THE CRAFTS COUNCIL OF INDIA,CHENNAI vs. JCIT(EXEMPTIONS) , CHENNAI

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri Amitabh Shuklaआयकरअपील सं./ Ita Nos.943, 944, 945 & 946/Chny/2024 (िनधा"रणवष" / Assessment Years: 2011-2012, 2013-14, 2015-16 & 2016-2017) The Crafts Council Of India, Vs. The Joint Commissioner Of Income Gf Temple Trees, Tax, Venkatnarayanana Road, (Exemptions) T. Nagar, Chennai 600 017. Chennai. [Pan: Aaatc 1433B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri R. Vijayaraghavan, Advocate ""यथ" क" ओर से /Respondent By : Ms. Gouthami Manivasagam, Irs, Jcit. सुनवाई क" तार"ख/Date Of Hearing : 01.08.2024 घोषणा क" तार"ख /Date Of Pronouncement : 14.08.2024 आदेश / O R D E R Manu Kumar Giri ()

TDS, sundry creditors, depreciation, interest u/s 244A and issue of 234B arising in respective appeals to the file of AO to look

THE CRAFTS COUNCIL OF INDIA,CHENNAI vs. JCIT(EXEMPTIONS) , CHENNAI

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri Amitabh Shuklaआयकरअपील सं./ Ita Nos.943, 944, 945 & 946/Chny/2024 (िनधा"रणवष" / Assessment Years: 2011-2012, 2013-14, 2015-16 & 2016-2017) The Crafts Council Of India, Vs. The Joint Commissioner Of Income Gf Temple Trees, Tax, Venkatnarayanana Road, (Exemptions) T. Nagar, Chennai 600 017. Chennai. [Pan: Aaatc 1433B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri R. Vijayaraghavan, Advocate ""यथ" क" ओर से /Respondent By : Ms. Gouthami Manivasagam, Irs, Jcit. सुनवाई क" तार"ख/Date Of Hearing : 01.08.2024 घोषणा क" तार"ख /Date Of Pronouncement : 14.08.2024 आदेश / O R D E R Manu Kumar Giri ()

TDS, sundry creditors, depreciation, interest u/s 244A and issue of 234B arising in respective appeals to the file of AO to look

THE CRAFTS COUNCIL OF INDIA,CHENNAI vs. JCIT (EXEMPTIONS), CHENNAI

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri Amitabh Shuklaआयकरअपील सं./ Ita Nos.943, 944, 945 & 946/Chny/2024 (िनधा"रणवष" / Assessment Years: 2011-2012, 2013-14, 2015-16 & 2016-2017) The Crafts Council Of India, Vs. The Joint Commissioner Of Income Gf Temple Trees, Tax, Venkatnarayanana Road, (Exemptions) T. Nagar, Chennai 600 017. Chennai. [Pan: Aaatc 1433B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri R. Vijayaraghavan, Advocate ""यथ" क" ओर से /Respondent By : Ms. Gouthami Manivasagam, Irs, Jcit. सुनवाई क" तार"ख/Date Of Hearing : 01.08.2024 घोषणा क" तार"ख /Date Of Pronouncement : 14.08.2024 आदेश / O R D E R Manu Kumar Giri ()

TDS, sundry creditors, depreciation, interest u/s 244A and issue of 234B arising in respective appeals to the file of AO to look

EVERSENDAI CONSTRUCTION PRIVATE LIMITED,CHENNAI vs. DCIT CORPORATE CIRCLE 2(1), CHENNAI

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

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.2084/Chny/2017 िनधा"रण वष" /Assessment Year: 2013-14 M/S.Eversendai Construction- V. The Dy. Commissioner- Pvt. Ltd., Of Income Tax, Plot No.1 & 2, The Lords, Corporate Circle-2(1), Block-1, 5Th Floor, Chennai. Thiru-Vi-Ka Industrial Estate, Jawaharlal Nehru Road, Ekkaduthangal, Guindy, Chennai.

TDS. Restriction on claim of depreciation on UPS: 3.5 The AO/DRP erred in restricting the claim of depreciation on UPS. 3.6 The AO/DRP

THE LAKSHMI VILAS BANK LIMITED,KARUR vs. ACIT CIRCLE 2(1), TRICHY

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

depreciation on investments & (v) TDS Credit. The assessee is also aggrieved by the fact that revised return as filed on 21.03.2014 was not considered

DCIT CIRCLE 2(1), TRICHY vs. THE LAKSHMI VILAS BANK LTD., KARUR

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

depreciation on investments & (v) TDS Credit. The assessee is also aggrieved by the fact that revised return as filed on 21.03.2014 was not considered

LAVANYA JEWELS,CHENNAI vs. DCIT, COIMBATORE

In the result, appeals filed by the assessee for both

Bench: Shri Mahavir Singh, Vice- & Shri G.Manjunathaआयकर अपील सं./I.T.A.Nos.742 & 743/Chny/2017 ("नधा"रणवष" / Assessment Years: 2011-12 & 2012-13) Vs The Deputy Commissioner Of M/S. Lavanya Jewels Income Tax, C/O. S.Sridhar, Advocate Circle-Ii New No.14 Old No.82, Flat No.5 Coimbatore. 1St Avenue, Indira Nagar, Adyar Chennai-600 020. Pan: Aacfl 9876D (अपीलाथ"/Appellant) (""यथ"/Respondent)

TDS return statement and depreciation schedule, but could not furnish books of account along with sale and purchase bills, when

LAVANYA JEWELS,CHENNAI vs. DCIT, COIMBATORE

In the result, appeals filed by the assessee for both

Bench: Shri Mahavir Singh, Vice- & Shri G.Manjunathaआयकर अपील सं./I.T.A.Nos.742 & 743/Chny/2017 ("नधा"रणवष" / Assessment Years: 2011-12 & 2012-13) Vs The Deputy Commissioner Of M/S. Lavanya Jewels Income Tax, C/O. S.Sridhar, Advocate Circle-Ii New No.14 Old No.82, Flat No.5 Coimbatore. 1St Avenue, Indira Nagar, Adyar Chennai-600 020. Pan: Aacfl 9876D (अपीलाथ"/Appellant) (""यथ"/Respondent)

TDS return statement and depreciation schedule, but could not furnish books of account along with sale and purchase bills, when

MVR SHIPPLING SERVICES PVT LTD.,CHENNAI vs. ITO, CORPORAE WARD-4(1), CHENNAI

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

Bench: Shri V. Durga Rao & Shri Manjunatha, G.आयकर अपील सं./I.T.A. No.705/Chny/2023 िनधा"रण वष"/Assessment Year: 2018-19 Mvr Shipping Services Pvt. Ltd., Vs. The Income Tax Officer, No. 3, Jaffar Syrang Street, Parrys, Corporate Ward 4(1), Chennai 600 001. Chennai. [Pan:Aabcm4775G] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri N.V. Narayanan, Advocate ""थ" की ओर से/Respondent By : Shri Ar V Sreenivasan, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 26.06.2023 घोषणा की तारीख /Date Of Pronouncement : 26.06.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi Dated 10.01.2023 Relevant To The Assessment Year 2018-19. 2. The Appeal Filed By The Assessee Is Delayed By 80 Days In Filing The Appeal & Filed A Petition For Condonation Of Delay In Support Of An Affidavit To Which; The Ld. Dr Has Not Raised Any Serious Objection.

depreciation claim, (ii) default in TDS & disallowance for such default & (iii) unsecured loans. Accordingly, notice under section 143(2) of the Act dated

DCIT, CHENNAI vs. SHRIRAM EPC LIMITED, CHENNAI

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

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy]

Depreciation on plant and machinery disallowed during assessment year 2010-2011 18,80,807 ITA Nos.1604-1740-2011—14-2744/16 :- 21 -: Being aggrieved by the above additions, the assessee- 29. company preferred an appeal before ld. CIT(A), who vide impugned order partly allowed the appeal by setting aside the issue of credit for TDS

DCIT, CHENNAI vs. SHRIRAM EPC LIMITED, CHENNAI

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

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy]

Depreciation on plant and machinery disallowed during assessment year 2010-2011 18,80,807 ITA Nos.1604-1740-2011—14-2744/16 :- 21 -: Being aggrieved by the above additions, the assessee- 29. company preferred an appeal before ld. CIT(A), who vide impugned order partly allowed the appeal by setting aside the issue of credit for TDS

SHRIRAM EPC LTD.,CHENNAI vs. DCIT, CHENNAI

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

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy]

Depreciation on plant and machinery disallowed during assessment year 2010-2011 18,80,807 ITA Nos.1604-1740-2011—14-2744/16 :- 21 -: Being aggrieved by the above additions, the assessee- 29. company preferred an appeal before ld. CIT(A), who vide impugned order partly allowed the appeal by setting aside the issue of credit for TDS

DCIT, CHENNAI vs. SHRIRAM EPC LIMITED, CHENNAI

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

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy]

Depreciation on plant and machinery disallowed during assessment year 2010-2011 18,80,807 ITA Nos.1604-1740-2011—14-2744/16 :- 21 -: Being aggrieved by the above additions, the assessee- 29. company preferred an appeal before ld. CIT(A), who vide impugned order partly allowed the appeal by setting aside the issue of credit for TDS

SHRIRAM EPC LTD.,CHENNAI vs. DCIT, CHENNAI

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

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy]

Depreciation on plant and machinery disallowed during assessment year 2010-2011 18,80,807 ITA Nos.1604-1740-2011—14-2744/16 :- 21 -: Being aggrieved by the above additions, the assessee- 29. company preferred an appeal before ld. CIT(A), who vide impugned order partly allowed the appeal by setting aside the issue of credit for TDS

DCIT, CHENNAI vs. SHRIRAM EPC LIMITED, CHENNAI

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

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy]

Depreciation on plant and machinery disallowed during assessment year 2010-2011 18,80,807 ITA Nos.1604-1740-2011—14-2744/16 :- 21 -: Being aggrieved by the above additions, the assessee- 29. company preferred an appeal before ld. CIT(A), who vide impugned order partly allowed the appeal by setting aside the issue of credit for TDS

M/S ENEXIO POWER COOLING SOLUTIONS INDIA PVT LTD (FORMERLY KNOWN AS M/S GEA COOLING TOWER TECHNOLOGIES (INDIA) P LTD,CHENNAI vs. ACIT (OSD) CORP RANGE 2, CHENNAI

In the result, the assessee’s appeal is partly allowed

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकरअपीलसं/.I.T.A. No. 509/Chny/2018 "नधा"रणवष"/Assessment Year : 2014-15

TDS at Rs. 21,526/- and restricted depreciation on software license @ 25% as against assessee’s claim at 60%. Aggrieved

S.SATHYARAJ,CHENNAI vs. ITO NON CORPORATE CIRCLE 3(1), CHENNAI

In the result, the assessee’s appeals for both the assessment years are partly allowed

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A.Nos.1219 & 1220/Chny/2019 (िनधा"रण वष" / Assessment Years: 2009-10 & 2014-15) Vs The Income Tax Officer, Shris. Sathyaraj, No.13A, Brahadambal Road, Non-Corporate Ward-3(1), Nungambakkam, Namakkal. Chennai – 600 034. Pan: Aafps6100C (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri J. Chandrasekar, Ca ""यथ" क" ओर से/Respondent By : Shri Ar.V. Sreenivasan, Jcit

TDS portion. With regard to the issue of depreciation disallowance, the ld.CIT(A) held that as per Section 72, the business

S.SATHYARAJ,CHENNAI vs. ITO NON CORPORATE CIRCLE 3(1), CHENNAI

In the result, the assessee’s appeals for both the assessment years are partly allowed

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A.Nos.1219 & 1220/Chny/2019 (िनधा"रण वष" / Assessment Years: 2009-10 & 2014-15) Vs The Income Tax Officer, Shris. Sathyaraj, No.13A, Brahadambal Road, Non-Corporate Ward-3(1), Nungambakkam, Namakkal. Chennai – 600 034. Pan: Aafps6100C (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri J. Chandrasekar, Ca ""यथ" क" ओर से/Respondent By : Shri Ar.V. Sreenivasan, Jcit

TDS portion. With regard to the issue of depreciation disallowance, the ld.CIT(A) held that as per Section 72, the business

TULIP VALVES AND CONTROLS ,CHENNAI vs. ACIT, NCC-15(1), CHENNAI

In the result, the appeal of assessee is partly allowed

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy]

Depreciation Rate Amount Rate Amount Honda car/ 15% 39475 50% 131585 92110 2,63,169 Toyota car/ 15% 45256 50% 150853 105597 3,01,706 1,97,707 iii) It is seen from 26 AS that TDS