SRI.ANWARSADATH,ALAPPUZHA vs. THE ITO, WD-1, ALAPPUZHA

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

Bench: Shri George George K.

section 68 of the Act and is so assessed.” 4.1 Similarly, for the assessment year 2004-05, the Assessing Officer made addition of Rs.5,90,709/- on account of unexplained credits in the capital and chitty installments. The relevant finding of the Assessing Officer reads as follows: “4. As regards to the source of capital introduced during the year

SRI.ANWARSADATH,ALAPPUZHA vs. THE ITO, WD-1, ALAPPUZHA

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

Bench: Shri George George K.

section 68 of the Act and is so assessed.” 4.1 Similarly, for the assessment year 2004-05, the Assessing Officer made addition of Rs.5,90,709/- on account of unexplained credits in the capital and chitty installments. The relevant finding of the Assessing Officer reads as follows: “4. As regards to the source of capital introduced during the year

M/S.SNEHA TRUST FOR CHARITY EDUATION,PALALLAD vs. THE ACIT, PALAKKAD

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Chandra Poojari

section 68 of the I.T.Act have no application to the facts of the case if the assessee furnishes the name and address of the donors to the Assessing Officer. In the present case, the assessee has received Rs.33.80lakh in three assessment years as stated in the earlier paragraph that out of this, Rs.11.90 lakh was relating to assessment year

SMT.K.B.SONY,COCHIN vs. THE DCIT, COCHIN

In the result, i) The appeal of the assessee in ITA No

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

20 cents of land in Alangad village purchased from Shri K.R. Ramesh Kumar vide Document No. 1552/07 dated 3/3/2007 shows sale consideration of Rs.80,000/-. Thus the total registered value of both the properties is Rs.3,10,000/-. Further in the sworn statement recorded u/s. 131 of the Act from Shri K.R. Ramesh Kumar, it was stated that the assessee

THE ACIT, KOLLAM vs. M/S.SABARI MILLENIUM IMPEX P. LTD, KOCHI

In the result, the appeals filed by the Revenue and cross objections filed by the assessee are dismissed

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

section 68 a bit too far in this case. In this case a search took place at the premises of Shri Sunil Kumar, the Managing Director of the appellant company, but no evidence regarding round tripping was found. The creditors are identifiable and they are admittedly income ITA Nos.492-493/Coch/2018 & Ors. 16 CO Nos.85-86/Coch/2018 & Ors. M/s.Sabari Swtich Gear

THE ACIT, KOLLAM vs. M/S.SABARI SWITCH GEAR (P) LTD, CHENNAI

In the result, the appeals filed by the Revenue and cross objections filed by the assessee are dismissed

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

section 68 a bit too far in this case. In this case a search took place at the premises of Shri Sunil Kumar, the Managing Director of the appellant company, but no evidence regarding round tripping was found. The creditors are identifiable and they are admittedly income ITA Nos.492-493/Coch/2018 & Ors. 16 CO Nos.85-86/Coch/2018 & Ors. M/s.Sabari Swtich Gear

THE ACIT, KOLLAM vs. M/S.SABARI MILLENIUM IMPEX P. LTD, KOCHI

In the result, the appeals filed by the Revenue and cross objections filed by the assessee are dismissed

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

section 68 a bit too far in this case. In this case a search took place at the premises of Shri Sunil Kumar, the Managing Director of the appellant company, but no evidence regarding round tripping was found. The creditors are identifiable and they are admittedly income ITA Nos.492-493/Coch/2018 & Ors. 16 CO Nos.85-86/Coch/2018 & Ors. M/s.Sabari Swtich Gear

THE ACIT, KOLLAM vs. M/S.SABARI SWITCH GEAR (P) LTD, CHENNAI

In the result, the appeals filed by the Revenue and cross objections filed by the assessee are dismissed

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

section 68 a bit too far in this case. In this case a search took place at the premises of Shri Sunil Kumar, the Managing Director of the appellant company, but no evidence regarding round tripping was found. The creditors are identifiable and they are admittedly income ITA Nos.492-493/Coch/2018 & Ors. 16 CO Nos.85-86/Coch/2018 & Ors. M/s.Sabari Swtich Gear

SMT.ASHA MENON( ASHA SUNIL),COCHIN vs. THE ACIT(CEN,CIRCLE, ERNAKULAM

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

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

20,59,220/- was returned by the Petitioner pursuant to return under Section 153A of the IT Act as against the peak of Rs. 5,36,195.99/-. The confirmation of the assessment of an income of Rs. 5,80,87,680/- is bad as the entire transactions on the basis of the bank statements have been explained j) Because

SMT.ASHA MENON( ASHA SUNIL),COCHIN vs. THE DCIT, ERNAKULAM

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

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

20,59,220/- was returned by the Petitioner pursuant to return under Section 153A of the IT Act as against the peak of Rs. 5,36,195.99/-. The confirmation of the assessment of an income of Rs. 5,80,87,680/- is bad as the entire transactions on the basis of the bank statements have been explained j) Because

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

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

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

20,59,220/- was returned by the Petitioner pursuant to return under Section 153A of the IT Act as against the peak of Rs. 5,36,195.99/-. The confirmation of the assessment of an income of Rs. 5,80,87,680/- is bad as the entire transactions on the basis of the bank statements have been explained j) Because

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

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

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

20,59,220/- was returned by the Petitioner pursuant to return under Section 153A of the IT Act as against the peak of Rs. 5,36,195.99/-. The confirmation of the assessment of an income of Rs. 5,80,87,680/- is bad as the entire transactions on the basis of the bank statements have been explained j) Because

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

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

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

20,59,220/- was returned by the Petitioner pursuant to return under Section 153A of the IT Act as against the peak of Rs. 5,36,195.99/-. The confirmation of the assessment of an income of Rs. 5,80,87,680/- is bad as the entire transactions on the basis of the bank statements have been explained j) Because

SMT.ASHA MENON( ASHA SUNIL),COCHIN vs. THE ACIT(CEN,CIRCLE, ERNAKULAM

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

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

20,59,220/- was returned by the Petitioner pursuant to return under Section 153A of the IT Act as against the peak of Rs. 5,36,195.99/-. The confirmation of the assessment of an income of Rs. 5,80,87,680/- is bad as the entire transactions on the basis of the bank statements have been explained j) Because

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

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

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

20,59,220/- was returned by the Petitioner pursuant to return under Section 153A of the IT Act as against the peak of Rs. 5,36,195.99/-. The confirmation of the assessment of an income of Rs. 5,80,87,680/- is bad as the entire transactions on the basis of the bank statements have been explained j) Because

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

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

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

20,59,220/- was returned by the Petitioner pursuant to return under Section 153A of the IT Act as against the peak of Rs. 5,36,195.99/-. The confirmation of the assessment of an income of Rs. 5,80,87,680/- is bad as the entire transactions on the basis of the bank statements have been explained j) Because

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

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

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

20,59,220/- was returned by the Petitioner pursuant to return under Section 153A of the IT Act as against the peak of Rs. 5,36,195.99/-. The confirmation of the assessment of an income of Rs. 5,80,87,680/- is bad as the entire transactions on the basis of the bank statements have been explained j) Because

M/S.IBS SOFTWARE SERVICES P. LTD,TRIVANDRUM vs. THE DCIT, TRIVANDRUM

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

68,911/- The Assessee has now preferred the present appeal challenging Final Assessment Order. The Assessee has raised 17 Grounds of Appeal which are taken up in seriatim hereinafter. Ground No.1 3. Ground No.1 raised by the Assessee reads as under: “1. That the order of the learned Assistant Commissioner of Income-tax, Circle 1(1), Thiruvananthapuram (Assessing Officer

M/S.KOTTAKKAL WOOD COMPLEX,KOTTAKKAL vs. THE ITO, TIRUR

In the result, the appeals of the assessee are allowed and the Stay Petitions

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

68 to 74/Coch/2019 income as undisclosed business income. Penalty proceedings u/s 271 (l)(c) is initiated for concealment of income," 9. During the course of hearing, the learned for the appellant produced before us order No.TRL-08/06-07 dated 08,08.2007, whereby the penalty proceedings under Section 67 of the Act were compounded by the assessee on payment