AYYANTHOLE PANCHAYATH SERVICE COOPERATIVE BANK LIMITED 471,KARIYATTUKARA vs. INCOME TAX OFFICER WARD 2(1), THRISSUR

In the result, the appeals filed by the assessee stand allowed

198 & 209/COCH/2025\n Assessment Years: 2017-18, 2018-19& 2020-21\nAyyanthole Panchayath Service Cooperative Bank Ltd.......................Appellant\nKariyattukara P.O.,\nKerala - 680611\n[PAN:AACAA3641G]\nITO, Ward-2(1), Thrissur..................................................................Respondent\nAppearances by:\nShri Alan P Dev, Advocate, appeared on behalf of the assessee.\nSmt. Leena Lal, SNR AR, appeared on behalf of the Revenue.\nDate of concluding the hearing

AYYANTHOLE PANCHAYATH SERVICE COOPERATIVE BANK LIMITED 471,KARIYATTUKARA vs. INCOME TAX OFFICER WARD 2(1), THRISSUR

In the result, the appeals filed by the assessee stand allowed

198 & 209/COCH/2025\n Assessment Years: 2017-18, 2018-19& 2020-21\nAyyanthole Panchayath Service Cooperative Bank Ltd.......................Appellant\nKariyattukara P.O.,\nKerala - 680611\n[PAN:AACAA3641G]\nITO, Ward-2(1), Thrissur.\nvs.\n.Respondent\nAppearances by:\nShri Alan P Dev, Advocate, appeared on behalf of the assessee.\nSmt. Leena Lal, SNR AR, appeared on behalf of the Revenue.\nDate of concluding

AYYANTHOLE PANCHAYATH SERVICE COOPERATIVE BANK LIMITED 471,KARIYATTUKARA vs. INCOME TAX OFFICER WARD 2(1), THRISSUR

In the result, the appeals filed by the assessee stand allowed

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

delay in all three cases is condoned, and the appeals are admitted for adjudication on merits. 3. The core issue across all the appeals relates to the disallowance of deduction claimed under Section 80P of the Income-tax Act, 1961. We take ITA No.208/Coch/2025 as lead case for narration of facts. I.T.A. Nos.208, 198

V GUARD INDUSTRIES LIMITED,VENNALA vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX-1, KOCHI

In the result, the assessee’s appeal is partly allowed

Bench: Shri Sanjay Arora & Shri Sandeep Gosainv-Guard Industries Ltd. Principal Cit-1, 42/962, Vennala High School C R Building, I S Press Road, Vs. Road, Vennala, Kochi 682018 Ernakulam 682028 [Pan: Aaacv5492Q] (Appellant) (Respondent) Appellant By: Shri Anil D. Nair, Advocate Respondent By: Shri Prashant V.K., Cit-Dr Date Of Hearing: 01.02.2023 Date Of Pronouncement: 20.03.2023 O R D E R Per: Bench This Is An Appeal By The Assessee Challenging The Revision Of It’S Assessment Under Section 143(3) Of The Income Tax Act, 1961 (‘The Act’ Hereinafter) Dated 28/12/2018 For Assessment Year (Ay) 2016-17 By The Principal Commissioner Of Income Tax-1, Kochi (‘Pr. Cit’ For Short) Vide Order U/S. 263 Dated 22/03/2021. 2. The Appeal, Filed On 08/03/2022, Though Delayed By 256 Days, Was Admitted In View Of The Blanket Condonation By The Apex Court In Suo Motu Wp(C) No.3/2020, Dated 10/01/2022, Excluding The Period From 15/3/2020 To 28/02/2022 In Reckoning The Delay In Computing Limitation Under Law & The Hearing Accordingly Proceeded With. The Assessee Is A Company Manufacturing Electrical Cables, Pumps, Solar Water Heaters, Etc. & Trading In Electrical & Electronic Goods. Revision Of It’S Impugned Assessment Is On Several Issues On Which The Revisionary Authority Found An Absence Or Lack Of Enquiry By The Assessing Officer

condonation by the Apex Court in Suo Motu WP(C) No.3/2020, dated 10/01/2022, excluding the period from 15/3/2020 to 28/02/2022 in reckoning the delay in computing limitation under law, and the hearing accordingly proceeded with. The assessee is a company manufacturing electrical cables, pumps, solar water heaters, etc., and trading in electrical and electronic goods. Revision of it’s impugned