TITAN COMPANY LIMITED,HOSUR vs. ASSISTANT COMMISSIONER OF INCOME TAX - LTU 2 (IC), CHENNAI
In the result the appeal raised by the assessee is partly allowed
ITA 1742/CHNY/2024[2011- 12]Status: DisposedITAT Chennai04 Dec 2024
Bench: Shri Ss Viswanethra Ravi & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1742/Chny/2024 निर्धारण वर्ा /Assessment Years: 2011-12 Titan Company Limited, Assistant Commissioner Of No.3, Sipcot Industrial Complex, Income Tax, Hosur, Krishnagiri, Ltu-2, Tamil Nadu-635126 Chennai [Pan: Aaact5131A] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) : Shri Abhay Kumar, C.A अपीलार्थी की ओर से/ Assessee By : Ms.Komali Krishna, Cit प्रत्यर्थी की ओर से /Revenue By सुनवाई की तारीख/Date Of Hearing : 10.09.2024 घोषणा की तारीख /Date Of Pronouncement : 04.12.2024
For Appellant: Ms.Komali Krishna, CIT
Section 147Section 250Section 80Section 80C(2)(a)Section 80I
80I(6) is pari materia to section 80IA(5)], as discussed in following paragraphs.
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7.6 The appellant in its submissions dated 12.03.2024 has further relied upon the decision of the Hon'ble ITAT, Chennai in the case of ACIT Vs. TVS Motor
Company Ltd. (ITA No. 1782/Chny/2012) (Order dated 13.04.2022) whereby the Tribunal allowed the claim of the assessee
