EDATHURUTHYKARAN PAVOO GEORGE,ERNAKULAM vs. THE ACITCIRCLE-1, KOCHI

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

Bench: Shri George George K. & Ms. Padmavathy S.Edathuruthykaran Pavoo George Vs Acit, Circle - 1(1) 40/2102, Market Road Kochi Ernakulam 682035 Pan – Abzpg4486E (Appellant) (Respondent) Assessee By: Smt. Athira Anil, Ca Revenue By: Smt. J.M. Jamuna Devi, Sr. Dr Date Of Hearing: 02.03.2023 Date Of Pronouncement: 03.03.2023 O R D E R Per: George George K., J.M. This Appeal At The Instance Of The Assessee Is Directed Against The Order Of The Cit(A)/Nfac, Delhi Dated 24.11.2021 Passed Under Section 250 Of The Income Tax Act, 1961 (The Act). The Relevant Assessment Year Is 2009-10. 2. The Brief Facts Of The Case Are As Follows: - The Assessee Is An Individual, Who Is Running A Proprietary Concern In The Name Of M/S. Novelty Textiles. The Proprietary Concern Is A Wholesale Dealer In Textile Products. For Ay 2009-10 Return Of Income Was Filed On 28.09.2009 Declaring Total Income Of Rs.2,83,44,875/-. The Assessment Was Completed Under Section 143(3) Of The Act Vide Order Dated 26.12.2011 By Assessing The Total Income At Rs.2,89,52,150/-. Subsequently Notice Was Issued

deduction. Therefore, the reassessment was initiated only on a mere change of opinion. On identical facts, the Tribunal in assessee

M/S.US TECHNOLOGY INTERNATIONAL P. LTD,TRIVANDRUM vs. THE JCIT, TRIVANDRUM

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

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

deduction claimed under clauses (vii) and (viia) of section 36(1) and the foreign exchange rate difference was allowed. A notice was issued under section 148 on 21-10-1999 following which the first reassessment

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)

deduction u/s. 80HHC by Rs. 125.88 (471.53 – 345.65) lakhs was explained to be in view of the reassessment proceedings, which

KRYTHIUM SOLUTIONS P.LTD,KOCHI vs. THE ACIT, KOCHI

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

Bench: Shri George George K

reassessment proceedings, as the same are meant for bringing to tax income which has escaped assessment and cannot be basis for assessee to make claims which are barred by limitation.” 3.1 For the assessment year 2011-2012, the assessment was completed u/s 143(3) of the I.T.Act rejecting the claim of deduction

KRYTHIUM SOLUTIONS P.LTD,KOCHI vs. THE ACIT, KOCHI

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

Bench: Shri George George K

reassessment proceedings, as the same are meant for bringing to tax income which has escaped assessment and cannot be basis for assessee to make claims which are barred by limitation.” 3.1 For the assessment year 2011-2012, the assessment was completed u/s 143(3) of the I.T.Act rejecting the claim of deduction

KRYTHIUM SOLUTIONS P.LTD,KOCHI vs. THE ACIT, KOCHI

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

Bench: Shri George George K

reassessment proceedings, as the same are meant for bringing to tax income which has escaped assessment and cannot be basis for assessee to make claims which are barred by limitation.” 3.1 For the assessment year 2011-2012, the assessment was completed u/s 143(3) of the I.T.Act rejecting the claim of deduction

KRYTHIUM SOLUTIONS P.LTD,KOCHI vs. THE ACIT, KOCHI

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

Bench: Shri George George K

reassessment proceedings, as the same are meant for bringing to tax income which has escaped assessment and cannot be basis for assessee to make claims which are barred by limitation.” 3.1 For the assessment year 2011-2012, the assessment was completed u/s 143(3) of the I.T.Act rejecting the claim of deduction

THOTTIPAL SERVICE COOPERATIVE BANK,THRISSUR vs. ITO WARD 2(5), THRISSUR

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

reassessment proceedings under Section 147 of the Act were initiated by issuance of notice under Section 1448 of the Act. In response, the Assessee filed a return of income on 19/11/2021 declaring ‘Nil’ income after claiming deduction

THE CHOICE FOUNDATION,COCHIN vs. THE ACIT, COCHIN

In the result, appeal filed by the assessee is allowed

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

deduction u/s 11(1)(d) of the I.T.Act was not subject matter of reassessment proceedings u/s 147 r.w.s. 148 of the I.T.Act

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

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

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

deducted by the assessing officer survey team or the assessing officer during the reassessment proceedings and there was not incriminating

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

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

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

deducted by the assessing officer survey team or the assessing officer during the reassessment proceedings and there was not incriminating

ALA SERVICE CO-OPERATIVE BANK LTD.NO.R 321,KODUNGALLUR vs. INCOME TAX OFFICER, AAYAKAR BHAVAN

In the result, the appeal filed by the assessee is dismissed with respect to the issue agitated before us

Bench: Shri Inturi Rama Rao & Shri Prakash Chand Yadav

reassessment proceedings, the Assessing Officer observed that the assessee has earned interest on fixed deposits and has claimed deduction u/s.80P

M/S PERINGATTU HEALTH FOUNDATION PRIVATE,ERNAKULAM vs. ITO CORPORATE WARD 2(3), KOCHI

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

Bench: Shri Chandra Poojari & Shri Soundararajan K.Assessment Year:2014-15

deducted tax at source only on an amount of Rs.1 lac. It is submitted during the course of the reassessment

M/S.COOL MINDS TECHNOLOGIES P. LTD,COCHIN vs. THE ACIT, COCHIN

The appeals are dismissed

Bench: CIT(A) the it was claimed by the Assessee that deduction under Section 10B of the Act was initially claimed by the Assessee under the bona fide belief that it is entitled to deduction under Section 10B of the Act. The CITT(A) dismissed the appeal of the Assessee agreeing with the Assessing Officer and holding that the Assessing Officer was justified in not considering the claim made by the Assessee under Section 10A of the Act. Now the Assessee is in

deduction under Section 10B for the income from export of software. The case was selected for scrutiny through CASS and assessment was completed u/s 143(3) of the Act. Later, reassessment

KARIKODE SERVICE CO-OPERATIVE BANK LTD.,THODUPUZHA vs. THE ITO WARD-1, THODUPUZHA, THODUPUZHA

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

Bench: Shri George George K. & Ms. Padmavathy S.

deduction under Section SOP of the Act. It is noted that penalty under Sections 271B and 271F of the Act was also imposed. 3. Aggrieved-by the reassessment

REENA ENGINEERS AND CONTRACTORS PRIVATE LTD,PANAJI vs. ACIT, CENTRAL CIRCLE-1, CALICUT

reassessment made in pursuance to section 153A is not a de novo\nassessment and, therefore, it was not open to the assessee to claim and be allowed\nsuch deduction

VIMALA HARIHARAN,ERNAKULAM vs. INCOME TAX OFFICER, NON CORP WARD 1(1), COCHIN

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

Bench: Shri George George K, Vice- & Shri Inturi Rama Rao

deduction u/s.54F of the Act is allowable in respect of only one residential property. 3. Being aggrieved, an appeal was filed before the CIT(A) challenging the very validity of initiation of reassessment

AVINISSERY SERVICE CO-OPERATIVE BANK LTD NO R 689,ANAKALLU vs. INCOME TAX OFFICER WARD 2(1), THRISSUR

Bench: Shri Inturi Rama Raoand Shri Sonjoy Sarma

deduction under Chapter VI-A. The return was I.T.A. No.382/COCH/2025 Avinissery Service Co-Operative Bank Ltd accompanied by audited financials filed manually in July 2019. The Assessing Officer completed the reassessment