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

2)For the purposes of sub-section (1), the total income of the company shall be computed, (i)without any deduction under the provisions of section 10AA or clause (iia) of sub-section (1) of section 32 or section 32AD 5 or section 33AB or section 33ABA or sub-clause (ii) or sub- clause (iia) or sub-clause

SRINIVASA FASHIONS PVT LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA Nos 1965, 1966 & 1967 are

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 1965, 1966, 1967, 1968 /Mds/2016 & 2096/Mds/2017 "नधा"रण वष"/Assessment Years : 2008-09, 2008-09, 2010-11, 2011-12& 2009-10 M/S. Srinivasa Fashions Pvt. Ltd., Deputy Commissioner Of Income Tax, 1A, Regency Apartments, Vs. Corporate Circle -6(2), No. 5, 1St Lane, Aayakar Bhavan, New Block, 7Th Floor, 121 M.G. Road, Nungambakkam High Road, Chennai - 600 034. Chennai - 600 034. [Pan: Aaics 9511R]

depreciation of the predecessor firm, the CIT (A) accepted the appellant’s submission and held that provision of section 78(2) are not applicable but provision of section 72A

SRINIVASA FASHIONS PVT LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA Nos 1965, 1966 & 1967 are

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 1965, 1966, 1967, 1968 /Mds/2016 & 2096/Mds/2017 "नधा"रण वष"/Assessment Years : 2008-09, 2008-09, 2010-11, 2011-12& 2009-10 M/S. Srinivasa Fashions Pvt. Ltd., Deputy Commissioner Of Income Tax, 1A, Regency Apartments, Vs. Corporate Circle -6(2), No. 5, 1St Lane, Aayakar Bhavan, New Block, 7Th Floor, 121 M.G. Road, Nungambakkam High Road, Chennai - 600 034. Chennai - 600 034. [Pan: Aaics 9511R]

depreciation of the predecessor firm, the CIT (A) accepted the appellant’s submission and held that provision of section 78(2) are not applicable but provision of section 72A

SRINIVASA FASHIONS PVT. LTD.,CHENNAI vs. DCIT, CORPORATE CIRCLE-6(2), CHENNAI

In the result, the assessee’s appeals in ITA Nos 1965, 1966 & 1967 are

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 1965, 1966, 1967, 1968 /Mds/2016 & 2096/Mds/2017 "नधा"रण वष"/Assessment Years : 2008-09, 2008-09, 2010-11, 2011-12& 2009-10 M/S. Srinivasa Fashions Pvt. Ltd., Deputy Commissioner Of Income Tax, 1A, Regency Apartments, Vs. Corporate Circle -6(2), No. 5, 1St Lane, Aayakar Bhavan, New Block, 7Th Floor, 121 M.G. Road, Nungambakkam High Road, Chennai - 600 034. Chennai - 600 034. [Pan: Aaics 9511R]

depreciation of the predecessor firm, the CIT (A) accepted the appellant’s submission and held that provision of section 78(2) are not applicable but provision of section 72A

SRINIVASA FASHIONS PVT LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA Nos 1965, 1966 & 1967 are

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 1965, 1966, 1967, 1968 /Mds/2016 & 2096/Mds/2017 "नधा"रण वष"/Assessment Years : 2008-09, 2008-09, 2010-11, 2011-12& 2009-10 M/S. Srinivasa Fashions Pvt. Ltd., Deputy Commissioner Of Income Tax, 1A, Regency Apartments, Vs. Corporate Circle -6(2), No. 5, 1St Lane, Aayakar Bhavan, New Block, 7Th Floor, 121 M.G. Road, Nungambakkam High Road, Chennai - 600 034. Chennai - 600 034. [Pan: Aaics 9511R]

depreciation of the predecessor firm, the CIT (A) accepted the appellant’s submission and held that provision of section 78(2) are not applicable but provision of section 72A

SRINIVASA FASHIONS PVT LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA Nos 1965, 1966 & 1967 are

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 1965, 1966, 1967, 1968 /Mds/2016 & 2096/Mds/2017 "नधा"रण वष"/Assessment Years : 2008-09, 2008-09, 2010-11, 2011-12& 2009-10 M/S. Srinivasa Fashions Pvt. Ltd., Deputy Commissioner Of Income Tax, 1A, Regency Apartments, Vs. Corporate Circle -6(2), No. 5, 1St Lane, Aayakar Bhavan, New Block, 7Th Floor, 121 M.G. Road, Nungambakkam High Road, Chennai - 600 034. Chennai - 600 034. [Pan: Aaics 9511R]

depreciation of the predecessor firm, the CIT (A) accepted the appellant’s submission and held that provision of section 78(2) are not applicable but provision of section 72A

DCIT, CHENNAI vs. SRINIVASA FASHIONS LTD., CHENNAI

In the result, the assessee’s appeals in ITA Nos 1965, 1966 & 1967 are

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. Nos. 1965, 1966, 1967, 1968 /Mds/2016 & 2096/Mds/2017 "नधा"रण वष"/Assessment Years : 2008-09, 2008-09, 2010-11, 2011-12& 2009-10 M/S. Srinivasa Fashions Pvt. Ltd., Deputy Commissioner Of Income Tax, 1A, Regency Apartments, Vs. Corporate Circle -6(2), No. 5, 1St Lane, Aayakar Bhavan, New Block, 7Th Floor, 121 M.G. Road, Nungambakkam High Road, Chennai - 600 034. Chennai - 600 034. [Pan: Aaics 9511R]

depreciation of the predecessor firm, the CIT (A) accepted the appellant’s submission and held that provision of section 78(2) are not applicable but provision of section 72A

ROCA BATHROOM PRODUCTS P LTD,CHENNAI vs. DCIT,LTU-1, CHENNAI

In the result, the assessee’s appeal is dismissed

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

depreciation amounting to INR 70,494,282 under section 2(1B) read with section 72A of the Income-tax Act without

BHARAT TECHNOLOGIES AUTO COMPONENTS LIMITED,CHENNAI vs. ITO, COMPANY WARD 1(1), CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.1841, 1842 & 1843/Chny/2024 िनधा"रण वष"/Assessment Years: 2003-04, 2004-05 & 2006-07 V. M/S. Bharat Technologies Auto – The Ito, Components Ltd., Company Ward-1(1), 177 Raheja Towers, Chennai. 7Th Floor, Unit No.708, Beta Wing, Anna Salai, Chennai-600 002. [Pan: Aabcb 9835 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 72A(2) of Income Tax Act, 1961 to UCAL Division of BTACL (UDB) to enable it to carry ITA Nos.1841, 1842 & 1843/Chny/2024 (AYs 2003-04, 2004-05 & 2006-07) M/s. Bharat Technologies – Auto Components Ltd. :: 7 :: forward the accumulated business losses and unabsorbed depreciation

BHARAT TECHNOLOGIES AUTO COMPONENTS LIMITED,CHENNAI vs. ITO, COMPANY WARD 1(1), CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.1841, 1842 & 1843/Chny/2024 िनधा"रण वष"/Assessment Years: 2003-04, 2004-05 & 2006-07 V. M/S. Bharat Technologies Auto – The Ito, Components Ltd., Company Ward-1(1), 177 Raheja Towers, Chennai. 7Th Floor, Unit No.708, Beta Wing, Anna Salai, Chennai-600 002. [Pan: Aabcb 9835 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 72A(2) of Income Tax Act, 1961 to UCAL Division of BTACL (UDB) to enable it to carry ITA Nos.1841, 1842 & 1843/Chny/2024 (AYs 2003-04, 2004-05 & 2006-07) M/s. Bharat Technologies – Auto Components Ltd. :: 7 :: forward the accumulated business losses and unabsorbed depreciation

BHARAT TECHNOLOGIES AUTO COMPONENTS LIMITED,CHENNAI vs. ITO, COMPANY WARD 1(1), CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.1841, 1842 & 1843/Chny/2024 िनधा"रण वष"/Assessment Years: 2003-04, 2004-05 & 2006-07 V. M/S. Bharat Technologies Auto – The Ito, Components Ltd., Company Ward-1(1), 177 Raheja Towers, Chennai. 7Th Floor, Unit No.708, Beta Wing, Anna Salai, Chennai-600 002. [Pan: Aabcb 9835 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 72A(2) of Income Tax Act, 1961 to UCAL Division of BTACL (UDB) to enable it to carry ITA Nos.1841, 1842 & 1843/Chny/2024 (AYs 2003-04, 2004-05 & 2006-07) M/s. Bharat Technologies – Auto Components Ltd. :: 7 :: forward the accumulated business losses and unabsorbed depreciation

INDIAN OVERSEAS BANK,CHENNAI vs. DCIT,LTU(2), CHENNAI

Accordingly, this ground of Revenue is dismissed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal & Hon’Ble Shri Manu Kumar Giriआयकरअपील सं./ Ita Nos.661/Chny/2019, 202 & 203/Chny/2023 (िनधा"रणवष" / Assessment Years: 2015-16, 2016-17 & 2017-2018) Indian Overseas Bank, Vs. The Assistant Commissioner Of 763, Anna Salai, Income Tax, Chennai 600 002. Ltu (2) Chennai. आयकरअपील सं./ Ita Nos.914/Chny/2019, 253 & 254/Chny/2023 (िनधा"रणवष" / Assessment Years: 2015-16, 2016-17&2017-2018) The Assistant Commissioner Of Vs. Indian Overseas Bank, Income Tax, 763, Anna Salai, Ltu (2) Chennai 600 002. Chennai. [Pan: Aaaci 1223J] (अपीलाथ"/Appellant) (""यथ"/Respondent) Assessee By : Shri. C. Naresh, C.A., Department By : Shri. A. Sasikumar, Irs. Cit. सुनवाई क" तार"ख/Date Of Hearing : 14.11.2024 घोषणा क" तार"ख /Date Of Pronouncement : 31.12.2024

depreciation on assets taken over by Bank of Tamilnadu. We heard the rival submissions. Since the Ld.CIT(A) has directed the AO to follow the directions of this tribunal decision in the assessee’s own case in ITA No.1815/Chy/2011 dated 02.04.2014 wherein, the ITAT had remitted the matter back to the AO to verify the scheme of take over

DCIT, CHENNAI vs. SRINIVASA FASHIONS PVT LTD., CHENNAI

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

2) of the Act dated 19.08.2010 was issued was issued. The AO reopened the assessment u/s 148 of the Act, on the ground that unabsorbed depreciation of Rs.97,53,913/- claimed by firm M/s.Srinivasa Exports International (SEI) has been wrongly allowed when the assessee did not claim depreciation on the assets transferred from M/s.Srinivasa Exports International but claimed as unabsorbed

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

In the result , appeal in ITA no

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

2 – For the purpose of this Section – (i) ‘computer software’ means - (a) any computer programme recorded on any disc, tape, perforated media or other information storage device; or (b) any customized electronic data or any product or service of similar nature as may be notified by the Board; which is transmitted or exported from India to any place outside India

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

In the result , appeal in ITA no

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

2 – For the purpose of this Section – (i) ‘computer software’ means - (a) any computer programme recorded on any disc, tape, perforated media or other information storage device; or (b) any customized electronic data or any product or service of similar nature as may be notified by the Board; which is transmitted or exported from India to any place outside India

INDIA PISTONS LTD.,CHENNAI vs. DCIT CORPORATE CIRCLE 2(2), CHENNAI

In the result the appeal of the assessee in ITA

Bench: Shri N.R.S. Ganesan & Shri Inturi Rama Rao] आयकर अपील सं./I.T.A. Nos.2339 & 2340/Chny/2017 "नधा"रण वष" /Assessment Years :2010-11 & 2011-12. M/S. India Pistons Limited, The Deputy Commissioner Of Vs. Huzur Gardens, Income Tax, Sembium, Corporate Circle 2(2) Chennai 600 011. Chennai.

2.... Explanation 3... Explanation 4... Explanation 5... (iia) in the case of any new machinery or plant (other than ships and aircraft), which has been acquired and installed after the 31st day of March, 2005, by an assessee engaged in the business of manufacture or production of any article or thing or generation or generation and distribution of power

INDIA PISTONS LTD.,CHENNAI vs. DCIT CORPORATE CIRCLE 2(2), CHENNAI

In the result the appeal of the assessee in ITA

Bench: Shri N.R.S. Ganesan & Shri Inturi Rama Rao] आयकर अपील सं./I.T.A. Nos.2339 & 2340/Chny/2017 "नधा"रण वष" /Assessment Years :2010-11 & 2011-12. M/S. India Pistons Limited, The Deputy Commissioner Of Vs. Huzur Gardens, Income Tax, Sembium, Corporate Circle 2(2) Chennai 600 011. Chennai.

2.... Explanation 3... Explanation 4... Explanation 5... (iia) in the case of any new machinery or plant (other than ships and aircraft), which has been acquired and installed after the 31st day of March, 2005, by an assessee engaged in the business of manufacture or production of any article or thing or generation or generation and distribution of power

DCIT CORPORATE CIRCLE 2(2), CHENNAI vs. INDIA PISTON LTD., CHENNAI

In the result the appeal of the assessee in ITA

Bench: Shri N.R.S. Ganesan & Shri Inturi Rama Rao] आयकर अपील सं./I.T.A. Nos.2339 & 2340/Chny/2017 "नधा"रण वष" /Assessment Years :2010-11 & 2011-12. M/S. India Pistons Limited, The Deputy Commissioner Of Vs. Huzur Gardens, Income Tax, Sembium, Corporate Circle 2(2) Chennai 600 011. Chennai.

2.... Explanation 3... Explanation 4... Explanation 5... (iia) in the case of any new machinery or plant (other than ships and aircraft), which has been acquired and installed after the 31st day of March, 2005, by an assessee engaged in the business of manufacture or production of any article or thing or generation or generation and distribution of power