THE TRIVANDRUM EMPLOYEES CO-OPERATIVE SOCIETY LIMITED NO. 43,THIRUVANANTHAPURAM vs. THE INCOME TAX OFFICER, THIRUVANANTHAPURAM

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

43,520/- made u/s 40(a)(ia) of the Income Tax Act in the absence of concrete finding that the provisions of said sections are attracted 6. The learned Commissioner of Income Tax (Appeals) erred in sustaining the addition of Rs. 3,50,44,001/- as unexplained income u/s 68

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

68 of the Act is justified. This ground of appeal of the assessee is rejected. 11. The next ground is with regard to addition of Rs.2,45,198/- as agricultural income as undisclosed income. 11.1 The facts are that assessee claimed Rs.2,45,198/- as agricultural income. The Assessing Officer relied on Part-IV of the Finance Act which elaborates

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

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

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

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

M/S.MUKKAM MEGA MULTIPURPOSE CO-OP SOCEITY LTD,KOZHIKKODE vs. THE ITO, KOZHIKKODE

In the result, the appeal by the assessee is allowed for statistical purposes and the stay petition is dismissed

Bench: Shri George George K. & Ms. Padmavathy S.

43,17,817 /- of total income- 2. To Waive the tax and interest of Rs 18,51,990/- 3. To admit any other grounds which may arise at the time of hearing the appeals.” 3. The assessee is a co-operative society with the main object of providing credit facilities to its members. The assessee filed the return of income

VRINDAVAN BUILDERS PVT LTD,NAGALAND vs. ACIT CENTRAL CIRCLE, KOLLAM

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

VRINDAVAN BUILDERS PVT LTD,NAGALAND vs. ACIT, CENTRAL CIRCLE, KOLLAM

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOLLAM, KOLLAM vs. VRINDAVAN BUILDERS PRIVATE LIMITED, PATHANAMTHITTA

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOLLAM, KOLLAM vs. VRINDAVAN BUILDERS PRIVATE LIMITED, PATHANAMTHITTA

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOLLAM vs. ALLEBASI BUILDERS AND DEVELOPERS (P) LTD, ATTINGAL

In the result, appeal filed by the assessee stands allowed and Revenue’s appeal and assessee’s cross objection stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 13. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 14. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOLLAM, KOLLAM vs. VRINDAVAN BUILDERS PRIVATE LIMITED, KERALA

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

VRINDAVAN BUILDERS PVT LTD,NAGALAND vs. ACIT CENTRAL CIRCLE, KOLLAM

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOLLAM, KERALA vs. VRINDAVAN BUILDERS PRIVATE LIMITED, PATHANAMTHITTA

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

VRINDAVAN BHAVAN PVT LTD,NAGALAND vs. ACIT CENTRAL CIRCLE, KOLLAM

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

VRINDAVAN BUILDERS PVT KTD,NAGALAND vs. ACIT CENTRAL CIRCLE, KOLLAM

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging

VRINDAVAN BUILDERS PVT LTD,NAGALAND vs. ACIT CENTRAL CIRCLE, KOLLAM

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging