PRIME PROPERTY DEVELOPERS,THIRD FLOOR vs. ASSISTANT COMMISSIONER OF INCOME TAX, OFFICE OF THE ASSISTANT COMMISSIONER OF INCOME TAX

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

68,57,200. The assessment was completed under Section 143(3) of the Act vide order dated 23.12.2019 by the learned

SRI.GEORGE M.GEORGE,KOZHENCHERRY vs. THE ACIT, CIR-1, THIRUVALLA, THIRUVALLA

In the result, appeal filed by the assessee is dismissed

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

section 68. 2. The officers below failed to appreciate the fact that the income earned by the appellant was agriculture and will tantamount to income by overriding title. 3. The officers below failed to appreciate the fact if the appellant is not entitled to the agriculture income, the same should have been taxed in the hands

SRI.GEORGE M.GEORGE,KOZHENCHERRY, PATHANAMTHITTA vs. THE ACIT, CIR-1, THIRUVALLA, THIRUVALLA

In the result, appeal filed by the assessee is dismissed

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

section 68 of the I.T.Act. The relevant finding of the Assessing Officer reads as follows:- “6. In short, the agricultural income of the assessee for the above year is NIL and the claim is totally disallowed. Accordingly assessee’s claim of Rs.12,36,000/- from income from agriculture is brought to assessment as unexplained cash credits u/s 68

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

68 of the I.T. Act. 8. We have heard the rival submissions and perused the record. We find merit in the arguments of both the Counsels. Hence, in the interest of justice, this issue is I.T.A. Nos. 45-51/Coch/2014 & ITA Nos. 594 to 596/Coch/2018 S.P. Nos. 51-53/Coch/2018 remitted to the file of the Assessing Officer instead

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

68 of the I.T. Act. 8. We have heard the rival submissions and perused the record. We find merit in the arguments of both the Counsels. Hence, in the interest of justice, this issue is I.T.A. Nos. 45-51/Coch/2014 & ITA Nos. 594 to 596/Coch/2018 S.P. Nos. 51-53/Coch/2018 remitted to the file of the Assessing Officer instead

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

68 of the I.T. Act. 8. We have heard the rival submissions and perused the record. We find merit in the arguments of both the Counsels. Hence, in the interest of justice, this issue is I.T.A. Nos. 45-51/Coch/2014 & ITA Nos. 594 to 596/Coch/2018 S.P. Nos. 51-53/Coch/2018 remitted to the file of the Assessing Officer instead

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

68 of the I.T. Act. 8. We have heard the rival submissions and perused the record. We find merit in the arguments of both the Counsels. Hence, in the interest of justice, this issue is I.T.A. Nos. 45-51/Coch/2014 & ITA Nos. 594 to 596/Coch/2018 S.P. Nos. 51-53/Coch/2018 remitted to the file of the Assessing Officer instead

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

68 of the I.T. Act. 8. We have heard the rival submissions and perused the record. We find merit in the arguments of both the Counsels. Hence, in the interest of justice, this issue is I.T.A. Nos. 45-51/Coch/2014 & ITA Nos. 594 to 596/Coch/2018 S.P. Nos. 51-53/Coch/2018 remitted to the file of the Assessing Officer instead

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

68 of the I.T. Act. 8. We have heard the rival submissions and perused the record. We find merit in the arguments of both the Counsels. Hence, in the interest of justice, this issue is I.T.A. Nos. 45-51/Coch/2014 & ITA Nos. 594 to 596/Coch/2018 S.P. Nos. 51-53/Coch/2018 remitted to the file of the Assessing Officer instead

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

68 of the I.T. Act. 8. We have heard the rival submissions and perused the record. We find merit in the arguments of both the Counsels. Hence, in the interest of justice, this issue is I.T.A. Nos. 45-51/Coch/2014 & ITA Nos. 594 to 596/Coch/2018 S.P. Nos. 51-53/Coch/2018 remitted to the file of the Assessing Officer instead

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

68 of the I.T. Act. 8. We have heard the rival submissions and perused the record. We find merit in the arguments of both the Counsels. Hence, in the interest of justice, this issue is I.T.A. Nos. 45-51/Coch/2014 & ITA Nos. 594 to 596/Coch/2018 S.P. Nos. 51-53/Coch/2018 remitted to the file of the Assessing Officer instead

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

68 of the I.T. Act. 8. We have heard the rival submissions and perused the record. We find merit in the arguments of both the Counsels. Hence, in the interest of justice, this issue is I.T.A. Nos. 45-51/Coch/2014 & ITA Nos. 594 to 596/Coch/2018 S.P. Nos. 51-53/Coch/2018 remitted to the file of the Assessing Officer instead

NEW HIGHER SECONDARY SCHOOL ,TRIVANDRUM vs. DCIT , TRIVANDRUM

In the result, the appeals by the assessee are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Das

section 234E of the Income Tax Act, 1961 (the Act) on the processing of it’s tax returns, one each for the four quarters of fy 2014-15, u/s.200A of the Act, by the National Faceless Appeal Centre, Delhi (NFAC), vide separate orders dated 21.9.2022. The appeals raising the same issue, were heard together, and are accordingly being disposed

NEW HIGHER SECONDARY SCHOOL ,TRIVANDRUM vs. DCIT , TRIVANDRUM

In the result, the appeals by the assessee are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Das

section 234E of the Income Tax Act, 1961 (the Act) on the processing of it’s tax returns, one each for the four quarters of fy 2014-15, u/s.200A of the Act, by the National Faceless Appeal Centre, Delhi (NFAC), vide separate orders dated 21.9.2022. The appeals raising the same issue, were heard together, and are accordingly being disposed

NEW HIGHER SECONDARY SCHOOL,TRIVANDRUM vs. DCIT, TRIVANDRUM

In the result, the appeals by the assessee are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Das

section 234E of the Income Tax Act, 1961 (the Act) on the processing of it’s tax returns, one each for the four quarters of fy 2014-15, u/s.200A of the Act, by the National Faceless Appeal Centre, Delhi (NFAC), vide separate orders dated 21.9.2022. The appeals raising the same issue, were heard together, and are accordingly being disposed

NEW HIGHER SECONDARY SCHOOL,TRIVANDRUM vs. DCIT, TRIVANDRUM

In the result, the appeals by the assessee are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Das

section 234E of the Income Tax Act, 1961 (the Act) on the processing of it’s tax returns, one each for the four quarters of fy 2014-15, u/s.200A of the Act, by the National Faceless Appeal Centre, Delhi (NFAC), vide separate orders dated 21.9.2022. The appeals raising the same issue, were heard together, and are accordingly being disposed

M/S ASPINWALL & CO.,LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

68,481/-. Since assessee had huge interest bearing funds and investments were made in the mutual funds of sister concerns from where tax dividend was also earned, the I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 Assessing Officer disallowed interest amounting to Rs.18,43,500/- under section 14A r.w.r. 8D of the Income Tax Rules, 1962. 4. On appeal

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

68,481/-. Since assessee had huge interest bearing funds and investments were made in the mutual funds of sister concerns from where tax dividend was also earned, the I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 Assessing Officer disallowed interest amounting to Rs.18,43,500/- under section 14A r.w.r. 8D of the Income Tax Rules, 1962. 4. On appeal

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

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

68,481/-. Since assessee had huge interest bearing funds and investments were made in the mutual funds of sister concerns from where tax dividend was also earned, the I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 Assessing Officer disallowed interest amounting to Rs.18,43,500/- under section 14A r.w.r. 8D of the Income Tax Rules, 1962. 4. On appeal