THE ACIT, TRIVANDRUM vs. M/S. MANOHAR HILL CHARITABLE TRUST, KOTTAYAM

In the result, the appeals of the Revenue are allowed for statistical

Bench: Shri George George K.

depreciation brought forward from earlier years, as the assessee was enjoying exemption u/s. 12AA until AY 2005-06 for which

THE ACIT, TRIVANDRUM vs. M/S. MANOHAR HILL CHARITABLE TRUST, KOTTAYAM

In the result, the appeals of the Revenue are allowed for statistical

Bench: Shri George George K.

depreciation brought forward from earlier years, as the assessee was enjoying exemption u/s. 12AA until AY 2005-06 for which

THE ACIT, TRIVANDRUM vs. M/S. MANOHAR HILL CHARITABLE TRUST, KOTTAYAM

In the result, the appeals of the Revenue are allowed for statistical

Bench: Shri George George K.

depreciation brought forward from earlier years, as the assessee was enjoying exemption u/s. 12AA until AY 2005-06 for which

INFOPARKS KERALA,COCHIN vs. THE ACIT, COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

depreciation, themselves, in holding the assessee-respondent as not entitled to exemption u/s.10(23C)(vi) of the Act. 4.7 In view

INFOPARKS KERALA,TRIVANDRUM vs. THE JT DIRECTOR OF IT (OSD) EXEM), COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

depreciation, themselves, in holding the assessee-respondent as not entitled to exemption u/s.10(23C)(vi) of the Act. 4.7 In view

INFOPARKS KERALA,TRIVANDRUM vs. THE JT DIRECTOR OF IT (OSD) EXEM), COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

depreciation, themselves, in holding the assessee-respondent as not entitled to exemption u/s.10(23C)(vi) of the Act. 4.7 In view

M/S.ABAD FISHERIES,COCHIN vs. THE ACIT, CORPCIR-1(1), KOCHI, KOCHI

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

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

depreciation. Even with reference to the finding of the Kerala High Court regarding the exemption u/s.10B, the Commissioner has observed

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

Depreciation 3,36,17,037 2,98,15,179 38,01,858 Business loss 40,37,633 10,08,807 30,28,826 Total 3,76,54,670 3,08,23,986 68,30,684 9 M/s. Extraweave Pvt. Ltd. In this regard the assessee submitted that the profit from the exempted

CHERIAN VARKEY CONSTRUCTION CO.(P) LTD,COCHIN vs. THE ACIT, COCHIN

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

Bench: Shri George George K, Jm & Shri Laxmi Prasad Sahu, Am

depreciation under Section 32(1)(iia) for the plant and machinery used in the manufacturing activity being the production of RMC. We leave the question, whether the exemption

M/S.TRIVANDRUM CLUB,TRIVANDRUM vs. THE ASSISTANT DIRECTOR OF INCOMETAX( EXEMPTION), TRIVANDRUM

In the result, the appeal of the assessee is allowed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

exempt 13,75,041 Gross total income 13,75,041 Less: Direct expenses allowed in the order dated 3,12,795 22/03/2002 Indirect expenses/ common expenses @10% 4,55,784 Depreciation

CARMEL CONVENT ,THIRUVANANTHAPURAM vs. ITO EXEMPTION WARD, TRIVANDRAM, THIRUVANANTHAPURAM

In the result, the assessee’s appeal is partly allowed and partly allowed for statistical purposes, and it’s stay petition is dismissed

Bench: Shri Sanjay Arora & Dr. Seethalakshmi

exemption u/s. 11(1)(a), i.e., on account of application of income, accordingly, at Rs.54.22 lakhs. The assessee, before the ld. CIT(A) objects thereto, stating as: (a) though depreciation

APTIV CONNECTION SYSTEMS INDIA PRIVATE LIMITED,KOCHI, KERALA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 1(1) KOCHI, KOCHI, KERALA

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K

exemption u/s 10AA of the Act. 6. Likewise, the ITAT also observed that the claimed u/s 10A of the Act of an eligible unit shall not be allowed to be carried forward like the loss or depreciation

APTIV CONNECTION SYSTEMS INDIA PRIVATE LIMITED,KOCHI, KERALA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 1(1), KOCHI, ERNAKULAM

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K

exemption u/s 10AA of the Act. 6. Likewise, the ITAT also observed that the claimed u/s 10A of the Act of an eligible unit shall not be allowed to be carried forward like the loss or depreciation

M/S.MUTHOOTT MINI FINANCIERS P. LTD,KOZHENCHERRY vs. THE DCIT, CEN-CIRCLE-2,, ERNAKULAM

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

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

exempt income would be aggregate of the following: ……………………….” 2.2 At the time of hearing, the Ld. AR submitted that he did not wish to press the above additional ground and accordingly, made an endorsement to this effect. Acceding to the request of the Ld. AR, the additional ground of the assessee is dismissed as not pressed. 3. The first common

M/S.MUTHOOTT MINI FINANCIERS P. LTD,KOZHENCHERRY vs. THE DCIT, CEN-CIRCLE-2,, ERNAKULAM

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

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

exempt income would be aggregate of the following: ……………………….” 2.2 At the time of hearing, the Ld. AR submitted that he did not wish to press the above additional ground and accordingly, made an endorsement to this effect. Acceding to the request of the Ld. AR, the additional ground of the assessee is dismissed as not pressed. 3. The first common

M/S.MUTHOOTT MINI FINANCIERS P. LTD,KOZHENCHERRY vs. THE DCIT, CEN-CIRCLE-2,, ERNAKULAM

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

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

exempt income would be aggregate of the following: ……………………….” 2.2 At the time of hearing, the Ld. AR submitted that he did not wish to press the above additional ground and accordingly, made an endorsement to this effect. Acceding to the request of the Ld. AR, the additional ground of the assessee is dismissed as not pressed. 3. The first common

M/S.MARYMATHA SCHOOL TRUST,COCHIN vs. THE ITO(EXEMPTION), COCHIN

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

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.285/Coch/2017 Assessment Year : 2012-13 M/S. Mary Matha School Trust, Vs. The Income Tax Officer Thrikkakara P.O. (Exemption), Kochi. Kochi-682 021. [Pan:Aabtm 0241L]

Exemptions), Kochi dated 10/02/2017 and pertains to assessment year 2012-13. 2. There was a delay of 24 days in filing the appeal before the Tribunal. The assessee has filed condonation petition accompanied by an affidavit stating that the office bearers of the Trust were fully engaged in the activities of the school in connection with the final examination

THE DCIT, COCHIN vs. M.S COCHIN INTERNATIONAL AIRPORT LTD, COCHIN

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

exempt income in the relevant previous year(s) which is nowhere disputed in the corresponding substantive grounds. We conclude in these facts that once the assessee had already proved to have utilized it’s interest free funds, Cochin International Airport Ltd. no proportionate interest could be disallowed in sec.14A read with Rule-8D as per above judicial precedents. Rejected accordingly