SHRIRAM OWNERSHIP TRUST,CHENNAI vs. DCIT, CHENNAI

In the result, the appeals of the assessee for both

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos. 406 & 407/Mds/2017 "नधा"रण वष" /Assessment Years : 2013-2014 & 2014-2015. Shriram Ownership Trust, Vs. The Deputy Commissioner Of No.4, Shriram House, I Floor, Income Tax, Burkit Road, T. Nagar, Non Corporate Circle 2, Chennai 600 017. Chennai 600 034. [Pan Aagts 2243H] (अपीलाथ"/Appellant) (""यथ"/Respondent)

8D of the Income Tax Rules, 1962 (in short ‘’the Rules’’). Latter issue appears in assessee’s appeal for assessment year 2013-2014 also. 3. had filed its return of income for the impugned assessment year disclosing income of "107,72,76,893/-. It seems that the return was initially taken up for complete scrutiny which was later modified

CARBORUNDUM UNIVERSAL LIMITED,CHENNAI vs. ACIT LTU-1, CHENNAI

In the result, appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Manu Kumar Giri & Shri Amitabh Shukla

2. The Appellant relies on following decisions: Ashok Leyland Ltd. v DCIT (IT No.361 &362/CHNY /2024 dated 25. 9.24) Sundaram Fasteners v ACIT (IT (TP) A Nos.32&33/Chny/2021 dated 8.11.24) ACIT vs. Crompton Greaves Ltd. 111 taxmann.com 338 (Mumbai - Trib.) 10.3 The learned counsel for the assessee, by relying upon the decision of the ITAT., Mumbai Benches of the Tribunal

CARBORUNDUM UNIVERSAL LIMITED,CHENNAI vs. ACIT LTU-1, CHENNAI

In the result, appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Manu Kumar Giri & Shri Amitabh Shukla

2. The Appellant relies on following decisions: Ashok Leyland Ltd. v DCIT (IT No.361 &362/CHNY /2024 dated 25. 9.24) Sundaram Fasteners v ACIT (IT (TP) A Nos.32&33/Chny/2021 dated 8.11.24) ACIT vs. Crompton Greaves Ltd. 111 taxmann.com 338 (Mumbai - Trib.) 10.3 The learned counsel for the assessee, by relying upon the decision of the ITAT., Mumbai Benches of the Tribunal

CARBORUNDUM UNIVERSAL LIMITED,CHENNAI vs. ACIT LTU-1, CHENNAI

In the result, appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Manu Kumar Giri & Shri Amitabh Shukla

2. The Appellant relies on following decisions: Ashok Leyland Ltd. v DCIT (IT No.361 &362/CHNY /2024 dated 25. 9.24) Sundaram Fasteners v ACIT (IT (TP) A Nos.32&33/Chny/2021 dated 8.11.24) ACIT vs. Crompton Greaves Ltd. 111 taxmann.com 338 (Mumbai - Trib.) 10.3 The learned counsel for the assessee, by relying upon the decision of the ITAT., Mumbai Benches of the Tribunal

DEPUTY COMMISSIONER OF INCOME TAX, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

8D made by him. These facts are akin to the case of Pragati Krishna Gramin Bank (supra) decided by Karnataka High Court. The legal position, as interpreted above by various judgments and again reiterated by us in ITA Nos.1402 & 1663/Chny/2024 (AY 2019-20) M/s. Ashok Leyland Ltd. :: 15 :: this judgment, remains that the disallowance of expenditure incurred to earn exempted

ASHOK LEYLAND LIMITED,CHENNAI vs. DCIT NON CORP CIRCLE 8(1) LTU - II, CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1402/Chny/2024 निर्धारण वर्ष/Assessment Year: 2019-20 M/S. Ashok Leyland Ltd., No.1, Sardar Patel Road, Guindy, Chennai-600 032. [Pan: Aaaса 4651 L] (अपीलार्थी/Appellant) V. The Dcit, Ncc-8(1), Ltu-Ii, Chennai. (प्रत्यर्थी/Respondent) आयकर अपील सं./Ita No.1663/Chny/2024 निर्धारण वर्ष/Assessment Year: 2019-20 The Dcit, Ncc-8, Chennai. (अपीलार्थी/Appellant) V. M/S. Ashok Leyland Ltd., No.1, Sardar Patel Road, Guindy, Chennai-600 032. [Pan: Aaaса 4651 L] (प्रत्यर्थी/Respondent) Assessee By : Mr.R. Vijayaraghavan, Advocate Department By : Ms.Ann Marry Baby, Cit सुनवाईकीतारीख/Date Of Hearing : 04.06.2025 घोषणाकीतारीख /Date Of Pronouncement : 07.07.2025 आदेश / Order Per Aby T. Varkey, Jm: These Are Cross-Appeals Preferred By The Assessee As Well As The Revenue Against The Order Of The Learned Commissioner Of Income Tax

8D made by him. These facts are akin to the case of Pragati Krishna Gramin Bank (supra) decided by Karnataka High Court. The legal position, as interpreted above by various judgments and again reiterated by us in ITA Nos.1402 & 1663/Chny/2024 (AY 2019-20) M/s. Ashok Leyland Ltd. :: 14 :: this judgment, remains that the disallowance of expenditure incurred to earn exempted