THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.E.J.SONY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

capital gain at Rs.20,27,017/-. I.T.A. Nos.605/Coch/2005 & others 10.2 The contention of the Ld. AR is that the statement recorded by DDI(Inv.- II), Ernakulam on 23/04/1999 u/s. 131 of the Act has no evidentiary value as it is not supported by any corroborative material. Under section 131 of the Act, the income tax authority is empowered to examine

THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.E.M.PAUL, EDAKATTUKUDIYIL, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

capital gain at Rs.20,27,017/-. I.T.A. Nos.605/Coch/2005 & others 10.2 The contention of the Ld. AR is that the statement recorded by DDI(Inv.- II), Ernakulam on 23/04/1999 u/s. 131 of the Act has no evidentiary value as it is not supported by any corroborative material. Under section 131 of the Act, the income tax authority is empowered to examine

THE ITO, WARD-2, THODUPUZHA, THODUPUZHA vs. SRI.MARTIN JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

capital gain at Rs.20,27,017/-. I.T.A. Nos.605/Coch/2005 & others 10.2 The contention of the Ld. AR is that the statement recorded by DDI(Inv.- II), Ernakulam on 23/04/1999 u/s. 131 of the Act has no evidentiary value as it is not supported by any corroborative material. Under section 131 of the Act, the income tax authority is empowered to examine

THE ACIT, CIR-1(1), ERNAKULAM, ERNAKULAM vs. SRI.JOSE MATHEW, M/S.E.V.MTHAI & SONS, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

capital gain at Rs.20,27,017/-. I.T.A. Nos.605/Coch/2005 & others 10.2 The contention of the Ld. AR is that the statement recorded by DDI(Inv.- II), Ernakulam on 23/04/1999 u/s. 131 of the Act has no evidentiary value as it is not supported by any corroborative material. Under section 131 of the Act, the income tax authority is empowered to examine

THEACIT, CIR-1(1),EKM, ERNAKULAM vs. SRI.E.M.JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

capital gain at Rs.20,27,017/-. I.T.A. Nos.605/Coch/2005 & others 10.2 The contention of the Ld. AR is that the statement recorded by DDI(Inv.- II), Ernakulam on 23/04/1999 u/s. 131 of the Act has no evidentiary value as it is not supported by any corroborative material. Under section 131 of the Act, the income tax authority is empowered to examine

THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.MATHAI XAVIER, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

capital gain at Rs.20,27,017/-. I.T.A. Nos.605/Coch/2005 & others 10.2 The contention of the Ld. AR is that the statement recorded by DDI(Inv.- II), Ernakulam on 23/04/1999 u/s. 131 of the Act has no evidentiary value as it is not supported by any corroborative material. Under section 131 of the Act, the income tax authority is empowered to examine

M/S. JOSEPH GEORGE & CO.,,PATHANAPURAM vs. THE ITO, KOLLAM

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

Bench: S/Shri Abraham P. George, Am & George George K., Jm

capital gains by the ITAT, the Assessing Officer levied minimum penalty u/s. 271(1)(c) of the Act amounting to Rs.2

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 since she has paid an amount of Rs 91,81,814/- for investment in property at "Skyline Infinity'. 7. During the course of hearing the CIT(A) called on the assessee to furnish the details of all the properties owned by the assessee including those owned in abroad. The assessee furnished the details as required from which

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 since she has paid an amount of Rs 91,81,814/- for investment in property at "Skyline Infinity'. 7. During the course of hearing the CIT(A) called on the assessee to furnish the details of all the properties owned by the assessee including those owned in abroad. The assessee furnished the details as required from which

THE ITO, COCHIN vs. SRI.AMBADY KRISHNA MENON, COCHIN

In the result, appeal of the Revenue is dismissed and the Cross Objection filed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

penalty imposed, which are distinguishable from the facts of the assessee's case. 2.2 The learned CIT(Appeals) erred in not appreciating the fact that the assessee had not offered the correct long term capital gains

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

In the result, appeal of the assessee in ITA No

Bench: Shri Chandra Poojari & Shri Soundararajan K.

capital gain to the tune of Rs.52,96,329/- in respect of Edapally property and levied penalty @ 100% tax sought

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

In the result, appeal of the assessee in ITA No

Bench: Shri Chandra Poojari & Shri Soundararajan K.

capital gain to the tune of Rs.52,96,329/- in respect of Edapally property and levied penalty @ 100% tax sought

SRI.K.RAJAGOPAL MENON,COCHIN vs. THE DCIT, ERNAKULAM

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

penalty proceedings were initiated for the reason that the assessee had suppressed income from long term capital gains by showing

MR.THOMAS DANIEL,PATHANAMTHITTA vs. THE ITO, WARD-4, THIRUVALLA

In the result, the appeal of the assessee is dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.68/Coch/2018 Assessment Year : 2014-15

Capital gains. F. - Income from other sources. ' " D.—Profits and gains of business or profession Profits and gains of business or profession. 28. The following income shall be chargeable to income-tax under the head "Profits and gains of business or profession",- (i) the profits and gains of any business or profession which was carried on by the assessee

PALAKKAL KRISHNANKUTTY RAGHAVAN,THRISSUR vs. INCOME TAX OFFICER, GURUVAYOOR

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

Bench: Shri Inturi Rama Rao & Shri Soundararajan K.

capital gains. Subsequently, the AO also proposed to impose penalty u/s. 270A of the Act for which also the assessee

PALAKKAL KRISHNANKUTTY RAGHAVAN,THRISSUR vs. INCOME TAX OFFICER, GURUVAYOOR

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

Bench: Shri Inturi Rama Rao & Shri Soundararajan K.

capital gains. Subsequently, the AO also proposed to impose penalty u/s. 270A of the Act for which also the assessee

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

capital reduction is not allowed in the year under consideration, the same be allowed to be claimed in the computation of book profits in AY 2007-08 when the order of Kerala High Court was passed. 10. Regarding provision for lease rent of Rs. 61,00,000/-, the facts of the case are that the assessee debited an amount

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

capital reduction is not allowed in the year under consideration, the same be allowed to be claimed in the computation of book profits in AY 2007-08 when the order of Kerala High Court was passed. 10. Regarding provision for lease rent of Rs. 61,00,000/-, the facts of the case are that the assessee debited an amount