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2 results for “reassessment”+ Section 32(1)(iia)clear

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Key Topics

Section 1477Section 115J3Section 143(3)2Section 14A2Section 143(2)2Disallowance2Addition to Income2

ACIT, LTU-2,, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

In the result, appeal filed by the assessee is partly allowed and the appeal of the Revenue is dismissed

ITA 2618/CHNY/2019[2015-16]Status: DisposedITAT Chennai07 Jul 2025AY 2015-16

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

For Appellant: Mr.R. Vijayaraghavan, AdvFor Respondent: Mr.A. Sasikumar, CIT
Section 115JSection 143(3)Section 14A

iia) of the Act on the same. The Ld. CIT, DR appearing before us are was unable to controvert the same. We therefore do not see any reason to interfere with the order of Ld. CIT(A) in this regard and accordingly dismiss this ground of the Revenue.” 5.2 The Ld. CIT, DR was not able to distinguish the above

M/S. ASHOK LEYLAND LTD.,CHENNAI vs. DCIT, NCC-8(1), LTU-II,, CHENNAI

In the result, appeal filed by the assessee is allowed

ITA 601/CHNY/2025[2010-11]Status: DisposedITAT Chennai29 Jul 2025AY 2010-11

Bench: Shri Aby T. Varkey & Shri Jagadish

Section 143(2)Section 143(3)Section 147Section 148Section 32(1)(iia)

32(1)(iia) of the Act. Thereafter, the AO issued notice u/s.148 of the Act dated 31.03.2017 after expiry of four (4) years, reopening the assessment, for the reasons that additional depreciation could not be allowed to the assessee on account of electrical installations, data processing equipment & exchange fluctuation loss. Thereafter, the reassessment was completed u/s 147/143