HOSPIRA HEALTHCARE INDIA PRIVATE LIMITED,CHENNAI vs. DCIT, CHENNAI

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.469/Chny/2017 िनधा<रण वष< /Assessment Year: 2012-13 M/S. Hospira Healthcare India The Dy. Commissioner Of Pvt. Ltd., Vs. Income Tax, Sri-Nivas, New No.86 (Old No.89), Corporate Circle-2(2), Gn Chetty Road, T Nagar, Chennai. Chennai – 600 017. [Pan: Aaabco 2190F] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" की ओर से/ Appellant By : Shri Sriram Seshadri, C.A Jkथ" की ओर से /Respondent By : Shri A. Sasikumar, Cit सुनवाई की तारीख/Date Of Hearing : 25.04.2024 घोषणा की तारीख /Date Of Pronouncement : 22.07.2024 आदेश / O R D E R Per Jagadish, A.M : Aforesaid Appeal Filed By The Assessee Against The Assessment Order Passed By The Dcit, Corporate Circle-2(2), Chennai U/S.143(3) R.W.S. 144C(13) Of The Income Tax Act, 1961 (Hereinafter “The Act”) For The Assessment Year 2012-13, In Pursuance Of The Directions Issued By The Dispute Resolution Panel, Bengalore (Hereinafter ‘Drp’) Vide Directions Dated 09.11.2016. :- 2 -:

TDS and prayed for direction . The Ld AO is directed to allow the credit as per law. 8. Ground No.4 and 6 are against the rejection of CUP as Most Appropriate Method (MAM ) for benchmarking the sale transaction and adopting TNMM as MAM for sale transaction and the assessee has made sale of Rs. 555 Crores

DCIT, CHENNAI vs. SIVA VENTURES LIMITED, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

section 92 of the Act would be applicable to the transaction of extending guarantee by the appellant to its AE. 23. The Honorable DRP, TPO and the AC failed to take cognizance to that fact that the assessee company is a hundred percent shareholder of the subsidiary company and thus the nature of guarantee is an implicit guarantee, required

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

section 92 of the Act would be applicable to the transaction of extending guarantee by the appellant to its AE. 23. The Honorable DRP, TPO and the AC failed to take cognizance to that fact that the assessee company is a hundred percent shareholder of the subsidiary company and thus the nature of guarantee is an implicit guarantee, required

SIVA INDUSTRIES AND HOLDINGS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

section 92 of the Act would be applicable to the transaction of extending guarantee by the appellant to its AE. 23. The Honorable DRP, TPO and the AC failed to take cognizance to that fact that the assessee company is a hundred percent shareholder of the subsidiary company and thus the nature of guarantee is an implicit guarantee, required

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

section 92 of the Act would be applicable to the transaction of extending guarantee by the appellant to its AE. 23. The Honorable DRP, TPO and the AC failed to take cognizance to that fact that the assessee company is a hundred percent shareholder of the subsidiary company and thus the nature of guarantee is an implicit guarantee, required

M/S LAMPMASTER WOLTERS INDIA PRIVATE LIMITED ,KANCHIPURAM vs. ITO , TDS WARD 2(2) , CHENNAI

In the result, the appeals filed by the assessee for the AY

Bench: Shri Mahavir Singh, Vice- & Shri G. Manjunathaआयकरअपीलसं./I.T.A.No.590 To 592/Chny/2022 & Stay Application Nos.47 To 49/Chny/2022 (In Ita Nos.590 To 592/Chny/2022) ("नधा"रणवष" / Assessment Years:2013-14 To 2015-16) M/S. Lampmaster Wolters India Pvt.Ltd Vs The Income Tax Officer, Survey No.229, Tds Ward – 2(2), Chennai. 92,Sidco Industrial Estate, Thirumudivakkam, Sriperumbudur Tk Kanchipuram. Pan: Aaacl 9840N (अपीलाथ"/Appellant) (""यथ"/Respondent)

TDS Ward – 2(2), Chennai. 92,SIDCO Industrial Estate, Thirumudivakkam, Sriperumbudur TK Kanchipuram. PAN: AAACL 9840N (अपीलाथ"/Appellant) (""यथ"/Respondent) : Mrs. Jharna B.Harilal, C.A अपीलाथ"क"ओरसे/ Appellant by : Mr. P.Sajit Kumar,JCIT ""यथ"क"ओरसे/Respondent by 29.07.2022 सुनवाईक"तार"ख/Date of hearing : 29 .07.2022 : घोषणाक"तार"ख /Date of Pronouncement आदेश

M/S LAMPMASTER WOLTERS INDIA PRIVATE LIMITED ,KANCHIPURAM vs. ITO , TDS WARD 2(2) , CHENNAI

In the result, the appeals filed by the assessee for the AY

Bench: Shri Mahavir Singh, Vice- & Shri G. Manjunathaआयकरअपीलसं./I.T.A.No.590 To 592/Chny/2022 & Stay Application Nos.47 To 49/Chny/2022 (In Ita Nos.590 To 592/Chny/2022) ("नधा"रणवष" / Assessment Years:2013-14 To 2015-16) M/S. Lampmaster Wolters India Pvt.Ltd Vs The Income Tax Officer, Survey No.229, Tds Ward – 2(2), Chennai. 92,Sidco Industrial Estate, Thirumudivakkam, Sriperumbudur Tk Kanchipuram. Pan: Aaacl 9840N (अपीलाथ"/Appellant) (""यथ"/Respondent)

TDS Ward – 2(2), Chennai. 92,SIDCO Industrial Estate, Thirumudivakkam, Sriperumbudur TK Kanchipuram. PAN: AAACL 9840N (अपीलाथ"/Appellant) (""यथ"/Respondent) : Mrs. Jharna B.Harilal, C.A अपीलाथ"क"ओरसे/ Appellant by : Mr. P.Sajit Kumar,JCIT ""यथ"क"ओरसे/Respondent by 29.07.2022 सुनवाईक"तार"ख/Date of hearing : 29 .07.2022 : घोषणाक"तार"ख /Date of Pronouncement आदेश

M/S LAMPMASTER WOLTERS INDIA PRIVATE LIMITED ,KANCHIPURAM vs. ITO , TDS WARD 2(2) , CHENNAI

In the result, the appeals filed by the assessee for the AY

Bench: Shri Mahavir Singh, Vice- & Shri G. Manjunathaआयकरअपीलसं./I.T.A.No.590 To 592/Chny/2022 & Stay Application Nos.47 To 49/Chny/2022 (In Ita Nos.590 To 592/Chny/2022) ("नधा"रणवष" / Assessment Years:2013-14 To 2015-16) M/S. Lampmaster Wolters India Pvt.Ltd Vs The Income Tax Officer, Survey No.229, Tds Ward – 2(2), Chennai. 92,Sidco Industrial Estate, Thirumudivakkam, Sriperumbudur Tk Kanchipuram. Pan: Aaacl 9840N (अपीलाथ"/Appellant) (""यथ"/Respondent)

TDS Ward – 2(2), Chennai. 92,SIDCO Industrial Estate, Thirumudivakkam, Sriperumbudur TK Kanchipuram. PAN: AAACL 9840N (अपीलाथ"/Appellant) (""यथ"/Respondent) : Mrs. Jharna B.Harilal, C.A अपीलाथ"क"ओरसे/ Appellant by : Mr. P.Sajit Kumar,JCIT ""यथ"क"ओरसे/Respondent by 29.07.2022 सुनवाईक"तार"ख/Date of hearing : 29 .07.2022 : घोषणाक"तार"ख /Date of Pronouncement आदेश

SUNITHA,COIMBATORE vs. PCIT -1, COIM,BATORE

In the result, appeal filed by the assessee is allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal & Hon’Ble Shri Manu Kumar Giriआयकरअपील सं./ Ita No.2013/Chny/2024 (िनधा"रणवष" / Assessment Year: 2018-2019) Sunitha, Vs. The Principal Commissioner Of No.30, Sivaji Colony, Income Tax -1, Thadagam Road, Coimbatore Edayarpalayam, Coimbatore 641 025. [Pan: Bhqps 4789G] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri N.V. Balaji, Advocate ""यथ" क" ओर से /Respondent By : Shri R. Clement Ramesh Kumar, Irs, Cit. सुनवाई क" तार"ख/Date Of Hearing : 26.11.2024 घोषणा क" तार"ख /Date Of Pronouncement : 10.12.2024 आदेश / O R D E R Per Manu Kumar Giri ()

92,510 Loans Balance recovered back Bank 34,24,38,555 Additional 36,79,53,016 loans given 6,32,25,391 Through bank B) Cash B) In Cash 5,54,01,000 Interest (46,78,370) allocation Closing Balance 3,16,609,50 ---------------- ---------------- 43,26,46,526 43,26,46,526 --------------- --------------- Form the above table, it could be gathered

FAIVELEY TRANSPORT TECHNOLOGIES INDIA PVT. LTD.,HOSUR vs. ACIT, CORPORATE CIRCLE-1(1), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI S.R. RAGHUNATHA (Accountant Member)

TDS deducted. e) Amount payable at the end of the financial year. The assessee vide letter dated 21/22.01.2021 (Pg 32 of paper book) has submitted following details with required annexure:- a Nature of business and activities undertaken Annexure 5.1 ITA No.1598 /Chny/2024 b Separate books of accounts Annexure 5.2 List of business premises and godowns Submission made

ACIT (OSD) CORPORATE RANGE 1, CHENNAI vs. DONG A INDIA AUTOMOTIVE PRIVATE LIMITED, KANCHEEPURAM

In the result, appeals filed by the assessee’s in ITA No

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकरअपीलसं./Ita No.: 585/Chny/2017 िनधा"रणवष" / Assessment Year: 2012-13 Ls Automotive India Private Limited Assistant Commissioner Of (Formerly Known As Daesung V. Income Tax (Osd), Electric India Pvt Ltd) Corporate Range 1, Room No. 603, 6Th Floor, No. 118, Padur Village, Thiruvelangadu Post, Wanaparthy Block, Kunnavalam V.O. No. 121, Aayakarbhavan, Thiruvallur – 631 210. Mahatma Gandhi Road, [Pan: Aakcs-1901-R] Nungamabakkam, Chennai – 600 034. (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./Ita No.: 2159/Chny/2017 िनधा"रणवष" / Assessment Year: 2013-14 Komos Automotive India Pvt Deputy Commissioner Of Limited, V. Income Tax, B-10/1, Sipcot Industrial Corporate Circle 4(2), 4Th Floor, Main Building, Development Centre, Oragadam, Vaippur-A Vilalge, No. 121, Mahatma Gandhi Sriperumbudurtaluk, Road, Nungamabakkam, Kanchipuramdist – 602 105. Chennai – 600 034. [Pan: Aacck-8859-N] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./It(Tp)A No.: 40/Chny/2019 &

section 92 of the Act and Rule 10B(1) of IT Rules, 1962, it is very clear that any income arising from an international transaction shall be computed having regard to arm’s length price alone, which means, very purpose of said provision is to establish arm’s length nature of the international transactions only. The transactions with

DAESUNG ELECTRIC INDIA PVT. LTD.,,THIRUVALLUR vs. ACIT (OSD), CHENNAI

In the result, appeals filed by the assessee’s in ITA No

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकरअपीलसं./Ita No.: 585/Chny/2017 िनधा"रणवष" / Assessment Year: 2012-13 Ls Automotive India Private Limited Assistant Commissioner Of (Formerly Known As Daesung V. Income Tax (Osd), Electric India Pvt Ltd) Corporate Range 1, Room No. 603, 6Th Floor, No. 118, Padur Village, Thiruvelangadu Post, Wanaparthy Block, Kunnavalam V.O. No. 121, Aayakarbhavan, Thiruvallur – 631 210. Mahatma Gandhi Road, [Pan: Aakcs-1901-R] Nungamabakkam, Chennai – 600 034. (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./Ita No.: 2159/Chny/2017 िनधा"रणवष" / Assessment Year: 2013-14 Komos Automotive India Pvt Deputy Commissioner Of Limited, V. Income Tax, B-10/1, Sipcot Industrial Corporate Circle 4(2), 4Th Floor, Main Building, Development Centre, Oragadam, Vaippur-A Vilalge, No. 121, Mahatma Gandhi Sriperumbudurtaluk, Road, Nungamabakkam, Kanchipuramdist – 602 105. Chennai – 600 034. [Pan: Aacck-8859-N] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./It(Tp)A No.: 40/Chny/2019 &

section 92 of the Act and Rule 10B(1) of IT Rules, 1962, it is very clear that any income arising from an international transaction shall be computed having regard to arm’s length price alone, which means, very purpose of said provision is to establish arm’s length nature of the international transactions only. The transactions with

KOMOS AUTOMOTIVE INDIA PVT LTD,KANCHIPURAM vs. DCIT, CORPORATE CIRCLE4(2), CHENNAI

In the result, appeals filed by the assessee’s in ITA No

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकरअपीलसं./Ita No.: 585/Chny/2017 िनधा"रणवष" / Assessment Year: 2012-13 Ls Automotive India Private Limited Assistant Commissioner Of (Formerly Known As Daesung V. Income Tax (Osd), Electric India Pvt Ltd) Corporate Range 1, Room No. 603, 6Th Floor, No. 118, Padur Village, Thiruvelangadu Post, Wanaparthy Block, Kunnavalam V.O. No. 121, Aayakarbhavan, Thiruvallur – 631 210. Mahatma Gandhi Road, [Pan: Aakcs-1901-R] Nungamabakkam, Chennai – 600 034. (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./Ita No.: 2159/Chny/2017 िनधा"रणवष" / Assessment Year: 2013-14 Komos Automotive India Pvt Deputy Commissioner Of Limited, V. Income Tax, B-10/1, Sipcot Industrial Corporate Circle 4(2), 4Th Floor, Main Building, Development Centre, Oragadam, Vaippur-A Vilalge, No. 121, Mahatma Gandhi Sriperumbudurtaluk, Road, Nungamabakkam, Kanchipuramdist – 602 105. Chennai – 600 034. [Pan: Aacck-8859-N] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./It(Tp)A No.: 40/Chny/2019 &

section 92 of the Act and Rule 10B(1) of IT Rules, 1962, it is very clear that any income arising from an international transaction shall be computed having regard to arm’s length price alone, which means, very purpose of said provision is to establish arm’s length nature of the international transactions only. The transactions with

DONG-A INDIA AUTOMOTIVE PVT LIMITED,KANCHEEPURAM vs. ITO, CORPORATE WARD 1(4), CHENNAI

In the result, appeals filed by the assessee’s in ITA No

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकरअपीलसं./Ita No.: 585/Chny/2017 िनधा"रणवष" / Assessment Year: 2012-13 Ls Automotive India Private Limited Assistant Commissioner Of (Formerly Known As Daesung V. Income Tax (Osd), Electric India Pvt Ltd) Corporate Range 1, Room No. 603, 6Th Floor, No. 118, Padur Village, Thiruvelangadu Post, Wanaparthy Block, Kunnavalam V.O. No. 121, Aayakarbhavan, Thiruvallur – 631 210. Mahatma Gandhi Road, [Pan: Aakcs-1901-R] Nungamabakkam, Chennai – 600 034. (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./Ita No.: 2159/Chny/2017 िनधा"रणवष" / Assessment Year: 2013-14 Komos Automotive India Pvt Deputy Commissioner Of Limited, V. Income Tax, B-10/1, Sipcot Industrial Corporate Circle 4(2), 4Th Floor, Main Building, Development Centre, Oragadam, Vaippur-A Vilalge, No. 121, Mahatma Gandhi Sriperumbudurtaluk, Road, Nungamabakkam, Kanchipuramdist – 602 105. Chennai – 600 034. [Pan: Aacck-8859-N] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./It(Tp)A No.: 40/Chny/2019 &

section 92 of the Act and Rule 10B(1) of IT Rules, 1962, it is very clear that any income arising from an international transaction shall be computed having regard to arm’s length price alone, which means, very purpose of said provision is to establish arm’s length nature of the international transactions only. The transactions with

SELVA GANESH CONSTRUCTIONS PVT LTD,CHENNAI vs. ITO CORPORATE WARD-6(2), CHENNAI

In the result, the appeals of the Assessee in I

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A Nos.:1654 To 1658/Chny/2019 Assessment Years : 2012-13, 2013-14, 2014-15, 2015-16 & 2016-17

TDS by invoking the provisions of Section 40(a)(ia) if the Act. In view of the second proviso to this Section, we are in full agreement with the arguments of the :: 8 :: I.T.A Nos.:1654 to 1658/CHNY/2019 learned Counsel for the Assessee, as well as the learned Senior Departmental Representative that, in case the recipients have disclosed the remunerations

SELVA GANESH CONSTRUCTIONS PVT LTD,CHENNAI vs. ITO CORPORATE WARD-6(2), CHENNAI

In the result, the appeals of the Assessee in I

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A Nos.:1654 To 1658/Chny/2019 Assessment Years : 2012-13, 2013-14, 2014-15, 2015-16 & 2016-17

TDS by invoking the provisions of Section 40(a)(ia) if the Act. In view of the second proviso to this Section, we are in full agreement with the arguments of the :: 8 :: I.T.A Nos.:1654 to 1658/CHNY/2019 learned Counsel for the Assessee, as well as the learned Senior Departmental Representative that, in case the recipients have disclosed the remunerations

SELVA GANESH CONSTRUCTIONS PVT LTD,CHENNAI vs. ITO CORPORATE WARD-6(2), CHENNAI

In the result, the appeals of the Assessee in I

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A Nos.:1654 To 1658/Chny/2019 Assessment Years : 2012-13, 2013-14, 2014-15, 2015-16 & 2016-17

TDS by invoking the provisions of Section 40(a)(ia) if the Act. In view of the second proviso to this Section, we are in full agreement with the arguments of the :: 8 :: I.T.A Nos.:1654 to 1658/CHNY/2019 learned Counsel for the Assessee, as well as the learned Senior Departmental Representative that, in case the recipients have disclosed the remunerations

SELVA GANESH CONSTRUCTIONS PVT LTD,CHENNAI vs. ITO CORPORATE WARD-6(2), CHENNAI

In the result, the appeals of the Assessee in I

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A Nos.:1654 To 1658/Chny/2019 Assessment Years : 2012-13, 2013-14, 2014-15, 2015-16 & 2016-17

TDS by invoking the provisions of Section 40(a)(ia) if the Act. In view of the second proviso to this Section, we are in full agreement with the arguments of the :: 8 :: I.T.A Nos.:1654 to 1658/CHNY/2019 learned Counsel for the Assessee, as well as the learned Senior Departmental Representative that, in case the recipients have disclosed the remunerations