M/S. AMBATTUR DEVELOPERS PVT. LTD.,CHENNAI vs. ITO, CORPORATE WARD-1(1), CHENNAI

In the result the appeal of the assessee is allowed

Section 56(2)(viib) is to prevent unlawful gains by issuing\ncompany in the garb of capital receipts. In the instant

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI vs. AATHMIKA HOLDINGS PVT LTD, CHENNAI

In the result, the appeal of the Revenue stand dismissed and the

Bench: Shri Aby T. Varkey & Shri Jagadish

viib) r.w Rule 11UA(2), which gives more than one option regarding the method of valuation, however for the purposes of Section 56(2)(x), the only method which has to be applied and followed by the assessee as well as the Revenue is only the FMV methodology based on the asset approach as set out in Rule 11UA

GATEWAY OFFICE PARKS PRIOVATE LIMITEDI,CHENNAI vs. ACIT, CORPORATE CICLE-6(1), CHENNAI

In the result, the appeal of the assessee is partly allowed

Section 56(2)(viib) is to prevent unlawful gains\nby issuing company in the garb of capital receipts. In the instant

M/S SHRIRAM PROPERTIES LIMITED,CHENNAI vs. PCIT-CENTRAL1, CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 431/Chny/2022 िनधा"रण वष" / Assessment Year: 2017-18

capital in the impugned assessment year and thus, the question of receipt of security premium does not arise. Thus, there is no question of application of provisions of section 56(2)(viib) of the Act. This fact has been explained to the :-43-: ITA. No: 431/Chny/2022 PCIT, however, he has misunderstood the facts merely for the reason that there

LIFECELL INTERNATIONAL PVT LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, appeal filed by the assessee is dismissed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.: 3334/Chny/2019 िनधा"रण वष" / Assessment Year: 2016-17 M/S. Lifecell International Assistant Commissioner Of Private Ltd., V. Income Tax, No. 26, Vandalur Corporate Circle 4(1), Kelambakkam Main Road, Chennai. Keelakkottaiyur, Chennai. [Pan: Aaeca-7997-B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Ajith Kumar Choradia, Ca ""यथ" क" ओर से/Respondent By : Shri. S. Senthil Kumaran, Cit सुनवाई की तारीख/Date Of Hearing : 23.11.2022 घोषणा की तारीख/Date Of Pronouncement : 04.01.2023 आदेश /O R D E R

capital expenditure disallowed under section 35(2AB) under the provisions of Section 35(l)(iv) read with Section 35(2)(ia) of the Act. In connection with computation of tax: 23. The CIT(A) failed to note that the Appellant was entitled to credit of tax paid u/s 115JAA of the Act which was not provided

M/S. THIRUVALLUVAR TEXTILES PVT. LTD.,RASIPURAM vs. ACIT, CENTRAL CIRCLE-1(1), CHENNAI

In the result, the appeal of the assessee is allowed for A

Bench: Shri George George K & Shri S.R.Raghunatha

56(2)(viib)(Rs.) 1 2013-14 4,91,89,563 - 2 2014-15 13,76,59,938 31,04,80,000 3 2016-17 5,09,00,686 - 4 2017-18 3,53,70,007 - 9. Aggrieved by the order of the ld.CIT(A), the assessee is in appeal before us for all the four (supra) assessment years

M/S.THIRUVALLUVAR TEXTILES PVT. LTD.,RASIPURAM vs. ACIT, CENTRAL CIRCLE-1(1), CHENNAI

In the result, the appeal of the assessee is allowed for A

Bench: Shri George George K & Shri S.R.Raghunatha

56(2)(viib)(Rs.) 1 2013-14 4,91,89,563 - 2 2014-15 13,76,59,938 31,04,80,000 3 2016-17 5,09,00,686 - 4 2017-18 3,53,70,007 - 9. Aggrieved by the order of the ld.CIT(A), the assessee is in appeal before us for all the four (supra) assessment years

M/S. THIRUVALLUVAR TEXTILES PVT. LTD.,RASIPURAM vs. ACIT, CENTRAL CIRCLE-1(1), CHENNAI

In the result, the appeal of the assessee is allowed for A

Bench: Shri George George K & Shri S.R.Raghunatha

56(2)(viib)(Rs.) 1 2013-14 4,91,89,563 - 2 2014-15 13,76,59,938 31,04,80,000 3 2016-17 5,09,00,686 - 4 2017-18 3,53,70,007 - 9. Aggrieved by the order of the ld.CIT(A), the assessee is in appeal before us for all the four (supra) assessment years

M/S. THIRUVALLUVAR TEXTILES PVT. LTD.,RASIPURAM vs. ACIT, CENTRAL CIRCLE-1(1), CHENNAI

In the result, the appeal of the assessee is allowed for A

Bench: Shri George George K & Shri S.R.Raghunatha

56(2)(viib)(Rs.) 1 2013-14 4,91,89,563 - 2 2014-15 13,76,59,938 31,04,80,000 3 2016-17 5,09,00,686 - 4 2017-18 3,53,70,007 - 9. Aggrieved by the order of the ld.CIT(A), the assessee is in appeal before us for all the four (supra) assessment years