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91 results for “capital gains”+ Short Term Capital Gainsclear

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Key Topics

Section 143(3)59Addition to Income40Section 153A33Short Term Capital Gains24Capital Gains24Section 4023Disallowance20Section 14719Section 14819Section 14A

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

short term capital gains, if any. A perusal of section 45(4) clearly shows that distribution of capital

Showing 1–20 of 91 · Page 1 of 5

18
Section 25016
Section 80G16

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

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

ITA 461/COCH/2024[2017-2018]Status: DisposedITAT Cochin03 Oct 2024AY 2017-2018

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)

For Appellant: Shri Anil Krishnan, AdvocateFor Respondent: Smt. Girly Albert, Sr. D.R
Section 50Section 54

capital gain. ii. Whether the short-term capital gain is eligible for exemption under section 54/54F

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

gain thereon has been assessed as short-term capital gain (STCG) as against long-term capital

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

gain thereon has been assessed as short-term capital gain (STCG) as against long-term capital

THE DCIT,CEN-CIRCLE,, THRISSUR vs. SRI.T.G. CHANDRAKUMAR, THRISSUR

In the result, the Appeal by the Revenue is allowed on the aforesaid terms

ITA 67/COCH/2018[2008-09]Status: DisposedITAT Cochin03 Apr 2023AY 2008-09

Bench: Shri Sanjay Arora (Accountant Member), Shri Sandeep Gosain (Judicial Member)

For Appellant: Smt. J.M. Jamuna Devi, Sr. DRFor Respondent: Shri C.B.M. Warrier, FCA
Section 132Section 153CSection 268A

short-term capital gain, as made in their protective assessments, but as long-term capital gains

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)

short-term capital gain (STCG), i.e., on protective basis (para 2.6). 5.2 In the first appeal, the ld. CIT(A) allowed

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

ITA 212/COCH/2019[2010-11]Status: DisposedITAT Cochin22 May 2025AY 2010-11

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

For Appellant: Sri.Anil D.Nair, AdvocateFor Respondent: Sri.Sundarasan S, CIT-DR
Section 132Section 143(3)Section 153ASection 153C

capital gains cannot be assessed. A perusal of the trust deed in the instant cases does not indicate that any power was conferred on the trustees to relinquish their position as trustees en banc. Rather, as noticed by the Supreme Court in Sheikh Abdul Kayum and Others v. Mulla Alibhai and Others and Others

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

ITA 211/COCH/2019[2009-10]Status: DisposedITAT Cochin22 May 2025AY 2009-10

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

For Appellant: Sri.Anil D.Nair, AdvocateFor Respondent: Sri.Sundarasan S, CIT-DR
Section 132Section 143(3)Section 153ASection 153C

capital gains cannot be assessed. A perusal of the trust deed in the instant cases does not indicate that any power was conferred on the trustees to relinquish their position as trustees en banc. Rather, as noticed by the Supreme Court in Sheikh Abdul Kayum and Others v. Mulla Alibhai and Others and Others

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

ITA 208/COCH/2019[2009-10]Status: DisposedITAT Cochin22 May 2025AY 2009-10

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

For Appellant: Sri.Anil D.Nair, AdvocateFor Respondent: Sri.Sundarasan S, CIT-DR
Section 132Section 143(3)Section 153ASection 153C

capital gains cannot be assessed. A perusal of the trust deed in the instant cases does not indicate that any power was conferred on the trustees to relinquish their position as trustees en banc. Rather, as noticed by the Supreme Court in Sheikh Abdul Kayum and Others v. Mulla Alibhai and Others and Others

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

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

ITA 207/COCH/2019[2009-10]Status: DisposedITAT Cochin22 May 2025AY 2009-10

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

For Appellant: Sri.Anil D.Nair, AdvocateFor Respondent: Sri.Sundarasan S, CIT-DR
Section 132Section 143(3)Section 153ASection 153C

capital gains cannot be assessed. A perusal of the trust deed in the instant cases does not indicate that any power was conferred on the trustees to relinquish their position as trustees en banc. Rather, as noticed by the Supreme Court in Sheikh Abdul Kayum and Others v. Mulla Alibhai and Others and Others

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

ITA 209/COCH/2019[2010-11]Status: DisposedITAT Cochin22 May 2025AY 2010-11

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

For Appellant: Sri.Anil D.Nair, AdvocateFor Respondent: Sri.Sundarasan S, CIT-DR
Section 132Section 143(3)Section 153ASection 153C

capital gains cannot be assessed. A perusal of the trust deed in the instant cases does not indicate that any power was conferred on the trustees to relinquish their position as trustees en banc. Rather, as noticed by the Supreme Court in Sheikh Abdul Kayum and Others v. Mulla Alibhai and Others and Others

ELINJIPPURATH VELAYUDHAN KOCHUMON,THRISSUR vs. ITO WARD 2(2), THRISSUR

In the result, the assessee’s appeal is dismissed

ITA 1011/COCH/2022[2015-16]Status: DisposedITAT Cochin29 Jan 2024AY 2015-16

Bench: Shri Sanjay Arora & Dr. S. Seethalakshmielinjippurath Velayudhan Kochumon The Income Tax Officer -2(2) Elinjipurath House Aayakar Bhavan Vs. Mannuty, Thrissur 680651 Shakthanthampuran Nagar [Pan:Asnpk4343B] Thrissur 680001 (Appellant) (Respondent)

For Appellant: Shri Dileep Balachandran, CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 143(3)

Short Term Capital Loss or Long Term Capital Gains. The CIT(A) also failed to give the reasons

JAMES KUDAKUTHIYIL CHACKO,KERALA vs. DCIT, INTERNATIONAL TAXATION CRICLE, TRIVANDRUM

In the result, appeal is allowed for statistical purposes

ITA 863/COCH/2022[2012-13]Status: DisposedITAT Cochin08 Mar 2023AY 2012-13

Bench: Shri George George K & Ms. Padmavathy Sassessment Year :2012-13 James Kudakuthiyil Chacko, Dcit, Vs. Kbc Enclaves, International Taxation Circle, Laikadu, Perunna P.O. Trivandrum. Changanacherry, Kerala – 686 102. Pan :Ajbpc 2186 R Assessee Respondent

For Appellant: Shri. R. Krishnan,CAFor Respondent: Smt. J M Jamuna Devi, Sr. AR
Section 131Section 5(1)Section 69

Gains. Page 3 of 8 The assessee is an individual. Assessee filed the return of 3. income for the Assessment Year 2012-13 declaring the following income: i. Income from salary - Rs.1,80,000/- ii. Income from house property – Rs.28,000/- iii. Business loss – Rs.35,52,891/- iv. Long term capital loss – Rs.22,14,862/- v. Short

LALY CHIRAKANDATHIL GEORGE,KOCHI vs. THE ACIT, KOCHI

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

ITA 73/COCH/2022[2011-12]Status: DisposedITAT Cochin05 Jun 2024AY 2011-12

Bench: Shri Sanjay Arora, Am & Ms. Kavitha Rajagopal, Jm Laly Chirakandathil George The Acit Corp. Circle 1(2) Kattarukudiyil, Rmv Road, Kochi Vs. Elamakara, Kochi-26

For Appellant: Shri Mathew JosephFor Respondent: Smt. J M Jamuna Devi
Section 139(4)Section 143(1)Section 143(1)(a)Section 250Section 74(1)(a)

short) amounting to Rs.18,76,000/- against the long term capital gain (LTCG for short). 3. The brief

ANNAMMA RAJIVE,KOLLAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE CENTRAL, KOLLAM

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

ITA 778/COCH/2023[2013-14]Status: DisposedITAT Cochin19 Feb 2025AY 2013-14

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

For Appellant: Sri.Surendranath Rao, CAFor Respondent: Sri.Sanjit Kumar Das, CIT-DR
Section 139(1)Section 153A

short term capital gain on account of disallowance of cost of acquisition of capital asset at Rs.4

STERLING FARM RESEARCH AND SERVICES PRIVATE LIMITED,ERNAKULAM vs. THE PCIT, KOCHI-1, KOCHI

In the result, the assessee’s appeal is dismissed

ITA 661/COCH/2022[2016-2017]Status: DisposedITAT Cochin09 Feb 2024AY 2016-2017

Bench: Shri Sanjay Arora & Shri Manomohan Dassterling Farm Research & Services Dy. Commissioner Of Income Tax-1 Pvt. Ltd. Kochi 29/2469 C2, Sterling House Vs. Pettah, Poonithura S.O. Ernakulam 682038 [Pan:Aadcs3199J] (Appellant) (Respondent)

For Appellant: Shri Raja Kannan, AdvocateFor Respondent: Shri Sanjit Kumar Das, CIT-DR
Section 142(1)Section 143(3)Section 263Section 50Section 50B

capital gain being assessable as a short-term capital gain (STCG) shall apply instead of sec.50B

ELIZABETH JOSE,ERNAKULAM vs. DCIT, CORPORATE CIRCLE 1(1), ERNAKULAM

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

ITA 522/COCH/2025[2016-17]Status: DisposedITAT Cochin11 Aug 2025AY 2016-17

Bench: Shri Inturi Rama Rao, Am Assessment Year: 2016-17 Elizbeth Jose .......... Appellant Choice House, P.V. Sreedharan Road Kumbalam, Ernakulam 682506 [Pan: Acfpj2569J] Vs. Dcit, Corporate Circle - 1(1), Kochi .......... Respondent Assessee By: ------- None ------- Revenue By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 06.08.2025 Date Of Pronouncement: 11.08.2025 O R D E R This Appeal Filed By The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi [Cit(A)] Dated 12.06.2025 For Assessment Year (Ay) 2016-17. 2. Brief Facts Of The Case Are That The Appellant Is An Individual. The Return Of Income For Ay 2016-17 Was Filed On 03.08 Disclosing Total Income Of Rs. 14,71,400/- & Unabsorbed Short Term Capital Loss Of Rs. 35,89,251/-. Against The Said Return Of Income, The Assessment Was Completed By The National Faceless Assessment Centre (Hereinafter Called "The Ao") Vide Order Dated 18.12.2018 Passed U/S. 143(3) Of The Income Tax Act, 1961 (The Act) Accepting

For Appellant: ------- None -------For Respondent: Smt. Leena Lal, Sr. D.R
Section 143(3)Section 147Section 148Section 2(47)

short term capital gain of Rs. 48,05,504/- was brought to tax. The AO further held that

THE ACIT, ERNAKULAM vs. M/S.HOLIDAY MARKETING P. LTD, COCHIN

In the result, appeal filed by the revenue is dismissed

ITA 32/COCH/2017[2008-09]Status: DisposedITAT Cochin02 Jan 2023AY 2008-09

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S

For Appellant: Shri. Joseph Markose, Sr. AdvocateFor Respondent: Smt. Jamuna Devi, Sr. AR
Section 132Section 133ASection 148

short term capital gains holding that the Department did not have corroborative evidence to back the narration found

DCIT CIRCLE 1(1) & TPS, THRISSUR, THRISSUR vs. KONUPARAMBAN OUSEPH ITTOOP, POTTA CHALAKKUDY

In the result appeal filed by the Revenue stands dismissed

ITA 257/COCH/2025[2013]Status: DisposedITAT Cochin15 Jul 2025

Bench: Shri Inturi Rama Rao, Am & Sonjoy Sarma, Jm Assessment Year:2013-14 Konuparamban Ouseph Ittoop .......... Appellant Potta, Thrissur – 680722. Pan: Aacpi9545G Vs. Dcit .......... Respondent Thrissur. Assessment Year:2013-14

For Appellant: Shri Sathish John Kanichai, CAFor Respondent: Smt. Leena Lal, Sr. D.R
Section 263

Short Term Capital Gains by giving credit of Rs. 20 lakhs being additional income disclosed by the assessee

VISWANATHAN KRISHNAKUMAR,ALUVA vs. INCOME TAX OFFICER, ALUVA

In the result, the appeal of the assessee bearing ITA No

ITA 606/COCH/2025[2015-16]Status: DisposedITAT Cochin24 Nov 2025AY 2015-16

Bench: the Ld. CIT(A). The Ld.CIT(A) partly allowed the appeal filed by the assessee. Being aggrieved, the assessee has filed the appeal before the Tribunal.

For Appellant: Shri Anil Kumar P J, AdvFor Respondent: Smt. Leena Lal. Snr AR
Section 147Section 148Section 24Section 250Section 54FSection 80C

Short Term Capital gains Rs.16,88,000/- The aggrieved assessee filed an appeal before the Ld. CIT(A). The Ld.CIT