ble High Court of Madras following the decision of Division Bench of Hon'ble High Court of Madras in the case of CIT vs The Salem Agricultural Producers Co-operative Marketing Society Ltd in Tax Case Appeal No. 5 of 2015 held that a cooperative society is entitled to avail the benefit u/s.80P(2)(d) of the Act. In light of the above, interest income of earned from investments held with Pune District Central Cooperative Bank deserves to be allowed u/s.80P(2)(d) of the Act. I therefore set aside the impugned orders passed by the ld.CIT(A) and direct the Assessing Officer to allow the alleged deduction claimed by the assessee u/s.80P(2)(d) of the Act. The common issue raised in all the three appeals for A.Y. 2016-17, 2017-18, and A.Y. 2019-20 is allowed.
Income Tax Appellate Tribunal - Panji Cites 34 - Cited by 6 - Full Document

Addl. Commissioner Of Income-Tax, ... vs Ryots Agricultural, Produce ... on 10 August, 1978

11172 and others, judgment dated 10.10.2023 3 ITA Nos.680 to 683/Pun/2026 Shriniwas Sahakari Griharachana Sanstha Limited which the assessee relied upon, the Hon'ble High Court of Madras following the decision of Division Bench of Hon'ble High Court of Madras in the case of CIT vs The Salem Agricultural Producers Co-operative Marketing Society Ltd in Tax Case Appeal No. 5 of 2015 held that a cooperative society is entitled to avail the benefit u/s.80P(2)(d) of the Act. In light of the above, interest income of earned from investments held with Pune District Central Cooperative Bank deserves to be allowed u/s.80P(2)(d) of the Act. I therefore set aside the impugned orders passed by the ld.CIT(A) and direct the Assessing Officer to allow the alleged deduction claimed by the assessee u/s.80P(2)(d) of the Act. The common issue raised in all the three appeals for A.Y. 2016-17, 2017-18, and A.Y. 2019-20 is allowed.
Karnataka High Court Cites 5 - Cited by 26 - Full Document
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