THE VELIMALAI RUBBER CO. LTD,KOTTAYAM vs. THE ACIT, KOTTAYAM

In the result, the appeals filed by the assessee are dismissed

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

260/-. This is after claiming the amount of Rs.6,75,49,321.16 towards Replanting & Maintenance Expenditure of immature rubber area the details of which are as follows: (ii) Rule 7 A was introduced from the year 2001-02 whereby the income from value added rubber is computed as business income as per which the income derived from the sale

THE ACIT, COCHIN vs. M/S.PVR TOURIST HOME, COCHIN

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm Assessment Year: 2012-13 Acit, Circle-1, Non-Corporate .......... Appellant Iind Floor, C.R. Building, I.S. Press Road Ernakulam 682018 Vs. Pvr Tourist Home .......... Respondent Palarivattom, Kochi 682025 [Pan: Aadfp3442Q] Appellant By: Shri Suresh Sivanandan, Cit-Dr Respondent By: Shri Mohan Pulickal, Advocate Date Of Hearing: 10.03.2025 Date Of Pronouncement: 21.03.2025

depreciation for all the years it was carrying on the lodging business using the land and building. Admittedly, on dissolution the land and building were distributed among the partners of the dissolved firm. This was a clear case falling under section 45(4) attracting liability for capital gains. The reference of the asset for valuation under section 55A was within

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

In the result, appeals of the Revenue in ITA Nos

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

260 of the I.T. Act dated 31/12/2018 and allowed deduction u/s. 8IA(4)(i)(b) of the I.T. Act. Further, the SLP filed by the Department against the order of the High Court was rejected by the Supreme Court. Hence, the matter has attained finality and covered in favor of the assessee and against the Department. 3.2.1 Against this

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

In the result, appeals of the Revenue in ITA Nos

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

260 of the I.T. Act dated 31/12/2018 and allowed deduction u/s. 8IA(4)(i)(b) of the I.T. Act. Further, the SLP filed by the Department against the order of the High Court was rejected by the Supreme Court. Hence, the matter has attained finality and covered in favor of the assessee and against the Department. 3.2.1 Against this

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

In the result, appeals of the Revenue in ITA Nos

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

260 of the I.T. Act dated 31/12/2018 and allowed deduction u/s. 8IA(4)(i)(b) of the I.T. Act. Further, the SLP filed by the Department against the order of the High Court was rejected by the Supreme Court. Hence, the matter has attained finality and covered in favor of the assessee and against the Department. 3.2.1 Against this

M/S.SOORYA DRUG HOUSE,THODUPUZHA vs. THE ITO,WD-2, THODUPUZHA

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

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

260 for the assessment years 2012-2013 and 2013-2014 respectively. The assessments were completed for both the assessment years u/s 143 r.w.s. 147 of the I.T.Act on 28.03.2016 and 30.03.2016 for assessment years 2012-2013 and 2013-2014, respectively. In the assessments completed, total income determined for assessment year 2012-2013 was at Rs.26,28,950 and for assessment

M/S.SOORYA DRUG HOUSE,THODUPUZHA vs. THE ITO,WD-2, THODUPUZHA

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

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

260 for the assessment years 2012-2013 and 2013-2014 respectively. The assessments were completed for both the assessment years u/s 143 r.w.s. 147 of the I.T.Act on 28.03.2016 and 30.03.2016 for assessment years 2012-2013 and 2013-2014, respectively. In the assessments completed, total income determined for assessment year 2012-2013 was at Rs.26,28,950 and for assessment