9911796707
TMI Blog2023 (7) TMI 902X X X X Extracts X X X X X X X X Extracts X X X X ..... arda society registered under the state law(s) - HELD THAT:- All these Revenue s arguments fail to evoke our concurrence as the instant issue of assessee; a Souharda cooperative society being covered u/sec.2(19) of the Act, is no more res integra in light of the valuable guidance coming from recent decision in Sri Matha Vivododdesha Pathina Souharda Sahakari Niyamitha vs. Union of India [ 2021 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of seven appeals pertains to a single assessee viz., M/s. Shree Mahila Credit Souhard Sahakari Ltd. It has filed it s appeal ITA.Nos.133 to 139/ PAN./2019, for the corresponding assessment years 2009- 2010 to 2015-2016, against the PCIT, Belgavi s separate orders F.No.263/Prl.CIT/BGV/2018-19/674, 668, 1670, 1667, 1671, 1672, and 1669, all dated 05.02.2019, involving proceedings u/sec.263 of the In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Revenue for having treated this taxpayer as a cooperative society registered u/sec.2(19) of the Act. We wish to reiterate once again that the Revenue s stand before us in light of the PCIT s revision directions is that the assessee is not a cooperative society within the meaning of sec.2(19) of the Act being only a Souharda society registered under the state law(s). It therefore, vehemently ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed PCIT s revision directions in all these assessment years. The Assessing Officer s corresponding regular assessments stand restored as a necessary corollary. Ordered accordingly. 4. These assessees seven appeals are allowed in above terms. A copy of this common order be placed in the respective case files. Order pronounced in the open court on 18.07.2023. - - TaxTMI - TMITax - Incom ..... X X X X Extracts X X X X X X X X Extracts X X X X
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