ACIT, LTU-2,, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

In the result, appeal filed by the assessee is partly allowed and the appeal of the Revenue is dismissed

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

Depreciable assets 1,03,68,211 b) Other assets: Land 47,84,126 Prepaid Expenses 14,35,954 Banked Units 1,00,67,969 Unbilled revenue 7,86,53,504 9,49,41,553 C) Less: Liabilities: Provision for expenses 14,24,593 10,38,85,171 B = a + b - c Net worth C). Capital gains on slum sale

ACIT NON CORPORATE CIRCLE 20(1), CHENNAI vs. PVP CINEMAS P. LTD., CHENNAI

In the result, appeal filed by the revenue is dismissed

Bench: Shri V.Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.No.1058/Chny/2018 ("नधा"रणवष" / Assessment Year: 2009-10) The Assistant Commissioner Of Income Vs M/S. Pvp Cinemas P.Ltd. Krm Centre, 9Th Floor, Tax Non-Corporate Circle-20(1) No.2,Harrington Road, Chennai-34. Chetpet , Chennai-600 031. Pan: Aaeca 8733H (अपीलाथ"/Appellant) (""यथ"/Respondent)

short term capital gain by considering additional evidences filed by the assessee, including photocopies of bills submitted by M/s.Bharath Polymers & M/s. Devi Designers & Decorations on the ground that even though, the assessee failed to file original bills due to various reasons, but on verification of photocopies of bills submitted by the assessee with corroborative evidences which proves the fact that

MOSBACHER INDIA LLC,CHENNAI vs. ADDL. DIT, CHENNAI

In the result, the appeal is partly allowed in the terms indicated above

depreciation is admissible under section 32" had been omitted; and] (c) to the depletion of mineral oil in the mining area in respect of the assessment year relevant to the previous year in which commercial production is begun and for such succeeding year or years as may be specified in the agreement; and such allowances shall be computed and made

DCIT, CHENNAI vs. M/S. INDO INTERNATIONAL LTD., CHENNAI

In the result, the appeal of the Revenue is dismissed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.58/Mds/2011 "नधा"रण वष" / Assessment Year : 2006-07 The Deputy Commissioner Of M/S Indo International Ltd., No.18, 1St Floor, Sunkurama Street, Income Tax, V. Company Circle – Ii(3), Chennai - 600 001. Chennai - 600 034. Pan : Aaaci 2408 R (अपीलाथ"/Appellant) (""यथ"/Respondent)

term capital gain. Since the assessee claimed depreciation on the business premises, the gain arising out of depreciable asset has to be necessarily classified as short

DR.E.S.KRISHNAMOORTHY,CHENNAI vs. ITO NON CORPORATE WARD 1(4), CHENNAI

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

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.2529/Chny/2017 िनधा"रण वष" /Assessment Year: 2012-13 Dr.E.S.Krishnamoorthy, V. The Income Tax Officer, No.3, South Mada Street, Non-Corporate Ward-I(4), Srinagar Colony, Saidapet, Chennai. Chennai-600 015. [Pan: Alwpk 0134 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

depreciation. Accordingly, we reject the ground taken by the assessee. 9. The next issue that came up for our consideration from Ground Nos.6-9 of assessee’s appeal is computation of long term capital gains derived from transfer of property in pursuant to JDA. The fact with regard :: 8 :: to impugned dispute are that the JDA between the assessee

TEXMO INDUUSTRIES,COIMBATORE vs. ACIT-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

depreciable asset be assessed as Short Term Capital Gain and not Long Term Capital Gain, this has attained finality and the matter

TEXMO INDUSTRIES,COIMBATORE vs. ACIT-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

depreciable asset be assessed as Short Term Capital Gain and not Long Term Capital Gain, this has attained finality and the matter

TEXMO INDUSTRIES,COIMBATORE vs. ACIT,CC-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

depreciable asset be assessed as Short Term Capital Gain and not Long Term Capital Gain, this has attained finality and the matter

TEXMO INDUSTRIES,COIMBATORE vs. ACIT,NCC-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

depreciable asset be assessed as Short Term Capital Gain and not Long Term Capital Gain, this has attained finality and the matter

TEXMO INDUSTRIES,COMBATORE vs. ACIT-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

depreciable asset be assessed as Short Term Capital Gain and not Long Term Capital Gain, this has attained finality and the matter

BHAVANI DISTILLERIS AND CHEMICALS LTD.,CHENNAI vs. ACIT, CHENNAI

In the result the Revenue’s appeal in ITA No

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

short-term capital gain’ / ‘income from business’:- ITA No.68/Mds/2012, 1584/Mds/2014 ITA Nos. 1571 & 3055/Mds/2016 The brief facts of the case are that the assessee claims to have entered in to Joint Venture Farming Agreement (JVFA) dated 09.07.2004 with several persons involving 70 acres of land situated at Thaiyur and Thazhampur Village, Chengalpet Taluk, Kancheepuram District. Subsequently M/s. Carmen Builders & Constructions

ACIT, CHENNAI vs. M/S. BHAVANI DISTILLERIES AND CHEMICALS LIMITED, CHENNAI

In the result the Revenue’s appeal in ITA No

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

short-term capital gain’ / ‘income from business’:- ITA No.68/Mds/2012, 1584/Mds/2014 ITA Nos. 1571 & 3055/Mds/2016 The brief facts of the case are that the assessee claims to have entered in to Joint Venture Farming Agreement (JVFA) dated 09.07.2004 with several persons involving 70 acres of land situated at Thaiyur and Thazhampur Village, Chengalpet Taluk, Kancheepuram District. Subsequently M/s. Carmen Builders & Constructions

ACIT, CHENNAI vs. BHAVANI DISTILLERIES AND CHEMICALS LTD., CHENNAI

In the result the Revenue’s appeal in ITA No

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

short-term capital gain’ / ‘income from business’:- ITA No.68/Mds/2012, 1584/Mds/2014 ITA Nos. 1571 & 3055/Mds/2016 The brief facts of the case are that the assessee claims to have entered in to Joint Venture Farming Agreement (JVFA) dated 09.07.2004 with several persons involving 70 acres of land situated at Thaiyur and Thazhampur Village, Chengalpet Taluk, Kancheepuram District. Subsequently M/s. Carmen Builders & Constructions

ACIT, CHENNAI vs. M/S. BHAVANI DISTILLERIES & CHEMICALS LTD., CHENNAI

In the result the Revenue’s appeal in ITA No

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

short-term capital gain’ / ‘income from business’:- ITA No.68/Mds/2012, 1584/Mds/2014 ITA Nos. 1571 & 3055/Mds/2016 The brief facts of the case are that the assessee claims to have entered in to Joint Venture Farming Agreement (JVFA) dated 09.07.2004 with several persons involving 70 acres of land situated at Thaiyur and Thazhampur Village, Chengalpet Taluk, Kancheepuram District. Subsequently M/s. Carmen Builders & Constructions

ACIT, CHENNAI vs. M/S. BHAVANI DISTILLERIES AND CHEMICALS LTD., CHENNAI

In the result the Revenue’s appeal in ITA No

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

short-term capital gain’ / ‘income from business’:- ITA No.68/Mds/2012, 1584/Mds/2014 ITA Nos. 1571 & 3055/Mds/2016 The brief facts of the case are that the assessee claims to have entered in to Joint Venture Farming Agreement (JVFA) dated 09.07.2004 with several persons involving 70 acres of land situated at Thaiyur and Thazhampur Village, Chengalpet Taluk, Kancheepuram District. Subsequently M/s. Carmen Builders & Constructions

JCIT (OSD), CHENNAI vs. BHAVANI DISTILLERIES & CHEMICALS PVT LTD., CHENNAI

In the result the Revenue’s appeal in ITA No

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

short-term capital gain’ / ‘income from business’:- ITA No.68/Mds/2012, 1584/Mds/2014 ITA Nos. 1571 & 3055/Mds/2016 The brief facts of the case are that the assessee claims to have entered in to Joint Venture Farming Agreement (JVFA) dated 09.07.2004 with several persons involving 70 acres of land situated at Thaiyur and Thazhampur Village, Chengalpet Taluk, Kancheepuram District. Subsequently M/s. Carmen Builders & Constructions

DCIT, CHENNAI vs. CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED, CHENNAI

In the result, the appeal of the Revenue in ITA

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

Short Term Capital Gains claimed by the assessee to the tune of "65,77,380/- 5.3 We have considered the facts and submissions made of ld. Authorised Representative and Departmental Representative were similar issue was adjudicated by us for the assessment year 2006-07 in ITA No.1181/Mds/2014 at para 4.19 and we allow the ground of the assessee

CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, the appeal of the Revenue in ITA

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

Short Term Capital Gains claimed by the assessee to the tune of "65,77,380/- 5.3 We have considered the facts and submissions made of ld. Authorised Representative and Departmental Representative were similar issue was adjudicated by us for the assessment year 2006-07 in ITA No.1181/Mds/2014 at para 4.19 and we allow the ground of the assessee