THE ACIT, THIRUVALLA vs. M/S.MUTHOOT PROPERTIES & INVESTMENTS, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

disallowance of interest expenditure made by the Assessing Officer on public deposits amounting to I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 Rs. 7,45,07,387/- under explanation to section 37(1) of the I.T. Act,1961 was contrary to the provisions of the Act. The CIT(A) has elaborately observed as follows: “4. Appreciation of facts and Application

DCIT, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

disallowance of interest expenditure made by the Assessing Officer on public deposits amounting to I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 Rs. 7,45,07,387/- under explanation to section 37(1) of the I.T. Act,1961 was contrary to the provisions of the Act. The CIT(A) has elaborately observed as follows: “4. Appreciation of facts and Application

DCIT, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

disallowance of interest expenditure made by the Assessing Officer on public deposits amounting to I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 Rs. 7,45,07,387/- under explanation to section 37(1) of the I.T. Act,1961 was contrary to the provisions of the Act. The CIT(A) has elaborately observed as follows: “4. Appreciation of facts and Application

THE ACIT, CIRCLE-1, THIRUVALLA, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, PATHANAMTHITTA

In the result, the appeals of the Revenue are partly allowed for statistical

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

disallowance of interest expenditure made by the Assessing Officer on public deposits amounting to I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 Rs. 7,45,07,387/- under explanation to section 37(1) of the I.T. Act,1961 was contrary to the provisions of the Act. The CIT(A) has elaborately observed as follows: “4. Appreciation of facts and Application

DCIT, THIRUVALLA vs. MAR GREGORIOUS MEMORIAL MUTHOOT MEDICAL CENTRE, KOZHENCHERRY

In the result, the appeals of the Revenue are partly allowed for statistical

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

disallowance of interest expenditure made by the Assessing Officer on public deposits amounting to I.T.A. Nos. 69-72/Coch/2018 & 73-75/Coch/2018 Rs. 7,45,07,387/- under explanation to section 37(1) of the I.T. Act,1961 was contrary to the provisions of the Act. The CIT(A) has elaborately observed as follows: “4. Appreciation of facts and Application

M/S POPULAR FINANCE COMPANY,PATHANAMTHITTA vs. THE ACIT,CIR-1,, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

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

disallowance of interest expenditure made by the Assessing Officer on public deposits amounting to Rs. 7,45,07,387/- under explanation to section 37(1) of the I.T. Act,1961 was contrary to the provisions of the Act. The CIT(A) has elaborately observed as follows: “4. Appreciation of facts and Application of taw with reference to Grounds of Appeal

M/S POPULAR FINANCE COMPANY,PATHANAMTHITTA vs. THE ACIT,CIR-1,, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

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

disallowance of interest expenditure made by the Assessing Officer on public deposits amounting to Rs. 7,45,07,387/- under explanation to section 37(1) of the I.T. Act,1961 was contrary to the provisions of the Act. The CIT(A) has elaborately observed as follows: “4. Appreciation of facts and Application of taw with reference to Grounds of Appeal

M/S.POPULAR FINANCE,PATHANAMTHITTA vs. THE ACIT, CIRCLE-1, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

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

disallowance of interest expenditure made by the Assessing Officer on public deposits amounting to Rs. 7,45,07,387/- under explanation to section 37(1) of the I.T. Act,1961 was contrary to the provisions of the Act. The CIT(A) has elaborately observed as follows: “4. Appreciation of facts and Application of taw with reference to Grounds of Appeal

M/S.MALANKARA ORTHODOX SYRIAN CHURCH MEDICAL MISSION HOSPITAL,COCHIN vs. THE DY DIT (EXEMPTION), COCHIN

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

Bench: S/Shri Abraham P George, Am & George George K, Jm Malankara Orthodox Syrian Church Vs The Dy Director Of Income Tax Medical Mission Hospital (Exemption) Kolencherry 682 311 Kochi ( Appellant) (Respondent)

96,547/- is not an allowable expenditure as per section 47A(7) of the I T Act and since the Assessing Officer had omitted to disallow

SRI.V.J.FRANCIS M/S.LISCO COIR TEX,ALAPPUZHA vs. THE ACIT,, ALAPPUZHA

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

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

96,930. The assessment u/s 143(3) r.w.s. 147 of the I.T.Act was completed vide order dated 11.12.2014 by making following additions u/s 40(a)(ia) of the I.T.Act : (i) Disallowance of rent Rs.2,88,000 (ii) Disallowance of terminal handling charges Rs.6,40,432 4. Aggrieved by the reassessment order completed on 11.12.2014, the assessee preferred appeal

SRI.V.J.FRANCIS M/S.LISCO COIR TEX,ALAPPUZHA vs. THE ACIT,, ALAPPUZHA

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

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

96,930. The assessment u/s 143(3) r.w.s. 147 of the I.T.Act was completed vide order dated 11.12.2014 by making following additions u/s 40(a)(ia) of the I.T.Act : (i) Disallowance of rent Rs.2,88,000 (ii) Disallowance of terminal handling charges Rs.6,40,432 4. Aggrieved by the reassessment order completed on 11.12.2014, the assessee preferred appeal

M/S.IBS SOFTWARE SERVICES P. LTD,TRIVANDRUM vs. THE DCIT, TRIVANDRUM

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

96,08,040/-. The return of income was selected for scrutiny through CASS. During the assessment proceedings, it was noticed from the audit report in Form 3CEB that the Assessee had entered into International Transactions amounting to INR.2,34,83,13,172/- with its Associated Enterprises. The case of the Assessee was referred to the Transfer Pricing Officer (TPO) under

THRIUVANNATHAPURAM JILLA DEPOSIT COLLECTION AGENTS CO-OP SOCIETY,TRIVANDRUM vs. THE ITO WARD 2(1), TRIVANDRUM

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhasst.Year 2017-18 Thiruvannathapuram Jilla Ito, Deposit Collection Agents V. Ward-2(1), Trivendrum Cooperative Society, Central Theater Road, Attara Building, Pazhavangadi, Thiruvananthapuram-695036 Kerala Pan : Aafat0403J (Appellant) (Respondent) Appellant By : None Respondent By : Shri Sanjit Kumar Date Of Pronouncement : 05.11. 2024 Date Of Hearing : 13.08.2024 O R D E R Per Bench : This Assessee’S Appeal In Ita No.417/Coch/2023 For Assessment Year 2017-18 Arises Out Of The Order Of The Commissioner Of Income-Tax (Appeals) / Nfac Vide Din & Order No.Itba/Nfac/S/250/2022-23/1051459380(1) Dated 28.03.2023, In Proceedings U/S.250 Of The Income-Tax Act, 1961; In Short “The Act” Hereinafter. Case Called Twice. None Appears At Assessee’S Behest. It Is Accordingly Proceed Exparte.

disallowance, unexplained cash credits addition u/s.68 of Rs.2,87,14,321/-, section 69 unexplained investment addition of Rs.12,73,96

MR.THOMAS DANIEL,PATHANAMTHITTA vs. THE ITO, WARD-4, THIRUVALLA

In the result, the appeal of the assessee is dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.68/Coch/2018 Assessment Year : 2014-15

disallowance under section 40(a)(ia) of the Act is to be made. In our opinion, the amended provisions of section 40(a)(ia) reads as under: "Section 40(a)(ia) : thirty per cent of any sum payable to a resident on which tax is deductible at source under Chapter XVII-B and such tax has not been deducted

MUTHOOT BANKERS,TRIVANDRUM vs. THE ACIT CIRCLE 1(2), TRIVANDRUM

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

section 14A r.w. rule 8D disallowance(s) amounting to Rs.88,68,993/- and Rs. 96,41,136/-; assessment year-wise

MUTHOOT BANKERS,TRIVANDRUM vs. THE ACIT CIRCLE 1(2), TRIVANDRUM

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

section 14A r.w. rule 8D disallowance(s) amounting to Rs.88,68,993/- and Rs. 96,41,136/-; assessment year-wise

THE VAZHAYOOR SERVICE CO OPERATIVE BANK LTD,MALAPPURAM vs. ITO, WARD-2, TRIRUR

In the result, appeal filed by the appellant stands allowed

Bench: Shri Inturi Rama Rao, Am& Shri Rahul Chaudharythe Vazhayoor Service Co-Op. Bank Ltd. .......... Appellant No.D1989, Head Office, Azhinhlam P.O., Ernad, Malappuram Dist., Kerala-673632 [Pan: Aacat 5682 J] Vs. Ito, Ward-2, Tirur .......... Respondent Appellant By: None Respondent By: Smt. Leena Lal, Sr. Dr Date Of Hearing: 22.08.2025 Date Of Pronouncement: 28.08.2025 O R D E R Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee-Cooperative Society Directed Against The Order Passed By The Learned Commissioner Of Income Tax (A)/Nfac, Delhi [For Short, ‘Cit(A)’] Dated 19.06.2025 Passed U/S. 250 Of The Income Tax Act, 1961 (For Short, 'The Act') For The Assessment Year (A.Y.) 2014-15. 2. Brief Facts Of The Case Are That Appellant Is A Cooperative Society Registered Under The Kerala Co-Operative Societies Act, 1969. It Is Classified As Primary Agricultural Credit Cooperative Society. It Is Engaged In The Business Of Accepting Deposits From Member & Providing Credit Facilities To Its Member. The Return Of 2 The Vazhayoor Service Co-Op. Bank Ltd. Income For The A.Y. 2014-15 Was Filed On 30/03/2015 Disclosing Nil Income After Claiming Deduction Under Section 80P Of The Act. Against The Said Return Of Income, The Assessment Was Completed By The Ito, Ward-3, Tirur (For Short, ‘Ao’) Vide Order Dated 19/12/2016 Passed Under Section 143(3) Of The Act At A Total Income Of Rs. 1,72,40,710/- By Disallowing The Claim For Deduction Under Section 80P Of The Act By Holding That The Appellant Is A Cooperative Bank & Hit By The Provisions Of Section 80P(4) Of The Act.

section 80P of the Act, however, confirmed the addition of Rs. 5,96,757/- made on account of disallowance of provisions

CHANDIROOR SERVICE CO-OPERATIVE BANK LTD,ALAPPUZHA vs. JCIT, RANGE 1, ALAPPUZHA

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

disallowing deduction under Section 80P and determining the total income at Rs. 32,96,560. During the assessment proceedings the Assessing