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

disallowed 3,200 8,88,689 Business Loss (-) (-)14,03,543 II. Long Term Capital Gain: Sale consideration of 88.740 cents of land 6,50,00,000 Less:Indexed cost of acquisition Cost as on 1.4.81 70,39,220 7039220 x 351/100 247,07,662 Add: Expenses on sale 5,000 247,12,662 Long term capital gain

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

disallowed 3,200 8,88,689 Business Loss (-) (-)14,03,543 II. Long Term Capital Gain: Sale consideration of 88.740 cents of land 6,50,00,000 Less:Indexed cost of acquisition Cost as on 1.4.81 70,39,220 7039220 x 351/100 247,07,662 Add: Expenses on sale 5,000 247,12,662 Long term capital gain

THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.MATHAI XAVIER, 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

disallowed 3,200 8,88,689 Business Loss (-) (-)14,03,543 II. Long Term Capital Gain: Sale consideration of 88.740 cents of land 6,50,00,000 Less:Indexed cost of acquisition Cost as on 1.4.81 70,39,220 7039220 x 351/100 247,07,662 Add: Expenses on sale 5,000 247,12,662 Long term capital gain

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

disallowed 3,200 8,88,689 Business Loss (-) (-)14,03,543 II. Long Term Capital Gain: Sale consideration of 88.740 cents of land 6,50,00,000 Less:Indexed cost of acquisition Cost as on 1.4.81 70,39,220 7039220 x 351/100 247,07,662 Add: Expenses on sale 5,000 247,12,662 Long term capital gain

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

disallowed 3,200 8,88,689 Business Loss (-) (-)14,03,543 II. Long Term Capital Gain: Sale consideration of 88.740 cents of land 6,50,00,000 Less:Indexed cost of acquisition Cost as on 1.4.81 70,39,220 7039220 x 351/100 247,07,662 Add: Expenses on sale 5,000 247,12,662 Long term capital gain

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

disallowed 3,200 8,88,689 Business Loss (-) (-)14,03,543 II. Long Term Capital Gain: Sale consideration of 88.740 cents of land 6,50,00,000 Less:Indexed cost of acquisition Cost as on 1.4.81 70,39,220 7039220 x 351/100 247,07,662 Add: Expenses on sale 5,000 247,12,662 Long term capital gain

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3,27,15,858/-. Thus, a total amount of Rs. 45, 30,81, 080/- was arrived at; eligible for deduction. The provision created being Rs. 97, 03,05,677/-. There was a disallowance of Rs. 51,72,24,597/-, which was added back as income. 10. The specific contention raised by the learned Senior Counsel for the assessee Bank

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3,27,15,858/-. Thus, a total amount of Rs. 45, 30,81, 080/- was arrived at; eligible for deduction. The provision created being Rs. 97, 03,05,677/-. There was a disallowance of Rs. 51,72,24,597/-, which was added back as income. 10. The specific contention raised by the learned Senior Counsel for the assessee Bank

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3,27,15,858/-. Thus, a total amount of Rs. 45, 30,81, 080/- was arrived at; eligible for deduction. The provision created being Rs. 97, 03,05,677/-. There was a disallowance of Rs. 51,72,24,597/-, which was added back as income. 10. The specific contention raised by the learned Senior Counsel for the assessee Bank

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3,27,15,858/-. Thus, a total amount of Rs. 45, 30,81, 080/- was arrived at; eligible for deduction. The provision created being Rs. 97, 03,05,677/-. There was a disallowance of Rs. 51,72,24,597/-, which was added back as income. 10. The specific contention raised by the learned Senior Counsel for the assessee Bank

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3,27,15,858/-. Thus, a total amount of Rs. 45, 30,81, 080/- was arrived at; eligible for deduction. The provision created being Rs. 97, 03,05,677/-. There was a disallowance of Rs. 51,72,24,597/-, which was added back as income. 10. The specific contention raised by the learned Senior Counsel for the assessee Bank

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

3,27,15,858/-. Thus, a total amount of Rs. 45, 30,81, 080/- was arrived at; eligible for deduction. The provision created being Rs. 97, 03,05,677/-. There was a disallowance of Rs. 51,72,24,597/-, which was added back as income. 10. The specific contention raised by the learned Senior Counsel for the assessee Bank

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

3) Computation of profit on sale of green leaves. 4) Taxation of Income from sale of import license. 5) Taxability of miscellaneous income 6) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.1 In I.T.A. No.164/Coch/2017, the following issues are raised: i) Disallowance of claim under section 10(30) for subsidy received from Tea Board

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

3) Computation of profit on sale of green leaves. 4) Taxation of Income from sale of import license. 5) Taxability of miscellaneous income 6) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.1 In I.T.A. No.164/Coch/2017, the following issues are raised: i) Disallowance of claim under section 10(30) for subsidy received from Tea Board

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

3) Computation of profit on sale of green leaves. 4) Taxation of Income from sale of import license. 5) Taxability of miscellaneous income 6) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.1 In I.T.A. No.164/Coch/2017, the following issues are raised: i) Disallowance of claim under section 10(30) for subsidy received from Tea Board

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

3) Computation of profit on sale of green leaves. 4) Taxation of Income from sale of import license. 5) Taxability of miscellaneous income 6) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.1 In I.T.A. No.164/Coch/2017, the following issues are raised: i) Disallowance of claim under section 10(30) for subsidy received from Tea Board

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

3) Computation of profit on sale of green leaves. 4) Taxation of Income from sale of import license. 5) Taxability of miscellaneous income 6) Disallowance of foreign agents commission and expense reimbursement for non deduction of tax. 14.1 In I.T.A. No.164/Coch/2017, the following issues are raised: i) Disallowance of claim under section 10(30) for subsidy received from Tea Board

CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT,CEN- CIRCLE,, KOTTAYAM

In the result, the appeals of the assesses in ITA no

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

disallowed by the Assessing Officer, holding that it was income from other sources. The assessee appealed to the Commissioner, who came to the conclusion that the assessee was liable to pay tax on capital gains on the amount of Rs.35 lacs after deducting an amount of Rs.7 lacs as cost of acquisition. The Department and assessee challenged the decision before