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\nfor statistical purposes

2) is\napplicable to the year under consideration or not and to decide the\nsaid issue in accordance with law. This ground is allowed for\nstatistical purposes.\n8.\nThe next ground raised by the assessee is in regard to\nentitlement of depreciation @ 60% on UPS, printers and routers etc.\nwhich form an integral part of computer system.\n8.1

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 (Judicial Member), SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No.1402/Chny/2024\nनिर्धारण वर्ष/Assessment Year: 2019-20\nM/s. Ashok Leyland Ltd.,\nNo.1, Sardar Patel Road,\nGuindy, Chennai-600 032.\n[PAN: AAAСА 4651 L]\n(अपीलार्थी/Appellant)\nv.\nThe DCIT,\nNCC-8(1),\nLTU-II,\nChennai.\n(प्रत्यर्थी/Respondent)\nआयकर अपील सं./ITA No.1663/Chny/2024\nनिर्धारण वर्ष/Assessment Year: 2019-20\nThe DCIT,\nNCC-8,\nChennai.\n(अपीलार्थी/Appellant)\nv.\nM/s. Ashok Leyl

8D\nmade by him. These facts are akin to the case of Pragati Krishna Gramin\nBank (supra) decided by Karnataka High Court. The legal position, as\ninterpreted above by various judgments and again reiterated by us in\nITA Nos.1402 & 1663/Chny/2024 (AY 2019-20)\nM/s. Ashok Leyland Ltd.\n:: 14 ::\nthis judgment, remains that the disallowance of expenditure incurred to\nearn