T vs. AUTOMOBILE SOLUTIONS PRIVATE LIMITED,MADURAIVS.ITO CORPORATE WARD 3, MADURAI

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A. No. 809/Chny/2019 िनधा"रण वष"/Assessment Year:2014-15 M/S. Tvs Automobile Solutions Private The Income Tax Officer, Limited, 7-B, Tvs Building, West Veli Vs. Corporate Ward 3, Street, Madurai 625 001. Madurai. [Pan:Aagcm0329K] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri B. Ramakrishnan, Ca For Shri N.V. Balaji, Advocate ""थ" की ओर से/Respondent By : Shri R. Clement Ramesh Kumar, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 10.07.2019 घोषणा की तारीख /Date Of Pronouncement : 24.09.2019 आदेश /O R D E R Per Duvvuru Rl Reddy:

disallowance U/s.14A of the Act will not arise. However, in the instant case of the assessee, since we have already deleted the addition made U/s.14A, increasing the book profit will not arise. Further the decision of Hon’ble Apex Court cited by the assessee in the case M/s.Apollo Tyres Ltd. Vs. CIT reported in 255 ITR 273 is also squarely

M/S. SAINT GOBAIN GLASS INDIA PRIVATE LIMITED,KANCHEEPURAM vs. DCIT, CHENNAI

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

disallowance U/s.14A of the Act will not arise. However, in the instant case of the assessee, since we have already deleted the addition made U/s.14A, increasing the book profit will not arise. Further the decision of Hon’ble Apex Court cited by the assessee in the case M/s.Apollo Tyres Ltd. Vs. CIT reported in 255 ITR 273 is also squarely

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

disallowed the claim of the assessee. Aggrieved, the assessee went in appeal before the CIT(Appeals). 14. On appeal, the CIT(Appeals), after considering the CBDT Circular No.2/2002 dated 15.2.2002 and 4/2004 dated 13.5.2004, relied on by the assessee, observed that these are issued by the CBDT in relation to a clarification regarding Tax Deduction at Source u/s.193

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

disallowed the claim of the assessee. Aggrieved, the assessee went in appeal before the CIT(Appeals). 14. On appeal, the CIT(Appeals), after considering the CBDT Circular No.2/2002 dated 15.2.2002 and 4/2004 dated 13.5.2004, relied on by the assessee, observed that these are issued by the CBDT in relation to a clarification regarding Tax Deduction at Source u/s.193

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

disallowed the claim of the assessee. Aggrieved, the assessee went in appeal before the CIT(Appeals). 14. On appeal, the CIT(Appeals), after considering the CBDT Circular No.2/2002 dated 15.2.2002 and 4/2004 dated 13.5.2004, relied on by the assessee, observed that these are issued by the CBDT in relation to a clarification regarding Tax Deduction at Source u/s.193

JAYANT PACKAGING PVT. LTD.,CHENNAI vs. DCIT CORPORATE WARD 2(2), CHENNAI

In the result, the appeal filed by the assessee for assessment year 2012-13 in ITA No

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 730, 731 & 732/Chny/2018 िनधा"रण वष" / Assessment Years: 2010-11, 2012-13 & 2012-13

section 115J of the Act. Hence, we reject arguments of the assessee and confirm addition made by the AO towards income not reported in books to book profit computed u/s.115JB of the Act. 6 I.TA. Nos.730 to 732/Chny/2018 4. The next issue that came up for our consideration from Ground No.4 of assessee appeal is addition towards disallowance

JAYANT PACKAGING PVT. LTD.,CHENNAI vs. DCIT CORPORATE WARD 2(2), CHENNAI

In the result, the appeal filed by the assessee for assessment year 2012-13 in ITA No

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 730, 731 & 732/Chny/2018 िनधा"रण वष" / Assessment Years: 2010-11, 2012-13 & 2012-13

section 115J of the Act. Hence, we reject arguments of the assessee and confirm addition made by the AO towards income not reported in books to book profit computed u/s.115JB of the Act. 6 I.TA. Nos.730 to 732/Chny/2018 4. The next issue that came up for our consideration from Ground No.4 of assessee appeal is addition towards disallowance

JAYANT PACKAGING PVT. LTD.,CHENNAI vs. DCIT CORPORATE WARD 2(2), CHENNAI

In the result, the appeal filed by the assessee for assessment year 2012-13 in ITA No

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 730, 731 & 732/Chny/2018 िनधा"रण वष" / Assessment Years: 2010-11, 2012-13 & 2012-13

section 115J of the Act. Hence, we reject arguments of the assessee and confirm addition made by the AO towards income not reported in books to book profit computed u/s.115JB of the Act. 6 I.TA. Nos.730 to 732/Chny/2018 4. The next issue that came up for our consideration from Ground No.4 of assessee appeal is addition towards disallowance

MADRAS SUGARS LIMITED,COIMBATORE vs. DCIT, CORPORATE CIRCLE-1, COIMBAOTRE

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

disallowance of capital expenditure in computation of book profit u/s 115JB did not violate the ratio laid down in the judgement of Supreme court in the case of Apollo Tyres Ltd Vs Commissioner of Income tax 255 ITR 273 (SC) without considering the crux of the case wherein it is held that "The Assessing Officer thereafter has the limited power

KDH PROPERTIES PVT LTD.,CHENNAI vs. DCIT, CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

115J of the I.T. Act but in the assessee's case, the AO has correctly determined the value of closing stock as per accounting principles and as per the provisions of the I.T. Act.” 4. The brief facts are that the assessee is engaged in property development business during the financial year 2011-12 relevant to assessment year

ACIT, CHENNAI vs. KDH PROPERTIES PRIVATE LIMITED, CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

115J of the I.T. Act but in the assessee's case, the AO has correctly determined the value of closing stock as per accounting principles and as per the provisions of the I.T. Act.” 4. The brief facts are that the assessee is engaged in property development business during the financial year 2011-12 relevant to assessment year

ACIT, CHENNAI vs. M/S. BEST & CROMPTON ENGINEERING LTD., CHENNAI

In the result, Revenue appeal is dismissed

Bench: Shri A. Mohan Alankamony & Shri G. Pavan Kumar

disallowed in the computation of income for the assessment year 2006-07 and the entries were subsequently reversed in the assessment year 2007-08. But the Ld. AO found an amount of Rs. 38,76,109/- was contributed to the superannuation fund and was claimed as deduction. Such contribution pertains to earlier years and the FBT shall be applicable only