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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

79,33,244 Rs.4,68,60,335 Disallowance u/s.14A -- Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by Assessing Officer invoking Rule 8D 4. On appeal by the Assessee, the CIT(A) by orders all dated 23.1.2014, followed decision

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

79,33,244 Rs.4,68,60,335 Disallowance u/s.14A -- Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by Assessing Officer invoking Rule 8D 4. On appeal by the Assessee, the CIT(A) by orders all dated 23.1.2014, followed decision

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

79,33,244 Rs.4,68,60,335 Disallowance u/s.14A -- Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by Assessing Officer invoking Rule 8D 4. On appeal by the Assessee, the CIT(A) by orders all dated 23.1.2014, followed decision

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

79,33,244 Rs.4,68,60,335 Disallowance u/s.14A -- Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by Assessing Officer invoking Rule 8D 4. On appeal by the Assessee, the CIT(A) by orders all dated 23.1.2014, followed decision

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

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

79,33,244 Rs.4,68,60,335 Disallowed u/s.14A - Rs.97,00,000 Rs.83,34,000 being 0.5% of the average tax free investments ITA Nos. 745 to 747/Coch/2019 ITA Nos. 33 to 35, 272 to 275, 309 to 311/Coch/2020 Page 3 of 28 Amount disallowed Rs.12,37,89,000 Rs.11,80,57,000 Rs.4,68,60,335 by AO invoking

SRI.PURUSOTHAMAN K.K.,PATHANAMTHITTA vs. THE ITO, WD-3, , THIRUVALLA

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

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

79 days in filing the appeal and admit the appeal for adjudication. 3. The assessee has raised the following grounds of appeal: A: The orders of the authorities below in so far as they are against the appellant are opposed to law, facts and circumstances of the case. B: The averments made before the first appellate authority