M/S POPULAR FINANCE COMPANY,PATHANAMTHITTA vs. THE ACIT,CIR-1,, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

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

c) of section 30, section 31 and sub-sections (1) and (2) of section 32 and subject to the provisions of section 38; (iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income or fifteen thousand rupees, whichever is less, Explanation

THE ACIT, CIRCLE-1, THIRUVALLA, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, PATHANAMTHITTA

In the result, the appeals of the Revenue are partly allowed for statistical

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

c) of section 30, section 31 and sub-sections (1) and (2) of section 32 and subject to the provisions of section 38; I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 (iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income

DCIT, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

c) of section 30, section 31 and sub-sections (1) and (2) of section 32 and subject to the provisions of section 38; I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 (iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income

DCIT, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

c) of section 30, section 31 and sub-sections (1) and (2) of section 32 and subject to the provisions of section 38; I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 (iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income

DCIT, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

c) of section 30, section 31 and sub-sections (1) and (2) of section 32 and subject to the provisions of section 38; I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 (iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income

THE ACIT, THIRUVALLA vs. M/S.MUTHOOT PROPERTIES & INVESTMENTS, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

c) of section 30, section 31 and sub-sections (1) and (2) of section 32 and subject to the provisions of section 38; I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 (iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income

DCIT, THIRUVALLA vs. MUTHOOT PROPERTIES & INVESTMENTS,, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

c) of section 30, section 31 and sub-sections (1) and (2) of section 32 and subject to the provisions of section 38; I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 (iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income

THE ACIT, THIRUVALLA vs. M/S.MUTHOOT PROPERTIES & INVESTMENTS, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

c) of section 30, section 31 and sub-sections (1) and (2) of section 32 and subject to the provisions of section 38; I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 (iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income

ACEELERATED FREEZE DRYING CO.LTD,ALAPPUZHA vs. DCIT, ALAPPUZHA

In the result, the appeal of the Revenue is allowed and the appeal of the

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

c. Rs. 22,934.99 d. Rs. 4,243,12 (Cr) Rs.57,14,725.60 : This amount represents the loss on restatement of the ECB availed by the company from Sumitomo Bank for its working capital requirements." 10.3 Before the CIT(A), it was argued that the claim was to be allowed as the assessee had consistently followed the above method

DCIT, ALAPPUZHA vs. M/S ACEELERATED FREEZE DRYING CO, LTD, ALAPPUZHA

In the result, the appeal of the Revenue is allowed and the appeal of the

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

c. Rs. 22,934.99 d. Rs. 4,243,12 (Cr) Rs.57,14,725.60 : This amount represents the loss on restatement of the ECB availed by the company from Sumitomo Bank for its working capital requirements." 10.3 Before the CIT(A), it was argued that the claim was to be allowed as the assessee had consistently followed the above method

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

6 PVT Tourist Home years claimed ownership of the building and based on the same, depreciation was claimed in respect of the building for all the assessment years until 1993-94 which was the last year of assessment of the firm. Admittedly, on dissolution the property reverted back to the partners in the same way it was brought by them

THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.TOMY MATHEW PARTNER OF MATHAI SONS, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

section 48 of the Act, the consideration received on account of transfer of capital asset is the starting point. Law is well settled that capital gains tax can be levied only if the capital asset has been transferred and money has been received or accrued in lieu of the transfer. We have to keep in mind that there

THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.MATHAI XAVIER, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

section 48 of the Act, the consideration received on account of transfer of capital asset is the starting point. Law is well settled that capital gains tax can be levied only if the capital asset has been transferred and money has been received or accrued in lieu of the transfer. We have to keep in mind that there

THE ACIT, CIR-1(1), ERNAKULAM, ERNAKULAM vs. SRI.JOSE MATHEW, M/S.E.V.MTHAI & SONS, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

section 48 of the Act, the consideration received on account of transfer of capital asset is the starting point. Law is well settled that capital gains tax can be levied only if the capital asset has been transferred and money has been received or accrued in lieu of the transfer. We have to keep in mind that there

THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.E.M.PAUL, EDAKATTUKUDIYIL, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

section 48 of the Act, the consideration received on account of transfer of capital asset is the starting point. Law is well settled that capital gains tax can be levied only if the capital asset has been transferred and money has been received or accrued in lieu of the transfer. We have to keep in mind that there

THEACIT, CIR-1(1),EKM, ERNAKULAM vs. SRI.E.M.JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

section 48 of the Act, the consideration received on account of transfer of capital asset is the starting point. Law is well settled that capital gains tax can be levied only if the capital asset has been transferred and money has been received or accrued in lieu of the transfer. We have to keep in mind that there

THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.E.J.SONY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

section 48 of the Act, the consideration received on account of transfer of capital asset is the starting point. Law is well settled that capital gains tax can be levied only if the capital asset has been transferred and money has been received or accrued in lieu of the transfer. We have to keep in mind that there

SRI.ESSA ISMAIL SAIT,ERNAKULAM vs. THE ACIT,CIR-2(1),, ERNAKULAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

section 48 of the Act, the consideration received on account of transfer of capital asset is the starting point. Law is well settled that capital gains tax can be levied only if the capital asset has been transferred and money has been received or accrued in lieu of the transfer. We have to keep in mind that there