ROYAL SUNDARAM GENERAL INSURANCE COMPANY LTD,CHENNAI vs. DCIT, LTU, CHENNAI

In the result, the appeals of the assesse and Revenue are dealt as under:-

Bench: Shri Aby T Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita Nos.86, 87, 88, 89, 90, 91, 92 & 93 /Chny/2018 निर्धारण वर्ा /Assessment Years: 2008-09, 2009-10, 2010-11, 2011-12, 2011-12, 2012-13, 2013-14, 2014-15, M/S.Royal Sundaram General Dy. Commissioner Of Income Tax, Insurance Company Limited, Large Tax Payer Unit, Vishranthi Melaram Towers, Chennai. No.2/319, Rajiv Gandhi Salai(Omr), Karapakkam, Chennai-600 097. [Pan: Aabcr7106G] आयकर अपील सं./Ita Nos.491, 492, 493, 494, 495 & 496 /Chny/2018 निर्धारण वर्ा /Assessment Years: 2008-09, 2010-11, 2011-12, 2012-13, 2013-14, 2014-15 Dy. Commissioner Of Income Tax, M/S.Royal Sundaram General Large Tax Payer Unit, Insurance Company Limited, Chennai. Vishranthi Melaram Towers, No.2/319, Rajiv Gandhi Salai(Omr), Karapakkam, Chennai-600 097. [Pan: Aabcr7106G] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) : Shri Vikaram Vijayaraghavan, Advocate अपीलार्थी की ओर से/ Assessee By प्रत्यर्थी की ओर से /Revenue By : Shri A.Sanjay For Ms V.Pushpa, Sr.Standing Counsel For It Dept. सुनवाई की तारीख/Date Of Hearing : 15.10.2024 घोषणा की तारीख /Date Of Pronouncement : 08.01.2025

capital asset and Higher rate of depreciation @60% has been allowed based on the life and usage of computer software. We found that similar issue was decided by the Co-ordinate Bench in favour of the assessee in assessee’s own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated 20.1.20166, where the Tribunal observed in para

DCIT LTU 1, CHENNAI vs. M/S ROYAL SUNDARAM GENERAL INSURANCE COMPANY LIMITED, CHENNAI

In the result, the appeals of the assesse and Revenue are dealt as under:-

Bench: Shri Aby T Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita Nos.86, 87, 88, 89, 90, 91, 92 & 93 /Chny/2018 निर्धारण वर्ा /Assessment Years: 2008-09, 2009-10, 2010-11, 2011-12, 2011-12, 2012-13, 2013-14, 2014-15, M/S.Royal Sundaram General Dy. Commissioner Of Income Tax, Insurance Company Limited, Large Tax Payer Unit, Vishranthi Melaram Towers, Chennai. No.2/319, Rajiv Gandhi Salai(Omr), Karapakkam, Chennai-600 097. [Pan: Aabcr7106G] आयकर अपील सं./Ita Nos.491, 492, 493, 494, 495 & 496 /Chny/2018 निर्धारण वर्ा /Assessment Years: 2008-09, 2010-11, 2011-12, 2012-13, 2013-14, 2014-15 Dy. Commissioner Of Income Tax, M/S.Royal Sundaram General Large Tax Payer Unit, Insurance Company Limited, Chennai. Vishranthi Melaram Towers, No.2/319, Rajiv Gandhi Salai(Omr), Karapakkam, Chennai-600 097. [Pan: Aabcr7106G] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) : Shri Vikaram Vijayaraghavan, Advocate अपीलार्थी की ओर से/ Assessee By प्रत्यर्थी की ओर से /Revenue By : Shri A.Sanjay For Ms V.Pushpa, Sr.Standing Counsel For It Dept. सुनवाई की तारीख/Date Of Hearing : 15.10.2024 घोषणा की तारीख /Date Of Pronouncement : 08.01.2025

capital asset and Higher rate of depreciation @60% has been allowed based on the life and usage of computer software. We found that similar issue was decided by the Co-ordinate Bench in favour of the assessee in assessee’s own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated 20.1.20166, where the Tribunal observed in para

HYUNDAI TRANSYS INC,REPUBLIC OF KOREA vs. DEPUTY COMMISSIONER OF INCOME TAX, INTERNATIONAL TAX, CORPORATE CIRCLE 1(1), CHENNAI, CHENNAI

Appeal of the assessee is allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.338/Chny/2024 (िनधा"रणवष" / Assessment Year: 2015-2016) Hyundai Transys Inc, Vs. The Deputy Commissioner Of 105, Sindang Income Tax, 1 Ro Seongyeon, International Tax, Myeon, Corporate Circle 1(1) Seosan, Ccn 356851 Chennai. Korea.

capital gains tax would be reconsidered by the Tribunal in case it comes to the conclusion that the notice dated 13/11/2000 is a notice within jurisdiction of the Assessing Officer’’. 11. Therefore, in the light of above settled position of law and respectfully following the Hon’ble Supreme Court and Hon’ble High Courts judgments referred supra , we admit

ROYAL SUNDARAM GENERAL INSURANCE COMPANY LTD,CHENNAI vs. DCIT, LTU, CHENNAI

capital asset and Higher rate of depreciation @60%\nhas been allowed based on the life and usage of computer software. We found that\nsimilar issue was decided by the Co-ordinate Bench in favour of the assessee in\nassessee's own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated\n20.1.20166, where the Tribunal observed in para

DCIT LTU 1, CHENNAI vs. M/S ROYAL SUNDARAM GENERAL INSURANCE COMPANY LIMITED, CHENNAI

capital asset and Higher rate of depreciation @60%\nhas been allowed based on the life and usage of computer software. We found that\nsimilar issue was decided by the Co-ordinate Bench in favour of the assessee in\nassessee's own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated\n20.1.20166, where the Tribunal observed in para

DCIT LTU 1, CHENNAI vs. M/S ROYAL SUNDARAM GENERAL INSURANCE COMPANY LIMITED, CHENNAI

capital asset and Higher rate of depreciation @60%\nhas been allowed based on the life and usage of computer software. We found that\nsimilar issue was decided by the Co-ordinate Bench in favour of the assessee in\nassessee's own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated\n20.1.20166, where the Tribunal observed in para

ROYAL SUNDARAM GENERAL INSURANCE COMPANY LTD,CHENNAI vs. DCIT, LTU, CHENNAI

capital asset and Higher rate of depreciation @60%\nhas been allowed based on the life and usage of computer software. We found that\nsimilar issue was decided by the Co-ordinate Bench in favour of the assessee in\nassessee's own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated\n20.1.20166, where the Tribunal observed in para

ROYAL SUNDARAM GENERAL INSURANCE COMPANY LTD,CHENNAI vs. DCIT, LTU, CHENNAI

capital asset and Higher rate of depreciation @60%\nhas been allowed based on the life and usage of computer software. We found that\nsimilar issue was decided by the Co-ordinate Bench in favour of the assessee in\nassessee's own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated\n20.1.20166, where the Tribunal observed in para

ROYAL SUNDARAM GENERAL INSURANCE COMPANY LTD,CHENNAI vs. DCIT, LTU, CHENNAI

capital asset and Higher rate of depreciation @60%\nhas been allowed based on the life and usage of computer software. We found that\nsimilar issue was decided by the Co-ordinate Bench in favour of the assessee in\nassessee's own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated\n20.1.20166, where the Tribunal observed in para

DCIT LTU 1, CHENNAI vs. M/S ROYAL SUNDARAM GENERAL INSURANCE COMPANY LIMITED, CHENNAI

capital asset and Higher rate of depreciation @60%\nhas been allowed based on the life and usage of computer software. We found that\nsimilar issue was decided by the Co-ordinate Bench in favour of the assessee in\nassessee's own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated\n20.1.20166, where the Tribunal observed in para

DCIT LTU 1, CHENNAI vs. M/S ROYAL SUNDARAM GENERAL INSURANCE COMPANY LIMITED, CHENNAI

capital asset and Higher rate of depreciation @60%\nhas been allowed based on the life and usage of computer software. We found that\nsimilar issue was decided by the Co-ordinate Bench in favour of the assessee in\nassessee's own case in ITA No.1368/Mds/2015, for the year 2010-2011, dated\n20.1.20166, where the Tribunal observed in para

DCIT, CHENNAI vs. TVS INVESTMENTS LRD.,, CHENNAI

In the result, the Revenue's appeal as well as the assessee's Cross Objection are allowed for statistical purposes

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.262/Chny/2017 (िनधा*रण वष* / Assessment Year: 2010-11) Dcit M/S. Tvs Capital Funds (P) Limited (Formerly Known As Tvs Investments Limited) Corporate Circle-3(1) बनाम/ Jayalakshmi Estates, Chennai-600 034. Vs. No.29, (Old No.8), Haddows Road Chennai-600 006. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaact-1154-H (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Dr. D. Praveen (Jcit) -Ld. Dr " थ"कीओरसे/Respondent By : Shri R. Vijayaraghavan, (Advocate)-Ld. Ar सुनवाईकीतारीख/Date Of Hearing : 15-05-2024 घोषणाकीतारीख /Date Of Pronouncement : 11-06-2024 आदेश / O R D E R

Section 48 of IT Act provides for mode of computation of capital gains. The starting point of computation is the full value of consideration received or accruing. What in fact never accrued or was never received cannot be computed as capital gains u/s 48. In the case of KP Vargheese vs ITO Ernakulam 131 ITR 597, the Supreme Court

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)

gains derived from business carried on at the Baddi unit. The Assessee's case was selected for complete scrutiny assessment under CASS wherein one of the issues which needed further clarification and detailed verification was the deduction claimed for industrial undertaking under section 80-IC of the Act. During the course of assessment proceedings, the Revenue vide notice dated

KELLER (M) SDN BHD,CHENNAI vs. DCIT INTL TAX 1(2), CHENNAI, CHENNAI

In the result, the appeal of the assessee stands allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.1319/Chny/2023 (िनधा"रणवष" / Assessment Year: 2018-2019) Vs. The Deputy Commissioner Of Keller (M) Sdn Bhd, Income Tax, 7Th Floor, Centennial Square, International Taxation 1(2) No.6A, Dr. Ambedkar Road, Chennai. Kodambakkam, Chennai 600 024. [Pan: Aagck 8014M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri. Ashik Shah, C.A. ""यथ" क" ओर से /Respondent By : Shri. Nilay Baran Som, Irs, Cit.

217 response to the notice dated October 07, 2022 7.1. Notice under section 142(1) of the Act dated October 07, 221 2022, issued by the Ld. AO 7.2. Statement of computation of income of the Appellant for AY 225 2018-19 7.3. Financial statements of the Appellant for FY 2017-18 230 8 Submission dated March 21, 2023, filed

ACIT CIRCLE 1, TRICHY vs. DALMIA CEMENT BHARAT LTD., DALMIAPURAM

Bench: Ms. Madhumita Roy & Shri Amitabh Shukla, Accountnat Member [Assessment Year: 2013-14] The Assistant Commissioner Of M/S Dalmia Cement Bharat Ltd. Income Tax, Circle-1, Dalmiapuram, Williams Road, Vs Tamilnadu, 621651 Cantonment, Trichy, Tamil Nadu-620001 Pan-Aadca9414C Assessee Revenue Cross Objection No.63/Chny/2018 (Arising Out Of Ita No.3157/Chny2017) [Assessment Year: 2013-14] M/S Dalmia Cement Bharat Ltd. The Assistant Commissioner Of Dalmiapuram, Income Tax, Circle-1, Tamilnadu-621651 Vs Williams Road, Cantonment, Trichy, Tamil Nadu-620001 Pan- Aadca9414C Assessee Revenue [Assessment Year: 2014-15] The Assistant Commissioner Of M/S Dalmia Cement Bharat Ltd. Income Tax, Circle-1, Dalmiapuram, Williams Road, Vs Tamilnadu, 621651 Cantonment, Trichy, Tamil Nadu-620001 Pan-Aadca9414C Assessee Revenue

c) of Section 115JB(2), treating it as unascertained liability. 4) The learned Commissioner(A) erred in treating the following subsidies received by the assessee company as Capital Receipts. i)Sales Tax Subsidy: Rs. 9,36,29,356/- ii)Power Subsidy : Rs. 11,61,59,650/- ITA Nos. 5416 & 5417/Del/2017 along with other cases iii)Fuel surcharge adjustment subsidy: Rs.3

ACIT CIRCLE 1, TRICHY vs. DALMIA CEMENT BHARAT LTD., DALMIAPURAM

Bench: Ms. Madhumita Roy & Shri Amitabh Shukla, Accountnat Member [Assessment Year: 2013-14] The Assistant Commissioner Of M/S Dalmia Cement Bharat Ltd. Income Tax, Circle-1, Dalmiapuram, Williams Road, Vs Tamilnadu, 621651 Cantonment, Trichy, Tamil Nadu-620001 Pan-Aadca9414C Assessee Revenue Cross Objection No.63/Chny/2018 (Arising Out Of Ita No.3157/Chny2017) [Assessment Year: 2013-14] M/S Dalmia Cement Bharat Ltd. The Assistant Commissioner Of Dalmiapuram, Income Tax, Circle-1, Tamilnadu-621651 Vs Williams Road, Cantonment, Trichy, Tamil Nadu-620001 Pan- Aadca9414C Assessee Revenue [Assessment Year: 2014-15] The Assistant Commissioner Of M/S Dalmia Cement Bharat Ltd. Income Tax, Circle-1, Dalmiapuram, Williams Road, Vs Tamilnadu, 621651 Cantonment, Trichy, Tamil Nadu-620001 Pan-Aadca9414C Assessee Revenue

c) of Section 115JB(2), treating it as unascertained liability. 4) The learned Commissioner(A) erred in treating the following subsidies received by the assessee company as Capital Receipts. i)Sales Tax Subsidy: Rs. 9,36,29,356/- ii)Power Subsidy : Rs. 11,61,59,650/- ITA Nos. 5416 & 5417/Del/2017 along with other cases iii)Fuel surcharge adjustment subsidy: Rs.3

BRAHMAR CELLULOSE PRODUCTS PRIVATE LIMITED,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CHENNAI

In the result, the appeal filed by the assessee dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.189/Chny/2024 िनधा"रण वष"/Assessment Years: 2012-13 Brahmar Cellulose Products Private Vs. The Deputy Commissioner Of Limited, Ameen Manors, S1 & S2, Income Tax, Second Floor, B Block, No. 138, Corporate Circle 1(2), Nungambakkam High Road, Chennai. Chennai 600 034. [Pan: Aadcb3888M] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : None ""थ" की ओर से/Respondent By : Ms. R. Anita, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 06.08.2024 घोषणा की तारीख /Date Of Pronouncement : 21.08.2024 आदेश /O R D E R

C’ BENCH, CHENNAI "ी एसएस िव"ने" रिव, "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम" । Before Shri S.S. Viswanethra Ravi, Judicial Member & Shri Jagadish, Accountant Member आयकर अपील सं./I.T.A. No.189/Chny/2024 िनधा"रण वष"/Assessment Years: 2012-13 Brahmar Cellulose Products Private Vs. The Deputy Commissioner of Limited, Ameen Manors, S1 and S2, Income Tax, Second Floor, B Block

PALANISAMY RAGHUPATHY,BENGALURU vs. ACIT, CENTRAL CIRCLE-3,, COIMBATORE

In the result, appeal filed by the assessee and department are\nallowed or dismissed as per chart below

C]\n(अपीलाथी/Appellant) (प्रत्यर्थी/Respondent)\nआयकर अपील सं./ITA Nos.3367 to 3374/Chny/2024\nनिर्धारण वर्ष/Assessment Years: 2011-12 to 2018-19\nMr.Palanisamy Raghupathy,\n390, 9th Main I Cross,\nHAL II State, Indira Nagar,\nBengaluru-560 038.\nv.\nThe ACIT,\nCentral Circle-3,\nCoimbatore.\n[PAN: AFKPR 9573 G]\n(अपीलाथी/Appellant) (प्रत्यर्थी/Respondent)\nआयकर अपील सं./ITA Nos.3384

M/S. P.P. FINANCIERS,CHENNAI vs. ACIT, CENTRAL CIRCLE-3,, COIMBATORE

C]\n(अपीलाथ/Appellant)\n(प्रथय/Respondent)\nITA No.1119/Chny/2025 & ‘60’ Others\nMr. P. Palanisamy\nM/s. P.P. Financiers\nMr. P. Kuppuchamy\nMr. L. Karuppusamy\nM/s. P.P. Enterprises\nMr. Palanisamy Raghupathy\nM/s. P.P. Constructions\nMr. Sellamuthu Kabilan\n:: 3 ::\nआयकर अपील सं./ITA Nos.3367 to 3374/Chny/2024\nनिर्धारण वर्ष/Assessment Years: 2011-12 to 2018-19\nMr.Palanisamy Raghupathy,\n390, 9th Main I Cross