JUBILEE MISSION HOSPITAL,THRISSUR vs. THE DCIT, THRISSUR

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

section(1) is clearly the restriction of 25% of the accumulated income (or Rs 10,000/-, whichever is higher) being exempt. If more than 25% (or Rs.10,000), is tobe exempted then the assessee has to comply with the conditions prescribed u/s 11(2).” v. CIT & Another vs ALN Rao Charitable Trust 216 ITR 697: ITA Nos.88 TO 91/Coch/2022

JUBILEE MISSION HOSPITAL ,KAKKANAD vs. THE DCIT, KOCHI

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

section(1) is clearly the restriction of 25% of the accumulated income (or Rs 10,000/-, whichever is higher) being exempt. If more than 25% (or Rs.10,000), is tobe exempted then the assessee has to comply with the conditions prescribed u/s 11(2).” v. CIT & Another vs ALN Rao Charitable Trust 216 ITR 697: ITA Nos.88 TO 91/Coch/2022

JUBILEE MISSION HOSPITAL.,THRISSUR vs. THE DCIT, KOCHI

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

section(1) is clearly the restriction of 25% of the accumulated income (or Rs 10,000/-, whichever is higher) being exempt. If more than 25% (or Rs.10,000), is tobe exempted then the assessee has to comply with the conditions prescribed u/s 11(2).” v. CIT & Another vs ALN Rao Charitable Trust 216 ITR 697: ITA Nos.88 TO 91/Coch/2022

JUBILEE MISSION HOSPITAL,THRISSUR vs. THE DCIT, KOCHI

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

section(1) is clearly the restriction of 25% of the accumulated income (or Rs 10,000/-, whichever is higher) being exempt. If more than 25% (or Rs.10,000), is tobe exempted then the assessee has to comply with the conditions prescribed u/s 11(2).” v. CIT & Another vs ALN Rao Charitable Trust 216 ITR 697: ITA Nos.88 TO 91/Coch/2022

THE TRIVANDRUM EMPLOYEES CO-OPERATIVE SOCIETY LIMITED NO. 43,TRIVANDRUM vs. THE ADDITIONAL JOINT DEPUTY ASSISTANT COMMISSIONER OF INCOME TAX, KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

68, to be taxed as per provision of section 115BBE of the Income TaxAct, 1961 deserves to be upheld. Accordingly, the grounds no. 6 & 7 of the appeal are dismissed and not allowed.” 5. Suffice to say, the assessee’s case all along is that the source of these funds forming subject matter of sec.68 addition was duly explained

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

68, to be taxed as per provision of section 115BBE of the Income TaxAct, 1961 deserves to be upheld. Accordingly, the grounds no. 6 & 7 of the appeal are dismissed and not allowed.” 5. Suffice to say, the assessee’s case all along is that the source of these funds forming subject matter of sec.68 addition was duly explained

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

5 lakhs to his mother as gift for the purchase of 3.5 cents of land at Keerthi Nagar from Shri K.V. Sohan for Rs.15,00,000/- and was reflected in his drawings. the drawings. The Ld. AR submitted that the assessee had produced a copy of the assessment order of K.V. Sohan for the assessment year 2011-12 dated 20/11/2013

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

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

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

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

43,510 Less: Deposit into bank account as per cash flow Rs. 8,76,500 Rs.31,67,010 Add: Foreign Travel Rs. 5,00,000 Total unexplained investment Rs.36,67,010 2. The CIT(A) has gone wrong in omitting to consider the statement of cash flow prepared from the bank accounts, the details of bank transaction, net wealth statement

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

43,510 Less: Deposit into bank account as per cash flow Rs. 8,76,500 Rs.31,67,010 Add: Foreign Travel Rs. 5,00,000 Total unexplained investment Rs.36,67,010 2. The CIT(A) has gone wrong in omitting to consider the statement of cash flow prepared from the bank accounts, the details of bank transaction, net wealth statement

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

43,510 Less: Deposit into bank account as per cash flow Rs. 8,76,500 Rs.31,67,010 Add: Foreign Travel Rs. 5,00,000 Total unexplained investment Rs.36,67,010 2. The CIT(A) has gone wrong in omitting to consider the statement of cash flow prepared from the bank accounts, the details of bank transaction, net wealth statement

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

43,510 Less: Deposit into bank account as per cash flow Rs. 8,76,500 Rs.31,67,010 Add: Foreign Travel Rs. 5,00,000 Total unexplained investment Rs.36,67,010 2. The CIT(A) has gone wrong in omitting to consider the statement of cash flow prepared from the bank accounts, the details of bank transaction, net wealth statement

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

43,510 Less: Deposit into bank account as per cash flow Rs. 8,76,500 Rs.31,67,010 Add: Foreign Travel Rs. 5,00,000 Total unexplained investment Rs.36,67,010 2. The CIT(A) has gone wrong in omitting to consider the statement of cash flow prepared from the bank accounts, the details of bank transaction, net wealth statement

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

43,510 Less: Deposit into bank account as per cash flow Rs. 8,76,500 Rs.31,67,010 Add: Foreign Travel Rs. 5,00,000 Total unexplained investment Rs.36,67,010 2. The CIT(A) has gone wrong in omitting to consider the statement of cash flow prepared from the bank accounts, the details of bank transaction, net wealth statement