SHAFI MUSALIAR SAINALABDEEN MUSALIAR,KOLLAM vs. ITO, WARD 2, KOLLAM

In the result, the appeal of the assessee is allowed and the stay application is dismissed as infructuous

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

delay is condoned, and the appeal is admitted for adjudication on merits. 3. Brief facts of the case are that the assessee, late Shafi Musaliar Sainalabdeen Musaliar (“the deceased”), was engaged in the business of trading in cashew and cashew products in the name of Safi Cashew Industries, Kollam, Kerala, including local purchases/sales, inter-State transactions, import and export

ALZARAFA TRAVEL & MANPOWER CONSULTANTS (P) LTD,ERNAKULAM vs. ACIT, CENTRAL CIRCLE-2, , KOCHI

Accordingly, the Assessment Order, dated 05/03/2024, for the Assessment Year 2015-2016 is quashed. Accordingly, Additional Ground No. 1.1 raised by the Assessee vide Letter dated 15/08/2025 is allowed

section 292B of the Income Tax Act.* *2. The Commissioner of Income Tax (Appeals) has erred in upholding the assessment of the gross receipts as income without allowing 12% of gross receipts as income which was allowed by the Commissioner of Income Tax (Appeals) in the first round of appeal which was accepted by the Department by not filing second