M/S PAZHAYANGADI G GOLD,KANNUR vs. ITO WARD 1 & TPS, KANNUR

In the result, the appeal by the assessee is dismissed

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhailassessment Year : 2018-19 Pazhayangadi G Gold, Ito, Ward-1& Tps, Eazhome Pazhayangadi, Kannur Kannur-670303 Vs. Pan : Aaufp9485G (Appellant) (Respondent) For Assessee : Shri Arun Raj S. Adv. For Revenue : Shri Sanjit Kumar Das, Cit-Dr (Heard In Hybrid Bench) Date Of Hearing : 25-03-2025 Date Of Pronouncement : 27-05-2025 O R D E R

u/s 270A was under a wrong section. The order of the AO was erroneous and prejudicial to the interest of revenue. Hence the order of the AO is set aside to the extent of non-initiation of penalty proceedings under the correct section. The AO is directed to pass fresh order accordingly.” Being aggrieved, the assessee is in appeal before

PANNIVIZHA SERVICE COOPERATIVE BANK LTD 891,M G ROAD ,PANNIVIZHA vs. ITO, WARD 2, KOLLAM

In the result, ITA No. 531/Coch/2025 (Assessment Year 2018-2019) and ITA No

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

10. In result, ITA No. 527/Coch/2025 preferred by the Assessee is allowed. ITA No. 528/Coch/2025 [A.Ys. 2012-2013] ITA No. 529/Coch/2025 [A.Ys. 2013-2014] ITA No. 530/Coch/2025 [A.Ys. 2014-2015] 11. As regards ITA Nos. 528, 529 & 530/Coch/2025 pertaining to the Assessment Years 2012-13, 2013-2014 and 2014-2015 are concerned, the same have been preferred by the Assessee

PANNIVIZHA SERVICE COOPERATIVE BANK LTD 891,M G ROAD PANNIVIZHA vs. ITO, WARD 2, KOLLAM

In the result, ITA No. 531/Coch/2025 (Assessment Year 2018-2019) and ITA No

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

10. In result, ITA No. 527/Coch/2025 preferred by the Assessee is allowed. ITA No. 528/Coch/2025 [A.Ys. 2012-2013] ITA No. 529/Coch/2025 [A.Ys. 2013-2014] ITA No. 530/Coch/2025 [A.Ys. 2014-2015] 11. As regards ITA Nos. 528, 529 & 530/Coch/2025 pertaining to the Assessment Years 2012-13, 2013-2014 and 2014-2015 are concerned, the same have been preferred by the Assessee

PANNIVIZHA SERVICE COOPERATIVE BANK LTD 891,M G ROAD PANNIVIZHA vs. ITO, WARD 2, KOLLAM

In the result, ITA No. 531/Coch/2025 (Assessment Year 2018-2019) and ITA No

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

10. In result, ITA No. 527/Coch/2025 preferred by the Assessee is allowed. ITA No. 528/Coch/2025 [A.Ys. 2012-2013] ITA No. 529/Coch/2025 [A.Ys. 2013-2014] ITA No. 530/Coch/2025 [A.Ys. 2014-2015] 11. As regards ITA Nos. 528, 529 & 530/Coch/2025 pertaining to the Assessment Years 2012-13, 2013-2014 and 2014-2015 are concerned, the same have been preferred by the Assessee

PANNIVIZHA SERVICE COOPERATIVE BANK LTD 891,M G ROAD PANNIVIZHA vs. ITO, WARD 2, KOLLAM

In the result, ITA No. 531/Coch/2025 (Assessment Year 2018-2019) and ITA No

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

10. In result, ITA No. 527/Coch/2025 preferred by the Assessee is allowed. ITA No. 528/Coch/2025 [A.Ys. 2012-2013] ITA No. 529/Coch/2025 [A.Ys. 2013-2014] ITA No. 530/Coch/2025 [A.Ys. 2014-2015] 11. As regards ITA Nos. 528, 529 & 530/Coch/2025 pertaining to the Assessment Years 2012-13, 2013-2014 and 2014-2015 are concerned, the same have been preferred by the Assessee

PANNIVIZHA SERVICE COOPERATIVE BANK LTD 891,MG ROAD PANNIVIZHA vs. ITO, WARD 2, KOLLAM

In the result, ITA No. 531/Coch/2025 (Assessment Year 2018-2019) and ITA No

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

10. In result, ITA No. 527/Coch/2025 preferred by the Assessee is allowed. ITA No. 528/Coch/2025 [A.Ys. 2012-2013] ITA No. 529/Coch/2025 [A.Ys. 2013-2014] ITA No. 530/Coch/2025 [A.Ys. 2014-2015] 11. As regards ITA Nos. 528, 529 & 530/Coch/2025 pertaining to the Assessment Years 2012-13, 2013-2014 and 2014-2015 are concerned, the same have been preferred by the Assessee

PANNIVIZHA SERVICE COOPERATIVE BANK LTD 891,M G ROAD,PANNIVIZHA vs. ITO, WARD 2, KOLLAM

In the result, ITA No. 531/Coch/2025 (Assessment Year 2018-2019) and ITA No

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

10. In result, ITA No. 527/Coch/2025 preferred by the Assessee is allowed. ITA No. 528/Coch/2025 [A.Ys. 2012-2013] ITA No. 529/Coch/2025 [A.Ys. 2013-2014] ITA No. 530/Coch/2025 [A.Ys. 2014-2015] 11. As regards ITA Nos. 528, 529 & 530/Coch/2025 pertaining to the Assessment Years 2012-13, 2013-2014 and 2014-2015 are concerned, the same have been preferred by the Assessee

INDIRA GANDHI MEMORIAL TRUST,NELLIKUZHY P.O vs. JOINT COMMISSIONER OF INCOME TAX (EXEMPTIONS), ERNAKULAM

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K

10 cases where cash repayments aremade, one person is a trustee of the appellant Trust ( Mr K P Shaji) , 4 cases are former employees locally available, from whom notarized affidavits are taken, 2 persons are in abroad from them emails are received and KYC details available, 2 persons passed away and one person is not available for contact). This

INDIRA GANDHI MEMORIAL TRUST,NELLIKUZHY, KOTHAMANGALAM vs. JOINT COMMISSIONER OF INCOME TAX(EXEMPTION), ERNAKULAM

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K

10 cases where cash repayments aremade, one person is a trustee of the appellant Trust ( Mr K P Shaji) , 4 cases are former employees locally available, from whom notarized affidavits are taken, 2 persons are in abroad from them emails are received and KYC details available, 2 persons passed away and one person is not available for contact). This

DY.CIT, CIRCLE 1(1) & TPS, THRISSUR, THRISSUR vs. ARUN MAJEED, THRISSUR

In the result, the appeal filed by the Revenue stands allowed

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm Assessment Year: 2013-14 Dy. Cit, Circle 1(1) & Tps, Thrissur .......... Appellant [Pan: Adopa9351R] Vs. Arun Majeed .......... Respondent Palak Velyannur Temple Road Veliyannur, Thrissur 680021 Appellant By: Smt. Leena Lal, Sr. D.R. Respondent By: ------- None ------- Date Of Hearing: 05.06.2025 Date Of Pronouncement: 31.07.2025

14,73,030/- by making the following additions to the returned income: - i) Capital gain Rs. 8,74,837 ii) Profit from land sale Rs. 10,66,19,832 iii) Rent Rs. 1,08,000 iv) Credits in FB Olarikkara Rs. 3,74,61,047 v) Credits in YES Bank Rs. 1,00,00,000 vi) Cash Deficit

THE SULTHAN BATHERY SERVICE CO-OP BANK LTD,WAYANAD vs. THE JCIT RANGE 2, KOZHIKODE

In the result, both the appeals in ITA Nos

Bench: Shri Chandra Poojari & Shri Soundararajan K.

271 E should have been levied before the end of the year, 31st March 2018 or within 6 months from the month of December 2017, ie on or before 30th June 2018, whichever period expires later. Since the order of the Joint ITA Nos.319 & 320/Coch/2023 & SP Nos.105 & 106/Coch/2023 The SulthanBathery Service Co-operative Bank Limited, Wayanad Page

THE SULTHAN BATHERY SERVICE CO-OP BANK LTD,WAYANAD vs. THE JCIT RANGE 2, KOZHIKODE

In the result, both the appeals in ITA Nos

Bench: Shri Chandra Poojari & Shri Soundararajan K.

271 E should have been levied before the end of the year, 31st March 2018 or within 6 months from the month of December 2017, ie on or before 30th June 2018, whichever period expires later. Since the order of the Joint ITA Nos.319 & 320/Coch/2023 & SP Nos.105 & 106/Coch/2023 The SulthanBathery Service Co-operative Bank Limited, Wayanad Page

SHRI.PRAKASH R. NAIR,KOLLAM vs. DCIT, KOLLAM

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

Bench: Shri Sanjay Arora & Shri Manomohan Dasprakash R. Nair Dy.Cit, Central Circle Prop. Dhanya Foods Kollam Kochuppilammoodu Vs. Kollam 691001 [Pan:Abfpn4424P] (Appellant) (Respondent)

271(1)(c) of the Act vide notice u/s. 274 of even date: 2 Prakash R. Nair v. Dy.CIT, Central Circle i. Claim for deduction u/s 80IA(Rs.68,82,867/-) was rejected. ii. Bank interest of Rs. 3,13,508/- was assessed as ‘Income from Other Sources’. iii. The claim for deduction u/s 80HHC was restricted with reference to section

THE KARANNUR SERVICE CO-OP BANK LTD ,KOZHIKKODE vs. THE ITO, WD-1(2),, KOZHIKKODE

In the result, the appeals by the assessee are allowed

Bench: Shri Sanjay Arora & Shri Manomohan Das

271(1)(c) is reckoned from the date of the assessment order dated 5 ITANos. 248 & 249/Coch/2020 (AY: 2015-16) The Karannur Service Co-op. Bank Ltd. vs. ITO November 6, 2007, the penalty order passed by the Joint Commissioner on July 29, 2008, is beyond the time permitted in the above section. As we have already held, the initiation

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

In the result, the appeals by the assessee are allowed

Bench: Shri Sanjay Arora & Shri Manomohan Das

271(1)(c) is reckoned from the date of the assessment order dated 5 ITANos. 248 & 249/Coch/2020 (AY: 2015-16) The Karannur Service Co-op. Bank Ltd. vs. ITO November 6, 2007, the penalty order passed by the Joint Commissioner on July 29, 2008, is beyond the time permitted in the above section. As we have already held, the initiation

M/S. THE THIRUNELLY SERVICE CO-OPERATIVE BANK,WAYANAD vs. JCIT, RANGE-2, KOZHIKODE

In the result, appeal filed by the assessee stands dismissed

u/s. 271D, no penalty can be levied placing reliance on the decision of Hon'ble Supreme Court in the case of case of CIT Vs. Jai Laxmi Rice Mills (2015) 379 ITR 521 (SC). 9. On the other hand, ld. CIT-DR placing reliance on the decision of this Tribunal in the case of The Nadapuram Service Co-op. Bank

KADUNGAMPARAMBIL MANUAL GEORGE JOSEPH,ERNAKULAM vs. ITO , NON CORPORATE WARD 2(4) & TPS, KOCHI

Appeals are allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

10 10/Coch/2023 2014-15 ITBA/NFAC/S/250/2022- 143(3) r.w.s. 23/1046316129(1) 147 11 271B 11/Coch/2023 2014-15 ITBA/NFAC/S/250/2022- 23/1046316784(1) 12 2014-15 12/Coch/2023 ITBA/NFAC/S/250/2022- 271(1)(c) 23/10463165593(1) 13 13/Coch/2023 2015-16 ITBA/NFAC/S/250/2022- 143(3) r.w.s. 23/1046317013(1) 147 14 14/Coch/2023 2015-16 ITBA/NFAC/S/250/2022- 271B 23/1046317423(1) 15 15/Coch/2023 2015-16 ITBA/NFAC/S/250/2022- 271(1)(c) 23/1046317203(1) 16 16/Coch/2023

KADUNGAMPARAMBIL MANUAL GEORGE JOSEPH,ERNAKULAM vs. ITO , NON CORPORATE WARD 2(4) & TPS, KOCHI

Appeals are allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

10 10/Coch/2023 2014-15 ITBA/NFAC/S/250/2022- 143(3) r.w.s. 23/1046316129(1) 147 11 271B 11/Coch/2023 2014-15 ITBA/NFAC/S/250/2022- 23/1046316784(1) 12 2014-15 12/Coch/2023 ITBA/NFAC/S/250/2022- 271(1)(c) 23/10463165593(1) 13 13/Coch/2023 2015-16 ITBA/NFAC/S/250/2022- 143(3) r.w.s. 23/1046317013(1) 147 14 14/Coch/2023 2015-16 ITBA/NFAC/S/250/2022- 271B 23/1046317423(1) 15 15/Coch/2023 2015-16 ITBA/NFAC/S/250/2022- 271(1)(c) 23/1046317203(1) 16 16/Coch/2023

KADUNGAMPARAMBIL MANUAL GEORGE JOSEPH,ERNAKULAM vs. ITO , NON CORPORATE WARD 2(4) & TPS, KOCHI

Appeals are allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

10 10/Coch/2023 2014-15 ITBA/NFAC/S/250/2022- 143(3) r.w.s. 23/1046316129(1) 147 11 271B 11/Coch/2023 2014-15 ITBA/NFAC/S/250/2022- 23/1046316784(1) 12 2014-15 12/Coch/2023 ITBA/NFAC/S/250/2022- 271(1)(c) 23/10463165593(1) 13 13/Coch/2023 2015-16 ITBA/NFAC/S/250/2022- 143(3) r.w.s. 23/1046317013(1) 147 14 14/Coch/2023 2015-16 ITBA/NFAC/S/250/2022- 271B 23/1046317423(1) 15 15/Coch/2023 2015-16 ITBA/NFAC/S/250/2022- 271(1)(c) 23/1046317203(1) 16 16/Coch/2023