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Case Law Details

Case Name : DCIT Vs Aditya Harshvadan Mangaldas (ITAT Ahmedabad)
Related Assessment Year : 2022-23
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DCIT Vs Aditya Harshvadan Mangaldas (ITAT Ahmedabad)

Co-op Housing Society Wins 80P Battle: Interest From Co-op Bank Qualifies for Deduction- 80P Lives On: Co-op Bank Interest Not “Other Sources” for Housing Society- Species Theory Applied: Co-op Bank = Co-op Society, 80P(2)(d) AllowedBangalore ITAT ‘B’ Bench in M/s. Sree Maruthi Cooperative Housing Society Vs ITO, Ward-7(2)(3), Bengaluru (ITA No. 1895/Bang/2024, AY 2016-17, order dated 09-12-2025) allowed assessee’s appeal & held that i

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CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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Bogus Purchase Cases: Only Profit Element Taxable; 4% GP Addition Upheld on ₹5.79 Cr Purchases Recorded Sales Cannot Be Taxed Again u/s 68; Additions Based Only on Third-Party Statement Deleted Final Orders After DRP Beyond Section 153 Limit Quashed Despite Pending Supreme Court Reference Cash Advance Adjusted Through Tripartite Deal Not Unexplained Cash Credit u/s 68 Final Assessment Ignoring DRP Directions Held Void; No Post-Limitation Cure Permissible View More Published Posts

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