THRISSUR DISTRICT POLICE CO OPERATIVE SOCIETY LTD,THRISSUR vs. INCOME TAX OFFICER, THRISSUR

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

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

house property incomeare not covered under the provision of section 80P(2)(a)(i) of Act as these incomesare not earned by providing credit facilities to its members. ii) The assessee society regularly invested funds not immediately required for business purposes. Interest on such investments, therefore could not fall within the meaning of the expression ‘ profits and gains of business

THRISSUR DISTRICT POLICE CO OPERATIVE SOCIETY LTD,THRISSUR vs. INCOME TAX OFFICER, THRISSUR

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

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

house property incomeare not covered under the provision of section 80P(2)(a)(i) of Act as these incomesare not earned by providing credit facilities to its members. ii) The assessee society regularly invested funds not immediately required for business purposes. Interest on such investments, therefore could not fall within the meaning of the expression ‘ profits and gains of business

REJI KRISHNAN,TRIVANDRUM vs. ITO, WARD-1(1), TRIVANDRUM

In the result, the appeal filed by the assessee is partly allowed and the stay application is dismissed as infructuous

Bench: Shri Chandra Poojari & Shri Soundararajan K

disallowed the claim made u/s 54F of the Act in respect of the investment made in the second residential house along with other expenditure involved in respect of the purchase of the property

SMT. MARIES JOSEPH,THRISSUR vs. DCIT, INT. TAXATION, KOCHI, KOCHI

In the result, appeal in ITA No

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S

disallowing the exemption claimed under section 54F of the Act by the assessee to the tune of Rs 86,24,063/- being investment in residential house property

SMT. MARIES JOSEPH,THRISSUR vs. DCIT, INT. TAXATION, KOCHI, KOCHI

In the result, appeal in ITA No

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S

disallowing the exemption claimed under section 54F of the Act by the assessee to the tune of Rs 86,24,063/- being investment in residential house property

A K SANTHOSH,KOCHI vs. DCIT, CORPORATE CIRCLE-1(1), KOCHI, KOCHI

In the result, both the appeals of the assessee are partly allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

disallowing excess depreciation charged on Motor Vehicle of Rs. 15,584/-. The officers were also not justified especially when the profit & loss account filed before the Commissioner of Income-tax (Appeals) and the assessing officer contain the details of rent received on vintage cars & others. 5. The treatment of lease rent received as income from House property

A K SANTHOSH,KOCHI vs. DCIT, CORPORATE CIRCLE-1(1), KOCHI, KOCHI

In the result, both the appeals of the assessee are partly allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

disallowing excess depreciation charged on Motor Vehicle of Rs. 15,584/-. The officers were also not justified especially when the profit & loss account filed before the Commissioner of Income-tax (Appeals) and the assessing officer contain the details of rent received on vintage cars & others. 5. The treatment of lease rent received as income from House property

M/S PERINGATTU HEALTH FOUNDATION PRIVATE,ERNAKULAM vs. ITO CORPORATE WARD 2(3), KOCHI

In the result, the assessee’s appeal is partly allowed

Bench: Shri Sanjay Arora, Am &Shri Manomohan Das, Jm

house property, income from which is assessable u/s.22 r/ws. 23, for want of evidence. The basis for the disallowance for the two immediately

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

disallowance thereof would obtain for years prior to AY 2015-2016. 4. We have heard the parties, and perused the material on record. 4.1 Taking the first issue, the Revenue’s understanding of the amended s. 2(15) stands endorsed by the Apex Court in Ahmedabad Urban Development Authority 3 ITA Nos.75-77/Coch/2015 (AYs. 2009-10 to 11-12) Infopark Kerala

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

disallowance thereof would obtain for years prior to AY 2015-2016. 4. We have heard the parties, and perused the material on record. 4.1 Taking the first issue, the Revenue’s understanding of the amended s. 2(15) stands endorsed by the Apex Court in Ahmedabad Urban Development Authority 3 ITA Nos.75-77/Coch/2015 (AYs. 2009-10 to 11-12) Infopark Kerala

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

disallowance thereof would obtain for years prior to AY 2015-2016. 4. We have heard the parties, and perused the material on record. 4.1 Taking the first issue, the Revenue’s understanding of the amended s. 2(15) stands endorsed by the Apex Court in Ahmedabad Urban Development Authority 3 ITA Nos.75-77/Coch/2015 (AYs. 2009-10 to 11-12) Infopark Kerala

SYEDALI EBRAHIM,THIRUVANANTHAPURAM vs. ITO WARD-1(1), THIRUVANANTHAPURAM

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

house property income. E. The findings of the lower authorities to the extent that the loan was taken by Rukkiya Amma as per the information from the bank under section 133(6) is factually incorrect, as the bank had sanctioned the loan to the appellant and has issued a confirmation letter to this effect. F. The appellant craves

MOOLADETH FATHIMA NOOR,CALICUT vs. ITO, WARD 1(3), CALICUT

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

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm Assessment Year: 2014-15 Mooladeth Fathima Noor .......... Appellant Noor Mahal, Devagiri, Medical College Calicut 673008 [Pan: Abzpf8525H] Vs. The Income Tax Officer,Wd-1(3), Calicut .......... Respondent Appellant By: ------- None ------- Respondent By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 05.06.2025 Date Of Pronouncement: 31.07.2025

property sold was only residential house. The findings of the AO was were based on material on record and the learned CIT(A) rightly confirmed the disallowance

KUMAR MADHAVANPILLAI.S,THIRUVANANTHAPURAM vs. ITO, WARD-1(4), TRIVANDRUM

In the result, the appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Kumar Madhavanpillai S. Income Tax Officer -1(4) Chandra Press & Book Depot Aayakar Bhavan, Kowdiar P.O. Manjalikulam Road Thiruvananthapuram 695003 Vs. Thampanoor Thiruvananthapuram 695001 [Pan: Ajxps9299P] (Appellant) (Respondent)

disallowing exemption under section 54/54F of the Act and without giving the benefit of the cost of improvement. 3. The facts in brief are that the assessee is an individual who during the year under consideration sold immovable property being land &building vide deed dated 6th April 2016 for consideration of Rs. 1.75 crore. The assessee 2 Kumar Madhavanpillai

JOJO,THRISSUR vs. ITO WARD-1(1), THRISSUR, THRISSUR

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

Bench: Shri Inturi Rama Rao, Am Assessment Year: 2020-21 Jojo .......... Appellant Kattalapeedika House, Mattathur, Thrissur [Pan: Bycpj5296A] Vs. The Income Tax Officer, Ward-1(1), Thrissur .......... Respondent Assessee By: Shri Vibin K.K., Ca Revenue By: Smt. Leena Lal, Sr. D.R. Date Of Hearing: 26.11.2025 Date Of Pronouncement: 21.11.2025 O R D E R This Appeal Filed By The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi [Cit(A)] Dated 29.08.2025 For Assessment Year (Ay) 2020-21. 2. Brief Facts Of The Case Are That Appellant Is An Individual. No Regular Return Of Income Under The Provisions Of Section 139(1) Of The Income Tax Act, 1961 (The Act) For Ay 2020-21 Was Filed By The Appellant. Based On The Information That The Appellant Had Sold Immovable Property For A Consideration Of Rs. 20,00,000/- The Assessment Unit Of Income Tax Department (Hereinafter Called "The Ao") Formed An Opinion That Income Escaped Assessment To Tax. Accordingly, A Notice U/S. 148 Of The Act Was Issued On 28.03.2024

house before the due date prescribed u/s. 139(1) of the Act. 7. I heard the rival contentions and perused the material available on record. The issue that arises for my consideration is whether the NFAC was justified in confirming the disallowance of claim for deduction u/s. 54 of the Act. Undisputedly, the appellant had sold the property

SRI.MOHAMMED SHERIEF,KARUNAGAPPALLY vs. THE ACIT, CENTRAL CIRCLE, KOLLAM

In the result, ITA No. 463/Coch/2016 is allowed and ITA No

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

disallowance on account of repairs charges of Rs. 20,952/-. It is stated that the claim made for deduction on repair charges of Rs. 42,419/- was debited to the Profit & Loss A/c. relates to business assets which are not held as income from house property

SRI.MOHAMMED SHERIEF,KARUNAGAPPALLY vs. THE DCIT, KOLLAM

In the result, ITA No. 463/Coch/2016 is allowed and ITA No

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

disallowance on account of repairs charges of Rs. 20,952/-. It is stated that the claim made for deduction on repair charges of Rs. 42,419/- was debited to the Profit & Loss A/c. relates to business assets which are not held as income from house property

SHAJU NINAN JOHN,ERNAKULAM vs. THE DCIT, CIRCLE- INTERNATIONAL TAXATION, KOCHI, KOCHI

In the result, the appeal by the assessee is dismissed

Bench: Shri Sanjay Arora (Accountant Member), Shri Sandeep Gosain (Judicial Member)

house property by the assessee during relevant year. The same, stated to be toward interior works done on the property, a Villa, purchased by the assessee 1 | P a g e Shaju Ninan John v. Dy. CIT during fy 2003-04, in the following year, i.e., fy 2004-05, was disallowed