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54 results for “house property”+ Revision u/s 263clear

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Key Topics

Section 26396Section 143(3)50Section 37(1)26Addition to Income25Section 6819Disallowance15Section 115B14Revision u/s 26314Deduction13Section 40

SRI.ABDUL KAREEM,ERNAKULAM vs. THE ITO, ALUVA

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

ITA 123/COCH/2019[2014-15]Status: DisposedITAT Cochin17 Jul 2019AY 2014-15

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

For Appellant: Sri.T.John GeorgeFor Respondent: Sri.Shantom Bose
Section 143(2)Section 143(3)Section 145ASection 153Section 263Section 28Section 56Section 56(2)(viii)Section 57

House Vs. Ward 1 & TPS, Thuravumkara P.O. Aluva Kanjoor, Ernakulam District PAN : ARAPA2283J (Appellant) (Respondent) Appellant by : Sri.T.John George Respondent by : Sri.Shantom Bose Date of Pronouncement : 17.07.2019 Date of Hearing : 16.07.2019 O R D E R Per George George K, JM : This appeal at the instance of the assessee is directed against the Commissioner of Income-tax’s order dated

Showing 1–20 of 54 · Page 1 of 3

10
Section 578
Section 457

M/S.OBERON EDIFICES & ESTATES P. LTD,,KOCHI vs. THE PR.CIT,, TRIVANDRUM

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

ITA 361/COCH/2017[2013-14]Status: DisposedITAT Cochin23 Jul 2018AY 2013-14

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No. 361/Coch/2017 Assessment Year : 2013-14 M/S. Oberon Edifices & Estates Vs. The Principal Commissioner Of Pvt. Ltd., Oberon Mall, Income-Tax, Trivandrum. Nh Bye-Pass, Edapally, Kochi-682 024. [Pan:Aaaco 7942E]

Section 263

house property, the Assessing Officer has erred in assessing the same as profit and gains of business on a lower base in I.T.A. No./361/C/2017 the order passed u/s. 143(3) of the Act which renders the assessment erroneous and prejudicial to the interests of revenue. Accordingly he gave the above directions to the Assessing Officer by invoking the provisions

SRI.C.V.JOBY,PALAKKAD vs. THE ITO, PALAKKAD

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

ITA 689/COCH/2019[2014-15]Status: DisposedITAT Cochin10 Mar 2020AY 2014-15

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

For Appellant: Sri.Padmanathan K.V., CAFor Respondent: Sri. Santhom Bose, CIT-DR
Section 143(3)Section 263Section 68

revision u/s 263 of the I.T.Act, it was submitted that the impugned notice u/s 263 of the I.T.Act lacks jurisdiction and is barred by limitation. Further, it was submitted that during the assessment year 2014-2015, the assessee was having loss from house property

SMT.MITHRA PAUL,MUVATTUPUZHA vs. THE ITO,WD-1, THODUPUZHA

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

ITA 421/COCH/2019[2014-15]Status: DisposedITAT Cochin20 Sept 2019AY 2014-15

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

Section 115BSection 143(3)Section 153Section 263Section 44ASection 69B

263 as bad in law. 6.1 In the present case, at the time of assessment proceedings, the Assessing Officer had called for details from the assessee and the assessee has replied vide two letters dated 27/08/2016 and 23/08/2016 which contained the following details: From, Mithra Paul 8/243, Pottayail House Mekkadampu (PO) Muvattapuzha Ernakulam- 682316 To, 8 I.T.A. No 421/Coch/2019

M/S.SAHYADRI AGENCIES LTD,KANDNASSERY, THRISSUR vs. THE ITO, WD-1(3), THRISSUR

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

ITA 439/COCH/2019[2014-15]Status: DisposedITAT Cochin05 Nov 2019AY 2014-15

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

For Appellant: Sri.Bomi Daruwala, AdvocateFor Respondent: Smt.A.S.Bindhu, Sr.DR
Section 143(1)Section 143(3)Section 14ASection 263Section 56(2)(viib)Section 68

House Vs. Ward 1(3) Kandanisseri Trichur. Thrissur – 680 102. PAN : AAICS5338J. (Appellant) (Respondent) Appellant by : Sri.Bomi Daruwala, Advocate Respondent by : Smt.A.S.Bindhu, Sr.DR Date of Pronouncement : 05.11.2019 Date of Hearing : 15.10.2019 O R D E R Per George George K, JM This appeal at the instance of the assessee is directed against CIT’s order dated 29.03.2019 passed u/s 263

SMT.MEENA JOBBY,PALAKKAD vs. THE ITO, PALAKKAD

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

ITA 589/COCH/2019[2015-16]Status: DisposedITAT Cochin10 Mar 2020AY 2015-16

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

For Appellant: Sri.Padmanathan K.V., CAFor Respondent: Sri. Santhom Bose, CIT-DR
Section 143(3)Section 263Section 68

revision u/s 263 of the I.T.Act. It was submitted that during the assessment year 2015-2016, 3 Smt.Meena Joby. the assessee was having loss from house property

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

ITA 204/COCH/2019[2014-15]Status: DisposedITAT Cochin03 Dec 2019AY 2014-15

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

Section 143(2)Section 143(3)Section 263Section 37(1)

revising the assessment order, the Pr. CIT placed reliance on the observations of the Delhi High Court in the case of Gee Vee Enterprises Vs Addl.CTT 99 TTR 75 as follows:- '(14) The reason is obvious. The position and function of the Income Tax Officer is very different from that of a civil court. The statements are made

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

ITA 203/COCH/2019[2014-15]Status: DisposedITAT Cochin03 Dec 2019AY 2014-15

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

Section 143(2)Section 143(3)Section 263Section 37(1)

revising the assessment order, the Pr. CIT placed reliance on the observations of the Delhi High Court in the case of Gee Vee Enterprises Vs Addl.CTT 99 TTR 75 as follows:- '(14) The reason is obvious. The position and function of the Income Tax Officer is very different from that of a civil court. The statements are made

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

ITA 202/COCH/2019[2014-15]Status: DisposedITAT Cochin03 Dec 2019AY 2014-15

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

Section 143(2)Section 143(3)Section 263Section 37(1)

revising the assessment order, the Pr. CIT placed reliance on the observations of the Delhi High Court in the case of Gee Vee Enterprises Vs Addl.CTT 99 TTR 75 as follows:- '(14) The reason is obvious. The position and function of the Income Tax Officer is very different from that of a civil court. The statements are made

GATEWAY DISTRIPARKS(KERALA) LTD,COCHIN vs. ACIT, COCHIN

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

ITA 216/COCH/2018[2013-14]Status: DisposedITAT Cochin28 Aug 2018AY 2013-14

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.216/Coch/2018 Assessment Year : 2013-14 Gateway Distriparks (Kerala) Vs. The Assistant Commissioner Of Ltd., Door No. 26/1804, Income-Tax, Circle-1(2), Kochi Chakiat House, Subramaniam Road, Willington Island, Kochi-682 003. [Pan:Aaccg 6616P] (Assessee-Appellant) (Revenue-Respondent) Assessee By Shri P.M. Veeramani, Ca Revenue By Smt. A.S. Bindhu, Dr Date Of Hearing 14/08/2018 Date Of Pronouncement 28/08/2018

Section 143(3)Section 263Section 32Section 32(1)(ii)

u/s. 263 of the Act was thus disposed of. 4. Against this, the assessee is in appeal before us. The Ld. AR submitted that the assessee had furnished the copies of the lease deed, allotment letter and connected papers and also furnished its explanation for the claim of depreciation vide its letter dated 10.2.2016. The Ld. AR submitted that

DESAI HOMES,ERNAKULAM vs. THE ACIT NON CORP CIRCLE 2(1), COCHIN

In the result, appeal filed by the assessee stands dismissed

ITA 316/COCH/2023[2017-18]Status: DisposedITAT Cochin11 Mar 2025AY 2017-18

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm Assessment Year: 2017-18 Desai Homes .......... Appellant Dd Trade Tower, Kadavanthra Road Kaloor, Kochi 682017 [Pan: Aacfd0390E] Vs. Acit, Non-Corporte Circle 2(1) .......... Respondent C.R. Building, I.S. Press Road, Kochi 682018 Appellant By: Ms. Rohini Thampy, Ca Respondent By: Shri Sanjit Kumar Das, Cit-Dr Date Of Hearing: 03.02.2025 Date Of Pronouncement: 11.03.2025

For Appellant: Ms. Rohini Thampy, CAFor Respondent: Shri Sanjit Kumar Das, CIT-DR
Section 143(3)Section 263Section 80I

263 of Income Tax Act, 1961 (hereinafter "the Act") for Assessment Year (AY) 2017-18. 2. Brief facts of the case are that the appellant is a partnership firm engaged in the business of builder and developer. The return of income for AY 2017-18 was filed on 29.10.2017 and the same was 2 Desai Homes revised on 30.10.2018 declaring

REENAZ PROPERTIES P. LTD,EDAPALLY, KOCHI vs. THE PR CIT, KOCHI

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

ITA 137/COCH/2019[2014-15]Status: DisposedITAT Cochin16 Oct 2019AY 2014-15

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

For Appellant: Sri.R.KrishnanFor Respondent: Sri.Sudhanshu Shekar Jha
Section 143(3)Section 263Section 43CSection 50C

revised, as it is a subject matter of appeal before the Commissioner of Income Tax (Appeals). 5. The learned Principal Commissioner of Income Tax ought to have noted that the Assessing Officer having taken a position that the income is assessable a capital gains, the question of invoking Section 43CA does not arise. Appellant prays that the order u/s 263

SHRI.P.V. RAVEENDRAN,KANNUR vs. THE ITO, KANNUR

In the result, both the appeals filed by the assessee stands allowed

ITA 303/COCH/2020[2015-16]Status: DisposedITAT Cochin14 Sept 2022AY 2015-16

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri T.M. Sreedharan, AdvFor Respondent: Shri Shantam Bose, CIT DR
Section 115BSection 263Section 3(1)(b)Section 68

House Property of Rs. 72,000 , the provisions u/s 115BBE r.w.s 69 are applicable as the source for the such amount has not been explained with any cogent evidence even during the survey/assessment proceedings but also during the revision proceedings. Therefore this amount is required to be taxed. Further Rs. 5,28,000 said to be the income derived from

SRI.P.V.RAVINDRAN,KANNUR vs. THE ITO, KANNUR

In the result, both the appeals filed by the assessee stands allowed

ITA 302/COCH/2020[2014-15]Status: DisposedITAT Cochin14 Sept 2022AY 2014-15

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri T.M. Sreedharan, AdvFor Respondent: Shri Shantam Bose, CIT DR
Section 115BSection 263Section 3(1)(b)Section 68

House Property of Rs. 72,000 , the provisions u/s 115BBE r.w.s 69 are applicable as the source for the such amount has not been explained with any cogent evidence even during the survey/assessment proceedings but also during the revision proceedings. Therefore this amount is required to be taxed. Further Rs. 5,28,000 said to be the income derived from

KERALA TRANSPORT DEVELOPMENT FINANCE CORPORATION LTD,TRIVANDRUM vs. THE PCIT , TRIVANDRUM

In the result, appeal filed by the assessee stands allowed

ITA 443/COCH/2023[2018-19]Status: DisposedITAT Cochin15 Jul 2025AY 2018-19

Bench: Shri Inturi Rama Rao, Am & Sonjoy Sarma, Jm Assessment Year:2018-19 Kerala Transport Development Finance .......... Appellant Corporation Limited, Thiruvananthapuram. Pan: Aabck1318F Vs.

For Appellant: Smt. Anoopa, AdvocateFor Respondent: Smt. Veni Raj, CIT-DR
Section 115JSection 143(3)Section 263Section 32

263 of the Act in case the assessment order passed is erroneous and prejudicial to the interests of revenue. In order to invoke the power of revision, the above two conditions are required to be satisfied cumulatively. References in this regard can be made to the decision 4 Kerala Transport Development Finance Corporation Ltd vs. PCIT

SHRI.VISWANATHA MANOJ KUMAR,KOCHI vs. THE PR.CIT, KOCHI

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

ITA 151/COCH/2021[2016-17]Status: DisposedITAT Cochin12 Jun 2023AY 2016-17

Bench: Shri Sanjay Arora & Shri Aby T.Varkeyviswanatha Manoj Kumar Pr. Commissioner Of 39/421, Temple Road Income Tax - 1 Kadavanthara Vs. C.R. Building, I.S. Press Road Ernakulam 682020 Kochi 682018 [Pan:Adwpm1619G] [Appellant] [Respondent] Appellant By: Shri K.M.V. Pandalai, Advocate Respondent By: Shri Prasanth V.K., Cit-Dr

For Appellant: Shri K.M.V. Pandalai, AdvocateFor Respondent: Shri Prasanth V.K., CIT-DR
Section 14Section 143(3)Section 147Section 263Section 263(1)Section 56(2)(vii)

House [1971] 82 ITR 824 (SC); CIT v. Amitabh Bachchan [2016] 384 ITR 200 (SC), that a show cause notice is not a concomitant of the proceedings u/s. 263. The whole premise of a notice is to put the assessee to notice of the proceedings under section 263 having been initiated against it and, two, afford an opportunity of hearing

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

ITA 141/COCH/2017[2013-14]Status: DisposedITAT Cochin26 Jun 2019AY 2013-14

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

Section 143(3)Section 194A(3)(viia)Section 195Section 263Section 40Section 40A(3)Section 80P

revision proceedings u/s. 263 of the Act directing the Assessing Officer to frame the assessment order afresh in the following manner: A. Compute profit and gains of business and profession in accordance with provisions of Chapter IV-D including verification of the following: i. ensuring that the proof and identity of persons to whom interest payable is debited is established

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

ITA 563/COCH/2018[2013-14]Status: DisposedITAT Cochin26 Jun 2019AY 2013-14

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

Section 143(3)Section 194A(3)(viia)Section 195Section 263Section 40Section 40A(3)Section 80P

revision proceedings u/s. 263 of the Act directing the Assessing Officer to frame the assessment order afresh in the following manner: A. Compute profit and gains of business and profession in accordance with provisions of Chapter IV-D including verification of the following: i. ensuring that the proof and identity of persons to whom interest payable is debited is established

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

ITA 93/COCH/2018[2014-15]Status: DisposedITAT Cochin26 Jun 2019AY 2014-15

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

Section 143(3)Section 194A(3)(viia)Section 195Section 263Section 40Section 40A(3)Section 80P

revision proceedings u/s. 263 of the Act directing the Assessing Officer to frame the assessment order afresh in the following manner: A. Compute profit and gains of business and profession in accordance with provisions of Chapter IV-D including verification of the following: i. ensuring that the proof and identity of persons to whom interest payable is debited is established

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

ITA 400/COCH/2018[2014-15]Status: DisposedITAT Cochin26 Jun 2019AY 2014-15

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

Section 143(3)Section 194A(3)(viia)Section 195Section 263Section 40Section 40A(3)Section 80P

revision proceedings u/s. 263 of the Act directing the Assessing Officer to frame the assessment order afresh in the following manner: A. Compute profit and gains of business and profession in accordance with provisions of Chapter IV-D including verification of the following: i. ensuring that the proof and identity of persons to whom interest payable is debited is established