SATHANKULAM TALUK TEACHER CO-OPERATIVE THIFT AND CREDIT SOCIETY,TUTICORIN V. ACIT, TUTICORIN, TUTICORIN

ITA 2127/CHNY/2025

AI Insights

The case involved the Sathankulam Taluk Teacher Co-operative Thrift and Credit Society, which appealed against the order of the Commissioner of Income Tax (Appeals), NFAC, Delhi, concerning the Assessment Year 2019-20. The primary issue was the rejection of their application for condonation of delay in filing the return of income to claim deduction under Section 80P of the Income Tax Act, 1961. The assessee decided to withdraw the appeal following an unfavorable decision from the Chief Commissioner of Income Tax, Madurai, which was not contested by the DR.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 825211 (ITAT-CHENNAI)
• Duration Of Justice: 4 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-12-2025
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2019-2020
• Appeal Filed On: 31-07-2025
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R. ANITHA
• Assessee Lawyers: T.V.PAARKAVI
• Keywords: Condonation of delay

Judgement Text

"आयकर अपीलीय अिधकरण ‘सी’ \u0010ा यपीठ, चे\u0016ई। IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH: CHENNAI मा ननीय \u001bी मनु क ुमा र िग र, \u0010ा ियक सद एवं मा ननीय \u001bी जगदीश, लेखा सद क े सम' BEFORE HON’BLE SHRI MANU KUMAR GIRI, JUDICIAL MEMBER AND SHRI HON’BLE JAGADISH, ACCOUNTANT MEMBER आयकर अपील सं./ ITA No.2127/Chny/2025 & SA No.72/Chny/2025 िनधा :रण वष: /Assessment Year: 2019-20 Sathankulam Taluk Teacher Co- operative Thrift and Credit Society TB69, Rep. by its Secretary, Mr. P. Muthukumar, No.13, Kollar Mudukku Street, Sathankulam, Tuticorin District – 628 704. Vs. The Income Tax Officer, CHE-W-(513)(93), Chennai. PAN: ABBFS 4305C (अपीलाथ\u0007/Appellant) (\b यथ\u0007/Respondent) अपीलाथG की ओर से/ Appellant by : Shri T.V.Paarkavi, Advocate IJथG की ओर से /Respondent by : Ms. R. Anitha, Addl. CIT सुनवाई की तारीख/Date of Hearing : 13.11.2025 घोषणा की तारीख /Date of Pronouncement : 30.12.2025 आदेश / O R D E R PER MANU KUMAR GIRI, JM: This appeal filed by the assessee is directed against the order of the Ld. Commissioner of Income Tax (Appeals), NFAC, Delhi [CIT(A)] dated 02.07.2025 for Assessment Year 2019-20. Printed from counselvise.com ITA No.2127/Chny/2025 & SA No.72/Chny/2025 Sathankulam Taluk Teacher Co-operative Thrift and Credit Society TB69 :: 2 :: 2. At the outset, the ld. counsel for the assessee has filed order dated 09.02.2024 passed by the ld. CCIT, Madurai rejecting the application seeking condonation of delay in filing return of income to claim deduction u/s 80P of the Income Tax Act, 1961 [‘Act’ in short]. In the light of the order of the ld.CCIT, she further sought withdrawal of the present appeal to take appropriate legal steps as per law. 3. Per contra, the ld.DR Mr. ARV Srinivasan, CIT for the revenue did not object to the prayer of the ld.AR for the assessee. 4. We have heard rival submissions and perused the order dated 09.02.2024 passed by the ld. CCIT, Madurai rejecting the application seeking condonation of delay in filing return of income to claim deduction u/s 80P of the Income Tax Act. Ld.DR also has no objection to withdrawing appeal by the assessee. Hence, in the light of the above statement of parties, permission is granted to the ld. AR to withdraw the present appeal to take appropriate legal steps as per law in the light of the order dated 09.02.2024 passed by the ld. CCIT, Madurai. SA No.72/Chny/2025: In the light of withdrawal of captioned appeal, this SA 72/Chny/2025 is dismissed as infructuous. Printed from counselvise.com ITA No.2127/Chny/2025 & SA No.72/Chny/2025 Sathankulam Taluk Teacher Co-operative Thrift and Credit Society TB69 :: 3 :: 5. In the result, appeal filed by the assessee is dismissed as withdrawn and SA 72/Chny/2025 is dismissed as infructuous. Order pronounced on the 30th day of December, 2025, in Chennai. Sd/- (जगदीश) (JAGADISH) लेखा सद\u0011य/ACCOUNTANT MEMBER Sd/- (मनु क ुमार िग र) (MANU KUMAR GIRI) \u0012याियक सद\u0011य/JUDICIAL MEMBER चे\u0012नई/Chennai, \u0018दनांक/Dated: 30th December, 2025. EDN, Sr. PS आदेश क\u001a \bितिल प अ े षत/Copy to: 1. अपीलाथ /Appellant 2. थ /Respondent 3. आयकरआयु\u0013/CIT, Chennai / Madurai / Salem / Coimbatore. 4. िवभागीय ितिनिध/DR 5. गाड\u001bफाईल/GF Printed from counselvise.com "