M/S POPULAR FINANCE COMPANY,PATHANAMTHITTA vs. THE ACIT,CIR-1,, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

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

b) Whether interest expenditure incurred on public deposits is covered by the provisions of explanation to Section 37(1) of the Income Tax Act? c) If not covered by section 37(1) of the IT. Act, whether the interest expenditure disallowable either in total or in part under section 36(1 )(iii) of the Income

AYUR GREEN AYURVEDA HOSPITALS PRIVATE LIMITED,MALAPPURAM vs. DCIT, CPC, BENGALURU, BENGALURU

In the result, the assessee’s appeal is dismissed

Bench: Shri Sanjay Arora & Dr. S. Seethalakshmiayurgreen Ayurveda Hospsitals Vs Dcit, Private Limited Cpc, Door No. 1/301 Ayurgreen Bengaluru. Ayurveda Hospitals, Kaladi Mlp Edappal, Malappuram-679585. (Appellant) (Respondent) Pan No. Aaica 4294 M

b) and therefore allowable as deduction on payment basis, if paid before the due date u/s 139(1). Accordingly we wish to inform you that, all payments were done before the due date under 139(1). The said date for the assessment year 2018/19 was 30/09/2018.” 7. On the other hand, the ld. DR supported the order

THE ACIT, THIRUVALLA vs. M/S.MUTHOOT PROPERTIES & INVESTMENTS, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

b) Whether interest expenditure incurred on public deposits is covered by the provisions of explanation to Section 37(1) of the Income Tax Act? c) If not covered by section 37(1) of the IT. Act, whether the interest expenditure disallowable either in total or in part under section 36(1 )(iii) of the Income

DCIT, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

b) Whether interest expenditure incurred on public deposits is covered by the provisions of explanation to Section 37(1) of the Income Tax Act? c) If not covered by section 37(1) of the IT. Act, whether the interest expenditure disallowable either in total or in part under section 36(1 )(iii) of the Income

THE ACIT, THIRUVALLA vs. M/S.MUTHOOT PROPERTIES & INVESTMENTS, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

b) Whether interest expenditure incurred on public deposits is covered by the provisions of explanation to Section 37(1) of the Income Tax Act? c) If not covered by section 37(1) of the IT. Act, whether the interest expenditure disallowable either in total or in part under section 36(1 )(iii) of the Income

DCIT, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

b) Whether interest expenditure incurred on public deposits is covered by the provisions of explanation to Section 37(1) of the Income Tax Act? c) If not covered by section 37(1) of the IT. Act, whether the interest expenditure disallowable either in total or in part under section 36(1 )(iii) of the Income

DCIT, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

b) Whether interest expenditure incurred on public deposits is covered by the provisions of explanation to Section 37(1) of the Income Tax Act? c) If not covered by section 37(1) of the IT. Act, whether the interest expenditure disallowable either in total or in part under section 36(1 )(iii) of the Income

DCIT, THIRUVALLA vs. MUTHOOT PROPERTIES & INVESTMENTS,, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

b) Whether interest expenditure incurred on public deposits is covered by the provisions of explanation to Section 37(1) of the Income Tax Act? c) If not covered by section 37(1) of the IT. Act, whether the interest expenditure disallowable either in total or in part under section 36(1 )(iii) of the Income

THE ACIT, CIRCLE-1, THIRUVALLA, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, PATHANAMTHITTA

In the result, the appeals of the Revenue are partly allowed for statistical

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

b) Whether interest expenditure incurred on public deposits is covered by the provisions of explanation to Section 37(1) of the Income Tax Act? c) If not covered by section 37(1) of the IT. Act, whether the interest expenditure disallowable either in total or in part under section 36(1 )(iii) of the Income

MR.THOMAS DANIEL,PATHANAMTHITTA vs. THE ITO, WARD-4, THIRUVALLA

In the result, the appeal of the assessee is dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.68/Coch/2018 Assessment Year : 2014-15

B on any such sum but is not deemed to be an assessee in default under the first proviso to sub-section (1) of section 201, then, for the purpose of this sub- clause, it shall be deemed that the assessee has deducted and paid the tax on such sum on the date of furnishing of return of income

AROOR CO-OP URBAN SOCIETY LTD,KOZHIKKODE vs. ITO, KOZHIKKODE

In the result, the appeal filed by the assessee is partly allowed

Bench: Shrigeorge George K.And Shrilaxmi Prasad Sahuaroor Co-Operative Urbn Society Dcit, Central Prossing Centre Aroor P.O., Kakkattil 673507 Bangalore Vs.

1) or section 148 can also be accepted and acted upon provided further proceedings in relation to such assessments are pending in the statutory hierarchy of adjudication in terms of the provisions of the IT Act. In all such situations, it cannot be treated that a return filed at any stage of such proceedings could be treated

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

b) “public company” shall have the meaning assigned to it in section 3 of the Companies Act, 1956 (1 15 ITA Nos.393-399/Coch/2023. Federal Bank Limited. of 1956); (c) “Government company” shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956);” 24. There is no dispute that the Assessee is eligible to claim

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

b) “public company” shall have the meaning assigned to it in section 3 of the Companies Act, 1956 (1 15 ITA Nos.393-399/Coch/2023. Federal Bank Limited. of 1956); (c) “Government company” shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956);” 24. There is no dispute that the Assessee is eligible to claim

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

b) “public company” shall have the meaning assigned to it in section 3 of the Companies Act, 1956 (1 15 ITA Nos.393-399/Coch/2023. Federal Bank Limited. of 1956); (c) “Government company” shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956);” 24. There is no dispute that the Assessee is eligible to claim

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

b) “public company” shall have the meaning assigned to it in section 3 of the Companies Act, 1956 (1 15 ITA Nos.393-399/Coch/2023. Federal Bank Limited. of 1956); (c) “Government company” shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956);” 24. There is no dispute that the Assessee is eligible to claim

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

b) “public company” shall have the meaning assigned to it in section 3 of the Companies Act, 1956 (1 15 ITA Nos.393-399/Coch/2023. Federal Bank Limited. of 1956); (c) “Government company” shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956);” 24. There is no dispute that the Assessee is eligible to claim

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

b) “public company” shall have the meaning assigned to it in section 3 of the Companies Act, 1956 (1 15 ITA Nos.393-399/Coch/2023. Federal Bank Limited. of 1956); (c) “Government company” shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956);” 24. There is no dispute that the Assessee is eligible to claim

DCIT, TRIVANDRUM vs. BRAHMOS AEROSPACE( THIRUVANANTHAPURAM) LTD, TRIVANDRUM

In the result, the appeal filedby

Bench: Shri George Mathan, Jm & Shri Ramit Kochar, Am Deputy Commissioner Brahmos Aerospace Of Income Tax, (Thiruvananthapuram) Ltd., Circle-1(1), V. Chackai, Thiruvananthapuram Beach Post, Kerala Tiruvananthapuram, Kerala Pan – Aabck2217K Appellant Respondent

1, the Supreme Court observed at Page 694 as under :- "The above observations do not rule out a case for raising an additional ground before the Appellate Assistant Commissioner if the ground so raised could not have been raised at that particular stage when the return was filed or when the assessment order was made, or that the ground became