UNITED INDIA INSURANCE CO LIMITED,CHENNAI vs. PCIT-3, CHENNAI

In the result, the appeals for AY 2014-15, 2016-17 & 2017-18 are partly allowed and appeals for AY 2015-16 & 2017-18 (in ITA No

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.1759/Chny/2019, 182 & 183/Chny/2021, 430/Chny/2022 & 683/Chny/2023 िनधा"रण वष"/Assessment Years: 2014-15, 2015-16, 2016-17 & 2017-18 United India Insurance Co. Ltd., Vs. The Principal Commissioner Of O/O The Chief Manager, Cfac Income Tax – 3, Department, Head Office, United India Chennai 600 034. Nalanda, Door No. 19, Ground Floor, 4Th Lane, Utamar Gandhi Salai, Chennai 600 034. [Pan:Aaacu5552C] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Sundararaman, Ca ""थ" की ओर से/Respondent By : Ms. V. Pushpa, Sr. Standing Counsel (Virtual) सुनवाई की तारीख/ Date Of Hearing : 07.10.2025 घोषणा की तारीख /Date Of Pronouncement : 05.01.2026 आदेश /O R D E R Per S.S. Viswanethra Ravi: The Appeal In Ita No. 1759/Chny/2019 Filed By The Assessee Is Directed Against The Order Dated 29.03.2019 Passed By The Ld. Principal Commissioner Of Income Tax-3, Chennai For The Assessment Year 2014- 15. The Appeals In Ita No. 182 & 183/Chny/2021 Are Filed By The Assessee Against Different Orders Both Dated 28.03.2021 Passed By The Ld. Pcit-3, Chennai For The Assessment 2015-16 & 2016-17. The 2

disallowance of provisions on account of IBNR and IBNER claims charged to P & L account by holding it to be unascertained liability and not allowable under section 37(1) of the Act and added back to the total income under the normal provisions. It is noted that the ld. PCIT under section 263 of the Act, having found the same

UNITED INDIA INSURANCE CO LTD,CHENNAI vs. PCIT, CHENNAI

disallowance of provisions on account of IBNR and IBNER\nclaims charged to P & L account by holding it to be unascertained liability\nand not allowable under section 37(1) of the Act and added back to the\ntotal income under the normal provisions. It is noted that the Id. PCIT\nunder section 263 of the Act, having found the same

UNITED INDIA INSURANCE CO.LIMITED,CHENNAI vs. PCIT-3, CHENNAI

disallowance of provisions on account of IBNR and IBNER\nclaims charged to P & L account by holding it to be unascertained liability\nand not allowable under section 37(1) of the Act and added back to the\ntotal income under the normal provisions. It is noted that the Id. PCIT\nunder section 263 of the Act, having found the same

UNITED INDIA INSURANCE CO.LTD,CHENNAI vs. PCIT-3,, CHENNAI

disallowance of provisions on account of IBNR and IBNER\nclaims charged to P & L account by holding it to be unascertained liability\nand not allowable under section 37(1) of the Act and added back to the\ntotal income under the normal provisions. It is noted that the Id. PCIT\nunder section 263 of the Act, having found the same

UNITED INDIA INSUANCE CO LIMITED,CHENNAI vs. PCIT 3, CHENNAI

disallowance of provisions on account of IBNR and IBNER\nclaims charged to P & L account by holding it to be unascertained liability\nand not allowable under section 37(1) of the Act and added back to the\ntotal income under the normal provisions. It is noted that the Id. PCIT\nunder section 263 of the Act, having found the same

ADIT, CHENNAI vs. S A A ISPAHANI TRUST, CHENNAI

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

Bench: Shri Manu Kumar Giri & Shri S.R. Raghunatha

disallowed as application during the assessment for A.Y.2001-02. The Tribunal in its order in ITA Nos.2124 & 2125/Mds/2007 for the Asst Years 2001-02 and 2003-04 dated 12.09.2008 relied on the Apex court order in the case of Kapurchand Srimal v.CIT Andhra Pradesh 131 ITR 451 and directed for further investigation on the violation of the Section 13

COGNIZANT TECHNOLOGY SOLUTIONS INDIA PRIVATE LIMITED,CHENNAI vs. THE ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE 1(1), CHENNAI

13 -\nITA Nos.1193, 1194, 1205 to 1207,\n1262 to 1266/CHNY/2024\n\n6.1 Aggrieved by the aforesaid action of Ld. CIT(A), the Assessee\nis in appeal before us. For AY 2011-12 to AY 2014-15, the Assessee\nsubmitted that no disallowance under section 14A of the Act read\nwith Rule 8D shall be made where there is no exempt

ICF SILVER JUBILEE NURSERY & PRIMARY SCHOOL,CHENNAI vs. DCIT NON CORP WARD 10(1), CHENNAI

In the result the appeal of the assessee is allowed

Bench: Shri Manu Kumar Giri, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 126/Chny/2024 िनधा"रण वष" / Assessment Year: 2018-19 Icf Silver Jubilee Nursery & Deputy Commissioner Of Income Primary School, V. Tax, Konnur High Road, Non Corporate Ward -10(1), Chennai – 600 038. Chennai. [Pan: Aabai-0461-P] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. D. Anand, Advocate ""यथ" क" ओर से/Respondent By : Ms. R. Anita, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 04.02.2025 घोषणा क" तारीख/Date Of Pronouncement : 14.02.2025 आदेश /O R D E R Per S. R. Raghunatha:

disallowing the exemption as claimed by the assessee needs to be upheld. 11. We have heard rival contentions perused the material available on record and gone through the orders of the authorities below. It is admitted fact that the assessee is a society duly registered under Societies Registration Act, 1860 in :-15-: ITA. No: 126/Chny/2024 the year 1964 formed

SREE RAGHAVENDRA EDUCATIONAL SOCIETY,CHENNAI vs. ITO (EXEMPTIONS) WARD 4, CHENNAI

In the result, appeals filed by the assessee for both the assessment years are allowed for statistical purposes

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.: 834 & 835/Chny/2024 िनधा"रण वष" / Assessment Years: 2011-12 & 2015-16

10. With respect to the loans and advances to the related party the assessee submits that a) no part of the trust funds has been diverted as loan to the interested parties, more so in the impugned assessment year, for the purpose of invoking section 13(1)(c) r.w.s. 13(2)(b) of the Act. As observed

SREE RAGHAVENDRA EDUCATIONAL SOCIETY,CHENNAI vs. ITO (EXEMPTIONS) WARD 1, CHENNAI

In the result, appeals filed by the assessee for both the assessment years are allowed for statistical purposes

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.: 834 & 835/Chny/2024 िनधा"रण वष" / Assessment Years: 2011-12 & 2015-16

10. With respect to the loans and advances to the related party the assessee submits that a) no part of the trust funds has been diverted as loan to the interested parties, more so in the impugned assessment year, for the purpose of invoking section 13(1)(c) r.w.s. 13(2)(b) of the Act. As observed

ASSISTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. COGNIZANT TECHNOLOGY SOLUTIONS INDIA PRIVATE LIMITED, CHENNAI

13 -\nITA Nos.1193, 1194, 1205 to 1207,\n1262 to 1266/CHNY/2024\n\n6.1 Aggrieved by the aforesaid action of Ld. CIT(A), the Assessee\nis in appeal before us. For AY 2011-12 to AY 2014-15, the Assessee\nsubmitted that no disallowance under section 14A of the Act read\nwith Rule 8D shall be made where there is no exempt

DEPUTY COMMISSIONER OF INCOME TAX, EXEMPTIONS CIRCLE, CHENNAI, INCOME TAX DEPARTMENT vs. THE INDIAN INSTITUTE OF ENGINEERING TECHNOLOGY, CHENNAI

In the result the appeal of the Revenue dismissed

Bench: Shri Mahavir Singh & Shri S.R. Raghunathaआयकर अपील सं./Ita No.679/Chny/2024 िनधा;रण वष; /Assessment Year: 2012-13 The Dy. Commissioner Of The Indian Institute Of Engineering Income Tax, Vs. Technology, Exemptions Circle, 363, Arcot Road, Kodambakkam, Chennai. Chennai – 600 024. [Pan: Aaatt 2768C] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथH की ओर से/ Assessee By : Shri R. Vijayaraghavan, Advocate JkथH की ओर से /Revenue By : Shri N. Sanjay Gandhi, Jcit सुनवाई की तारीख/Date Of Hearing : 11.06.2024 घोषणा की तारीख /Date Of Pronouncement : 30.08.2024 आदेश / O R D E R Per S.R. Raghunatha, A.M : This Appeal By The Revenue Is Arising Out Of The Order Of The Commissioner Of Income Tax (Appeals), (Nfac), Delhi [Hereinafter “Cit(A)] In Din & Order No.Itba/Nfac/S/250/2023- 24/1059500064(1), Dated 09.01.2024. The Assessment Was Framed By The Assessing Officer For The Assessment Year 2012-13 U/S.143(3) Of The Income Tax Act, 1961 (Hereinafter The ‘Act’), Vide Order Dated 20.03.2015. :- 2 -: 2. There Is A Delay Of 06 Days In Filing The Appeal By The Revenue.

Section 13(1)(c) & 13(1)(d) r.w.s. 11(5) of the Act, the AO denied the exemption U/s.11 of the Act and brought the surplus of the Trust to taxation. The AO also disallowed the depreciation of Rs.97,90,776/- on addition to fixed assets stating that the assessee has already claimed the acquisition of assets as application

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

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

13,96,48,468/-\n21. The AO has disallowed mark to market losses on current\ninvestment on the ground that it is notional loss. The AO has also\nplaced reliance on CBDT Instruction No.03/2020. The Ld CIT(A) has\nconfirmed the disallowances. The Ld AR has argued that mark to\nmarket loss is on the current investment and accounted

COGNIZANT TECHNOLOGY SOLUTIONS INDIA PRIVATE LIMITED,CHENNAI vs. THE ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE 1(1),, CHENNAI

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.1193, 1194, 1205, 1206 & 1207/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs Cognizant Technology Solutions The Asst. Commissioner India Pvt. Ltd., Of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita Nos.1262, 1263, 1264, 1265 & 1266/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs The Asst. Commissioner Of Cognizant Technology Income Tax, Solutions India Pvt. Ltd., Central Circle 1(1), No.5/535, Okkiam Chennai. Thoraipakkam, Old Mahabalipuram Road, Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent)

10. The learned CIT(A) has erred in not considering the submissions of the Appellant that the said issue is decided by the Hon’ble ITAT in the Appellant’s favor in an earlier AY in ITA No. 1202/Mds/2013. 11. Without prejudice to the above, the learned CIT(A) has failed to consider the fact that disallowance under section

COGNIZANT TECHNOLOGY SOLUTIONS INDIA PRIVATE LIMITED,CHENNAI vs. THE ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE 1(1),, CHENNAI

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.1193, 1194, 1205, 1206 & 1207/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs Cognizant Technology Solutions The Asst. Commissioner India Pvt. Ltd., Of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita Nos.1262, 1263, 1264, 1265 & 1266/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs The Asst. Commissioner Of Cognizant Technology Income Tax, Solutions India Pvt. Ltd., Central Circle 1(1), No.5/535, Okkiam Chennai. Thoraipakkam, Old Mahabalipuram Road, Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent)

10. The learned CIT(A) has erred in not considering the submissions of the Appellant that the said issue is decided by the Hon’ble ITAT in the Appellant’s favor in an earlier AY in ITA No. 1202/Mds/2013. 11. Without prejudice to the above, the learned CIT(A) has failed to consider the fact that disallowance under section

INCOME TAX OFFICER, BIBIKULAM MADURAI vs. D N PUBLIC CHARITABLE TRUST, ARASARADI MADURAI TAMIL NADU

10,96,322\n35,64,850\n4%\n7,67,41,894\n7\n2017-15\n8,56,71,975\n0\n0%\n8,56,71,975\nIt is clear from the above tabulation that the receipts by way of CT scan fees of\nthe company M/s Dhevaki Diagnostic Pvt Ltd., has been substantially increased\nafter the installation of the assessee trust

INCOME TAX OFFICER, BIBIKULAM MADURAI vs. D N PUBLIC CHARITABLE TRUST, ARASARADI MADURAI TAMIL NADU

In the result, appeals filed by the Revenue are dismissed\nand Cross Objections filed by the assessee are partly allowed

10,96,322\n35,64,850\n4%\n7,67,41,894\n7\n2017-15\n8,56,71,975\n0\n0%\n8,56,71,975\nIt is clear from the above tabulation that the receipts by way of CT scan fees of\nthe company M/s Dhevaki Diagnostic Pvt Ltd., has been substantially increased\nafter the installation of the assessee trust

JEPPIAR EDUCATIONAL TRUST,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(3), CHENNAI

In the result, appeals filed by the assessee for all four assessment years are allowed

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita Nos.: 480, 481, 482 & 483/Chny/2023 िनधा"रण वष" / Assessment Years: 2017-18, 2018-19, 2019-20 & 2020-21 Jeppiaar Educational Trust, The Deputy/Assistant 29A, Ganapathy Street, V. Commissioner Of Income Tax, Royapettah, Central Circle -1(3), Chennai – 600 014. Chennai. [Pan: Aaatj-0562-E] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. B. Ramakrishnan, Fca ""यथ" क" ओर से/Respondent By : Shri. R. Clement Ramesh Kumar, Cit सुनवाई क" तारीख/Date Of Hearing : 24.07.2023 घोषणा क" तारीख/Date Of Pronouncement : 23.08.2023

13(1)(c) of the Act, and thus, rejected arguments of the assessee and sustained additions made by the Assessing Officer towards refund money as income of the trust. The relevant findings of the ld. CIT(A) are as under: :-6-: ITA. No:480 to 483 /Chny/2023 “10. DECISION ALONG WITH REASONS: 10.1 After considering the assessment orders and submissions

JEPPIAR EDUCATIONAL TRUST,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(3), CHENNAI

In the result, appeals filed by the assessee for all four assessment years are allowed

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita Nos.: 480, 481, 482 & 483/Chny/2023 िनधा"रण वष" / Assessment Years: 2017-18, 2018-19, 2019-20 & 2020-21 Jeppiaar Educational Trust, The Deputy/Assistant 29A, Ganapathy Street, V. Commissioner Of Income Tax, Royapettah, Central Circle -1(3), Chennai – 600 014. Chennai. [Pan: Aaatj-0562-E] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. B. Ramakrishnan, Fca ""यथ" क" ओर से/Respondent By : Shri. R. Clement Ramesh Kumar, Cit सुनवाई क" तारीख/Date Of Hearing : 24.07.2023 घोषणा क" तारीख/Date Of Pronouncement : 23.08.2023

13(1)(c) of the Act, and thus, rejected arguments of the assessee and sustained additions made by the Assessing Officer towards refund money as income of the trust. The relevant findings of the ld. CIT(A) are as under: :-6-: ITA. No:480 to 483 /Chny/2023 “10. DECISION ALONG WITH REASONS: 10.1 After considering the assessment orders and submissions