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

disallowance\nunder section 14A r.w. Rule 8D is not applicable to insurance companies\ndue to the special provisions of section 44 of the Act. Similarly, in the\ncase of Cholamandalam MS General Insurance Co. Ltd. v. DCIT [2025]\n174 taxmann.com 603 (Madras), the Hon'ble High Court of Madras was\npleased to hold that the provisions of section

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

disallowance\nunder section 14A r.w. Rule 8D is not applicable to insurance companies\ndue to the special provisions of section 44 of the Act. Similarly, in the\ncase of Cholamandalam MS General Insurance Co. Ltd. v. DCIT [2025]\n174 taxmann.com 603 (Madras), the Hon'ble High Court of Madras was\npleased to hold that the provisions of section

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

disallowance\nunder section 14A r.w. Rule 8D is not applicable to insurance companies\ndue to the special provisions of section 44 of the Act. Similarly, in the\ncase of Cholamandalam MS General Insurance Co. Ltd. v. DCIT [2025]\n174 taxmann.com 603 (Madras), the Hon'ble High Court of Madras was\npleased to hold that the provisions of section

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

5\n| AY 2013-14 | Assessee (ITA No. 1206/CHNY/2024)\n| 2 to 4\n| AY 2014-15 | Assessee (ITA No. 1207/CHNY/2024)\n| 2 to 4\n\n4.1 The facts relating to the issue of disallowance under section 14A\nof the Act is common for all the AYs being AY 2011-12 to AY 2014-\n15 except

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:

section 10(23C)(iiiad) of the Act r.w.r. 2BC of I.T. Rules, 1962. Further, the assessee relied on various judicial precedents wherein the Hon’ble Courts have held that each educational institution is a separate entity controlled under various status for various purposes even though the management of these institutions would be in the hands of one society

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

5\nAY 2013-14\nAssessee (ITA No. 1206/CHNY/2024)\n2 to 4\nAY 2014-15\nAssessee (ITA No. 1207/CHNY/2024)\n2 to 4\n4.1 The facts relating to the issue of disallowance under Section 14A\nof the Act is common for all the AYs being AY 2011-12 to AY 2014-\n15 except AY 2010-11.\n4.2 Facts

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

5\nAY 2013-14\nAssessee (ITA No. 1206/CHNY/2024)\n2 to 4\nAY 2014-15\nAssessee (ITA No. 1207/CHNY/2024)\n2 to 4\n\n4.1 The facts relating to the issue of disallowance under section 14A\nof the Act is common for all the AYs being AY 2011-12 to AY 2014-\n15 except AY 2010-11.\n\n4.2 Facts

ACIT, CORPORATE CIRCLE 1(1), CHENNAI vs. CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED (FORMERLY FUTURE SOFT PRIVATE LIMITED), CHENNAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunathaआयकर अपील सं./Ita No.420/Chny/2024 िनधा"रण वष"/Assessment Year: 2006-07 V. The Acit, Capgemini Technology Corporate Circle-1(1), Services India Ltd., Block 3, ‘C’ Wing, 4Th Floor, Chennai. Capgemini Knowledge Park, Airoli Knowledge Park, Thane Belapur Road, Navi Mumbai- 400 708. [Pan: Aaacf 0482 E] (अपीलाथ"/Appellant) (""यथ"/Respondent)

disallowed in the Intimation u/s 143(1) on account of failure of the assessee to furnish the audit report in Form 56F along with the return of income. Sub-section (8) of section 10AA provides that the provisions of sub-section (5) of section 10A shall apply to in relation to the deduction specified in section 10AA(1). The said

MAHENDRA KUMAR DAMANI,VIRUTHUNAGAR vs. ADIT(CPC), BENGALORE

In the result, appeal filed by the assessee for the AY 2016-17 is

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita Nos.805 & 806/Chny/2022 िनधा"रण वष" /Assessment Years: 2016-17 & 2019-20 Mr.Mahendra Kumar Damani, V. The Asst. Director Of- 7/5, Velayutham Rastha, Sivakasi, Income Tax, Virudhunagar District-626 123. Cpc, Bangalore.

disallowed in the Intimation u/s 143(1) on account of failure of the assessee to furnish the audit report in Form 56F along with the return of income. Sub-section (8) of section 10AA provides that the provisions of sub-section (5) of section 10A shall apply to in relation to the deduction specified in section 10AA(1). The said

MAHENDRA KUMAR DAMANI,VIRUTHUNAGAR vs. ADIT(CPC), BENGALORE

In the result, appeal filed by the assessee for the AY 2016-17 is

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita Nos.805 & 806/Chny/2022 िनधा"रण वष" /Assessment Years: 2016-17 & 2019-20 Mr.Mahendra Kumar Damani, V. The Asst. Director Of- 7/5, Velayutham Rastha, Sivakasi, Income Tax, Virudhunagar District-626 123. Cpc, Bangalore.

disallowed in the Intimation u/s 143(1) on account of failure of the assessee to furnish the audit report in Form 56F along with the return of income. Sub-section (8) of section 10AA provides that the provisions of sub-section (5) of section 10A shall apply to in relation to the deduction specified in section 10AA(1). The said

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

5\nAY 2013-14\nAssessee (ITA No. 1206/CHNY/2024)\n2 to 4\nAY 2014-15\nAssessee (ITA No. 1207/CHNY/2024)\n2 to 4\n4.1 The facts relating to the issue of disallowance under section 14A\nof the Act is common for all the AYs being AY 2011-12 to AY 2014-\n15 except AY 2010-11.\n4.2 Facts

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

5\nAY 2013-14\nAssessee (ITA No. 1206/CHNY/2024)\n2 to 4\nAY 2014-15\nAssessee (ITA No. 1207/CHNY/2024)\n2 to 4\n4.1 The facts relating to the issue of disallowance under section 14A\nof the Act is common for all the AYs being AY 2011-12 to AY 2014-\n15 except AY 2010-11.\n4.2 Facts

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

5\nAY 2013-14\nAssessee (ITA No. 1206/CHNY/2024) 2 to 4\nAY 2014-15\nAssessee (ITA No. 1207/CHNY/2024) 2 to 4\n4.1 The facts relating to the issue of disallowance under Section 14A\nof the Act is common for all the AYs being AY 2011-12 to AY 2014-\n15 except AY 2010-11.\n4.2 Facts

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

5\nAY 2013-14\nAssessee (ITA No. 1206/CHNY/2024)\n2 to 4\nAY 2014-15\nAssessee (ITA No. 1207/CHNY/2024)\n2 to 4\n4.1 The facts relating to the issue of disallowance under section 14A\nof the Act is common for all the AYs being AY 2011-12 to AY 2014-\n15 except AY 2010-11.\n4.2 Facts

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)

5. The Id. CIT(A) has erred in deleting the disallowance made in the computation of ‘Book Profits’ made u/s.115JB of the Act of the amount of expenditure disallowed u/s.14A r.w.Rule 8D of the Act, amounting to Rs.2,71,85,283/- without appreciating that as clause (f) of Explanation (1) to Section 115JB, such a disallowance is required

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)

5. The Id. CIT(A) has erred in deleting the disallowance made in the computation of ‘Book Profits’ made u/s.115JB of the Act of the amount of expenditure disallowed u/s.14A r.w.Rule 8D of the Act, amounting to Rs.2,71,85,283/- without appreciating that as clause (f) of Explanation (1) to Section 115JB, such a disallowance is required

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

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

5 is against the confirming disallowances of mark to\nmarket losses on current investment of Rs 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

CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED,CHENNAI, TAMIL NADU vs. DEPUTY COMMISSIONER OF INCOME-TAX (DCIT), CHENNAI-1, CHENNAI, TAMIL NADU

In the result, the appeal of the Revenue is partly allowed

section 43(5) of the\nAct.\"\n5.11 Based on the above submission, the Id.AR prayed that the\nexpenditure i.e., the premium amortized as a result of the forward\ncontract be allowed as an expenditure by deleting the disallowance\nmade by AO of Rs.6,27,10