DEPUTY COMMISSIONER OF INCOME TAX,CIRCLE-1, TIRUPPUR vs. EASTMAN EXPORTS GLOBAL CLOTHING P LTD, TIRUPPUR,TAMILNADU

In the result, the appeal of the assessee is allowed

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.3326/Chny/2019 & 326/Chny/2024 िनधा"रण वष"/Assessment Years: 2017-18 & 2018-19 The Assistant Commissioner Of Vs. Eastman Exports Global Clothing (P) Ltd., No. 10, 12, 2Nd Street, Kumar Income Tax, Circle 1(1), 121, Adams Buildings, 60 Feet Road, Nagar South, Tirupur 641 603. Tirupur 641 602. [Pan: Aaccc0952E] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.706/Chny/2022 िनधा"रण वष"/Assessment Year: 2017-18 Victus Dyeings, The Assistant Commissioner Of 410, P.N. Road, R.K. Nagar, Income Tax, Circle 1, Vs. Tirupur 641 601. Tirupur. [Pan: Aacfv4420D] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.768/Chny/2022 िनधा"रण वष"/Assessment Year: 2017-18 The Deputy Commissioner Of M/S. K.M. Knit Wear, Income Tax, Circle 1, 14, E.F. Lakshmi Nagar, First Street, Vs. Tirupur. City Garden, Tirupur 641 602. [Pan: Aacfk3053B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.358/Chny/2022 िनधा"रण वष"/Assessment Year: 2018-19 M/S. K.M. Knit Wear, The Assistant Commissioner Of 14, E.F. Lakshmi Nagar, First Street, Income Tax, Circle 1, Vs. City Garden, Tirupur 641 602. Tirupur. (अपीलाथ"/Appellant) (""थ"/Respondent)

disallowance on weighted deduction under section 35(2AB) of the Act, accordingly, the Assessing Officer determined the income of the assessee at ₹.36,61,77,500/- vide order dated 04.07.2019 passed under section 143(3) of the Act. 6. Aggrieved by the said order of the Assessing Officer, the assessee challenged the same before

ACIT, CIRCLE-1, , TIRUPUR vs. EASTMAN EXPORTS GLOBAL CLOTHING (P) LTD., TIRUPUR

In the result, the appeal of the assessee is allowed

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.3326/Chny/2019 & 326/Chny/2024 िनधा"रण वष"/Assessment Years: 2017-18 & 2018-19 The Assistant Commissioner Of Vs. Eastman Exports Global Clothing (P) Ltd., No. 10, 12, 2Nd Street, Kumar Income Tax, Circle 1(1), 121, Adams Buildings, 60 Feet Road, Nagar South, Tirupur 641 603. Tirupur 641 602. [Pan: Aaccc0952E] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.706/Chny/2022 िनधा"रण वष"/Assessment Year: 2017-18 Victus Dyeings, The Assistant Commissioner Of 410, P.N. Road, R.K. Nagar, Income Tax, Circle 1, Vs. Tirupur 641 601. Tirupur. [Pan: Aacfv4420D] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.768/Chny/2022 िनधा"रण वष"/Assessment Year: 2017-18 The Deputy Commissioner Of M/S. K.M. Knit Wear, Income Tax, Circle 1, 14, E.F. Lakshmi Nagar, First Street, Vs. Tirupur. City Garden, Tirupur 641 602. [Pan: Aacfk3053B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.358/Chny/2022 िनधा"रण वष"/Assessment Year: 2018-19 M/S. K.M. Knit Wear, The Assistant Commissioner Of 14, E.F. Lakshmi Nagar, First Street, Income Tax, Circle 1, Vs. City Garden, Tirupur 641 602. Tirupur. (अपीलाथ"/Appellant) (""थ"/Respondent)

disallowance on weighted deduction under section 35(2AB) of the Act, accordingly, the Assessing Officer determined the income of the assessee at ₹.36,61,77,500/- vide order dated 04.07.2019 passed under section 143(3) of the Act. 6. Aggrieved by the said order of the Assessing Officer, the assessee challenged the same before

KM KNIT WEAR,TIRUPUR vs. ADIT,CPC, BANGALORE

In the result, ITA Nos. 3326/Chny/2019, 326/Chny/2024 &\n768/Chny/2022 are dismissed; ITA No

disallowance on weighted deduction under\nsection 35(2AB) of the Act, accordingly, the Assessing Officer determined\nthe income of the assessee at ₹.36,61,77,500/- vide order dated\n04.07.2019 passed under section 143(3) of the Act.\n6.\nAggrieved by the said order of the Assessing Officer, the assessee\nchallenged the same before

GATES WEARS,TIRUPPUR vs. DCIT CIRCLE 1, TIRUPPUR

In the result, ITA Nos. 3326/Chny/2019, 326/Chny/2024 &\n768/Chny/2022 are dismissed; ITA No

disallowance on weighted deduction under\nsection 35(2AB) of the Act, accordingly, the Assessing Officer determined\nthe income of the assessee at ₹.36,61,77,500/- vide order dated\n04.07.2019 passed under section 143(3) of the Act.\n6.\nAggrieved by the said order of the Assessing Officer, the assessee\nchallenged the same before

VICTUS DYEINGS ,TIRUPUR vs. ACIT , CIRCLE-1, TIRUPUR

disallowance on weighted deduction under\nsection 35(2AB) of the Act, accordingly, the Assessing Officer determined\nthe income of the assessee at ₹.36,61,77,500/- vide order dated\n04.07.2019 passed under section 143(3) of the Act.\n6.\nAggrieved by the said order of the Assessing Officer, the assessee\nchallenged the same before

SAN TEX INC.,TIRUPUR vs. ACIT CIRCLE 1, TIRUPUR

disallowance on weighted deduction under\nsection 35(2AB) of the Act, accordingly, the Assessing Officer determined\nthe income of the assessee at ₹.36,61,77,500/- vide order dated\n04.07.2019 passed under section 143(3) of the Act.\n6.\nAggrieved by the said order of the Assessing Officer, the assessee\nchallenged the same before

SRINIVASA FASHINS PVT LTD,CHENNAI vs. ITO CORPORATE WARD-6(4), CHENNAI

In the result, the appeal filed by the assessee in ITA

Bench: Shri Ramit Kochar & Shri Duvvuru R.L.Reddy)नधा+रण वष+ /Assessment Year: 2014-15 Heard Through Video Conferencing V. M/S.Srinivasa Fashions Pvt. Ltd., The Income Tax Officer, No.57G, Sidco Industrial Estate, Corporate Ward-6(4), Ambattur, Chennai. Chennai-600 098. [Pan: Aaics 9511 R] (अपीलाथ./Appellant) (/0यथ./Respondent) : अपीलाथ. क1 ओर से/ Appellant By Mr.N.Vijay Kumar, Ca : Mr.Ar.V.Sreenivasan, Jcit /0यथ. क1 ओर से /Respondent By : 28.09.2020 सुनवाई क1 तार"ख/Date Of Hearing : 28.09.2020 घोषणा क1 तार"ख /Date Of Pronouncement आदेश / O R D E R Per Ramit Kochar:

disallowance of employees contribution received by assessee towards PF & ESI amounting to Rs. 83,08,244/- by invoking provisions of Section 36(1)(va) read with Section 2(24

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

section 40(a)(ia) of the Act:\nThe next issue in this appeal of assessee is as regards to the\norder of Ld.CIT(A) in confirming the action of the AO in making\ndisallowance u/s.40(a)(ia) of the Act on the payment towards\nSoftware Annual Maintenance Charges ('Software AMC') and\npayments towards license to use software ('Software License

ALBERT & CO. P LTD. ,CHENNAI vs. ITO CORPORATE WARD 6(1) , CHENNAI

Appeal is partly allowed

Bench: Shri G. Manjunatha & Shri Rahul Chaudhary

disallowance under Section 40(a)(ia) of the Act. I.T.A. Nos. 1618/CHNY/2017 &. 2577 & 2578/CHNY/2018 Assessment Years : 2012 -13, 2013 -14 & 2014 -15 24

ALBERT & CO. P. LTD.,CHENNAI vs. ITO CORPORATE WARD 6(1), CHENNAI

Appeal is partly allowed

Bench: Shri G. Manjunatha & Shri Rahul Chaudhary

disallowance under Section 40(a)(ia) of the Act. I.T.A. Nos. 1618/CHNY/2017 &. 2577 & 2578/CHNY/2018 Assessment Years : 2012 -13, 2013 -14 & 2014 -15 24

ALBERT & CO. P. LTD.,CHENNAI vs. ITO CORPORATE WARD 6(1), CHENNAI

Appeal is partly allowed

Bench: Shri G. Manjunatha & Shri Rahul Chaudhary

disallowance under Section 40(a)(ia) of the Act. I.T.A. Nos. 1618/CHNY/2017 &. 2577 & 2578/CHNY/2018 Assessment Years : 2012 -13, 2013 -14 & 2014 -15 24

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

disallowance u/s.40(a)(i) should not be\nupheld by this Tribunal. The summary of the arguments of Ld.AR\nbefore us is as below:\n\n- 17 -\nITA Nos.1193, 1194, 1205 to 1207,\n1262 to 1266/CHNY/2024\n\nIt is trite law that in the absence of tax liability of the recipient\nof income under the Act, no liability for withholding

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

24 -: ITA Nos.1417 & 1421/Chny/2016 5. Disallowance u/s.14A r.w.Rule 8D — Rs.9,30,60,979/- In the order for appeal No.375, dated 09.02.2016, addition on account of corporate guarantee has been deleted and disallowance u/s 14A r.w.Rule 8D has been reduced. The AO has stated in penalty order as under: “The Ld .JCIT (Transfer Pricing) found that the commercial substance in involving

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

24 -: ITA Nos.1417 & 1421/Chny/2016 5. Disallowance u/s.14A r.w.Rule 8D — Rs.9,30,60,979/- In the order for appeal No.375, dated 09.02.2016, addition on account of corporate guarantee has been deleted and disallowance u/s 14A r.w.Rule 8D has been reduced. The AO has stated in penalty order as under: “The Ld .JCIT (Transfer Pricing) found that the commercial substance in involving

DCIT, CHENNAI vs. SIVA VENTURES LIMITED, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

24 -: ITA Nos.1417 & 1421/Chny/2016 5. Disallowance u/s.14A r.w.Rule 8D — Rs.9,30,60,979/- In the order for appeal No.375, dated 09.02.2016, addition on account of corporate guarantee has been deleted and disallowance u/s 14A r.w.Rule 8D has been reduced. The AO has stated in penalty order as under: “The Ld .JCIT (Transfer Pricing) found that the commercial substance in involving

SIVA INDUSTRIES AND HOLDINGS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

24 -: ITA Nos.1417 & 1421/Chny/2016 5. Disallowance u/s.14A r.w.Rule 8D — Rs.9,30,60,979/- In the order for appeal No.375, dated 09.02.2016, addition on account of corporate guarantee has been deleted and disallowance u/s 14A r.w.Rule 8D has been reduced. The AO has stated in penalty order as under: “The Ld .JCIT (Transfer Pricing) found that the commercial substance in involving

TAMIL NADU INDUSTRIAL DEVELOPMENT CORPORATION LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, the appeal filed by the assessee in I

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

section 14A of the Act. 7.2 Per contra, the ld. DR vehemently argued that even though there was no fresh investment in the assessment year 2011-12, with regard to administrative and managerial activities, the assessee has admitted expenditure and voluntarily disallowed at ₹.2,64,14,439/- when the assessee has received dividend income of ₹.24

TAMIL NADU INDUSTRIAL DEVELOPMENT CORPORATION LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, the appeal filed by the assessee in I

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

section 14A of the Act. 7.2 Per contra, the ld. DR vehemently argued that even though there was no fresh investment in the assessment year 2011-12, with regard to administrative and managerial activities, the assessee has admitted expenditure and voluntarily disallowed at ₹.2,64,14,439/- when the assessee has received dividend income of ₹.24

SMT. D. SAILAJA,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes in the manner indicated above

Bench: Shri Ramit Kochar & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A. No. 2350/Chny/2016 िनधा"रण वष"/Assessment Year: 2012-13 Mrs. D. Sailaja, The Deputy Commissioner Of No. 4, 10Th Street, Nandanam Vs. Income Tax, Extension, Nandanam, Non Corporate Circle Ii, Chennai 600 035. Chennai 600 034. [Pan:Aaops2743J] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri J. Purshothaman, C.A. Shri Guru Bashyam, Addl. Cit ""थ" की ओर से/Respondent By : सुनवाई की तारीख/ Date Of Hearing : 26.11.2019 घोषणा की तारीख /Date Of Pronouncement : 23.12.2019 आदेश /O R D E R Per Duvvuru Rl Reddy:

disallowed the amount of difference between the interest paid and interest received of ₹.6,00,000/- [₹.30,00,000-₹.24,00,000] under section