M/S PAZHAYANGADI G GOLD,KANNUR vs. ITO WARD 1 & TPS, KANNUR

In the result, the appeal by the assessee is dismissed

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhailassessment Year : 2018-19 Pazhayangadi G Gold, Ito, Ward-1& Tps, Eazhome Pazhayangadi, Kannur Kannur-670303 Vs. Pan : Aaufp9485G (Appellant) (Respondent) For Assessee : Shri Arun Raj S. Adv. For Revenue : Shri Sanjit Kumar Das, Cit-Dr (Heard In Hybrid Bench) Date Of Hearing : 25-03-2025 Date Of Pronouncement : 27-05-2025 O R D E R

7 Provided that no penalty shall be levied in respect of income referred to in section 68, section

BHIMA JEWELLERS,SULTHAN BATHERY, WAYANAD vs. THE PR CIT, KOZHIKKODE, KOZHIKKODE

In the result, appeal of the assessee is dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.208/Coch/2018 Assessment Year : 2013-14 M/S. Bhima Jewellers, Vs. The Pr. Commissioner Of Income- 6/785 Ai, Tax, Kozhikode. Mysore Road, Chungum Junction, Sulthan Bathery, Wayanad-673 592. [Pan: Aakfb 9817C] (Assessee-Appellant) (Revenue-Respondent) Revenue By Shri Dhanaraj A. Sr. Dr Assessee By Shri R. Krishnan, Ca Date Of Hearing 05/07/2018 Date Of Pronouncement 20/08/2018

section 68. Once it was so done for the purpose of set off or any other purpose, the unexplained income could not 7

SRI UMA MAHESHWARA RAO CHINNI,GUNTUR vs. ASST COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-1, KOZHIKODE

In the result, the instant appeals by the assesses are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Dasuma Maheshwara Rao Chinni Asst. Cit, Central Circle -1, Hno. 7-298, 7 Ward Aayakar Bhavan (North Block) Gandhi Bomma Centre Vs. Kozhikode 673001 Dachepalle, Guntur 522414 [Pan:Arjpc0342D] (Appellant) (Respondent)

7 Ward Aayakar Bhavan (North Block) Gandhi Bomma Centre vs. Kozhikode 673001 Dachepalle, Guntur 522414 [PAN:ARJPC0342D] (Appellant) (Respondent) Date of Hearing: 23.01.2024 Date of Pronouncement: 15.04.2024 Sravan Kumar Neela Asst. CIT, Central Circle -1, 19-380, Reddy Colony, Aayakar Bhavan (North Block) Near Sai Teja Apartments, Kozhikode 673001 vs. Miryalaguda, Nalgonda, Telangana 508207 [PAN:CPNPK7453K] (Appellant) (Respondent) Date

SRI SRAVAN KUMAR NEELA,NALGONDA vs. ACIT CENTRAL CIRCLE 1, KOZHIKODE

In the result, the instant appeals by the assesses are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Dasuma Maheshwara Rao Chinni Asst. Cit, Central Circle -1, Hno. 7-298, 7 Ward Aayakar Bhavan (North Block) Gandhi Bomma Centre Vs. Kozhikode 673001 Dachepalle, Guntur 522414 [Pan:Arjpc0342D] (Appellant) (Respondent)

7 Ward Aayakar Bhavan (North Block) Gandhi Bomma Centre vs. Kozhikode 673001 Dachepalle, Guntur 522414 [PAN:ARJPC0342D] (Appellant) (Respondent) Date of Hearing: 23.01.2024 Date of Pronouncement: 15.04.2024 Sravan Kumar Neela Asst. CIT, Central Circle -1, 19-380, Reddy Colony, Aayakar Bhavan (North Block) Near Sai Teja Apartments, Kozhikode 673001 vs. Miryalaguda, Nalgonda, Telangana 508207 [PAN:CPNPK7453K] (Appellant) (Respondent) Date

M/S.SAHYADRI AGENCIES LTD,KANDNASSERY, THRISSUR vs. THE ITO, WD-1(3), THRISSUR

In the result, the appeal filed by the assessee is dismissed

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

68. This issue is also be examined. " Re: Appellant's submissions: I. In limited scrutiny assessment, the Assessing Officer has to restrict himself to issues raised in limited scrutiny and cannot make any additions on other issues. In this regard, reliance is placed on the decisions mentioned in Annexure A, wherein it has been held that in a case selected

SHAHUL HAMEED,MANANTHAVADY vs. ITO, WARD-2, KALPETTA

In the result, the appeal by the assessee is allowed

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

section 68. Therefore, it has to be held that, as on the relevant date of the assessment, there was no bar existed 7

SREEPATHY TRUST,THRISSUR vs. COMMISSIONER OF INCOME TAX CIRLE 1(1) , THRISSUR

In the result, both the captioned appeals are dismissed

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

Section 68 of the Act. Accordingly, the appeal in ITA No. 65/Coch/2024 stands dismissed. 7. ITA No. 66/Coch/2024 – This

SREEPATHY TRUST,THRISSUR vs. CIT, CIRCLE 1, THRISSUR

In the result, both the captioned appeals are dismissed

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

Section 68 of the Act. Accordingly, the appeal in ITA No. 65/Coch/2024 stands dismissed. 7. ITA No. 66/Coch/2024 – This

THE ITO, TRIVANDRUM vs. M/S.PERRORKADA SERVICE CO-OP BANK LTD, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

section 80P of the Act on account of addition u/s. 68 of the Act. This ground of appeals of the assessee is dismissed. 9.8 The assessee has also submitted that the assessment was not made within the time specified u/s. 153 as the assessment order was served on 03/01/2017. However there is no ground raised by the assessee relating

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

section 80P of the Act on account of addition u/s. 68 of the Act. This ground of appeals of the assessee is dismissed. 9.8 The assessee has also submitted that the assessment was not made within the time specified u/s. 153 as the assessment order was served on 03/01/2017. However there is no ground raised by the assessee relating

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

section 80P of the Act on account of addition u/s. 68 of the Act. This ground of appeals of the assessee is dismissed. 9.8 The assessee has also submitted that the assessment was not made within the time specified u/s. 153 as the assessment order was served on 03/01/2017. However there is no ground raised by the assessee relating

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

section 80P of the Act on account of addition u/s. 68 of the Act. This ground of appeals of the assessee is dismissed. 9.8 The assessee has also submitted that the assessment was not made within the time specified u/s. 153 as the assessment order was served on 03/01/2017. However there is no ground raised by the assessee relating

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

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

section 80P of the Act on account of addition u/s. 68 of the Act. This ground of appeals of the assessee is dismissed. 9.8 The assessee has also submitted that the assessment was not made within the time specified u/s. 153 as the assessment order was served on 03/01/2017. However there is no ground raised by the assessee relating

M/S. HEERA KERALA DEVELOPERS P. LTD,TRIVANDRUM vs. THE ACIT,CIR-1(1), TRIVANDRUM

In the result, the appeal filed by the assessee is allowed

Bench: Shri George George K. & Shri Laxmi Prasad Sahum/S. Heera Kerala Developers Acit - Circle 1(1) Pvt. Ltd. Thiruvananthapurm Tc 15/1553(5), Heera Park Vs. Mp Appan Road, Vazhuthacaud Thiruvananthapurm 695014 Pan – Aabch8810R Appellant Respondent

68 of the Act to the tune of Rs.71,66,000/- which has been set off from the returned loss of Rs.53,25,931/-. The order of the learned PCIT has been passed on 30.01.2019 for exercising his power under Section 263 of the Act. The CBDT has issued circular in regard to setting off of loss against deemed

SRI.THOMAS EAPEN,ALAPPUZHA vs. THE ITO, WD-5, ALAPPUZHA

In the result, the appeal of the assessee is allowed

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

7 I.T.A. No. 451/Coch/2019 section 44AD and computed the income declared by the assessee at Rs.3,37,160/- and thereafter made addition towards undisclosed profit u/s. 68

INCOMETAX OFFICER, WARD-, KOTTAYAM vs. PUTHENKUDY PAULOSE BABU, KOTTAYAM

The appeal is allowed

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

section 68 of the Act. In the appellate order, in page No. 7, para (v). the Id. CIT(A) has noted

E T DEVASSY AND SONS FINANCE PRIVATE LIMITED,THRISSUR vs. DCIT,CIRCLE 1(1)& TPS, THRISSUR

Bench: the Assessing Officer who partly agreed but disagreed finally with the same and made addition in the quantum

Section 68 of the Act without confronting the Assessee regarding the applicability of the same to the facts of the present case. 7

THE ACIT, ERNAKULAM vs. M/S. THOMSON METALS, TRICHUR

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

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

7 M/s.Thomson Metals. logic of section 68 which is to tax bogus credits in the hands of the assessee