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4 results for “disallowance”+ Section 801A(3)(ii)clear

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Key Topics

Section 80I17Section 143(3)6Section 10(30)5Deduction4Addition to Income3Section 102

M/S.KANNAN DEVAN HILLS PLANTATIONS COMPANY P. LTD,IDUKKI vs. THE ACIT, COCHIN

In the result, the appeal filed by the assessee stands partly allowed

ITA 27/COCH/2020[2016-17]Status: DisposedITAT Cochin30 Mar 2023AY 2016-17

Bench: SMT. BEENA PILLAI (Judicial Member), MS. PADMAVATHY S (Accountant Member)

For Appellant: Smt. Rohini Thampy, CA
Section 10Section 10(30)Section 30Section 801ASection 80I

3. The Ld.CIT(A) while considering both the issues directed the Ld.AO to grant the claim of the assessee to the extent of Rs.1,26,81,279/- u/s. 10(30) of the act by observing as under: “26.2. Tea Board subsidy was claimed as exempt u/s. 10(30) by the assessee. The AO treated the same as revenue receipt

COCHIN INTERNATIONAL AIRPORT LTD,COCHIN vs. THE DCIT, COCHIN

In the result, appeals of the Revenue in ITA Nos

ITA 344/COCH/2014[2008-09]Status: DisposedITAT Cochin21 Nov 2019AY 2008-09

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

Section 143(3)Section 80I

section 801A, as the profits and gains gained by the assessee, which has direct and immediate nexus with the assessee's business, viz. airport. Therefore, what qualifies to be the business income of the assessee would be the income derived by the assessee from its core and essential activities of the airport and not from its incidental activities providing amenities

M/S.COCHIN INTERNATIONAL AIRPORT LTD,COCHIN vs. THE ADCIT, COCHIN

In the result, appeals of the Revenue in ITA Nos

ITA 310/COCH/2015[2010-11]Status: DisposedITAT Cochin21 Nov 2019AY 2010-11

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

Section 143(3)Section 80I

section 801A, as the profits and gains gained by the assessee, which has direct and immediate nexus with the assessee's business, viz. airport. Therefore, what qualifies to be the business income of the assessee would be the income derived by the assessee from its core and essential activities of the airport and not from its incidental activities providing amenities

THE DCIT, COCHIN vs. M.S COCHIN INTERNATIONAL AIRPORT LTD, COCHIN

In the result, appeals of the Revenue in ITA Nos

ITA 190/COCH/2017[2005-06]Status: DisposedITAT Cochin21 Nov 2019AY 2005-06

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

Section 143(3)Section 80I

section 801A, as the profits and gains gained by the assessee, which has direct and immediate nexus with the assessee's business, viz. airport. Therefore, what qualifies to be the business income of the assessee would be the income derived by the assessee from its core and essential activities of the airport and not from its incidental activities providing amenities