ANDHRA CHAMBER OF COMMERCE,CHENNAI vs. ADIT, CHENNAI
In the result, the appeal filed by the assessee is partly allowed for statistical purposes
ITA 164/CHNY/2015[2009-10]Status: DisposedITAT Chennai06 Jul 2016AY 2009-10
Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A.No.164/Mds/2015 "नधा"रण वष"/Assessment Year:2009-10 M/S. Andhra Chamber Of Commerce, The Assistant Director Of No. 23, Third Cross Street, Vs. Income Tax [Exemptions] - Iii, West Cit Nagar, Nandanam, Chennai 600 034. Chennai 600 035. [Pan: Aaaca7746C] (अपीलाथ" /Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से / Appellant By : Shri R. Vijayaraghavan, Advocate ""यथ" क" ओर से/Respondent By : Smt. R. Ilavarasi, Jcit सुनवाई क" तार"ख/ Date Of Hearing : 11.04.2016 घोषणा क" तार"ख /Date Of Pronouncement : 06.07.2016 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) Vii, Chennai, Dated 12.09.2014 Relevant To The Assessment Year 2009-10. The First Ground Raised In The Appeal Of The Assessee Is With Regard To Denial Of Exemption Under Section 11 Of The Income Tax Act [“Act” In Short]. The Ld. Cit(A) Has Erred In Holding That The Assessee Is Not Entitled To Exemption Under Section 11 Of The Act & Second Ground Relates To Confirmation Of Disallowance Of Depreciation.
For Appellant: Shri R. Vijayaraghavan, AdvocateFor Respondent: Smt. R. Ilavarasi, JCIT
Section 11Section 12ASection 143(1)Section 143(2)Section 143(3)Section 2(15)
depreciation.
2
I.T.A. No.164/M/15
2. The brief facts of the case are that the assessee is a company formed on 17.08.1928 and registered under Companies Act, 1956. The assessee was granted registration under section 12A(a) of the Income Tax Act, 1961
vide order dated 08.06.1992. The assessee filed its return of income on 01.10.2009 declaring income
