ACUSIS SOFTWARE INDIA PRIVATE LIMITED,BANGALORE vs. ITO, BANGALORE

In the result, the appeal of the assessee stands partly allowed in

Bench: Shri S.K.Yadav & Shri A. K. Garodia

Section 1O A of the Act. 3.On the facts and I the circumstances of the case and in law, based on the directions of the DRP, the ld. AO has erred in law by no considering that, if the telecommunication expenses (i.e. internet and ISDN service charge) and foreign currency expenses are reduced from export turnover, an equal amount should

M/S.WATERLINE HOTELS PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, BANGALORE

In the result ITA No. 1689/Bang/2016 is allowed

Section 32 of the Act allows depreciation on actual cost of the asset, which means the actual cost to the assessee. This cost should be construed in ordinarily commercial manner. AS-1O

AL- AMEEN CHARITABLE FUND TRUST,BANGALORE vs. DY.D.I.T., BANGALORE

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Vijay Pal Rao & Shri G.Manjunathaal-Ameen Charitable Fund Trust, No.3, Miller Tank Road, Cunningham Road, Bangalore-560052. … Appellant Pan: Aaata 2729E Vs. Deputy Director Of Income-Tax(Exemptions), Circle 17(1), Bangalore. … Respondent

1O(23C) 2) The learned CIT(A) having noticed that the Appellant - Trust has been granted exemption u/s 1 0(23C)(vi) vide order dated 22.6.2009 for the period 2005-06 onwards, ought to have held the Trust is even otherwise eligible for exemption. The CIT(A) ought to have appreciated the spirit of the exemption given to the appellant

M/S TYCO ELECTRONICS SYSTEMS INDIA PRIVATE LIMITED,BANGALORE vs. DCIT, BANGALORE

In the result, the appeal being IT(TP)A No

Bench: Shri N.V.Vasudevan & Shri A.K.Garodia

1o. That the learned Assessing Officer erred in disallowing expenses accrued towards repairs and maintenance of Rs 101,200, product testing fees of Rs 200,000 and foreign travel expenses of Rs453,359 on the ground that they are unknown liabilities recognized on a provisional basis. 11. (a) That the learned Assessing Officer erred in stating that the Company