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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

D E R Per Bench : These assessee’s seven appeals ITA Nos.393 to 399/Coch/2023 for the assessment years 2011-2012 to 2017-2018 arise against the CIT (Appeal) / NFAC, as many DIN & Order Nos.ITBA/NFAC/S/250/2022- 23/1051192560(1), 1051191040(1), 1051190237(1), 1051189723(1), 1051189258(1)1051187623(1) & 1051188629(1), all dated 23.03.2023, respectively, in proceedings

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

D E R Per Bench : These assessee’s seven appeals ITA Nos.393 to 399/Coch/2023 for the assessment years 2011-2012 to 2017-2018 arise against the CIT (Appeal) / NFAC, as many DIN & Order Nos.ITBA/NFAC/S/250/2022- 23/1051192560(1), 1051191040(1), 1051190237(1), 1051189723(1), 1051189258(1)1051187623(1) & 1051188629(1), all dated 23.03.2023, respectively, in proceedings

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

D E R Per Bench : These assessee’s seven appeals ITA Nos.393 to 399/Coch/2023 for the assessment years 2011-2012 to 2017-2018 arise against the CIT (Appeal) / NFAC, as many DIN & Order Nos.ITBA/NFAC/S/250/2022- 23/1051192560(1), 1051191040(1), 1051190237(1), 1051189723(1), 1051189258(1)1051187623(1) & 1051188629(1), all dated 23.03.2023, respectively, in proceedings

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

D E R Per Bench : These assessee’s seven appeals ITA Nos.393 to 399/Coch/2023 for the assessment years 2011-2012 to 2017-2018 arise against the CIT (Appeal) / NFAC, as many DIN & Order Nos.ITBA/NFAC/S/250/2022- 23/1051192560(1), 1051191040(1), 1051190237(1), 1051189723(1), 1051189258(1)1051187623(1) & 1051188629(1), all dated 23.03.2023, respectively, in proceedings

M/S.US TECHNOLOGY RESOURCES P. LTD,TRIVANDRUM vs. THE ACIT, TRIVANDRUM

In the result, the appeal for assessment year 2011-2012

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

1) of section 139, such sum shall be allowed as a deducted in computing the income of the previous year in which such tax has been paid." 24. Thus, the Finance Act, 2010 further relaxed the rigors of Section 40(a)(ia) of the IT Act to provide that all TDS made during the previous year can be deposited with

M/S.US TECHNOLOGY RESOURCES P. LTD,TRIVANDRUM vs. THE DCIT, TRIVANDRUM

In the result, the appeal for assessment year 2011-2012

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

1) of section 139, such sum shall be allowed as a deducted in computing the income of the previous year in which such tax has been paid." 24. Thus, the Finance Act, 2010 further relaxed the rigors of Section 40(a)(ia) of the IT Act to provide that all TDS made during the previous year can be deposited with

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

272) wherein it was held as follows: I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 “Section 14A was inserted by the Finance Act, 2001, with retrospective effect from April 1, 1962. Prior to the introduction of section 14A, the law was that when an assesses had a composite and indivisible business which had elements of both taxable and non-taxable income

M/S ASPINWALL & CO.,LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

272) wherein it was held as follows: I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 “Section 14A was inserted by the Finance Act, 2001, with retrospective effect from April 1, 1962. Prior to the introduction of section 14A, the law was that when an assesses had a composite and indivisible business which had elements of both taxable and non-taxable income

THE DCIT, COCHIN vs. M/S.ASPINWALL & CO. LTD, COCHIN

In the result,the appeal of the Revenue in ITA No

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

272) wherein it was held as follows: I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 “Section 14A was inserted by the Finance Act, 2001, with retrospective effect from April 1, 1962. Prior to the introduction of section 14A, the law was that when an assesses had a composite and indivisible business which had elements of both taxable and non-taxable income

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

272) wherein it was held as follows: I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 “Section 14A was inserted by the Finance Act, 2001, with retrospective effect from April 1, 1962. Prior to the introduction of section 14A, the law was that when an assesses had a composite and indivisible business which had elements of both taxable and non-taxable income

THE ACIT, KOCHI vs. THE FEDERAL BANK LTD, ERNAKULAM

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

Bench: Shri N. V. Vasudevan & Ms. S. Padmavathy

1), Junction, Aluva, Ernakulam 683 101 Kochi. PAN : AABCT 0026 H APPELLANT RESPONDENT ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 2 of 28 Assessee by : Shri Rajesekharan, CA and Shri K.Gopi, CA Respondent by : Smt. J. M. Jamuna Devi, Sr. DR, Cochin Date of hearing : 7 & 8.12.2022 Date of Pronouncement

THE FEDERAL BANK LTD,ALUVA vs. THE ACIT, KOCHI

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

Bench: Shri N. V. Vasudevan & Ms. S. Padmavathy

1), Junction, Aluva, Ernakulam 683 101 Kochi. PAN : AABCT 0026 H APPELLANT RESPONDENT ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 2 of 28 Assessee by : Shri Rajesekharan, CA and Shri K.Gopi, CA Respondent by : Smt. J. M. Jamuna Devi, Sr. DR, Cochin Date of hearing : 7 & 8.12.2022 Date of Pronouncement

THE FEDERAL BANK LTD,ALUVA vs. THE ACIT, KOCHI

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

Bench: Shri N. V. Vasudevan & Ms. S. Padmavathy

1), Junction, Aluva, Ernakulam 683 101 Kochi. PAN : AABCT 0026 H APPELLANT RESPONDENT ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 2 of 28 Assessee by : Shri Rajesekharan, CA and Shri K.Gopi, CA Respondent by : Smt. J. M. Jamuna Devi, Sr. DR, Cochin Date of hearing : 7 & 8.12.2022 Date of Pronouncement

THE FEDERAL BANK LTD,ALUVA vs. THE ACIT, KOCHI

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

Bench: Shri N. V. Vasudevan & Ms. S. Padmavathy

1), Junction, Aluva, Ernakulam 683 101 Kochi. PAN : AABCT 0026 H APPELLANT RESPONDENT ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 2 of 28 Assessee by : Shri Rajesekharan, CA and Shri K.Gopi, CA Respondent by : Smt. J. M. Jamuna Devi, Sr. DR, Cochin Date of hearing : 7 & 8.12.2022 Date of Pronouncement

THE FEDERAL BANK LTD,ALUVA vs. THE ACIT, KOCHI

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

Bench: Shri N. V. Vasudevan & Ms. S. Padmavathy

1), Junction, Aluva, Ernakulam 683 101 Kochi. PAN : AABCT 0026 H APPELLANT RESPONDENT ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 2 of 28 Assessee by : Shri Rajesekharan, CA and Shri K.Gopi, CA Respondent by : Smt. J. M. Jamuna Devi, Sr. DR, Cochin Date of hearing : 7 & 8.12.2022 Date of Pronouncement

ACIT, KOCHI vs. FEDERAL BANK LTD, ALUVA

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

Bench: Shri N. V. Vasudevan & Ms. S. Padmavathy

1), Junction, Aluva, Ernakulam 683 101 Kochi. PAN : AABCT 0026 H APPELLANT RESPONDENT ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 2 of 28 Assessee by : Shri Rajesekharan, CA and Shri K.Gopi, CA Respondent by : Smt. J. M. Jamuna Devi, Sr. DR, Cochin Date of hearing : 7 & 8.12.2022 Date of Pronouncement

THE ACIT, , KOCHI vs. M/S.FEDERAL BANK LTD, KOCHI

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

Bench: Shri N. V. Vasudevan & Ms. S. Padmavathy

1), Junction, Aluva, Ernakulam 683 101 Kochi. PAN : AABCT 0026 H APPELLANT RESPONDENT ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 2 of 28 Assessee by : Shri Rajesekharan, CA and Shri K.Gopi, CA Respondent by : Smt. J. M. Jamuna Devi, Sr. DR, Cochin Date of hearing : 7 & 8.12.2022 Date of Pronouncement

ACIT, KOCHI vs. FEDERAL BANK LTD, ALUVA

In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-

Bench: Shri N. V. Vasudevan & Ms. S. Padmavathy

1), Junction, Aluva, Ernakulam 683 101 Kochi. PAN : AABCT 0026 H APPELLANT RESPONDENT ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 2 of 28 Assessee by : Shri Rajesekharan, CA and Shri K.Gopi, CA Respondent by : Smt. J. M. Jamuna Devi, Sr. DR, Cochin Date of hearing : 7 & 8.12.2022 Date of Pronouncement