INCOME TAX OFFICER, THIRUVANANTHAPURAM vs. THIRUVANANTHAPURAM SERVICE CO-OPERATIVE BANK LTD, THIRUVANANTHAPURAM

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

3) of the Income-tax Act, 1961 on 26.12.2019. The AO assessed the total income at Rs.16,27,30,080/- after making the addition of Rs.2,83,80,844/- under Section 40A(ia) for disallowance of expenses where TDS

TANSEER KAJA,KARINGARAPULLY vs. ITO CIRCLE 1, PALAKKAD

In the result, all the appeals in ITA Nos

Bench: Shri Chandra Poojari & Shri Soundararajan K.

TDS while making payments. Similarly, ld. AO disallowed the payments made to the various parties in cash on a single day exceeding Rs.20,000/- since the same is not in accordance with section 40A(3

TANSEER KAJA,KARINGARAPULLY vs. ITO CIRCLE 1, PALAKKAD

In the result, all the appeals in ITA Nos

Bench: Shri Chandra Poojari & Shri Soundararajan K.

TDS while making payments. Similarly, ld. AO disallowed the payments made to the various parties in cash on a single day exceeding Rs.20,000/- since the same is not in accordance with section 40A(3

TANSEER KAJA,KARINGARAPULLY vs. ITO CIRCLE 1, PALAKKAD

In the result, all the appeals in ITA Nos

Bench: Shri Chandra Poojari & Shri Soundararajan K.

TDS while making payments. Similarly, ld. AO disallowed the payments made to the various parties in cash on a single day exceeding Rs.20,000/- since the same is not in accordance with section 40A(3

TANSEER KAJA,KARINGARAPULLY vs. ITO CIRCLE 1, PALAKKAD

In the result, all the appeals in ITA Nos

Bench: Shri Chandra Poojari & Shri Soundararajan K.

TDS while making payments. Similarly, ld. AO disallowed the payments made to the various parties in cash on a single day exceeding Rs.20,000/- since the same is not in accordance with section 40A(3

GRASS ASSOCIATES PVT LTD,KOCHI vs. THE ITO,CORP.WARD-13), KOCHI

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

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

section 143(3) of the Income-tax Act, 1961 (the Act) dated 08.12.2011 for assessment year 2009-10. 2. The brief facts leading to the instant appeal are that the Assessing Officer (AO) in assessment proceedings queried the assessee in respect of the expenditure claimed in the sum of Rs.37.43 lakh under the account head ‘repossession charges’. The assessee-company

ACIT, ERNAKULAM vs. M/S.TIME ADS & PUBLICITY, COCHIN

In the result, the appeal by the Revenue is allowed for statistical purposes, and the assessee’s appeal is dismissed

Bench: Shri Sanjay Arora, Am & Shri Manomohan Das, Jm

40A; 43B, et. al. Any expenditure 4 ITA Nos.226/C/2012 & 27/C/2023 (AY 2008-2009) Time Ads & Publicity v. Asst. CIT not specifically referred to in any section would stand to fall under, as per the provision itself, the residuary section s. 37(1), case law on which is legion. Purchase of goods being traded, for example, would be a direct cost

TIME ADS & PUBLICITY,KOCHI vs. ACIT CIRCLE 2(2), KOCHI

In the result, the appeal by the Revenue is allowed for statistical purposes, and the assessee’s appeal is dismissed

Bench: Shri Sanjay Arora, Am & Shri Manomohan Das, Jm

40A; 43B, et. al. Any expenditure 4 ITA Nos.226/C/2012 & 27/C/2023 (AY 2008-2009) Time Ads & Publicity v. Asst. CIT not specifically referred to in any section would stand to fall under, as per the provision itself, the residuary section s. 37(1), case law on which is legion. Purchase of goods being traded, for example, would be a direct cost

KERALA AGRO MACHINERY CORPORATION LIMITED,ERNAKULAM vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX , RANGE -1 , KOCHI, KOCHI

In the result, appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessment Year: 2011-12 Kerala Agro Machinery Corporation Limited Athani Aluva Adit, Range-1 Vs. Ernakulam Kochi Kerala 683 585 Pan No : Aaack9968Q Appellant Respondent Appellant By : Mrs. Remya S. Menon, A.R. Respondent By : Shri Sanjit Kumar Das, D.R. Date Of Hearing : 28.01.2025 Date Of Pronouncement : 02.04.2025 O R D E R Per Keshav Dubey: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of Ld. Cit(A)/Nfac Dated 24.4.2024 Vide Din & Order No. Itba/Nfac/S/250/2024-25/1064318699(1) For The Ay 2011-12 Passed U/S 250 Of The Income Tax Act, 1961 (In Short “The Act”).

section 14A r.w. Rule 8D of the Act and Rs.1,02,500/- has been disallowed. ii. Expenditure on which TDS was not deducted and remitted before the date of filing of return has been disallowed u/s 40a(ia) of the Act. iii. Loss on revaluation of tools amounting to Rs.4,48,719/- has been added back to the returned income

INCOME TAX OFFICER, PALAKKAD vs. THE PALAKKAD DISTRICT CO-OP SOCIETY LTD, PALAKKAD

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

40a(ia) out of total disallowance of Rs. 14,77,64,857/- made in the assessment order. 2. The learned Commissioner of income tax(appeals) erred in not appreciating the fact that the disallowance of Rs.14,77,64,8571- (being 30% of Rs.49,25,49,525/-) was done for the reason that the assessee had made interest payments of Rs.57