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120 results for “disallowance”+ Section 172clear

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Key Topics

Section 143(3)31Section 4031Disallowance30Addition to Income29Deduction29Section 13219Section 80I18Section 153A18Section 19514Section 801A

DEPUTY COMMISSIONER OF INCOME-TAX, CORPORATE CIRCLE 1(1), CHENNAI vs. DOOSAN POWER SYSTEMS INDIA PRIVATE LIMITED, CHENNAI

In the result, appeal filed by the revenue is dismissed

ITA 1149/CHNY/2023[2015-16]Status: DisposedITAT Chennai23 Oct 2024AY 2015-16

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 1149/Chny/2023 िनधा"रणवष" / Assessment Year: 2015-16 Deputy Commissioner Of Doosan Power Systems India Income Tax, V. Private Limited, Corporate Circle -1(1), 18/2A, Sennerkuppam, Bye Chennai. Pass Road, Poonamallee, Chennai – 600 056. [Pan:Aabcb-5946-J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. Clement Ramesh Kumar, Cit ""यथ"क"ओरसे/Respondent By : Shri. Sandeep Bagmar, Ca सुनवाई क" तारीख/Date Of Hearing : 20.08.2024 घोषणा क" तारीख/Date Of Pronouncement : 23.10.2024 आदेश /O R D E R

For Appellant: Shri. Clement Ramesh Kumar, CITFor Respondent: Shri. Sandeep Bagmar, CA
Section 144BSection 147Section 195Section 40Section 9(1)(vi)

172 of the paper book filed on 04 July 2024). 8. IMPUGNED PAYMENTS ARE NOT IN NATURE OF ‘ROYALTY’ UNDER SECTION 9(1)(vi) OF THE ACT AS THE PAYMENTS WERE MERE SIMPLICITOR FREIGHT CHARGES; 8.1 The Ld.AR stated that in the Assessment order passed, the Ld. FAO referring to the explanation 2 of section

Showing 1–20 of 120 · Page 1 of 6

14
Section 14A13
Depreciation13

ACIT, LTU-2,, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

In the result, appeal filed by the assessee is partly allowed and the appeal of the Revenue is dismissed

ITA 2618/CHNY/2019[2015-16]Status: DisposedITAT Chennai07 Jul 2025AY 2015-16

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

For Appellant: Mr.R. Vijayaraghavan, AdvFor Respondent: Mr.A. Sasikumar, CIT
Section 115JSection 143(3)Section 14A

Section 35(2AB) to claim weighted deduction stood fulfilled. Once the facility is approved and the auditor certifies the expenditure incurred therein, then such amount qualifies for weighted deduction u/s 35(2AB), irrespective whether the same is approved by DSIR or not. It is well settled in the law, as it stood during the year, that the approval from DSIR

LIFECELL INTERNATIONAL PVT LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, appeal filed by the assessee is dismissed

ITA 3334/CHNY/2019[2016-17]Status: DisposedITAT Chennai04 Jan 2023AY 2016-17

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.: 3334/Chny/2019 िनधा"रण वष" / Assessment Year: 2016-17 M/S. Lifecell International Assistant Commissioner Of Private Ltd., V. Income Tax, No. 26, Vandalur Corporate Circle 4(1), Kelambakkam Main Road, Chennai. Keelakkottaiyur, Chennai. [Pan: Aaeca-7997-B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Ajith Kumar Choradia, Ca ""यथ" क" ओर से/Respondent By : Shri. S. Senthil Kumaran, Cit सुनवाई की तारीख/Date Of Hearing : 23.11.2022 घोषणा की तारीख/Date Of Pronouncement : 04.01.2023 आदेश /O R D E R

For Appellant: Shri. Ajith Kumar Choradia, CAFor Respondent: Shri. S. Senthil Kumaran, CIT

disallowed the expenditure of Rs. 24,809 on the ground that the amount was not actually spent. The assessee ultimately succeeded in the Supreme Court. It was held by the Supreme Court that the expression "profits or gains" in section 10(1) of the Income-tax Act, 1922 should be understood in its commercial sense and there

M/S AADHI ENTERPRISES PRIVATE LIMITED,CHENNAI vs. ACIT, CENTRAL CIRCLE-3(1), CHENNAI

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

ITA 308/CHNY/2023[2016-17]Status: DisposedITAT Chennai23 Aug 2023AY 2016-17

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita No.: 308/Chny/2023 िनधा"रण वष"/Assessment Year: 2016-17 Aadhi Enterprises Pvt. Ltd., The Acit, No.1-130, Perambur Barracks V. Central Circle-3(1), Road, Pattalam, Chennai. Chennai – 600 112. Pan: Aanca 0382P (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri B. Ramakrishnan, Fca Shri S. Neelakantan, Fca Shri Shrenik Chordia, Ca ""यथ" क" ओर से/Respondent By : Shri S. Senthil Kumaran, Cit सुनवाई क" तारीख/Date Of Hearing : 11.07.2023 घोषणा क" तारीख/Date Of Pronouncement : 23.08.2023

For Appellant: Shri B. Ramakrishnan, FCAFor Respondent: Shri S. Senthil Kumaran, CIT
Section 132Section 139(1)Section 143(2)Section 153ASection 68

disallowance of interest and not section 68 of the Act.The other observations of the AO as mentioned above do not have any relevance to the fact in issue and the finding recorded. 15. The facts stated by the AO are facts admitted by the assessee and the Pacatolus is a Special Purpose Vehicle funded by PGF and therefore, no adverse

ACIT, CHENNAI vs. INTEGRATED SERVICE POINT LIMITED, ANNA NAGAR

Accordingly, the assessee’s appeals in ITA Nos. 1881, 1882, and 1883/Chny/2025 for A.Ys. 2016-17, 2019-20, and 2022-23 are allowed

ITA 1879/CHNY/2025[2022-23]Status: DisposedITAT Chennai30 Dec 2025AY 2022-23

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon’Ble Jagadishआयकर अपील सं./ Ita Nos.1881, 1882 & 1883/Chny/2025 िनधा;रण वष; /Assessment Years: 2016-17, 2019-20 & 2022-23

For Appellant: Mr. Y. Sridhar, FCAFor Respondent: Mr. Bipin C.N, CIT
Section 132Section 132(4)Section 134(4)Section 250

disallowed it under section 37(1). 128. Applying the same principles of evidence under section 132(4A) read with section 292C, and supported by decisions in Navjivan Oil Mills (supra) and Indeo Airways (P.) Ltd. (supra), and considering that the seized records confirm the money received back from the vendors was used exclusively for business purposes due to exigent circumstances

INTEGRATED SERVICE POINT LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(4), CHENNAI

Accordingly, the assessee’s appeals in ITA Nos. 1881, 1882, and 1883/Chny/2025 for A.Ys. 2016-17, 2019-20, and 2022-23 are allowed

ITA 1882/CHNY/2025[2019-20]Status: DisposedITAT Chennai30 Dec 2025AY 2019-20

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon’Ble Jagadishआयकर अपील सं./ Ita Nos.1881, 1882 & 1883/Chny/2025 िनधा;रण वष; /Assessment Years: 2016-17, 2019-20 & 2022-23

For Appellant: Mr. Y. Sridhar, FCAFor Respondent: Mr. Bipin C.N, CIT
Section 132Section 132(4)Section 134(4)Section 250

disallowed it under section 37(1). 128. Applying the same principles of evidence under section 132(4A) read with section 292C, and supported by decisions in Navjivan Oil Mills (supra) and Indeo Airways (P.) Ltd. (supra), and considering that the seized records confirm the money received back from the vendors was used exclusively for business purposes due to exigent circumstances

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

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

ITA 42/CHNY/2023[2019-20]Status: DisposedITAT Chennai19 Jul 2024AY 2019-20

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

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

ITA 1584/CHNY/2019[2015-16]Status: DisposedITAT Chennai19 Jul 2024AY 2015-16

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

ITA 128/CHNY/2023[2017-18]Status: DisposedITAT Chennai19 Jul 2024AY 2017-18

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

ITA 130/CHNY/2023[2019-20]Status: DisposedITAT Chennai19 Jul 2024AY 2019-20

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

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

ITA 1670/CHNY/2019[2014-15]Status: DisposedITAT Chennai19 Jul 2024AY 2014-15

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

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

ITA 426/CHNY/2021[2016-17]Status: DisposedITAT Chennai19 Jul 2024AY 2016-17

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

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

ITA 1671/CHNY/2019[2015-16]Status: DisposedITAT Chennai19 Jul 2024AY 2015-16

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

ITA 129/CHNY/2023[2018-19]Status: DisposedITAT Chennai19 Jul 2024AY 2018-19

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

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

ITA 13/CHNY/2023[2017-18]Status: DisposedITAT Chennai19 Jul 2024AY 2017-18

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

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

ITA 1085/CHNY/2017[2013-14]Status: DisposedITAT Chennai19 Jul 2024AY 2013-14

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

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

ITA 1571/CHNY/2017[2013-14]Status: DisposedITAT Chennai19 Jul 2024AY 2013-14

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

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

ITA 1585/CHNY/2019[2014-15]Status: DisposedITAT Chennai19 Jul 2024AY 2014-15

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

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

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

ITA 639/CHNY/2020[2016-17]Status: DisposedITAT Chennai19 Jul 2024AY 2016-17

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

For Appellant: Ms. V.Pushpa, Sr.Standing
Section 14ASection 195Section 40

section 14A of the Income Tax Act, 1961 does not apply to insurance companies and the assessee relied on catena of judgements and urged that the Ld.CIT(A) has decided the issue in favour of the assessee by placing reliance on order of various High Courts in support of its claim. The learned counsel for the assessee argued that there

STRIDES PHARMA SCIENCE LTD.,MUMBAI vs. DCIT, CC - 6 (2), CHENNAI

In the result, the appeals of assessee for A

ITA 2335/CHNY/2019[2010-11]Status: DisposedITAT Chennai25 Jul 2025AY 2010-11

Bench: Shri Ss Viswanethra Ravi & Shri Jagadishआयकर अपील सं./Ita No.2380/Chny/2018 िनधा9रण वष9 /Assessment Year: 2009-10 M/S. Shasun Pharmaceuticals Ltd., The Dy. Commissioner Of (Merged With M/S. Strides Shasun Vs. Income Tax, Ltd., Now Known As Strides Pharma Non Corporate Circle-6(1), Science Ltd.,) Chennai. No.28, Batra Centre, Sardar Patel Road, Guindy, Chennai – 600 032. [Pan: Aadcs 8104P] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri N. Arjun Raj, AdvocateFor Respondent: Ms. Maithili, Addl. CIT
Section 10B

172/-. The assessee has allocated foreign exchange fluctuation loss amounting to Rs. 44,80,03,449/- under administrative expenses (corporate level) to various units based on their respective turnover and the balance of Rs. 11,38,54,392/- directly attributable to ITA Nos.2380 & 4645/Chny/2018 & ITA Nos.5404, 769 & 2335/Chny/2019 :- 6 -: the units have been allocated to the respective units