M/S ASPINWALL & CO.,LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

14A(1). In case, the Assessing Officer is not, on the basis of the objective criteria and after giving the assessee a reasonable opportunity, satisfied with the correctness of the claim of the assessee, he shall have to reject the claim and state the reasons for doing so. Having done so, the Assessing Officer will have to determine the amount

THE DCIT, COCHIN vs. M/S.ASPINWALL & CO. LTD, COCHIN

In the result,the appeal of the Revenue in ITA No

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

14A(1). In case, the Assessing Officer is not, on the basis of the objective criteria and after giving the assessee a reasonable opportunity, satisfied with the correctness of the claim of the assessee, he shall have to reject the claim and state the reasons for doing so. Having done so, the Assessing Officer will have to determine the amount

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. DCIT, THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1)(vii) deduction on long term housing loans granted to various customers. Suffice to say, the same appears to be a recurring issue between the parties wherein this tribunal’s learned coordinate bench in earlier order dated 22.03.2019 had rejected the assessee’s very contention(s). The assessee thereafter filed its appeal

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. JCIT, RANGE-1, THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1)(vii) deduction on long term housing loans granted to various customers. Suffice to say, the same appears to be a recurring issue between the parties wherein this tribunal’s learned coordinate bench in earlier order dated 22.03.2019 had rejected the assessee’s very contention(s). The assessee thereafter filed its appeal

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. ACIT, CIRCLE 1(1)& TPS, THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1)(vii) deduction on long term housing loans granted to various customers. Suffice to say, the same appears to be a recurring issue between the parties wherein this tribunal’s learned coordinate bench in earlier order dated 22.03.2019 had rejected the assessee’s very contention(s). The assessee thereafter filed its appeal

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. JCIT, CIRCLE-1(1), THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1)(vii) deduction on long term housing loans granted to various customers. Suffice to say, the same appears to be a recurring issue between the parties wherein this tribunal’s learned coordinate bench in earlier order dated 22.03.2019 had rejected the assessee’s very contention(s). The assessee thereafter filed its appeal

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. ACIT, CIRCLE-1(1), THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1)(vii) deduction on long term housing loans granted to various customers. Suffice to say, the same appears to be a recurring issue between the parties wherein this tribunal’s learned coordinate bench in earlier order dated 22.03.2019 had rejected the assessee’s very contention(s). The assessee thereafter filed its appeal

THE SOUTH INDIAN BANK LIMITED ,THRISSUR vs. ACIT, CIRCLE 1(1), THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1)(vii) deduction on long term housing loans granted to various customers. Suffice to say, the same appears to be a recurring issue between the parties wherein this tribunal’s learned coordinate bench in earlier order dated 22.03.2019 had rejected the assessee’s very contention(s). The assessee thereafter filed its appeal

THE ACIT CIR-1(1), THRISSUR vs. SOUTH INDIAN BANK LTD, THRISSUR

In the result, both the appeal filed by the assessee as well as the appeal filed

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

14A should be made under Rule 8D by the A.O. In the impugned assessment year, i.e., 2009-2010, the CIT(A) has rightly upheld the order of the A.O. by following the judgment of the Hon’ble jurisdictional High Court, in assessee's own case. The learned Counsel for the assessee fairly conceded that this issue is covered against

SOUTH INDIAN BANK LTD,THRISSUR vs. THE ACIT CIR-1(1), THRISSUR

In the result, both the appeal filed by the assessee as well as the appeal filed

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

14A should be made under Rule 8D by the A.O. In the impugned assessment year, i.e., 2009-2010, the CIT(A) has rightly upheld the order of the A.O. by following the judgment of the Hon’ble jurisdictional High Court, in assessee's own case. The learned Counsel for the assessee fairly conceded that this issue is covered against

THEDCIT, COCHIN vs. M.S COCHIN INTERNATIONAL AIRPORT LTD, COCHIN

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1) of the Act would mean "actual expenditure incurred, held that no disallowance could be made under the said Section when no expenditure had 'actually' been incurred by the assessee in relation to the earning of the exempt income. Attention is also invited to the decision of the Hon'ble Punjab & Haryana High Court in the case

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1) of the Act would mean "actual expenditure incurred, held that no disallowance could be made under the said Section when no expenditure had 'actually' been incurred by the assessee in relation to the earning of the exempt income. Attention is also invited to the decision of the Hon'ble Punjab & Haryana High Court in the case

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1) of the Act would mean "actual expenditure incurred, held that no disallowance could be made under the said Section when no expenditure had 'actually' been incurred by the assessee in relation to the earning of the exempt income. Attention is also invited to the decision of the Hon'ble Punjab & Haryana High Court in the case

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1) of the Act would mean "actual expenditure incurred, held that no disallowance could be made under the said Section when no expenditure had 'actually' been incurred by the assessee in relation to the earning of the exempt income. Attention is also invited to the decision of the Hon'ble Punjab & Haryana High Court in the case

M/S.HLL LIFECARE LTD(PREVIOUSLY KNOWN AS HINDUSTAN LATEX LTD),TRIVANDRUM vs. THE ACIT, TRIVANDRUM

Bench: Shri Abraham P.George, Am & Shri George George K, Jm

14A of the Act. 16. Only remaining ground is ground No.3 which assails disallowance of deduction claimed by the assessee for research and development. 17. There was no claim for any deduction u/s 35D of the Act made by the assessee in the computation of statement or in the return filed by it. During the course of appellate ITA Nos.30

M/S.HLL LIFECARE LTD(PREVIOUSLY KNOWN AS HINDUSTAN LATEX LTD),TRIVANDRUM vs. THE ACIT, TRIVANDRUM

Bench: Shri Abraham P.George, Am & Shri George George K, Jm

14A of the Act. 16. Only remaining ground is ground No.3 which assails disallowance of deduction claimed by the assessee for research and development. 17. There was no claim for any deduction u/s 35D of the Act made by the assessee in the computation of statement or in the return filed by it. During the course of appellate ITA Nos.30

M/S.HLL LIFECARE LTD(PREVIOUSLY KNOWN AS HINDUSTAN LATEX LTD),TRIVANDRUM vs. THE ACIT, TRIVANDRUM

Bench: Shri Abraham P.George, Am & Shri George George K, Jm

14A of the Act. 16. Only remaining ground is ground No.3 which assails disallowance of deduction claimed by the assessee for research and development. 17. There was no claim for any deduction u/s 35D of the Act made by the assessee in the computation of statement or in the return filed by it. During the course of appellate ITA Nos.30

DIADORA SHOES PVT LTD,CALICUT vs. ACIT CIRCLE 2(1), CALICUT

In the result, the assessee’s appeal is allowed

Bench: Shri Sanjay Arora, Am & Shri Anil Kumar Dugar, Jm

14A by Finance Act, 2022, w.e.f. 01.04.2022. The Hon'ble Court adverted to the decision in Sedco Forex International Drill Inc. (supra), wherein the Apex Court was examining the applicability of the Explanation to section 9(1)(ii), substituted by Finance Act, 1999, w.e.f. 01.04.2000. The amended explanation widened the scope of the provision, and was accordingly held