M/s. Primary Agricultural Credit Co-operative Service Society Limited, Belthangady V. Income Tax Officer, Ward- 1, Puttur

ITA 1306/BANG/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 3494 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 4 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-10-2021
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Next Hearing Date: 30-08-2021
• Assessment Year: 2016-2017
• Appeal Filed On: 07-06-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: PRIYADARSHI MISHRA
• Section: 56; 80P; 201; 143(2); 13; 22

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES B BENCH: BANGALORE BEFORE SHRI B.R. BASKARAN , ACCOUNTANT MEMBER AND S MT BEENA PILLAI, JUDICIAL MEMBER ITA. NO. 1306 /BANG/2019 ASSESSMENT YEAR: 201 6 - 1 7 M/S. PRIMARY AGRICULTURAL CREDIT CO - OPERATIVE SERVICE SOCIETY LTD., UJIRE, BELTHANGADY 574 240. PAN: AAAJU0058J VS. THE INCOME TAX OFFICER, WARD 1, PUTTUR 574 201. (APPELLANT) (RESPONDENT) FOR ASSESSEE: SHRI MAHESH R. UPPIN, ADVOCATE FOR REVENUE : SHRI PRIYADARSHI MISHRA, ADDL.CIT . (DR) DATE OF HEARING : 3 0 .08.2021 DATE OF PRONOUNCEMENT : 08 .10.2021 ORDER PER BEENA PILLAI , JM . PRESENT APPEALS ARE FILED BY THE AS SESSEE AGAINST THE COMMON ORDER DATED 14/03/2019 PASSED BY THE LD.CIT(A) MANGALURU FOR ASSESSMENT YEAR 2016 - 17 ON THE FOLLOWING GROUNDS : PAGE 2 OF 13 ITA NO. 1306 /BANG/2019 PAGE 3 OF 13 ITA NO. 1306 /BANG/2019 PAGE 4 OF 13 ITA NO. 1306 /BANG/2019 PAGE 5 OF 13 ITA NO. 1306 /BANG/2019 PAGE 6 OF 13 ITA NO. 1306 /BANG/2019 BRIEF FACTS OF THE CASE ARE AS UNDER: 2. ASSESSEE IS A CO - OPERATIVE SOCIETY PROVIDING CREDIT FACILITIES TO ITS MEMBERS. FOR YEARS UNDER CONSIDERATION ASSESSEE FILED ITS RETURN OF INCOME AFTER CLAIMING DEDUCTION UNDER SECTION 80P OF THE ACT. THE RETURN WAS SELECTED FOR SCRUTINY UNDER CASS AND NOTICE UNDER SECTION 143(2) WAS ISSUED TO ASSESSEE. IN RESPONSE TO THE STATUTORY NOTICES, REPRESENT ATIVE OF ASSESSEE APPEARED BEFORE THE LD.AO AND FILED REQUISITE DETAILS AS CALLED FOR. 3. LD.AO FROM THE DETAILS FILED OBSERVED THAT: (I) HAS EARNED RENTAL INCOME AND THE ENTIRE AMOUNT WAS CLAIMED AS EXEMPTION UNDER SECTION 80 P (II) ASSESSEE HAS EARNED IN TEREST ON INVESTMENT IN CO - OPERATIVE BANKS, NATIONALISED BANKS AND DIVIDENDS ; (II) ASSESSEE HAS CLAIMED DEDUCTION UNDER SECTION 80P(2)(A) OF THE ACT IN RESPECT OF AMOUNT OF PROFIT ATTRIBUTABLE TO THE ACTIVITY OF PROVIDING CREDIT FACILITIES TO ITS MEMBERS. 4. IN THE INSTANT CASE, IT WAS NOTICED BY THE LD.AO DURING ASSESSMENT PROCEEDINGS, THAT THE ASSESSEE SOCIETY WAS EARNING INCOME NOT ONLY FROM THE MEMBERS BUT MAJORITY OF THE INCOME FROM THE NOMINAL/ ASSOCIATE MEMBERS. TAKING INTO COGNIZANCE THE RATIO OF D ECISION OF HONBLE SUPREME COURT , IN THE CASE OF CITIZEN CO - OP SOCIETY LTD, HYDERABAD V. ACIT, C - 9(1), HYDERABAD IN CIVIL APPEAL PAGE 7 OF 13 ITA NO. 1306 /BANG/2019 NO.10245 OF 2017 DATED 8.08.2017 THE LD.AO DENIED DEDUCTION CLAIMED U/S.80P BY HOLDING THAT THE ASESSEE PROVIDED CREDIT FACILITIES TO THREE CATEGORIES OF MEMBERS VIZ., I) REGULAR MEMBER II) ASSOCIATE MEMBERS AND III) NOMINAL MEMBERS. HENCE, LD.AO DISALLOWED THE DEDUCTION CLAIMED U/S.80P(2)(A)(I) OF THE ACT. 5. THE LD.AO WAS OF THE VIEW THAT PRINCIPLE OF MUT UALITY WERE VIOLATED BY ASSESSEE AND THEREFORE DENIED THE DEDUCTION IN VIEW OF THE DECISION OF HONBLE SU PREME COURT IN CASE OF CITIZEN C O - OPERATIVE S OCIETY LTD. IN CIVIL A PPEAL NO.10245/2017 DATED 08.08.2017, ON FOLLOWING GROUNDS: I) INTEREST/DIVIDEND INC OME WAS HELD TO BE INCOME FROM OTHER SOURCES AND EXCLUDED FROM THE DEDUCTION UNDER SECTION 80P(2)(A)(I). FOR THE DEDUCTION UNDER SECTION 80P(2)(D) WAS ALSO DENIED RELYING ON THE DECISION OF HONBLE KARNATAKA HIGH COURT IN CASE OF M/S TOTGARS CO - OPERATIVE S O SALE SOCIETY LTD. BY ORDER DATED 16/06/2017. II) THE PRINCIPLES OF MAJORITY WERE VIOLATED RELYING ON THE DECISION OF HONBLE SUPREME COURT IN CASE OF M/S CITIZEN CO - OPERATIVE SOCIETY LTD., HYDERABAD DATED 08/09/2017. AGGRIEVED BY THE ORDER OF LD.AO, ASSESSEE PREFERRED APPEAL BEFORE THE LD.CIT(A). 6. THE LD.CIT(A) CAME TO THE CONCLUSION THAT AS PER THE DECISION OF HONBLE SUPREME COURT IN THE CASE OF CITIZENS CO - OP SOCIETY (SUPRA ), IF THE PRINCIPLE OF MUTUALITY IS NOT SATISFIED, THEN THE ASSESSEE IS NOT ENTITLED TO DEDUCTION U/S 80P(2)(A)(I) OF THE ACT. PAGE 8 OF 13 ITA NO. 1306 /BANG/2019 6.1. IN RESPECT OF MEMBERS, THE LD.CIT(A) OBSERVED THAT THE ASSESSEE ADMITTED EXCESS NOMINAL/ASSOCIATE MEMBERS WHICH IS MORE THAN 15% OF THE TOTAL MEMBERS WHEN COMPAR ED TO REGULAR MEMBERS WHICH IS IN VIOLATION OF KARNATAKA CO - OPERATIVE SOCIETY ACT, 1959. IN VIEW OF THE VIOLATION OF THE KARNATAKA CO - OPERATIVE SOCIETY ACT, THE LD.CIT(A) OBSERVED THAT THE SOCIETY IS NOT ELIGIBLE FOR DEDUCTION U/S 80P AND AS SUCH RATIO OF THE DECISION OF HON`BLE SUPREME COURT DECISION IN THE CASE OF CITIZEN CO - OP SOCIETY LTD, HYDERABAD V. ACIT, C - 9(1), HYDERABAD IN CIVIL APPEAL NO.10245 OF 2017 DATED 8.08.2017 IS APPLICABLE TO THE FACTS OF THE ASSESSEE SOCIETY. 6.2. THE LD.CIT(A) ALSO HELD THAT, IN THE ASSESSEE'S CASE, MUTUALITY PRINCIPLES HAVE FAILED AS SUBSTANTIAL BUSINESS IS BEING CARRIED OUT WITH THE GENERAL PUBLIC OR NOMINAL MEMBERS AND ALSO IN VIEW OF THE ASSESSEE BEING REGISTERED AS SOUHARDA CO - OPERATIVE SOCIETY AND NOT AS CO - OPERATI VE SOCIETY AND TAKING INTO ACCOUNT THE BYELAWS AND THE NATURE OF BUSINESS CARRIED OUT BY THE ASSESSEE, THE SOCIETY IS NOT ELIGIBLE FOR DEDUCTION U/S 80P OF THE INCOME TAX ACT, 1961. 6.3. THE LD.CIT(A) THUS UPHELD THE ORDER OF LD.AO. AGGRIEVED BY THE ORDER OF LD.CIT(A) ASSESSEE IS IN APPEAL BEFORE US NOW. 7. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS OF BOTH SIDES IN THE LIGHT OF RECORDS PLACED BEFORE US. 7.1 THE ISSUE THAT ARISES FOR CONSIDERATION IS: (I) WHETHER THE AUTHORITIES BELOW WERE JUSTIFIED IN DENYING THE CLAIM OF THE ASSESSEE FOR D EDUCTION U/S 80P(2)(A)(I) OF THE ACT. PAGE 9 OF 13 ITA NO. 1306 /BANG/2019 (II) WHETHER, INTEREST INCOME EARNED BY ASSESSEE IS ELIGIBLE FOR DEDUCTION U/S 80P(2)(D) OF THE ACT, WHEREAS THE DEDUCTION IS ONE CLAIMED U/S 80P(2)(A)(I) OF TH E ACT. 8. GROUND NO.1 - 3 ARE GENERAL IN NATURE AND THEREFORE DO NOT REQUIRE ANY ADJUDICATION. 9. GROUND NO.4 IS IN RESPECT OF INTEREST FROM INVESTMENT IN CO - OPERATIVE BANKS, NATIONALISED BANKS . 9.1. THIS ISSUE HAS BEEN DECIDED BY COORDINATE BENCH OF THIS T RIBUNAL IN CASE OF POTTERS COTTAGE INDUSTRIAL CO - OPERATIVE SOCIETY LTD. , FOR ASSESSMENT YEARS 2015 - 16 IN ITA NO 1257 & 1258/BANG/2019 BY ORDER DATED 30 - 08 - 2019 . THIS TRIBUNAL OBSERVED AND DECIDED AS UNDER: WE NOTE THAT THE LD.AO DENIED DEDUCTION UNDER SEC TION 80P(2)(D) OF THE ACT, AS WELL IN RESPECT OF INTEREST INCOME RECEIVED BY ASSESSEE FROM DEPOSITS KEPT WITH BANKS FOR THE YEARS UNDER CONSIDERATION. THE LD.AO ASSESSED THE INTEREST INCOME RECEIVED FROM BANK DEPOSITS UNDER THE HEAD INCOME FROM OTHER SOURC ES. THE LD.COUNSEL PLACED RELIANCE ON THE DECISION OF HONBLE KARNATAKA HIGH COURT IN CASE OF TOTGARS CO - OPERATIVE SALE SOCIETY LTD. VS ITO REPORTED IN (2015) 58 TAXMANN.COM 35. WE HAVE PERUSED PLETHORA OF DECISIONS ON THIS ISSUE BY HONBLE KARNATAKA HIGH COURT AND THE RATIO LAID DOWN BY HONBLE SUPREME COURT. HONBLE SUPREME COURT IN THE CASE OF THE TOTGARS CO - OPERATIVE SALE SOCIETY LTD. VS. ITO REPORTED IN 322 ITR 283 HELD THAT, INCOME FROM UTILISATION OF SURPLUS FUNDS WAS TAXABLE UNDER THE HEAD INCOME FR OM OTHER SOURCES, AND THEREFORE NOT ELIGIBLE FOR DEDUCTION U/S 80P. HONBLE KARNATAKA HIGH COURT IN CASE OF TUMKUR MERCHANTS SOUHARDA CREDIT COOPERATIVE LTD. VS. ITO REPORTED IN 230 TAXMAN 309, DEALT WITH AN ISSUE WHERE DEDUCTION U/S.80P(2)(A)(I) OF THE A CT WAS CLAIMED ON INTEREST FROM THE DEPOSITS MADE IN A NATIONALIZED BANK WHICH WAS USED FOR PROVIDING CREDIT FACILITIES TO ITS MEMBERS. THE ASSESSEE THEREIN CLAIMED THAT THE SAID INTEREST AMOUNT IS ATTRIBUTABLE TO THE CREDIT FACILITY PROVIDED BY THE ASSES SEE AND FORMS PART OF PROFITS AND GAINS OF BUSINESS. HONBLE KARNATAKA HIGH COURT AFTER CONSIDERING THE DECISION BY HONBLE SUPREME COURT IN CASE OF TOTGARS(SUPRA) HELD THAT, SINCE THE WORD INCOME IS QUALIFIED BY THE PAGE 10 OF 13 ITA NO. 1306 /BANG/2019 EXPRESSION ATTRIBUTABLE TO THE BUSI NESS OF BANKING, IS USED IN SEC.80P(2)(A)(I) OF THE ACT, IT HAS TO RECEIVE A WIDER MEANING AND SHOULD BE INTERPRETED AS COVERING RECEIPTS FROM SOURCES OTHER THAN THE ACTUAL CONDUCT OF BUSINESS. HONBLE KARNATAKA COURT HELD THAT , A COOPERATIVE SOCIETY THAT IS CARRYING ON WITH THE BUSINESS OF PROVIDING CREDIT FACILITIES TO ITS MEMBERS, EARNS PROFITS AND GAINS OF BUSINESS BY PROVIDING CREDIT FACILITIES TO ITS MEMBERS. THE INTEREST INCOME SO DERIVED OR THE CAPITAL, IF NOT IMMEDIATELY REQUIRED TO BE LENT TO THE MEMBERS, CANNOT BE KEPT IDLE. IF THEY DEPOSIT THIS AMOUNT IN BANK SO AS TO EARN INTEREST, THE SAID INTEREST INCOME IS ATTRIBUTABLE TO THE PROFITS AND GAINS OF THE BUSINESS OF PROVIDING CREDIT FACILITIES TO ITS MEMBERS ONLY. THE SOCIETY IS NOT CARRYING ON ANY SEPARATE BUSINESS FOR EARNING SUCH INTEREST INCOME. THE INCOME SO DERIVED IS THE AMOUNT OF PROFITS AND GAINS OF BUSINESS ATTRIBUTABLE TO THE ACTIVITY OF CARRYING ON THE BUSINESS OF BANKING OR PROVIDING CREDIT FACILITIES TO IT S MEMBERS BY A CO - OPERATIVE SOCIETY AND IS LIABLE TO BE DEDUCTED FROM THE GROSS TOTAL INCOME UNDER SECTION 80P OF THE ACT. HONBLE KARNATAKA COURT DISTINGUISHED THE FACTS IN THE DECISION OF THE HONBLE SUPREME COURT IN THE CASE OF TOTGARS (SUPRA) BY OBSERV ING THAT HONBLE SUPREME COURT WAS DEALING WITH A CASE WHERE THE ASSESSEE - COOPERATIVE SOCIETY, APART FROM PROVIDING CREDIT FACILITIES TO THE MEMBERS, WAS ALSO IN THE BUSINESS OF MARKETING OF AGRICULTURAL PRODUCE GROWN BY ITS MEMBERS. THE SALE CONSIDERATION RECEIVED FROM MARKETING AGRICULTURAL PRODUCE OF ITS MEMBERS WAS RETAINED IN MANY CASES. THE SAID RETAINED AMOUNT WHICH WAS PAYABLE TO ITS MEMBERS FROM WHOM PRODUCE WAS BOUGHT, WAS INVESTED IN A SHORT - TERM DEPOSIT/SECURITY. SUCH AN AMOUNT WHICH WAS RETAINE D BY THE ASSESSEE - SOCIETY WAS A LIABILITY AND IT WAS SHOWN IN THE BALANCE SHEET ON THE LIABILITY SIDE. THEREFORE, TO THAT EXTENT, SUCH INTEREST INCOME CANNOT BE SAID TO BE ATTRIBUTABLE EITHER TO THE ACTIVITY MENTIONED IN SECTION 80P(2)(A)(I) OF THE OR UNDE R SECTION 80P(2)(A)(III) OF THE ACT. THEREFORE, IN THE FACTS OF TOTGARS (SUPRA), HONBLE SUPREME COURT HELD THE ASSESSING OFFICER WAS RIGHT IN TAXING THE INTEREST INCOME INDICATED ABOVE UNDER SECTION 56 OF THE ACT. THE COURT ALSO OBSERVED THAT EVEN THE HON BLE SUPREME COURT MADE IT CLEAR THAT, THEY ARE CONFINING THE SAID JUDGMENT TO THE FACTS OF THAT CASE. SIMILAR VIEW TAKEN IN CASE OF GUTTIGEDARARA CREDIT CO - OPERATIVE SOCIETY LTD. VS. ITO REPORTED IN ( 2015 ) 377 ITR 464 BY HONBLE KARNATAKA HIGH COURT. IN A SUBSEQUENT DECISION OF PR.CIT AND ANRS . VS. TOTAGARS CO - OPERATIVE SALE SOCIETY REPORTED IN 392 ITR 74 IN THE CONTEXT OF DEDUCTION U/S.80P(2)(D) OF THE ACT, IT WAS HELD BY HONBLE KARNATAKA H IGH COURT THAT DEDUCTION IN RESPECT OF ANY INCOME BY WAY OF IN TEREST OR DIVIDENDS DERIVED BY THE CO - OPERATIVE SOCIETY FROM ITS INVESTMENTS WITH ANY OTHER CO - OPERATIVE SOCIETY, THE WHOLE OF PAGE 11 OF 13 ITA NO. 1306 /BANG/2019 SUCH INCOME IS AVAILABLE UNDER SEC.80P(2)(D) OF THE ACT. HONBLE KARNATAKA H IGH COURT HELD THAT , DECISION BY HONBLE SUPREME COUR T IN CASE OF TOTGARS (SUPRA), WAS NOT ON THE DEDUCTION CLAIMED U/S.80P(2)(D) OF THE ACT, BUT WAS RENDERED IN RESPECT OF DEDUCTION CLAIMED UNDER SECTION 80P(2)(A)(I) OF THE ACT. HONBLE KARNATAKA HIGH COURT IN THE CASE OF PR.CIT ANR. VS. TOTGARS CO - OPERATI VE SALE SOCIETY REPORTED IN 395 ITR 611 TOOK A DIFFERENT VIEW AND HELD THAT INTEREST INCOME EARNED ON DEPOSITS WHETHER WITH ANY OTHER BANK WILL BE IN THE NATURE OF INCOME FROM OTHER SOURCES AND NOT INCOME FROM BUSINESS AND THEREFORE THE DEDUCTION U/S.80P(2 )(D) OF THE ACT CANNOT BE ALLOWED TO THE ASSESSEE. THE HONBLE COURT FOLLOWED DECISION OF HONBLE GUJARAT HIGH COURT IN THE CASE OF SBI VS. CIT REPORTED IN 389 ITR 578, WHEREIN HONBLE GUJARAT HIGH COURT DISSENTED FROM THE VIEW TAKEN BY THE HONBLE KARNATA KA HIGH COURT IN THE CASE OF TUMKUR MERCHANTS CASE (SUPRA). IT CAN THUS BE SEEN THAT THE RATIO LAID DOWN BY THE HONBLE KARNATAKA HIGH COURT IN THE CASE OF TOTAGARS COOPERATIVE SALES SOCIETY IN 395 ITR 611 IS THAT, IN LIGHT OF THE PRINCIPLES ENUNCIATED BY HONBLE SUPREME COURT IN TOTGARS CO - OPERATIVE SALE SOCIETY (SUPRA), IN CASE OF A SOCIETY ENGAGED IN PROVIDING CREDIT FACILITIES TO ITS MEMBERS, INCOME FROM INVESTMENTS MADE IN BANKS DOES NOT FALL WITHIN ANY OF THE CATEGORIES MENTIONED IN SECTION 80P(2)(A) OF THE ACT. THUS INTEREST EARNED FROM INVESTMENTS MADE IN ANY BANK, NOT BEING A CO - OPERATIVE SOCIETY, IS NOT DEDUCTIBLE UNDER SECTION 80P(2)(D) OF THE ACT. HOWEVER, SECTION 80P(2)(D) OF THE ACT SPECIFICALLY EXEMPTS INTEREST EARNED FROM FUNDS INVESTED IN C O - OPERATIVE SOCIETIES. THEREFORE, TO THE EXTENT OF THE INTEREST EARNED FROM INVESTMENTS MADE BY ASSESSEE WITH ANY CO - OPERATIVE SOCIETY, A CO - OPERATIVE SOCIETY IS ENTITLED TO DEDUCTION OF THE WHOLE OF SUCH INCOME UNDER SECTION 80P(2)(D) OF THE ACT. THIS NEE DS TO BE VERIFIED BY THE LD.AO. ON THE BASIS OF ABOVE DISCUSSIONS, AND IN THE INTEREST OF JUSTICE WE REMAND THIS ISSUE BACK TO THE LD.AO TO VERIFY THE INTEREST EARNED FROM INVESTMENTS MADE IN CO - OPERATIVE SOCIETIES THAT IS ELIGIBLE FOR DEDUCTION UNDER SECT ION 80P(2)(D) OF THE ACT. 9.2. RESPECTFULLY FOLLOWING THE ABOVE VIEW, WE DIRECT THE LD.AO TO VERIFY THE INTEREST EARNED ON INVESTMENT EARNED FROM CO - OPERATIVE SOCIETIES AND TO CONSIDER THE CLAIM OF ASSESSEE IN ACCOR DANCE WITH LAW UNDER SECTION 80P (2)(D) O F THE ACT. PAGE 12 OF 13 ITA NO. 1306 /BANG/2019 9.3. ACCORDINGLY THESE GROUNDS RAISED BY ASSESSEE STANDS ALLOWED FOR STATISTICAL PURPOSES. 10. GROUN DS 5 - 7 : IN RESPECT OF ASSOCIATE/NOMINAL MEMBERS, HONBLE SUPREME COURT IN THE CASE OF MAVILAYI SERVICE COOPERATIVE BANK LTD. V. CIT (2021) 123 TAXMANN.COM 161 (SC) HAS HELD THAT THE EXPRESSION MEMBERS IS NOT DEFINED IN THE INCOME - TAX ACT. HENCE, IT IS NECESSARY TO CONSTRUE THE EXPRESSION MEMBERS IN SECTION 80P(2)(A)(I) OF THE ACT IN THE LIGHT O F DEFINITION OF THAT EXPRESSION AS CONTAINED IN THE CONCERNED CO - OPERATIVE SOCIETIES ACT. IN VIEW OF THIS, THE FACTS ARE TO BE EXAMINED IN THE LIGHT OF PRINCIPLES LAID DOWN BY THE HONBLE SUPREME COURT IN MAVILAYI SERVICE COOPERATIVE BANK LTD. (SUPRA) . A CCORDINGLY, WE REMIT THIS ISSUE OF DEDUCTION U/S.80P(2)(A)(I) OF THE ACT TO THE FILE OF LD.AO TO EXAMINE THE SAME DE NOVO IN THE LIGHT OF THE ABOVE JUDGMENT. 10.1. ACCORDINGLY, GROUNDS 5 - 7 STANDS ALLOWED FOR STATISTICAL PURPOSE. 11. GROUND NO.8 IS IN RESPE CT OF RENTAL INCOME EARNED THAT HAS BEEN CONSIDERED UNDER SECTION 22 OF THE ACT AND INCOME FROM HOUSE PROPERTY BY THE AUTHORITIES BELOW. IT HAS BEEN SUBMITTED THAT THE AUTHORITIES BELOW IGNORED THE NEXES BETWEEN THE INCOME EARNED VIS - A - VIS THE ACTIVITIES C ARRIED OUT BY ASSESSEE. 11.1. WE NOTE THAT THIS ISSUE HAS NOT BEEN RAISED BEFORE THE LD. CIT (A). IN ANY EVENT, WE ARE OF THE OPINION THAT RENTAL INCOME EARNED BY ASSESSEE CANNOT BE ATTRIBUTED TO THE BUSINESS OF CREDIT FACILITY PAGE 13 OF 13 ITA NO. 1306 /BANG/2019 AND THEREFORE NEEDS TO BE CONSIDERED AS INCOME FROM HOUSE PROPERTY. 11.2. ACCORDINGLY THIS GROUND RAISED BY ASSESSEE STANDS DISMISSED. 12. WE NOTE THAT G ROUND NO. 9 - 10 ARE GENERAL IN NATURE AND THEREFORE DO NOT REQUIRE ANY ADJUDICATION. 13. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS ALLOWED FOR STATISTICAL PURPOSES. ORDER PRONOUNCED IN THE OPEN COURT ON 08 TH OCTOBER, 2021. SD/ - SD/ - ( B.R. BASKARAN ) ( BEENA PILLAI ) ACCOUNTANT MEMBER J UDICIAL MEMBER DATED: 08 TH OCTOBER, 2021. /MS/ COPY TO 1. THE APPELLANT 2. THE RESPONDENT 3. CIT(A) 4. PR. CIT 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASSISTANT REGISTRAR INCO ME - TAX APPELLATE TRIBUNAL BANGALORE