ACIT, CORPORATE CIRCLE 1(1), CHENNAI vs. CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED (FORMERLY FUTURE SOFT PRIVATE LIMITED), CHENNAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunathaआयकर अपील सं./Ita No.420/Chny/2024 िनधा"रण वष"/Assessment Year: 2006-07 V. The Acit, Capgemini Technology Corporate Circle-1(1), Services India Ltd., Block 3, ‘C’ Wing, 4Th Floor, Chennai. Capgemini Knowledge Park, Airoli Knowledge Park, Thane Belapur Road, Navi Mumbai- 400 708. [Pan: Aaacf 0482 E] (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 10B (8) is an exemption provision which cannot be compared with claiming an additional depreciation under section 32(1) (ii-a) of the Act. As per the settled

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

section 10B (8) is an exemption provision which cannot be compared with claiming an additional depreciation under section 32(1) (ii-a) of the Act. As per the settled

M/S. STANADYNE INDIA PVT. LTD.,TIRUVALLUR vs. ACIT, CC-IV(4), CHENNA

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

depreciation before allowing deduction\nunder Section 10B of the Act.\n2.1 The CIT(A) erred in setting off the unabsorbed

ACIT, CHENNAI vs. CORNET TECHNOLOGY (INDIA) PVT LTD., KANCHEEPURAM

In the result, appeals filed by the revenue for all three assessment years are dismissed

Bench: Shri Mahavir Singh & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 3381, 3382 & 3383/Chny/2019 िनधा"रण वष" / Assessment Years: 2006-07, 2010-11 & 2011-12 Assistant Commissioner Of M/S. Cornet Technologies Income Tax, V. (India) Pvt. Ltd., Corporate Circle -1(2), “A” Wing, Ii Floor, New Plot No. Chennai – 600 034. 10, A-16, Sipcot Information Technology Park, Padur Post, Siruseri, Kanchipuram – 603 103. [Pan: Aabcc-5184-B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Ar V Sreenivasan, Addl. Cit ""यथ" क" ओर से/Respondent By : Shri. P.V. Krishnamani, Ca सुनवाई क" तारीख/Date Of Hearing : 04.01.2023 घोषणा क" तारीख/Date Of Pronouncement : 11.01.2023

10B on export profit of EOU has to be computed after setting off carried forward unabsorbed depreciation as provided u/s. 32(2). Further, in the case of 2Himatasingike Seide Ltd vs CIT [2006], the Hon'ble Karnataka High Court has held that, unabsorbed depreciation brought forward should be set off against the total income before claiming deduction under section

ACIT, CHENNAI vs. CORNET TECHNOLOGY (INDIA) PVT LTD., KANCHEEPURAM

In the result, appeals filed by the revenue for all three assessment years are dismissed

Bench: Shri Mahavir Singh & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 3381, 3382 & 3383/Chny/2019 िनधा"रण वष" / Assessment Years: 2006-07, 2010-11 & 2011-12 Assistant Commissioner Of M/S. Cornet Technologies Income Tax, V. (India) Pvt. Ltd., Corporate Circle -1(2), “A” Wing, Ii Floor, New Plot No. Chennai – 600 034. 10, A-16, Sipcot Information Technology Park, Padur Post, Siruseri, Kanchipuram – 603 103. [Pan: Aabcc-5184-B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Ar V Sreenivasan, Addl. Cit ""यथ" क" ओर से/Respondent By : Shri. P.V. Krishnamani, Ca सुनवाई क" तारीख/Date Of Hearing : 04.01.2023 घोषणा क" तारीख/Date Of Pronouncement : 11.01.2023

10B on export profit of EOU has to be computed after setting off carried forward unabsorbed depreciation as provided u/s. 32(2). Further, in the case of 2Himatasingike Seide Ltd vs CIT [2006], the Hon'ble Karnataka High Court has held that, unabsorbed depreciation brought forward should be set off against the total income before claiming deduction under section

ACIT, CHENNAI vs. CORNET TECHNOLOGY (INDIA) PVT LTD., KANCHEEPURAM

In the result, appeals filed by the revenue for all three assessment years are dismissed

Bench: Shri Mahavir Singh & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 3381, 3382 & 3383/Chny/2019 िनधा"रण वष" / Assessment Years: 2006-07, 2010-11 & 2011-12 Assistant Commissioner Of M/S. Cornet Technologies Income Tax, V. (India) Pvt. Ltd., Corporate Circle -1(2), “A” Wing, Ii Floor, New Plot No. Chennai – 600 034. 10, A-16, Sipcot Information Technology Park, Padur Post, Siruseri, Kanchipuram – 603 103. [Pan: Aabcc-5184-B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Ar V Sreenivasan, Addl. Cit ""यथ" क" ओर से/Respondent By : Shri. P.V. Krishnamani, Ca सुनवाई क" तारीख/Date Of Hearing : 04.01.2023 घोषणा क" तारीख/Date Of Pronouncement : 11.01.2023

10B on export profit of EOU has to be computed after setting off carried forward unabsorbed depreciation as provided u/s. 32(2). Further, in the case of 2Himatasingike Seide Ltd vs CIT [2006], the Hon'ble Karnataka High Court has held that, unabsorbed depreciation brought forward should be set off against the total income before claiming deduction under section

DCIT CIRCLE-15 (3)(1), MUMBAI vs. M/S. SHASUN PHARMACEUTICALS LTD NOW KNOW AS STRIDES PHARMA SCIENCE LTD, CHENNAI

In the result, the appeals of assessee for A

Bench: Shri Ss Viswanethra Ravi & Shri Jagadishआयकर अपील सं./Ita No.2380/Chny/2018 िनधा9रण वष9 /Assessment Year: 2009-10 M/S. Shasun Pharmaceuticals Ltd., The Dy. Commissioner Of (Merged With M/S. Strides Shasun Vs. Income Tax, Ltd., Now Known As Strides Pharma Non Corporate Circle-6(1), Science Ltd.,) Chennai. No.28, Batra Centre, Sardar Patel Road, Guindy, Chennai – 600 032. [Pan: Aadcs 8104P] (अपीलाथ"/Appellant) (""यथ"/Respondent)

section 10B. We, accordingly confirm the order of Ld. CIT(A). In light of the above, the appeal of Revenue for A.Y 2009-10 is dismissed. Assessee’s Appeal in ITA No.2335/Chny/2019 for A.Y 2010-11: 7. Grounds No.2 & 3 relates to the claim of depreciation

SHASUN PHARMACEUTICALS LTD.,CHENNAI vs. DCIT CORPORATE CIRCLE 6(1), CHENNAI

In the result, the appeals of assessee for A

Bench: Shri Ss Viswanethra Ravi & Shri Jagadishआयकर अपील सं./Ita No.2380/Chny/2018 िनधा9रण वष9 /Assessment Year: 2009-10 M/S. Shasun Pharmaceuticals Ltd., The Dy. Commissioner Of (Merged With M/S. Strides Shasun Vs. Income Tax, Ltd., Now Known As Strides Pharma Non Corporate Circle-6(1), Science Ltd.,) Chennai. No.28, Batra Centre, Sardar Patel Road, Guindy, Chennai – 600 032. [Pan: Aadcs 8104P] (अपीलाथ"/Appellant) (""यथ"/Respondent)

section 10B. We, accordingly confirm the order of Ld. CIT(A). In light of the above, the appeal of Revenue for A.Y 2009-10 is dismissed. Assessee’s Appeal in ITA No.2335/Chny/2019 for A.Y 2010-11: 7. Grounds No.2 & 3 relates to the claim of depreciation

STRIDES PHARMA SCIENCE LTD.,MUMBAI vs. DCIT, CC - 6 (2), CHENNAI

In the result, the appeals of assessee for A

Bench: Shri Ss Viswanethra Ravi & Shri Jagadishआयकर अपील सं./Ita No.2380/Chny/2018 िनधा9रण वष9 /Assessment Year: 2009-10 M/S. Shasun Pharmaceuticals Ltd., The Dy. Commissioner Of (Merged With M/S. Strides Shasun Vs. Income Tax, Ltd., Now Known As Strides Pharma Non Corporate Circle-6(1), Science Ltd.,) Chennai. No.28, Batra Centre, Sardar Patel Road, Guindy, Chennai – 600 032. [Pan: Aadcs 8104P] (अपीलाथ"/Appellant) (""यथ"/Respondent)

section 10B. We, accordingly confirm the order of Ld. CIT(A). In light of the above, the appeal of Revenue for A.Y 2009-10 is dismissed. Assessee’s Appeal in ITA No.2335/Chny/2019 for A.Y 2010-11: 7. Grounds No.2 & 3 relates to the claim of depreciation

DCIT-15(3)(2), CHENNAI vs. M/S.SHASUN PHARMACEUTICALS PRIVATE LIMITED (MERGED WITH STRIDES SHASUN LIMITED), CHENNAI

In the result, the appeals of assessee for A

Bench: Shri Ss Viswanethra Ravi & Shri Jagadishआयकर अपील सं./Ita No.2380/Chny/2018 िनधा9रण वष9 /Assessment Year: 2009-10 M/S. Shasun Pharmaceuticals Ltd., The Dy. Commissioner Of (Merged With M/S. Strides Shasun Vs. Income Tax, Ltd., Now Known As Strides Pharma Non Corporate Circle-6(1), Science Ltd.,) Chennai. No.28, Batra Centre, Sardar Patel Road, Guindy, Chennai – 600 032. [Pan: Aadcs 8104P] (अपीलाथ"/Appellant) (""यथ"/Respondent)

section 10B. We, accordingly confirm the order of Ld. CIT(A). In light of the above, the appeal of Revenue for A.Y 2009-10 is dismissed. Assessee’s Appeal in ITA No.2335/Chny/2019 for A.Y 2010-11: 7. Grounds No.2 & 3 relates to the claim of depreciation

STRIDES PHARMA SCIENCE LIMITED,NAVI MUMBAI vs. DCIT CORPORATE CIRCLE 6(2), CHENNAI

In the result, the appeals of assessee for A

Bench: Shri Ss Viswanethra Ravi & Shri Jagadishआयकर अपील सं./Ita No.2380/Chny/2018 िनधा9रण वष9 /Assessment Year: 2009-10 M/S. Shasun Pharmaceuticals Ltd., The Dy. Commissioner Of (Merged With M/S. Strides Shasun Vs. Income Tax, Ltd., Now Known As Strides Pharma Non Corporate Circle-6(1), Science Ltd.,) Chennai. No.28, Batra Centre, Sardar Patel Road, Guindy, Chennai – 600 032. [Pan: Aadcs 8104P] (अपीलाथ"/Appellant) (""यथ"/Respondent)

section 10B. We, accordingly confirm the order of Ld. CIT(A). In light of the above, the appeal of Revenue for A.Y 2009-10 is dismissed. Assessee’s Appeal in ITA No.2335/Chny/2019 for A.Y 2010-11: 7. Grounds No.2 & 3 relates to the claim of depreciation

ACIT, CHENNAI vs. M/S. TVS MOTOR COMPANY LIMITED, CHENNAI

In the result, appeal of the revenue is dismissed

Bench: S/Shri Shri Chandra Mohan Garg, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaassessment Year : 2008-09 The The Asst. Asst. Commissioner Commissioner Of Of Vs. M/S. Tvs Motor Company Ltd., M/S. Tvs Motor Company Ltd., Income Tax, Company Circle Income Tax, Company Circle- Jayalakshmi Estates, 29 (Old Jayalakshmi Estates, 29 (Old Iii(2), New Block, 4Th Floor, 121, Iii(2), New Block, 4 No.8), Haddows Road, Chennai No.8), Haddows Road, Chennai Mahatma Mahatma Gandhi Gandhi Road, Road, Nungambakkam, Chennai Nungambakkam, Chennai Pan/Gir No.Aaacs 7032 B Aaacs 7032 B (Appellant) (Appellant .. ( Respondent Respondent) Assessee By : Shri Vikram Vijayaraghavan, Vikram Vijayaraghavan, Ar Revenue By : Dr. S.Palanikumar, Cit ( Cit (Dr) Date Of Hearing : 24 /2/ 2022 2 Date Of Pronouncement : 13/4/20 /2022 O R D E R Per C.M.Garg, Jm , Jm

depreciation and investment allowance of earlier years in respect of the new industrial undertaking, ship or approval hotel will be taken into account in determining the quantum of deduction admissible under the new section 80-1 even though they may actually have been set off against the profits of the assessee from other sources....." In view of the above factual

ARUNA ALLOY STEELS PRIVATES LIMITED,MADURAI vs. ACIT,CORP. CIRCLE-1, MADURAI, MADURAIQ

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwal

section 10B(8) is an exemption provision which cannot be compared with claiming an additional depreciation under section 32(1)(iia) of the Act. As per the settled

ROOTS INDUSTRIES INDIA PRIVATE LIMITED,COIMBATORE vs. DCIT, CORPORATE CIRCLE (1), COIMBATORE

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.46/Chny/2024 िनधा"रण वष"/Assessment Year: 2017-18 V. M/S.Roots Industries India Pvt. Ltd., The Dy. Commissioner – R.K.G. Industrial Estate, Of Income Tax, Ganapathy, Corporate Circle-(1), Coimbatore-641 006. Coimbatore. [Pan: Aabcr 0314 E] (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 10B (8) is an exemption provision which cannot be compared with claiming an additional depreciation under section 32(1) (ii-a) of the Act. As per the settled

HOSPIRA HEALTHCARE INDIA PRIVATE LIMITED,CHENNAI vs. DCIT, CHENNAI

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.469/Chny/2017 िनधा<रण वष< /Assessment Year: 2012-13 M/S. Hospira Healthcare India The Dy. Commissioner Of Pvt. Ltd., Vs. Income Tax, Sri-Nivas, New No.86 (Old No.89), Corporate Circle-2(2), Gn Chetty Road, T Nagar, Chennai. Chennai – 600 017. [Pan: Aaabco 2190F] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" की ओर से/ Appellant By : Shri Sriram Seshadri, C.A Jkथ" की ओर से /Respondent By : Shri A. Sasikumar, Cit सुनवाई की तारीख/Date Of Hearing : 25.04.2024 घोषणा की तारीख /Date Of Pronouncement : 22.07.2024 आदेश / O R D E R Per Jagadish, A.M : Aforesaid Appeal Filed By The Assessee Against The Assessment Order Passed By The Dcit, Corporate Circle-2(2), Chennai U/S.143(3) R.W.S. 144C(13) Of The Income Tax Act, 1961 (Hereinafter “The Act”) For The Assessment Year 2012-13, In Pursuance Of The Directions Issued By The Dispute Resolution Panel, Bengalore (Hereinafter ‘Drp’) Vide Directions Dated 09.11.2016. :- 2 -:

depreciation as per law in force. In view of the above, ground No.2 is allowed for statistical purposes. 6. Ground No 3.1 has not been pressed. 7. Ground No 3.2 is against non consideration of TDS credit while computing the demand. The Ld AR has submitted that the Ld AO has not given credit of TDS and prayed for direction

PENTA MEDIA GRAPHICS LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal filed by the assessee for AY 2003-04 is allowed for statistical purposes and the appeal for AY 2002-03 is dismissed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.1403 & 1404/Chny/2015 िनधा"रण वष"/Assessment Years: 2002-03 & 2003-04 M/S. Penta Media Graphics Ltd., Vs. The Deputy Commissioner Of ‘Taurus’, No. 25, First Main Road, Income Tax, Media Circle I, Room No. 311, 3Rd Floor, New Block, United India Colony Kodambakkam, Chennai 600 024. 121, Mahatma Gandhi Road, Nungambakkam, Chennai 600 034. [Pan: Aaacp1647B] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Sree Lakshmi Valli, Advocate ""थ" की ओर से/Respondent By : Shri Guru Bashyam, Cit-Dr सुनवाई की तारीख/ Date Of Hearing : 06.07.2022 घोषणा की तारीख /Date Of Pronouncement : 29.07.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Assessee Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 14, Chennai Dated 27.03.2015 & 31.03.2015 Relevant To The Assessment Years 2002-03 & 2003-04 Respectively.

depreciation allowance twice, one computed under the Companies Act and the other computed under the Income-tax Act. The Commissioner of Income-tax also found that while computing the benefit of section 10B

PENTA MEDIA GRAPHICS LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal filed by the assessee for AY 2003-04 is allowed for statistical purposes and the appeal for AY 2002-03 is dismissed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.1403 & 1404/Chny/2015 िनधा"रण वष"/Assessment Years: 2002-03 & 2003-04 M/S. Penta Media Graphics Ltd., Vs. The Deputy Commissioner Of ‘Taurus’, No. 25, First Main Road, Income Tax, Media Circle I, Room No. 311, 3Rd Floor, New Block, United India Colony Kodambakkam, Chennai 600 024. 121, Mahatma Gandhi Road, Nungambakkam, Chennai 600 034. [Pan: Aaacp1647B] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Sree Lakshmi Valli, Advocate ""थ" की ओर से/Respondent By : Shri Guru Bashyam, Cit-Dr सुनवाई की तारीख/ Date Of Hearing : 06.07.2022 घोषणा की तारीख /Date Of Pronouncement : 29.07.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Assessee Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 14, Chennai Dated 27.03.2015 & 31.03.2015 Relevant To The Assessment Years 2002-03 & 2003-04 Respectively.

depreciation allowance twice, one computed under the Companies Act and the other computed under the Income-tax Act. The Commissioner of Income-tax also found that while computing the benefit of section 10B

MYLSWAMY RANGA RAMANUJAM,COIMBATORE vs. DCIT, CC-1, COIMBATORE

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita No.1518/Chny/2024 िनधा"रण वष"/Assessment Year: 2017-18 V. Mylswamy Ranga Ramanujam, The Dcit, 13/42A, Greenfields Texpark Road, Corporate Circle-1, Civil Aerodrome Post, Coimbatore. Coimbatore-641 014. [Pan: Abupr 0655 D] (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 10B (8) is an exemption provision which cannot be compared with claiming an additional depreciation under section 32(1) (ii-a) of the Act. As per the settled