THE KERALA STATE FINANCIAL ENTERPRISE LTD,CHEMBUKKAVU vs. DCIT, CIRCLE-1(1) &TPS, THRISSUR
In the result, appeal filed by the assessee as well as Revenue stand partly allowed
ITA 81/COCH/2024[2020-2021]Status: DisposedITAT Cochin14 May 2025AY 2020-2021
Bench: Shri Inturi Rama Rao, Accontant Member & Shri Sandeep Singh Karhail
For Respondent: Sri.Sanjit Kumar Das, CIT-DR
Section 143(3)Section 40Section 40A(3)
260
(ii)
Disallowance of guarantee commission paid to Government of Kerala u/s.40(a)(iib) of the Act
Rs. 65,39,86,799
3
ITA No.81/Coch/2024 & Ors.
The Kerala State Financial Enterprises Ltd.
(iii) Disallowance u/s.40A(3)
Rs. 1,60,63,721
4. Being aggrieved by the above disallowances, the appellant filed an appeal before the CIT(A), who vide