JCIT (OSD), CHENNAI vs. SIFY TECHNOLOGIES LIMITED, CHENNAI
In the result, the Revenue’s appeals in ITA Nos
ITA 1794/CHNY/2016[2010-2011]Status: DisposedITAT Chennai18 Dec 2018AY 2010-2011
Bench: Shri George Mathan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. No. 1650/Chny/2017 "नधा"रण वष"/Assessment Year : 2010-11 Deputy Commissioner Of Income M/S. Sify Technologies Ltd., Tidel Park, 2Nd Floor, Tax, Vs. Large Taxpayer Unit – 1, No.4, Canal Bank Road, Chennai – 600 101. Taramani, Chennai – 600 113. [Pan: Aaacs 9032R] (%&यथ'/Respondent) (अपीलाथ"/Appellant) आयकर अपील सं/.I.T.A. Nos. 1793, 1794 & 1795/Chny/2016 "नधा"रण वष"/Assessment Years : 2009-10, 2010-11 & 2011-12 Joint Commissioner Of Income Tax Vs. M/S. Sify Technologies Ltd., Tidel Park, 2Nd Floor, (Osd), Large Taxpayer Unit – 1, No.4, Canal Bank Road, Chennai – 600 034 Taramani, Chennai – 600 113. [Pan: Aaacs 9032R] (%&यथ'/Respondent) (अपीलाथ"/Appellant)
For Respondent: Shri.Homi Rajvangh, CIT
Section 143(3)Section 194JSection 40
capital in nature and the decision relied by the Commissioner of Income Tax (Appeals) has not attained finality. The ld. Authorised Representative argued on the purpose of issue of ESOP and also the types of expenditure incurred and supported his arguments relying on the Tribunal decision in the case of SSI Ltd (supra). We perused the order of Commissioner
