KINGS INFRA VENTURES LTD,THEVARA vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1 (2), KOCHI, KOCHI

In the result, the appeal by the assessee is dismissed

Bench: Shri Sanjay Arora & Shri Sandeep Gosainkings Infra Ventures Ltd. Asstt. Commissioner Of A-1, 1St Floor, Atria Apartment Income Tax, Opp. Gurudwara Temple Vs. Circle - 1(2) Perumanur Road Kochi Thevara, Kochi [Pan:Aaccv3411D] (Respondent) (Appellant) Appellant By: Shri Joseph Markose, Sr. Advocate Respondent By: Smt. J.M. Jamuna Devi, Sr. D.R.

losses carried/brought forward and set off, if and as needed.” The Tribunal vide order dated 14/7/2017 confirmed the same, holding as under: 2 | P a g e Kings Infra Ventures Ltd. v. Asst. CIT “6.3 The above factual finding of the CIT(A) that the asset in question was not kept ready for use condition and there was no passive

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

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 loss

KERALA STATE CO-OPERATIVE BANK LTD,THIRUVANANTHAPURAM vs. DCIT,CIRCLE-1(1), THIRUVANANHAPURAM

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Assessment Year : 2018-19

loss, the amount of tax calculated on the under-reported income as if it were the total income; (c) in any other case, determined in accordance with the formula— (X-Y) where, X = the amount of tax calculated on the under-reported income as increased by the total income determined under clause (a) of sub-section (1) of section

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

SMT. T.C. USHA,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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

SMT. T.C. USHA,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

set off of b/f losses it was below the taxable limit. 6.6 The Ld. AR submitted that the A.O. should have appreciated that taxation is on real income and this was the essence of the above judgment of the Supreme Court and other judgments. Though CIT(A) endorsedthis, he ignored the same and on his insistence, wt. average price chart

SRI SRAVAN KUMAR NEELA,NALGONDA vs. ACIT CENTRAL CIRCLE 1, KOZHIKODE

In the result, the instant appeals by the assesses are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Dasuma Maheshwara Rao Chinni Asst. Cit, Central Circle -1, Hno. 7-298, 7 Ward Aayakar Bhavan (North Block) Gandhi Bomma Centre Vs. Kozhikode 673001 Dachepalle, Guntur 522414 [Pan:Arjpc0342D] (Appellant) (Respondent)

set off of business loss there-against, which was restricted to, apart from regular business income, the income surrendered on account of sundry creditors, repairs to building and advances to staff, i.e., relatable to the assessee’s business, was upheld by the Tribunal and, on further appeal, by the Hon’ble High Court. The computational provisions applicable to different heads

SRI UMA MAHESHWARA RAO CHINNI,GUNTUR vs. ASST COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-1, KOZHIKODE

In the result, the instant appeals by the assesses are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Dasuma Maheshwara Rao Chinni Asst. Cit, Central Circle -1, Hno. 7-298, 7 Ward Aayakar Bhavan (North Block) Gandhi Bomma Centre Vs. Kozhikode 673001 Dachepalle, Guntur 522414 [Pan:Arjpc0342D] (Appellant) (Respondent)

set off of business loss there-against, which was restricted to, apart from regular business income, the income surrendered on account of sundry creditors, repairs to building and advances to staff, i.e., relatable to the assessee’s business, was upheld by the Tribunal and, on further appeal, by the Hon’ble High Court. The computational provisions applicable to different heads

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

set off of any loss shall be allowed to the assessee under any provision of this Act in computing his income referred to in clause (a) gland clause (b)] of sub-section (1). In the light of the above the said amount of Rs. 6,00,000/- is taxed by applying provisions of the section 115BBE. The Assessing Officer