N.S.S. Karayogam v. CIT

INCOME TAX OFFICER WARD-1, KALPETTA, KALPETTA, WAYANAD vs. THE KANIYAMBETTA SERVICE COOPERATIVE BANK LIMITED, KANIYAMBETTA, WAYANAD, KERALA

In the result, the appeal filed by the revenue is dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Assessment Year : 2015-16

…or as compelling circumstances provided under section 273B for granting a relief of 10% of the penalty levied U/s 271E. 2. The Hon'ble CIT(A) has not considered the fact that the decision of the Hon'ble jurisdictional High Court in NSS Karayogam Vs CIT (2020) 116 Taxmann.com 141(Kerala) is squarely applicable to the case and hence the penalty ought to have been upheld in its entirety . 3. The order of the CIT (A) specifically mentions that both during the scrutiny and appeal proceedings despite the case being posted on specified dates ,none of the reasons cited were fully addressed by the assessee and despite pos…

INCOME TAX OFFICER, WARD-1, KALPETTA, WAYANAD, KERALA vs. MADAKKIMALA SERVICE COOPERATIVE BANK LTD, MADAKKIMALA, WAYANAD

Accordingly, the penalty of Rs.33,02,43,427/- imposed u/s. 271E of the Act by the JCIT is deleted and the grounds of appeal no. 1 to 8 are hereby allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

…IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN Before Shri Satbeer Singh Godara, Judicial Member & Shri Amarjit Singh, Accountant Member ITA No.18/Coch/2024 : Asst.Year 2015-2016 ITA No.19/Coch/2024 : Asst.Year 2015-2016 The Income Tax Officer Madakkimala Service Co- Ward 1 operative Bank Limited v. Kalpetta. Madakkimala, Wayanad – 673 122. PAN : AACTM7277K. (Appellant) (Respondent) Appellant by : --- None--- Respondent by : Dr.S.Pandian, CIT-DR Date of Pronouncement : 07.11.2024 Date of Hearing : 23.08.2024 O R D E R Per Bench : Revenue’s instant twin appeals ITA No.18/Coch/2024 & 19/Coch/2024 for as…

INCOME TAX OFFICER, WARD-1, KALPETTA, KALPETTA, WAYANAD vs. MADAKKIMALA SERVICE COOPERATIVE BANK LTD, MADAKKIMALA, WAYANAD

Accordingly, the penalty of Rs.33,02,43,427/- imposed u/s. 271E of the Act by the JCIT is deleted and the grounds of appeal no. 1 to 8 are hereby allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

…IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN Before Shri Satbeer Singh Godara, Judicial Member & Shri Amarjit Singh, Accountant Member ITA No.18/Coch/2024 : Asst.Year 2015-2016 ITA No.19/Coch/2024 : Asst.Year 2015-2016 The Income Tax Officer Madakkimala Service Co- Ward 1 operative Bank Limited v. Kalpetta. Madakkimala, Wayanad – 673 122. PAN : AACTM7277K. (Appellant) (Respondent) Appellant by : --- None--- Respondent by : Dr.S.Pandian, CIT-DR Date of Pronouncement : 07.11.2024 Date of Hearing : 23.08.2024 O R D E R Per Bench : Revenue’s instant twin appeals ITA No.18/Coch/2024 & 19/Coch/2024 for as…

THE KALPETTA SERVICE CO-OPERATIVE BANK LTD,KALPETTA vs. THE ITO, WARD 1, KALPETTA

Bench: Shri Sanjay Arora, Am & Ms. Kavitha Rajagopal, Jm

…IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN Before Shri Sanjay Arora, AM & Ms. Kavitha Rajagopal, JM ITA No.851/Coch/2022 : Asst.Year 2015-2016 ITA No.852/Coch/2022 : Asst.Year 2015-2016 The Kalpetta Service Co-operative The Income Tax Officer Bank Limited, Ward 1 vs. Kalpetta – 673 121. Kalpetta. [PAN:AAAAT9488J] (Appellant) (Respondent) Appellant by: Sri.Anil D.Nair, Advocate Respondent by: Sri.Sanjit Kumar Das, CIT-DR Date of Hearing: 15.02.2024 Date of Pronouncement: 14.05.2024 O R D E R Per Sanjay Arora, AM: This is a set of two appeals by the assessee, directed against the confirmation of p…

THE KALPETTA SERVICE CO-OPERATIVE BANK LTD,KALPETTA vs. THE ITO, WARD 1, KALPETTA

Bench: Shri Sanjay Arora, Am & Ms. Kavitha Rajagopal, Jm

…IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN Before Shri Sanjay Arora, AM & Ms. Kavitha Rajagopal, JM ITA No.851/Coch/2022 : Asst.Year 2015-2016 ITA No.852/Coch/2022 : Asst.Year 2015-2016 The Kalpetta Service Co-operative The Income Tax Officer Bank Limited, Ward 1 vs. Kalpetta – 673 121. Kalpetta. [PAN:AAAAT9488J] (Appellant) (Respondent) Appellant by: Sri.Anil D.Nair, Advocate Respondent by: Sri.Sanjit Kumar Das, CIT-DR Date of Hearing: 15.02.2024 Date of Pronouncement: 14.05.2024 O R D E R Per Sanjay Arora, AM: This is a set of two appeals by the assessee, directed against the confirmation of p…