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

690. Since the assessee had entered into international transactions, the Assessing Officer (“AO”) referred the case to the Transfer Pricing Officer (TPO), who passed an order under section 92CA(3) of the Act on January 24, 2013. The AO further proceeded to complete the assessment and passed the impugned Draft Assessment Order on March 28, 2013 incorporating the adjustment suggested

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

690. Since the assessee had entered into international transactions, the Assessing Officer (“AO”) referred the case to the Transfer Pricing Officer (TPO), who passed an order under section 92CA(3) of the Act on January 24, 2013. The AO further proceeded to complete the assessment and passed the impugned Draft Assessment Order on March 28, 2013 incorporating the adjustment suggested

EXPRESS PUBLICATIONS (MADURAI)PRIVATE LTD.,CHENNAI vs. DCIT, CORPORATE CIRCLE-II(1), CHENNAI

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

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. No.719/Chny/2023 िनधा"रण वष"/Assessment Year: 2017-18 Express Publications (Madurai) Vs. The Deputy Commissioner Of Private Limited, Income Tax, Company Circle Ii(1) C/O Shri T.N. Seetharaman, Advocate, [Now Dcit, Corporate Circle 2(1)], # 384 (Old No. 196), Lloyds Road, Chennai 600 034. Chennai 600 086. [Pan:Aaaci0842D] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri T.N. Seetharaman, Advocate ""थ" की ओर से/Respondent By : Shri D. Hema Bhupal, Jcit सुनवाई की तारीख/ Date Of Hearing : 10.10.2023 घोषणा की तारीख /Date Of Pronouncement : 18.10.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi, Dated 24.05.2023 Relevant To The Assessment Year 2017-18. 2. Brief Facts Of The Case Are That The Assessee Filed Its Return Of Income For The Assessment Year 2017-18 On 28.10.2017 Admitting Total Income Of ₹.14,11,87,900/- & Admitted Book Profit Of ₹.14,99,79,328/-

section 68 of the Act as well as disallowance of ₹.53,84,690/- under section 41(1) of the Act. On appeal

AVALON TECHNOLOIGES (P) LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the appeals filed by the assessee for assessment year 2009-10 in ITA No

Bench: Shri Mahavir Singhand Dr. M.L. Meena

690 Disallowance u/s 36(i)(va) 26,93,729 Disallowance u/s 40(a)(ia) 1,50,000 Disallowance u/s.40A(7) 4,79,493 Disallowance u/s 40A(3) 91,496 TOTAL 45,55,909 Accordingly, the AO disallowed the deduction and added the same to the returned income of the assessee. Aggrieved, assessee preferred appeal before

DCIT, CHENNAI vs. AVALON TECHNOLOGIES P. LTD.,, CHENNAI

In the result, the appeals filed by the assessee for assessment year 2009-10 in ITA No

Bench: Shri Mahavir Singhand Dr. M.L. Meena

690 Disallowance u/s 36(i)(va) 26,93,729 Disallowance u/s 40(a)(ia) 1,50,000 Disallowance u/s.40A(7) 4,79,493 Disallowance u/s 40A(3) 91,496 TOTAL 45,55,909 Accordingly, the AO disallowed the deduction and added the same to the returned income of the assessee. Aggrieved, assessee preferred appeal before

AVALON TECHNOLOGIES (P) LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the appeals filed by the assessee for assessment year 2009-10 in ITA No

Bench: Shri Mahavir Singhand Dr. M.L. Meena

690 Disallowance u/s 36(i)(va) 26,93,729 Disallowance u/s 40(a)(ia) 1,50,000 Disallowance u/s.40A(7) 4,79,493 Disallowance u/s 40A(3) 91,496 TOTAL 45,55,909 Accordingly, the AO disallowed the deduction and added the same to the returned income of the assessee. Aggrieved, assessee preferred appeal before

ACIT, CHENNAI vs. M/S. STERLITE INDUSTRIES (INDIA) LTD., TUTICORIN

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Section 37 of the Act. The CIT(Appeals), in fact, has placed his reliance in India Cements Ltd. (supra). Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. ITA No.1020,1665 & 1386/Mds/10 27. The next ground of appeal is with regard to disallowance of `2.13 Crores

ACIT, CHENNAI vs. M/S. STERLITE INDUSTRIES (INDIA) LTD., TUTICORIN

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Section 37 of the Act. The CIT(Appeals), in fact, has placed his reliance in India Cements Ltd. (supra). Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. ITA No.1020,1665 & 1386/Mds/10 27. The next ground of appeal is with regard to disallowance of `2.13 Crores

M/S. STERLITE INDUSTRIES (INDIA) LTD.,MADURAI vs. ADDITIONAL CIT, CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Section 37 of the Act. The CIT(Appeals), in fact, has placed his reliance in India Cements Ltd. (supra). Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. ITA No.1020,1665 & 1386/Mds/10 27. The next ground of appeal is with regard to disallowance of `2.13 Crores

M/S STERLITE INDUSTRIES (INDIA) LTD.,TUTICORIN vs. DCIT, CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Section 37 of the Act. The CIT(Appeals), in fact, has placed his reliance in India Cements Ltd. (supra). Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. ITA No.1020,1665 & 1386/Mds/10 27. The next ground of appeal is with regard to disallowance of `2.13 Crores

ACIT, CHENNAI vs. M/S STERLITE INDUSTRIES (INDIA) LTD., TUTICORIN

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Section 37 of the Act. The CIT(Appeals), in fact, has placed his reliance in India Cements Ltd. (supra). Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. ITA No.1020,1665 & 1386/Mds/10 27. The next ground of appeal is with regard to disallowance of `2.13 Crores

ACIT, CHENNAI vs. M/S STERLITE INDUSTRIES (INDIA) LTD., CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Section 37 of the Act. The CIT(Appeals), in fact, has placed his reliance in India Cements Ltd. (supra). Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. ITA No.1020,1665 & 1386/Mds/10 27. The next ground of appeal is with regard to disallowance of `2.13 Crores

FL SMIDTH PVT. LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.3423/Chny/2019 िनधा"रण वष"/Assessment Year: 2012-13 M/S. Flsmidth Private Limited, The Assistant Commissioner Of No.34, Egatoor, Kelambakkam, Vs. Income Tax, Rajiv Gandhi Salai, Company Circle – 2 (1), Chennai – 603 103. Chennai – 600 034. [Pan: Aaacf4997N] (अपीलाथ" /Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By Shri S.P. Chidambaram, Advocate : ""थ" की ओर से/Respondent By Shri M. Rajan, Cit : सुनवाई की तारीख/ Date Of Hearing 01.03.2023 : घोषणा की तारीख /Date Of Pronouncement : 08.03.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Against The Order Of The Ld. Commissioner Of Income Tax (Appeals)-5, Chennai Dated 11.10.2019, Relevant To The Assessment Year 2012–13. The Grounds Raised By The Assessee Are As Under: “1. The Order Of The Commissioner Of Income Tax (Appeals) ['Cit (A)’] Is Contrary To Law, Facts & Circumstances Of The Case. 2. Disallowance Under Section 14A Of The Act Read With Rule 8D 2.1. On Facts & Circumstances Of The Case & In Law, The Learned Cit(A) Erred In Confirming The Action Of The Ao In Making Disallowance Of Rs. 75,94,632 Under Section 14A Read With Rule 8D.

section 37 of the Act. 8. So far as case law placed by the assessee are concerned, the decision in the case of Rotork Controls India Limited v. CIT (supra) has no application to the facts of the present case. In the order passed by the Tribunal for the AY 2005-06 dated 03.08.2017, the issue dealt by the ITAT

ACIT, TRICHY vs. THE KARUR VYSYA BANK LTD., KARUR

In the result, the appeals of the assessee in I

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

690/-. 14. On appeal, the ld. CIT(A) confirmed the disallowance made by the Assessing Officer. 15. We have heard both sides, perused the materials on record and gone through the orders of authorities below. Before us, the ld. Counsel for the assessee has strongly contended that the assessee being a Bank, the securities held as stock-in-trade, section

JCIT (OSD) CIRCLE-2, TRICHY vs. THE KARUR VYSYA BANK LTD., KARUR

In the result, appeal filed by the Revenue for assessment year

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 620/Chny/2020 िनधा"रण वष" / Assessment Year: 2017-18 Deputy Commissioner Of Income M/S. Karur Vysya Bank, V. Tax, Finance &Control Dept., Circle -2(1), Erode Road, Trichy. Karur – 639 002. [Pan: Aaact-3373-J] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No.: 635/Chny/2020 िनधा"रण वष" / Assessment Year: 2017-18 M/S. Karur Vysya Bank, The Joint Commissioner Of V. Finance &Control Dept., Income Tax, Erode Road, Circle -2, Karur – 639 002. No.44, Williams Road, [Pan: Aaact-3373-J] Contanment, Trichy – 620 001. (अपीलाथ"/Appellant) (""यथ"/Respondent) Assessee By : Shri. Ananthan, Ca & Smt. R. Lalitha, Ca Department By : Shri. Nilay Baran Som, Cit सुनवाई क" तारीख/Date Of Hearing : 05.08.2024 घोषणा क" तारीख/Date Of Pronouncement : 20.09.2024 आदेश /O R D E R Per S. R. Raghunatha:

disallowance contemplated u/s.14A triggers and the AO shall compute such disallowance by invoking Rule 8D of IT Rules, 1962 and thus, there is no error in the reasons given by the AO towards disallowance u/s.14A and the order of the AO should be upheld. 14.3 The ld.AR for the assessee at the time of hearing submitted that this issue

SHRIRAM TRANSPORT FINANCE CO. LTD.,CHENNAI vs. DCIT CORPORATE CIRCLE 6(1), CHENNAI

In the result, both the appeals of the Revenue and assessee stand dismissed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamony

690/- towards payment of royalty. 4. We heard Shri Sailendra Mamidi, the Ld. Departmental Representative and Shri R. Sivaraman, the Ld.counsel for the assessee. It was brought to the notice of the Bench that a similar royalty paid by the assessee was considered by this Tribunal for assessment year 2012-13 in I.T.A. No.728/Mds/2016, a copy of which is available

PRIYA RAJASHEKAR,CHENNAI vs. ITO, CHENNAI

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

Bench: Shri Sanjay Arora & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A.No.1617/Mds/2016 "नधा"रण वष"/Assessment Year:2011-12 Smt. Priya Rajashekar, The Income Tax Officer, Prop: M/S. Rithwik Softex, No. 54, Vs. Business Ward Iv(3), Beach Road, Besant Nagar, Chennai 600 034. Chennai 600 090. [Pan:Ahxpp4655L] (अपीलाथ" /Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से / Appellant By : Shri R. Venkatesh, C.A. ""यथ" क" ओर से/Respondent By : Ms. Veni Raj, Jcit सुनवाई क" तार"ख/ Date Of Hearing : 03.08.2017 घोषणा क" तार"ख /Date Of Pronouncement : 13.10.2017 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai, Dated 08.03.2016 Relevant To The Assessment Year 2011-12. The Only Effective Ground Raised By The Assessee Is That The Ld. Cit(A) Erred In Confirming Disallowance Of Deduction Under Section 10A Of The Income Tax Act, 1961 [“Act” In Short].

section 10A of the Act at ₹.78,52,690/- was disallowed and added with the total income of the assessee

R. G. SUNDAR & CO,ERODE vs. DCIT, CENTRAL CIRCLE-2, COIMBATORE, COIMBATORE

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

Bench: Shri Mahavir Singh & Shri Jagadishआयकर अपील सं./Ita No.121/Chny/2024 िनधा8रण वष8 /Assessment Year: 2017-18 R.G Sundar & Co., The Dy. Commissioner Of Erode Feeds Producers, Vs. Income Tax, 82 Perundurai Road, Central Circle-2, Erode – 638 011. Coimbatore. [Pan: Aaffr-3771-C] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथF की ओर से/ Appellant By : Shri H.Yeswanthkumar, C.A HiथF की ओर से /Respondent By : Shri P.Sajit Kumar, Jcit सुनवाई की तारीख/Date Of Hearing : 30.05.2024 घोषणा की तारीख /Date Of Pronouncement : 30.05.2024 आदेश / O R D E R Per Jagadish, A.M : Aforesaid Appeal Filed By The Assessee Is Against The Order Of Learned Commissioner Of Income Tax (Appeals), Chennai [Hereinafter “Cit(A)”] Dated 21.11.2023 In The Matter Of Assessment Framed By Ld. Assessing Officer [Ao] U/S.143(3) Of The Income Tax Act, 1961 (Hereinafter “The Act”) On 26.12.2019. The Grounds Of Appeal Raised By The Assessee Are As Under: 1. For That The Order Of The Commissioner Of Income Tax (Appeals) Is Contrary To Law, Facts & Circumstances Of The Case To The Extent :- 2 -:

disallowance of Rs.9,62,690 of delivery charges made in cash in excess of Rs. 20,000/-. 4. The Ld. A.R has submitted that the Ld. CIT(A) has ignored the second proviso to Section