MYLSWAMY RANGA RAMANUJAM,COIMBATORE vs. DCIT, CC-1, COIMBATORE

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita No.1518/Chny/2024 िनधा"रण वष"/Assessment Year: 2017-18 V. Mylswamy Ranga Ramanujam, The Dcit, 13/42A, Greenfields Texpark Road, Corporate Circle-1, Civil Aerodrome Post, Coimbatore. Coimbatore-641 014. [Pan: Abupr 0655 D] (अपीलाथ"/Appellant) (""यथ"/Respondent)

house property. The assessee had filed his return of income (RoI) admitting an income of Rs.1,40,82,913/- on 07.11.2017. Later, RoI was processed by the CPC u/s.143(1) dated 23.01.2019 disallowing the deduction of Rs.14,81,308/- claimed u/s.80IA of the Act in relation to the windmill division. According to the assessee, this is the 8th year

AMBATTUR CLOTHING LIMITED,CHENNAI vs. DCIT COMPANY CIRCLE 1(1), CHENNAI

In the result the appeal of the assessee is allowed

House: Li & Fung India Pvt Ltd)\nwherein it is apparent that pricing of the product has been directly negotiated and\nfixed by Assessee with its third party customer without the involvement of its AE.\nThus, the contention of the Assessee that the international transaction is undertaken\non the basis of back to back invoicing is explicitly clear and factually found

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

house property • Profits and gains of business and profession • Capital gains • Income from other sources 5.2 The income computed under various heads of income in accordance with the provisions of Chapter IV of the IT Act shall be aggregated in accordance with the provisions of Chapter VI of the IT Act, 1961. This means that first the income/loss from various