DDIT, CHENNAI vs. THE BOOKSELLERS & PUBLISHERS ASSOCIATION OF SOUTH INDIA, CHENNAI
In the result, the appeal of the Revenue is partly allowed
ITA 1602/CHNY/2014[2009-10]Status: DisposedITAT Chennai18 Dec 2015AY 2009-10
Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.1602/Mds/2014 "नधा"रण वष" / Assessment Year : 2009-10 M/S The Booksellers & Publishers The Deputy Director Of Income Association Of South India, No.8, Sun Plaza, 2Nd Floor, Tax (Exemptions) – I, V. Chennai - 600 034. G.N. Chetty Road, T. Nagar, Chennai - 600 006. Pan : Aabta 2098 R (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: Shri A.B. Koli, JCITFor Respondent: Sh. N. Devanathan, Advocate
Section 11Section 12ASection 2(15)Section 32
c) of sub-section (6) of section 43;
Explanation — 3. For the purposes of this sub-section, 10the expressions
"assets"
shall mean--
(a) tangible assets, being buildings, machinery, plant or furniture ;
(b) intangible assets, being know-how, patents, copyrights, trade marks, licences, franchises or any other business or commercial rights of similar nature.
Explanation — 4. For the purposes of this