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)

section 115BBE are only consequential in nature, which are applicable only when the income chargeable to tax is in the nature of income assessable u/s 68 to 69D. 4.9 The provisions of 115BBE taxing certain types of income @ 60% were brought on statute by Finance Act, 2017 after demonization, after introduction of prevention of Black Money (Undisclosed

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)

section 115BBE are only consequential in nature, which are applicable only when the income chargeable to tax is in the nature of income assessable u/s 68 to 69D. 4.9 The provisions of 115BBE taxing certain types of income @ 60% were brought on statute by Finance Act, 2017 after demonization, after introduction of prevention of Black Money (Undisclosed

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

undisclosed income assessed under section 68 need not be treated as an income falling totally outside the ambit of the classifications

M/S BEST BAKERY & ICE CREAM PARLOUR,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

68,69,69A,69B and 69C of the I.T. Act, 1961 in the Financial year of such investment/expenditure and identification of source of corresponding income was not required under law. According to the CIT(A), seized documents PC-I(8) & PC-I(23) read with PC-I(22) established that the assessee was having undisclosed turnover during the period relevant

M/S BEST BAKERY & ICE CREAM PARLOUR,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

68,69,69A,69B and 69C of the I.T. Act, 1961 in the Financial year of such investment/expenditure and identification of source of corresponding income was not required under law. According to the CIT(A), seized documents PC-I(8) & PC-I(23) read with PC-I(22) established that the assessee was having undisclosed turnover during the period relevant

M/S. MATHA ENTERPRISES,,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

68,69,69A,69B and 69C of the I.T. Act, 1961 in the Financial year of such investment/expenditure and identification of source of corresponding income was not required under law. According to the CIT(A), seized documents PC-I(8) & PC-I(23) read with PC-I(22) established that the assessee was having undisclosed turnover during the period relevant

DCIT, ERNAKULAM vs. MATHA ENTERPRISES, ANGAMALLY

In the result, the appeals of the assessee in ITA Nos

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

68,69,69A,69B and 69C of the I.T. Act, 1961 in the Financial year of such investment/expenditure and identification of source of corresponding income was not required under law. According to the CIT(A), seized documents PC-I(8) & PC-I(23) read with PC-I(22) established that the assessee was having undisclosed turnover during the period relevant

M/S. MATHA ENTERPRISES,,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

68,69,69A,69B and 69C of the I.T. Act, 1961 in the Financial year of such investment/expenditure and identification of source of corresponding income was not required under law. According to the CIT(A), seized documents PC-I(8) & PC-I(23) read with PC-I(22) established that the assessee was having undisclosed turnover during the period relevant

M/S BEST BAKERY & ICE CREAM PARLOUR,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

68,69,69A,69B and 69C of the I.T. Act, 1961 in the Financial year of such investment/expenditure and identification of source of corresponding income was not required under law. According to the CIT(A), seized documents PC-I(8) & PC-I(23) read with PC-I(22) established that the assessee was having undisclosed turnover during the period relevant

M/S. MATHA ENTERPRISES,,ANGAMALLY vs. ACIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

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

68,69,69A,69B and 69C of the I.T. Act, 1961 in the Financial year of such investment/expenditure and identification of source of corresponding income was not required under law. According to the CIT(A), seized documents PC-I(8) & PC-I(23) read with PC-I(22) established that the assessee was having undisclosed turnover during the period relevant

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

section 1 15BBE of the Act as the total income of the assessee includes income u/s 68 of the Act." 7.1 During the appellate proceedings, the appellant has contended the above addition strongly in its written submission. The relevant part of the written submission is reproduced as under:- "Ground No. 6: The Assessing officer ought to have note that

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

section 1 15BBE of the Act as the total income of the assessee includes income u/s 68 of the Act." 7.1 During the appellate proceedings, the appellant has contended the above addition strongly in its written submission. The relevant part of the written submission is reproduced as under:- "Ground No. 6: The Assessing officer ought to have note that

THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.E.J.SONY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

68,671/- is credited in the A/c of Farhana Sait maturity proceeds of a TDR. 9. In reply to Ld. DR’s submissions, the Ld. AR submitted as follows: 1. Advance of Rs 1 Crore to Shobhamony i) Sworn statement of Shobhamony recorded by the TRO on 29/03/2005. It was stated that she was conducting chitty business and received

THE ITO, WARD-2, THODUPUZHA, THODUPUZHA vs. SRI.MARTIN JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

68,671/- is credited in the A/c of Farhana Sait maturity proceeds of a TDR. 9. In reply to Ld. DR’s submissions, the Ld. AR submitted as follows: 1. Advance of Rs 1 Crore to Shobhamony i) Sworn statement of Shobhamony recorded by the TRO on 29/03/2005. It was stated that she was conducting chitty business and received

THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.E.M.PAUL, EDAKATTUKUDIYIL, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

68,671/- is credited in the A/c of Farhana Sait maturity proceeds of a TDR. 9. In reply to Ld. DR’s submissions, the Ld. AR submitted as follows: 1. Advance of Rs 1 Crore to Shobhamony i) Sworn statement of Shobhamony recorded by the TRO on 29/03/2005. It was stated that she was conducting chitty business and received

THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.TOMY MATHEW PARTNER OF MATHAI SONS, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

68,671/- is credited in the A/c of Farhana Sait maturity proceeds of a TDR. 9. In reply to Ld. DR’s submissions, the Ld. AR submitted as follows: 1. Advance of Rs 1 Crore to Shobhamony i) Sworn statement of Shobhamony recorded by the TRO on 29/03/2005. It was stated that she was conducting chitty business and received

SRI.ESSA ISMAIL SAIT,ERNAKULAM vs. THE ACIT,CIR-2(1),, ERNAKULAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

68,671/- is credited in the A/c of Farhana Sait maturity proceeds of a TDR. 9. In reply to Ld. DR’s submissions, the Ld. AR submitted as follows: 1. Advance of Rs 1 Crore to Shobhamony i) Sworn statement of Shobhamony recorded by the TRO on 29/03/2005. It was stated that she was conducting chitty business and received

THE ACIT, CIR-1(1), ERNAKULAM, ERNAKULAM vs. SRI.JOSE MATHEW, M/S.E.V.MTHAI & SONS, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

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

68,671/- is credited in the A/c of Farhana Sait maturity proceeds of a TDR. 9. In reply to Ld. DR’s submissions, the Ld. AR submitted as follows: 1. Advance of Rs 1 Crore to Shobhamony i) Sworn statement of Shobhamony recorded by the TRO on 29/03/2005. It was stated that she was conducting chitty business and received