THE DCIT, KOCHI vs. M/S.SFO TECHNOLOGIES P. LTD, ERNAKULAM

In the result, this appeal filed by Revenue in ITA

Bench: Shri George Mathan, Jm & Shri Ramit Kochar, Am

6. The learned CIT(A) has failed to note that the Board vide Circular No.5 of 2014, has clarified that the disallowance is applicable, even in cases where no exempt income was earned during the year, but there is a possibility of earning the exempt income and the circular is not overriding the express provisions of Section 14A read with

THE DCIT, KOCHI vs. M/S.SFO TECHNOLOGIES P. LTD, ALUVA

In the result, this appeal filed by Revenue in ITA

Bench: Shri George Mathan, Jm & Shri Ramit Kochar, Am

6. The learned CIT(A) has failed to note that the Board vide Circular No.5 of 2014, has clarified that the disallowance is applicable, even in cases where no exempt income was earned during the year, but there is a possibility of earning the exempt income and the circular is not overriding the express provisions of Section 14A read with

THE DCIT, KOCHI vs. M/S.SFO TECHNOLOGIES P. LTD, ALUVA

In the result, this appeal filed by Revenue in ITA

Bench: Shri George Mathan, Jm & Shri Ramit Kochar, Am

6. The learned CIT(A) has failed to note that the Board vide Circular No.5 of 2014, has clarified that the disallowance is applicable, even in cases where no exempt income was earned during the year, but there is a possibility of earning the exempt income and the circular is not overriding the express provisions of Section 14A read with

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

6) of section 44AB during the financial year immediately preceding the financial year, which such interest is credited or paid, shall be liable to deduct income-tax under this section.” “Section 2(28A) - “interest" means interest payable in any manner in respect of any moneys borrowed or debt incurred (including a deposit, claim or other similar right or obligation

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

AVINISSERY SERVICE CO-OPERATIVE BANK LTD,THRISSUR vs. THE INCOME TAX OFFICER WARD 2(1),THRISSUR, THRISSUR

disallow deductions claimed under section 80P of the Income-tax Act, notwithstanding that mere nomenclature or registration certificates issued under the Kerala Act would show that the assessees are primary agricultural credit societies. These divergent decisions led to a reference order dated 9-7-2018 to a Full Bench of the Kerala High Court.* - *5. The Full Bench

THE ITO, TRIVANDRUM vs. M/S.PERRORKADA SERVICE CO-OP BANK LTD, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

6. The next issue for the assessment year 2013-14 is with regard to deduction u/s. 80P(2)(a)(i) of the Act. This issue was allowed by the CIT(A) in the light of the order of the Tribunal in the case of Kizhathadiyoor Co-operative Bank Limited for AY 2009-10 in ITA No. 525/Coch/2014, order dated

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

6. The next issue for the assessment year 2013-14 is with regard to deduction u/s. 80P(2)(a)(i) of the Act. This issue was allowed by the CIT(A) in the light of the order of the Tribunal in the case of Kizhathadiyoor Co-operative Bank Limited for AY 2009-10 in ITA No. 525/Coch/2014, order dated

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

6. The next issue for the assessment year 2013-14 is with regard to deduction u/s. 80P(2)(a)(i) of the Act. This issue was allowed by the CIT(A) in the light of the order of the Tribunal in the case of Kizhathadiyoor Co-operative Bank Limited for AY 2009-10 in ITA No. 525/Coch/2014, order dated

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

6. The next issue for the assessment year 2013-14 is with regard to deduction u/s. 80P(2)(a)(i) of the Act. This issue was allowed by the CIT(A) in the light of the order of the Tribunal in the case of Kizhathadiyoor Co-operative Bank Limited for AY 2009-10 in ITA No. 525/Coch/2014, order dated

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

6. The next issue for the assessment year 2013-14 is with regard to deduction u/s. 80P(2)(a)(i) of the Act. This issue was allowed by the CIT(A) in the light of the order of the Tribunal in the case of Kizhathadiyoor Co-operative Bank Limited for AY 2009-10 in ITA No. 525/Coch/2014, order dated

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

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

section 40(a)(iib) is satisfied, no disallowance could be made u/s. 40(a)(iib) of the act. In the interest of justice, we remit this issue back to the Ld.AO to carry out a de novo assessment. The Ld.AO is directed to carry out Page 8 of 8 ITA Nos. 133 to 137/Coch/2023 necessary verification by issuing 133(6

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

section 40(a)(iib) is satisfied, no disallowance could be made u/s. 40(a)(iib) of the act. In the interest of justice, we remit this issue back to the Ld.AO to carry out a de novo assessment. The Ld.AO is directed to carry out Page 8 of 8 ITA Nos. 133 to 137/Coch/2023 necessary verification by issuing 133(6

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

section 40(a)(iib) is satisfied, no disallowance could be made u/s. 40(a)(iib) of the act. In the interest of justice, we remit this issue back to the Ld.AO to carry out a de novo assessment. The Ld.AO is directed to carry out Page 8 of 8 ITA Nos. 133 to 137/Coch/2023 necessary verification by issuing 133(6

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

section 40(a)(iib) is satisfied, no disallowance could be made u/s. 40(a)(iib) of the act. In the interest of justice, we remit this issue back to the Ld.AO to carry out a de novo assessment. The Ld.AO is directed to carry out Page 8 of 8 ITA Nos. 133 to 137/Coch/2023 necessary verification by issuing 133(6

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

section 40(a)(iib) is satisfied, no disallowance could be made u/s. 40(a)(iib) of the act. In the interest of justice, we remit this issue back to the Ld.AO to carry out a de novo assessment. The Ld.AO is directed to carry out Page 8 of 8 ITA Nos. 133 to 137/Coch/2023 necessary verification by issuing 133(6

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