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92 results for “capital gains”+ Section 41clear

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Key Topics

Section 250120Section 143(3)30Addition to Income26Section 14820Section 13216Reassessment15Search & Seizure15Cash Deposit14Section 1476

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

ITA 428/COCH/2015[2012-13]Status: DisposedITAT Cochin21 Mar 2025AY 2012-13

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

For Appellant: Shri Suresh Sivanandan, CIT-DRFor Respondent: Shri Mohan Pulickal, Advocate
Section 143(3)Section 45(4)Section 48Section 50Section 50(1)Section 50A

capital gain u/s. 45(4) of the Act. In other words, provisions of both section 45(4) and section 50 cannot be applied to the same amount. In this regard reliance is placed on the decision of the Hon'ble Supreme Court in the case of Commissioner of Income Tax v. Urmila Ramesh [1998] 230 ITR 422 (SC) rendered

Showing 1–20 of 92 · Page 1 of 5

Section 133A4
Section 69A4
Section 115B4

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

ITA 206/COCH/2019[2014-15]Status: DisposedITAT Cochin09 Oct 2023AY 2014-15

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)

For Appellant: Shri T.M. Sreedharan, Sr. Advocate (with Smt. Divya Ravindran, Adv. with him)For Respondent: Smt. J.M. Jamuna Devi, Sr. DR
Section 131(1)Section 133ASection 147Section 148(1)Section 69

section 133A of the Act at the business premises of one, Shri Ittoop Konuparamban, Chalakkudy, Thrissur, also the place of the assessee’s residence, on 13.03.2015, on the basis of the material impounded there-from and the subsequent statement of Shri Ittoop and, indeed, the assessee himself. The assessee, who had not filed any return of income for the year

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

ITA 254/COCH/2019[2014-15]Status: DisposedITAT Cochin09 Oct 2023AY 2014-15

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)

For Appellant: Shri T.M. Sreedharan, Sr. Advocate (with Smt. Divya Ravindran, Adv. with him)For Respondent: Smt. J.M. Jamuna Devi, Sr. DR
Section 131(1)Section 133ASection 147Section 148(1)Section 69

section 133A of the Act at the business premises of one, Shri Ittoop Konuparamban, Chalakkudy, Thrissur, also the place of the assessee’s residence, on 13.03.2015, on the basis of the material impounded there-from and the subsequent statement of Shri Ittoop and, indeed, the assessee himself. The assessee, who had not filed any return of income for the year

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

ITA 54/COCH/2012[2008-09]Status: DisposedITAT Cochin23 Apr 2024AY 2008-09

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)

For Appellant: ----- None -----For Respondent: Shri Sanjit Kumar Das, CIT-DR
Section 143(3)

section 143(3) of the Income Tax Act, 1961 (‘the Act’ hereinafter) dated 29.12.2010 for Assessment Year (AY) 2008-09. ITA Nos. 54& 84/Coch/2012 (AY: 2008-09) P.C. Jose v. Dy CIT / Dy. CIT v. P.C. Jose Ex-parte Order 2. The appeals were heard at length on 10.08.2023, covering all the issues, including the principal one, being the assessment

INKEL LTD,KAKKANAD vs. DCIT CIRCLE-1, TRIVANDRUM

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

ITA 527/COCH/2024[2018-19]Status: DisposedITAT Cochin12 Aug 2025AY 2018-19

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

Section 143(3)Section 144BSection 263Section 28Section 48

capital gains' instead of under the head 'profits and gains of business or profession resulted in a short levy of tax amounting to Rs.36,26,230 and interest of Rs.13,41,694, totalling Rs.49,67,924. Accordingly, invoking the provisions of Section

M/S.APOLLO TYRES LTD,COCHIN vs. THE PRINCIPAL COMMISSIONER OF INCOMETAX, COCHIN

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

ITA 609/COCH/2017[2013-14]Status: DisposedITAT Cochin01 Sept 2025AY 2013-14

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm Assessment Year: 2013-14 Apollo Tyres Ltd. .......... Appellant 3Rd Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036 [Pan: Aaaca6990Q] Vs. Dcit, Corporate Circle-1(1), Kochi ......... Respondent Assessee By: Shri Abraham Joseph Markos, Adv. Revenue By: Shri Sanjit Kumar Das, Cit-Dr Date Of Hearing: 20.08.2025 Date Of Pronouncement: 01.09.2025

For Appellant: Shri Abraham Joseph Markos, AdvFor Respondent: Shri Sanjit Kumar Das, CIT-DR
Section 115JSection 143(3)Section 32Section 32(1)(iia)Section 35Section 43(1)Section 92C

capital items can be only adjusted in terms of provisions section 43A of the Act. The loss or gain on such 30 Apollo Tyres Ltd. transaction had no impact on the determination of taxable income. Therefore, the AO had clearly fell in error in brining the same to tax in the year of reversal of the loss especially in view

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

ITA 896/COCH/2022[2009-10]Status: DisposedITAT Cochin23 Oct 2024AY 2009-10

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)

For Appellant: ------- None -------For Respondent: Smt. V. Swarnalatha, Sr. D.R
Section 250

Section 250 of the income-tax Act, 1961 (the Act) by the Commissioner of Income Tax (Appeals), Kochi-1 on the following grounds which are independent and without prejudice to each other. 2. That on facts and in law, the orders passed by both the Assessing Officer (hereinafter referred to as the "AO") and the Commissioner of Income Tax (Appeals

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

ITA 893/COCH/2022[2009-10]Status: DisposedITAT Cochin23 Oct 2024AY 2009-10

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)

For Appellant: ------- None -------For Respondent: Smt. V. Swarnalatha, Sr. D.R
Section 250

Section 250 of the income-tax Act, 1961 (the Act) by the Commissioner of Income Tax (Appeals), Kochi-1 on the following grounds which are independent and without prejudice to each other. 2. That on facts and in law, the orders passed by both the Assessing Officer (hereinafter referred to as the "AO") and the Commissioner of Income Tax (Appeals

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

Appeal is dismissed

ITA 851/COCH/2023[2012-13]Status: DisposedITAT Cochin25 Sept 2024AY 2012-13

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)

For Appellant: ------ None ------For Respondent: Smt. V. Swarnalatha, Sr. D.R
Section 250Section 54F

41,345/- in his hands, the learned DR invited our attention to the CIT(A)’s detailed discussion confirming the assessment findings to this effect as follows: – “5.5 I have considered the assessment order, facts of the case and submissions of the appellant filed during the appeal proceedings. The appellant has claimed that during the F.Y. 2011-12, he sold

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

In the result, the appeal of assessee bearing ITA No

ITA 634/COCH/2025[2016-17]Status: DisposedITAT Cochin31 Oct 2025AY 2016-17
For Appellant: \nShri Aravind and Shri Anil D. Nair, AdvFor Respondent: \nSmt. Leena Lal, Sr. D.R
Section 139(1)Section 143(3)Section 250

41,14,718/- against sale of agricultural land.\nThe assessment was completed under section 143(3) of the Act. The\nLd. AO rejected the long-term capital gain

GOOD HOMES PVT LTD,KOCHI vs. DEPUTY COMMISSIONER OF INCOME TAX CORPORATE CIRCLE 1(1), KOCHI

In the result, the assessee’s appeals are allowed for statistical purposes

ITA 884/COCH/2022[2007-08]Status: DisposedITAT Cochin11 Aug 2023AY 2007-08

Bench: Shri Sanjay Arora, Am &Shriabyt.Varkey, Jm

For Appellant: Sri.A.Gopalakrishnan, CAFor Respondent: Smt.J.M.Jamuna Devi, Sr.AR
Section 133ASection 147Section 148

section 147 r.w.s. 143(3) of the Income-tax Act, 1961 (hereinafter ‘the Act’) dated 18.3.2015 and 29.3.2014 for assessment year (AY) 2007-2008, respectively. The background facts of both the cases being same, these are heard together, and are being disposed of pera common, consolidated order for the sake of convenience. ITA Nos.870& 884 /Coch/2022 (AY 2007-08) Ajit

AJIT ASSOCIATES PRIVATE LIMITED,ERNAKULAM vs. JCIT, CORPORATE RANGE - 1, KOCHI

In the result, the assessee’s appeals are allowed for statistical purposes

ITA 870/COCH/2022[2007-08]Status: DisposedITAT Cochin11 Aug 2023AY 2007-08

Bench: Shri Sanjay Arora, Am &Shriabyt.Varkey, Jm

For Appellant: Sri.A.Gopalakrishnan, CAFor Respondent: Smt.J.M.Jamuna Devi, Sr.AR
Section 133ASection 147Section 148

section 147 r.w.s. 143(3) of the Income-tax Act, 1961 (hereinafter ‘the Act’) dated 18.3.2015 and 29.3.2014 for assessment year (AY) 2007-2008, respectively. The background facts of both the cases being same, these are heard together, and are being disposed of pera common, consolidated order for the sake of convenience. ITA Nos.870& 884 /Coch/2022 (AY 2007-08) Ajit

A B C SALES CORPORATION ,KANNUR vs. ITO, CIRCLE-1, KANNUR

In the result, appeal of the assessee is hereby dismissed

ITA 404/COCH/2024[2017-2018]Status: DisposedITAT Cochin20 Dec 2024AY 2017-2018

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 250

41 Abdul Gafoor -do- 2018-19 516/COCH/2024 42 Abdul Gafoor -do- 2019-20 . ITA No.404 & others/Coch/2024 Page 3 of 165 517/COCH/2024 43 Abdul Gafoor -do- 2020-21 518/COCH/2024 44 Muhammed Jabir -do- 2017-18 519/COCH/2024 45 Muhammed Jabir -do- 2018-19 520/COCH/2024 46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani

RUCHIT PARIMAL ASHAR,SANALA ROAD, MORBI vs. ACIT CENTRAL CIRCLE-1, CALICUT

In the result, appeal of the assessee is hereby dismissed

ITA 505/COCH/2024[2018-19]Status: DisposedITAT Cochin20 Dec 2024AY 2018-19

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 250

41 Abdul Gafoor -do- 2018-19 516/COCH/2024 42 Abdul Gafoor -do- 2019-20 . ITA No.404 & others/Coch/2024 Page 3 of 165 517/COCH/2024 43 Abdul Gafoor -do- 2020-21 518/COCH/2024 44 Muhammed Jabir -do- 2017-18 519/COCH/2024 45 Muhammed Jabir -do- 2018-19 520/COCH/2024 46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani

BATHX BATHWARE INDIA PRIVATE LIMITED,KOCHIN vs. ACIT, CENTRAL CIRCLE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

ITA 436/COCH/2024[2014-2015]Status: DisposedITAT Cochin20 Dec 2024AY 2014-2015

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 250

41 Abdul Gafoor -do- 2018-19 516/COCH/2024 42 Abdul Gafoor -do- 2019-20 . ITA No.404 & others/Coch/2024 Page 3 of 165 517/COCH/2024 43 Abdul Gafoor -do- 2020-21 518/COCH/2024 44 Muhammed Jabir -do- 2017-18 519/COCH/2024 45 Muhammed Jabir -do- 2018-19 520/COCH/2024 46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani

K.ABDUL VAHEED,TALIPARAMBA vs. ACIT, CENTRAL CIRCLE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

ITA 504/COCH/2024[2020-21]Status: DisposedITAT Cochin20 Dec 2024AY 2020-21

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 250

41 Abdul Gafoor -do- 2018-19 516/COCH/2024 42 Abdul Gafoor -do- 2019-20 . ITA No.404 & others/Coch/2024 Page 3 of 165 517/COCH/2024 43 Abdul Gafoor -do- 2020-21 518/COCH/2024 44 Muhammed Jabir -do- 2017-18 519/COCH/2024 45 Muhammed Jabir -do- 2018-19 520/COCH/2024 46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani

BATHX BATHWARE INDIA PRIVATE LIMITED,COCHIN vs. ACIT, CENTRAL CIRCLE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

ITA 438/COCH/2024[2016-2017]Status: DisposedITAT Cochin20 Dec 2024AY 2016-2017

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 250

41 Abdul Gafoor -do- 2018-19 516/COCH/2024 42 Abdul Gafoor -do- 2019-20 . ITA No.404 & others/Coch/2024 Page 3 of 165 517/COCH/2024 43 Abdul Gafoor -do- 2020-21 518/COCH/2024 44 Muhammed Jabir -do- 2017-18 519/COCH/2024 45 Muhammed Jabir -do- 2018-19 520/COCH/2024 46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani

ABC BUILDWARES(P) LIMITED,KANNUR vs. ACIT, CENTRAL CIRCLE-1`, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

ITA 455/COCH/2024[2018-2019]Status: DisposedITAT Cochin20 Dec 2024AY 2018-2019

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 250

41 Abdul Gafoor -do- 2018-19 516/COCH/2024 42 Abdul Gafoor -do- 2019-20 . ITA No.404 & others/Coch/2024 Page 3 of 165 517/COCH/2024 43 Abdul Gafoor -do- 2020-21 518/COCH/2024 44 Muhammed Jabir -do- 2017-18 519/COCH/2024 45 Muhammed Jabir -do- 2018-19 520/COCH/2024 46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani

K.ABDUL VAHEED,TALIPARAMBA vs. ACIT, CENTRAL CIRCLE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

ITA 503/COCH/2024[2019-20]Status: DisposedITAT Cochin20 Dec 2024AY 2019-20

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 250

41 Abdul Gafoor -do- 2018-19 516/COCH/2024 42 Abdul Gafoor -do- 2019-20 . ITA No.404 & others/Coch/2024 Page 3 of 165 517/COCH/2024 43 Abdul Gafoor -do- 2020-21 518/COCH/2024 44 Muhammed Jabir -do- 2017-18 519/COCH/2024 45 Muhammed Jabir -do- 2018-19 520/COCH/2024 46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani

BATHX BATHWARE INDIA PRIVATE LIMITED,KOCHIN vs. ACIT, CENTRAL IRCLE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

ITA 437/COCH/2024[2015-2016]Status: DisposedITAT Cochin20 Dec 2024AY 2015-2016

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 250

41 Abdul Gafoor -do- 2018-19 516/COCH/2024 42 Abdul Gafoor -do- 2019-20 . ITA No.404 & others/Coch/2024 Page 3 of 165 517/COCH/2024 43 Abdul Gafoor -do- 2020-21 518/COCH/2024 44 Muhammed Jabir -do- 2017-18 519/COCH/2024 45 Muhammed Jabir -do- 2018-19 520/COCH/2024 46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani