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26 results for “depreciation”+ Unexplained Investmentclear

Sorted by relevance

Mumbai493Delhi317Jaipur131Chennai120Bangalore118Ahmedabad106Kolkata76Hyderabad70Pune62Chandigarh54Indore43Nagpur27Raipur27Cochin26Visakhapatnam24Surat24Guwahati20Lucknow16Rajkot11Cuttack11Amritsar10Jodhpur9Agra9Varanasi7Allahabad6Ranchi5Telangana5SC3Karnataka3Jabalpur3Patna3Dehradun2

Key Topics

Section 153A25Section 143(3)17Section 143(2)14Addition to Income11Section 1549Section 699Section 1327Section 139(4)7Section 143(1)7Reassessment

SMT.K.B.SONY,COCHIN vs. THE DCIT, COCHIN

In the result, i) The appeal of the assessee in ITA No

ITA 320/COCH/2015[2009-10]Status: DisposedITAT Cochin24 May 2018AY 2009-10

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

Section 69

unexplained investment of the assessee u/s. 69 of the I.T. Act. On appeal, the CIT(A) confirmed the addition made by the Assessing Officer. I.T.A. Nos. 383 -386, 322-324, 319-321 &, 387-390/C/2015 2.2 Against this, the assessee is in appeal before us. The Ld. AR submitted that the assessee has not deposited any money in the vendor

BHIMA JEWELLERS,SULTHAN BATHERY, WAYANAD vs. THE PR CIT, KOZHIKKODE, KOZHIKKODE

In the result, appeal of the assessee is dismissed

ITA 208/COCH/2018[2013-14]Status: DisposedITAT Cochin17 Aug 2018AY 2013-14

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.208/Coch/2018 Assessment Year : 2013-14 M/S. Bhima Jewellers, Vs. The Pr. Commissioner Of Income- 6/785 Ai, Tax, Kozhikode. Mysore Road, Chungum Junction, Sulthan Bathery, Wayanad-673 592. [Pan: Aakfb 9817C] (Assessee-Appellant) (Revenue-Respondent) Revenue By Shri Dhanaraj A. Sr. Dr Assessee By Shri R. Krishnan, Ca Date Of Hearing 05/07/2018 Date Of Pronouncement 20/08/2018

Showing 1–20 of 26 · Page 1 of 2

7
Disallowance7
Unexplained Investment6
Section 115BSection 14Section 143(3)Section 263Section 68Section 69Section 69ASection 69BSection 69CSection 69D

depreciation against income assessed under section 68 was to be set aside.” 6.3 Further, it emerges that in the assessment proceedings, the Assessing Officer has accepted the income returned wherein the assessee has set off business loss with unexplained credit which was treated as its income. Since the assessee had to prove the identity, capacity and creditworthiness of the creditors

SRI.K.P. JOHNY,THRISSUR vs. THE DCIT, CIRCLE-2(1), THRISSUR

In the result, both the assessee’s and the Revenue’s appeals are partly allowed and partly allowed for statistical purposes

ITA 206/COCH/2019[2014-15]Status: DisposedITAT Cochin09 Oct 2023AY 2014-15

Bench: Shri Sanjay Arora & Shri Manomohan Dask.P. Johny Asst. Cit, Manappuram House Circle – 2(1) Hospital Road, Chalakkudy Aayakar Bhavan Vs. Thrissur 680307 Sakthan Thampuran Nagar [Pan:Acgpj4958G] Thrissur 680001 (Appellant) (Respondent) Asst. Cit, K.P. Johny Circle – 2(1) Manappuram House Aayakar Bhavan Hospital Road, Chalakkudy Vs. Sakthan Thampuran Nagar Thrissur 680307 Thrissur 680001 [Pan: Acgpj4958G] (Appellant) (Respondent)

For Appellant: Shri T.M. Sreedharan, Sr. Advocate (with Smt. Divya Ravindran, Adv. with him)For Respondent: Smt. J.M. Jamuna Devi, Sr. DR
Section 131(1)Section 133ASection 147Section 148(1)Section 69

unexplained investment. In appeal, the assessee obtained part relief on the basis of payment of Rs.16,00,000 supra on 17.01.2014 as being out of Rs.50 lakhs received on 23.12.2013 as consideration on sale of shares (in Manko). The relevant part of the appellate order reads as under: - “8.3 I have perused the assessment order. The assessment order clearly states

THE DCIT, CIRCLE-2(1), THRISSUR vs. SRI.K.P. JOHNY, THRISSUR

In the result, both the assessee’s and the Revenue’s appeals are partly allowed and partly allowed for statistical purposes

ITA 254/COCH/2019[2014-15]Status: DisposedITAT Cochin09 Oct 2023AY 2014-15

Bench: Shri Sanjay Arora & Shri Manomohan Dask.P. Johny Asst. Cit, Manappuram House Circle – 2(1) Hospital Road, Chalakkudy Aayakar Bhavan Vs. Thrissur 680307 Sakthan Thampuran Nagar [Pan:Acgpj4958G] Thrissur 680001 (Appellant) (Respondent) Asst. Cit, K.P. Johny Circle – 2(1) Manappuram House Aayakar Bhavan Hospital Road, Chalakkudy Vs. Sakthan Thampuran Nagar Thrissur 680307 Thrissur 680001 [Pan: Acgpj4958G] (Appellant) (Respondent)

For Appellant: Shri T.M. Sreedharan, Sr. Advocate (with Smt. Divya Ravindran, Adv. with him)For Respondent: Smt. J.M. Jamuna Devi, Sr. DR
Section 131(1)Section 133ASection 147Section 148(1)Section 69

unexplained investment. In appeal, the assessee obtained part relief on the basis of payment of Rs.16,00,000 supra on 17.01.2014 as being out of Rs.50 lakhs received on 23.12.2013 as consideration on sale of shares (in Manko). The relevant part of the appellate order reads as under: - “8.3 I have perused the assessment order. The assessment order clearly states

SHAHUL HAMEED,MANANTHAVADY vs. ITO, WARD-2, KALPETTA

In the result, the appeal by the assessee is allowed

ITA 355/COCH/2024[2014-2015]Status: DisposedITAT Cochin27 Mar 2025AY 2014-2015

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

For Appellant: --- None ---For Respondent: Smt.Leena Lal, Sr.AR
Section 115Section 133ASection 143(3)Section 147Section 148Section 154Section 250Section 69

unexplained investment under section 69 of the Act, and therefore, applied the provisions of section 115-BBE for computing the tax liability of the assessee. It is evident from the record that while assessing the total income of the assessee, the AO carried forward the loss declared under the head “House Property” instead of setting off the same against

MELATHUR SERVICE CO-OPERATIVE BANK LTD,MALAPPURAM vs. ITO, WARD-4, TIRUR

Appeal is allowed for statistical purposes

ITA 167/COCH/2024[2017-2018]Status: DisposedITAT Cochin25 Sept 2024AY 2017-2018

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhmelattur Service Co-Op. Bank Ltd. The Income Tax Officer Melttur P.O. Ward - 4, Tirur Vs. Malapuram 679326 [Pan: Aacam8880H] (Appellant) (Respondent)

For Appellant: Ms. Swathi S., AdvocateFor Respondent: Smt. V. Swarnalatha, Sr. D.R
Section 250Section 69Section 80P

unexplained investment addition of Rs.1,25,33,000/- as well as recomputed business income by disallowing/ adding various heads of depreciation

CHENGAZHASSERIL THOMAS KURIAN,KOTTAYAM vs. ACIT CENTRAL CIRCLE KOTTAYAM, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 472/COCH/2022[2011-2012]Status: DisposedITAT Cochin29 Sept 2023AY 2011-2012

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained investment u/s. 69B. 2.2 Before us, the assessee, as before the Revenue authorities, though disputes the addition, has not made out any case qua his claim that he had correctly recorded the investment made by him, i.e., in the CFS. It was though admitted by Shri Markose during hearing that the same uniform rate had been applied

CHENGAZHASSERIL THOMAS KURIAN,KOTTAYAM vs. ACIT CENTRAL CIRCLE KOTTAYAM, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 474/COCH/2022[2014-2015]Status: DisposedITAT Cochin29 Sept 2023AY 2014-2015

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained investment u/s. 69B. 2.2 Before us, the assessee, as before the Revenue authorities, though disputes the addition, has not made out any case qua his claim that he had correctly recorded the investment made by him, i.e., in the CFS. It was though admitted by Shri Markose during hearing that the same uniform rate had been applied

V D DEVASIA,KOTTAYAM vs. ACIT, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 47/COCH/2022[2011-2012]Status: DisposedITAT Cochin29 Sept 2023AY 2011-2012

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained investment u/s. 69B. 2.2 Before us, the assessee, as before the Revenue authorities, though disputes the addition, has not made out any case qua his claim that he had correctly recorded the investment made by him, i.e., in the CFS. It was though admitted by Shri Markose during hearing that the same uniform rate had been applied

CHENGAZHASSERIL THOMAS KURIAN,KOTTAYAM vs. ACIT CENTRAL CIRCLE KOTTAYAM, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 473/COCH/2022[ 2012-2013]Status: DisposedITAT Cochin29 Sept 2023

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained investment u/s. 69B. 2.2 Before us, the assessee, as before the Revenue authorities, though disputes the addition, has not made out any case qua his claim that he had correctly recorded the investment made by him, i.e., in the CFS. It was though admitted by Shri Markose during hearing that the same uniform rate had been applied

V D DEVASIA,KOTTAYAM vs. ACIT, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 48/COCH/2022[2012-2013]Status: DisposedITAT Cochin29 Sept 2023AY 2012-2013

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained investment u/s. 69B. 2.2 Before us, the assessee, as before the Revenue authorities, though disputes the addition, has not made out any case qua his claim that he had correctly recorded the investment made by him, i.e., in the CFS. It was though admitted by Shri Markose during hearing that the same uniform rate had been applied

V D DEVASIA,KOTTAYAM vs. ACIT, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 50/COCH/2022[2014-2015]Status: DisposedITAT Cochin29 Sept 2023AY 2014-2015

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained investment u/s. 69B. 2.2 Before us, the assessee, as before the Revenue authorities, though disputes the addition, has not made out any case qua his claim that he had correctly recorded the investment made by him, i.e., in the CFS. It was though admitted by Shri Markose during hearing that the same uniform rate had been applied

V D DEVASIA,KOTTAYAM vs. ACIT, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 49/COCH/2022[2013-2014]Status: DisposedITAT Cochin29 Sept 2023AY 2013-2014

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained investment u/s. 69B. 2.2 Before us, the assessee, as before the Revenue authorities, though disputes the addition, has not made out any case qua his claim that he had correctly recorded the investment made by him, i.e., in the CFS. It was though admitted by Shri Markose during hearing that the same uniform rate had been applied

KK RADHAKRISHNAN,KANNUR vs. DCIT CENTRAL CIRCLE 2, KOZHIKODE

In the result, the assessee’s appeal is disposed on the aforesaid terms, and stay application is dismissed as infructuous

ITA 494/COCH/2023[2008-09]Status: DisposedITAT Cochin12 Jan 2024AY 2008-09

Bench: Shri Sanjay Arora & Shri Manomohan Das & Sa No. 104/Coch/2023 (Assessment Year: 2008-09)

For Appellant: Shri Pavan Ved, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132(1)Section 153ASection 153CSection 153D

unexplained personal expenses on son’s education. 5. The assessee deserves award of cost.’ 3. The background facts of the case are that a search u/s. 132(1) of the Act was conducted at the assessee’s residence on 26.09.2012 pursuant to a warrant of authorization (WoA) dated 19.09.2012 issued in the case of M/s. K.K. Builders; K.K. Tourist Home

SULAIKHA CLAY MINES,THIRUVANANTHAPURAM vs. ACIT, CIRCLE 1(2), THIRUVANANTHAPURAM, THIRUVANANTHAPURAM

In the result, the appeals for all the years are partly allowed and partly allowed for statistical purposes

ITA 624/COCH/2022[2005-2006]Status: DisposedITAT Cochin31 Aug 2023AY 2005-2006

Bench: Shri Sanjay Arora & Shri Manomohan Das

For Appellant: Shri Muhammad Shafeeq A., CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 40Section 40A(2)(b)

unexplained and unsubstantiated. That position continues even before us. Sh. Shafeeq,on being specifically questioned in the matter, would submit that it depends on the part of the mine which is to be mined for the relevant year. There is no indication thereof, even as the same, where pertinent, would find mention in the lease agreement. Again, the same does

SULAIKHA CLAY MINES,THIRUVANANTHAPURAM vs. ACIT, CIRCLE 1(2), THIRUVANANTHAPURAM, THIRUVANANTHAPURAM

In the result, the appeals for all the years are partly allowed and partly allowed for statistical purposes

ITA 626/COCH/2022[2007-2008]Status: DisposedITAT Cochin31 Aug 2023AY 2007-2008

Bench: Shri Sanjay Arora & Shri Manomohan Das

For Appellant: Shri Muhammad Shafeeq A., CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 40Section 40A(2)(b)

unexplained and unsubstantiated. That position continues even before us. Sh. Shafeeq,on being specifically questioned in the matter, would submit that it depends on the part of the mine which is to be mined for the relevant year. There is no indication thereof, even as the same, where pertinent, would find mention in the lease agreement. Again, the same does

SULAIKHA CLAY MINES,THIRUVANANTHAPURAM vs. ACIT, CIRCLE 1(2), THIRUVANANTHAPURAM, THIRUVANANTHAPURAM

In the result, the appeals for all the years are partly allowed and partly allowed for statistical purposes

ITA 623/COCH/2022[2004-2005]Status: DisposedITAT Cochin31 Aug 2023AY 2004-2005

Bench: Shri Sanjay Arora & Shri Manomohan Das

For Appellant: Shri Muhammad Shafeeq A., CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 40Section 40A(2)(b)

unexplained and unsubstantiated. That position continues even before us. Sh. Shafeeq,on being specifically questioned in the matter, would submit that it depends on the part of the mine which is to be mined for the relevant year. There is no indication thereof, even as the same, where pertinent, would find mention in the lease agreement. Again, the same does

SULAIKHA CLAY MINES,THIRUVANANTHAPURAM vs. ACIT, CIRCLE 1(2), THIRUVANANTHAPURAM, THIRUVANANTHAPURAM

In the result, the appeals for all the years are partly allowed and partly allowed for statistical purposes

ITA 627/COCH/2022[2009-2010]Status: DisposedITAT Cochin31 Aug 2023AY 2009-2010

Bench: Shri Sanjay Arora & Shri Manomohan Das

For Appellant: Shri Muhammad Shafeeq A., CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 40Section 40A(2)(b)

unexplained and unsubstantiated. That position continues even before us. Sh. Shafeeq,on being specifically questioned in the matter, would submit that it depends on the part of the mine which is to be mined for the relevant year. There is no indication thereof, even as the same, where pertinent, would find mention in the lease agreement. Again, the same does

SULAIKHA CLAY MINES,THIRUVANANTHAPURAM vs. ACIT, CIRCLE 1(2), THIRUVANANTHAPURAM, THIRUVANANTHAPURAM

In the result, the appeals for all the years are partly allowed and partly allowed for statistical purposes

ITA 625/COCH/2022[2006-2007]Status: DisposedITAT Cochin31 Aug 2023AY 2006-2007

Bench: Shri Sanjay Arora & Shri Manomohan Das

For Appellant: Shri Muhammad Shafeeq A., CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 40Section 40A(2)(b)

unexplained and unsubstantiated. That position continues even before us. Sh. Shafeeq,on being specifically questioned in the matter, would submit that it depends on the part of the mine which is to be mined for the relevant year. There is no indication thereof, even as the same, where pertinent, would find mention in the lease agreement. Again, the same does

M/S SULAIKHA CLAY MINES,TRIVANDRUM vs. DCIT ,CIRCLE 1(2), TRIVANDRUM

In the result, the appeals for all the years are partly allowed and partly allowed for statistical purposes

ITA 937/COCH/2022[2015-16]Status: DisposedITAT Cochin31 Aug 2023AY 2015-16

Bench: Shri Sanjay Arora & Shri Manomohan Das

For Appellant: Shri Muhammad Shafeeq A., CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 40Section 40A(2)(b)

unexplained and unsubstantiated. That position continues even before us. Sh. Shafeeq,on being specifically questioned in the matter, would submit that it depends on the part of the mine which is to be mined for the relevant year. There is no indication thereof, even as the same, where pertinent, would find mention in the lease agreement. Again, the same does