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

loss of Rs. 3,36,17,037/- carried forward from previous years. 6. The Hon'ble jurisdictional High Court in the case of M/s. 3 M/s. Extraweave Pvt. Ltd. Patspin India Limited (245 CTR 97 (Ker.) has held that the business profit is to be computed necessarily after setting off unabsorbed depreciation carried forward from previous years. For these

KINGS INFRA VENTURES LTD,THEVARA vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1 (2), KOCHI, KOCHI

In the result, the appeal by the assessee is dismissed

Bench: Shri Sanjay Arora & Shri Sandeep Gosainkings Infra Ventures Ltd. Asstt. Commissioner Of A-1, 1St Floor, Atria Apartment Income Tax, Opp. Gurudwara Temple Vs. Circle - 1(2) Perumanur Road Kochi Thevara, Kochi [Pan:Aaccv3411D] (Respondent) (Appellant) Appellant By: Shri Joseph Markose, Sr. Advocate Respondent By: Smt. J.M. Jamuna Devi, Sr. D.R.

loss’ is liable to be carried 11 | P a g e Kings Infra Ventures Ltd. v. Asst. CIT forward only where it stands claimed per a return of income for the relevant year u/s. 139(1) (s. 139(3)). The same may not impact a claim for carry forward of UAD. In sum 5. We may finally capsule our findings

TRIVANDRUM CABLE NETWORK (P) LTD,TRIVANDRUM vs. DCIT CENTRAL CIRCLE -1, TRIVANDRUM

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

Bench: Shri Inturi Rama Rao

disallowance of set off of carry forwarded loss Rs.1,57,038 4. Being aggrieved by the above assessment order, the assessee

TRIVANDRUM CABLE NETWORK (P) LTD,TRIVANDRUM vs. DCIT CENTRAL CIRCLE-1, TRIVANDRUM

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

Bench: Shri Inturi Rama Rao

disallowance of set off of carry forwarded loss Rs.1,57,038 4. Being aggrieved by the above assessment order, the assessee

TRIVANDRUM CABLE NETWORK(P) LTD,TRIVANDRUM vs. DCIT CENTRAL CIRCLE -1, TRIVANDRUM

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

Bench: Shri Inturi Rama Rao

disallowance of set off of carry forwarded loss Rs.1,57,038 4. Being aggrieved by the above assessment order, the assessee

TRIVANDRUM CABLE NETWORK (P) LTD,TRIVANDRUM vs. DCIT CENTRAL CIRCLE-1, TRIVANDRUM

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

Bench: Shri Inturi Rama Rao

disallowance of set off of carry forwarded loss Rs.1,57,038 4. Being aggrieved by the above assessment order, the assessee

TRIVANDRUM CABLE NETWORK (P) LTD,TRIVANDRUM vs. DCIT CENTRAL CIRCLE-1, TRIVANDRUM

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

Bench: Shri Inturi Rama Rao

disallowance of set off of carry forwarded loss Rs.1,57,038 4. Being aggrieved by the above assessment order, the assessee

TRIVANDRUM CABLE NETWORK (P) LTD,TRIVANDRUM vs. DCIT CENTRAL CIRCLE-1, TRIVANDRUM

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

Bench: Shri Inturi Rama Rao

disallowance of set off of carry forwarded loss Rs.1,57,038 4. Being aggrieved by the above assessment order, the assessee

SHASTHA ENTERPRISES,KOLLAM vs. ITO, WARD 3, KOLLAM

The appeal is dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

disallowance of Rs.19,02,852/- made under Section 36(1)(va) by following the decision of the Hon’ble Supreme Court in the case of Checkmate Services (P) Ltd. v. CIT (supra). 9. However, with respect to the claim of loss carry forward

JUBILEE MISSION HOSPITAL.,THRISSUR vs. THE DCIT, KOCHI

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned ITA Nos.88 TO 91/Coch/2022 Jubilee Mission Hospital, Thrissur Page 11 of 19 (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year).” 11.1 In our opinion, since there was no material brought on record

JUBILEE MISSION HOSPITAL ,KAKKANAD vs. THE DCIT, KOCHI

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned ITA Nos.88 TO 91/Coch/2022 Jubilee Mission Hospital, Thrissur Page 11 of 19 (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year).” 11.1 In our opinion, since there was no material brought on record

JUBILEE MISSION HOSPITAL,THRISSUR vs. THE DCIT, THRISSUR

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned ITA Nos.88 TO 91/Coch/2022 Jubilee Mission Hospital, Thrissur Page 11 of 19 (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year).” 11.1 In our opinion, since there was no material brought on record

JUBILEE MISSION HOSPITAL,THRISSUR vs. THE DCIT, KOCHI

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned ITA Nos.88 TO 91/Coch/2022 Jubilee Mission Hospital, Thrissur Page 11 of 19 (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year).” 11.1 In our opinion, since there was no material brought on record

M/S.IBS SOFTWARE SERVICES P. LTD,TRIVANDRUM vs. THE DCIT, TRIVANDRUM

Bench: SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

carried out by an entity or a liability has been incurred at the balance sheet date. In the present case the loss on onerous contacts represented the amount provided for anticipated loss to be incurred in respect of two contracts entered into with "Make My Trip" and "China Eastern Airlines". 11. Per contra, the Learned Departmental Representative supported

GRAMIN JANATHA WELFARE CO-OPERATIVE SOCIETY LTD.NO R 1224,KALLUR vs. INCOME TAX OFFICER, WARD 1(1), THRISSUR, THRISSUR

In the result, appeal filed by the assessee is allowed

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadavassessmentyear:2023-24

disallowed an amount of Rs.93,53,130/-, being carry forward losses, depreciation and ICDS. It is the contention of the assessee

M/S MALLELIL INDUSTRIES PVT LTD,PATHANAMTHITTA vs. THE ITO , THIRUVALLA

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

carried forward loss to the tune of Rs. 1,92,99,966/- arose from amalgamating company i.e M/s Mallelil Polymers with the income of the amalgamated company i.e M/s. Mallelil Industries based on the report of NCLT. That is the assessee has availed the advantage of amalgamation in the financial year 2016-17 itself. Moreover, the assessment

GOOD SHEPHERED CENTRAL SCHOOL TRUST,THRISSUR vs. ITO, EXEMPTION WARD, THRISSUR

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

Bench: Shri Inturi Rama Rao, Am

disallowed the claim for deprecation as application income solely on the ground that the return of income for earlier year was not filed. Even on appeal before the CIT(A), the CIT(A) confirmed the action of the AO by holding that the claim for carry forward cannot be allowed as return of income was not filed with

GOOD SHEPHERED CENTRAL SCHOOL TRUST,THRISSUR vs. ITO, EXEMPTION WARD, THRISSUR

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

Bench: Shri Inturi Rama Rao, Am

disallowed the claim for deprecation as application income solely on the ground that the return of income for earlier year was not filed. Even on appeal before the CIT(A), the CIT(A) confirmed the action of the AO by holding that the claim for carry forward cannot be allowed as return of income was not filed with