THE ITO, WARD-2, THODUPUZHA, THODUPUZHA vs. SRI.MARTIN JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

Section 147 on the differential total income of Rs.3,88,83,800/-. The assessee carried the matter in appeal before the Commissioner of Income Tax (Appeals), who confirmed the order of assessment. The matter was carried in appeal to the Tribunal and by the impugned order, the Tribunal allowed the appeal of the assessee, accepting the sale value as returned

THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.E.J.SONY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

Section 147 on the differential total income of Rs.3,88,83,800/-. The assessee carried the matter in appeal before the Commissioner of Income Tax (Appeals), who confirmed the order of assessment. The matter was carried in appeal to the Tribunal and by the impugned order, the Tribunal allowed the appeal of the assessee, accepting the sale value as returned

SRI.ESSA ISMAIL SAIT,ERNAKULAM vs. THE ACIT,CIR-2(1),, ERNAKULAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

Section 147 on the differential total income of Rs.3,88,83,800/-. The assessee carried the matter in appeal before the Commissioner of Income Tax (Appeals), who confirmed the order of assessment. The matter was carried in appeal to the Tribunal and by the impugned order, the Tribunal allowed the appeal of the assessee, accepting the sale value as returned

THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.TOMY MATHEW PARTNER OF MATHAI SONS, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

Section 147 on the differential total income of Rs.3,88,83,800/-. The assessee carried the matter in appeal before the Commissioner of Income Tax (Appeals), who confirmed the order of assessment. The matter was carried in appeal to the Tribunal and by the impugned order, the Tribunal allowed the appeal of the assessee, accepting the sale value as returned

THEACIT, CIR-1(1),EKM, ERNAKULAM vs. SRI.E.M.JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

Section 147 on the differential total income of Rs.3,88,83,800/-. The assessee carried the matter in appeal before the Commissioner of Income Tax (Appeals), who confirmed the order of assessment. The matter was carried in appeal to the Tribunal and by the impugned order, the Tribunal allowed the appeal of the assessee, accepting the sale value as returned

THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.E.M.PAUL, EDAKATTUKUDIYIL, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

Section 147 on the differential total income of Rs.3,88,83,800/-. The assessee carried the matter in appeal before the Commissioner of Income Tax (Appeals), who confirmed the order of assessment. The matter was carried in appeal to the Tribunal and by the impugned order, the Tribunal allowed the appeal of the assessee, accepting the sale value as returned

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

Section 36(1) (vii)of the Act, in consonance, with Vijaya Bank (supra) and the declaration made therein. The income tax appeals are partly allowed.” 8. We thus restore the assessee’s instant sec.36(1)(vii) disallowance back to the Assessing Officer for afresh verification in light of “Vijay Bank” and the relevant write off in the balance sheet

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

Section 36(1) (vii)of the Act, in consonance, with Vijaya Bank (supra) and the declaration made therein. The income tax appeals are partly allowed.” 8. We thus restore the assessee’s instant sec.36(1)(vii) disallowance back to the Assessing Officer for afresh verification in light of “Vijay Bank” and the relevant write off in the balance sheet

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

Section 36(1) (vii)of the Act, in consonance, with Vijaya Bank (supra) and the declaration made therein. The income tax appeals are partly allowed.” 8. We thus restore the assessee’s instant sec.36(1)(vii) disallowance back to the Assessing Officer for afresh verification in light of “Vijay Bank” and the relevant write off in the balance sheet

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

Section 36(1) (vii)of the Act, in consonance, with Vijaya Bank (supra) and the declaration made therein. The income tax appeals are partly allowed.” 8. We thus restore the assessee’s instant sec.36(1)(vii) disallowance back to the Assessing Officer for afresh verification in light of “Vijay Bank” and the relevant write off in the balance sheet

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

Section 36(1) (vii)of the Act, in consonance, with Vijaya Bank (supra) and the declaration made therein. The income tax appeals are partly allowed.” 8. We thus restore the assessee’s instant sec.36(1)(vii) disallowance back to the Assessing Officer for afresh verification in light of “Vijay Bank” and the relevant write off in the balance sheet

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

Section 36(1) (vii)of the Act, in consonance, with Vijaya Bank (supra) and the declaration made therein. The income tax appeals are partly allowed.” 8. We thus restore the assessee’s instant sec.36(1)(vii) disallowance back to the Assessing Officer for afresh verification in light of “Vijay Bank” and the relevant write off in the balance sheet

THE ACIT, COCHIN vs. M/S. KANNAN DEVAN HILLS PLANTATIONS CO., P. LTD, IDUKKI

In the result, the appeals filed by the assessee are allowed and the appeals filed

Bench: S/Shri George George K., Jm & Manjunatha G., Am

section 14A. iii) Taxation of Income from sale of import license. iv) Taxability of miscellaneous income v) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.2 Since issues raised in Revenue’s appeals in I.T.A. No. 163/Coch/2017 and 164/Coch/2017 are identical to the issues raised in I.T.A. No. 131/Coch/2017, our reasoning/finding in I.T.A. No. 131/Coch/2017

M/S.KANNAN DEVAN HILLS PLANTATIONS CO. P. LTD,MUNNAR vs. THE ACIT, TRIVANDRUM

In the result, the appeals filed by the assessee are allowed and the appeals filed

Bench: S/Shri George George K., Jm & Manjunatha G., Am

section 14A. iii) Taxation of Income from sale of import license. iv) Taxability of miscellaneous income v) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.2 Since issues raised in Revenue’s appeals in I.T.A. No. 163/Coch/2017 and 164/Coch/2017 are identical to the issues raised in I.T.A. No. 131/Coch/2017, our reasoning/finding in I.T.A. No. 131/Coch/2017

M/S.KANNAN DEVAN HILLS PLANTATIONS CO. P. LTD,MUNNAR vs. THE ACIT, COCHIN

In the result, the appeals filed by the assessee are allowed and the appeals filed

Bench: S/Shri George George K., Jm & Manjunatha G., Am

section 14A. iii) Taxation of Income from sale of import license. iv) Taxability of miscellaneous income v) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.2 Since issues raised in Revenue’s appeals in I.T.A. No. 163/Coch/2017 and 164/Coch/2017 are identical to the issues raised in I.T.A. No. 131/Coch/2017, our reasoning/finding in I.T.A. No. 131/Coch/2017

THE ACIT, COCHIN vs. M/S. KANNAN DEVAN HILLS PLANTATIONS CO., P. LTD, IDUKKI

In the result, the appeals filed by the assessee are allowed and the appeals filed

Bench: S/Shri George George K., Jm & Manjunatha G., Am

section 14A. iii) Taxation of Income from sale of import license. iv) Taxability of miscellaneous income v) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.2 Since issues raised in Revenue’s appeals in I.T.A. No. 163/Coch/2017 and 164/Coch/2017 are identical to the issues raised in I.T.A. No. 131/Coch/2017, our reasoning/finding in I.T.A. No. 131/Coch/2017

M/S.KANNAN DEVAN HILLS PLANTATIONS CO. P. LTD,MUNNAR vs. THE ACIT, COCHIN

In the result, the appeals filed by the assessee are allowed and the appeals filed

Bench: S/Shri George George K., Jm & Manjunatha G., Am

section 14A. iii) Taxation of Income from sale of import license. iv) Taxability of miscellaneous income v) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.2 Since issues raised in Revenue’s appeals in I.T.A. No. 163/Coch/2017 and 164/Coch/2017 are identical to the issues raised in I.T.A. No. 131/Coch/2017, our reasoning/finding in I.T.A. No. 131/Coch/2017

M/S.MALANKARA ORTHODOX SYRIAN CHURCH MEDICAL MISSION HOSPITAL,COCHIN vs. THE DY DIT (EXEMPTION), COCHIN

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

Bench: S/Shri Abraham P George, Am & George George K, Jm Malankara Orthodox Syrian Church Vs The Dy Director Of Income Tax Medical Mission Hospital (Exemption) Kolencherry 682 311 Kochi ( Appellant) (Respondent)

Disallowance of provision for gratuity will not result in a situation where income determined by the Assessing Officer is in excess of the income as shown in the accounts of the assessee. The Hon. High Court of Calcutta in Commissioner of Income Tax Vs. Birla Education Trust reported in (1985) 153 ITR 0579 has clearly dealt with the issue