M/S.KADUNA HOSPITALITY P. LTD,COCHIN vs. THE ITO, COCHIN

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

Bench: Shri P. K. Bansal & Shri George George K.Assessment Year: 2013-14

section 32(2), amounting to Rs.5,67,2047-, against the short term capital gain for AY 2013-14;. The appellant craves, to consider each of the above grounds of appeal without prejudice to each other and craves to leave or add, alter, delete or modify all or any of the above grounds of appeal. 3. The assessee has also filed

THE ACIT, COCHIN vs. M/S.PVR TOURIST HOME, COCHIN

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm Assessment Year: 2012-13 Acit, Circle-1, Non-Corporate .......... Appellant Iind Floor, C.R. Building, I.S. Press Road Ernakulam 682018 Vs. Pvr Tourist Home .......... Respondent Palarivattom, Kochi 682025 [Pan: Aadfp3442Q] Appellant By: Shri Suresh Sivanandan, Cit-Dr Respondent By: Shri Mohan Pulickal, Advocate Date Of Hearing: 10.03.2025 Date Of Pronouncement: 21.03.2025

5 PVT Tourist Home books of accounts. If so read, it becomes clear that even when he firm is in existence and there is transfer of capital assets, it comes within the expression "otherwise" as the object of the amending Act was to remove the loopholes which existed, whereby capital gain was not chargeable. In the present case, the sale

CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT,CEN- CIRCLE,, KOTTAYAM

In the result, the appeals of the assesses in ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

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

In the result, the appeals of the assessesin ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

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

In the result, the appeals of the assessesin ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

THE DCIT, CEN-CIRCLE, KOTTAYAM vs. SRI.JOSE THOMAS, ADOOR

In the result, the appeals of the assesses in ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT,CEN- CIRCLE,, KOTTAYAM

In the result, the appeals of the assesses in ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT,CEN- CIRCLE,, KOTTAYAM

In the result, the appeals of the assesses in ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT, KOTTAYAM

In the result, the appeals of the assesses in ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

SRI.JOSE THOMAS,ADOOR vs. THE DCIT, CEN-CIRCLE, KOTTAYAM

In the result, the appeals of the assessesin ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

THE ACIT CEN-CIRCLE, KOTTAYAM vs. SMT.GRACY BABU, ADOOR P.O.

In the result, the appeals of the assesses in ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

THE ACIT, CEN-CIRCLE, KOTTAYAM vs. SRI.JOSE THOMAS, ADOOR

In the result, the appeals of the assesses in ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

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

In the result, the appeals of the assesses in ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

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

In the result, the appeals of the assessesin ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT,CEN- CIRCLE,, KOTTAYAM

In the result, the appeals of the assesses in ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

SRI.JOSE THOMAS,ADOOR vs. THE DCIT, CEN-CIRCLE, KOTTAYAM

In the result, the appeals of the assessesin ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

SRI.JOSE THOMAS,ADOOR vs. THE DCIT, CEN-CIRCLE, KOTTAYAM

In the result, the appeals of the assessesin ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation

SRI.JOSE THOMAS,ADOOR vs. THE DCIT, CEN-CIRCLE, KOTTAYAM

In the result, the appeals of the assessesin ITA no

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

5 Acres or contract receipt under the head other sources in the hands of the assessee, as this right being not legally enforceable, cannot be brought into the ambit of definition of “capital asset” , and hence, could not be income from capital gains. The Ld. DR contended that the assessee had received consideration for the “ease” of cessation