AADARSH SURANA, CHENNAI,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI, CHENNAI

In the result, the appeal of the assessee is allowed

gain of Rs.93,63,20,420/- arising from business succession is exempt from tax u/s 47(xiv) of the Act, and hence the provisions of section 68 are inapplicable to such amount. 4. That the Ld.CIT(A) has erred in law and on facts in upholding the action of the Assessing Officer in invoking section 68 of the Act, despite

SREEDHARAN VIJAYAKUMAR ,CHENNAI vs. ITO INTERNATIIONAL TAXATION 2(2) , CHENNAI

In the result the appeal of the assessee is allowed for statistical purpose as indicated herein above

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

546/- with in the time limit prescribed U/s.54F of the Act, and merely a portion of the balance sale proceeds was not deposited in the capital gain scheme account within the due date of filing of return U/s.139(1) of the Act which is only a small technical breach. However the Ld.AO rejected the contention of the assessee and computed

CHEYUR RAMAKRISHNAN,CHENNAI vs. ITO, BUSINESS WARD - 2(3), CHENNAI

In the result, the appeal of the assessee in ITA No

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.334/Chny/2024. (िनधा"रणवष" / Assessment Year: 2007-2008) Cheyur Ramakrishnan Rajkumar, Vs. The Income Tax Officer, No.7/4, Meenakshi P.S Business Ward Ii(3) Sivasamy Road, Chennai. Mylapore, Chennai 600 004. [Pan: Accpr 4434P] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri. R. Subramanian, C.A., ""यथ" क" ओर से /Respondent By : Shri. Arv Srinivasan, Irs, Addl.Cit. सुनवाई क" तार"ख/Date Of Hearing : 19.06.2024 घोषणा क" तार"ख /Date Of Pronouncement : 27.08.2024 आदेश / O R D E R Per Manu Kumar Giri ()

Capital Gains had escaped Assessment. Subsequently Notices u/s 143(2) and 142(1) were issued in the years 2012 and 2014 respectively. 03. The detailed objections filed by the Appellant/Assessee were rejected by the Assessing Officer ( AO) who proceeded to complete the Assessment b/s 143(3) read with 147 on 30th March 2014 determining a Taxable Income of Rs.2

BANCA SELLA S.P.A. CHENNAI BRANCH (IT DIVISION),CHENNAI vs. DCIT, CHENNAI

In the result, the appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri G. Pavan Kumarआयकर अपील सं./I.T.A. No.398/Mds/2015 "नधा"रण वष" /Assessment Year : 2010-2011

546/- as computed by the ld. TPO vide order ITA Nos.398, 417, 557/Mds/15 :- 6 -: And C.O.No.45/Mds/2015 dated 28.01.2014 and further as dealt in para 3.3 above as the per directions of the ld. DRP, the ld. Assessing Officer considered the entire sale consideration of "49,98,97,967/- assessed under the head Capital Gains as per the provisions

DCIT, CHENNAI vs. SELLA SYNERGY INDIA PVT LTD., CHENNAI

In the result, the appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri G. Pavan Kumarआयकर अपील सं./I.T.A. No.398/Mds/2015 "नधा"रण वष" /Assessment Year : 2010-2011

546/- as computed by the ld. TPO vide order ITA Nos.398, 417, 557/Mds/15 :- 6 -: And C.O.No.45/Mds/2015 dated 28.01.2014 and further as dealt in para 3.3 above as the per directions of the ld. DRP, the ld. Assessing Officer considered the entire sale consideration of "49,98,97,967/- assessed under the head Capital Gains as per the provisions

SELLA SYNERGY INDIA PVT. LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri G. Pavan Kumarआयकर अपील सं./I.T.A. No.398/Mds/2015 "नधा"रण वष" /Assessment Year : 2010-2011

546/- as computed by the ld. TPO vide order ITA Nos.398, 417, 557/Mds/15 :- 6 -: And C.O.No.45/Mds/2015 dated 28.01.2014 and further as dealt in para 3.3 above as the per directions of the ld. DRP, the ld. Assessing Officer considered the entire sale consideration of "49,98,97,967/- assessed under the head Capital Gains as per the provisions

R N ANANDAKUMAR,CHENNAI vs. ACIT, CORP CIR 3(1), CHENNAI

In the result, both the appeals of the assessee are allowed for statistical purpose

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

546 & 2325/CHNY/2019 5. We have heard rival contentions and gone through facts and circumstance of the case. We have gone through income tax return filed by the assessee for assessment year 2007-08. We noticed that no doubt the assessee has computed tax rate on long term capital gain arising out of sale of listed securities @ 20%, which

R N ANANDAKUMAR,CHENNAI vs. ACIT, CORP CIR 3(1), CHENNAI

In the result, both the appeals of the assessee are allowed for statistical purpose

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

546 & 2325/CHNY/2019 5. We have heard rival contentions and gone through facts and circumstance of the case. We have gone through income tax return filed by the assessee for assessment year 2007-08. We noticed that no doubt the assessee has computed tax rate on long term capital gain arising out of sale of listed securities @ 20%, which

DCIT, CHENNAI vs. M/S. ALLIANZ BIOSCIENCES PVT. LTD., CHENNAI

In the result appeals of the Revenue for both the relevant assessment years 2009-10 & 2010-11 are partly allowed for statistical purposes as indicated herein above

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

546) the Supreme Court held that the process of transforming the blank or compact disc if to software loaded disc amounts to manufacture . While in CIT vs. Empee Poly-yarn Pvt. Ltd (320 ITR 665), the Supreme Court held that twisting and texturising of partially oriented yarn by thermo mechanical process which converts it into a texturised yarn amounts

DCIT, CHENNAI vs. M/S. ALLIANZ BIOSCIENCES PVT. LTD., CHENNAI

In the result appeals of the Revenue for both the relevant assessment years 2009-10 & 2010-11 are partly allowed for statistical purposes as indicated herein above

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

546) the Supreme Court held that the process of transforming the blank or compact disc if to software loaded disc amounts to manufacture . While in CIT vs. Empee Poly-yarn Pvt. Ltd (320 ITR 665), the Supreme Court held that twisting and texturising of partially oriented yarn by thermo mechanical process which converts it into a texturised yarn amounts

ACIT, CORPORATE CIRCLE-3(1), CHENNAI vs. M/S TVS MOTOR COMPANY LIMITED, CHENNAI

In the result the appeal of the Revenue is dismissed

Bench: Shri Mahavir Singh & Shri Amitabh Shuklaआयकर अपील िं./Ita No. 06/Chny/2023 निर्धारण वर्ा /Assessment Year: 2016-17. The Asst. Commissioner Of M/S. Tvs Motor Company Ltd., Income Tax, Vs. Chaitanya, No.12, Corporate Circle-3(1), Khader Nawaz Khan Road, Chennai. Nungambakkam, Chennai – 600 006. [Pan: Aaacs7032B] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलधर्थी की ओर से/ Assessee By : Shri Vikaram Vijayaraghavan, Advocate प्रत्यर्थी की ओर से /Revenue By : Shri A. Sasikumar, Cit ुनवाई की तारीख/Date Of Hearing : 01.05.2024 घोषणा की तारीख /Date Of Pronouncement : 29.05.2024 आदेश / O R D E R

546/-, it is seen that the AO had taken the average value of investment at the beginning of the year and at the end of the year and took 0.5% of disallowance under Rule 8D(2)(iii). The appellant is challenging the disallowance on the reasoning that in reckoning the amount of investment, the AO had taken the total investment

P. KARUNANITHI,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

546, holds as follows; 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression reason to believe", and the continued use of that expression r reason to believe", and the continued use of that expression r reason to believe

M. VELUSAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

546, holds as follows; 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression reason to believe", and the continued use of that expression r reason to believe", and the continued use of that expression r reason to believe

P. NALLUSAMY,KARUR vs. ITO, WARD-1, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

546, holds as follows; 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression reason to believe", and the continued use of that expression r reason to believe", and the continued use of that expression r reason to believe

RAMASAMY PALANISAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

546, holds as follows; 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression reason to believe", and the continued use of that expression r reason to believe", and the continued use of that expression r reason to believe

K. BASKAR,KARUR vs. ITO, WARD-1, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

546, holds as follows; 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression reason to believe", and the continued use of that expression r reason to believe", and the continued use of that expression r reason to believe

R.EASWARAMOORTHY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

546, holds as follows; 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression reason to believe", and the continued use of that expression r reason to believe", and the continued use of that expression r reason to believe

K. SADASIVAM,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

546, holds as follows; 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression reason to believe", and the continued use of that expression r reason to believe", and the continued use of that expression r reason to believe

RAMASAMY PALANISAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

546, holds as follows; 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression 'Having regard to the judicial interpretation placed upon the expression reason to believe", and the continued use of that expression r reason to believe", and the continued use of that expression r reason to believe