GANGAKHED MULTISTATE CO OP. CREDIT SOCIETY LIMITED, PARBHANI V. ITO, WARD, HINGOLI, HINGOLI

ITA 1202/PUN/2024

• Counselvise Citation: [2024] 130 COUNSELVISE.COM (IT) 5443 (ITAT-PUNE)
• Duration Of Justice: 2 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-08-2024
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: SMC
• Next Hearing Date: 13-08-2024
• Assessment Year: 2018-2019
• Appeal Filed On: 23-05-2024
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “SMC”, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER आयकर अपील सं. / ITA No.1202/PUN/2024 नधा रण वष / Assessment Year : 2018-19 Gangakhed Multistate Coop. Credit Society Limited, Ram Seeta Sadan, Kodri Road, Gangakhed Taluka, Gangakhed, Parbhani 413514 Maharashtra PAN : AABAG5687M Vs. Income Tax Officer, Ward Hingoli Appellant Respondent CORRIGENDUM PER INTURI RAMA RAO, AM: This corrigendum is being issued to correct the inadvertent error in the Tribunal order dated 14.08.2024 in not mentioning the attendance of Shri Digambar Surwase, learned Authorised Representative for the assessee. Therefore, the name of Shri Digambar Surwase, Chartered Accountant is treated as appeared on behalf of the assessee. In view thereof, para No. 5 of the Tribunal order dated 14.08.2024 stands deleted and Para No.7 be read as under : “7. I heard the rival submissions and perused the relevant material on record. The issue in the present appeal relates to the allowability of deduction u/s.80P(2)(d) in respect of interest income earned by a Cooperative Society formed with the object of accepting deposits from Members and lending money to its Members, which is no more res integra in view of catena of decisions passed by this Bench on this very issue.” Assessee by : Shri Digambar Surwase Revenue by : Shri Rajesh Gawali ITA No.1202/PUN/2024 2 2. To this extent, the order stands modified. Ordered accordingly. Sd/- (INTURI RAMA RAO) MEMBER ACCOUNTANT MEMBER पुणे / Pune; दनांक / Dated : 20 th August, 2024. Satish आदेश क ितिलिप अ ेिषत / Copy of the Order forwarded to : 1. अपीलाथ / The Appellant. 2. यथ / The Respondent. 3. The Pr. CIT concerned 4. िवभागीय ितिनिध, आयकर अपीलीय अिधकरण, “SMC” ब च, पुणे / DR, ITAT, “SMC” Bench, Pune. 5. गाड फ़ाइल / Guard File. आदेशानुसार / BY ORDER, // True Copy // Senior Private Secretary आयकर अपीलीय अिधकरण, पुणे / ITAT, Pune.