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

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

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