THE KUNDARA PANCHAYATH SERVICE COOPERATIVE BANK LTD,KOLLAM vs. INCOME TAX OFFICER, WARD-4, KOLLAM

In the result, appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

delay is condoned and the appeal is admitted for adjudication. 6. The assesse is a credit co-operative society registered under Kerala Co-operative Societies Act 1969. For the AY 2012-13 the assesse filed its return of income on 9.11.2019. As per the return the taxable income was Nil after claiming deduction

THE KUNDARA PANCHAYATH SERVICE COOPERATIVE BANK LTD,KOLLAM vs. INCOME TAX OFFICER, WARD 4, KOLLAM

In the result, appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

delay is condoned and the appeal is admitted for adjudication. 6. The assesse is a credit co-operative society registered under Kerala Co-operative Societies Act 1969. For the AY 2012-13 the assesse filed its return of income on 9.11.2019. As per the return the taxable income was Nil after claiming deduction

THE KUNDARA PANCHAYATH SERVICE COOPERATIVE BANK LTD,KOLLAM vs. INCOME TAX OFFICER, WARD 4, KOLLAM

In the result, appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

delay is condoned and the appeal is admitted for adjudication. 6. The assesse is a credit co-operative society registered under Kerala Co-operative Societies Act 1969. For the AY 2012-13 the assesse filed its return of income on 9.11.2019. As per the return the taxable income was Nil after claiming deduction

THRISSUR DISTRICT POLICE CO OPERATIVE SOCIETY LTD,THRISSUR vs. INCOME TAX OFFICER, THRISSUR

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

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

condoning the delay of 96 days in filing both these appeals before this Tribunal and accordinglywe admit the same for adjudication. 4. Thebrief fact of the case are that the Assesseebeing an employees' co-operative society formed for the welfare of employees of Kerala Police department of Thrissur District and is registered under Kerala Co-operative Societies Act, 1969.The Assessee

THRISSUR DISTRICT POLICE CO OPERATIVE SOCIETY LTD,THRISSUR vs. INCOME TAX OFFICER, THRISSUR

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

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

condoning the delay of 96 days in filing both these appeals before this Tribunal and accordinglywe admit the same for adjudication. 4. Thebrief fact of the case are that the Assesseebeing an employees' co-operative society formed for the welfare of employees of Kerala Police department of Thrissur District and is registered under Kerala Co-operative Societies Act, 1969.The Assessee

M/S ROYAL INDIAN HOLDINGS LIMITED,KOCHI vs. INCOME TAX OFFICER CORPORATE WARD 2(2), KOCHI

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri George George K. & Ms. Padmavathy S.Assessment Year : 2012-13

condoning the delay of 155 days in filing the appeal before the CIT(A). 3. The assessee is a limited company engaged in the business of travel agent and tour operators. The assessee filed return of income

BEAVER ESTATES PRIVATE LIMITED,KOCHI vs. ASSISTANT COMMISSIONER OF INCOME TAX , CORPORATE RANGE 1, KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhgood Homes Pvt. Ltd. Acit, Corporate Range-1 3Rd Floor, Puthuran Plaza C.R. Building, Is Press Road Mg Road, Kpcc Junction Vs. Kochi 682018 Ernakulam 682011 [Pan: Aabcg0444L] (Appellant) (Respondent) Beaver Estates Pvt. Ltd Acit, Corporate Range-1 Asian School Of Architecture C.R. Building, Is Press Road & Design Innovation Kochi 682018 Vs. Silversand Island, Vytila Road Ernakulam 682019 [Pan: Aadcb0193M] (Appellant) (Respondent)

business income and, accordingly, is to be computed in accordance with the relevant provisions which, as observed, have been highlighted. The AO shall, where and to the extent contested, issue definite findings on each of the computational aspects, including ERF, and assess the total income in accordance with law after affording reasonable opportunity of hearing and to present

GOOD HOMES PRIVATE LIMITED,KOCHI vs. ASST COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhgood Homes Pvt. Ltd. Acit, Corporate Range-1 3Rd Floor, Puthuran Plaza C.R. Building, Is Press Road Mg Road, Kpcc Junction Vs. Kochi 682018 Ernakulam 682011 [Pan: Aabcg0444L] (Appellant) (Respondent) Beaver Estates Pvt. Ltd Acit, Corporate Range-1 Asian School Of Architecture C.R. Building, Is Press Road & Design Innovation Kochi 682018 Vs. Silversand Island, Vytila Road Ernakulam 682019 [Pan: Aadcb0193M] (Appellant) (Respondent)

business income and, accordingly, is to be computed in accordance with the relevant provisions which, as observed, have been highlighted. The AO shall, where and to the extent contested, issue definite findings on each of the computational aspects, including ERF, and assess the total income in accordance with law after affording reasonable opportunity of hearing and to present

THE VELLATHOOVAL SERVICE CO-OPERATIVE BANK LTD,IDUKKI vs. ITO, WARD 1 & TPS, THODUPUZHA

In the result, appeal filed by the assessee stands dismissed

Bench: Shri George George K., Vp & Shri Inturi Rama Rao, Am

business of accepting deposits from members and providing credit facilities to members. The return of income for AY 2019-20 was filed on 17.03.2020 disclosing Nil income after claiming deduction 2 Vellathooval Service Co-op. Bank Ltd. u/s. 80P of the Act of Rs. 60,48,915/-. The said return of income was processed

EDAVILANGU SERVICE CO-OPERATIVE BANK LTD NO 3468,THRISSUR vs. ITO, WARD-2(1), THRISSUR

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Inturi Rama Rao & Shri Soundararajan K.

business income. Therefore in interest which is being offered and assessed under the head "income from Other Sources" ought not have considered for calculate "gross receipts". Hence, there is illegality made in the assessment order, by adding income from investments to "gross receipts", which is not permissible. So, the present assessment order and commutation of income

EDAVILANGU SERVICE CO-OPERATIVE BANK NO 3468,THRISSUR vs. ITO, WARD-2(1), THRISSUR

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Inturi Rama Rao & Shri Soundararajan K.

business income. Therefore in interest which is being offered and assessed under the head "income from Other Sources" ought not have considered for calculate "gross receipts". Hence, there is illegality made in the assessment order, by adding income from investments to "gross receipts", which is not permissible. So, the present assessment order and commutation of income

M/S THE KASARAGOD TODDY TAPPERS AND SHOP WORKERS CO-OP SOCIETY LTD,KASARGOD vs. ITO WARD 1, KASARGOD

In the result, the appeals by the assessee are dismissed as not maintainable

Bench: Shri Sanjay Arora & Shri Aby T.Varkey

condoning the delay of 1855 days. We decide accordingly. ITA Nos. 908 & 909/Coch/2022 (AYs: 2010-11& 11-12) Kasaragod Toddy Tappers and Shop Workers Co-operative Society Ltd.v. ITOO 5. The ld. CIT(A), however, without prejudice, and in the alternative, has discussed the appeal on merits as well.It is, in view of our decisionconfirming his order/s holding the appeal/sbefore

M/S THE KASARAGOD TODDY TAPPERS AND SHOP WORKERS CO-OP SOCIETY LTD,KASARGOD vs. ITO WARD -1, KASARGOD

In the result, the appeals by the assessee are dismissed as not maintainable

Bench: Shri Sanjay Arora & Shri Aby T.Varkey

condoning the delay of 1855 days. We decide accordingly. ITA Nos. 908 & 909/Coch/2022 (AYs: 2010-11& 11-12) Kasaragod Toddy Tappers and Shop Workers Co-operative Society Ltd.v. ITOO 5. The ld. CIT(A), however, without prejudice, and in the alternative, has discussed the appeal on merits as well.It is, in view of our decisionconfirming his order/s holding the appeal/sbefore

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

condone the delay,and admit the appeal. Ajit Associates (P.) Ltd. (AAPL) 3. The assessee-company, in the business of real estate development, purchased lands in an Island along with two group companies, i.e., Beaver Estate Private Limited (BEPL) and Good Homes Private Limited (GHPL), with a view to develop the Island as per the master plan, and sell

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

condone the delay,and admit the appeal. Ajit Associates (P.) Ltd. (AAPL) 3. The assessee-company, in the business of real estate development, purchased lands in an Island along with two group companies, i.e., Beaver Estate Private Limited (BEPL) and Good Homes Private Limited (GHPL), with a view to develop the Island as per the master plan, and sell

MULIYAR AGRICULTURIST WELFARE CO-OPERATIVE SOCIETY LTD,KASARGOD vs. THE ITO WARD 1 & TPS, KASARGOD

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

Bench: Shri Inturi Rama Rao, Am Assessment Year: 2017-18 Muliyar Agriculturist Welfare .......... Appellant Co-Operative Society Ltd. 374, Bovikanam Post, Muliyar, Kasaragod [Pan: Aafam1658Q] Vs. The Income Tax Officer .......... Respondent Ward - 1 & Tps, Kasaragod

business of providing credit facility to the members. The return of income for AY 2017-18 was filed on 25.07.2018 declaring Nil income after claiming deduction under the provisions of section 80P 2 Muliyar Agriculturist Welfare Co-op. Society Ltd. of the Income Tax Act, 1961 (the Act). Against the said return of income, the assessment was completed

PAIRPRA SERVICE CO-OPERATIVE BANK LTD,ERNAKULAM vs. ITO, WARD-1 & TPS, THODUPUZHA

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

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm Assessment Year: 2021-22 Paipra Service Co-Op. Bank Ltd. .......... Appellant 11/266, Manary P.O., Ernakulam 686673 [Pan: Aaaap7650E] Vs. The Income Tax Officer, Ward-1 & Tps .......... Respondent Thodupuzha Appellant By: Ms. Swathy S., Advocate Respondent By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 28.05.2025 Date Of Pronouncement: 23.06.2025

business of providing credit facilities to its members. The return of income for AY 2021-22 was filed on 2 Paipra Service Co-op. Bank Ltd. 14.03.2022 disclosing income of Rs. 59,800/- after claiming deduction u/s. 80P(2)(a)(i) of the Income Tax Act, 1961 (the Act) of Rs. 1,13,68,960/-. Against the said return

KOZHIKODE NAGARAM VANITHA SAHAKARANA SANGAM LTD,KOZHIKODE vs. ITO, WARD 1(2), KOZHIKODE

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

Bench: Shri Inturi Rama Rao, Am Assessment Year: 2017-18 Kozhikode Nagaram Vanitha Sahakarana .......... Appellant Sangam Ltd. 18/151 D, Palayam Rahmatha Building Kallai Road Chalappuram P.O., Kozhikode 673002 [Pan: Aadak4509N] Vs. The Income Tax Officer, Ward-1(2), Kozhikode .......... Respondent

business of accepting deposits from its members and lending to its members. The return of income for AY 2017-18 was filed on 18.01.2018 declaring Nil income after claiming deduction u/s. 80P(2)(1)(a) of the Income Tax Act, 1961 2 Kozhikode Nagaram Vanitha Sahakarana Sangam Ltd. (the Act). Against the said return of income, the assessment was completed