THE DCIT,CEN-CIRCLE,, THRISSUR vs. SRI.T.G. CHANDRAKUMAR, THRISSUR

In the result, the Appeal by the Revenue is allowed on the aforesaid terms

Bench: Shri Sanjay Arora (Accountant Member), Shri Sandeep Gosain (Judicial Member)

term capital gain, as made in their protective assessments, but as long-term capital gains, ignoring

THE DCIT, CIRCLE-2(1), THRISSUR vs. SRI.K.P. JOHNY, THRISSUR

In the result, both the assessee’s and the Revenue’s appeals are partly allowed and partly allowed for statistical purposes

Bench: Shri Sanjay Arora & Shri Manomohan Dask.P. Johny Asst. Cit, Manappuram House Circle – 2(1) Hospital Road, Chalakkudy Aayakar Bhavan Vs. Thrissur 680307 Sakthan Thampuran Nagar [Pan:Acgpj4958G] Thrissur 680001 (Appellant) (Respondent) Asst. Cit, K.P. Johny Circle – 2(1) Manappuram House Aayakar Bhavan Hospital Road, Chalakkudy Vs. Sakthan Thampuran Nagar Thrissur 680307 Thrissur 680001 [Pan: Acgpj4958G] (Appellant) (Respondent)

term capital gain (STCG) as against long-term capital gain on 500 shares, at rs. 291.53 lacs

SRI.K.P. JOHNY,THRISSUR vs. THE DCIT, CIRCLE-2(1), THRISSUR

In the result, both the assessee’s and the Revenue’s appeals are partly allowed and partly allowed for statistical purposes

Bench: Shri Sanjay Arora & Shri Manomohan Dask.P. Johny Asst. Cit, Manappuram House Circle – 2(1) Hospital Road, Chalakkudy Aayakar Bhavan Vs. Thrissur 680307 Sakthan Thampuran Nagar [Pan:Acgpj4958G] Thrissur 680001 (Appellant) (Respondent) Asst. Cit, K.P. Johny Circle – 2(1) Manappuram House Aayakar Bhavan Hospital Road, Chalakkudy Vs. Sakthan Thampuran Nagar Thrissur 680307 Thrissur 680001 [Pan: Acgpj4958G] (Appellant) (Respondent)

term capital gain (STCG) as against long-term capital gain on 500 shares, at rs. 291.53 lacs

JAMES KUDAKUTHIYIL CHACKO,KERALA vs. DCIT, INTERNATIONAL TAXATION CRICLE, TRIVANDRUM

In the result, appeal is allowed for statistical purposes

Bench: Shri George George K & Ms. Padmavathy Sassessment Year :2012-13 James Kudakuthiyil Chacko, Dcit, Vs. Kbc Enclaves, International Taxation Circle, Laikadu, Perunna P.O. Trivandrum. Changanacherry, Kerala – 686 102. Pan :Ajbpc 2186 R Assessee Respondent

Long term capital loss – Rs.22,14,862/- v. Short term capital gain – Rs.7,87,187/- vi. Income

ELINJIPPURATH VELAYUDHAN KOCHUMON,THRISSUR vs. ITO WARD 2(2), THRISSUR

In the result, the assessee’s appeal is dismissed

Bench: Shri Sanjay Arora & Dr. S. Seethalakshmielinjippurath Velayudhan Kochumon The Income Tax Officer -2(2) Elinjipurath House Aayakar Bhavan Vs. Mannuty, Thrissur 680651 Shakthanthampuran Nagar [Pan:Asnpk4343B] Thrissur 680001 (Appellant) (Respondent)

Long Term Capital Gains. The CIT(A) also failed to give the reasons as to how the transactions

THEKKEDATHU RAMAN PILLAI BALACHANDRAN,PACHALAM, KOCHI vs. ITO, NON. CORP. WARD-1(1), KOCHI

In the result, the appeal of assessee bearing ITA No

long-term capital gain from the sale of agricultural land. The AO rejected the long-term capital

THOMAS CHERIAN,THANE vs. DCIT CIRCLE INTL. TXN, DCIT CIRCLE INTL. TXN

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

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm Assessment Year: 2021-22 Thomas Cherian .......... Appellant A-2, Happy House, Sector A9, Navi Mumbai Vashi, Thane 400703 [Pan: Apjpc6676G] Vs. Dcit (International Taxation) .......... Respondent Thiruvananthapuram Appellant By: Shri Vardhaman Jain, Ca Respondent By: Smt. Veni Raj, Cit-Dr Date Of Hearing: 12.06.2025 Date Of Pronouncement: 31.07.2025

long term capital gains of Rs. 2,36,26,891/- 2 Thomas Cherian and income from other sources

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 gain arises from the transfer of any long-term capital asset, not being a residential house

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 gain arises from the transfer of any long-term capital asset, not being a residential house

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)

long. So, however, to comply with the principle of natural justice, one final opportunity is provided for 24.01.2024. Issue notice by RPAD to the assessee as well as at the email ID afore referred.’ On 24.01.2024, whereat again none appeared nor adjournment application received, it was noted by the Bench that the only Power of Attorney on record is dated

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 gains. Since no supporting evidence for the cost of improvement was produced, the AO rejected the claim and computed the long-term

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)

long term capital gain even though the capital gain arose on transfer of agricultural land was not chargeable

THOMAS CHANDY,KOTTAYAM vs. NATIONAL E-ASSESSMENT CENTRE, KOCHI

Appeal is allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhthomas Chandy Dcit, Circle Tps Karimpanal, Vizhikkithode Public Library Building Vs. Kanjirapally, Kottayam 686507 Sashri Road [Pan: Adzpc3009P] Kottayam 686001 (Appellant) (Respondent)

long term capital gain amounting to Rs. 3,70,48,888/- in assessee’s hands followed by the very

STERLING FARM RESEARCH AND SERVICES PRIVATE LIMITED,ERNAKULAM vs. THE PCIT, KOCHI-1, KOCHI

In the result, the assessee’s appeal is dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Dassterling Farm Research & Services Dy. Commissioner Of Income Tax-1 Pvt. Ltd. Kochi 29/2469 C2, Sterling House Vs. Pettah, Poonithura S.O. Ernakulam 682038 [Pan:Aadcs3199J] (Appellant) (Respondent)

long term capital gain (LTCG) of Rs. 628.91 lakhs on sale of STH. Subsequently, assessment was made accepting

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

long term capital gains’ by granting benefit of indexation of long term benefits. Nothing illegality / perversity in the findings

K P MUHAMMED ALI,CALICUT vs. ITO ( INTERNATIONAL TAXATION), KOZHIKODE

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

Bench: Shri Sanjay Arora & Manomohan Dask.P. Muhammed Ali Income Tax Officer K.P. House: 19/1866 (International Taxation) Chalappuram Vs. Kozhikode Calicut 673002 [Pan:Agnpm9397F] (Appellant) (Respondent)

Long Term Capital Gain (LTCG) on the execution of a joint development agreement (JDA) (PB pgs. 88 - 116) and general

IBRAHIM VELLACHALIL,KOZHIKODE vs. ITO, WARD-2(3), KOZHIKODE

Appeal is dismissed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhibrahim Vellachalil The Income Tax Officer- 2(3) Vellachall House Aayakar Bhavan P.O. Paranuur, Narikkuni Vs. Mananchira Kozhikode 673585 Kozhikode 673001 [Pan: Aclpi2507B] (Appellant) (Respondent)

long term capital gain amounting to Rs.1,9,41,345/- in his hands, the learned DR invited our attention

LALY CHIRAKANDATHIL GEORGE,KOCHI vs. THE ACIT, KOCHI

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

Bench: Shri Sanjay Arora, Am & Ms. Kavitha Rajagopal, Jm Laly Chirakandathil George The Acit Corp. Circle 1(2) Kattarukudiyil, Rmv Road, Kochi Vs. Elamakara, Kochi-26

long term capital gain (LTCG for short). 3. The brief facts are that the assessee is an individual