THE KOTTAYAM DIST. CO-OP BANK LTD,KOTTAYAM vs. ACIT, KOTTAYAM

In the result, the appeal of the assessee is dismissed

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

disallowed. It was submitted that as per the usual practice prescribed by the Co-operative department, the bank must take the interest on bad and doubtful debts also as income and added with other interest and the gross interest is to be shown as income and then they will direct a provision to the extent of that interest and charge

JULIUS RUBEN,KOCHI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), KOCHI

In the result, the appeal filed by the assessee is allowed

Bench: Shri George George K, Vice- & Shri Inturi Rama Rao

disallowance of such expenditure which is otherwise allowable as deduction in the computation of profits and gains from business or profession computed in accordance with the provisions of sections 28 to 43D

M/S. K.K ABRAHAM AND COMPANY,KOCHI vs. THE ITO, NON CORPORATE WARD 1(3), KOCHI

In the result, the appeals filed by the assessee are allowed

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

43D. By virtue of Section 5 of the Act, that total income of any previous years includes all income from whatever source derived. For the purpose of Section 40(b) read with Explanation, there cannot be separate method of accounting for ascertaining the net profit and/or book profit. The said section nowhere provides that the net profit as shown

M/S. K.K ABRAHAM AND COMPANY,KOCHI vs. THE ITO, NON CORPORATE WARD 1(3), KOCHI

In the result, the appeals filed by the assessee are allowed

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

43D. By virtue of Section 5 of the Act, that total income of any previous years includes all income from whatever source derived. For the purpose of Section 40(b) read with Explanation, there cannot be separate method of accounting for ascertaining the net profit and/or book profit. The said section nowhere provides that the net profit as shown

M/S.KERALA MEDICAL SERVICES CORPN LTD,TRIVANDRUM vs. THE ITO, WD-1(4), TRIVANDRUM

The appeals of the assessee are partly allowed

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

disallowance of VAT by invoking section 43B is also illegal. 3. It is submitted that the appellant has not engaged in any trading activity nor running any business or earning income therefrom. 4. The appellant also has no income to be computed in accordance with section 29 of the Act. There is no computation of profits and gains of business

M/S.KERALA MEDICAL SERVICES CORPN LTD,TRIVANDRUM vs. THE ITO, WD-1(4), TRIVANDRUM

The appeals of the assessee are partly allowed

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

disallowance of VAT by invoking section 43B is also illegal. 3. It is submitted that the appellant has not engaged in any trading activity nor running any business or earning income therefrom. 4. The appellant also has no income to be computed in accordance with section 29 of the Act. There is no computation of profits and gains of business

M/S.KERALA MEDICAL SERVICES CORPN LTD,TRIVANDRUM vs. THE ITO, WD-1(4), TRIVANDRUM

The appeals of the assessee are partly allowed

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

disallowance of VAT by invoking section 43B is also illegal. 3. It is submitted that the appellant has not engaged in any trading activity nor running any business or earning income therefrom. 4. The appellant also has no income to be computed in accordance with section 29 of the Act. There is no computation of profits and gains of business

M/S.CHEVAYUR SERVICE CO-OP BANK LTD,CALICUT vs. THE ITO, WARD-1(1), KOZHIKKODE, KOZHIKKODE

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

disallowance of claim of deduction u/s 80P of the I.T.Act made by the Assessing Officer was upheld by the CIT(A). In the result the appeals filed by the assessee ITA Nos.152-153/Coch/2020 3 M/s.Chevayur SCB Ltd. were rejected by the CIT(A) for assessment years 2009-2010 and 2014-2015. 6. Aggrieved by the orders passed

M/S.CHEVAYUR SERVICE CO-OP BANK LTD,CALICUT vs. THE ITO, WARD-1(1), KOZHIKKODE, KOZHIKKODE

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

disallowance of claim of deduction u/s 80P of the I.T.Act made by the Assessing Officer was upheld by the CIT(A). In the result the appeals filed by the assessee ITA Nos.152-153/Coch/2020 3 M/s.Chevayur SCB Ltd. were rejected by the CIT(A) for assessment years 2009-2010 and 2014-2015. 6. Aggrieved by the orders passed

TIME ADS & PUBLICITY,KOCHI vs. ACIT CIRCLE 2(2), KOCHI

In the result, the appeal by the Revenue is allowed for statistical purposes, and the assessee’s appeal is dismissed

Bench: Shri Sanjay Arora, Am & Shri Manomohan Das, Jm

section 143(3) of the Income-tax Act, 1961 (‘the Act’) dated 23.12.2010 for assessment year (AY) 2008-2009; the first appellate authority, being the Commissioner of Income-tax (Appeals)-2, Kochi [`CIT(A)’ for short], having allowed part relief to the assessee vide his order dated 14.5.2012. ITA Nos.226/C/2012 & 27/C/2023 (AY 2008-2009) Time Ads & Publicity v. Asst

ACIT, ERNAKULAM vs. M/S.TIME ADS & PUBLICITY, COCHIN

In the result, the appeal by the Revenue is allowed for statistical purposes, and the assessee’s appeal is dismissed

Bench: Shri Sanjay Arora, Am & Shri Manomohan Das, Jm

section 143(3) of the Income-tax Act, 1961 (‘the Act’) dated 23.12.2010 for assessment year (AY) 2008-2009; the first appellate authority, being the Commissioner of Income-tax (Appeals)-2, Kochi [`CIT(A)’ for short], having allowed part relief to the assessee vide his order dated 14.5.2012. ITA Nos.226/C/2012 & 27/C/2023 (AY 2008-2009) Time Ads & Publicity v. Asst