M/S.KERALA FEEDS LTD,THRISSUR vs. ITO, TRICHUR

In the result, appeal is allowed for statistical purposes

Bench: Shri N. V. Vasudevan & Ms. Padmavathy Sassessment Year : 2015-16 M/S. Kerala Feeds Limited, Vs. The Income Tax Department, Kallettumkara, Irinjalakunda, National Faceless Appeal Thrissur – 680 683. Centre (Nfac). Pan : Aaack 9796 N Ito (Tds), Thrissur. Appellant Respondent

section 201(1) with regard to short deduction of tax at source in respect of the following employees along with the reasons thereon: Page 4 of 6 Excess Interest S.N Name of the Reasons given by the AO deduction Employee Housing Loan Interest not allowable 1,43,553 1 Usha since property is not in the name of Padmanabhan assessee

REJI KRISHNAN,TRIVANDRUM vs. ITO, WARD-1(1), TRIVANDRUM

In the result, the appeal filed by the assessee is partly allowed and the stay application is dismissed as infructuous

Bench: Shri Chandra Poojari & Shri Soundararajan K

property is also eligible for deduction u/s.54F of the Act and the 4 Sri.Reji Krishnan. other expenses incurred in respect of the transactions are also reasonable and therefore, prayed to allow the appeal. 5. The learned Departmental Representative relied on the orders of the authorities below and prayed to dismiss the appeal. 6. We heard the arguments of both sides

THE ACIT, KOCHI vs. M/S.KUNNEL ENGINEERS & CONTRACTORS P. LTD, KOCHI

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

43 of 1961). (5) (a) The CENVAT credit shall be allowed even if any inputs or capital goods as such or after being partially processed are sent to a job worker for further processing, testing, repair, re-conditioning, or for the manufacture of intermediate goods necessary for the manufacture of final products or any other purpose, and it is established

THE ACIT CIR-1(1), THRISSUR vs. SOUTH INDIAN BANK LTD, THRISSUR

In the result, both the appeal filed by the assessee as well as the appeal filed

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

property for construction of house/flats Total 50,98,18,515 8.6. From the above discussions, it is clear that the said loans falls under the eligible business of providing long term finance for industrial or agricultural development, development of infrastructure facility in India 10 I.T.A. Nos.215&219/Coch/2018 and development of housing in India and hence is eligible for deduction u/s.36

SOUTH INDIAN BANK LTD,THRISSUR vs. THE ACIT CIR-1(1), THRISSUR

In the result, both the appeal filed by the assessee as well as the appeal filed

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

property for construction of house/flats Total 50,98,18,515 8.6. From the above discussions, it is clear that the said loans falls under the eligible business of providing long term finance for industrial or agricultural development, development of infrastructure facility in India 10 I.T.A. Nos.215&219/Coch/2018 and development of housing in India and hence is eligible for deduction u/s.36

M/S BEST BAKERY & ICE CREAM PARLOUR,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

5,53,954 (6,97,490 - 1,43,536) in restaurant sales and Rs. 15,18,078 (55,85,642 - 40,67,465) in liquor sales in the accounts on which the returns filed under section 139 and 153A were based for a period of about a month. In terms of percentage, the suppression worked

M/S. MATHA ENTERPRISES,,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

5,53,954 (6,97,490 - 1,43,536) in restaurant sales and Rs. 15,18,078 (55,85,642 - 40,67,465) in liquor sales in the accounts on which the returns filed under section 139 and 153A were based for a period of about a month. In terms of percentage, the suppression worked

M/S. MATHA ENTERPRISES,,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

5,53,954 (6,97,490 - 1,43,536) in restaurant sales and Rs. 15,18,078 (55,85,642 - 40,67,465) in liquor sales in the accounts on which the returns filed under section 139 and 153A were based for a period of about a month. In terms of percentage, the suppression worked

DCIT, ERNAKULAM vs. MATHA ENTERPRISES, ANGAMALLY

In the result, the appeals of the assessee in ITA Nos

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

5,53,954 (6,97,490 - 1,43,536) in restaurant sales and Rs. 15,18,078 (55,85,642 - 40,67,465) in liquor sales in the accounts on which the returns filed under section 139 and 153A were based for a period of about a month. In terms of percentage, the suppression worked

M/S BEST BAKERY & ICE CREAM PARLOUR,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

5,53,954 (6,97,490 - 1,43,536) in restaurant sales and Rs. 15,18,078 (55,85,642 - 40,67,465) in liquor sales in the accounts on which the returns filed under section 139 and 153A were based for a period of about a month. In terms of percentage, the suppression worked

M/S BEST BAKERY & ICE CREAM PARLOUR,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

5,53,954 (6,97,490 - 1,43,536) in restaurant sales and Rs. 15,18,078 (55,85,642 - 40,67,465) in liquor sales in the accounts on which the returns filed under section 139 and 153A were based for a period of about a month. In terms of percentage, the suppression worked

M/S. MATHA ENTERPRISES,,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

5,53,954 (6,97,490 - 1,43,536) in restaurant sales and Rs. 15,18,078 (55,85,642 - 40,67,465) in liquor sales in the accounts on which the returns filed under section 139 and 153A were based for a period of about a month. In terms of percentage, the suppression worked

SMT.K.B.SONY,COCHIN vs. THE DCIT, COCHIN

In the result, i) The appeal of the assessee in ITA No

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

property at Alungal and Thallassery and also for renovating the house at Alungal and Thalassery. Thus, the Assessing Officer treated the entire consideration paid by the assessee as undisclosed investment of the assessee and assessed u/s. 69 of I.T. Act. As the document was registered in the name of assessee’s mother, the assessment would be made in her name

INFOPARKS KERALA,COCHIN vs. THE ACIT, COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

property’ (IFHP), and cannot be treated as business income. Reliance stood also placed by it on the decisions in Addl.CIT v. Surat Art and Silk Mfrs. Assn. [1980] 121 ITR 1 (SC); CIT v. Gujarat Maritime Board [2007] 295 ITR 561 (SC); CIT v. Dawoodi Bohra Jamat [2014] 364 ITR 31 (SC); and DIT(E) v. Sabarmati Ashram Gaushala Trust

INFOPARKS KERALA,TRIVANDRUM vs. THE JT DIRECTOR OF IT (OSD) EXEM), COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

property’ (IFHP), and cannot be treated as business income. Reliance stood also placed by it on the decisions in Addl.CIT v. Surat Art and Silk Mfrs. Assn. [1980] 121 ITR 1 (SC); CIT v. Gujarat Maritime Board [2007] 295 ITR 561 (SC); CIT v. Dawoodi Bohra Jamat [2014] 364 ITR 31 (SC); and DIT(E) v. Sabarmati Ashram Gaushala Trust

INFOPARKS KERALA,TRIVANDRUM vs. THE JT DIRECTOR OF IT (OSD) EXEM), COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

property’ (IFHP), and cannot be treated as business income. Reliance stood also placed by it on the decisions in Addl.CIT v. Surat Art and Silk Mfrs. Assn. [1980] 121 ITR 1 (SC); CIT v. Gujarat Maritime Board [2007] 295 ITR 561 (SC); CIT v. Dawoodi Bohra Jamat [2014] 364 ITR 31 (SC); and DIT(E) v. Sabarmati Ashram Gaushala Trust

THE KUNDARA PANCHAYATH SERVICE COOPERATIVE BANK LTD,KOLLAM vs. INCOME TAX OFFICER, WARD-4, KOLLAM

In the result, appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

housing society; property chargeable under section 22. (2) An urban consumer society; (3) A society carrying on transport business; (4) A society engaged in the performance of any manufacturing operations with the aid of power, where the gross total income does not exceed Rs. 20,000 (twenty thousand rupees) 29. From the Tabular form presented above, it may be clear

THE KUNDARA PANCHAYATH SERVICE COOPERATIVE BANK LTD,KOLLAM vs. INCOME TAX OFFICER, WARD 4, KOLLAM

In the result, appeals filed by the assessee are allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubey

housing society; property chargeable under section 22. (2) An urban consumer society; (3) A society carrying on transport business; (4) A society engaged in the performance of any manufacturing operations with the aid of power, where the gross total income does not exceed Rs. 20,000 (twenty thousand rupees) 29. From the Tabular form presented above, it may be clear