MRS.GRACY BABU,ADOOR P.O., PATHANAMTHITTA vs. THE DCIT, CEN-CIRCLE, KOTTAYAM

In the result, all the appeals filed by the assessee are dismissed

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

disallowed by the Assessing Officer, holding that it was income from other sources. The assessee appealed to the Commissioner, who came to the conclusion that the assessee was liable to pay tax on capital gains

MRS.GRACY BABU,ADOOR P.O., PATHANAMTHITTA vs. THE DCIT, CEN-CIRCLE, KOTTAYAM

In the result, all the appeals filed by the assessee are dismissed

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

disallowed by the Assessing Officer, holding that it was income from other sources. The assessee appealed to the Commissioner, who came to the conclusion that the assessee was liable to pay tax on capital gains

MRS.REENA JOSE,PATHANAMTHITTA vs. THE DCIT, CEN-CIRCLE,, KOTTAYAM

In the result, all the appeals filed by the assessee are dismissed

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

disallowed by the Assessing Officer, holding that it was income from other sources. The assessee appealed to the Commissioner, who came to the conclusion that the assessee was liable to pay tax on capital gains

KUMAR MADHAVANPILLAI.S,THIRUVANANTHAPURAM vs. ITO, WARD-1(4), TRIVANDRUM

In the result, the appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Kumar Madhavanpillai S. Income Tax Officer -1(4) Chandra Press & Book Depot Aayakar Bhavan, Kowdiar P.O. Manjalikulam Road Thiruvananthapuram 695003 Vs. Thampanoor Thiruvananthapuram 695001 [Pan: Ajxps9299P] (Appellant) (Respondent)

capital gain by disallowing exemption under section 54/54F of the Act and without giving the benefit of the cost of improvement

REJI KRISHNAN,TRIVANDRUM vs. ITO, WARD-1(1), TRIVANDRUM

In the result, the appeal filed by the assessee is partly allowed and the stay application is dismissed as infructuous

Bench: Shri Chandra Poojari & Shri Soundararajan K

disallowance of claim made u/s.54F of the Act in respect of the capital gains on the transfer of the capital

MR.P.C.JOSE,,COCHIN vs. DCIT, COCHIN

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

Bench: Shri Sanjay Arora & Shri Manomohan Dasp.C. Jose Deputy Commissioner Of Prop. Brothers Agencies Income Tax, Circle-2(1) Jews Street Vs. Kochi Ernakulam 682031 [Pan: Abbpj8250F] (Appellant) (Respondent) Deputy Commissioner Of P.C. Jose Income Tax, Circle-2(1) Prop. Brothers Agencies Kochi Vs. Jews Street Ernakulam 682031 [Pan: Abbpj8250F] (Appellant) (Respondent)

disallowed Rs. 9 lacs, so that the balance Rs.33.25 lacs was to be deducted in computing the capital gain for the current

SMT. MARIES JOSEPH,THRISSUR vs. DCIT, INT. TAXATION, KOCHI, KOCHI

In the result, appeal in ITA No

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S

Capital Gains. In the course of assessment proceedings, the Assessing officer issued notice stating that the assessee is not eligible to claim exemption under section 54F of the Act as according to the AO, the assessee has acquired a residential house (apartment in Sobha City), other than the New Asset and therefore the conditions under section 54F is not satisfied

SMT. MARIES JOSEPH,THRISSUR vs. DCIT, INT. TAXATION, KOCHI, KOCHI

In the result, appeal in ITA No

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S

Capital Gains. In the course of assessment proceedings, the Assessing officer issued notice stating that the assessee is not eligible to claim exemption under section 54F of the Act as according to the AO, the assessee has acquired a residential house (apartment in Sobha City), other than the New Asset and therefore the conditions under section 54F is not satisfied

GOPALAKRISHNAN PUKALAKKAT BALAKRISHNAN,ERNAKULAM vs. ASSISTANT COMMISSIONER, NON CORP CIRCLE 2(1), KOCHI

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

Bench: Shri Inturi Rama Rao & Shri Soundararajan K.Assessment Year : 2016-17

capital gains issue and therefore we do not find that the legal plea raised by the assessee will survive. Therefore the legal submissions made by the assessee is not accepted. 11. Insofar as the merits are concerned, the Ld.CIT(A) had given a chart in para no. 8.1 in which the details of the interest claim and the interest disallowed

DCIT CIRCLE 1(1) & TPS, THRISSUR, THRISSUR vs. KONUPARAMBAN OUSEPH ITTOOP, POTTA CHALAKKUDY

In the result appeal filed by the Revenue stands dismissed

Bench: Shri Inturi Rama Rao, Am & Sonjoy Sarma, Jm Assessment Year:2013-14 Konuparamban Ouseph Ittoop .......... Appellant Potta, Thrissur – 680722. Pan: Aacpi9545G Vs. Dcit .......... Respondent Thrissur. Assessment Year:2013-14

disallowance of cost of improvement while computing capital gains on sale of immovable property. On appeal before the CIT(A), CIT(A) remanded

ACIT, COCHIN vs. SRI.P.C.JOSE, COCHIN

In the result, appeal filed by the assessee stands allowed and Revenue’s appeal stands dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Keshav Dubey, Jm Assessment Year: 2008-09 P.C. Jose .......... Appellant Brothers Agencies, Jews Street Ernakulam 682031 [Pan: Abbpj8250F] Vs. Dy. Commissioner Of Income Tax .......... Respondent Circle - 2(1), Kochi Assessment Year: 2008-09 Dy. Commissioner Of Income Tax .......... Appellant Circle - 2(1), Kochi Vs. P.C. Jose .......... Respondent Brothers Agencies, Jews Street Ernakulam 682031 [Pan: Abbpj8250F] Assessee By: Shri R. Krishnan, Ca Revenue By: Shri Sanjit Kumar Das & Smt. Leena Lal, Sr. D.R. Date Of Hearing: 20.02.2025 Date Of Pronouncement: 18.03.2025 P.C. Jose

capital gains’ on protective basis. 7. The AO also made disallowance of Commission expenses of Rs. 2,50,000/-. The AO had made

ANNAMMA RAJIVE,KOLLAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE CENTRAL, KOLLAM

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

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

capital gain on account of disallowance of cost of acquisition of capital asset at Rs.4,20,815 and agricultural income

RAMLA HAMEED,ALAPPUZHA vs. INCOME TAX OFFICER, ALAPPUZHA

The appeal of the assessee is allowed for statistical purposes with the direction that the Assessing

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

capital gains arising from the sale of land and building and, more specifically, whether the cost of construction of the residential building, claimed at Rs.57,00,000, should be allowed as deduction under Section 48 of the Act. We find that the assessee had filed a valuation report from a registered valuer in support of the cost of construction. However

BENEESH KUMAR,KOCHI vs. ITO, NON CORP WARD 1(1), KOCHI

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

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm Assessment Year: 2013-14 Beneesh Kumar .......... Appellant Madathuparambu House, Thattzham Road Vaduthala, Kochi 682023 [Pan: Agipb7548Q] Vs. The Income Tax Officer .......... Respondent Non-Corporate Ward, Kochi Appellant By: Shri Ramesh Cherian, Advocate Respondent By: Shri Omanakutan, Sr. D.R. Date Of Hearing: 19.03.2025 Date Of Pronouncement: 29.04.2025

capital gains’. The return of income for AY 2013-14 was filed on 02.12.2013 declaring total income of Rs. 2 Beneesh Kumar 2, 13,150/-. Against the said return of income, the assessment was completed by the Income Tax Officer, Ward-1(1), NC, Kochi (hereinafter called "the AO") vide order dated 25.02.2016 passed u/s. 143(3) of the Income

VIJAYALEKSHMI K S,TRIVANDRUM vs. ITO WARD1(3), TRIVANDRUM

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Vijayalekshmi K.S. The Income Tax Officer- 1(3) Tc 10/1148, Lekshmi Vilas Aayakr Bhavan, Kawdiar Vattiyoorkavu Vs. Thiruvananthapuram 695003 Thirivananthapuram 695013 [Pan: Abipl7317C] (Appellant) (Respondent)

disallowed the same and added the sum of Rs. 80,20,774/- as income under the head capital gain. Aggrieved

BEAVER ESTATES PRIVATE LIMITED,KOCHI vs. ASSISTANT COMMISSIONER OF INCOME TAX , CORPORATE RANGE 1, KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhgood Homes Pvt. Ltd. Acit, Corporate Range-1 3Rd Floor, Puthuran Plaza C.R. Building, Is Press Road Mg Road, Kpcc Junction Vs. Kochi 682018 Ernakulam 682011 [Pan: Aabcg0444L] (Appellant) (Respondent) Beaver Estates Pvt. Ltd Acit, Corporate Range-1 Asian School Of Architecture C.R. Building, Is Press Road & Design Innovation Kochi 682018 Vs. Silversand Island, Vytila Road Ernakulam 682019 [Pan: Aadcb0193M] (Appellant) (Respondent)

Capital Gains and not under the head "Income from Business" 6. Without prejudice to the above grounds, on the facts and in the circumstances of the case and in law, the learned CIT(A) and the learned assessing authority grossly erred in determining the alleged Income from Easement Rights fees at Rs: 73,30,680/ under the head Income from

GOOD HOMES PRIVATE LIMITED,KOCHI vs. ASST COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhgood Homes Pvt. Ltd. Acit, Corporate Range-1 3Rd Floor, Puthuran Plaza C.R. Building, Is Press Road Mg Road, Kpcc Junction Vs. Kochi 682018 Ernakulam 682011 [Pan: Aabcg0444L] (Appellant) (Respondent) Beaver Estates Pvt. Ltd Acit, Corporate Range-1 Asian School Of Architecture C.R. Building, Is Press Road & Design Innovation Kochi 682018 Vs. Silversand Island, Vytila Road Ernakulam 682019 [Pan: Aadcb0193M] (Appellant) (Respondent)

Capital Gains and not under the head "Income from Business" 6. Without prejudice to the above grounds, on the facts and in the circumstances of the case and in law, the learned CIT(A) and the learned assessing authority grossly erred in determining the alleged Income from Easement Rights fees at Rs: 73,30,680/ under the head Income from

RAJU JOSEPH VAYALAT,ERNAKULAM vs. ITO, WARD-2(5), KOCHI

In the result, the appeal of the assessee is dismissed

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

capital gain at Rs. 30,97,266 after disallowing the claim of cost of improvement. Accordingly, the appeal of the assessee