GIL SHARED SERVICES PRIVATE LTD.,,CHENNAI vs. ACIT (OSD), CHENNAI

In the result, the appeal of the assessee is partly allowed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singh

depreciation on account of change in useful life of asset as an operating expense and rejecting the adjustment claimed by the appellant to treat the same as an extraordinary expense and non-operating in nature, for the purpose of computing the operating margin of the Appellant. Other grounds of objections Ground of objection 9 — Non-granting of working capital adjustment

EAST WIND FOOTWEAR COMPANY LIMITED - INDIA BRANCH ,THIRUVANNAMALAI vs. DCIT INTERNATIONAL TAXATION 1(1) & 1(2) , CHENNAI

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

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A. No.1655/Chny/2017 िनधा"रण वष"/Assessment Year:2014-15 M/S. East Wind Footwear Company The Deputy Commissioner Of Vs. Limited – India Branch, Plot No. 3, Income Tax, D&E, Sipcot Industrial Park, Mathur, International Taxation 1(1) & 1(2), Mangal Village, Cheyyar T.K., Chennai. Thiruvannamalai, Tamil Nadu 631 701. [Pan: Aacce5043N] (अपीलाथ" /Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri Ashik Shah, C.A. ""थ" की ओर से/Respondent By : Shri S. Ramakrishnan, Cit सुनवाई की तारीख/ Date Of Hearing : 29.01.2020 घोषणा की तारीख /Date Of Pronouncement : 31.01.2020 आदेश /O R D E R Per Duvvurul Rl Reddy: This Appeal Filed By The Assessee Is Directed Against The Final Assessment Order Passed Under Section 143(3) R.W.S. 144C(13) Of The Income Tax Act, 1961 [“Act” In Short] Dated 28.04.2017 Relevant To The Assessment Year 2014-15. The Effective Grounds Raised In The Appeal Of The Assessee Are That The Assessing Officer & The Drp Have Erred In Law In Not Allowing The Deduction Under Section 10Aa Of The Act & Computation Of Tax Payable & Levy Of Interest Under Section 234D Of The Act.

depreciation. Thus, the ground raised by the assessee is allowed. 6. The next ground raised in the appeal of the assessee relates to levy of interest under section 234D

IDFC LIMITED,CHENNAI vs. DCIT, CO. CIRCLE - II (3),, CHENNAI

In the result, the appeal filed by the assessee in ITA

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.877/Chny/2018 & 677/Chny/2020 िनधा&रण वष& /Assessment Years: 2010-11

234D of the Act 7. Non-adjudication on additional ground of appeal raised during the hearing relating to allocation of interest attributable to income considered under section 36(1)(vii) and computation of deduction under section 36(1) (vii) of the Act The learned CIT(A) erred in not adjudicating on the ground pertaining to the assessing officer adopting

DCIT CORPORATE CIRCLE 2(2), CHENNAI vs. IDFC LIMITED, CHENNAI

In the result, the appeal filed by the assessee in ITA

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.877/Chny/2018 & 677/Chny/2020 िनधा&रण वष& /Assessment Years: 2010-11

234D of the Act 7. Non-adjudication on additional ground of appeal raised during the hearing relating to allocation of interest attributable to income considered under section 36(1)(vii) and computation of deduction under section 36(1) (vii) of the Act The learned CIT(A) erred in not adjudicating on the ground pertaining to the assessing officer adopting

SHRIRAM CITY UNION FINANCE LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal of the assessee and the revenue are partly allowed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singhआयकर अपील सं./Ita No.506/Mds/2016 "नधा+रण वष+ /Assessment Year: 2012-13

234D of the Act on the excess amount refunded to the assessee while processing a return under Section 143(1) of the Act. Even though it is an interest levied on the amount refunded to the assessee, in fact, it is an interest for delayed payment of tax. In other words, the amount refunded to the assessee while processing return

DCIT, CHENNAI vs. SHRIRAM CITY UNION FINANCE CO. LTD., CHENNAI

In the result, the appeal of the assessee and the revenue are partly allowed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singhआयकर अपील सं./Ita No.506/Mds/2016 "नधा+रण वष+ /Assessment Year: 2012-13

234D of the Act on the excess amount refunded to the assessee while processing a return under Section 143(1) of the Act. Even though it is an interest levied on the amount refunded to the assessee, in fact, it is an interest for delayed payment of tax. In other words, the amount refunded to the assessee while processing return

SUNDRAM FASTENERS LIMITED,,CHENNAI vs. ADDL.CIT,, CHENNAI

In the result, the appeals of the assessee in ITA

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

Section 9, substituted by Finance Act, 2010 with retrospective effect, it was not necessary for a non-resident to have a place of business or business connection in India for being fastened with a tax liability in India. However, the said Explanation applies only to income by way of interest, income by way of Royalty and income

SUNDARAM FASTENERS LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA

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

Section 9, substituted by Finance Act, 2010 with retrospective effect, it was not necessary for a non-resident to have a place of business or business connection in India for being fastened with a tax liability in India. However, the said Explanation applies only to income by way of interest, income by way of Royalty and income

ACIT,, CHENNAI vs. M/S. SUNDARAM FASTERNERS LTD.,, CHENNAI

In the result, the appeals of the assessee in ITA

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

Section 9, substituted by Finance Act, 2010 with retrospective effect, it was not necessary for a non-resident to have a place of business or business connection in India for being fastened with a tax liability in India. However, the said Explanation applies only to income by way of interest, income by way of Royalty and income

SUNDARAM FASTENERS LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA

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

Section 9, substituted by Finance Act, 2010 with retrospective effect, it was not necessary for a non-resident to have a place of business or business connection in India for being fastened with a tax liability in India. However, the said Explanation applies only to income by way of interest, income by way of Royalty and income

ACIT NON CORP CIRCLE 1 (1) FORMERLY KNOWN AS BUSINESS CIRCLE 1, CHENNAI vs. M/S DEOLITE HASKINS & SELLS, CHENNAI

Bench: Shri Joginder Singh & Shri A.Mohan Alankamony

234D and levy correct amount of interest. 21. In the result, the appeal of the assessee is partly allowed. 22. Now, coming to Revenue’s appeal I.T.A.No.2077/Mds/2016, the only issue is addition made by the Assessing Officer towards advance fee of 64,39,989/-. 23. During assessment proceedings, the Assessing Officer found that the assessee is following the cash

ACIT NON CORP CIRCLE 1 (1) FORMERLY KNOWN AS BUSINESS CIRCLE 1, CHENNAI vs. M/S DEOLITE HASKINS & SELLS, CHENNAI

Bench: Shri Joginder Singh & Shri A.Mohan Alankamony

234D and levy correct amount of interest. 21. In the result, the appeal of the assessee is partly allowed. 22. Now, coming to Revenue’s appeal I.T.A.No.2077/Mds/2016, the only issue is addition made by the Assessing Officer towards advance fee of 64,39,989/-. 23. During assessment proceedings, the Assessing Officer found that the assessee is following the cash

ACIT NON CORP CIRCLE 1 (1) FORMERLY KNOWN AS BUSINESS CIRCLE 1, CHENNAI vs. M/S DEOLITE HASKINS & SELLS, CHENNAI

Bench: Shri Joginder Singh & Shri A.Mohan Alankamony

234D and levy correct amount of interest. 21. In the result, the appeal of the assessee is partly allowed. 22. Now, coming to Revenue’s appeal I.T.A.No.2077/Mds/2016, the only issue is addition made by the Assessing Officer towards advance fee of 64,39,989/-. 23. During assessment proceedings, the Assessing Officer found that the assessee is following the cash

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

In the result , appeal in ITA no

Bench: Shri Ramit Kochar & Shri Duvvuru R.L.Reddy

234D of the Act. The levies are arbitrary, high and liable to be cancelled. 10. Any other ground that may be raised at the time of personal hearing.” For AY 2009-10: “General 1. The order of the Commissioner of Income Tax (Appeals) dated 23.03.2015, is arbitrary, erroneous, incorrect and contrary to law and facts. Depreciation on Digital Content

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

In the result , appeal in ITA no

Bench: Shri Ramit Kochar & Shri Duvvuru R.L.Reddy

234D of the Act. The levies are arbitrary, high and liable to be cancelled. 10. Any other ground that may be raised at the time of personal hearing.” For AY 2009-10: “General 1. The order of the Commissioner of Income Tax (Appeals) dated 23.03.2015, is arbitrary, erroneous, incorrect and contrary to law and facts. Depreciation on Digital Content

M/S J SIKILE FOUNDATION,CHENNAI vs. DCIT, EXEMPTION-III, CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.83/Chny/2022 िनधा"रणवष"/Assessment Year: 2011-12 V. M/S.J Sikile Foundation, The Dcit, Plot No.1025, Street No.44, Exemption-Iii, Tvs Colony, Anna Nagar West Extn., Chennai. Chennai-600 101. [Pan: Aaats 1630 C] (अपीलाथ"/Appellant) (""यथ"/Respondent)

Depreciation relating 2,89,419 to assets acquired during the year Assessed income 1,77,32,382 Tax thereon @30% 53,19,715 Education Cess 1,59,591 Total tax 54,79,306 Add: Interest u/s. 234B 19,61,352 Add: Interest u/s 234D 3,380 Add: 244A interest already 2,652 19,67,384 issued Tax payable

SMT. SUDHA EASHWAR,,CHENNAI vs. ITO, NCW - 14 (3),, CHENNAI

In the result, the appeal filed by the assessee in ITA

Bench: Shri George Mathan & Shri Ramit Kocharआयकर अपील सं./Ita No.2342/Chny/2019 "नधा"रण वष" /Assessment Year: 2014-15 V. Smt. Sudha Eashwar, The Income Tax Officer No.23A, P.T.Rajan Salai, Non-Corporate Ward-14(3) K.K.Nagar, Chennai Chennai-600 078. [Pan: Alxps 0601 D] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : None ""यथ" क" ओर से /Respondent By : Ms.Sumathi Venkatraman, Jcit सुनवाई क" तार"ख/Date Of Hearing : 09.10.2019 घोषणा क" तार"ख /Date Of Pronouncement : 02.01.2020 आदेश / O R D E R Per Ramit Kochar:

234D of the Act. 10.That the appellant craves the leave to add, modify, amend or delete any of the grounds of appeal at the time of hearing and all the above grounds are without prejudice to each other. The appellant prays that on the above grounds, the Hon. Income-tax Appellate tribunal may kindly delete the additions and pass such