M/s.The parakode Service Co-op Bank, Pathanamthitta V. The ITO, Kollam

CO 42/COCH/2019

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 5340 (ITAT-COCHIN)
• Duration Of Justice: 17 day(s)
• Appeal Type: Cross Objection
• Pronouncement Date: 19-08-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2014-2015
• Appeal Filed On: 02-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: A S BINDHU

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI CHANDRA POOJAR I, AM & SHRI GEORGE GEORGE K, JM CO NO. 41 /COCH/201 9 : ASST.YEAR 201 3 - 201 4 (ARISING OUT OF ITA NO.365/COCH/2019) CO NO. 42 /COCH/201 9 : ASST.YEAR 2014 - 2015 (ARISING OUT OF ITA NO.366/COCH/2019) M/S.THE PARAKODE SERVICE CO - OPERATVE BANK LIMITED PARAKODE P.O., ADOOR PATHANAMTHITTA 691 554 PAN : AAAJT1587B. VS. THE INCOME TAX OFFICER WARD 4 KOLLAM. ( CROSS OBJECTOR ) (RESPONDENT) CROSS OBJECTOR BY : --- NONE --- REVENUE BY : SMT.A.S.BINDHU, SR.DR DATE OF HEARING : 19 .08.2019 DATE OF PRONOUNCEMENT : 19 .08.2019 O R D E R PER GEORGE GEORGE K, JM THESE ARE CROSS OBJECTIONS AT THE INSTANCE OF THE ASSESSEE AND ARISE OUT OF THE CIT(A)S ORDER DATED 05.03.2019 CONCERNING ASSESSMENT YEARS 2013 - 2014 AND 2014 - 2015. 2. AT THE VERY OUTSET, WE NOTICED THAT THE REVENUE HAS FILED APPEALS AGAINST THE CIT(A)S ORDER IN GRANTING DEDUCTION U/S 80P(2) OF THE I.T.ACT. THE REVENUES APPEALS, VIZ., ITA NOS. 3 65 AND 3 66/COCH/2019 , CONCERNING ASSESSMENT YEARS 2013 - 2014 AND 2014 - 2015 WERE DISPOSED OFF VIDE ORDER OF THE TRIBUNAL DATED 09.07.2019. THESE CROSS OBJECTIONS F ILED BY THE ASSESSEE ARE ONLY SUPPORTING THE ORDER OF THE CIT(A) DATED 05.03.2019 CO NO S . 41 & 42 / COCH /201 9 . M/S. THE PARAKODE SCB LTD. 2 AND THEY WERE FILED SUBSEQUENT TO THE DISPOSAL OF THE APPEALS, I.E., ON 02.08.2019. SINCE WE HAVE ALREADY DISPOSED OFF THE APPEALS FILED BY THE REVENUE, THE CROSS OBJECTIONS WHICH ARE SUPPORTING THE CIT(A)S ORDER ARE DISMISSED AS INFRUCTUOUS. IT IS ORDERED ACCORDINGLY. 3 . IN THE RESULT, THE CROSS OBJECTIONS FILED BY THE ASSESSEE ARE DISMISSED . ORDER PRONOUNCED ON THIS 19 TH DAY OF AUGUST, 2019 . SD/ - SD/ - ( CHANDRA POOJARI ) ( GEORGE GEORGE K. ) ACCOUNTANT MEMBER JUDICIA L MEMBER COCHIN ; DATED : 19 TH AUGUST, 2019 . DEVDAS* COPY OF THE ORDER FORWARDED TO : BY ORDER, (ASSTT. REGISTRAR) ITAT, COCHIN 1. THE CROSS OBJECTOR. 2. THE RESPONDENT. 3. THE CIT (APPEALS) THIRUVANANTHAPURAM. 4. THE PR.CIT THIRUVANANTHAPURAM. 5. DR, ITAT, COCHIN 6 . GUARD FILE.