SMT.JALAJA NAIR,TRIVANDRUM vs. THE ADIT(INV), TRIVANDRUM

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

short term capital gain amounting to Rs.29,22,500/- which is disputed in the Memorandum of Appeal.. 3. The CIT(A) should have found that the estimation of sale consideration at Rs.35 lakhs and the cost of acquisition at Rs.5,77,500/- were both arbitrary and unsustainable. 4. The assessing and 1st appellate authority failed to appreciate that

SMT.JALAJA NAIR,TRIVANDRUM vs. THE ADIT(INV), TRIVANDRUM

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

short term capital gain amounting to Rs.29,22,500/- which is disputed in the Memorandum of Appeal.. 3. The CIT(A) should have found that the estimation of sale consideration at Rs.35 lakhs and the cost of acquisition at Rs.5,77,500/- were both arbitrary and unsustainable. 4. The assessing and 1st appellate authority failed to appreciate that

SMT.JALAJA NAIR,TRIVANDRUM vs. THE ADIT(INV), TRIVANDRUM

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

short term capital gain amounting to Rs.29,22,500/- which is disputed in the Memorandum of Appeal.. 3. The CIT(A) should have found that the estimation of sale consideration at Rs.35 lakhs and the cost of acquisition at Rs.5,77,500/- were both arbitrary and unsustainable. 4. The assessing and 1st appellate authority failed to appreciate that

THE ACIT, ERNAKULAM vs. M/S.HOLIDAY MARKETING P. LTD, COCHIN

In the result, appeal filed by the revenue is dismissed

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S

short- term capital gain in the hands of the assessee. The AO also made the addition towards the amounts borrowed from Mr.Thampi for an amount of Rs.3,44,00,000/- as unexplained credits under section 68

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

capital gains and income from other sources, if any, in accordance with provisions of relevant chapters after making due enquiries and calling for information. C. Compute Gross Total Income being A+B above. D Determine profits from accounts eligible to be deducted under section 80P(2)(a) to (f) covering only items included in each of the sub-sections

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

capital gains and income from other sources, if any, in accordance with provisions of relevant chapters after making due enquiries and calling for information. C. Compute Gross Total Income being A+B above. D Determine profits from accounts eligible to be deducted under section 80P(2)(a) to (f) covering only items included in each of the sub-sections

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

capital gains and income from other sources, if any, in accordance with provisions of relevant chapters after making due enquiries and calling for information. C. Compute Gross Total Income being A+B above. D Determine profits from accounts eligible to be deducted under section 80P(2)(a) to (f) covering only items included in each of the sub-sections

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

capital gains and income from other sources, if any, in accordance with provisions of relevant chapters after making due enquiries and calling for information. C. Compute Gross Total Income being A+B above. D Determine profits from accounts eligible to be deducted under section 80P(2)(a) to (f) covering only items included in each of the sub-sections

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

capital gains and income from other sources, if any, in accordance with provisions of relevant chapters after making due enquiries and calling for information. C. Compute Gross Total Income being A+B above. D Determine profits from accounts eligible to be deducted under section 80P(2)(a) to (f) covering only items included in each of the sub-sections

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

term capital gain, were the sale consideration was shown at a sum of Rs.10 lakhs. This fact clearly established that Martin Jose stood consistently with the same stand during the cross examination by the assessee and the same amount of consideration of Rs. 10 lakhs was found in the computation of income and based on that assessment was completed

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

short “the Act” hereinafter. Heard both the parties at length. Case files perused. 2 ITA Nos.393-399/Coch/2023. Federal Bank Limited. 2. We come to the assessee’s “lead” appeal ITA No.393/Coch/2023 for assessment year 2011-2012, raising inter alia the following substantive grounds:- “I. a) The Ld. CIT(4)) erred in upholding the validity of re- opening of assessment

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

short “the Act” hereinafter. Heard both the parties at length. Case files perused. 2 ITA Nos.393-399/Coch/2023. Federal Bank Limited. 2. We come to the assessee’s “lead” appeal ITA No.393/Coch/2023 for assessment year 2011-2012, raising inter alia the following substantive grounds:- “I. a) The Ld. CIT(4)) erred in upholding the validity of re- opening of assessment

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

short “the Act” hereinafter. Heard both the parties at length. Case files perused. 2 ITA Nos.393-399/Coch/2023. Federal Bank Limited. 2. We come to the assessee’s “lead” appeal ITA No.393/Coch/2023 for assessment year 2011-2012, raising inter alia the following substantive grounds:- “I. a) The Ld. CIT(4)) erred in upholding the validity of re- opening of assessment

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

short “the Act” hereinafter. Heard both the parties at length. Case files perused. 2 ITA Nos.393-399/Coch/2023. Federal Bank Limited. 2. We come to the assessee’s “lead” appeal ITA No.393/Coch/2023 for assessment year 2011-2012, raising inter alia the following substantive grounds:- “I. a) The Ld. CIT(4)) erred in upholding the validity of re- opening of assessment

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

short “the Act” hereinafter. Heard both the parties at length. Case files perused. 2 ITA Nos.393-399/Coch/2023. Federal Bank Limited. 2. We come to the assessee’s “lead” appeal ITA No.393/Coch/2023 for assessment year 2011-2012, raising inter alia the following substantive grounds:- “I. a) The Ld. CIT(4)) erred in upholding the validity of re- opening of assessment

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

short “the Act” hereinafter. Heard both the parties at length. Case files perused. 2 ITA Nos.393-399/Coch/2023. Federal Bank Limited. 2. We come to the assessee’s “lead” appeal ITA No.393/Coch/2023 for assessment year 2011-2012, raising inter alia the following substantive grounds:- “I. a) The Ld. CIT(4)) erred in upholding the validity of re- opening of assessment

INFOPARKS KERALA,TRIVANDRUM vs. THE JT DIRECTOR OF IT (OSD) EXEM), COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

short], vide his separate orders of even date (30.5.2014). The appeals raising the same issues; also decided likewise, were heard together, and are being disposed per a common order for the sake of convenience. 2. The principal issue in the instant appeals is if the assessee, a society constituted under the Travancore-Cochin Literary, Scientific and Charitable Societies Registration

INFOPARKS KERALA,TRIVANDRUM vs. THE JT DIRECTOR OF IT (OSD) EXEM), COCHIN

In the result, the assessee’s appeals are partly allowed

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

short], vide his separate orders of even date (30.5.2014). The appeals raising the same issues; also decided likewise, were heard together, and are being disposed per a common order for the sake of convenience. 2. The principal issue in the instant appeals is if the assessee, a society constituted under the Travancore-Cochin Literary, Scientific and Charitable Societies Registration