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8 results for “house property”+ Section 35Dclear

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Key Topics

Section 32(1)(ii)12Depreciation6Disallowance6Addition to Income3Set Off of Losses3Section 42Section 142Section 35D2Section 143(3)2Section 148

HINDUJA FOUNDRIES LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, I.T.A. Nos

ITA 1593/CHNY/2015[2010-11]Status: DisposedITAT Chennai19 Feb 2016AY 2010-11

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.1590, 1591, 1592 & 1593/Mds/2015 "नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2009-10 & 2010-11

For Appellant: Sh. R. Vijayaraghavan, AdvocateFor Respondent: Sh. Pathlavath Peerya, CIT
Section 32(1)(ii)

35D of the Act. According to the Ld. D.R., the expenditure said to be incurred by the assessee is not for the business of the assessee. It is for setting up of new industrial undertakings. The new units established by the assessee may earn profit in the future. Therefore, there is no provision in the Income-tax Act to allow

HINDUJA FOUNDRIES LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, I.T.A. Nos

2
Business Income2
ITA 1590/CHNY/2015[2006-07]Status: Disposed
ITAT Chennai
19 Feb 2016
AY 2006-07

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.1590, 1591, 1592 & 1593/Mds/2015 "नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2009-10 & 2010-11

For Appellant: Sh. R. Vijayaraghavan, AdvocateFor Respondent: Sh. Pathlavath Peerya, CIT
Section 32(1)(ii)

35D of the Act. According to the Ld. D.R., the expenditure said to be incurred by the assessee is not for the business of the assessee. It is for setting up of new industrial undertakings. The new units established by the assessee may earn profit in the future. Therefore, there is no provision in the Income-tax Act to allow

HINDUJA FOUNDRIES LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, I.T.A. Nos

ITA 1591/CHNY/2015[2007-08]Status: DisposedITAT Chennai19 Feb 2016AY 2007-08

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.1590, 1591, 1592 & 1593/Mds/2015 "नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2009-10 & 2010-11

For Appellant: Sh. R. Vijayaraghavan, AdvocateFor Respondent: Sh. Pathlavath Peerya, CIT
Section 32(1)(ii)

35D of the Act. According to the Ld. D.R., the expenditure said to be incurred by the assessee is not for the business of the assessee. It is for setting up of new industrial undertakings. The new units established by the assessee may earn profit in the future. Therefore, there is no provision in the Income-tax Act to allow

HINDUJA FOUNDRIES LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, I.T.A. Nos

ITA 1592/CHNY/2015[2009-10]Status: DisposedITAT Chennai19 Feb 2016AY 2009-10

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita Nos.1590, 1591, 1592 & 1593/Mds/2015 "नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2009-10 & 2010-11

For Appellant: Sh. R. Vijayaraghavan, AdvocateFor Respondent: Sh. Pathlavath Peerya, CIT
Section 32(1)(ii)

35D of the Act. According to the Ld. D.R., the expenditure said to be incurred by the assessee is not for the business of the assessee. It is for setting up of new industrial undertakings. The new units established by the assessee may earn profit in the future. Therefore, there is no provision in the Income-tax Act to allow

ITO CORPORATE WARD 1(3), CHENNAI vs. C.S.HOUSING PROPERTY DEVELOPMENT PVT. LTD., CHENNAI

Accordingly, the order of the learned Commissioner of Income Tax (Appeals) is confirmed and the appeal of the Revenue in I.T.A No.2427/Chny/2018 is dismissed

ITA 2427/CHNY/2018[2012-13]Status: DisposedITAT Chennai25 Jan 2022AY 2012-13

Bench: Shri V. Durga Rao & Shri G. Manjunatha

For Appellant: Mr. AR.V. Sreenivasan, Addl. CITFor Respondent: Mr. R. Sivaraman, Advocate
Section 143(3)Section 147Section 148Section 35D

Housing Property Corporate Ward – 1(3), Vs. Development Private Limited., Room No.612, New No.4, Old No.33, Wanaparthy Road, 6th Floor, Krishna Street, T. Nagar 121, Mahatma Gandhi Road, Chennai – 600 017. Nungambakkam, Chennai – 600 034. PAN :AADCC 8013 B (()थ*/Respondent) (अपीलाथ"/Appellant) अपीलाथ* की ओर से/ Appellant by : Mr. AR.V. Sreenivasan, Addl. CIT ()थ* की ओर से /Respondent

DCIT CORPORATE CIRCLE 1(2), CHENNAI vs. CHENNAI METRO RAIL LIMITED, CHENNAI

In the result, both the appeals filed by the Revenue are dismissed

ITA 2180/CHNY/2018[2013-14]Status: DisposedITAT Chennai24 Jun 2022AY 2013-14

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.2180 & 2181/Chny/2018 िनधा"रण वष"/Assessment Years: 2013-14 & 2014-15 The Deputy Commissioner Of Vs. M/S. Chennai Metro Rail Limited, Income Tax, Administrative Building, Chennai Metro Corporate Circle 1(2), Rail Depot, P.H. Road, Opp. To Daniel Chennai 600 034. Thomas School, Koyambedu, Chennai 600 107. [Pan: Aadcc2233K] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri M. Rajan, Cit ""थ" की ओर से/Respondent By : Shri G. Baskar, Advocate सुनवाई की तारीख/ Date Of Hearing : 10.05.2022 घोषणा की तारीख /Date Of Pronouncement : 24.06.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Revenue Are Directed Against The Common Order Of The Ld. Commissioner Of Income Tax (Appeals) 4, Chennai Dated 14.05.2018 Relevant To The Assessment Years 2013-14 & 2014-15. Since Common Ground Involved, Both The Appeals Were Heard & Being Disposed Of By This Common Order For The Sake Of Convenience. The Only Common Ground Raised In Both The Appeals Relates To Deletion Of Addition Made Towards Interest Income.

For Appellant: Shri M. Rajan, CITFor Respondent: Shri G. Baskar, Advocate
Section 14Section 4

property will be capital receipt. The amount of interest received by the company flows from its investments and its income is clearly revenue in nature and not capital. Section 28 deals with the income from business or profession. The business of the assessee in this case is construction and running of Metro 4 I.T.A. Nos.2180 & 2181/Chny/18 Rail. Therefore, the income

DCIT CORPORATE CIRCLE 1(2), CHENNAI vs. CHENNAI METRO RAIL LIMITED, CHENNAI

In the result, both the appeals filed by the Revenue are dismissed

ITA 2181/CHNY/2018[2014-15]Status: DisposedITAT Chennai24 Jun 2022AY 2014-15

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.2180 & 2181/Chny/2018 िनधा"रण वष"/Assessment Years: 2013-14 & 2014-15 The Deputy Commissioner Of Vs. M/S. Chennai Metro Rail Limited, Income Tax, Administrative Building, Chennai Metro Corporate Circle 1(2), Rail Depot, P.H. Road, Opp. To Daniel Chennai 600 034. Thomas School, Koyambedu, Chennai 600 107. [Pan: Aadcc2233K] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri M. Rajan, Cit ""थ" की ओर से/Respondent By : Shri G. Baskar, Advocate सुनवाई की तारीख/ Date Of Hearing : 10.05.2022 घोषणा की तारीख /Date Of Pronouncement : 24.06.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Revenue Are Directed Against The Common Order Of The Ld. Commissioner Of Income Tax (Appeals) 4, Chennai Dated 14.05.2018 Relevant To The Assessment Years 2013-14 & 2014-15. Since Common Ground Involved, Both The Appeals Were Heard & Being Disposed Of By This Common Order For The Sake Of Convenience. The Only Common Ground Raised In Both The Appeals Relates To Deletion Of Addition Made Towards Interest Income.

For Appellant: Shri M. Rajan, CITFor Respondent: Shri G. Baskar, Advocate
Section 14Section 4

property will be capital receipt. The amount of interest received by the company flows from its investments and its income is clearly revenue in nature and not capital. Section 28 deals with the income from business or profession. The business of the assessee in this case is construction and running of Metro 4 I.T.A. Nos.2180 & 2181/Chny/18 Rail. Therefore, the income

MMRF REALITY AND INFRASTRUCTURE PVT LTD,CHENNAI vs. DCIT CORPORATE CIRCLE 4 (1), CHENNAI

In the result, the assessee’s appeal is partly allowed

ITA 627/CHNY/2018[2012-13]Status: DisposedITAT Chennai24 Jan 2022AY 2012-13

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. No.627/Chny/2018 िनधा"रण वष"/Assessment Year: 2012-13 Mmrf Realty & Infrastructure Pvt. The Deputy Commissioner Of Vs. Ltd., No. 21, Indira Nagar, Income Tax, 1St Avenue, Adyar, Corporate Circle -4(1), Chennai – 600 020. Chennai. [Pan: Aahcm1575E] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri I. Dinesh, Advocate ""थ" की ओर से/Respondent By : Shri G. Johnson, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 04.01.2022 घोषणा की तारीख /Date Of Pronouncement : 24.01.2022 आदेश /O R D E R Per V. Durga Rao: The Appeal Filed By The Assessee Is Against The Impugned Order Of The Ld. Commissioner Of Income Tax (Appeals) 8, Chennai Dated 20.12.2017 In Ita No. 162/15-16 For The Assessment Year 2012-13. 2. The Assessee Has Raised The Following Grounds Of Appeal: 1. The Order Of The Commissioner Of Income Tax (Appeals) Enhancing The Assessment Is Wrong, Illegal, Unjust, Arbitrary & Is Liable To Set Aside.

For Appellant: Shri I. Dinesh, AdvocateFor Respondent: Shri G. Johnson, Addl. CIT
Section 143(3)Section 35D

housing properties and infrastructure development. The assessee filed its return of income on 29.09.2012 and later revised on 09.02.2013 claiming a loss of ₹.17,97,462/-. The case was selected for scrutiny. In response to the statutory notices, the assessee filed various documents and records before the Assessing Officer. After considering the submissions of the assessee, the Assessing Officer completed