M/S. KINFRA EXPORT PROMOTION INDUSTRIAL PARKS LTD., vs. THE JOINT COMMISSIONER OF INCOME TAX (OSD)

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI

260A of the Income Tax Act (for short, ‘the Act’). The details of assessment order etc. are stated as follows: Sl. No. Assessment Year and Date of Assessment order Order of Commissioner of Income Tax (Appeals) Order of Income Tax Appellate Tribunal ITA No. 1 2008-2009; dtd 15.12.2010 Appeal No. ITA 97/R-1/E/CIT- (A)II/2010-11; dtd 30.03.2014 I.TA. No.354/Coch/2014

BHIMA JEWELLERS vs. COMMISSIONER OF INCOME TAX,

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI

depreciation. On the basis of this judgment unexplained cash credit of Rs.1,86,00,000/- is not eligible for set off of business loss of Rs.1,76,24,221/-.” ITA No.15 of 2021 -6- 5. The assessee replied briefly that the unexplained credit into the capital account has been treated as deemed income under Section 68 of the Income

M/S. KUNNEL ENGINEERS AND CONTRACTORS (P) LTD vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

Appeals are allowed and remanded with the observations as

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI

260A of the Act. 5. The following substantial questions of law are raised for consideration: 1) Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in confirming the disallowance of service tax payable under Section 43B, particularly when the same was not charged to the Profit and Loss Account or claimed

THE COMMISSIONER OF INCOME TAX vs. KITEX GARMENTS LTD., KIZHAKKAMBALAM

The appeal stands dismissed accordingly

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

260A of the Income Tax Act (for short 'the Act'). The following substantial questions of law are raised by the Revenue: “1. Whether, on the facts and in the circumstances of the case and also in the light of the principle laid down by the supreme Court in IPCA (266 ITR 521) read with Section 80AB while computing book profit

M/S.APOLLO TYRES LTD. vs. THE DEPUTY COMMISSIONER OF INCOME TAX

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

section 260A of the Act. 6. We heard Senior Advocate Joseph Markose instructed by Adv. Sharad Joseph Kodianthara, on behalf of the I.T.A. No.272/13 -:6:- assessee and the Adv. Jose Joseph, learned Standing Counsel for the Department. 7. Appellant had entered into the foreign exchange forward contract with Citi Bank in January 2006. The purpose for which the loan

THE COMMISSONER OF INCOME TAX vs. P T L ENTERPRISES LTD.

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

260A of the Income Tax Act, 1961 (for short 'the Act'). It is relevant to note at the outset that the Commissioner of Income Tax, Cochin through order dt. 15.3.2007 made order under Section 263 of the Act, directed the Assessing Officer (AO) to re-do assessee's assessment, after considering the applicability of Section 115JA and levy

THECOMMISSIONER OF INCOME TAX,TRICHUR vs. CATHOLIC SYRIAN BANK LTD.,TRICHUR

Appeal stands dismissed

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

260A of the Income Tax Act (for short 'the Act'). The following substantial questions of law are raised by the revenue: “1. Whether, on the facts and in the circumstances of the case, and also in the light of the relevant provisions especially proviso to Section 36(1)(vii) cannot be the claim of the assessee for bad debts

THE COMMISSIONER OF INCOME TAX, TRICHUR vs. THE DHANALAKSHMI BANK LTD.,

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

Section 260A of the Act. The Revenue raises the following substantial questions of law in the appeal: I.T.A. No. 772/2009 -4- “1. Whether, on the facts and in the circumstances of the case. the Tribunal is right in law: (a) In interfering with the disallowance of depreciation

THE COMMISSIONER OF INCOME TAX,TRICHUR vs. THE SOUTH INDIAN BANK LTD.,TRICHUR.

Appeal stands dismissed

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

Section 260A of the Income Tax Act (for short 'the Act'). The following substantial questions of law are raised by the revenue: “1. Whether, on the facts and in the circumstances of the case and in the light of the decision in British Paints (188 ITR 44) should not the Tribunal have sustained the disallowance of depreciation

M/S.ESCAPADE RESORTS PVT.LTD. vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

The appeal is allowed in part as indicated above

Bench: The Commissioner Of Income Tax (Appeals)-Ii (For Short, ‘Cit(Appeals)’) & Through Annexure-C Order Dated 02.12.2013, The Appeal Was Allowed In Part. The Assessee Carried The Matter In Appeal Before The Income Tax Appellate Tribunal (For Short, 'The Tribunal') & Through The Order Impugned In The Appeal

Section 260A of the Income Tax Act (for short, ‘the Act’). 3. Heard learned Senior Advocates Mr.Joseph Markose and Mr. P.K.R Menon for parties. 4. The dispute in the appeal is with reference to the expenses incurred by the assessee towards repairs, refurbishing, and the establishment of plant and machinery at one of the resorts under the management

M/S.APOLLO TYRES LTD. vs. THE DEPUTY COMMISSIONER OF INCOME TAX

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

Section 260A of the Act. Hence the question is answered in favour of the Revenue and against the assessee. 8. Next question deals with expenditure incurred on account of payments towards club membership and service charges amounting to Rs.1,48,212/- by the assessee. The extent I.T.A. No.26/2013 -13- to which the expenses can be claimed by the assessee

PTL ENTERPRISES LTD. vs. THE DEPUTY COMMISSONER OF INCOME TX

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

260A of the Income Tax Act, 1961 ('the Act' for brevity). I.T.A. No.193/12 & Conn. Cases -:13:- 8. We heard Senior Advocate Joseph Markose instructed by Adv. Abraham Markos for the assessee and Adv.Jose Joseph, the learned Senior Standing Counsel for the Income Tax Department. 9. It is relevant to mention that for the assessment years 1995- 96 till

PTL ENTERPRISES LTD. vs. THE DEPUTY COMMISSIONER OF INCOME TAX

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

260A of the Income Tax Act, 1961 ('the Act' for brevity). I.T.A. No.193/12 & Conn. Cases -:13:- 8. We heard Senior Advocate Joseph Markose instructed by Adv. Abraham Markos for the assessee and Adv.Jose Joseph, the learned Senior Standing Counsel for the Income Tax Department. 9. It is relevant to mention that for the assessment years 1995- 96 till

M/S.PTL ENTERPRISES LTD. vs. THE DEPUTY COMMISSIONER OF INCOME-TAX

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

260A of the Income Tax Act, 1961 ('the Act' for brevity). I.T.A. No.193/12 & Conn. Cases -:13:- 8. We heard Senior Advocate Joseph Markose instructed by Adv. Abraham Markos for the assessee and Adv.Jose Joseph, the learned Senior Standing Counsel for the Income Tax Department. 9. It is relevant to mention that for the assessment years 1995- 96 till

M/S.PTL ENTERPRISES LTD. (FORMERLY PREMIER TYRES LTD) vs. THE ASSISTNAT COMMISSIONER OF INCOME TAX, CIRCLE-2(1),RANGE-2, ERNAKULAM

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

260A of the Income Tax Act, 1961 ('the Act' for brevity). I.T.A. No.193/12 & Conn. Cases -:13:- 8. We heard Senior Advocate Joseph Markose instructed by Adv. Abraham Markos for the assessee and Adv.Jose Joseph, the learned Senior Standing Counsel for the Income Tax Department. 9. It is relevant to mention that for the assessment years 1995- 96 till

M/S PTL ENTERPRISES LTD., vs. THE DEPUTY COMMISSIONER OF INCOME-TAX,

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

260A of the Income Tax Act, 1961 ('the Act' for brevity). I.T.A. No.193/12 & Conn. Cases -:13:- 8. We heard Senior Advocate Joseph Markose instructed by Adv. Abraham Markos for the assessee and Adv.Jose Joseph, the learned Senior Standing Counsel for the Income Tax Department. 9. It is relevant to mention that for the assessment years 1995- 96 till

PTL ENTERPRISES LTD. vs. THE DEPUTY COMMISSIONER OF INCOME-TAX

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

260A of the Income Tax Act, 1961 ('the Act' for brevity). I.T.A. No.193/12 & Conn. Cases -:13:- 8. We heard Senior Advocate Joseph Markose instructed by Adv. Abraham Markos for the assessee and Adv.Jose Joseph, the learned Senior Standing Counsel for the Income Tax Department. 9. It is relevant to mention that for the assessment years 1995- 96 till