JUBILEE MISSION HOSPITAL,THRISSUR vs. THE DCIT, THRISSUR

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned ITA Nos.88 TO 91/Coch/2022 Jubilee Mission Hospital

JUBILEE MISSION HOSPITAL ,KAKKANAD vs. THE DCIT, KOCHI

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned ITA Nos.88 TO 91/Coch/2022 Jubilee Mission Hospital

SRI.PELEXY K. VARGHESE,MUVATTUPUZHA vs. THE DCIT, COCHIN

In the result, the appeals filed by the assessee in ITA Nos

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

section 153C(1) of the Act, as inserted by the Finance Act, 2012 w.e.f. 01/07/2012, which reads as under: I.T.A. Nos.270 to 276/Coch/2016 “that the Central Government may by rules made by it and published in the official Gazette, specify the class or classes of cases in respect of such other person, in which the Assessing Officer shall

SRI.PELEXY K. VARGHESE,MUVATTUPUZHA vs. THE DCIT, COCHIN

In the result, the appeals filed by the assessee in ITA Nos

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

section 153C(1) of the Act, as inserted by the Finance Act, 2012 w.e.f. 01/07/2012, which reads as under: I.T.A. Nos.270 to 276/Coch/2016 “that the Central Government may by rules made by it and published in the official Gazette, specify the class or classes of cases in respect of such other person, in which the Assessing Officer shall

SRI.PELEXY K. VARGHESE,MUVATTUPUZHA vs. THE DCIT, ERNAKULAM

In the result, the appeals filed by the assessee in ITA Nos

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

section 153C(1) of the Act, as inserted by the Finance Act, 2012 w.e.f. 01/07/2012, which reads as under: I.T.A. Nos.270 to 276/Coch/2016 “that the Central Government may by rules made by it and published in the official Gazette, specify the class or classes of cases in respect of such other person, in which the Assessing Officer shall

SRI.PELEXY K. VARGHESE,MUVATTUPUZHA vs. THE DCIT, COCHIN

In the result, the appeals filed by the assessee in ITA Nos

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

section 153C(1) of the Act, as inserted by the Finance Act, 2012 w.e.f. 01/07/2012, which reads as under: I.T.A. Nos.270 to 276/Coch/2016 “that the Central Government may by rules made by it and published in the official Gazette, specify the class or classes of cases in respect of such other person, in which the Assessing Officer shall

M/S.SOORYA DRUG HOUSE,THODUPUZHA vs. THE ITO,WD-2, THODUPUZHA

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

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

92,135 personal use at 20%. Wrong claim of depreciation on car -- 32,253 Total 24,15,165 22,22,127 Less : Additional income offered in the 19,00,000 20,00,000 returns to cover up the above mistakes. Additions in the assessment 5,15,165 2,22,127 3. The penalty proceedings

M/S.SOORYA DRUG HOUSE,THODUPUZHA vs. THE ITO,WD-2, THODUPUZHA

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

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

92,135 personal use at 20%. Wrong claim of depreciation on car -- 32,253 Total 24,15,165 22,22,127 Less : Additional income offered in the 19,00,000 20,00,000 returns to cover up the above mistakes. Additions in the assessment 5,15,165 2,22,127 3. The penalty proceedings

REGIONALSPORTS CENTRE,COCHIN vs. THE JT CIT(OSD)(EXEMPTION), COCHIN

In the result, the appeal of the assessee is allowed for statistical purposes and that of the Revenue is dismissed

Bench: Shri P. K. Bansal & Shri George George K.Assessment Year:2006-07 Vs Regional Sports Centre, Jt. Director Of Income Tax (Osd) Elamjulam Road, Kadavanthara, (Exemptions), Range-4, Kochi. Kochi. Pan:Aaatr 8832 M (Appellant) (Respondent) Assessment Year:2006-07 Vs A.C.I.T. (Exemptions), Regional Sports Centre, Kochi. Elamjulam Road, Kadavanthara, Kochi. Pan:Aaatr 8832 M (Appellant) (Respondent)

92,431/- (including interest of Rs.9,59,431/-) being a loan amount, which has become no longer payable due to Government's decision to write off the liabilities towards Timber loan and loan from HUDCO. The assessing officer only treated the interest portion of Rs.9,59,431/- as income. As per the taxation of provision of charitable trusts

POPULAR MOTORWORLD PRIVATE LIMITED,ERNAKULAM vs. INCOME TAX OFFICER, CORPORATE WARD 2(5), KOCHI

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

reassessment proceedings were initiated on the basis of tangible material. 5. On perusal of the record it emerges that assessment under Section 143(3) of the Act was framed on the Assessee vide Assessment Order, dated 28/12/2016. Subsequently, the Assessing Officer recorded the following reasons for reopening the assessment: “(a) Subsequently on verifying the records it was found that

THARIF BUILDERS P. LTD,KOZHIKKODE vs. THEACIT, KOZHIKKODE

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

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

reassess his total income in respect of each of six assessment years preceding the assessment year relevant to previous year in I.T.A. Nos. 487-489/Coch/2019 which search is conducted. Thus, after going through the seized material as well as documents collected during the search u/s. 133A of the I.T. Act, the Assessing Officer completed the assessments

THARIF BUILDERS P. LTD,KOZHIKKODE vs. THEACIT, KOZHIKKODE

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

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

reassess his total income in respect of each of six assessment years preceding the assessment year relevant to previous year in I.T.A. Nos. 487-489/Coch/2019 which search is conducted. Thus, after going through the seized material as well as documents collected during the search u/s. 133A of the I.T. Act, the Assessing Officer completed the assessments

THARIF BUILDERS P. LTD,KOZHIKKODE vs. THEACIT, KOZHIKKODE

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

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

reassess his total income in respect of each of six assessment years preceding the assessment year relevant to previous year in I.T.A. Nos. 487-489/Coch/2019 which search is conducted. Thus, after going through the seized material as well as documents collected during the search u/s. 133A of the I.T. Act, the Assessing Officer completed the assessments

SRI.R.PRAKASH,KOLLAM vs. THE ACIT, KOLLAM

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

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

92,620 235.55 269.20 1,32,48,840 16,56,220 Company 19,87,061.360 54,02,90,715 3.2 For the assessment year 2011-12, in the case of R.Pratap, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various grades of cashew kernels to concerns owned by near relatives at values

SRI.K.RAVINDRANATHAN NAIR,KOLLAM vs. THE ACIT, KOLLAM

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

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

92,620 235.55 269.20 1,32,48,840 16,56,220 Company 19,87,061.360 54,02,90,715 3.2 For the assessment year 2011-12, in the case of R.Pratap, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various grades of cashew kernels to concerns owned by near relatives at values

SRI.R. PRATAP,KOLLAM vs. THE ACIT, KOLLAM

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

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

92,620 235.55 269.20 1,32,48,840 16,56,220 Company 19,87,061.360 54,02,90,715 3.2 For the assessment year 2011-12, in the case of R.Pratap, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various grades of cashew kernels to concerns owned by near relatives at values

M/S. VIJAYALAXMICASHEW CO.,,KOLLAM vs. THE ACIT, KOLLAM

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

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

92,620 235.55 269.20 1,32,48,840 16,56,220 Company 19,87,061.360 54,02,90,715 3.2 For the assessment year 2011-12, in the case of R.Pratap, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various grades of cashew kernels to concerns owned by near relatives at values

M/S. VIJAYALAXMICASHEW CO.,,KOLLAM vs. THE ACIT, KOLLAM

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

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

92,620 235.55 269.20 1,32,48,840 16,56,220 Company 19,87,061.360 54,02,90,715 3.2 For the assessment year 2011-12, in the case of R.Pratap, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various grades of cashew kernels to concerns owned by near relatives at values