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

5 of 2014 dated 11-2-2014, which has been relied by the\nTribunal in the impugned order cannot be upheld and the disallowance\nunder section 14A of the Act cannot go beyond the extent of exempted\nincome itself.\n\n.....\n\n9. We are unable to subscribe to the aforesaid view. The provisions of\nsection 14A were inserted

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

5 of 2014 dated 11-2-2014, which has been relied by the\nTribunal in the impugned order cannot be upheld and the disallowance\nunder Section 14A of the Act cannot go beyond the extent of exempted\nincome itself.\n.....\n9. We are unable to subscribe to the aforesaid view. The provisions of\nSection 14A were inserted as a response

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

5 of 2014 dated 11-2-2014, which has been relied by the\nTribunal in the impugned order cannot be upheld and the disallowance\nunder section 14A of the Act cannot go beyond the extent of exempted\nincome itself.\n\n.....\n\n9. We are unable to subscribe to the aforesaid view. The provisions of\nsection 14A were inserted

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

5 of 2014 dated 11-2-2014, which has been relied by the\nTribunal in the impugned order cannot be upheld and the disallowance\nunder section 14A of the Act cannot go beyond the extent of exempted\nincome itself.\n.....\n9. We are unable to subscribe to the aforesaid view. The provisions of\nsection 14A were inserted as a response

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

5 of 2014 dated 11-2-2014, which has been relied by the\nTribunal in the impugned order cannot be upheld and the disallowance\nunder Section 14A of the Act cannot go beyond the extent of exempted\nincome itself.\n.....\n9. We are unable to subscribe to the aforesaid view. The provisions of\nSection 14A were inserted as a response

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

5 of 2014 dated 11-2-2014, which has been relied by the\nTribunal in the impugned order cannot be upheld and the disallowance\nunder section 14A of the Act cannot go beyond the extent of exempted\nincome itself.\n.....\n9. We are unable to subscribe to the aforesaid view. The provisions of\nsection 14A were inserted as a response

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

5 of 2014 dated 11-2-2014, which has been relied by the\nTribunal in the impugned order cannot be upheld and the disallowance\nunder section 14A of the Act cannot go beyond the extent of exempted\nincome itself.\n.....\n9. We are unable to subscribe to the aforesaid view. The provisions of\nsection 14A were inserted as a response

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

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.1193, 1194, 1205, 1206 & 1207/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs Cognizant Technology Solutions The Asst. Commissioner India Pvt. Ltd., Of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita Nos.1262, 1263, 1264, 1265 & 1266/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs The Asst. Commissioner Of Cognizant Technology Income Tax, Solutions India Pvt. Ltd., Central Circle 1(1), No.5/535, Okkiam Chennai. Thoraipakkam, Old Mahabalipuram Road, Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent)

250 5,00,738 Technologies - 23 - ITA Nos.1193, 1194, 1205 to 1207, 1262 to 1266/CHNY/2024 Riverbed 2 Technology Pte Singapore USD 12,275 5,42,901 Ltd Sparx System 3 Australia USD 3,337 1,47,984 Pty Ltd Xenos Group 4 Canada USD 20,132 8,97,686 Inc Total of payments (with ‘make available

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

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.1193, 1194, 1205, 1206 & 1207/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs Cognizant Technology Solutions The Asst. Commissioner India Pvt. Ltd., Of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita Nos.1262, 1263, 1264, 1265 & 1266/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs The Asst. Commissioner Of Cognizant Technology Income Tax, Solutions India Pvt. Ltd., Central Circle 1(1), No.5/535, Okkiam Chennai. Thoraipakkam, Old Mahabalipuram Road, Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent)

250 5,00,738 Technologies - 23 - ITA Nos.1193, 1194, 1205 to 1207, 1262 to 1266/CHNY/2024 Riverbed 2 Technology Pte Singapore USD 12,275 5,42,901 Ltd Sparx System 3 Australia USD 3,337 1,47,984 Pty Ltd Xenos Group 4 Canada USD 20,132 8,97,686 Inc Total of payments (with ‘make available

ANGALAKSHMI SPINNING MILL,COIMBATORE vs. DCIT, NON CORPORATE CIRCLE-4, COIMBATORE

The Appeal is dismissed qua the issue of the extent of deduction under Section 80-IA of the Act

Bench: Shri Ss Viswanethra Ravi & Ms. Padmavathy.Sआयकर अपील सं./Ita No.2260/Chny/2025 िनधा#रण वष# /Assessment Year: 2018-19

250 of the Income Tax Act, 1961 ( in short "the Act") dated 18.06.2025 for Assessment Year (AY) 2018-19. The assessee raised the following grounds of appeal: “1. The CIT(A) is erred in upholding the notice issued u/s 143(2) as valid eventhough it is invalid and the consequent assessment is to be set aside for the following reasons

CHOLAMANDALAM INVESTMENT AND FIANANCE CO. LTD.,CHENNAI vs. DCIT, CORPORATE CIRCLE-1(1), CHENNAI

disallowance of depreciation claims was erroneous. The issue of accrued income from excess interest spread was decided in favor of the assessee, following previous consistent decisions.", "result": "Allowed", "sections": [ "147", "143(3)", "43(5)", "250

ASSISTANT COMMISSIONER OF INCOME TAX, HYDERABAD vs. VIRTUSA CONSULTING SERVICES PRIVATE LIMITED, CHENNAI TAMIL NADU

In the result, the ground of appeal in Ground No 2-4 in IT(TP)A No

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunathait (Tp) A No.:42/Chny/2024 & आयकर अपील सं./ Ita No.2262/Chny/2024 "नधा%रण वष% / Assessment Year: 2013-14 & 2012-13

250 of the Income-tax Act, 1961 (‘the Act’) is not in accordance with the law, contrary to the facts and circumstances of the case. Disallowance under section 14A of the Act 2. The Learned CIT(A) has erred in law and facts in confirming the action of the learned Deputy Commissioner of Income Tax, Corporate Circle 5

VIRTUSA CONSULTING SERVICES PVT. LTD.,CHENNAI vs. DCIT, CC-5(2), CHENNAI

In the result, the ground of appeal in Ground No 2-4 in IT(TP)A No

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunathait (Tp) A No.:42/Chny/2024 & आयकर अपील सं./ Ita No.2262/Chny/2024 "नधा%रण वष% / Assessment Year: 2013-14 & 2012-13

250 of the Income-tax Act, 1961 (‘the Act’) is not in accordance with the law, contrary to the facts and circumstances of the case. Disallowance under section 14A of the Act 2. The Learned CIT(A) has erred in law and facts in confirming the action of the learned Deputy Commissioner of Income Tax, Corporate Circle 5

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 8 1 (INCHARGE), HYDERABAD vs. VIRTUSA CONSULTING SERVICES PRIVATE LIMITED, TAMIL NADU

In the result, the ground of appeal in Ground No 2-4 in IT(TP)A No

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunathait (Tp) A No.:42/Chny/2024 & आयकर अपील सं./ Ita No.2262/Chny/2024 "नधा%रण वष% / Assessment Year: 2013-14 & 2012-13

250 of the Income-tax Act, 1961 (‘the Act’) is not in accordance with the law, contrary to the facts and circumstances of the case. Disallowance under section 14A of the Act 2. The Learned CIT(A) has erred in law and facts in confirming the action of the learned Deputy Commissioner of Income Tax, Corporate Circle 5

ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI, CHENNAI vs. M/S CHOLAMANDALAM INVESTMENT & FINANCE COMPANY LTD, CHENNAI

In the result, the appeal of the Revenue is partly allowed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Ble

250 of the Income-tax Act, 1961 (the Act'), in respect of order dated 31 March 2016 passed by the Assessing Officer (AO')under section 143(3) of the Act, on the grounds as set out herein: :-3-: ITA. Nos:2613,2732,2820, 2835&2836/Chny/2024 1. Ground relating to disallowance of forex loss of INR 6,27,10,303/- treating

ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI, CHENNAI vs. CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED, CHENNAI

In the result, the appeal of the Revenue is partly allowed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Ble

250 of the Income-tax Act, 1961 (the Act'), in respect of order dated 31 March 2016 passed by the Assessing Officer (AO')under section 143(3) of the Act, on the grounds as set out herein: :-3-: ITA. Nos:2613,2732,2820, 2835&2836/Chny/2024 1. Ground relating to disallowance of forex loss of INR 6,27,10,303/- treating

TITAN COMPANY LIMITED,HOSUR vs. ASSISTANT COMMISSIONER OF INCOME TAX - LTU 2 (IC), CHENNAI

In the result the appeal raised by the assessee is partly allowed

Bench: Shri Ss Viswanethra Ravi & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1742/Chny/2024 निर्धारण वर्ा /Assessment Years: 2011-12 Titan Company Limited, Assistant Commissioner Of No.3, Sipcot Industrial Complex, Income Tax, Hosur, Krishnagiri, Ltu-2, Tamil Nadu-635126 Chennai [Pan: Aaact5131A] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) : Shri Abhay Kumar, C.A अपीलार्थी की ओर से/ Assessee By : Ms.Komali Krishna, Cit प्रत्यर्थी की ओर से /Revenue By सुनवाई की तारीख/Date Of Hearing : 10.09.2024 घोषणा की तारीख /Date Of Pronouncement : 04.12.2024

250 dated 23.04.2024 passed by NFAC, Delhi. :- 2 -: 2.0 The first issue raised by the assessee vide ground of appeal no.1 is a legal ground challenging the very validity of reopening made u/s 147 r.w.s 148 of the case. The Ld. Counsel for the assessee informed that the Ld. AO had initiated u/s 147 proceedings for two reasons firstly that

ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI, CHENNAI vs. M/S CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED, CHENNAI

In the result, the appeal of the Revenue is partly allowed

250 of the Income-tax Act, 1961 (the Act'), in respect of order\ndated 31 March 2016 passed by the Assessing Officer (AO')under\nsection 143(3) of the Act, on the grounds as set out herein:\n:-3-:\nITA. Nos:2613,2732,2820,\n2835&2836/Chny/2024\n1. Ground relating to disallowance of forex loss