KSEB EMPLOYEES CO OP SOCIETY,KALLARKUTTY vs. ITO,WARD 1 & TPS, THODUPUZHA
In the result, appeal filed by the assessee is partly allowed for statistical purposes
ITA 593/COCH/2024[2020-21]Status: DisposedITAT Cochin02 Apr 2025AY 2020-21
Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessment Year: 2020-21 Kseb Employees Co-Op. Society Kallarkutty Kallarkutty Po Assessment Unit Vs. Idukki 685 562 Nfac Kerala Delhi Pan No : Aacak8820H Appellant Respondent Appellant By : Shri Mathew Joseph, A.R. Respondent By : Smt. Leena Lal, Sr. D.R. Date Of Hearing : 20.02.2025 Date Of Pronouncement : 02.04.2025 O R D E R Per Keshav Dubey: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of The Ld. Cit(A)/Nfac Dated 30.4.2024 Vide Din & Order No. Itba/Nfac/S/250/2024-25/1064480180(1) For The Ay 2020- 21 Passed U/S. 250 Of The Income Tax Act,1961 (In Short “The Act”).
For Appellant: Shri Mathew Joseph, A.RFor Respondent: Smt. Leena Lal, Sr. D.R
Section 115BSection 143(2)Section 143(3)Section 250Section 68Section 80P(2)(a)
disallowed the amount of Rs. 23,13,641/- under the head any other allowable deduction. Further, the AO has also added increased unsecured loans amounting to Rs. 1,28,10,152/-
(Rs. 4,80,63,221 – Rs. 3,52,53,069) as unexplained credit u/s 68 of the Act and brought to tax as per provision of section
