ASSISTANT COMMISSIONER OF INCOME TAX CORPORATE CIRCLE 1 1, CHENNAI vs. IL AND FS TAMILNADU POWER COMPANY LIMITED, CHENNAI

In the result, the appeal of the revenue is partly allowed for\nstatistical purposes

35A; Or\n(iv) the amount of expenditure of a capital nature referred to in clause (ix) of\nsub-section (1) of section 36; or\n(v) the cost of acquisition of a capital asset (not being a capital asset referred\nto in section 50) for the purposes of section 48,\nand the amount arrived at after such addition

NATARAJ RAMAIAH,CHENNAI vs. ITO INTERNATIONAL TAX ATION WARD 2(1), CHENNAI

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 849/Chny/2024 िनधा"रणवष" / Assessment Year: 2015-16 Income Tax Officer, Nataraj Ramaiah, V. International Taxation No. 25, Kothari Road, Ward -2(1), Nungambakkam – 600 034. Chennai – 600 034. [Pan: Aaapr-5280-R] (अपीलाथ"/Assessee) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Assessee By : None ""यथ"क"ओरसे/Respondent By : Shri. G. Suresh, Jcit सुनवाई क" तारीख/Date Of Hearing : 09.07.2024 घोषणा क" तारीख/Date Of Pronouncement : 18.09.2024 आदेश /O R D E R Per S. R. Raghunatha:

gains arising there from to tax by invoking provisions of Section 50C.” 4. The facts as submitted to the Assessing Officer u/s.147 proceedings are as under: (i) During the financial year 2014-15, relevant to the AY 2015-16 i.e. on 25.02.15 the assessee sold 0.77 acres of agricultural land comprised in S.No.252/3 of Aryaperumbakkam Village to M/s. Indo

T vs. MOTOR COMPANY LTD.,CHENNAIVS.ACIT, CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita No.672/Chny/2017 िनधा"रणवष"/Assessment Year: 2012-13 M/S.Tvs Motor Co. Ltd., V. The Acit, No.29, Haddows Road, Corporate Circle – 3(1), Chennai-600 006. Chennai. [Pan: Aaacs 7032 B] (अपीलाथ"/Appellant) (""यथ"/Respondent)

capitalized The brief facts as noted are that, the assessee had capitalized The brief facts as noted are that, the assessee had capitalized hedging cost of Rs.4,09,82,305/ hedging cost of Rs.4,09,82,305/- in the books of accounts, but claimed in the books of accounts, but claimed the same as expenditure in the computation of total