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

6. As regards applicability of section 37(1), it excludes expenditure which falls under sections 30 to 36, capital expenditure or personal expenditure. Obviously, the present case falls u/s. 36(l)(iii) of the Act wherein deduction is allowed for the amount of interest paid in respect of capital borrowed for the purpose of business. Accordingly, expenditure is allowed

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

6. As regards applicability of section 37(1), it excludes expenditure which falls under sections 30 to 36, capital expenditure or personal expenditure. Obviously, the present case falls u/s. 36(l)(iii) of the Act wherein deduction is allowed for the amount of interest paid in respect of capital I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 borrowed

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

6. As regards applicability of section 37(1), it excludes expenditure which falls under sections 30 to 36, capital expenditure or personal expenditure. Obviously, the present case falls u/s. 36(l)(iii) of the Act wherein deduction is allowed for the amount of interest paid in respect of capital I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 borrowed

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

6. As regards applicability of section 37(1), it excludes expenditure which falls under sections 30 to 36, capital expenditure or personal expenditure. Obviously, the present case falls u/s. 36(l)(iii) of the Act wherein deduction is allowed for the amount of interest paid in respect of capital I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 borrowed

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

6. As regards applicability of section 37(1), it excludes expenditure which falls under sections 30 to 36, capital expenditure or personal expenditure. Obviously, the present case falls u/s. 36(l)(iii) of the Act wherein deduction is allowed for the amount of interest paid in respect of capital I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 borrowed

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

6. As regards applicability of section 37(1), it excludes expenditure which falls under sections 30 to 36, capital expenditure or personal expenditure. Obviously, the present case falls u/s. 36(l)(iii) of the Act wherein deduction is allowed for the amount of interest paid in respect of capital I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 borrowed

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

6. As regards applicability of section 37(1), it excludes expenditure which falls under sections 30 to 36, capital expenditure or personal expenditure. Obviously, the present case falls u/s. 36(l)(iii) of the Act wherein deduction is allowed for the amount of interest paid in respect of capital I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 borrowed

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

6. As regards applicability of section 37(1), it excludes expenditure which falls under sections 30 to 36, capital expenditure or personal expenditure. Obviously, the present case falls u/s. 36(l)(iii) of the Act wherein deduction is allowed for the amount of interest paid in respect of capital I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 borrowed

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 147 of the Act to assess the capital gains on the basis of consideration admitted in sworn statement recorded on 23/04/1999. I.T.A. Nos.605/Coch/2005 & others 7.6 The Ld. AR objected to the Assessing Officer’s finding that the sworn statement was given in a confused mind as the assessee’s action to form a partnership and transfer the capital asset

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 147 of the Act to assess the capital gains on the basis of consideration admitted in sworn statement recorded on 23/04/1999. I.T.A. Nos.605/Coch/2005 & others 7.6 The Ld. AR objected to the Assessing Officer’s finding that the sworn statement was given in a confused mind as the assessee’s action to form a partnership and transfer the capital asset

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 147 of the Act to assess the capital gains on the basis of consideration admitted in sworn statement recorded on 23/04/1999. I.T.A. Nos.605/Coch/2005 & others 7.6 The Ld. AR objected to the Assessing Officer’s finding that the sworn statement was given in a confused mind as the assessee’s action to form a partnership and transfer the capital asset

THE ITO, WARD-2, THODUPUZHA, THODUPUZHA vs. SRI.MARTIN 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 147 of the Act to assess the capital gains on the basis of consideration admitted in sworn statement recorded on 23/04/1999. I.T.A. Nos.605/Coch/2005 & others 7.6 The Ld. AR objected to the Assessing Officer’s finding that the sworn statement was given in a confused mind as the assessee’s action to form a partnership and transfer the capital asset

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 147 of the Act to assess the capital gains on the basis of consideration admitted in sworn statement recorded on 23/04/1999. I.T.A. Nos.605/Coch/2005 & others 7.6 The Ld. AR objected to the Assessing Officer’s finding that the sworn statement was given in a confused mind as the assessee’s action to form a partnership and transfer the capital asset

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 147 of the Act to assess the capital gains on the basis of consideration admitted in sworn statement recorded on 23/04/1999. I.T.A. Nos.605/Coch/2005 & others 7.6 The Ld. AR objected to the Assessing Officer’s finding that the sworn statement was given in a confused mind as the assessee’s action to form a partnership and transfer the capital asset

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 147 of the Act to assess the capital gains on the basis of consideration admitted in sworn statement recorded on 23/04/1999. I.T.A. Nos.605/Coch/2005 & others 7.6 The Ld. AR objected to the Assessing Officer’s finding that the sworn statement was given in a confused mind as the assessee’s action to form a partnership and transfer the capital asset

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 147 of the Act to assess the capital gains on the basis of consideration admitted in sworn statement recorded on 23/04/1999. I.T.A. Nos.605/Coch/2005 & others 7.6 The Ld. AR objected to the Assessing Officer’s finding that the sworn statement was given in a confused mind as the assessee’s action to form a partnership and transfer the capital asset

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

ROSE GEORGE KOLLANUR,THRISSUR vs. ITO WARD 2(2), THRISSUR, THRISSUR

In the result, the appeal by the assessee is allowed

Bench: Shri N. V. Vasudevan & Ms. Padmavathy Sassessment Year : 2014-15

1) [Subject to the provisions of sub-section (4), where, in the case of an assessee being an individual or a Hindu undivided family], the capital gain arises from the transfer of any long-term capital asset, not being a residential house (hereafter in this section referred to as the original asset), and the assessee has, within a period