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

section 40(a)(ia) of the Act:\nThe next issue in this appeal of assessee is as regards to the\norder of Ld.CIT(A) in confirming the action of the AO in making\ndisallowance u/s.40(a)(ia) of the Act on the payment towards\nSoftware Annual Maintenance Charges ('Software AMC') and\npayments towards license to use software ('Software License

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:

25,22,839/- as total receipt. The assessee was not filed their ITR for the year under consideration. As the assessee is not eligible for exemption u/s.10(23C)(iiad). Hence, Rs.60,07,821/- (1,58,10,382-98,02,561) is to be disallowed and added, and assessed as income of the assessee. Penalty proceeding u/s.270A

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

10\n(b) Payments towards license to use software ('Software\nLicense')\nAssessment\nYear\nAppeal by\nGround\nNo.\nAY 2010-11\nAssessee (ITA No. 1193/CHNY/2024)\n12 to 17\nAY 2011-12\nAssessee (ITA No. 1194/Chny/2024)\n12 to 17\nAY 2012-13\nAssessee (ITA No. 1205/CHNY/2024)\n11 to 16\n8.1 During the AY 2010-11, the assessee had made payments to\nnon

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

10\n\n(b) Payments towards license to use software ('Software\nLicense')\n\nAssessment\nYear\nAppeal by\nGround\nNo.\nAY 2010-11\nAssessee (ITA No. 1193/CHNY/2024)\n12 to 17\nAY 2011-12\nAssessee (ITA No. 1194/Chny/2024)\n12 to 17\nAY 2012-13\nAssessee (ITA No. 1205/CHNY/2024)\n11 to 16\n\n8.1 During the AY 2010-11, the assessee had made

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

10\n(b) Payments towards license to use software ('Software\nLicense')\nAssessment\nYear\nAppeal by\nGround\nNo.\nAY 2010-11\nAssessee (ITA No. 1193/CHNY/2024)\n12 to 17\nAY 2011-12\nAssessee (ITA No. 1194/Chny/2024)\n12 to 17\nAY 2012-13\nAssessee (ITA No. 1205/CHNY/2024)\n11 to 16\n8.1 During the AY 2010-11, the assessee had made payments to\nnon

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

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

disallowance u/s. 14A of the Act - Rs.\n134,25,40,754:\n3. The assessee company received a dividend of Rs 134.25 crores\nduring the relevant previous year, and claimed net income on the\ndividend of Rs 133,50,42,218 as exempt income under Section 10

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

10\n(b) Payments towards license to use software ('Software\nLicense')\nAssessment\nYear\nAppeal by\nGround\nNo.\nAY 2010-11\nAssessee (ITA No. 1193/CHNY/2024)\n12 to 17\nAY 2011-12\nAssessee (ITA No. 1194/Chny/2024)\n12 to 17\nAY 2012-13\nAssessee (ITA No. 1205/CHNY/2024)\n11 to 16\n8.1 During the AY 2010-11, the assessee had made payments to\nnon

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

10\n(b) Payments towards license to use software ('Software\nLicense')\nAssessment\nAppeal by\nGround\nYear\nNo.\nAY 2010-11\nAssessee (ITA No. 1193/CHNY/2024) 12 to 17\nAY 2011-12\nAssessee (ITA No. 1194/Chny/2024)\n12 to 17\nAY 2012-13\nAssessee (ITA No. 1205/CHNY/2024)\n11 to 16\n8.1 During the AY 2010-11, the assessee had made payments to\nnon

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

10\n(b) Payments towards license to use software (`Software\nLicense')\nAssessment\nYear\nAppeal by\nGround\nNo.\nAY 2010-11\nAssessee (ITA No. 1193/CHNY/2024)\n12 to 17\nAY 2011-12\nAssessee (ITA No. 1194/Chny/2024)\n12 to 17\nAY 2012-13\nAssessee (ITA No. 1205/CHNY/2024)\n11 to 16\n8.1 During the AY 2010-11, the assessee had made payments to\nnon

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)

25. Ground No. 1 is general in nature and hence, doesn’t require any adjudication, therefore, we move to Ground No. 2, which is Issue 3: Disallowance of set-off of losses incurred by units eligible for deduction under section 10A and 10AA against other taxable income. 26. The facts relating to the issue of disallowance

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)

25. Ground No. 1 is general in nature and hence, doesn’t require any adjudication, therefore, we move to Ground No. 2, which is Issue 3: Disallowance of set-off of losses incurred by units eligible for deduction under section 10A and 10AA against other taxable income. 26. The facts relating to the issue of disallowance

ASSISTANT COMMISSIONER OF INCOME TAX LTU CIRCLE 1 CHENNAI, CHENNAI vs. CARBORUNDUM UNIVERSAL LIMITED, CHENNAI

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon’Ble Amitabh Shuklaआयकर अपील सं./ It(Tp)A Nos.2, 3 & 4/Chny/2025 िनधा@रण वष@ /Assessment Years: 2012-13, 2013-14 & 2017-18

disallowance under Section 14 A at ₹25,92,856/-. IT(TP)A Nos.2, 3 & 4/Chny/2025 & Carborundum Universal Ltd. :- 10 -: On appeal

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

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

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.877/Chny/2018 & 677/Chny/2020 िनधा&रण वष& /Assessment Years: 2010-11

disallowance u/s. 14A of the Act - Rs. 134,25,40,754: 3. The assessee company received a dividend of Rs 134.25 crores during the relevant previous year, and claimed net income on the dividend of Rs 133,50,42,218 as exempt income under Section 10

DCIT CORPORATE CIRCLE 2(2), CHENNAI vs. IDFC LIMITED, CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.877/Chny/2018 & 677/Chny/2020 िनधा&रण वष& /Assessment Years: 2010-11

disallowance u/s. 14A of the Act - Rs. 134,25,40,754: 3. The assessee company received a dividend of Rs 134.25 crores during the relevant previous year, and claimed net income on the dividend of Rs 133,50,42,218 as exempt income under Section 10

M/S. UPDATER SERVICES LTD.,CHENNAI vs. DCIT, CENTRAL CIRCLE-2(3), CHENNAI

In the result, the grounds of appeal raised by both the assessee and the Revenue, as well as the grounds raised in the cross-objections filed by the assessee, are treated as allowed for statistical...

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunathaआयकर अपील सं./Ita No.:1339 /Chny/2025 िनधा#रण वष# / Assessment Year: 2017-18 M/S. Updater Services Limited (Formerly Dcit, Known As Updater Services Private Vs. Central Circle -2(3), Limited), No.2/302-A, Uds Salai, Chennai. Off Old Mahabalipuram Road, Thoraipakkam, Chennai – 600 097. [Pan:Aaacu-6845-J] (अपीलाथ%/Appellant) (&'थ%/Respondent)

Disallowance of interest expenditure of Rs.5,70,62,500/- under Section 36(1)(iii) of the Act, being computed at 10% of the buyback value, i.e., Rs.57,06,25

ACIT, CHENNAI vs. UPDATER SERVICES LIMITED, CHENNAI

In the result, the grounds of appeal raised by both the assessee and the Revenue, as well as the grounds raised in the cross-objections filed by the assessee, are treated as allowed for statistical...

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunathaआयकर अपील सं./Ita No.:1339 /Chny/2025 िनधा#रण वष# / Assessment Year: 2017-18 M/S. Updater Services Limited (Formerly Dcit, Known As Updater Services Private Vs. Central Circle -2(3), Limited), No.2/302-A, Uds Salai, Chennai. Off Old Mahabalipuram Road, Thoraipakkam, Chennai – 600 097. [Pan:Aaacu-6845-J] (अपीलाथ%/Appellant) (&'थ%/Respondent)

Disallowance of interest expenditure of Rs.5,70,62,500/- under Section 36(1)(iii) of the Act, being computed at 10% of the buyback value, i.e., Rs.57,06,25

MENAKURU SUKUMAR REDDY,HYDERABAD vs. DCIT(A), CHENNAI

In the result the appeal of the revenue is dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunatha

section 69A of the Act. b) Wrongful addition made amounting to Rs.7,04,50,000/- towards unexplained credits u/s. 69A of the Act 5.3 ITA 993/CHNY/2025 – A.Y. 2017-18 a) The Addition as made by AO of Rs.8,00,10,000/- as unexplained credits u/s.69A of the Act. b) Wrong addition amounting to Rs.11,58,03,416/- made as unexplained

MENAKURU SUKUMAR REDDY,HYDERABAD vs. DCIT(A), CHENNAI

In the result the appeal of the revenue is dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunatha

section 69A of the Act. b) Wrongful addition made amounting to Rs.7,04,50,000/- towards unexplained credits u/s. 69A of the Act 5.3 ITA 993/CHNY/2025 – A.Y. 2017-18 a) The Addition as made by AO of Rs.8,00,10,000/- as unexplained credits u/s.69A of the Act. b) Wrong addition amounting to Rs.11,58,03,416/- made as unexplained

ACIT, CHENNAI vs. MENAKURU SUKUMAR REDDY , CHENNAI

section 69A of the Act.\nb) Wrongful addition made amounting to Rs.7,04,50,000/- towards\nunexplained credits u/s. 69A of the Act\n5.3 ITA 993/CHNY/2025 – A.Y. 2017-18\na) The Addition as made by AO of Rs.8,00,10,000/- as unexplained credits\nu/s.69A of the Act.\nb) Wrong addition amounting to Rs.11,58,03,416/- made as unexplained