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

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

7. It is apparent from a reading of explanatory notes above that the amendment was deemed necessary to enable the National Housing Bank, which was a notified Financial Corporation under Section 4A of the Companies Act, and wholly owned by the Reserve Bank of India, to claim the deduction in respect of its activities of promotion and regulation of Housing

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

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

7. It is apparent from a reading of explanatory notes above that the amendment was deemed necessary to enable the National Housing Bank, which was a notified Financial Corporation under Section 4A of the Companies Act, and wholly owned by the Reserve Bank of India, to claim the deduction in respect of its activities of promotion and regulation of Housing

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

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

7. It is apparent from a reading of explanatory notes above that the amendment was deemed necessary to enable the National Housing Bank, which was a notified Financial Corporation under Section 4A of the Companies Act, and wholly owned by the Reserve Bank of India, to claim the deduction in respect of its activities of promotion and regulation of Housing

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

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

7. It is apparent from a reading of explanatory notes above that the amendment was deemed necessary to enable the National Housing Bank, which was a notified Financial Corporation under Section 4A of the Companies Act, and wholly owned by the Reserve Bank of India, to claim the deduction in respect of its activities of promotion and regulation of Housing

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. JCIT, RANGE-1, THRISSUR

Appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

7. It is apparent from a reading of explanatory notes above that the amendment was deemed necessary to enable the National Housing Bank, which was a notified Financial Corporation under Section 4A of the Companies Act, and wholly owned by the Reserve Bank of India, to claim the deduction in respect of its activities of promotion and regulation of Housing

M/S.KERALA CARS P.LTD,COCHIN vs. ACIT CORPORATE CIRCLE 1(2), COCHIN

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Kerala Cars Pvt. Ltd. Asst. Cit, Corporate Circle-1(2) 508-A, Illakkattu Building Kochi Edappally, Kunamthai Vs. Kochi 682024 [Pan: Aabck4746M] (Appellant) (Respondent)

94,700/- only. The action of the AO was subsequently confirmed by the ld. CIT(A). 4. Being aggrieved by the order of the learned CIT(A), the assessee is in appeal before us. 5. The learned A.R. before us filed a paper book running from pages 1 to 27 and submitted that there was no dividend income

ACIT, COCHIN vs. SRI.P.C.JOSE, COCHIN

In the result, appeal filed by the assessee stands allowed and Revenue’s appeal stands dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Keshav Dubey, Jm Assessment Year: 2008-09 P.C. Jose .......... Appellant Brothers Agencies, Jews Street Ernakulam 682031 [Pan: Abbpj8250F] Vs. Dy. Commissioner Of Income Tax .......... Respondent Circle - 2(1), Kochi Assessment Year: 2008-09 Dy. Commissioner Of Income Tax .......... Appellant Circle - 2(1), Kochi Vs. P.C. Jose .......... Respondent Brothers Agencies, Jews Street Ernakulam 682031 [Pan: Abbpj8250F] Assessee By: Shri R. Krishnan, Ca Revenue By: Shri Sanjit Kumar Das & Smt. Leena Lal, Sr. D.R. Date Of Hearing: 20.02.2025 Date Of Pronouncement: 18.03.2025 P.C. Jose

disallowing the loss arising from the business of card division of Rs. 7,50,927/- and proceeded to hold that the same is to be set off against other income. Thus, the appeal of the assessee was partly allowed by the CIT(A). P.C. Jose 10. Being aggrieved with that part of the order of the CIT(A), which

APOLLO TYRES LTD.,COCHIN vs. DCIT CORPORATE CIR 1(1), KOCHI

In the result, the appeal filed by the assessee stands partly allowed for statistical purposes

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm Assessment Year: 2020-21 Apollo Tyres Ltd. .......... Appellant 3Rd Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036 [Pan: Aaaca6990Q] Vs. Acit, Corporate Circle-1(1), Kochi ......... Respondent Assessee By: Shri Abraham Joseph Markos, Adv. Revenue By: Shri Sanjit Kumar Das, Cit-Dr Date Of Hearing: 20.08.2025 Date Of Pronouncement: 10.09.2025

94,81,413 4 Apollo Tyres Ltd. 7. Being aggrieved by the final assessment order the appellant is in appeal before this Tribunal in the present appeal raising the following grounds: - “1. The assessment order passed u/s 143(3) r.w.s., 144C(13) & 144B of the Income-tax Act, 1961 ('the Act') dated 20th June, 2024, by the Assessment Unit, Income

SUD-CHEMIE INDIA PRIVATE LIMITED,ALUVA vs. DCIT, CORPORATE CIR 2(1), ERNAKULAM

In the result, the appeal filed by the assessee in ITA No

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

7. The learned counsel for the assessee submitted that the export incentives were offered to tax on receipt basis and this has continuously been followed by the assessee and, therefore, on the principle of consistency no addition is required to be made. 8. On the other hand, the learned Sr. DR submits that the export incentives are taxable on accrual

PLANT LIPIDS (P) LTD.,KADAYIRUPPU vs. DCIT , CORPORATE CIRCLE-2(1), KOCHI

In the result appeal filed by assessee stands allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessmentyear:2020-21 Plant Lipids (P) Ltd. Kadayiruppu Po Kolenchery Dcit, Vs. Kerala 682 311 Corporate Circle-2(1) Kochi Pan No : Aabcp6061C Appellant Respondent Appellant By : Shri Thomson Thomas, A.R. Respondent By : Shri Sanjit Kumar Das, D.R. Date Of Hearing : 20.02.2025 Date Of Pronouncement : 19.05.2025 O R D E R Perkeshav Dubey: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of The Ao, Assessment Unit, Income Tax Department Dated 19.6.2024 Vide Din No.Itba/Ast/S/143(3)/2024- 25/1065876641(1) For The Ay 2020-21 Passed U/S 143(3) R.W.S. 144C(13) R.W.S. 144B Of The Income Tax Act, 1961 (In Short “The Act”). 2. The Assessee Has Raised Following Grounds Of Appeal: Plant Lipids (P) Ltd., Kolencherry, Kerala Page 2 Of 8

94,63,940/-. In respect of International Transactions entered into by the assessee company, the Assessing officer made a reference to the Transfer Pricing Officer (TPO) u/s 92CA (l) of the Actfor determining the arm's length price in respect of the International Transactions. By order passed u/s 92CA(3) of the Act, the Transfer Pricing Order made an adjustment

THE AROOR CENTRAL SERVICE CO-OPERATIVE BANK LIMITED,ALAPPUZHA vs. ITO, WARD -5, ALAPPUZHA

In the result, the appeals and stay applications filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm

section 80AC of the Act. Accordingly, disallowed the claim for deduction u/s. 80P after making several disallowances. The AO assessed income of Rs. 94,66,941/- under the head ‘business’. 5. Being aggrieved, an appeal was filed before the CIT(A), who vide the impugned order dismissed the appeal placing reliance on 3 ITA 371 & 372/Coch/2025/SA 51 & 52/C/2024 The Aroor

THE AROOR CENTRAL SERVICE CO-OPERATIVE BANK LIMITED,ALAPPUZHA vs. ITO, WARD -2, ALAPPUZHA

In the result, the appeals and stay applications filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm

section 80AC of the Act. Accordingly, disallowed the claim for deduction u/s. 80P after making several disallowances. The AO assessed income of Rs. 94,66,941/- under the head ‘business’. 5. Being aggrieved, an appeal was filed before the CIT(A), who vide the impugned order dismissed the appeal placing reliance on 3 ITA 371 & 372/Coch/2025/SA 51 & 52/C/2024 The Aroor

BLOSSOM INNERS PRIVATE LIMITED ,ERNAKULAM vs. ITO, CORPORATE WARD 1(1), KOCHI

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Inturi Rama Rao & Shri Soundararajan K.Assessment Year : 2023-24

disallowance by the authorities below is not correct. The Ld.AR also submitted that the assessee had complied with all the eligibility criteria prescribed u/s. 80JJAA of the Act to claim the said deduction but the said deduction was denied on the technical reason that the Form 10DA was not filed before the due date for filing the return

FEDBANK FINANCIAL SERVICES LIMITED,ERNAKULAM vs. THE DCIT CIRCLE 1(1), KOCHI, KOCHI

In the result, the appeal of the assessee is allowed

Bench: Shri George George K. & Ms. Padmavathy S.Assessment Year : 2017-18

disallowed the claim of provisions on standard assets and confined its provisions only to an extent of bad and doubtful debts on the Page 6 of 9 non-performing assets. Hence there is no error in the assessment order passed by the assessing authority. 6. Section 263 is to be invoked when the twin conditions of order being erroneous

VALLAPUZHA SERVICE CO-OPERATIVE BANK,CHERUPULASSERY vs. ITO, WARD-3, PALAKKAD, PALAKKAD

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

94,58,431/- Medium Term Agricultural Loan : Rs. 3,51,927/- Total : Rs. 7,98,10,358/- 3 ITA Nos.874-876 & SA Nos.218-220/Coch/2023 Vallapuzha SCB Limited. NON-AGRICULTURAL LOANS Ordinary Loan : Rs. 14,75,45,722/- Gold Loan : Rs. 60,41,14,076/- Total : Rs. 75,16,59,798/- Total Loans & Advances during the year

VALLAPUZHA SERVICE CO-OPERATIVE BANK,PALAKKAD vs. ITO, WARD-3, PALAKKAD

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

94,58,431/- Medium Term Agricultural Loan : Rs. 3,51,927/- Total : Rs. 7,98,10,358/- 3 ITA Nos.874-876 & SA Nos.218-220/Coch/2023 Vallapuzha SCB Limited. NON-AGRICULTURAL LOANS Ordinary Loan : Rs. 14,75,45,722/- Gold Loan : Rs. 60,41,14,076/- Total : Rs. 75,16,59,798/- Total Loans & Advances during the year

VALLAPUZHA SERVICE CO-OPERATIVE BANK,CHERUPULASSERY vs. ITO,WARD-3, PALAKKAD

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

94,58,431/- Medium Term Agricultural Loan : Rs. 3,51,927/- Total : Rs. 7,98,10,358/- 3 ITA Nos.874-876 & SA Nos.218-220/Coch/2023 Vallapuzha SCB Limited. NON-AGRICULTURAL LOANS Ordinary Loan : Rs. 14,75,45,722/- Gold Loan : Rs. 60,41,14,076/- Total : Rs. 75,16,59,798/- Total Loans & Advances during the year

KUNDOLY KRISHNANKUTTY SUNIL,THRISSUR vs. INCOME TAX OFFICER,WARD 2(1), THRISSUR

94,260/- since the same were incurred to make the\nresidential property habitable. In this regard we find that the\nAssessing Officer had returned the following findings in Paragraph 6\nand 7 of the Assessment Order:\n\"6.\nThe assessee has claimed deduction u/s.54F for investing the\nsales proceeds in a residential house. The assessee has\npurchased a flat

GEORGE KOCHUPARAMBIL, PROP. UNITED GRANITES & METALS,THODUPUZHA vs. CENTRAL CIRCLE, KOCHI, KOCHI

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

Bench: Smt. Beena Pillai, Juduicial Member & Ms. Padmavathy Sshri George Kochuparambil Kochuparambil House Dcit/Acit, Central Vazhithala P.O. Vs. Circle Thodupuzha Kochi Idukki 685583 Pan – Afjpk9650E Appellant Respondent Appellant By: Shri Mathew Joseph, Ca Respondent By: Shri M. Jarasekhar, Cit-Dr Date Of Hearing: 10.01.2023 Date Of Pronouncement: 30.03.2023

disallowance under Section 37 of the Act amounting to Rs.41,41,053/- in the original assessment proceedings. He submitted that initiation of proceedings under Section 263 of the Act is uncalled for as all the necessary details were furnished by the assessee to the AO based on which the assessment order has been passed. He placed reliance on the decision