ACIT, CC - I (2),, CHENNAI vs. M/S. BALAJI HOTELS & ENTERPRISES LTD.,, CHENNAI

In the result, the appeals filed by the Revenue in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

Section 14A of the Act. Subsequently, the AO issued notice u/s.148 of the Act dated 14.03.2015 and in consequent to the same, the assessee filed a letter dated 26.09.2015 stating that the original ITA Nos.207 to 209/Chny/2020 return of income filed for the relevant assessment year may be treated as return filed in response to notice u/s.148

DCIT, CORPORATE CIRCLE 6(2), CHENNAI vs. SUNDARAM FASTENERS LTD, CHENNAI

In the result, the appeal filed by the assessee in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

43B () which can be allowable only in the year in which it was actually paid. Further it is seen that as per Sl. No. 14(4) under schedule XVII- Notes on account - the short term compensated absences and long term absences are provided based on actuarial valuation made at the end of year thus falling squarely under section43

SUNDARAM FASTENERS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal filed by the assessee in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

43B () which can be allowable only in the year in which it was actually paid. Further it is seen that as per Sl. No. 14(4) under schedule XVII- Notes on account - the short term compensated absences and long term absences are provided based on actuarial valuation made at the end of year thus falling squarely under section43

UNITED INDIA INSUANCE CO LIMITED,CHENNAI vs. PCIT 3, CHENNAI

43B, which is added back in\naccordance with clause (a) of this rule, shall be allowed as deduction in computing the\nincome under the said rule in the previous year in which such sum is actually paid.\n26.\nOn perusal of the above, it is noted that the section 44 of the Act\nexplains the profit and gains

PONNI SUGARS (ERODE) LTD.,CHENNAI vs. DCIT, CIRCLE-1, LTU,, CHENNAI

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

Bench: Shri George George Kand Shri Amitabh Shuklaआयकर अपील सं./Ita No.: 23/Chny/2025 िनधा"रण वष"/Assessment Year:2009-10 Ponni Sugars (Erode) Limited, The Deputy Commissioner Esvin House, No.13, Vs. Of Income Tax, Rajiv Gandhi Salai (Omr), Circle-1, Ltu, Perungudi, Chennai. Chennai – 600 096. Pan: Aaccp 2779A (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri N.R. Suresh, C.A. ""यथ" क" ओर से/Respondent By : Ms. Anitha, Addl.Cit सुनवाई क" तारीख/Date Of Hearing : 05.08.2025 घोषणा क" तारीख/Date Of Pronouncement : 06.08.2025

43B. d) As the Government was to release the subsidy to the Bank in the normal course, the amount was credited to interest expense in accordance with applicable accounting standards that in effect correspondingly increased the profit Pending realisation, the amount due was debited to claims receivable. The banks informed the company that the subsidy will be credited

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED,CHENNAI vs. DCIT, NON CORP CIRCLE 8, CHENNAI

reassessment:\ni) The Learned AO erred in reopening the assessment though the information pertaining to IBNR/ IBNER was available in the financials submitted in the course of original assessment\nii) The Learned AO erred in reopening the assessment for disallowing the unexpired risk reserve in respect of Third Party Motor Pool while the necessary information on the same was provided

DEPUTY COMMISSIONER OF INCOMETAX , CHENNAI vs. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED, CHENNAI

reassessment:\ni) The Learned AO erred in reopening the assessment though the\ninformation pertaining to IBNR/ IBNER was available in the financials\nsubmitted in the course of original assessment\nii) The Learned AO erred in reopening the assessment for disallowing\nthe unexpired risk reserve in respect of Third Party Motor Pool while\nthe necessary information on the same was provided

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED,CHENNAI vs. DCIT, NON CORP CIRCLE 8, CHENNAI

reassessment:\ni)\nThe Learned AO erred in reopening the assessment though the\ninformation pertaining to IBNR/ IBNER was available in the financials\nsubmitted in the course of original assessment\nii)\nThe Learned AO erred in reopening the assessment for disallowing\nthe unexpired risk reserve in respect of Third Party Motor Pool while\nthe necessary information on the same was provided

UCAL LIMITED,CHENNAI vs. PCIT, CHENNAI-3,, CHENNAI

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

43B of the Act in the computation of taxable total income. 14. The Ld.AR argued that the said submission was supported by the decision of the jurisdictional High Court in the case of CIT v. Industrial Security & Intelligence India P. Ltd. [TCA Nos.585 & 586 of 2015 dated 24.07.2015], which ratio was binding upon the assessee as well as the Jurisdictional

ORAGADAM CITY DEVELOPERS PVT. LTD.,CHENNAI vs. ITO, CORPORATE WARD-5(1), CHENNAI

In the result, Addition u/s

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunatha

reassessment proceedings were thus concluded u/s. 143(3) r.w.s 147 of the Act on 23.12.2019, determining the total assessed income at Rs.3,14,29,626/- making the following additions: (i) Rs.2,42,55,000/- u/s. 56(2)(viib) as income from other sources on account of excess share premium; (ii) Rs.2,41,899/- u/s. 43B towards unpaid statutory dues

DCIT CORPORATE CIRCLE-1(2), CHENNAI vs. BAY FORGE LTD, KANCHEEPURAM

In the result, the appeal filed by the Revenue is dismissed and the cross objection filed by the assessee is dismissed as academic

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita No.:1462/Chny/2019 िनधा"रण वष" /Assessment Year: 2009-10 & C.O No.76/Chny/2019 [In I.T.A. No.1462/Chny/2019] The Dcit, Bay Forge Limited, Corporate Circle -1(2), Vs. Palayanoor Po Chennai. Vedanthangal Road, Pukkath Village, Madurantakam Taluk, Kancheepuram – 603 308. Pan: Aaacf 0453D (अपीलाथ"/Appellant) (""यथ"/Respondent) राज" की ओर से /Revenue By : Dr. R. Mohan Reddy, Cit िनधा"रती क" ओर से/Assessee By : Shri Raghav Menon, Advocate सुनवाई क" तारीख/Date Of Hearing : 16.02.2023 घोषणा क" तारीख/Date Of Pronouncement : 16.02.2023

43B did not arise. The appellant has furnished all the requisite particulars pertaining to this claim of interest expenditure during the appellate proceedings. As the interest has been found to be paid before the due date of filing the return, I find there is considerable merit in the contentions of the appellant. Hence, this disallowance of Rs.4

BHARAT TECHNOLOGIES AUTO COMPONENTS LIMITED,CHENNAI vs. ITO, COMPANY WARD 1(1), CHENNAI

In the result, appeals filed by the assessee are allowed for statistical

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.1841, 1842 & 1843/Chny/2024 िनधा"रण वष"/Assessment Years: 2003-04, 2004-05 & 2006-07 V. M/S. Bharat Technologies Auto – The Ito, Components Ltd., Company Ward-1(1), 177 Raheja Towers, Chennai. 7Th Floor, Unit No.708, Beta Wing, Anna Salai, Chennai-600 002. [Pan: Aabcb 9835 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

43B of Income Tax Act, 1961 in respect of the reliefs and concessions to be availed of by UPSL.) To exempt the company from applicability of payment of Minimum Alternate Tax (MAT) u/s 115JB, 115JAA of the Income Tax Act, 1961 till the accumulated losses are wiped out. iv) To exempt the company from the provisions of Section 80 read

BHARAT TECHNOLOGIES AUTO COMPONENTS LIMITED,CHENNAI vs. ITO, COMPANY WARD 1(1), CHENNAI

In the result, appeals filed by the assessee are allowed for statistical

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.1841, 1842 & 1843/Chny/2024 िनधा"रण वष"/Assessment Years: 2003-04, 2004-05 & 2006-07 V. M/S. Bharat Technologies Auto – The Ito, Components Ltd., Company Ward-1(1), 177 Raheja Towers, Chennai. 7Th Floor, Unit No.708, Beta Wing, Anna Salai, Chennai-600 002. [Pan: Aabcb 9835 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

43B of Income Tax Act, 1961 in respect of the reliefs and concessions to be availed of by UPSL.) To exempt the company from applicability of payment of Minimum Alternate Tax (MAT) u/s 115JB, 115JAA of the Income Tax Act, 1961 till the accumulated losses are wiped out. iv) To exempt the company from the provisions of Section 80 read

BHARAT TECHNOLOGIES AUTO COMPONENTS LIMITED,CHENNAI vs. ITO, COMPANY WARD 1(1), CHENNAI

In the result, appeals filed by the assessee are allowed for statistical

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.1841, 1842 & 1843/Chny/2024 िनधा"रण वष"/Assessment Years: 2003-04, 2004-05 & 2006-07 V. M/S. Bharat Technologies Auto – The Ito, Components Ltd., Company Ward-1(1), 177 Raheja Towers, Chennai. 7Th Floor, Unit No.708, Beta Wing, Anna Salai, Chennai-600 002. [Pan: Aabcb 9835 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

43B of Income Tax Act, 1961 in respect of the reliefs and concessions to be availed of by UPSL.) To exempt the company from applicability of payment of Minimum Alternate Tax (MAT) u/s 115JB, 115JAA of the Income Tax Act, 1961 till the accumulated losses are wiped out. iv) To exempt the company from the provisions of Section 80 read