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

Section 14A read with Rule 8D(2)(iii) of 1962 Income Tax Rules. Reference is drawn to decision of Chennai-tribunaldecision in the case of Unifi Capital Private Limited v. ITO , reported in (2021) 129 taxmann.com 115(Chennai- trib.), wherein Chennai tribunal after considering the decision of Special Bench of Delhi-tribunal in the case of Vireet Investment Private DCIT

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

Section 14A read with Rule 8D(2)(iii) of 1962 Income Tax Rules. Reference is drawn to decision of Chennai-tribunaldecision in the case of Unifi Capital Private Limited v. ITO , reported in (2021) 129 taxmann.com 115(Chennai- trib.), wherein Chennai tribunal after considering the decision of Special Bench of Delhi-tribunal in the case of Vireet Investment Private DCIT

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

Section 14A read with Rule 8D(2)(iii) of 1962 Income Tax Rules. Reference is drawn to decision of Chennai-tribunaldecision in the case of Unifi Capital Private Limited v. ITO , reported in (2021) 129 taxmann.com 115(Chennai- trib.), wherein Chennai tribunal after considering the decision of Special Bench of Delhi-tribunal in the case of Vireet Investment Private DCIT

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

sections (2) and (3) entitles the department to make disallowance of expenditure incurred for earning tax free income in cases where ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 5 of 28

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

28. ITA No.310/Coch/2020 Appeal by the revenue for AY 2008-09. In AY 2008-09, the Assessee claimed deduction u/s.36(1)(viii) of the Act for a sum of Rs.18 Crores. In the order of assessment passed u/s.143(3) of the Act dated 9.12.2010, the AO disallowed the claim of the Assessee on the ground that the Assessee

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

28. ITA No.310/Coch/2020 Appeal by the revenue for AY 2008-09. In AY 2008-09, the Assessee claimed deduction u/s.36(1)(viii) of the Act for a sum of Rs.18 Crores. In the order of assessment passed u/s.143(3) of the Act dated 9.12.2010, the AO disallowed the claim of the Assessee on the ground that the Assessee