NEW HIGHER SECONDARY SCHOOL,TRIVANDRUM vs. DCIT, TRIVANDRUM

In the result, the appeals by the assessee are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Das

section 234E of the Income Tax Act, 1961 (the Act) on the processing of it’s tax returns, one each for the four quarters of fy 2014-15, u/s.200A of the Act, by the National Faceless Appeal Centre, Delhi (NFAC), vide separate orders dated 21.9.2022. The appeals raising the same issue, were heard together, and are accordingly being disposed

NEW HIGHER SECONDARY SCHOOL ,TRIVANDRUM vs. DCIT , TRIVANDRUM

In the result, the appeals by the assessee are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Das

section 234E of the Income Tax Act, 1961 (the Act) on the processing of it’s tax returns, one each for the four quarters of fy 2014-15, u/s.200A of the Act, by the National Faceless Appeal Centre, Delhi (NFAC), vide separate orders dated 21.9.2022. The appeals raising the same issue, were heard together, and are accordingly being disposed

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

P. SURENDRAN,TRIVANDRUM vs. ACIT CIRCLE 1(2), TRIVANDRUM

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

Bench: Shri Sanjay Arora, Am & Ms. Kavitha Rajagopal, Jm P. Surendran Sukanya Bhavan Asst. Cit-1(2) Vadayakkadu, Kunnukuzhy, P.O., Thiruvananthapuram Vs. Thiruvananthapuram-695 035

Delay condoned. 4. The brief facts are that the assessee is an individual and had filed his return of income on 30.11.2014, declaring total income at Rs.1,75,34,220/-. The assessee’s case was selected for scrutiny and notice u/s. 143(2) and 142(1) of the Act were duly issued and served upon by the assessee

VADAKKEVILA SERVICE CO OPERATIVE BANK LTD,KOLLAM vs. INCOME-TAX OFFICE, WARD 2, KOLLAM

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

Bench: Shri Inturi Rama Rao, Am

67 (Ker) (FB) issued a notice u/s. Vadakkevila Service Co-op. Bank Ltd. 154 of the Act proposing to rectify the order passed by him in view of the above decision in the absence of any objection filed by the appellant. The learned CIT(A) rectified the order by withdrawing the deduction claimed

VADAKKEVILA SERVICE CO OPERATIVE BANK LTD,KOLLAM vs. INCOME-TAX OFFICE, WARD 2, KOLLAM

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

Bench: Shri Inturi Rama Rao, Am

67 (Ker) (FB) issued a notice u/s. Vadakkevila Service Co-op. Bank Ltd. 154 of the Act proposing to rectify the order passed by him in view of the above decision in the absence of any objection filed by the appellant. The learned CIT(A) rectified the order by withdrawing the deduction claimed

VADAKKEVILA SERVICE CO OPERATIVE BANK LTD,KOLLAM vs. INCOME-TAX OFFICE, WARD 2, KOLLAM

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

Bench: Shri Inturi Rama Rao, Am

67 (Ker) (FB) issued a notice u/s. Vadakkevila Service Co-op. Bank Ltd. 154 of the Act proposing to rectify the order passed by him in view of the above decision in the absence of any objection filed by the appellant. The learned CIT(A) rectified the order by withdrawing the deduction claimed

VADAKKEVILA SERVICE CO OPERATIVE BANK LTD,KOLLAM vs. INCOME-TAX OFFICE, WARD 2, KOLLAM

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

Bench: Shri Inturi Rama Rao, Am

67 (Ker) (FB) issued a notice u/s. Vadakkevila Service Co-op. Bank Ltd. 154 of the Act proposing to rectify the order passed by him in view of the above decision in the absence of any objection filed by the appellant. The learned CIT(A) rectified the order by withdrawing the deduction claimed

VADAKKEVILA SERVICE CO OPERATIVE BANK LTD,KOLLAM vs. INCOME-TAX OFFICE, WARD 2, KOLLAM

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

Bench: Shri Inturi Rama Rao, Am

67 (Ker) (FB) issued a notice u/s. Vadakkevila Service Co-op. Bank Ltd. 154 of the Act proposing to rectify the order passed by him in view of the above decision in the absence of any objection filed by the appellant. The learned CIT(A) rectified the order by withdrawing the deduction claimed

THE ITO,, ALAPPUZHA vs. M/S.EXTRAWEAVE P. LTD, ALAPPUZHA

In the result, the appeal filed by the Revenue is partly allowed

Bench: Shri George George K. & Shri Laxmi Prasad Sahum/S. Extraweave Pvt. Ltd. Arattukulangara Complex 264B/Cmc 1 Vs. A.N. Puram, Alapuzha 688011 Sakteeswara Junction Cherthala 688524 Pan – Aabce5438L Appellant Respondent

67,280/-. In this regard the assessee submitted that there was a deemed export represents third party export made to M/s. Wilton Weavers Pvt. Ltd. as per para 9.62 of the Import Export Policy. It was a sister concern of the assessee and it has exported the goods and the sale proceeds was received by M/s. Wilton Weavers

SHRI VISHWAMBHARAN BHASKARAN,TRIVANDRUM vs. THE DCIT ( INTERNATIONAL TAXATION), TRIVANDRUM

Appeal is partly allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhviswambharan Bhaskaran Dcit (International Taxation) Tc 2/2094/10, Viswam Towers Trivandrum Adarsh Nagar, Pattom P.O. Vs. Trivandrum 695004 [Pan: Arbpb8095J] (Appellant) (Respondent)

section 68 unexplained cash credit addition of Rs. 30,90,800/- in the course of assessment herein dated 25.11.2016 as upheld in the lower appellate order. 2 Viswambharan Bhaskaran 3. We note with the able assistance coming from the Revenue side that the learned Assessing Officer’s computation in para 2.8 has duly considered the assessee’s sales proceeds derived

M/S THURAYUR SERVICE CO -OP BANK LTD,KOZHIKODE vs. THE ITO WARD 2(1), KOZHIKODE

In the result, the appeals filed by the appellant are allowed and the order(s) of the Kerala High Court and other authorities to the contrary are set aside

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

67,085/-, inter alia, treating it as co-operative Thurayur SCB Limited. bank and also for the reason that the corresponding loans to the extent of 25% only had been advanced to agricultural sector, as the case may be. 3. We have given thoughtful consideration to the Revenue’s foregoing objection to the assessee’s section 80P deduction claime

M/S THURAYUR SERVICE CO -OP BANK LTD,KOZHIKODE vs. THE ITO WARD 2(1), KOZHIKODE

In the result, the appeals filed by the appellant are allowed and the order(s) of the Kerala High Court and other authorities to the contrary are set aside

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

67,085/-, inter alia, treating it as co-operative Thurayur SCB Limited. bank and also for the reason that the corresponding loans to the extent of 25% only had been advanced to agricultural sector, as the case may be. 3. We have given thoughtful consideration to the Revenue’s foregoing objection to the assessee’s section 80P deduction claime

THE ADHYAPAKA C-O-PBANK LTD , PATHANAMTHITTA vs. ITO, WARD 4, THIRUVALLA, THIRUVALLA

Bench: Shri George Mathan, Jm & Shri B.R. Baskaran, Am The Adhyapaka Cooperative D.C.I.T., Cpc Bank Ltd, No. A 300 Bangalore Vs. Puthussery P.O., Kallooppara Pathanamthtta 689602 Pan – Aaaat6387Q Appellant Respondent

delay in filing of the return has been condoned and the return has been treated as a return filed under Section 139(1) of the Act. Further the issue in the appeal is highly debatable issue and the Hon'ble Supreme Court in the case of The Mavilayi Service Co-operative Bank Ltd. reported in 414 ITR 67

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

section 147 r.w.s. 143(3) of the Income-tax Act, 1961 (hereinafter ‘the Act’) dated 18.3.2015 and 29.3.2014 for assessment year (AY) 2007-2008, respectively. The background facts of both the cases being same, these are heard together, and are being disposed of pera common, consolidated order for the sake of convenience. ITA Nos.870& 884 /Coch/2022 (AY 2007-08) Ajit

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

section 147 r.w.s. 143(3) of the Income-tax Act, 1961 (hereinafter ‘the Act’) dated 18.3.2015 and 29.3.2014 for assessment year (AY) 2007-2008, respectively. The background facts of both the cases being same, these are heard together, and are being disposed of pera common, consolidated order for the sake of convenience. ITA Nos.870& 884 /Coch/2022 (AY 2007-08) Ajit