THE MAHADEVIKAD SERVICE CO-OP BANK LTD,ALAPPUZHA vs. THE ITO WARD 5 , ALAPPUZHA

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2017-18

disallowed the assessee's claim under section 80P by wrongly holding that the assessee had not filed any return of income for the year. 5. The CIT[A] should have considered the return of income filed by the assessee and granted the deduction under section 80P as claimed in the return. 5. The CIT[A] should have noted that

MUTHOOT FINCORP LIMITED,THIRUVANANTHAPURAM vs. JCIT, SPECIAL RANGE, THIRUVANANTHAPURAM

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm

disallowance is attracted when an individual, who is liable to deduct tax on any interest payable to a resident on which tax is deductible at source, commits default. The language of the Section does not warrant an interpretation that it is attracted only if the interest remains payable on the last day of the financial year. If this contention

MUTHOOT FINCORP LIMITED,THIRUVANANTHAPURAM vs. JCIT, SPECIAL RANGE, THIRUVANANTHAPURAM

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm

disallowance is attracted when an individual, who is liable to deduct tax on any interest payable to a resident on which tax is deductible at source, commits default. The language of the Section does not warrant an interpretation that it is attracted only if the interest remains payable on the last day of the financial year. If this contention

MUTHOOT FINCORP LIMITED,TRIVANDRUM vs. ITO,CIRCLE CENTRAL, TRIVANDRUM

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm

disallowance is attracted when an individual, who is liable to deduct tax on any interest payable to a resident on which tax is deductible at source, commits default. The language of the Section does not warrant an interpretation that it is attracted only if the interest remains payable on the last day of the financial year. If this contention

RAJU JOSEPH VAYALAT,ERNAKULAM vs. ITO, WARD-2(5), KOCHI

In the result, the appeal of the assessee is dismissed

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

133(6) to the said creditor, no confirmation was received. The assessee also failed to produce any evidence regarding the claimed cost of improvement of Rs. 35,77,949 while computing long-term capital gains on sale of land. In the absence of any corroborative material, both the AO and the CIT(A) were justified in making/sustaining the additions. Even

KERALA STATE ELECTRICITY BOARD LTD,THIRUVANANTHAPURAM vs. THE ACIT, CIR-1(1), TVM, TVM

In the result, all the appeals filed by the assessee stands allowed for statistical purposes

Bench: Smt. Beena Pillai & Shri Waseem Ahmed

disallowed u/S.40(a)(iib) of the IT Act in the computation of income from business. 2.3 The Ld.AR submitted that the Electricity Duty under 3(1) of the Kerala Electricity Duty Act, 1963 is payable by every licensee in the State of Kerala and term licensee as defined in Section to Page 3 of 8 ITA Nos. 133

KERALA STATE ELECTRICITY BOARD LTD,THIRUVANANTHAPURAM vs. THE ACIT, CIR-1(1), TVM, TVM

In the result, all the appeals filed by the assessee stands allowed for statistical purposes

Bench: Smt. Beena Pillai & Shri Waseem Ahmed

disallowed u/S.40(a)(iib) of the IT Act in the computation of income from business. 2.3 The Ld.AR submitted that the Electricity Duty under 3(1) of the Kerala Electricity Duty Act, 1963 is payable by every licensee in the State of Kerala and term licensee as defined in Section to Page 3 of 8 ITA Nos. 133

KERALA STATE ELECTRICITY BOARD LTD,THIRUVANANTHAPURAM vs. THE ACIT, CIR-1(1), TVM, TVM

In the result, all the appeals filed by the assessee stands allowed for statistical purposes

Bench: Smt. Beena Pillai & Shri Waseem Ahmed

disallowed u/S.40(a)(iib) of the IT Act in the computation of income from business. 2.3 The Ld.AR submitted that the Electricity Duty under 3(1) of the Kerala Electricity Duty Act, 1963 is payable by every licensee in the State of Kerala and term licensee as defined in Section to Page 3 of 8 ITA Nos. 133

KERALA STATE ELECTRICITY BOARD LTD,THIRUVANANTHAPURAM vs. THE ACIT, CIR-1(1), TVM, TVM

In the result, all the appeals filed by the assessee stands allowed for statistical purposes

Bench: Smt. Beena Pillai & Shri Waseem Ahmed

disallowed u/S.40(a)(iib) of the IT Act in the computation of income from business. 2.3 The Ld.AR submitted that the Electricity Duty under 3(1) of the Kerala Electricity Duty Act, 1963 is payable by every licensee in the State of Kerala and term licensee as defined in Section to Page 3 of 8 ITA Nos. 133

KERALA STATE ELECTRICITY BOARD LTD,THIRUVANANTHAPURAM vs. THE ACIT, CIR-1(1), TVM, TVM

In the result, all the appeals filed by the assessee stands allowed for statistical purposes

Bench: Smt. Beena Pillai & Shri Waseem Ahmed

disallowed u/S.40(a)(iib) of the IT Act in the computation of income from business. 2.3 The Ld.AR submitted that the Electricity Duty under 3(1) of the Kerala Electricity Duty Act, 1963 is payable by every licensee in the State of Kerala and term licensee as defined in Section to Page 3 of 8 ITA Nos. 133

SYEDALI EBRAHIM,THIRUVANANTHAPURAM vs. ITO WARD-1(1), THIRUVANANTHAPURAM

Bench: SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

133(6) is factually incorrect, as the bank had sanctioned the loan to the appellant and has issued a confirmation letter to this effect. F. The appellant craves to add, modify, substitute, alter or delete any of the grounds in this appeal.” 3. The relevant facts in brief are that the Assessment for the Assessment Year 2016-17 was framed

APOLLO TYRES LTD.,COCHIN vs. DCIT CORPORATE CIR 1(1), KOCHI

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

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm Assessment Year: 2020-21 Apollo Tyres Ltd. .......... Appellant 3Rd Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036 [Pan: Aaaca6990Q] Vs. Acit, Corporate Circle-1(1), Kochi ......... Respondent Assessee By: Shri Abraham Joseph Markos, Adv. Revenue By: Shri Sanjit Kumar Das, Cit-Dr Date Of Hearing: 20.08.2025 Date Of Pronouncement: 10.09.2025

133,26/- Total Rs. 11620.54/- The AO was of the opinion that in the absence of quantification of expenditure by DSIR the balance amount cannot be allowed. Accordingly made addition u/s. 35(2AB) of Rs. 36,69,03,588/- 5. On receipt of the draft assessment order, the appellant company filed objections before the Dispute Resolution Panel (DRP) contesting

MALA BLOCK TOWN CO-OERATIVE BANK,THRISSUR vs. ITO, THRISSUR

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

disallowance of interest income from Treasury of Rs.4,16,125/- us/ 80P(2)(d) of the Income-tax Act, 1961. Assessing Officer relied on the decision of the Hon'ble High Court of Kerala in the case of Peroorkada Service Cooperative Bank (ITA Nos.142 & 323/2019 dated 01.11.2021 in Para no. 15 mentioned as under- "15. In ITA No.142/2019

MALA BLOCK TOWN CO-OP BANK LTD,THRISSUR vs. THE ITO , THRISSUR

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

disallowance of interest income from Treasury of Rs.4,16,125/- us/ 80P(2)(d) of the Income-tax Act, 1961. Assessing Officer relied on the decision of the Hon'ble High Court of Kerala in the case of Peroorkada Service Cooperative Bank (ITA Nos.142 & 323/2019 dated 01.11.2021 in Para no. 15 mentioned as under- "15. In ITA No.142/2019

ABC SALES CORPORATION,KANNUR vs. ACIT, CENTRAL CIRCLE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 145(3) of the Income Tax Act, which apply in cases of discrepancies in the books of accounts, were not invoked in this case. Therefore, we set aside the findings of the learned CIT(A) and direct the Assessing Officer to delete the addition made by him. Consequently, the assessee’s ground of appeal is hereby allowed. 56. Coming

ABC BUILDWAERS INDIA (P) LIMITED,KANNUR vs. ACIT, CENTRAL CIRCLE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 145(3) of the Income Tax Act, which apply in cases of discrepancies in the books of accounts, were not invoked in this case. Therefore, we set aside the findings of the learned CIT(A) and direct the Assessing Officer to delete the addition made by him. Consequently, the assessee’s ground of appeal is hereby allowed. 56. Coming

RUCHIT PARIMAL ASHAR,SANALA ROAD, MORBI vs. ACIT, CENTRAL CIRLCE-1, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 145(3) of the Income Tax Act, which apply in cases of discrepancies in the books of accounts, were not invoked in this case. Therefore, we set aside the findings of the learned CIT(A) and direct the Assessing Officer to delete the addition made by him. Consequently, the assessee’s ground of appeal is hereby allowed. 56. Coming

ABC BUILDWARES(P) LIMITED,KANNUR vs. ACIT, CENTRAL CIRCLE-1`, KOZHIKODE

In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 145(3) of the Income Tax Act, which apply in cases of discrepancies in the books of accounts, were not invoked in this case. Therefore, we set aside the findings of the learned CIT(A) and direct the Assessing Officer to delete the addition made by him. Consequently, the assessee’s ground of appeal is hereby allowed. 56. Coming