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ITAT Cochin

INR 25 Lakh Cash Contribution by Directors Treated as Unexplained: ITAT Sets Aside CIT(A) Order, Directs Fresh Hearing [Read Order]

Sneha Sukumaran Mullakkal

The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner of Income Tax (Appeals)[CIT(A)] order and directed a fresh...

Section 269SS intended to curb Black Money, does not extend to Genuine Final Consideration: ITAT...

Chit Fund Company's Appeal Dismissed: ITAT Upholds 90% Disallowance for Lack of Evidence on...

Not Business Income, But Still Deductible; ITAT Sides with Kerala Co-op Bank, Quashes Tax Demand...

KSEB is "State": ITAT Rules Cash Payments to Govt. utilities Fall u/s 40A(3) Exception, Deletes...

ITAT Rebukes CIT(A) for "Lazy" Dismissal, Orders Fresh Hearing on Demonetization Cash Deposits [rEad Order]

In a sharp critique of appellate procedure, the Income Tax Appellate Tribunal (ITAT), Cochin Bench has set aside an order that dismissed a taxpayer’s appeal without examining the merits of a...

‘Act of God’ Beats ‘Act of Law’: ITAT Cites Kerala Floods as Valid Reason for Belated ITR, Kozhikode Co-op Society Wins 80P Deduction [Read Order]

In a ruling that prioritizes empathy over rigid procedural compliance, the Income Tax Appellate Tribunal ( ITAT ), Cochin Bench has allowed a co-operative society to claim an important tax deduction...

Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]

The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Asianet Satellite Communications Ltd., allowing deduction of interest on delayed statutory payments, including Tax ...

Search Assessments Valid as Approved by JCIT: ITAT says Additions were made Based on Incriminating Materials [Read Order]

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the search assessments search assessments framed under section 153A of the Income Tax Act, 1961 and dismissed the assessee’s...

Setback for South Indian Bank: ITAT Rules AO Cannot Exceed Scope of S.263 Revision While Passing Consequential Assessment Order [Read Order]

The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by South Indian Bank Ltd., holding that the Assessing Officer (AO) cannot go beyond the scope of the revision ...

Genuine Delay in Producing 70 Year Old Trust Deed: ITAT quashes Rejection of S.12A & 80G Claims [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin Bench, has set aside the rejection of applications under sections 12A and 80G of the Income Tax Act, 1961, citing that the default was procedural and...

Kerala Co-op Bank Secures Tax Win: ITAT allows ₹16.5 Lakh Deduction u/s 80P [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin bench, has ruled in favor of the appellant a Co-operative Bank, allowing a deduction of ₹16.48 lakh under Section 80P of the Income Tax Act, 1961....