Shri Maheshwara Credit Co-Operative Society Ltd. v. Commissioner of Income-tax (Appeals), Davanagere/Income-tax Officer, Ward No.5, Davanagere/Income-tax Officer, Ward No.1, Haveri - 2020-LL-0225-47

Citation	2020-LL-0225-47
Appellant Name	Shri Maheshwara Credit Co-Operative Society Ltd.
Respondent Name	Commissioner of Income-tax (Appeals), Davanagere/Income-tax Officer, Ward No.5, Davanagere/Income-tax Officer, Ward No.1, Haveri
Court	HIGH COURT OF KARNATAKA
Relevant Act	Income-tax
Date of Order	25/02/2020
Judgment	View Judgment
Keyword Tags	statutory appeal
Bot Summary:	On request, the learned Senior Panel Counsel Sri.Jeevan J Neeralgi accepts notice for respondents and makes submission in justification of the impugned order; he also submits that since the petitioner admittedly has filed statutory appeal, he cannot pursue plural remedies. Having heard the learned counsel for the parties and having perused the Petition Papers, this court is of a considered opinion that the question as to availability of the benefit under section 80P of the Act in favour of societies of the kind having been answered in favour of the Assessee by a Division Bench of this Court vide judgment dated 05.02.2014 in Income Tax Appeal No.5006/2013 between the Commissioner of Income Tax Vs. Sri. 3 In the above circumstances, the petitioner s subject appeal needs to be considered by the 1st respondent expeditiously and without insisting upon statutory pre- deposit. Writ Petition is disposed off, ordering accordingly.

IN HIGH COURT OF KARNATAKA, BENGALURU DATED THIS 25TH DAY OF FEBRUARY, 2020 BEFORE HON'BLE MR. JUSTICE KRISHNA S.DIXIT WRIT PETITION NO. 4140 OF 2020 (T-IT) BETWEEN: SHRI MAHESHWARA CREDIT CO-OPERATIVE SOCIETY LTD., M.G.ROAD, HAVERI TALUK AND DISTRICT-571110. REP BY ITS SECRETARY- MR.CHANDRASHEKHARIAH MATAD. PETITIONER (BY SRI. MAHESH R UPPIN, ADVOCATE) AND: 1. COMMISSIONER OF INCOME TAX (APPEALS) SHREE TOWERS, HADADI MAIN ROAD, OPP D.R.R.HOSPITAL, DAVANAGERE-577002. 2. INCOME TAX OFFICER WARD NO.5, SHREE TOWERS, HADADI MAIN ROAD, OPP D.R.R.HOSPITAL, DAVANAGERE-577002. 3. INCOME TAX OFFICER WARD NO.1, HAVERI TALUK AND DISTRICT-581110. RESPONDENTS (BY SRI. JEEVAN J NEERALGI, ADVOCATE) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF CONSTITUTION OF INDIA PRAYING TO QUASH ASSESSMENT ORDER DATED 17.12.2019 PASSED BY R-2 MARKED AS ANNEXURE-A OR IN ALTERNATIVE AND ETC., THIS PETITION COMING ON FOR ORDERS THIS DAY, COURT MADE FOLLOWING:- 2 ORDER Petitioner, society being Assessee, is invoking writ jurisdiction of this court for assailing assessment order dated 17.12.2019 passed by 2nd respondent herein at Annexure-A, whereby benefit otherwise available to it in terms of Section 80P of Income Tax Act, 1961, has been denied. 2. On request, learned Senior Panel Counsel Sri.Jeevan J Neeralgi accepts notice for respondents and makes submission in justification of impugned order; he also submits that since petitioner admittedly has filed statutory appeal, he cannot pursue plural remedies. 3. Having heard learned counsel for parties and having perused Petition Papers, this court is of considered opinion that question as to availability of benefit under section 80P of Act in favour of societies of kind having been answered in favour of Assessee by Division Bench of this Court vide judgment dated 05.02.2014 in Income Tax Appeal No.5006/2013 between Commissioner of Income Tax Vs. Sri. Bilur Gurubasava Pattna Sahakara Sangha Niyamitha, Bagalkot. 3 In above circumstances, petitioner s subject appeal needs to be considered by 1st respondent expeditiously and without insisting upon statutory pre- deposit. Writ Petition is disposed off, ordering accordingly. Time for compliance is three months. No costs. Sd/- JUDGE Bsv Shri Maheshwara Credit Co-Operative Society Ltd. v. Commissioner of Income-tax (Appeals), Davanagere/Income-tax Officer, Ward No.5, Davanagere/Income-tax Officer, Ward No.1, Haveri

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