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

revision proceedings under section 263 of the Act. Therefore the said amount of Rs. 5,28,000/- is required to be taxed u/s 115BBE r.w.s 69 of the Act. It is also to be seen that the assssee has declared Rs. 6,00,000/- as his income as a result of survey u/s 133A of the act. The assessee

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

revision proceedings under section 263 of the Act. Therefore the said amount of Rs. 5,28,000/- is required to be taxed u/s 115BBE r.w.s 69 of the Act. It is also to be seen that the assssee has declared Rs. 6,00,000/- as his income as a result of survey u/s 133A of the act. The assessee

M/S.SAHYADRI AGENCIES LTD,KANDNASSERY, THRISSUR vs. THE ITO, WD-1(3), THRISSUR

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

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

u/s. 143(2) of the I TAct, 1961 was issued on 31/0812015 and the same was duly served 011 the assessee on 09/0912015." 6 M/s.Sahyadri Agencies Limited. Re: Reason given by the PCIT in the show cause notice under section 263 of the Act for treating the assessment order under section 143(3) as erroneous and prejudicial to the interests

THE ITO, TRIVANDRUM vs. M/S.PERRORKADA SERVICE CO-OP BANK LTD, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

revision proceedings u/s. 263 of the Act directing the Assessing Officer to frame the assessment order afresh in the following manner: A. Compute profit and gains of business and profession in accordance with provisions of Chapter IV-D including verification of the following: i. ensuring that the proof and identity of persons to whom interest payable is debited is established

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

revision proceedings u/s. 263 of the Act directing the Assessing Officer to frame the assessment order afresh in the following manner: A. Compute profit and gains of business and profession in accordance with provisions of Chapter IV-D including verification of the following: i. ensuring that the proof and identity of persons to whom interest payable is debited is established

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

revision proceedings u/s. 263 of the Act directing the Assessing Officer to frame the assessment order afresh in the following manner: A. Compute profit and gains of business and profession in accordance with provisions of Chapter IV-D including verification of the following: i. ensuring that the proof and identity of persons to whom interest payable is debited is established

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

revision proceedings u/s. 263 of the Act directing the Assessing Officer to frame the assessment order afresh in the following manner: A. Compute profit and gains of business and profession in accordance with provisions of Chapter IV-D including verification of the following: i. ensuring that the proof and identity of persons to whom interest payable is debited is established

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

revision proceedings u/s. 263 of the Act directing the Assessing Officer to frame the assessment order afresh in the following manner: A. Compute profit and gains of business and profession in accordance with provisions of Chapter IV-D including verification of the following: i. ensuring that the proof and identity of persons to whom interest payable is debited is established

M/S. HEERA KERALA DEVELOPERS P. LTD,TRIVANDRUM vs. THE ACIT,CIR-1(1), TRIVANDRUM

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

Bench: Shri George George K. & Shri Laxmi Prasad Sahum/S. Heera Kerala Developers Acit - Circle 1(1) Pvt. Ltd. Thiruvananthapurm Tc 15/1553(5), Heera Park Vs. Mp Appan Road, Vazhuthacaud Thiruvananthapurm 695014 Pan – Aabch8810R Appellant Respondent

Section 115BBE of the Income Tax Act, 1961 on the addition u/s 68 of the Income Tax Act, 1961. This revision u/s 263

SUPRIYA ENTERPRISES,MANJERI, MALAPPURAM vs. THE ITO, TIRUR

Appeal is dismissed

Bench: Shri Satbeer Singh Godara & Shri Manoj Kumar Aggarwalm/S. Supriya Enterprises Principal Commissioner Of 16,263, Calicut Road Income Tax Vs. Manjeri, Malappuram 676121 Kozhikode

section 68 of the Income Tax Act 1961 as unexplained cash credit. 2. Accordingly a proposal for revision u/s 263

DCIT, KANNUR vs. M/S MANJOO & CO.,, KANNUR

Bench: S/Shri Chandra Poojari, Am & George George K., Jm Assessment Year: 2006-07

68,792/- and Rs. 51,26,296/- being difference in Creditors balances, on the ground that the AO exceeded his jurisdiction. The Learned CIT(A) failed to note that as per Para 6 of the order u/s 263, the Assessing Officer had been directed to redo the assessment and hence the issue was open before the Assessing Officer

M/S.ARMAJARO TRADING INDIA P. LTD,ERNAKULAM vs. THE ITO, KOCHI

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

Bench: Shri George George K, Jm & Shri Laxmi Prasad Sahu, Am

revision under section 263 cannot be made to substitute the views of the AO. 8. Without prejudice, the learned Pr. CIT has erred in not appreciating the fact that the share application money was received during the FY 2013-14 and FY 2014-15 from its holding company Armajaro Trading limited, UK (also known as Ecom Agrotrade Limited

SRI.C.V.JOBY,PALAKKAD vs. THE ITO, PALAKKAD

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

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

section 68 r.w.s. 115BBE of the I.T.Act, the unexplained cash credit is to be taxed at the rate of 30% without allowing any deduction for the expenditure under any other provisions of the Act. 4. The assessee’s AR appeared on 18.09.2019 and also filed a written submission. Against the proposed revision u/s 263

ARUN BOSE,IDUKKI vs. INCOME TAX OFFICER, THODUPUZHA

In the result, the appeal filed by the as stands allowed

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm Assessment Year: 2020-21 Arun Bose .......... Appellant Pulparambil House, Rajakumari Aruvilanchal P.O., Idukki 685619 [Pan: Bdppp4937G] Vs. The Income Tax Officer, Ward 1 & Tps .......... Respondent Mahima Towers, Temple Road, Thodupuzha Appellant By: Shri Mathew Joseph, Ca Respondent By: Shri Suresh Sivanandan, Cit-Dr Date Of Hearing: 04.06.2025 Date Of Pronouncement: 30.06.2025

68,510/-. Against the said 2 Arun Bose return of income, the assessment was completed by the ITO, Ward-1 & TPS, Thodupuzha (hereinafter called "the AO") vide order dated 13.09.2022 passed u/s. 143(3) r.w.s. 144B of the Income Tax Act, 1961 (the Act) at a total income of Rs. 3,59,69,688/-. Subsequently, on examination of the assessment

SMT.MEENA JOBBY,PALAKKAD vs. THE ITO, PALAKKAD

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

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

u/s 263 of the I.T.Act, reads as follow: “In computing total income, apart from bakery / food products income (Business) of Rs.6,00,000/-, the assessee had returned the following under income from Other Sources. (i) Share from Food Court Rs.25,00,000 (ii) Income from Display Rs. 5,00,000 (iii) Income from Dairy Farm Rs. 5,00,000 ---------------- Total

M/S SANTHIMADOM HERBAL CITY TRUST,ERNAKULAM vs. ACIT CENTRAL CIRCLE -2, KOCHI

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Manomohan Das, Jm

263 or section 264 or an order of the Settlement Commission under sub-section (4) of section 245D, the amount of tax on which interest was payable under sub-section (1) or sub-section (3) of this section has been increased or reduced, as the case may be, the interest shall be increased or reduced accordingly

M/S SANTHIMADOM HERBAL CITY TRUST,ERNAKULAM vs. ACIT CENTRAL CIRCLE 2, KOCHI

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Manomohan Das, Jm

263 or section 264 or an order of the Settlement Commission under sub-section (4) of section 245D, the amount of tax on which interest was payable under sub-section (1) or sub-section (3) of this section has been increased or reduced, as the case may be, the interest shall be increased or reduced accordingly

M/S PRESTIGE MARKETING DIVISION,ALUVA vs. PRINCIPAL COMMISSIONER OF INCOME TAX, KOCHI, KOCHI

In the result, the assessee’s appeal and stay petition are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Das

u/s. 68 of the Act, which reads as under: “Cash credits. 68. Where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory

INCOME TAX OFFICER, WARD 1 TPS, ALUVA, INCOME TAX OFFICE, ALUVA vs. CIJO JOSEPH, ANGAMALY

In the result, both the appeals of the revenue are dismissed

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

u/s 68 of the Act, the ld. CIT(A) found that the assessee filed submission online and the Assessing Officer did not look into the details submitted by the assessee and the Assessing Officer made the addition without backed by proper justification, therefore, the ld. CIT(A) deleted the addition of Rs.1,09,843/-. 7. Dissatisfied with the above order