MALANADU MILK PRODUCERS SOCIETY,KOTTAYAM vs. DCIT, EXEMPTION, TVM, THIRUVANANTHAPURAM

The appeals of the assessees are allowed

Bench: Shri George George K. & Ms. Padmavathy S.

disallowed. ITA NoS.632 & 633/Coch/2022 Page 3 of 12 4. In such circumstances, you are requested to explain why the assessment order passed u/s 143(1) of the Act in your case on 11/10/2019 shall not be treated as erroneous and be revised accordingly.” 4. The assessee filed a detailed reply dated 2.3.2022 (pg. 45 to 51 of PB) where

MALANADU FARMERS SOCIETY ,KOTTAYAM vs. DCIT EXEMPTIONS, TVM, THIRUVANANTHAPURAM

The appeals of the assessees are allowed

Bench: Shri George George K. & Ms. Padmavathy S.

disallowed. ITA NoS.632 & 633/Coch/2022 Page 3 of 12 4. In such circumstances, you are requested to explain why the assessment order passed u/s 143(1) of the Act in your case on 11/10/2019 shall not be treated as erroneous and be revised accordingly.” 4. The assessee filed a detailed reply dated 2.3.2022 (pg. 45 to 51 of PB) where

THE KALAKKODU SERVICE CO-OP BANK LTD,KOLLAM vs. THE ITO, KOLLAM

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

Bench: Shrigeorge George K.And Shrilaxmi Prasad Sahu(Assessment Year:2018-19

119 (Kerala). We also observed from the order of the learned CIT(A) that Ground No. 2(C) raised by the assessee before the learned CIT(A) has not been decided by him, which reads as under: - “(C) Moreover based on the below CBDT circular any addition made to the profit of the society will also enhance the deduction

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

c) or u/s 36(1) (iii) r.w.s 37 of the Act, from making interest-free advances from out of interest- free funds, if such payments are made towards business purposes and if such payments have been made towards specified intents. yy) The following represent the statutory positions for the impugned A.Y. 2011-12 : (i) Section 14A of the Act provides

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

c) or u/s 36(1) (iii) r.w.s 37 of the Act, from making interest-free advances from out of interest- free funds, if such payments are made towards business purposes and if such payments have been made towards specified intents. yy) The following represent the statutory positions for the impugned A.Y. 2011-12 : (i) Section 14A of the Act provides

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

c) or u/s 36(1) (iii) r.w.s 37 of the Act, from making interest-free advances from out of interest- free funds, if such payments are made towards business purposes and if such payments have been made towards specified intents. yy) The following represent the statutory positions for the impugned A.Y. 2011-12 : (i) Section 14A of the Act provides

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

c) or u/s 36(1) (iii) r.w.s 37 of the Act, from making interest-free advances from out of interest- free funds, if such payments are made towards business purposes and if such payments have been made towards specified intents. yy) The following represent the statutory positions for the impugned A.Y. 2011-12 : (i) Section 14A of the Act provides

FEDBANK FINANCIAL SERVICES LIMITED,ERNAKULAM vs. THE DCIT CIRCLE 1(1), KOCHI, KOCHI

In the result, the appeal of the assessee is allowed

Bench: Shri George George K. & Ms. Padmavathy S.Assessment Year : 2017-18

c) the order has not been made in accordance with any order, direction or instruction issued by the Board under section 119; or (d) the order has not been passed in accordance with any decision which is prejudicial to the assessee, rendered by the jurisdictional Page 7 of 9 High Court or Supreme Court in the case of the assessee

M/S.KERALA STATE WAREHOUSING CORPN,ERNAKULAM vs. THE ACIT, KOCHI

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

Bench: Shri George George K. & Shri Laxmi Prasad Sahum/S. Kerala State Warehousing Vs Acit, Corporate Circle 1(2) Corporation Is Press Road Kochi 682018 Pb No. 1727, Warehousing Corporation Road Ernakulam 682016 Pan – Aabck1583G (Appellant) (Respondent) Assessee By: Shri K. Gopi, Ca Revenue By: Shri Shantam Bose, Cit Dr

c) the order has not been made in accordance with any order, directions or instruction issued by the Board under Section 119; or 14 M/s. Kerala State Warehousing Corporation (d) the order has not been passed in accordance with any decision which is prejudicial to the assessee, rendered by the jurisdictional High Court or Supreme Court in the case

THE ACIT, COCHIN vs. DR. RAMESH KUMAR ISWARA, COCHIN

In the result, the appeal filed by the Revenue is dismissed

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

c) of sub- section (2) of section 119 of the Income Tax Act, 1961, hereby order that the limitation of six months for making the investment u/s. 54EC of capital gains arising from the transfer of a long term capital asset is extended- upto 30th September, 2006 in case of persons where the long- (i) term capital asset was transferred

PALAKKAD SERVICE CO-OPERATIVE BANK LTD,PALAKKAD vs. ITO, PALAKKAD

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

c) of the Act, the Ld.CIT(A) had dismissed the appeal. As against the orders of the Ld.CIT(A), the assessee has filed these appeals with these following concise grounds: Page 3 of 10 S.A. Nos. 4 & 5/Coch/2024 & ITA Nos. 30 & 31/Coch/2024 Assessment Year 2020-21 Assessment Year 2021-22 Page 4 of 10 S.A. Nos. 4 & 5/Coch/2024

PALAKKAD SERVICE CO-OPERATIVE BANK LTD,PALAKKAD vs. ITO, PALAKKAD

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

c) of the Act, the Ld.CIT(A) had dismissed the appeal. As against the orders of the Ld.CIT(A), the assessee has filed these appeals with these following concise grounds: Page 3 of 10 S.A. Nos. 4 & 5/Coch/2024 & ITA Nos. 30 & 31/Coch/2024 Assessment Year 2020-21 Assessment Year 2021-22 Page 4 of 10 S.A. Nos. 4 & 5/Coch/2024

ANGAMALY SERVICE COOPERATIVE BANK LTD NO 714,ANGAMALY vs. INCOME TAX OFFICER, WARD 1 AND TPS, ALUVA, ALUVA

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

Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessment Year: 2019-20 Angamaly Service Co-Operative Bank Ltd. No.714, Angamaly So Vs. Ernakulam Ito Ward-1 & Tps Kerala 683 572 Aluva Pan No : Aacaa1050B Appellant Respondent Appellant By : None. Respondent By : Smt. Leena Lal, Sr. D.R. Date Of Hearing : 28.01.2025 Date Of Pronouncement : 02.04.2025 O R D E R Per Keshav Dubey: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of Cit(A)/Nfac Dated 21.6.2024 Vide Din & Order No. Itba/Nfac/S/250/2024-25/1065923392(1) For The Ay 2019-20. 2. The Assessee Has Raised The Following Grounds Of Appeal: Angamaly Service Co-Operative Bank Ltd., Angamaly Page 2 Of 6

disallowing deduction u/s 80P of the Act on the ground that the assessee did not file the return of income within the due date which is specified in Section 139(1) of the Act. The AO accordingly, computed the total income at Rs. 91,23,250/- and raised demand

SRI.K.RAVINDRANATHAN NAIR,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

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

c) Both AO and CIT (A) failed to appreciate that the appellant had only followed Arms Length Price (ALP) and hence no loss incurred; ALP being cost + in the case of wholes(superior grades) and splits, butts and pieces (inferior grades) at prices corresponding to wt. average market price of direct exports of such grades accepted by the Dept

M/S. VIJAYALAXMICASHEW CO.,,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

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

c) Both AO and CIT (A) failed to appreciate that the appellant had only followed Arms Length Price (ALP) and hence no loss incurred; ALP being cost + in the case of wholes(superior grades) and splits, butts and pieces (inferior grades) at prices corresponding to wt. average market price of direct exports of such grades accepted by the Dept

SRI.R.PRAKASH,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

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

c) Both AO and CIT (A) failed to appreciate that the appellant had only followed Arms Length Price (ALP) and hence no loss incurred; ALP being cost + in the case of wholes(superior grades) and splits, butts and pieces (inferior grades) at prices corresponding to wt. average market price of direct exports of such grades accepted by the Dept

SRI.R. PRATAP,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

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

c) Both AO and CIT (A) failed to appreciate that the appellant had only followed Arms Length Price (ALP) and hence no loss incurred; ALP being cost + in the case of wholes(superior grades) and splits, butts and pieces (inferior grades) at prices corresponding to wt. average market price of direct exports of such grades accepted by the Dept

M/S. VIJAYALAXMICASHEW CO.,,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

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

c) Both AO and CIT (A) failed to appreciate that the appellant had only followed Arms Length Price (ALP) and hence no loss incurred; ALP being cost + in the case of wholes(superior grades) and splits, butts and pieces (inferior grades) at prices corresponding to wt. average market price of direct exports of such grades accepted by the Dept

SMT. T.C. USHA,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

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

c) Both AO and CIT (A) failed to appreciate that the appellant had only followed Arms Length Price (ALP) and hence no loss incurred; ALP being cost + in the case of wholes(superior grades) and splits, butts and pieces (inferior grades) at prices corresponding to wt. average market price of direct exports of such grades accepted by the Dept