ACIT CIRCLE 1, TRICHY vs. DALMIA CEMENT BHARAT LTD., DALMIAPURAM

Bench: Ms. Madhumita Roy & Shri Amitabh Shukla, Accountnat Member [Assessment Year: 2013-14] The Assistant Commissioner Of M/S Dalmia Cement Bharat Ltd. Income Tax, Circle-1, Dalmiapuram, Williams Road, Vs Tamilnadu, 621651 Cantonment, Trichy, Tamil Nadu-620001 Pan-Aadca9414C Assessee Revenue Cross Objection No.63/Chny/2018 (Arising Out Of Ita No.3157/Chny2017) [Assessment Year: 2013-14] M/S Dalmia Cement Bharat Ltd. The Assistant Commissioner Of Dalmiapuram, Income Tax, Circle-1, Tamilnadu-621651 Vs Williams Road, Cantonment, Trichy, Tamil Nadu-620001 Pan- Aadca9414C Assessee Revenue [Assessment Year: 2014-15] The Assistant Commissioner Of M/S Dalmia Cement Bharat Ltd. Income Tax, Circle-1, Dalmiapuram, Williams Road, Vs Tamilnadu, 621651 Cantonment, Trichy, Tamil Nadu-620001 Pan-Aadca9414C Assessee Revenue

condone the delay in the appeals of the Revenue and proceed to adjudicate the same. 3. Both the contesting parties have informed that the appeals and the Cross objections in relevant years being AY 2013-14 and 2014-15, hover around common issues and hence for the purposes of convenience were heard and are being adjudicated by this common order

DCIT CORPORATE CIRCLE 2(1), CHENNAI vs. FIXIT PVT. LTD., CHENNAI

In the result, the appeal filed by the Revenue is allowed

Bench: Shri N.R.S. Ganesan & Shri Abraham P.George

Delay is condoned and appeal admitted. 2. Revenue assails an order dated 19.09.2017 of CIT(A)-6, Chennai. Out of the three grounds taken by the Revenue, Ground Nos.1 & 3 are general needing no adjudication. Through its Ground No.2, grievance raised by the Department is on the deletion of an addition for share of loss from two firms, made

DEPUTY COMMISSIONER OF INCOME-TAX, CORPORATE CIRCLE 1(1), CHENNAI vs. ASTROTECH STEELS PRIVATE LIMITED, CHENNAI

The appeal stand dismissed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1150/Chny/2023 (िनधा)रण वष) / Assessment Year: 2018-19) Dcit M/S Astrotech Steels Private Limited बनाम/ Corporate Circle-1(1) 19, Ii Floor, Right Wing, Ghatala Towers, Chennai. Avenue Road, Nungambakkam Vs. Chennai-34. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aakca-0128-L (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri P. Sajit Kumar (Jcit)- Ld. Sr. Dr " थ"कीओरसे/Respondent By : Shri T. Vasudevan (Advocate) -Ld. Ar सुनवाईकीतारीख/Date Of Final Hearing : 27-06-2024 घोषणाकीतारीख /Date Of Pronouncement : 03-07-2024 आदेश / O R D E R

condone the delay and admit the appeal for adjudication on merits. 3. The Ld. Sr. DR, at the outset, referred to the recent judgment of Hon'ble Supreme Court in the case of Pr. CIT Vs Wipro Ltd. (2022) 140 Taxmann.com 223 (SC) as well as other decisions in Checkmate Services P. Ltd Vs. CIT (2022) 143 Taxmann.com

M/S. CHENNAI NOBLE HOSPITALS PVT. LTD.,CHENNAI vs. ITO, CORPORATE WARD-1(3), CHENNAI

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Manu Kumar Giri & Shri Jagadish

32, except clause (iia) of sub-section (1) of the said section, determined in such manner as may be prescribed. (3)The loss and depreciation referred to in clause (ii) and clause (iii) of sub-section (2) shall be deemed to have been given full effect to and no further deduction for such loss or depreciation shall be allowed

TAMIL NADU CRICKET ASSOCIATION,CHENNAI vs. DDIT, CHENNAI

In the result, the assessee’s appeal for assessment year

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.1535, 1536 & 1537/Mds/2014 "नधा"रण वष" / Assessment Years : 2008-09 To 2010-11 M/S Tamil Nadu Cricket Association, The Deputy Director Of No.5, M.A.Chidambaram Stadium, V. Income Tax (Exemptions), Victoria Hostel Road, Chennai - 600 034. Chepauk, Chennai - 600 005. Pan : Aaaat 0398 M (अपीलाथ"/Appellant) (""यथ"/Respondent)

condoning the delay in filing Form 10 of accumulation of income, exemption was allowed under Section 11(2) of the Act. Referring to the order of the Tribunal in the assessee's own case for assessment year 2007-08 in I.T.A. No.1851/Mds/201(1) dated 10.04.2012, the Ld. representative submitted that in the assessee's own case for assessment year

TAMIL NADU CRICKET ASSOCIATION,CHENNAI vs. DDIT, CHENNAI

In the result, the assessee’s appeal for assessment year

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.1535, 1536 & 1537/Mds/2014 "नधा"रण वष" / Assessment Years : 2008-09 To 2010-11 M/S Tamil Nadu Cricket Association, The Deputy Director Of No.5, M.A.Chidambaram Stadium, V. Income Tax (Exemptions), Victoria Hostel Road, Chennai - 600 034. Chepauk, Chennai - 600 005. Pan : Aaaat 0398 M (अपीलाथ"/Appellant) (""यथ"/Respondent)

condoning the delay in filing Form 10 of accumulation of income, exemption was allowed under Section 11(2) of the Act. Referring to the order of the Tribunal in the assessee's own case for assessment year 2007-08 in I.T.A. No.1851/Mds/201(1) dated 10.04.2012, the Ld. representative submitted that in the assessee's own case for assessment year

TAMIL NADU CRICKET ASSOCIATION,CHENNAI vs. DDIT, CHENNAI

In the result, the assessee’s appeal for assessment year

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.1535, 1536 & 1537/Mds/2014 "नधा"रण वष" / Assessment Years : 2008-09 To 2010-11 M/S Tamil Nadu Cricket Association, The Deputy Director Of No.5, M.A.Chidambaram Stadium, V. Income Tax (Exemptions), Victoria Hostel Road, Chennai - 600 034. Chepauk, Chennai - 600 005. Pan : Aaaat 0398 M (अपीलाथ"/Appellant) (""यथ"/Respondent)

condoning the delay in filing Form 10 of accumulation of income, exemption was allowed under Section 11(2) of the Act. Referring to the order of the Tribunal in the assessee's own case for assessment year 2007-08 in I.T.A. No.1851/Mds/201(1) dated 10.04.2012, the Ld. representative submitted that in the assessee's own case for assessment year

CRAFTSMAN AUTOMATION LTD.,COIMBATORE vs. ACIT,CC-2, COIMBATORE

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.177/Chny/2021 िनधा"रण वष"/Assessment Year: 2015-16 Craftsman Automation Ltd., Vs. The Assistant Commissioner Of ‘Senthel Towers’, 4Th Floor, Income Tax, 1078, Avinashi Road, Corporate Circle 2, Coimbatore 641 018. Coimbatore 641 018. [Pan:Aabcc2461K] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri R. Vijayaragahavan, Advocate ""थ" की ओर से/Respondent By : Shri M. Rajan, Cit सुनवाई की तारीख/ Date Of Hearing : 08.03.2023 घोषणा की तारीख /Date Of Pronouncement : 24.03.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Principal Commissioner Of Income Tax-1, Coimbatore, Dated 30.03.2021 Relevant To The Assessment Year 2015-16 Passed Under Section 263 Of The Income Tax Act, 1961 [“Act” In Short].

delay in filing the appeal is condoned and admitted for adjudication. 2 I.T.A. No.177/Chny/21 3. Brief facts of the case are that the assessee filed its return of income for the assessment year 2015-16 on 06.01.2016 declaring total income of ₹. Nil after claiming Chapter VIA deduction under section 80JJAA amounting to ₹.5,81,82,038/- under normal provisions

FOURRTS (INDIA LABS PVT. LTD.,CHENNAI vs. ACIT (OSD) CORPORATE CIRCLE 2, CHENNAI

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

Bench: Shri Mahavir Singh & Shri G. Manjunathaआयकर अपील सं./Ita No.: 1176/Chny/2018 िनधा"रण वष" / Assessment Year: 2014-15 Fourrts (India) Labs Pvt. Ltd., Assistant Commissioner Of Plot No.1, Annai Indira Nagar, V. Income Tax (Osd), Okkiyam Thoraipakkam, Corporate Range -2, Chennai – 600 097. Chennai. [Pan: Aaacf-0467-F] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. R.S. Devaguru, Advocate : Shri. P.M. Senthil Kumar, Jcit ""यथ" क" ओर से/Respondent By सुनवाई क" तारीख/Date Of Hearing : 14.11.2022 घोषणा क" तारीख/Date Of Pronouncement : 18.11.2022 आदेश /O R D E R

delay in filing of appeal is condoned and appeal filed by the assessee is admitted for adjudication. 6. The brief facts of the case are that assessee company is engaged in the business of manufacturing of harmless medicines, filed its return of income for assessment year 2014-15 on 29.11.2014, declaring total income

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

In the result, the appeals filed by Revenue in ITA Nos

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunathaआयकर अपीलसं./Ita Nos. 139, 140 & 117/Chny/2025 ("नधा"रण वष" / Assessment Years: 2013-14, 2014-15 & 2018-19)

condone delay in filing of appeals and admit appeals filed by the Revenue for adjudication. 3. The Revenue has filed the following grounds: Grounds for A.Y. 2013-14 1. The order of the learned Commissioner of Income Tax (Appeals) in ITA. ITBA/NFAC/S/250/24-25/1070249758 (1) dated-11.11.2024 for the Assessment year 2013-14 is erroneous in law, facts and circumstances

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE LTU-1, , CHENNAI vs. CARBORUNDUM UNIVERSAL LIMITED, CHENNAI

In the result, the appeals filed by Revenue in ITA Nos

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunathaआयकर अपीलसं./Ita Nos. 139, 140 & 117/Chny/2025 ("नधा"रण वष" / Assessment Years: 2013-14, 2014-15 & 2018-19)

condone delay in filing of appeals and admit appeals filed by the Revenue for adjudication. 3. The Revenue has filed the following grounds: Grounds for A.Y. 2013-14 1. The order of the learned Commissioner of Income Tax (Appeals) in ITA. ITBA/NFAC/S/250/24-25/1070249758 (1) dated-11.11.2024 for the Assessment year 2013-14 is erroneous in law, facts and circumstances

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

In the result, the appeals filed by Revenue in ITA Nos

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunathaआयकर अपीलसं./Ita Nos. 139, 140 & 117/Chny/2025 ("नधा"रण वष" / Assessment Years: 2013-14, 2014-15 & 2018-19)

condone delay in filing of appeals and admit appeals filed by the Revenue for adjudication. 3. The Revenue has filed the following grounds: Grounds for A.Y. 2013-14 1. The order of the learned Commissioner of Income Tax (Appeals) in ITA. ITBA/NFAC/S/250/24-25/1070249758 (1) dated-11.11.2024 for the Assessment year 2013-14 is erroneous in law, facts and circumstances

DCIT, CORPORATE CIRCLE 2(1), CHENNAI vs. FREINS ENGINEERING LTD., CHENNAI

In the result, both the appeals filed by the Revenue are dismissed

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy

condone the delay of four days in filing the appeal and admit the appeal for hearing. 3. The first common ground raised in both the appeals is that the ld. CIT(A) erred in directing the Assessing Officer to allow the additional depreciation. From the depreciation chart for income tax purpose for both the assessment years, the Assessing Officer noticed

DCIT, CORPORATE CIRCLE 2(1), CHENNAI vs. FREINS ENGINEERING LTD. , CHENNAI

In the result, both the appeals filed by the Revenue are dismissed

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy

condone the delay of four days in filing the appeal and admit the appeal for hearing. 3. The first common ground raised in both the appeals is that the ld. CIT(A) erred in directing the Assessing Officer to allow the additional depreciation. From the depreciation chart for income tax purpose for both the assessment years, the Assessing Officer noticed

JCIT(OSD) CORPORATE CIRCLE 5 (1), , CHENNAI vs. REGEN POWERTECH PRIVATE LIMITED, CHENNAI

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

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.476/Chny/2020 िनधा"रण वष"/Assessment Year: 2014-15 The Joint Commissioner Of Vs. M/S. Regen Powertech Pvt. Ltd., Income Tax, Sivanandam, No. 1, Pulla Avenue, Corporate Circle 5(1), Shenoy Nagar, Chennai 600 030. Chennai 600 034. [Pan:Aadcr5531M] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.570/Chny/2021 िनधा"रण वष"/Assessment Year: 2014-15 M/S. Regen Powertech Pvt. Ltd., Vs. The Deputy Commissioner Of Sivanandam, No. 1, Pulla Avenue, Income Tax, Corporate Circle 5(1), Shenoy Nagar, Chennai 600 030. Chennai 600 034. (अपीलाथ"/Appellant) (""थ"/Respondent) Department By : Shri R. Venkateswara Reddy, Cit Assessee By : Shri B. Ramakrishnan, Fca सुनवाई की तारीख/ Date Of Hearing : 09.05.2022 घोषणा की तारीख /Date Of Pronouncement : 15.07.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Revenue & The Assessee Are Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 3, Chennai, Dated 16.12.2019 For The Assessment Year 2014-

delay in filing the appeal is condoned and admitted the appeal for adjudication. 7. The first effective ground raised in the appeal of the assessee relates to confirmation of disallowance of depreciation claimed under section 32 of the Act amounting to ₹.20,48,31,501/-. In the assessment order, the Assessing Officer has noted that the assessee has claimed

REGAN POWERTECH PVT LTD,CHENNAI vs. DCIT,CC-5(1), CHENNAI

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

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.476/Chny/2020 िनधा"रण वष"/Assessment Year: 2014-15 The Joint Commissioner Of Vs. M/S. Regen Powertech Pvt. Ltd., Income Tax, Sivanandam, No. 1, Pulla Avenue, Corporate Circle 5(1), Shenoy Nagar, Chennai 600 030. Chennai 600 034. [Pan:Aadcr5531M] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.570/Chny/2021 िनधा"रण वष"/Assessment Year: 2014-15 M/S. Regen Powertech Pvt. Ltd., Vs. The Deputy Commissioner Of Sivanandam, No. 1, Pulla Avenue, Income Tax, Corporate Circle 5(1), Shenoy Nagar, Chennai 600 030. Chennai 600 034. (अपीलाथ"/Appellant) (""थ"/Respondent) Department By : Shri R. Venkateswara Reddy, Cit Assessee By : Shri B. Ramakrishnan, Fca सुनवाई की तारीख/ Date Of Hearing : 09.05.2022 घोषणा की तारीख /Date Of Pronouncement : 15.07.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Revenue & The Assessee Are Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 3, Chennai, Dated 16.12.2019 For The Assessment Year 2014-

delay in filing the appeal is condoned and admitted the appeal for adjudication. 7. The first effective ground raised in the appeal of the assessee relates to confirmation of disallowance of depreciation claimed under section 32 of the Act amounting to ₹.20,48,31,501/-. In the assessment order, the Assessing Officer has noted that the assessee has claimed

EURO SHOES COMPONENTS LTD,VELLORE vs. ACIT , VELLORE

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

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.1595 & 1596/Chny/2018 "नधा"रण वष" / Assessment Years : 2013-14 & 2014-15 M/S Euro Shoe Components Ltd., The Assistant Commissioner Of No.478/30A, Coromandal Road, V. Income Tax, Sipcot, Ranipet – 632 403. Circle – 1, Vellore. Pan : Aabce 4723 G (अपीलाथ"/Appellant) (""यथ"/Respondent)

condone the delay and admit both the appeals. 3. The first ground of appeal is with regard to reversal of excess depreciation and disallowance made under Section 40(a)(ia) of the Income-tax Act, 1961 (in short 'the Act'). 4. Shri A. Mahesh, the Ld. representative for the assessee, submitted that in the course of assessment proceeding, the assessee

EURO SHOES COMPONENTS LTD,VELLORE vs. ACIT , VELLORE

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

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.1595 & 1596/Chny/2018 "नधा"रण वष" / Assessment Years : 2013-14 & 2014-15 M/S Euro Shoe Components Ltd., The Assistant Commissioner Of No.478/30A, Coromandal Road, V. Income Tax, Sipcot, Ranipet – 632 403. Circle – 1, Vellore. Pan : Aabce 4723 G (अपीलाथ"/Appellant) (""यथ"/Respondent)

condone the delay and admit both the appeals. 3. The first ground of appeal is with regard to reversal of excess depreciation and disallowance made under Section 40(a)(ia) of the Income-tax Act, 1961 (in short 'the Act'). 4. Shri A. Mahesh, the Ld. representative for the assessee, submitted that in the course of assessment proceeding, the assessee