MINA WOOD INDUSTRIES,MATTANNUR vs. ITO, W-3, KANNUR

The appeals are allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhmina Wood Industries The Income Tax Officer Iii/656 B, Kallur Ward - 3, Kannur Mattannur Vs. Kannur 670702 [Pan: Aagfm2716D] (Appellant) (Respondent)

disallowance is not sustainable once the corresponding recipient happened to be the state itself or its other statutory bodies as under: - “7. Heard the ld, AR and perused the material available on record. We find that there is no dispute in respect of said West Bengal State Electricity Distribution Company Limited (WBSEDCI.) is controlled and owned by the Govt

M/S.ILAHIYA TRUST,MUVATTUPUZHA,ERNAKULAM vs. THE ACIT,(EXEMPTION), KOCHI

In the result, the appeal and stay application filed by the assessee are dismissed

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

3) of the I.T.Act. Therefore, there is clear violation of provisions of section 13(1)(c) of the I.T.Act. The contention of the assessee that the amounts were returned by account payee cheques and within a short period is of no consequence. Only a small portion of the advance was repaid to the assessee trust within four months from

THE ACIT, ERNAKULAM vs. M/S.NITTA GELATINE INDIA LTD, COCHIN

In the result, the appeal of the Revenue in ITA No

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

13. The Ld. AR submitted that the exemption from application of section 40A(3) as provided in clause (e) of Rule 6DD of the Act (covered by clause (f) thereof upto 7th amendment Rules w.e.f. AY 2009-10 states as under: e) where the payment is made for the purchase of - i) agricultural or forest produce; or ii)the produce

THE ACIT, COCHIN vs. M/S.NITTA GELATINE INDIA LTD, COCHIN

In the result, the appeal of the Revenue in ITA No

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

13. The Ld. AR submitted that the exemption from application of section 40A(3) as provided in clause (e) of Rule 6DD of the Act (covered by clause (f) thereof upto 7th amendment Rules w.e.f. AY 2009-10 states as under: e) where the payment is made for the purchase of - i) agricultural or forest produce; or ii)the produce

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

THE DCIT, COCHIN vs. M/S.ASPINWALL & CO. LTD, COCHIN

In the result,the appeal of the Revenue in ITA No

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

3) Harrisons Malayalam Limited vs. DCIT (24 taxmann.com 59) (Kochi Trib.) 4) CIT vs. Rajagiri Rubber & Produce Co. Ltd. (189 ITR 182) (Ker.) I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 8.6 The Ld. DR submitted that decision relied upon by the assessee was given in an entirely different context. At that point of time income form value added rubber was never

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

3) Harrisons Malayalam Limited vs. DCIT (24 taxmann.com 59) (Kochi Trib.) 4) CIT vs. Rajagiri Rubber & Produce Co. Ltd. (189 ITR 182) (Ker.) I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 8.6 The Ld. DR submitted that decision relied upon by the assessee was given in an entirely different context. At that point of time income form value added rubber was never

M/S ASPINWALL & CO.,LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

3) Harrisons Malayalam Limited vs. DCIT (24 taxmann.com 59) (Kochi Trib.) 4) CIT vs. Rajagiri Rubber & Produce Co. Ltd. (189 ITR 182) (Ker.) I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 8.6 The Ld. DR submitted that decision relied upon by the assessee was given in an entirely different context. At that point of time income form value added rubber was never

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

3) Harrisons Malayalam Limited vs. DCIT (24 taxmann.com 59) (Kochi Trib.) 4) CIT vs. Rajagiri Rubber & Produce Co. Ltd. (189 ITR 182) (Ker.) I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 8.6 The Ld. DR submitted that decision relied upon by the assessee was given in an entirely different context. At that point of time income form value added rubber was never

THE ACIT, KOCHI vs. M/S.FEDERAL BANK LTD, KOCHI

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

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

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

THE FEDERAL BANK LTD,ALUVA vs. THE ACIT, KOCHI

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

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

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

ACIT, KOCHI vs. FEDERAL BANK LTD, ALUVA

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

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

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

THE ACIT, , KOCHI vs. M/S.FEDERAL BANK LTD, KOCHI

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

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

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee

THE FEDERAL BANK LTD,ALUVA vs. THE ACIT, KOCHI

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

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

3) of the Act, the AO added the entire exempt income as addition u/s.14A of the Act by observing that during discussion, the Assessee agreed to such addition. In respect of the other AY 2012- 13 to 2014-15, the AO disallowed expenditure in accordance with Rule 8D of the Rules. On appeal by the Assessee