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

2) to provide that the cost of acquisition of, inter alia, a tenancy right. would be taken as nil. By this amendment, the judicial interpretation put on capital assets for the purposes purp of the provisions relating to capital gains was met. In other words, the cost of acquisition would be taken as determinable but the rate would

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

2) to provide that the cost of acquisition of, inter alia, a tenancy right. would be taken as nil. By this amendment, the judicial interpretation put on capital assets for the purposes purp of the provisions relating to capital gains was met. In other words, the cost of acquisition would be taken as determinable but the rate would

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

2) to provide that the cost of acquisition of, inter alia, a tenancy right. would be taken as nil. By this amendment, the judicial interpretation put on capital assets for the purposes purp of the provisions relating to capital gains was met. In other words, the cost of acquisition would be taken as determinable but the rate would

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

2) to provide that the cost of acquisition of, inter alia, a tenancy right. would be taken as nil. By this amendment, the judicial interpretation put on capital assets for the purposes purp of the provisions relating to capital gains was met. In other words, the cost of acquisition would be taken as determinable but the rate would

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

2) to provide that the cost of acquisition of, inter alia, a tenancy right. would be taken as nil. By this amendment, the judicial interpretation put on capital assets for the purposes purp of the provisions relating to capital gains was met. In other words, the cost of acquisition would be taken as determinable but the rate would

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

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)

section 56(2)(vii)(c) of the Act. That is to say, the same income, rather than being assessed as capital gain

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

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)

section 56(2)(vii)(c) of the Act. That is to say, the same income, rather than being assessed as capital gain

ANVAR ALI POOLAKKODAN,MALAPPURAM vs. ITO WARD 1 & TPS, TIRUR, TIRUR

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

Bench: Smt. Beena Pillai & Ms. Padmavathy Sassessment Year : 2015-16 Shri Anvar Ali Poolakkodan, The Income Tax Poolakkodan House, Officer, Randathani (Po), Ward – 1 & Tps, Malappuram District – Tirur. 676 510. Vs. Pan: Bctpp4669J Appellant Respondent Assessee By : Shri K Kittunair, Advocate : Smt J M Jamuna Devi, Sr. Revenue By Ar Date Of Hearing : 11-01-2023 Date Of Pronouncement : 30-03-2023 Order Per Beena Pillaipresent Appeal Is Filed By Assessee Against Order Dated 22.03.2022 Passed By Nfac, Delhi For A.Y. 2015-16 On Following Grounds Of Appeal:

capital gain and interest income earned by assessee was not declared as income from other sources. Accordingly a notice u/s. 148 of the act was issued on 01.06.2018, as according to the Ld.AO income has escaped assessment within the meaning of section 147 of the act. Assessee in response to the notice u/s. 148, filed the return of income declaring

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

56,85,837/-. Thus, returning net capital gains of Rs. 42,473/-. The AO had reworked out the capital gains at Rs. 57,46,710/- 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

M/S.KOYYODE SERVICE CO-OP BANK LTD,KANNUR vs. THE ITO WARD 1, KANNUR, KANNUR

Bench: Shri Sanjay Arora & Shri Manomohan Daskoyyode Service Co-Op. Bank Ltd. Income Tax Officer - (1) Koyyode, Kannur 670621 Aayakar Bhavan Vs. [Pan:Chnko1067D] Kannothumchal, Kannur 670006 (Appellant) (Respondent)

gains attributable to such activities as does not exceed,— (i) where such co-operative society is a consumers' co-operative society, one hundred thousand rupees; and (ii) in any other case, fifty thousand rupees. Explanation.—In this clause, "consumers' co-operative society" means a society for the benefit of the consumers; (d) …. (f). Explanation.—For the purposes of this section

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

PARAKKADATH SIMON VARGHESE,THRISSUR vs. INCOME TAX OFFICE, INTERNATIONAL TAXATION , KOCHI CIRCLE

In the result, the appeal filed by the assessee stands partly allowed for statistical purposes and the stay application stands dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm & Sa No. 72/Coch/2025 Assessment Year: 2017-18 Parakkadath Simon Varghese .......... Appellant Parakkadath House, Koratty South, Thrissur [Pan: Afgpv9060G] Vs. Dcit (International Taxation), Kochi .......... Respondent Assessee By: Shri Gibi C. George, Advocate Revenue By: Ms. Neethu S., Sr. Dr Date Of Hearing: 18.08.2025 Date Of Pronouncement: 20.08.2025

56,542/- by adopting the sale consideration of Rs. 2,99,97,500/- as against the sale consideration shown at Rs. 1,08,48,000/-. The AO also made addition of short term capital gains of Rs. 27,48,000/- on sale of land as the appellant had failed to furnish information called for in support of the return

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

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

56 ABC Imports & Exports India -do- 2019-20 Pvt. Ltd. 743/COCH/2024 57 Muhammad Madani -do- 835/Coch/2004 2018-19 58 Muhammad Madani -do- 836/Coch/2004 2019-20 59 Muhammad Madani -do- 837/Coch/2004 2020-21 Assessee by : U Mohanan, C.A Revenue by : Shri S.K Das, CIT (DR) Date of hearing : 09.12.2024 Date of Pronouncement : 20.12.2024 . ITA No.404 & others/Coch/2024 Page

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

56 ABC Imports & Exports India -do- 2019-20 Pvt. Ltd. 743/COCH/2024 57 Muhammad Madani -do- 835/Coch/2004 2018-19 58 Muhammad Madani -do- 836/Coch/2004 2019-20 59 Muhammad Madani -do- 837/Coch/2004 2020-21 Assessee by : U Mohanan, C.A Revenue by : Shri S.K Das, CIT (DR) Date of hearing : 09.12.2024 Date of Pronouncement : 20.12.2024 . ITA No.404 & others/Coch/2024 Page

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

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

56 ABC Imports & Exports India -do- 2019-20 Pvt. Ltd. 743/COCH/2024 57 Muhammad Madani -do- 835/Coch/2004 2018-19 58 Muhammad Madani -do- 836/Coch/2004 2019-20 59 Muhammad Madani -do- 837/Coch/2004 2020-21 Assessee by : U Mohanan, C.A Revenue by : Shri S.K Das, CIT (DR) Date of hearing : 09.12.2024 Date of Pronouncement : 20.12.2024 . ITA No.404 & others/Coch/2024 Page

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

56 ABC Imports & Exports India -do- 2019-20 Pvt. Ltd. 743/COCH/2024 57 Muhammad Madani -do- 835/Coch/2004 2018-19 58 Muhammad Madani -do- 836/Coch/2004 2019-20 59 Muhammad Madani -do- 837/Coch/2004 2020-21 Assessee by : U Mohanan, C.A Revenue by : Shri S.K Das, CIT (DR) Date of hearing : 09.12.2024 Date of Pronouncement : 20.12.2024 . ITA No.404 & others/Coch/2024 Page

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

56 ABC Imports & Exports India -do- 2019-20 Pvt. Ltd. 743/COCH/2024 57 Muhammad Madani -do- 835/Coch/2004 2018-19 58 Muhammad Madani -do- 836/Coch/2004 2019-20 59 Muhammad Madani -do- 837/Coch/2004 2020-21 Assessee by : U Mohanan, C.A Revenue by : Shri S.K Das, CIT (DR) Date of hearing : 09.12.2024 Date of Pronouncement : 20.12.2024 . ITA No.404 & others/Coch/2024 Page

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

56 ABC Imports & Exports India -do- 2019-20 Pvt. Ltd. 743/COCH/2024 57 Muhammad Madani -do- 835/Coch/2004 2018-19 58 Muhammad Madani -do- 836/Coch/2004 2019-20 59 Muhammad Madani -do- 837/Coch/2004 2020-21 Assessee by : U Mohanan, C.A Revenue by : Shri S.K Das, CIT (DR) Date of hearing : 09.12.2024 Date of Pronouncement : 20.12.2024 . ITA No.404 & others/Coch/2024 Page