REENA ENGINEERS AND CONTRACTORS PRIVATE LTD,PANAJI vs. ACIT, CENTRAL CIRCLE-1, CALICUT

1)", "Section 44AD", "Section 44AB"], "issues": "Whether a fresh claim for deduction under Section 80IA(4) can be made for the first time in the return filed in response to a notice under Section 153A, in cases of unabated assessments?"}} Whether labour charge disallowances

M/S.MUKKAM MEGA MULTIPURPOSE CO-OP SOCEITY LTD,KOZHIKKODE vs. THE ITO, KOZHIKKODE

In the result, the appeal by the assessee is allowed for statistical purposes and the stay petition is dismissed

Bench: Shri George George K. & Ms. Padmavathy S.

1)(a) denying the benefit of section 80P to the assessee. The assessee filed a petition for rectification u/s.154 requesting allowance of deduction u/s.80P which was rejected by the AO. Aggrieved, the assessee preferred appeal before the CIT(A). 4. The CIT(A) confirmed the disallowance

KOODARANHI REGIONAL AGRICULTURAL WELFARE CO-OP SOCIETY LTD,KOZHIKKODE vs. THE ITO, KOZHIKKODE

In the result, the appeal by the assessee is allowed for statistical purposes and the stay petition is dismissed

Bench: Shri George George K. & Ms. Padmavathy S.

1) denying the benefit of section 80P to the assessee. Aggrieved, the assessee preferred appeal before the CIT(A). 4. The CIT(A) confirmed the disallowance

REENA ENGINEERS AND CONTRACTORS PRIVATE LTD,PANAJI vs. ACIT, CENTRAL CIRCLE-1, CALICUT

In the result, the appeals filed by the assessee stand partly allowed statistical purposes

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

4), for the first time, in the return of income filed in response to the notice issued under section 153A, in pursuant to search and seizure operation conducted under section 132. Therefore, to answer the questions referred to, this Special Bench, it is necessary to understand the provisions of section 132 and the consequent procedure of assessment under section 153A

REENA ENGINEERS AND CONTRACTORS PRIVATE LTD,PANAJI vs. ACIT, CENTRAL CIRCLE-1, CALICUT

In the result, the appeals filed by the assessee stand partly allowed statistical purposes

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

4), for the first time, in the return of income filed in response to the notice issued under section 153A, in pursuant to search and seizure operation conducted under section 132. Therefore, to answer the questions referred to, this Special Bench, it is necessary to understand the provisions of section 132 and the consequent procedure of assessment under section 153A

REENA ENGINEERS AND CONTRACTORS PRIVATE LTD,PANAJI vs. ACIT, CENTRAL CIRCLE-1, CALICUT

In the result, the appeals filed by the assessee stand partly allowed statistical purposes

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

4), for the first time, in the return of income filed in response to the notice issued under section 153A, in pursuant to search and seizure operation conducted under section 132. Therefore, to answer the questions referred to, this Special Bench, it is necessary to understand the provisions of section 132 and the consequent procedure of assessment under section 153A

REENA ENGINEERS AND CONTRACTORS PRIVATE LTD,PANAJI vs. ACIT, CENTRAL CIRCLE-1, CALICUT

In the result, the appeals filed by the assessee stand partly allowed statistical purposes

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

4), for the first time, in the return of income filed in response to the notice issued under section 153A, in pursuant to search and seizure operation conducted under section 132. Therefore, to answer the questions referred to, this Special Bench, it is necessary to understand the provisions of section 132 and the consequent procedure of assessment under section 153A

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

4 ITA Nos.393-399/Coch/2023. Federal Bank Limited. In the aforesaid decision of the Hon’ble Kerala High Court, the issue that was considered by the Hon’ble Kerala High Court was whether proportionate disallowance of interest paid by the Bank is called for under section 14A of the Income-tax Act ('the Act') for the investments made in U.T.I. shares

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

4 ITA Nos.393-399/Coch/2023. Federal Bank Limited. In the aforesaid decision of the Hon’ble Kerala High Court, the issue that was considered by the Hon’ble Kerala High Court was whether proportionate disallowance of interest paid by the Bank is called for under section 14A of the Income-tax Act ('the Act') for the investments made in U.T.I. shares

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

4 ITA Nos.393-399/Coch/2023. Federal Bank Limited. In the aforesaid decision of the Hon’ble Kerala High Court, the issue that was considered by the Hon’ble Kerala High Court was whether proportionate disallowance of interest paid by the Bank is called for under section 14A of the Income-tax Act ('the Act') for the investments made in U.T.I. shares

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

4 ITA Nos.393-399/Coch/2023. Federal Bank Limited. In the aforesaid decision of the Hon’ble Kerala High Court, the issue that was considered by the Hon’ble Kerala High Court was whether proportionate disallowance of interest paid by the Bank is called for under section 14A of the Income-tax Act ('the Act') for the investments made in U.T.I. shares

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

4 ITA Nos.393-399/Coch/2023. Federal Bank Limited. In the aforesaid decision of the Hon’ble Kerala High Court, the issue that was considered by the Hon’ble Kerala High Court was whether proportionate disallowance of interest paid by the Bank is called for under section 14A of the Income-tax Act ('the Act') for the investments made in U.T.I. shares

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

4 ITA Nos.393-399/Coch/2023. Federal Bank Limited. In the aforesaid decision of the Hon’ble Kerala High Court, the issue that was considered by the Hon’ble Kerala High Court was whether proportionate disallowance of interest paid by the Bank is called for under section 14A of the Income-tax Act ('the Act') for the investments made in U.T.I. shares

AVINISSERY SERVICE CO-OPERATIVE BANK LTD,THRISSUR vs. THE INCOME TAX OFFICER WARD 2(1),THRISSUR, THRISSUR

4) was\nout of harms way, all the appellants in the present case were\nentitled to the benefit of the deduction contained in Section\n80P(2)(a)(i), notwithstanding that they may also be giving\nloans to their members which are not related to agriculture.\n8.\nThe Appellant prays that the deduction under section 80P be\nallowed and the income

VADAKKEVILA SERVICE CO-OPERATIVE BANK LTD,KOLLAM vs. THE ITO, KOLLAM

Appeal is allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

1- 4-1970.Sub-section (4) of section 80P in the present form is in the nature of an exception which states that the provisions of section 80P shall apply in relation to any co-operative bank other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank. The expressions co-operative bank and primary agricultural

DY.COMMISSIONER OF INCOME TAX, THRISSUR vs. THE CSB BANK LTD, THRISSUR

In the result, the appeal of revenue is dismissed

Bench: SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

Section 144B of the Act for the Assessment Year 2014- 2015. 1.1. The appeal preferred by the Revenue was delayed by 60 days. We have head both the sides on application for condonation of delay. The Hon’ble Supreme Court had, in the case of Collector of Land Assessment Year 2014-2015 Acquisition Vs. Mst. Katiji & others

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. DCIT, THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

4. Lastly comes the third issue of section 220(2) interest wherein the assessee’s admitted case is that although there is no apparent mistake on the part of the Assessing Officer in arriving at the relevant figure herein, it has invoked section 154 rectification on the ground that the departmental authorities had not given effect to the appeal

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. ACIT, CIRCLE-1(1), THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

4. Lastly comes the third issue of section 220(2) interest wherein the assessee’s admitted case is that although there is no apparent mistake on the part of the Assessing Officer in arriving at the relevant figure herein, it has invoked section 154 rectification on the ground that the departmental authorities had not given effect to the appeal

THE SOUTH INDIAN BANK LIMITED ,THRISSUR vs. ACIT, CIRCLE 1(1), THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

4. Lastly comes the third issue of section 220(2) interest wherein the assessee’s admitted case is that although there is no apparent mistake on the part of the Assessing Officer in arriving at the relevant figure herein, it has invoked section 154 rectification on the ground that the departmental authorities had not given effect to the appeal