DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

10. We have heard both the parties and perused the material on record. The main contention of the ld.D.R is that deduction u/s.80- IA(4) could be allowed only in the case when the assessee entered into contract with the Ennore Port Trust, but not with TNEB. TNEB is only a customer of Ennore Port Trust, who does

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

10. We have heard both the parties and perused the material on record. The main contention of the ld.D.R is that deduction u/s.80- IA(4) could be allowed only in the case when the assessee entered into contract with the Ennore Port Trust, but not with TNEB. TNEB is only a customer of Ennore Port Trust, who does

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

10. We have heard both the parties and perused the material on record. The main contention of the ld.D.R is that deduction u/s.80- IA(4) could be allowed only in the case when the assessee entered into contract with the Ennore Port Trust, but not with TNEB. TNEB is only a customer of Ennore Port Trust, who does

ACIT, CHENNAI vs. M.M.FORGINGS LTD., CHENNAI

In the result, the appeal of the Revenue in ITA

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. No.2679/Mds/2014 ("नधा"रण वष" / Assessment Year : 2011 -2012)

801A(5).The deduction u/s 80IA would be eligible only on such surplus profits after setting off of the brought forward losses and unabsorbed depreciation. The AO has relied on the decision of the Special Bench of ITAT, Ahmedabad in the case of ACIT Vs. Gold Mine and Shares & Finance Pvt. Ltd. (2008) 113 ITD 209 as well

M/S.VA TECH WABAG LTD,CHENNAI vs. ACIT CENTRAL CIRCLE 3(2), CHENNAI

The appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manomohan Das

TDS credit only Rs.2,68,30,588/- (Short credit Rs.6,44,997/-) Refund due Rs.1,80,69,203/- Department went for appeal against CIT(A) order on our first appeal ITAT which was rejected and allowed the 25/01/2017 claim of deduction u/s 80lA and the forex loss claimed High Court 07.03.2019 Dismissed department appeal TCA Nos.196