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21 results for “reassessment u/s 147”+ Section 163clear

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Key Topics

Section 10A24Section 10B20Section 26315Section 143(3)14Section 14714Addition to Income14Exemption13Section 37(1)12Section 148

M/S.POPULAR FINANCE,PATHANAMTHITTA vs. THE ACIT, CIRCLE-1, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

ITA 203/COCH/2019[2014-15]Status: DisposedITAT Cochin03 Dec 2019AY 2014-15

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

Section 143(2)Section 143(3)Section 263Section 37(1)

reassessment proceedings u/s. 263 pending till the decision of the Apex Court in the cases of Shri Arun Thomas & Shri Thomas Thomas for the Assessment Year 2008-09 as per law. 4. Against this the assessees are in appeal before us with the following grounds of appeals: 1. The order of the learned Pr. Commissioner of Income Tax, Kottayam

M/S POPULAR FINANCE COMPANY,PATHANAMTHITTA vs. THE ACIT,CIR-1,, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

Showing 1–20 of 21 · Page 1 of 2

8
Deduction8
Reassessment7
Section 109A4
ITA 202/COCH/2019[2014-15]Status: DisposedITAT Cochin03 Dec 2019AY 2014-15

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

Section 143(2)Section 143(3)Section 263Section 37(1)

reassessment proceedings u/s. 263 pending till the decision of the Apex Court in the cases of Shri Arun Thomas & Shri Thomas Thomas for the Assessment Year 2008-09 as per law. 4. Against this the assessees are in appeal before us with the following grounds of appeals: 1. The order of the learned Pr. Commissioner of Income Tax, Kottayam

M/S POPULAR FINANCE COMPANY,PATHANAMTHITTA vs. THE ACIT,CIR-1,, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

ITA 204/COCH/2019[2014-15]Status: DisposedITAT Cochin03 Dec 2019AY 2014-15

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

Section 143(2)Section 143(3)Section 263Section 37(1)

reassessment proceedings u/s. 263 pending till the decision of the Apex Court in the cases of Shri Arun Thomas & Shri Thomas Thomas for the Assessment Year 2008-09 as per law. 4. Against this the assessees are in appeal before us with the following grounds of appeals: 1. The order of the learned Pr. Commissioner of Income Tax, Kottayam

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

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

ITA 161/COCH/2020[2007-08]Status: DisposedITAT Cochin24 Jul 2020AY 2007-08

Bench: Shri George George K

For Appellant: Sri.Raja Kannan, AdvocateFor Respondent: Sri.Mritunjaya Sharma, Sr.DR
Section 109ASection 10ASection 10BSection 143(3)Section 147Section 148

u/s. 147 of the Act, on part of the AO. In view of this fact and order passed by the Hon'ble Kerala High Court on the issue, in my opinion, the AO has ITA Nos.161-164/Coch/2020 4 M/s.Krythium Solutions Pvt.Ltd. correctly reopened the case u/s.147 and completed reassessment proceedings. Grounds of appeal challenging the validity of reopening the case u/s.147

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

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

ITA 163/COCH/2020[2009-10]Status: DisposedITAT Cochin24 Jul 2020AY 2009-10

Bench: Shri George George K

For Appellant: Sri.Raja Kannan, AdvocateFor Respondent: Sri.Mritunjaya Sharma, Sr.DR
Section 109ASection 10ASection 10BSection 143(3)Section 147Section 148

u/s. 147 of the Act, on part of the AO. In view of this fact and order passed by the Hon'ble Kerala High Court on the issue, in my opinion, the AO has ITA Nos.161-164/Coch/2020 4 M/s.Krythium Solutions Pvt.Ltd. correctly reopened the case u/s.147 and completed reassessment proceedings. Grounds of appeal challenging the validity of reopening the case u/s.147

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

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

ITA 162/COCH/2020[2008-09]Status: DisposedITAT Cochin24 Jul 2020AY 2008-09

Bench: Shri George George K

For Appellant: Sri.Raja Kannan, AdvocateFor Respondent: Sri.Mritunjaya Sharma, Sr.DR
Section 109ASection 10ASection 10BSection 143(3)Section 147Section 148

u/s. 147 of the Act, on part of the AO. In view of this fact and order passed by the Hon'ble Kerala High Court on the issue, in my opinion, the AO has ITA Nos.161-164/Coch/2020 4 M/s.Krythium Solutions Pvt.Ltd. correctly reopened the case u/s.147 and completed reassessment proceedings. Grounds of appeal challenging the validity of reopening the case u/s.147

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

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

ITA 164/COCH/2020[2011-12]Status: DisposedITAT Cochin24 Jul 2020AY 2011-12

Bench: Shri George George K

For Appellant: Sri.Raja Kannan, AdvocateFor Respondent: Sri.Mritunjaya Sharma, Sr.DR
Section 109ASection 10ASection 10BSection 143(3)Section 147Section 148

u/s. 147 of the Act, on part of the AO. In view of this fact and order passed by the Hon'ble Kerala High Court on the issue, in my opinion, the AO has ITA Nos.161-164/Coch/2020 4 M/s.Krythium Solutions Pvt.Ltd. correctly reopened the case u/s.147 and completed reassessment proceedings. Grounds of appeal challenging the validity of reopening the case u/s.147

DY.COMMISSIONER OF INCOME TAX, THRISSUR vs. THE CSB BANK LTD, THRISSUR

In the result, the appeal of revenue is dismissed

ITA 542/COCH/2025[2014-15]Status: DisposedITAT Cochin30 Oct 2025AY 2014-15

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

For Appellant: Shri Satish Modi, CAFor Respondent: Shri. Sanjit Kumar Das, CIT DR
Section 115Section 115JSection 144BSection 147Section 250

u/s 115 JB of the Act does not permit this as deduction. 3.4. Further this is actually provision claimed as bad debt by Vijaya Bank decision not accepted by Hon'ble Kerala high Court itself as the same issue was set aside to the Hon'ble ITAT to examine whether provision can be treated ad bad debts wrote

SMT. T.C. USHA,KOLLAM vs. THE ACIT, KOLLAM

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

ITA 45/COCH/2016[2010-11]Status: DisposedITAT Cochin03 Feb 2020AY 2010-11

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 47/COCH/2016[2008-09]Status: DisposedITAT Cochin03 Feb 2020AY 2008-09

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 46/COCH/2016[2008-09]Status: DisposedITAT Cochin03 Feb 2020AY 2008-09

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 39/COCH/2016[2010-11]Status: DisposedITAT Cochin03 Feb 2020AY 2010-11

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 38/COCH/2016[2010-11]Status: DisposedITAT Cochin03 Feb 2020AY 2010-11

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 41/COCH/2016[2009-10]Status: DisposedITAT Cochin03 Feb 2020AY 2009-10

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 42/COCH/2016[2010-11]Status: DisposedITAT Cochin03 Feb 2020AY 2010-11

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 37/COCH/2016[2009-10]Status: DisposedITAT Cochin03 Feb 2020AY 2009-10

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 43/COCH/2016[2011-12]Status: DisposedITAT Cochin03 Feb 2020AY 2011-12

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 48/COCH/2016[2010-11]Status: DisposedITAT Cochin03 Feb 2020AY 2010-11

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

SMT. T.C. USHA,KOLLAM vs. THE ACIT, KOLLAM

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

ITA 44/COCH/2016[2009-10]Status: DisposedITAT Cochin03 Feb 2020AY 2009-10

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application

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

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

ITA 40/COCH/2016[2010-11]Status: DisposedITAT Cochin03 Feb 2020AY 2010-11

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

reassessment u/s 147 r.w.s. 148 of the Act. 8.8In view of the above discussion, in our opinion, it is virtually impossible to presume that sale price remained constant throughout the year for every grade and for every kilogram so that on the basis of average closing stock price the entire sales should be above this price. Hence, the application