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

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

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

10A or section 10AA or section 10B or section 10BA or under any provision of this Chapter under the Head ‘C- Deductions in respect of certain income’, no deduction shall be allowed to them. Further, the provisions of section 80AC deal with deductions not to be allowed unless return of income is furnished and as per the said provisions

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

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

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

10A or section 10AA or section 10B or section 10BA or under any provision of this Chapter under the Head ‘C- Deductions in respect of certain income’, no deduction shall be allowed to them. Further, the provisions of section 80AC deal with deductions not to be allowed unless return of income is furnished and as per the said provisions

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

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

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

10A or section 10AA or section 10B or section 10BA or under any provision of this Chapter under the Head ‘C- Deductions in respect of certain income’, no deduction shall be allowed to them. Further, the provisions of section 80AC deal with deductions not to be allowed unless return of income is furnished and as per the said provisions

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

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

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

10A or section 10AA or section 10B or section 10BA or under any provision of this Chapter under the Head ‘C- Deductions in respect of certain income’, no deduction shall be allowed to them. Further, the provisions of section 80AC deal with deductions not to be allowed unless return of income is furnished and as per the said provisions

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

section 147 of the ITA No.247/Coch/2017. 9 M/s.US Technology International P.Ltd. IT Act. Therefore, the assessment for the AY 2009-10 is reopened u/s 147 of the IT Act.” 5.2 The reopening of assessment u/s 143(3) r.w.s. 147 of the IT Act was completed vide order dated 17.03.2015. In the reassessment completed, the exemption claimed u/s 10B / 10A

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

10A\nor section 10AA or section 10B or section 10BA or under any provision of this\nChapter under the Head ‘C- Deductions in respect of certain income', no deduction\nshall be allowed to them. Further, the provisions of section 80AC deal with\ndeductions not to be allowed unless return of income is furnished and as per the said\nprovisions

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 for assessment years 2007-2008 to 2009-2010 had filed revised returns and furnished Form No.56F for claiming deduction u/s 10A of the I.T.Act. Similarly, for assessment year 2011-2012, the claim u/s 10A of the I.T.Act was made before the first appellate authority and Form No.56F was submitted. The CIT(A) concluded that he cannot entertain

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 for assessment years 2007-2008 to 2009-2010 had filed revised returns and furnished Form No.56F for claiming deduction u/s 10A of the I.T.Act. Similarly, for assessment year 2011-2012, the claim u/s 10A of the I.T.Act was made before the first appellate authority and Form No.56F was submitted. The CIT(A) concluded that he cannot entertain

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 for assessment years 2007-2008 to 2009-2010 had filed revised returns and furnished Form No.56F for claiming deduction u/s 10A of the I.T.Act. Similarly, for assessment year 2011-2012, the claim u/s 10A of the I.T.Act was made before the first appellate authority and Form No.56F was submitted. The CIT(A) concluded that he cannot entertain

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 for assessment years 2007-2008 to 2009-2010 had filed revised returns and furnished Form No.56F for claiming deduction u/s 10A of the I.T.Act. Similarly, for assessment year 2011-2012, the claim u/s 10A of the I.T.Act was made before the first appellate authority and Form No.56F was submitted. The CIT(A) concluded that he cannot entertain

M/S.AKAY FLAVOURS & AROMATICS P. LTD,ERNAKULAM vs. THE ACIT, ERNAKULAM

In the result, the appeal filed by the assesseee is allowed as indicated

Bench: S/Shri Chandra Poojari, Am & George George K., Jm Assessment Year : 2004-05

section 10B of the I.T. Act amounting to Rs. 1,04,78,854/-. The assessment u/s. 143 r.w.s. 147 was completed vide order dated 27/12/2007. In the reassessment completed, deduction claimed by the assessee u/s. 10B of the Act was reduced to ‘Nil’ . The Assessing Officer recomputed the deduction u/s. 10B of the Act after setting off carry forward business

DCIT, KOLLAM vs. M/S BABY MARINE INTERNATIONAL, KOLLAM

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

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

section, which is explained by the Board in the Circular no.387 dated 06.07.1984: "17.2. A proper audit for tax purposes would ensure that the books of accounts and other records are properly maintained, that they faithfully reflect the income of the tax payer and claims for deduction are correctly made by him. Such audit would also help in checking fraudulent