M/S SUNDARAM ASSET MANAGEMENT COMPANY LIMITED,CHENNAI vs. DCIT LARGE TAX PAYER UNIT 1, CHENNAI

In the result, both the appeals of the assessee(ITA no

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

gains") for— (i) the transfer of all or any rights (including the granting of a licence) in respect of a patent, invention, model, design, secret formula or process or trade mark or similar property ; (ii) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret formula or process or trade mark

M/S SUNDARAM ASSET MANAGEMENT COMPANY LIMITED,CHENNAI vs. DCIT LARGE TAX PAYER UNIT 1, CHENNAI

In the result, both the appeals of the assessee(ITA no

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

gains") for— (i) the transfer of all or any rights (including the granting of a licence) in respect of a patent, invention, model, design, secret formula or process or trade mark or similar property ; (ii) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret formula or process or trade mark

DCIT LARGE TAX PAYER UNIT 1, CHENNAI vs. M/S SUNDARAM ASSET MANAGEMENT COMPANY LIMITED, CHENNAI

In the result, both the appeals of the assessee(ITA no

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

gains") for— (i) the transfer of all or any rights (including the granting of a licence) in respect of a patent, invention, model, design, secret formula or process or trade mark or similar property ; (ii) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret formula or process or trade mark

DCIT LARGE TAX PAYER UNIT 1, CHENNAI vs. M/S SUNDARAM ASSET MANAGEMENT COMPANY LIMITED, CHENNAI

In the result, both the appeals of the assessee(ITA no

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

gains") for— (i) the transfer of all or any rights (including the granting of a licence) in respect of a patent, invention, model, design, secret formula or process or trade mark or similar property ; (ii) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret formula or process or trade mark

DCIT LARGE TAX PAYER UNIT 1, CHENNAI vs. M/S SUNDARAM ASSET MANAGEMENT COMPANY LIMITED, CHENNAI

In the result, both the appeals of the assessee(ITA no

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

gains") for— (i) the transfer of all or any rights (including the granting of a licence) in respect of a patent, invention, model, design, secret formula or process or trade mark or similar property ; (ii) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret formula or process or trade mark

DCIT LARGE TAX PAYER UNIT 1, CHENNAI vs. M/S SUNDARAM ASSET MANAGEMENT COMPANY LIMITED, CHENNAI

In the result, both the appeals of the assessee(ITA no

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

gains") for— (i) the transfer of all or any rights (including the granting of a licence) in respect of a patent, invention, model, design, secret formula or process or trade mark or similar property ; (ii) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret formula or process or trade mark

SHRIRAM CITY UNION FINANCE LIMITED,CHENNAI vs. DCIT CORPORATE CIRCLE 6(1), CHENNAI

In the result, appeals filed by the assessee and revenue

Bench: Shri V.Durga Rao & Shri G.Manjunathaआयकरअपीलसं./I.T.A.No.1251/Chny/2019 ("नधा"रणवष" / Assessment Year: 2014-15) Shriram City Union Finance Ltd. Vs The Deputy Commissioner Of Mookambika Complex, Income Tax, No.4, Lady Desika Road, Mylapore, Corporate Circle-6(1) Chennai-600 004. Chennai-34. Pan: Aaacs 7703H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकरअपीलसं./I.T.A.No.1298/Chny/2019 ("नधा"रणवष" / Assessment Year: 2014-15) The Deputy Commissioner Of Income Vs Shriram City Union Finance Tax, Ltd. Corporate Circle-6(1) Mookambika Complex, Chennai-34. No.4, Lady Desika Road, Mylapore, Chennai-600 004. Pan: Aaacs 7703H (अपीलाथ"/Appellant) (""यथ"/Respondent)

gains from business or profession. 3. The learned DR, on the other hand, fairly agreed that this issue is covered against the assessee. 4. We have heard both the parties, perused material available on record and gone through orders of the authorities below. We find that an identical issue has been considered by the Tribunal in the case of Shriram

ACIT CORPORATE CIRCLE 6(1), CHENNAI vs. M/S, SHRIRAM CITY UNION FINANCE CO. LTD., CHENNAI

In the result, appeals filed by the assessee and revenue

Bench: Shri V.Durga Rao & Shri G.Manjunathaआयकरअपीलसं./I.T.A.No.1251/Chny/2019 ("नधा"रणवष" / Assessment Year: 2014-15) Shriram City Union Finance Ltd. Vs The Deputy Commissioner Of Mookambika Complex, Income Tax, No.4, Lady Desika Road, Mylapore, Corporate Circle-6(1) Chennai-600 004. Chennai-34. Pan: Aaacs 7703H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकरअपीलसं./I.T.A.No.1298/Chny/2019 ("नधा"रणवष" / Assessment Year: 2014-15) The Deputy Commissioner Of Income Vs Shriram City Union Finance Tax, Ltd. Corporate Circle-6(1) Mookambika Complex, Chennai-34. No.4, Lady Desika Road, Mylapore, Chennai-600 004. Pan: Aaacs 7703H (अपीलाथ"/Appellant) (""यथ"/Respondent)

gains from business or profession. 3. The learned DR, on the other hand, fairly agreed that this issue is covered against the assessee. 4. We have heard both the parties, perused material available on record and gone through orders of the authorities below. We find that an identical issue has been considered by the Tribunal in the case of Shriram

MAHALINGA TEXTILES,THENI vs. ITO,WARD-1, THENI

In the result, the appeal filed by the assessee is partly- allowed

Bench: Shri Mahavir Singh

sections 30 to 36 and not being in the nature of capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head "Profits and gains of business or profession". 11. The Draft Assessment Order along with computation

ACIT, CHENNAI vs. M/S. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

capital gain of Rs.2,70,40,990/- for the assessment year 2008- 09. It was contention of the assessee before the CIT(A) that profit on sale of investments in shares and mutual funds has inadvertently offered to tax as income from short term capital gain, even though, profit on sale of investments is not taxable in the case

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD.,CHENNAI vs. ACIT, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

capital gain of Rs.2,70,40,990/- for the assessment year 2008- 09. It was contention of the assessee before the CIT(A) that profit on sale of investments in shares and mutual funds has inadvertently offered to tax as income from short term capital gain, even though, profit on sale of investments is not taxable in the case

DCIT, CHENNAI vs. M/S. CHOLAMANDALAM MS GENERAL INSURANCE CO. LTD., CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

capital gain of Rs.2,70,40,990/- for the assessment year 2008- 09. It was contention of the assessee before the CIT(A) that profit on sale of investments in shares and mutual funds has inadvertently offered to tax as income from short term capital gain, even though, profit on sale of investments is not taxable in the case

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD.,CHENNAI vs. ACIT, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

capital gain of Rs.2,70,40,990/- for the assessment year 2008- 09. It was contention of the assessee before the CIT(A) that profit on sale of investments in shares and mutual funds has inadvertently offered to tax as income from short term capital gain, even though, profit on sale of investments is not taxable in the case

DCIT, CHENNAI vs. M/S. CHOLAMANDALAM MS GENERAL INSURANCE CO. LTD., CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

capital gain of Rs.2,70,40,990/- for the assessment year 2008- 09. It was contention of the assessee before the CIT(A) that profit on sale of investments in shares and mutual funds has inadvertently offered to tax as income from short term capital gain, even though, profit on sale of investments is not taxable in the case

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD.,CHENNAI vs. DCIT, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

capital gain of Rs.2,70,40,990/- for the assessment year 2008- 09. It was contention of the assessee before the CIT(A) that profit on sale of investments in shares and mutual funds has inadvertently offered to tax as income from short term capital gain, even though, profit on sale of investments is not taxable in the case

DCIT, CHENNAI vs. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD., CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

capital gain of Rs.2,70,40,990/- for the assessment year 2008- 09. It was contention of the assessee before the CIT(A) that profit on sale of investments in shares and mutual funds has inadvertently offered to tax as income from short term capital gain, even though, profit on sale of investments is not taxable in the case

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED,CHENNAI vs. DCIT, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

capital gain of Rs.2,70,40,990/- for the assessment year 2008- 09. It was contention of the assessee before the CIT(A) that profit on sale of investments in shares and mutual funds has inadvertently offered to tax as income from short term capital gain, even though, profit on sale of investments is not taxable in the case

M/S CHOLAMANDALAM MS GENERAL INSUSRANCE COMPANY LIMITED,CHENNAI vs. DCIT, PARGE TAX PAYER UNIT 2

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

capital gain of Rs.2,70,40,990/- for the assessment year 2008- 09. It was contention of the assessee before the CIT(A) that profit on sale of investments in shares and mutual funds has inadvertently offered to tax as income from short term capital gain, even though, profit on sale of investments is not taxable in the case