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

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

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

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

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 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 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

DIADORA SHOES PVT LTD,CALICUT vs. ACIT CIRCLE 2(1), CALICUT

In the result, the assessee’s appeal is allowed

Bench: Shri Sanjay Arora, Am & Shri Anil Kumar Dugar, Jm

D E R Per Anil Kumar Dugar, JM : This appeal at the instance of the assessee is directed against the impugned order dated 06.01.2023 passed by the learned Commissioner of Income-tax (Appeals)’s [in short “CIT(A)]” u/s.250 of the Income-tax Act, 1961 (in short “the Act”). The relevant assessment year is 2014-2015. 2. In the instant