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)

disallowance under section 40(a)(i) results in enhancement of business income and the same shall be eligible for enhanced deduction under section 10A/ 10AA of the Act. Others 18. The learned AO has erred in law and facts, by initiating penalty proceedings under section 274 read with section 271(1)(c) of the Act, without appreciating the contentions placed

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)

disallowance under section 40(a)(i) results in enhancement of business income and the same shall be eligible for enhanced deduction under section 10A/ 10AA of the Act. Others 18. The learned AO has erred in law and facts, by initiating penalty proceedings under section 274 read with section 271(1)(c) of the Act, without appreciating the contentions placed

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

10A/ 10AA of the Act.\nOthers\n19. The learned AO has erred in law and facts, by initiating penalty\nproceedings under Section 274 read with Section 271(1)(c) of the Act, without\nappreciating the contentions placed in the above grounds.\nThe Appellant craves leave to add, supplement, amend, delete or otherwise\nmodify any of the grounds stated hereinabove

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

10A / 10AA of the Act on the enhanced\nprofits arising due to disallowance under Section 14A of the Act.\nNow, given that the disallowance u/s.14A of the Act is restricted to\nexempt income earned for AY 2010-11, we direct the AO to\nrecompute the consequential relief u/s.10A/ 10AA of the Act on the\nenhanced profits arising due to disallowance

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

10A/ 10AA of the Act.\n\nOthers\n\n18. The learned AO has erred in law and facts, by initiating penalty\nproceedings under section 274 read with section 271(1)(c) of the Act, without\nappreciating the contentions placed in the above grounds.\n\nThe Appellant craves leave to add, supplement, amend, delete or otherwise\nmodify any of the grounds

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

10A/ 10AA of the Act.\nOthers\n18. The learned AO has erred in law and facts, by initiating penalty\nproceedings under section 274 read with section 271(1)(c) of the Act, without\nappreciating the contentions placed in the above grounds.\nThe Appellant craves leave to add, supplement, amend, delete or otherwise\nmodify any of the grounds stated hereinabove

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

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

5\n40. The assessee submitted before us that the AO has erred in law\nand facts, by initiating penalty proceedings under section 274 read\nwith section 271(1)(c) of the Act, without appreciating the\ncontentions placed on the issues under appeal.\n41. The Ld.CIT(A) in his Order for the A.Ys under appeal held that\nno order under section

CLASSIC LINEN INTERNATIONAL PVT LTD.,CHENNAI vs. DCIT CORPORATE CIRCLE 1(2), CHENNAI

In the result, the appeal filed by assessee in iTA

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar"नधा$रण वष$ /Assessment Year: 2011-12

section 10A for ten consecutive assessment years from AY 2000-01 till AY 2010-11. Hence the disallowance of claim of deduction claimed u/s 10AA is upheld.” 5

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

10A/ 10AA of the Act.\nOthers\n18. The learned AO has erred in law and facts, by initiating penalty\nproceedings under section 274 read with section 271(1)(c) of the Act, without\nappreciating the contentions placed in the above grounds.\nThe Appellant craves leave to add, supplement, amend, delete or otherwise\nmodify any of the grounds stated hereinabove

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

10A/ 10AA of the Act.\nOthers\n19. The learned AO has erred in law and facts, by initiating penalty\nproceedings under section 274 read with section 271(1)(c) of the Act, without\nappreciating the contentions placed in the above grounds.\nThe Appellant craves leave to add, supplement, amend, delete or otherwise\nmodify any of the grounds stated hereinabove

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

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

ACIT, CHENNAI vs. MEGASOFT LTD., CHENNAI

In the result, all the appeals of the Revenue stand dismissed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.2560/Mds/2014 आयकर अपील सं./Ita Nos.1250, 1251 & 1252/Mds/2015 आयकर अपील सं./Ita No. 1416/Mds/2015 "नधा"रण वष"/Assessment Years: 2007-08, 2006-07, 2008-09, 2010-11 & 2011-12 The Deputy Commissioner Of M/S Megasoft Limited, Income Tax, Company Circle Iv(2), V. No.85, Kutchery Road, The Assistant Commissioner Of Mylapore, Chennai - 600 004. Income Tax, Corporate Circle 4(1), Chennai - 600 034. Pan : Aabcm 8933 A (अपीलाथ"/Appellant) (""यथ"/Respondent)

5 I.T.A. No.2560/Mds/14 I.T.A. Nos.1250 to 1252/Mds/15 I.T.A. No.1416/Mds/15 6. Dr. Milind Madhukar Bhusari, the Ld. Departmental Representative, submitted that in respect of XIUS India Ltd., the assessee has not filed any declaration upto assessment year 2005- 06 for opting out of the scheme. The assessee has not opted for deduction under Section 10A of the Act in the initial

ACIT, CHENNAI vs. MEGASOFT LTD., CHENNAI

In the result, all the appeals of the Revenue stand dismissed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.2560/Mds/2014 आयकर अपील सं./Ita Nos.1250, 1251 & 1252/Mds/2015 आयकर अपील सं./Ita No. 1416/Mds/2015 "नधा"रण वष"/Assessment Years: 2007-08, 2006-07, 2008-09, 2010-11 & 2011-12 The Deputy Commissioner Of M/S Megasoft Limited, Income Tax, Company Circle Iv(2), V. No.85, Kutchery Road, The Assistant Commissioner Of Mylapore, Chennai - 600 004. Income Tax, Corporate Circle 4(1), Chennai - 600 034. Pan : Aabcm 8933 A (अपीलाथ"/Appellant) (""यथ"/Respondent)

5 I.T.A. No.2560/Mds/14 I.T.A. Nos.1250 to 1252/Mds/15 I.T.A. No.1416/Mds/15 6. Dr. Milind Madhukar Bhusari, the Ld. Departmental Representative, submitted that in respect of XIUS India Ltd., the assessee has not filed any declaration upto assessment year 2005- 06 for opting out of the scheme. The assessee has not opted for deduction under Section 10A of the Act in the initial

ACIT, CHENNAI vs. MEGASOFT LTD., CHENNAI

In the result, all the appeals of the Revenue stand dismissed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.2560/Mds/2014 आयकर अपील सं./Ita Nos.1250, 1251 & 1252/Mds/2015 आयकर अपील सं./Ita No. 1416/Mds/2015 "नधा"रण वष"/Assessment Years: 2007-08, 2006-07, 2008-09, 2010-11 & 2011-12 The Deputy Commissioner Of M/S Megasoft Limited, Income Tax, Company Circle Iv(2), V. No.85, Kutchery Road, The Assistant Commissioner Of Mylapore, Chennai - 600 004. Income Tax, Corporate Circle 4(1), Chennai - 600 034. Pan : Aabcm 8933 A (अपीलाथ"/Appellant) (""यथ"/Respondent)

5 I.T.A. No.2560/Mds/14 I.T.A. Nos.1250 to 1252/Mds/15 I.T.A. No.1416/Mds/15 6. Dr. Milind Madhukar Bhusari, the Ld. Departmental Representative, submitted that in respect of XIUS India Ltd., the assessee has not filed any declaration upto assessment year 2005- 06 for opting out of the scheme. The assessee has not opted for deduction under Section 10A of the Act in the initial

DCIT, CHENNAI vs. MEGASOFT LIMITED, CHENNAI

In the result, all the appeals of the Revenue stand dismissed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.2560/Mds/2014 आयकर अपील सं./Ita Nos.1250, 1251 & 1252/Mds/2015 आयकर अपील सं./Ita No. 1416/Mds/2015 "नधा"रण वष"/Assessment Years: 2007-08, 2006-07, 2008-09, 2010-11 & 2011-12 The Deputy Commissioner Of M/S Megasoft Limited, Income Tax, Company Circle Iv(2), V. No.85, Kutchery Road, The Assistant Commissioner Of Mylapore, Chennai - 600 004. Income Tax, Corporate Circle 4(1), Chennai - 600 034. Pan : Aabcm 8933 A (अपीलाथ"/Appellant) (""यथ"/Respondent)

5 I.T.A. No.2560/Mds/14 I.T.A. Nos.1250 to 1252/Mds/15 I.T.A. No.1416/Mds/15 6. Dr. Milind Madhukar Bhusari, the Ld. Departmental Representative, submitted that in respect of XIUS India Ltd., the assessee has not filed any declaration upto assessment year 2005- 06 for opting out of the scheme. The assessee has not opted for deduction under Section 10A of the Act in the initial

ACIT, CHENNAI vs. MEGASOFT LTD., CHENNAI

In the result, all the appeals of the Revenue stand dismissed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.2560/Mds/2014 आयकर अपील सं./Ita Nos.1250, 1251 & 1252/Mds/2015 आयकर अपील सं./Ita No. 1416/Mds/2015 "नधा"रण वष"/Assessment Years: 2007-08, 2006-07, 2008-09, 2010-11 & 2011-12 The Deputy Commissioner Of M/S Megasoft Limited, Income Tax, Company Circle Iv(2), V. No.85, Kutchery Road, The Assistant Commissioner Of Mylapore, Chennai - 600 004. Income Tax, Corporate Circle 4(1), Chennai - 600 034. Pan : Aabcm 8933 A (अपीलाथ"/Appellant) (""यथ"/Respondent)

5 I.T.A. No.2560/Mds/14 I.T.A. Nos.1250 to 1252/Mds/15 I.T.A. No.1416/Mds/15 6. Dr. Milind Madhukar Bhusari, the Ld. Departmental Representative, submitted that in respect of XIUS India Ltd., the assessee has not filed any declaration upto assessment year 2005- 06 for opting out of the scheme. The assessee has not opted for deduction under Section 10A of the Act in the initial

ACIT, CHENNAI vs. M/S. TVS MOTOR COMPANY LIMITED, CHENNAI

In the result, appeal of the revenue is dismissed

Bench: S/Shri Shri Chandra Mohan Garg, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaassessment Year : 2008-09 The The Asst. Asst. Commissioner Commissioner Of Of Vs. M/S. Tvs Motor Company Ltd., M/S. Tvs Motor Company Ltd., Income Tax, Company Circle Income Tax, Company Circle- Jayalakshmi Estates, 29 (Old Jayalakshmi Estates, 29 (Old Iii(2), New Block, 4Th Floor, 121, Iii(2), New Block, 4 No.8), Haddows Road, Chennai No.8), Haddows Road, Chennai Mahatma Mahatma Gandhi Gandhi Road, Road, Nungambakkam, Chennai Nungambakkam, Chennai Pan/Gir No.Aaacs 7032 B Aaacs 7032 B (Appellant) (Appellant .. ( Respondent Respondent) Assessee By : Shri Vikram Vijayaraghavan, Vikram Vijayaraghavan, Ar Revenue By : Dr. S.Palanikumar, Cit ( Cit (Dr) Date Of Hearing : 24 /2/ 2022 2 Date Of Pronouncement : 13/4/20 /2022 O R D E R Per C.M.Garg, Jm , Jm

5) of the Act will apply to the units eligible for deduction under section 80-IC of the Act in view of the provisions contained in sub- section (7) of sec 80-IC of the Act. He held that the eligible income P a g e 7 | 23 Assessment Year : 2008-09 or loss derived by the Himachal unit