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

In the result, all the appeals filed by the assessee are dismissed

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

46, means the fair market value of the asset on the date of distribution; (v) where the capital asset, being a share or a stock of a company, became the property of the assessee on (a) the consolidation and division of all or any of the share capital of the company into shares of larger amount** ** ** 11.6 A bare reading

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

In the result, all the appeals filed by the assessee are dismissed

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

46, means the fair market value of the asset on the date of distribution; (v) where the capital asset, being a share or a stock of a company, became the property of the assessee on (a) the consolidation and division of all or any of the share capital of the company into shares of larger amount** ** ** 11.6 A bare reading

MRS.REENA JOSE,PATHANAMTHITTA vs. THE DCIT, CEN-CIRCLE,, KOTTAYAM

In the result, all the appeals filed by the assessee are dismissed

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

46, means the fair market value of the asset on the date of distribution; (v) where the capital asset, being a share or a stock of a company, became the property of the assessee on (a) the consolidation and division of all or any of the share capital of the company into shares of larger amount** ** ** 11.6 A bare reading

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

capital gains, if any, that would accrue to the appellant firm during the assessment year in question. The Appellate Tribunal shall examine the provisions of Section 48, as modified by Section 50(1) of the Income Tax Act, and determine whether or not any short-term gains had accrued to the appellant firm for the assessment year in question. Taking

KUMAR MADHAVANPILLAI.S,THIRUVANANTHAPURAM vs. ITO, WARD-1(4), TRIVANDRUM

In the result, the appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Kumar Madhavanpillai S. Income Tax Officer -1(4) Chandra Press & Book Depot Aayakar Bhavan, Kowdiar P.O. Manjalikulam Road Thiruvananthapuram 695003 Vs. Thampanoor Thiruvananthapuram 695001 [Pan: Ajxps9299P] (Appellant) (Respondent)

46,720/-only chargeable to tax. 7. Likewise, the AO treated the other three property as short term capital assets and accordingly worked out short term capital gain after deducting WDV from proportionate sales consideration at Rs. 25,75,931/- only. Thus, the AO in view of the above made the addition of Rs. 1,45,22,651/- on account

INFOPARKS KERALA,COCHIN vs. THE ACIT, COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

capital assets, on which the same stands claimed, had already been allowed in full by way of application of income on the deployment of funds on their acquisition. The same, though a part of the statute w.e.f. AY 2015-2016 [s.11(6)] inasmuch as it amounts to a double relief, stands disapproved by the Hon'ble Apex Court

INFOPARKS KERALA,TRIVANDRUM vs. THE JT DIRECTOR OF IT (OSD) EXEM), COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

capital assets, on which the same stands claimed, had already been allowed in full by way of application of income on the deployment of funds on their acquisition. The same, though a part of the statute w.e.f. AY 2015-2016 [s.11(6)] inasmuch as it amounts to a double relief, stands disapproved by the Hon'ble Apex Court

INFOPARKS KERALA,TRIVANDRUM vs. THE JT DIRECTOR OF IT (OSD) EXEM), COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

capital assets, on which the same stands claimed, had already been allowed in full by way of application of income on the deployment of funds on their acquisition. The same, though a part of the statute w.e.f. AY 2015-2016 [s.11(6)] inasmuch as it amounts to a double relief, stands disapproved by the Hon'ble Apex Court

BENEESH KUMAR,KOCHI vs. ITO, NON CORP WARD 1(1), KOCHI

In the result, appeal filed by the assessee stands partly allowed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm Assessment Year: 2013-14 Beneesh Kumar .......... Appellant Madathuparambu House, Thattzham Road Vaduthala, Kochi 682023 [Pan: Agipb7548Q] Vs. The Income Tax Officer .......... Respondent Non-Corporate Ward, Kochi Appellant By: Shri Ramesh Cherian, Advocate Respondent By: Shri Omanakutan, Sr. D.R. Date Of Hearing: 19.03.2025 Date Of Pronouncement: 29.04.2025

46,710/- as against the long term capital gains returned by the appellant of Rs. 57,28,310/-, however denied the claim of deduction u/s. 54F as the appellant had allegedly failed to adduce proof in support of the claim made. 4. Being aggrieved, an appeal was filed before the CIT(A), who vide the impugned order dismissed the appeal

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

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

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

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

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

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

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani -do- 2013-14 523/COCH/2024 49 Muhammed Madani ACIT, Central 2017-18 Circle, Calicut 524/COCH/2024 50 Muhammed Madani -do- 2018-19 528/COCH/2024 51 Muhammed Madani -do- 2019-20 529/COCH/2024 52 Muhammed Madani -do- 2020-21 530/COCH/2024 53 Bathx Bathware India

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

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani -do- 2013-14 523/COCH/2024 49 Muhammed Madani ACIT, Central 2017-18 Circle, Calicut 524/COCH/2024 50 Muhammed Madani -do- 2018-19 528/COCH/2024 51 Muhammed Madani -do- 2019-20 529/COCH/2024 52 Muhammed Madani -do- 2020-21 530/COCH/2024 53 Bathx Bathware India

RUCHIT PARIMAL ASHAR,SANALA ROAD, MORBI vs. ACIT, CENTRAL CIRLCE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani -do- 2013-14 523/COCH/2024 49 Muhammed Madani ACIT, Central 2017-18 Circle, Calicut 524/COCH/2024 50 Muhammed Madani -do- 2018-19 528/COCH/2024 51 Muhammed Madani -do- 2019-20 529/COCH/2024 52 Muhammed Madani -do- 2020-21 530/COCH/2024 53 Bathx Bathware India

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

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani -do- 2013-14 523/COCH/2024 49 Muhammed Madani ACIT, Central 2017-18 Circle, Calicut 524/COCH/2024 50 Muhammed Madani -do- 2018-19 528/COCH/2024 51 Muhammed Madani -do- 2019-20 529/COCH/2024 52 Muhammed Madani -do- 2020-21 530/COCH/2024 53 Bathx Bathware India

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

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani -do- 2013-14 523/COCH/2024 49 Muhammed Madani ACIT, Central 2017-18 Circle, Calicut 524/COCH/2024 50 Muhammed Madani -do- 2018-19 528/COCH/2024 51 Muhammed Madani -do- 2019-20 529/COCH/2024 52 Muhammed Madani -do- 2020-21 530/COCH/2024 53 Bathx Bathware India

ABC SALES CORPORATION,KASARAGOD vs. ACIT, CENTRAL CIRCLE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani -do- 2013-14 523/COCH/2024 49 Muhammed Madani ACIT, Central 2017-18 Circle, Calicut 524/COCH/2024 50 Muhammed Madani -do- 2018-19 528/COCH/2024 51 Muhammed Madani -do- 2019-20 529/COCH/2024 52 Muhammed Madani -do- 2020-21 530/COCH/2024 53 Bathx Bathware India

KAKKOTTAKATH NADUVILAPURAYIL JUNAID,KANNUR vs. ACIT, CENTRAL CIRCLE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

46 Muhammed Jabir -do- 2019-20 521/COCH/2024 47 Muhammed Jabir -do- 2020-21 522/COCH/2024 48 Muhammed Madani -do- 2013-14 523/COCH/2024 49 Muhammed Madani ACIT, Central 2017-18 Circle, Calicut 524/COCH/2024 50 Muhammed Madani -do- 2018-19 528/COCH/2024 51 Muhammed Madani -do- 2019-20 529/COCH/2024 52 Muhammed Madani -do- 2020-21 530/COCH/2024 53 Bathx Bathware India