JACOB THOMAS,KOZHENCHERRY vs. ACIT, THIRUVALLA RANGE, THIRUVALLA

In the result, appeal filed by the assessee stands dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm Assessment Year: 2016-17 Jacob Thomas .......... Appellant 1, Mulamoottil, Kozhencherry 689641 [Pan: Ackpt3269L] Vs. Acit, Ward-1 & Tps, Thiruvalla .......... Respondent Appellant By: Shri Rajakannan, Advocate Respondent By: Shri Sanjit Kumar Das, Cit-Dr Date Of Hearing: 20.03.2025 Date Of Pronouncement: 14.05.2025 O R D E R Per: Inturi Rama Rao, Am This Appeal Filed By The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi [Cit(A)], Dated 27.12.2023 For Assessment Year (Ay) 2016-17. 2. Brief Facts Of The Case Are That The Appellant Is An Individual. The Return Of Income For Ay 2016-17 Was Filed On 17.10.2016 Declaring Income Of Rs. 37,97,390/-. Against The Said Return Of Income, The Assessment Was Completed By The Acit, Ward -1, Thriuvalla (Hereinafter Called "The Ao") Vide Order Dated 21.12.2018

disallowance of Rs. 5,04,42,154/- u/s. 37 and 68 of the Act. While completing the assessment the AO had not charged interest u/s. 234B of the Act and determined the tax liability. Therefore, the AO issued notice u/s. 154 of the Act dated 26.08.2019 proposing to levy interest u/s. 234B of the Act. In response to the notice

KERALA STATE CO-OPERATIVE BANK LTD,THIRUVANANTHAPURAM vs. DCIT,CIRCLE-1(1), THIRUVANANHAPURAM

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Assessment Year : 2018-19

207/-. The assessee further submitted that further details of declaration filed in form 15G/15H and the name of the depositors and the full details could not be collected in order to give explanations to the proposal because of the technical error in the system. 3. In respect of the deduction claimed for the provision made for the bad and doubtful

SMT.K.B.SONY,COCHIN vs. THE DCIT, COCHIN

In the result, i) The appeal of the assessee in ITA No

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

Section 36 deals with other deduction in respect of premium paid, interest etc. 3.7 In the present case, there is no allegation by the Assessing Officer that the sassessee has not incurred any expenditure. The only allegation is that the assessee has not rendered any services to M/s. Rosy Blue (India) Pvt. Ltd. In our opinion when there

MUTHOOT BANKERS,PERUMBAVOOR vs. ITO, WARD-2, ALUVA

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

Bench: Shri Inturi Rama Rao (Accountant Member), Shri Sonjoy Sarma (Judicial Member)

207). However, the Assessing Officer rejected the explanation and held that interst expenditure was not incurred in relation to income, therefore, disallowed Rs.5,00,000/- on account of interest paid to partners by assessing total income of the assessee at Rs.37,410/-. 3. Aggrieved by the above order, the assessee preferred an appeal before the ld. CIT(A) wherein

ITO, TRIVANDRUM vs. SHRI GOPINATH MUTHUKAD, TRIVANDRUM

In the result, the appeal of the Revenue is allowed and the Cross Objection

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

disallowing the claim for certain expenditure raised by the I.T.A. No.349/Coch/2009 & C.O. No.32/Coch/2009 assessee.llant. Aggrieved by the said order the assessee already filed an appeal against the above order. Subsequently, the Commissioner of Income tax, Calicut by invoking the provisions of section 263 of the Income tax Act, set aside the assessment order stating that the order passed

KERALA SHIPPING AND INLAND NAVIGATION CORPORATION LIMITED,ERNAKULAM vs. DEPUTY COMMISSIONER OF INCOME TAX , CORPORATE CIRCLE 1(1), KOCHI

In the result appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Kerala Shipping & Inalnd Dcit, Corporate Circle - 1(1) Navigtation Corporation C.R. Building, I.S. Pres Road 38/924-A, Udaya Nagar Road Kochi 682018 Vs. Gandhi Nagar Kochi 682020 [Pan: Aabck4818L] (Appellant) (Respondent)

section 263 of the Act set aside the assessment order for fresh assessment with the following direction: “Hence, the Assessment Order u/s 143(3) dated 19/05/2021 is set aside to the Assessing Officer to consider the below matter: 1) For AY 2018-19 assessee had declared Rs.80,70,207/- as the interest Income (Income from other Source) in the return