GEORGE KOCHUPARAMBIL, PROP. UNITED GRANITES & METALS,THODUPUZHA vs. CENTRAL CIRCLE, KOCHI, KOCHI
In the result, the appeal filed by the assessee is dismissed
ITA 190/COCH/2021[2017-18]Status: DisposedITAT Cochin30 Mar 2023AY 2017-18
Bench: Smt. Beena Pillai, Juduicial Member & Ms. Padmavathy Sshri George Kochuparambil Kochuparambil House Dcit/Acit, Central Vazhithala P.O. Vs. Circle Thodupuzha Kochi Idukki 685583 Pan – Afjpk9650E Appellant Respondent Appellant By: Shri Mathew Joseph, Ca Respondent By: Shri M. Jarasekhar, Cit-Dr Date Of Hearing: 10.01.2023 Date Of Pronouncement: 30.03.2023
For Appellant: Shri Mathew Joseph, CAFor Respondent: Shri M. Jarasekhar, CIT-DR
Section 135Section 143(2)Section 143(3)Section 263Section 37Section 37(1)
22,512/- (Royalty Advance,
L&T Finance Ltd. (TDS), Reliance – TDS, Petromee
Engineers, input tax credit, Standard electricals), others amounting Rs.6,94,25,060/- cannot be treated as made wholly and exclusively for the purpose of business. The loan liability as per Balance sheet is Rs.27,26,70,775/-.
The interest debited to the P&L account is Rs.1
