SHRIRAM FINANCE LIMITED,CHENNAI vs. DCIT, CORPORATE CIRCLE 3(1), CHENNAI, CHENNAI

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

Bench: Shri S.S. Viswanethra Ravi & Shri S.R. Raghunathaआयकर अपील सं./I.T.A. No.173/Chny/2024 िनधा"रण वष"/Assessment Year: 2020-21 Shriram Finance Limited Vs. The Deputy Commissioner Of [Formerly Known As Shriram Transport Income Tax, Finance Company Limited), Corporate Circle 3(1), Sri Towers, Plot No. 14A, South Phase, Chennai. Industrial Estate, Guindy, Chennai 600 017. [Pan: Aaacs7018R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri R. Sivaraman, Advocate ""थ" की ओर से/Respondent By : Shri R.V. Aroon Prasad, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 25.07.2024 घोषणा की तारीख /Date Of Pronouncement : 09.08.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 29.11.2023 Passed By The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi For The Assessment Year 2020-21. 2. Ground No. 1 Is General In Nature & Requires No Adjudication.

disallowed is at ₹.88,35,048/- . The ld. AR pointed out that non-credit of amount of ₹.3,52,696/- being TDS paid by Shriram Equipment Finance Company Limited, which was amalgamated with Shriram Transport Finance Company Limited w.e.f. 01.04.2015 was brought to the notice of the ld. CIT(A) NFAC, but, however, the ld. CIT(A) has directed

THE INDIA CEMENTS LIMITED,CHENNAI vs. DCIT CORPORATE CIRCLE 2(1) CHENNAI, CHENNAI

section 115 JB of the\nAct.\"\n9.2 Following the above, the interest of ₹5,42,483/- paid for belated\ndeposit of TDS is allowed as deduction while assessing book profit u/s\n115JB of the Act. This ground is accordingly allowed.\nITA No.2174/Chny/2024 (AY 2017-18)\nM/s. The India Cements Ltd.\n:: 25 ::\n10. Ground No.9 raised by the assessee

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

ACIT, CORPORATE CIRCLE 1(1), CHENNAI vs. DURR INDIA PRIVATE LIMITED, CHENNAI

In the result, the appeal filed by the Revenue is partly-allowed

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 1638/Chny/2025 िनधा"रण वष"/Assessment Year: 2019-20 The Acit, Durr India Pvt. Ltd., Corporate Circle 1 (1), Vs. 471, Prestige Polygon, Chennai. Anna Salai, Nandanam, Chennai – 600 035. Pan: Aaacd 3568P (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Ms. Gouthami Manivasagam, Jcit ""यथ" क" ओर से/Respondent By : Shri Suhrith Parthasarathy, Advocate सुनवाई क" तारीख/Date Of Hearing : 25.09.2025 घोषणा क" तारीख/Date Of Pronouncement : 26.09.2025

Section 115-0 (3) and (4) that the tax on distributed profits so paid by the company shall be treated as the final payment of tax and no further credit therefore shall be claimed by the company or by any other person in respect of the amount of tax so paid. Furthermore, no deduction under any other provision of this

T vs. MOTOR COMPANY LTD.,CHENNAIVS.ACIT, CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita No.672/Chny/2017 िनधा"रणवष"/Assessment Year: 2012-13 M/S.Tvs Motor Co. Ltd., V. The Acit, No.29, Haddows Road, Corporate Circle – 3(1), Chennai-600 006. Chennai. [Pan: Aaacs 7032 B] (अपीलाथ"/Appellant) (""यथ"/Respondent)

disallowance of loss on actual re is against the disallowance of loss on actual re is against the disallowance of loss on actual re- payment of External Commercial Borrowings (hereinafter in short ‘ECB’) payment of External Commercial Borrowings (hereinafter in short ‘ECB’) payment of External Commercial Borrowings (hereinafter in short ‘ECB’) loan during the year. 8.1 The brief facts

ABAN OFFSHORE LIMITED,CHENNAI vs. DCIT, INTL, TAX 1(1), CHENNAI

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

disallowance by invoking the\nprovisions of section 40(a)(i) of the Act. In the circumstances, the finding of\nthe learned Commissioner of Income-tax (Appeals) and that of the\nAssessing Officer stands reversed.\n7. We may also mention here that we are not in agreement with the\nsubmission of the learned authorised representative that the provisions of\nsection

DCIT, CHENNAI vs. M/S. UNITED INDIA INSURANCE CO. LTD., CHENNAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.1692/Chny/2011 िनधा"रण वष" /Assessment Year: 2007-08 The Dy. Commissioner- V. M/S.United India- Of Income Tax, Insurance Co. Ltd., Large Taxpayer Unit, 24, Whites Road, Chennai. Chennai-600 014. [Pan: Aaacu 5552 C] (अपीलाथ"/Appellant) (""थ"/Respondent) Department By : Mr.M.Swaminathan, Sr. Standing Counsel Assessee By : Mr.S.Sundararaman, Ca सुनवाई की तारीख/Date Of Hearing : 19.06.2023 घोषणा की तारीख /Date Of Pronouncement : 28.06.2023

disallowance as per the provisions of the section 14A . 5.3. The Ld.CIT(A) has erred in not considering the decision of the Hon'ble Supreme Court in CIT Vs. Rajendra Prasad Mody 115

UNITED INDIA INSURANCE CO.LTD,CHENNAI vs. ACIT CORPORATE CIRCLE-3(2), CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

UNITED INDIA INSURANCE CO. LTD. ,CHENNAI vs. DCIT CORPORATE CIRCLE 3(2) , CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

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

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

ACITCORPORATE CIRCLE-3(1) , CHENNAI vs. M/S. UNITED INDIA INSURANCE CO. LTD., CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

UNITED INIDA INSURANCE CO. LIMITED,CHENNAI vs. DCIT, CORPORATE CIRCLE-3(1), CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

DCIT CORPORATE CIRCLE 3(2) , CHENNAI vs. UNITED INDIA INSURANCE CO. LTD. , CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

UNITED INDIA INSURANCE CO. LTD. ,CHENNAI vs. DCIT CORPORATE CIRCLE 3(2) , CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

UNITED INDIA INSURANCE CO. LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

DCIT CORPORATE CIRCLE 3(2), CHENNAI vs. UNITED INDIA INSURANCE COMPANY LTD., CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

DCIT CORPORATE CIRCLE 3(2), CHENNAI vs. UNITED INDIA INSURANCE COMPANY LTD., CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

ACITCORPORATE CIRCLE-3(1) , CHENNAI vs. M/S. UNITED INDIA INSURANCE CO. LTD., CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment

ACITCORPORATE CIRCLE-3(1) , CHENNAI vs. M/S. UNITED INDIA INSURANCE CO. LTD., CHENNAI

In the result, the appeals of the assessee and Revenue are

Bench: Shri Mahavir Singh, Vice- & Shri Amitabh Shukla

disallowance, against which the Revenue is in appeal for AY 2013-14 and for the assessment years 2014-15 to 2016-17 and 2018-19, the CIT(A) by following the order of the Tribunal upheld the orders of the Assessing Officer and thus, the assessee is in further appeal before us. 15.6 The Tribunal in ITA No.1085/Chny/2017 for assessment