FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

36 (1)(vii) of the Act amounting to Rs 257.91 crores. The Ld.CIT(A) erred in appreciating the facts and settled legal position in this regard. The Ld. CIT (A) ought to have noted that the issue is squarely covered by the judicial decisions relied on by the appellant in this regard. 3 ITA Nos.393-399/Coch/2023. Federal Bank Limited

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

36 (1)(vii) of the Act amounting to Rs 257.91 crores. The Ld.CIT(A) erred in appreciating the facts and settled legal position in this regard. The Ld. CIT (A) ought to have noted that the issue is squarely covered by the judicial decisions relied on by the appellant in this regard. 3 ITA Nos.393-399/Coch/2023. Federal Bank Limited

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

36 (1)(vii) of the Act amounting to Rs 257.91 crores. The Ld.CIT(A) erred in appreciating the facts and settled legal position in this regard. The Ld. CIT (A) ought to have noted that the issue is squarely covered by the judicial decisions relied on by the appellant in this regard. 3 ITA Nos.393-399/Coch/2023. Federal Bank Limited

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

36 (1)(vii) of the Act amounting to Rs 257.91 crores. The Ld.CIT(A) erred in appreciating the facts and settled legal position in this regard. The Ld. CIT (A) ought to have noted that the issue is squarely covered by the judicial decisions relied on by the appellant in this regard. 3 ITA Nos.393-399/Coch/2023. Federal Bank Limited

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

36 (1)(vii) of the Act amounting to Rs 257.91 crores. The Ld.CIT(A) erred in appreciating the facts and settled legal position in this regard. The Ld. CIT (A) ought to have noted that the issue is squarely covered by the judicial decisions relied on by the appellant in this regard. 3 ITA Nos.393-399/Coch/2023. Federal Bank Limited

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

36 (1)(vii) of the Act amounting to Rs 257.91 crores. The Ld.CIT(A) erred in appreciating the facts and settled legal position in this regard. The Ld. CIT (A) ought to have noted that the issue is squarely covered by the judicial decisions relied on by the appellant in this regard. 3 ITA Nos.393-399/Coch/2023. Federal Bank Limited

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/- under Section 36(1)(iii) of the Act. The objection raised by the Assessee were disposed off by the DRP vide

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

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

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

M/S JEEVAN TELECASTING CORPN LTD,COCHIN vs. ACIT, COCHIN

In the result, ITA Nos.606 to 610/Coch/2010 are partly allowed and ITA Nos

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

36) The said principle on which the penalty under section 271C was avoided, would also not apply in the present case. In the circumstances, we are not convinced that there could be any remand, by the Tribunal, as has been made by the Honourable Supreme Court in Eli Lilly (supra). 8. ITA No.606/Coch/2010 & Ors. 8 M/s.Jeevan Telecasting Corporation

M/S JEEVAN TELECASTING CORPN LTD,COCHIN vs. ACIT, COCHIN

In the result, ITA Nos.606 to 610/Coch/2010 are partly allowed and ITA Nos

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

36) The said principle on which the penalty under section 271C was avoided, would also not apply in the present case. In the circumstances, we are not convinced that there could be any remand, by the Tribunal, as has been made by the Honourable Supreme Court in Eli Lilly (supra). 8. ITA No.606/Coch/2010 & Ors. 8 M/s.Jeevan Telecasting Corporation

M/S JEEVAN TELECASTING CORPN LTD,COCHIN vs. ACIT, COCHIN

In the result, ITA Nos.606 to 610/Coch/2010 are partly allowed and ITA Nos

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

36) The said principle on which the penalty under section 271C was avoided, would also not apply in the present case. In the circumstances, we are not convinced that there could be any remand, by the Tribunal, as has been made by the Honourable Supreme Court in Eli Lilly (supra). 8. ITA No.606/Coch/2010 & Ors. 8 M/s.Jeevan Telecasting Corporation

M/S JEEVAN TELECASTING CORPN LTD,COCHIN vs. ACIT, COCHIN

In the result, ITA Nos.606 to 610/Coch/2010 are partly allowed and ITA Nos

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

36) The said principle on which the penalty under section 271C was avoided, would also not apply in the present case. In the circumstances, we are not convinced that there could be any remand, by the Tribunal, as has been made by the Honourable Supreme Court in Eli Lilly (supra). 8. ITA No.606/Coch/2010 & Ors. 8 M/s.Jeevan Telecasting Corporation

M/S JEEVAN TELECASTING CORPN LTD,COCHIN vs. ACIT, COCHIN

In the result, ITA Nos.606 to 610/Coch/2010 are partly allowed and ITA Nos

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

36) The said principle on which the penalty under section 271C was avoided, would also not apply in the present case. In the circumstances, we are not convinced that there could be any remand, by the Tribunal, as has been made by the Honourable Supreme Court in Eli Lilly (supra). 8. ITA No.606/Coch/2010 & Ors. 8 M/s.Jeevan Telecasting Corporation

M/S JEEVAN TELECASTING CORPN LTD,COCHIN vs. ACIT, COCHIN

In the result, ITA Nos.606 to 610/Coch/2010 are partly allowed and ITA Nos

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

36) The said principle on which the penalty under section 271C was avoided, would also not apply in the present case. In the circumstances, we are not convinced that there could be any remand, by the Tribunal, as has been made by the Honourable Supreme Court in Eli Lilly (supra). 8. ITA No.606/Coch/2010 & Ors. 8 M/s.Jeevan Telecasting Corporation

M/S JEEVAN TELECASTING CORPN LTD,COCHIN vs. ACIT, COCHIN

In the result, ITA Nos.606 to 610/Coch/2010 are partly allowed and ITA Nos

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

36) The said principle on which the penalty under section 271C was avoided, would also not apply in the present case. In the circumstances, we are not convinced that there could be any remand, by the Tribunal, as has been made by the Honourable Supreme Court in Eli Lilly (supra). 8. ITA No.606/Coch/2010 & Ors. 8 M/s.Jeevan Telecasting Corporation

M/S JEEVAN TELECASTING CORPN LTD,COCHIN vs. ACIT, COCHIN

In the result, ITA Nos.606 to 610/Coch/2010 are partly allowed and ITA Nos

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

36) The said principle on which the penalty under section 271C was avoided, would also not apply in the present case. In the circumstances, we are not convinced that there could be any remand, by the Tribunal, as has been made by the Honourable Supreme Court in Eli Lilly (supra). 8. ITA No.606/Coch/2010 & Ors. 8 M/s.Jeevan Telecasting Corporation