DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE vs. M/S YAHOO SOFTWARE DEVELOPMENT PVT LTD , BANGALORE

Bench: Shri N.V.Vasudevan, Vice- & Shri Chandra Poojari

TDS on rent payment. However, the Assessing Officer has not considered the enhanced income for granting deduction u/s 10A of the Act. The CIT(A) granted the deduction by placing reliance on the judgment of the Hon’ble Bombay High Court in the case of CIT v. Gem Plus Jewelery India Ltd. [(2010) 330 ITR 175 (Bom.)]. 7. After hearing

M/S. NSL SUGARS LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME - TAX, CIRCLE - 5(1)(1), BANGALORE

In the result appeal filed by revenue stands dismissed

Bench: Shri B.R.Baskaran & Smt.Beena Pillai, Judical Member

115J falling under Chapter-XII-B of the Act. ITA Nos.597, 598 & 772(B)/2019 3 6. The assessee relied on the decision of the Delhi High Court (HC) in the case of Bhushan Steel Ltd., wherein it was held that disallowance under section 14A read with section 8D made by the ITO cannot be added while computing book profit

M/S HARMAN CONNECTED SERVICES CORPORATION INDIA PVT. LTD.,),BANGALORE vs. PR. CIT - 3, BANGALORE

In the result, the assessee’s appeal for assessment year 2010-11 is allowed

Bench: Shri Jason P Boaz & Shri Laliet Kumarassessment Year : 2010-11 M/S. Harman Connected Services Vs. Principal Commissioner Of Corporation India Private Limited, Income-Tax, [Formerly Known As Symphony Bangalore - 3. Teleca Corporation India Private Limited) No.3 & 3A, Eoiz Industrial Area, Survey No. 85 & 86, Sadarmangla Village, Krishnarajapuram Hobli, Bangalore – 560 066. Pan : Aabcg 5658 E Appellant Respondent Assessee By : Shri. K. R. Vasudevan, Advocate : Revenue By Shri. C. H. Sundar Rao, Cit-I Date Of Hearing : 04.10.2018 Date Of Pronouncement : .12.2018 O R D E R

TDS 5.7.1 According to the learned AR, the CIT had erroneously held that the payments made for purchase of software is in the nature of royalty and hence tax is liable to be deducted at source thereon. It was also submitted that the assessee had filed an application before the Authority for Advance Ruling (AAR) on the issue of applicability

SRI CHAMUNDESWARI SUGARS LIMITED ,BANGALORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX, BANGALORE-1, BANGALORE

In the result, the appeal is allowed in favour of the assessee

Bench: Shri N.V. Vasudevan, Vice Preseident & Shri Padmavathy Sassessment Year : 2017-18

TDS done by BMRCL was furnished. The AO has verified these details and has passed the assessment order making a disallowance u/s. 14A of the Act r.w. Rule 8D. Though there is no mention specifically on the verification of capital gains by the AO, the same cannot be a reason for coming to the conclusion that