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BHIMA JEWELLERS,SULTHAN BATHERY, WAYANAD vs. THE PR CIT, KOZHIKKODE, KOZHIKKODE

In the result, appeal of the assessee is dismissed

ITA 208/COCH/2018[2013-14]Status: DisposedITAT Cochin17 Aug 2018AY 2013-14

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.208/Coch/2018 Assessment Year : 2013-14 M/S. Bhima Jewellers, Vs. The Pr. Commissioner Of Income- 6/785 Ai, Tax, Kozhikode. Mysore Road, Chungum Junction, Sulthan Bathery, Wayanad-673 592. [Pan: Aakfb 9817C] (Assessee-Appellant) (Revenue-Respondent) Revenue By Shri Dhanaraj A. Sr. Dr Assessee By Shri R. Krishnan, Ca Date Of Hearing 05/07/2018 Date Of Pronouncement 20/08/2018

Section 115BSection 14Section 143(3)Section 263Section 68Section 69Section 69ASection 69BSection 69CSection 69D

B -[omitted by the Finance Act 1989] C-Income from house property. 12 D—Profits and gains of business or profession. E,—Capital gains. F—Income from other sources. 11. Some of the salient features of section 14 insofar as they have material bearing on the issue under appeal are as under:- (i) Section 14 merely classifies the income under

M/S.PRINCE ROLLER FLOUR MILLS P. LTD,PALAKKAD vs. THE ACIT, KOCHI

In the result, appeals of the assessee are allowed and the appeals of the

ITA 36/COCH/2019[2009-10]Status: DisposedITAT Cochin20 Dec 2019AY 2009-10

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

Section 132Section 143(2)Section 153A

120 Less: sale value of Wheat to P.K. Kunjumoideen Rs. 3,82,76,401 Income undisclosed in the hands of the Assessee Rs.1,08,37,719 The assessee when pricing the product in the open market would not differentiate between its VAT levied and non levied items and could have priced it at the same rate. VAT rates were 4

THE ACIT, KOCHI vs. M/S.PRINCE ROLLER FLOUR MILLS P. LTD, PALAKKAD

In the result, appeals of the assessee are allowed and the appeals of the

ITA 21/COCH/2019[2009-10]Status: DisposedITAT Cochin16 Dec 2019AY 2009-10

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

Section 132Section 143(2)Section 153A

120 Less: sale value of Wheat to P.K. Kunjumoideen Rs. 3,82,76,401 Income undisclosed in the hands of the Assessee Rs.1,08,37,719 The assessee when pricing the product in the open market would not differentiate between its VAT levied and non levied items and could have priced it at the same rate. VAT rates were 4

THE ACIT, TRICHUR vs. SRI.ARUN MAJEED, THRISSUR

In the result, the appeals of the Revenue are dismissed

ITA 496/COCH/2018[2013-14]Status: DisposedITAT Cochin06 Feb 2019AY 2013-14

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

Section 132Section 143(3)Section 153A

120/- Rs.94,70,000/- Less purchase cost Rs.1,61,44,789/- Rs.17,19,750/- Profit Rs.3,11,14,331/- Rs.77,50,250/- Addition : Rs.3,88,64,581/- Assessment Year : 2013-14 Profit from land sale at Ayyanthole, Nadathara & Mulankunathukavu Sale Purchase Incidental charges Profit consideration value to property purchase AYYANTHOLE-1 77711960 262551312 51160648 AYYANTHOLE-2 2996240 1089928 1906312 I.T.A

THE ACIT, TRICHUR vs. SRI.ARUN MAJEED, THRISSUR

In the result, the appeals of the Revenue are dismissed

ITA 494/COCH/2018[2011-12]Status: DisposedITAT Cochin06 Feb 2019AY 2011-12

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

Section 132Section 143(3)Section 153A

120/- Rs.94,70,000/- Less purchase cost Rs.1,61,44,789/- Rs.17,19,750/- Profit Rs.3,11,14,331/- Rs.77,50,250/- Addition : Rs.3,88,64,581/- Assessment Year : 2013-14 Profit from land sale at Ayyanthole, Nadathara & Mulankunathukavu Sale Purchase Incidental charges Profit consideration value to property purchase AYYANTHOLE-1 77711960 262551312 51160648 AYYANTHOLE-2 2996240 1089928 1906312 I.T.A

THE ACIT, TRICHUR vs. SRI.ARUN MAJEED, THRISSUR

In the result, the appeals of the Revenue are dismissed

ITA 497/COCH/2018[2014-15]Status: DisposedITAT Cochin06 Feb 2019AY 2014-15

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

Section 132Section 143(3)Section 153A

120/- Rs.94,70,000/- Less purchase cost Rs.1,61,44,789/- Rs.17,19,750/- Profit Rs.3,11,14,331/- Rs.77,50,250/- Addition : Rs.3,88,64,581/- Assessment Year : 2013-14 Profit from land sale at Ayyanthole, Nadathara & Mulankunathukavu Sale Purchase Incidental charges Profit consideration value to property purchase AYYANTHOLE-1 77711960 262551312 51160648 AYYANTHOLE-2 2996240 1089928 1906312 I.T.A

THE ACIT, TRICHUR vs. SRI.ARUN MAJEED, THRISSUR

In the result, the appeals of the Revenue are dismissed

ITA 495/COCH/2018[2012-13]Status: DisposedITAT Cochin06 Feb 2019AY 2012-13

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

Section 132Section 143(3)Section 153A

120/- Rs.94,70,000/- Less purchase cost Rs.1,61,44,789/- Rs.17,19,750/- Profit Rs.3,11,14,331/- Rs.77,50,250/- Addition : Rs.3,88,64,581/- Assessment Year : 2013-14 Profit from land sale at Ayyanthole, Nadathara & Mulankunathukavu Sale Purchase Incidental charges Profit consideration value to property purchase AYYANTHOLE-1 77711960 262551312 51160648 AYYANTHOLE-2 2996240 1089928 1906312 I.T.A