INCOME TAX OFFICER, WARD 1 AND TPS, KANNUR vs. KANNUR BUILDING MATERIALS CO OPERATIVE SOCIETY LIMITED, PAPPINISSERY, KANNUR

In the result, the appeal filed by the revenue ITA No

Bench: Shri Inturi Rama Rao, Am & Shri Anikesh Banerjee, Jm Assessment Year: 2013-14 The Income Tax Officer, Ward 1 & Tps .......... Appellant Aayakar Bhavban, Chovva P.O., Kannur 670006 Vs. Kannur Building Materials Co-Op. Society Ltd .......... Respondent No. C 1741, Pappinissery P.O., Kannur 670561 [Pan: Aaaak7151K]

section 139(1) of the Act. The assessee’s case was selected for scrutiny. The assessee during the impugned assessment year engaged in sand mining and selling. The object of the society to control the spending, to encouragement investment, self-sufficiency, co-operative attitude among members of the society and also to take measures to improve the financial, educational

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. DCIT,TDS, THIRUVANANTHAPURAM

In the result, appeal filed by the assessee stands partly allowed

Bench: Shri George George K., Vp & Shri Inturi Rama Rao, Am

41,999/- BHASKARAN proof submitted claiming exemption from TDS 2 AAATF0888P PROVINCIAL 29,60,017 26A furnished for FY: 2014- 206,932/- & BURSAR 15 shows that Rs.890,694/- only was taken as interest income from SIB. The deductor claimed that the remaining amount of Rs.20,69,323/- was shown in FY: 2015-16. However, neither the computation

GEORGE KOCHUPARAMBIL, PROP. UNITED GRANITES & METALS,THODUPUZHA vs. CENTRAL CIRCLE, KOCHI, KOCHI

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

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

41,053/- in the original assessment proceedings. He submitted that initiation of proceedings under Section 263 of the Act is uncalled for as all the necessary details were furnished by the assessee to the AO based on which the assessment order has been passed. He placed reliance on the decision of the Hon'ble Bombay Court in the case

HI-LITE BUILDERS PRIVATE LIMITED ,KOZHIKODE vs. DCIT, CENTRAL CIRCLE-1, KOZHIKODE, KOZHIKODE

In the result, the appeal by the assessee is allowed

Bench: Smt. Beena Pillai & Ms. Padmavathy S.Assessment Year : 2009-10

41,018. The case was selected for scrutiny and assessment was completed u/s. 143(3) assessing an income of Rs.1,03,48,780. Page 2 of 16 Subsequently, the CIT, Kozhikode, set aside the order of assessment u/s. 263 with a direction to make fresh assessment on the ground that the tax deducted at source by the assessee during

SANTHIMADAM AGROFARM TRUST,KOCHI vs. THE ACIT CENTRAL CIRCLE 2, KOCHI

In the result, the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Shri Soundararajan K.

Section 234A can be levied upto the date of first assessment order only". 5. At the time of hearing the assessee filed a paper book comprising of written submission in respect of the grounds raised in the appeal as follows: - “Ground No.1 Disallowance of Rs 4,41,080 u/s 40(a)(ia)- Addition without any incriminating materials unearthed in search

SANTHIMADAM AGROFARM TRUST,KOCHI vs. THE ACIT CENTRAL CIRCLE 2, KOCHI

In the result, the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Shri Soundararajan K.

Section 234A can be levied upto the date of first assessment order only". 5. At the time of hearing the assessee filed a paper book comprising of written submission in respect of the grounds raised in the appeal as follows: - “Ground No.1 Disallowance of Rs 4,41,080 u/s 40(a)(ia)- Addition without any incriminating materials unearthed in search

SANTHIMADAM AGROFARM TRUST,KOCHI vs. THE ACIT CENTRAL CIRCLE 2, KOCHI

In the result, the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Shri Soundararajan K.

Section 234A can be levied upto the date of first assessment order only". 5. At the time of hearing the assessee filed a paper book comprising of written submission in respect of the grounds raised in the appeal as follows: - “Ground No.1 Disallowance of Rs 4,41,080 u/s 40(a)(ia)- Addition without any incriminating materials unearthed in search

SANTHIMADAM AGROFARM TRUST,KOCHI vs. THE ACIT CENTRAL CIRCLE 2, KOCHI

In the result, the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Shri Soundararajan K.

Section 234A can be levied upto the date of first assessment order only". 5. At the time of hearing the assessee filed a paper book comprising of written submission in respect of the grounds raised in the appeal as follows: - “Ground No.1 Disallowance of Rs 4,41,080 u/s 40(a)(ia)- Addition without any incriminating materials unearthed in search

KERALA SHIPPING AND INLAND NAVIGATION CORPORATION LIMITED,ERNAKULAM vs. DEPUTY COMMISSIONER OF INCOME TAX , CORPORATE CIRCLE 1(1), KOCHI

In the result appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Kerala Shipping & Inalnd Dcit, Corporate Circle - 1(1) Navigtation Corporation C.R. Building, I.S. Pres Road 38/924-A, Udaya Nagar Road Kochi 682018 Vs. Gandhi Nagar Kochi 682020 [Pan: Aabck4818L] (Appellant) (Respondent)

41,23,290/- instead of the Total Income in the body of the order and need to be corrected. Also, In accordance with the disallowance of the TDS claim that is not due to him as stated in previous para. The AO is directed to re-verify the interest component shown in the form 26AS

THE ITO,, ALAPPUZHA vs. M/S.EXTRAWEAVE P. LTD, ALAPPUZHA

In the result, the appeal filed by the Revenue is partly allowed

Bench: Shri George George K. & Shri Laxmi Prasad Sahum/S. Extraweave Pvt. Ltd. Arattukulangara Complex 264B/Cmc 1 Vs. A.N. Puram, Alapuzha 688011 Sakteeswara Junction Cherthala 688524 Pan – Aabce5438L Appellant Respondent

TDS being deducted by the assessee. Respectfully following the Supreme Court decision, I hold that there was no liability for the appellant to deduct tax at source u/s 195( 1) and accordingly the addition of Rs. 55,78,022/- is deleted.” 5. From the above order of the CIT(A) we observed that he has done a good reasoned order

KERALA GRAMIN BANK, CHERPULASSERY BRANCH,PALAKKAD vs. THE ITO WARD TDS, PALAKKAD, PALAKKAD

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

section 200A of the I.T.Act is prospective with effect from 01.06.2016. In view of the aforesaid reasoning and the ITA No.684/Bang/2022 & Ors. 8 M/s.Kerala Gramin Bank. judgments of the Hon’ble jurisdictional High Court, cited supra, we allow the claim of the assessee. 9.4 Before concluding, it is to be mentioned that the CIT(A) rejected the plea

KERALA GRAMIN BANK, CHALIKKARA BRANCH,KOZHIKODE vs. THE ITO WARD TDS, KOZHIKODE, KOZHIKODE

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

section 200A of the I.T.Act is prospective with effect from 01.06.2016. In view of the aforesaid reasoning and the ITA No.684/Bang/2022 & Ors. 8 M/s.Kerala Gramin Bank. judgments of the Hon’ble jurisdictional High Court, cited supra, we allow the claim of the assessee. 9.4 Before concluding, it is to be mentioned that the CIT(A) rejected the plea

KERALA GRAMIN BANK, CHELEMBRA BRANCH,MALAPPURAM vs. THE ITO WARD TDS, KOZHIKODE, KOZHIKODE

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

section 200A of the I.T.Act is prospective with effect from 01.06.2016. In view of the aforesaid reasoning and the ITA No.684/Bang/2022 & Ors. 8 M/s.Kerala Gramin Bank. judgments of the Hon’ble jurisdictional High Court, cited supra, we allow the claim of the assessee. 9.4 Before concluding, it is to be mentioned that the CIT(A) rejected the plea

KERALA GRAMIN BANK, CHOKKAD BRANCH,MALAPPURAM vs. THE ITO WARD TDS, KOZHIKODE, KOZHIKODE

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

section 200A of the I.T.Act is prospective with effect from 01.06.2016. In view of the aforesaid reasoning and the ITA No.684/Bang/2022 & Ors. 8 M/s.Kerala Gramin Bank. judgments of the Hon’ble jurisdictional High Court, cited supra, we allow the claim of the assessee. 9.4 Before concluding, it is to be mentioned that the CIT(A) rejected the plea

KERALA GRAMIN BANK, EDAVANNA BRANCH,MALAPPURAM vs. THE ITO WARD TDS, KOZHIKODE, KOZHIKODE

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

section 200A of the I.T.Act is prospective with effect from 01.06.2016. In view of the aforesaid reasoning and the ITA No.684/Bang/2022 & Ors. 8 M/s.Kerala Gramin Bank. judgments of the Hon’ble jurisdictional High Court, cited supra, we allow the claim of the assessee. 9.4 Before concluding, it is to be mentioned that the CIT(A) rejected the plea

KERALA GRAMIN BANK, CHERPULASSERY BRANCH,PALAKKAD vs. THE ITO WARD TDS, PALAKKAD, PALAKKAD

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

section 200A of the I.T.Act is prospective with effect from 01.06.2016. In view of the aforesaid reasoning and the ITA No.684/Bang/2022 & Ors. 8 M/s.Kerala Gramin Bank. judgments of the Hon’ble jurisdictional High Court, cited supra, we allow the claim of the assessee. 9.4 Before concluding, it is to be mentioned that the CIT(A) rejected the plea

KERALA GRAMIN BANK, EDACHERY BRANCH,KOZHIKODE vs. THE ITO WARD TDS, KOZHIKODE, KOZHIKODE

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

section 200A of the I.T.Act is prospective with effect from 01.06.2016. In view of the aforesaid reasoning and the ITA No.684/Bang/2022 & Ors. 8 M/s.Kerala Gramin Bank. judgments of the Hon’ble jurisdictional High Court, cited supra, we allow the claim of the assessee. 9.4 Before concluding, it is to be mentioned that the CIT(A) rejected the plea

KERALA GRAMIN BANK, CHENGOTTUKAVU BRANCH,KOYILANDY vs. THE ITO WARD TDS, KOZHIKODE, KOZHIKODE

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

section 200A of the I.T.Act is prospective with effect from 01.06.2016. In view of the aforesaid reasoning and the ITA No.684/Bang/2022 & Ors. 8 M/s.Kerala Gramin Bank. judgments of the Hon’ble jurisdictional High Court, cited supra, we allow the claim of the assessee. 9.4 Before concluding, it is to be mentioned that the CIT(A) rejected the plea

KERALA GRAMIN BANK, CHEERAL BRANCH,WAYANAD vs. THE ITO WARD TDS, KOZHIKODE, KOZHIKODE

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

section 200A of the I.T.Act is prospective with effect from 01.06.2016. In view of the aforesaid reasoning and the ITA No.684/Bang/2022 & Ors. 8 M/s.Kerala Gramin Bank. judgments of the Hon’ble jurisdictional High Court, cited supra, we allow the claim of the assessee. 9.4 Before concluding, it is to be mentioned that the CIT(A) rejected the plea