DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, THIRUVANNAMALAI

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita Nos.: 1650, 1651, 1652, 1653, 1654 & 1655/Chny/2025 निर्धारण वर्ष/Assessment Years: 2015-16, 2017-18, 2018-19, 2019-20, 2020-21 & 2021-22 The Dcit, Central Circle 2 (2), Chennai. (अपीलार्थी/Appellant) अपीलार्थी की ओर से/Appellant By प्रत्यर्थी की ओर से/Respondent By सुनवाई की तारीख/Date Of Hearing Vs. Ethirajulu Vajravel Kumaran, 50A, Bhavaji Nagar, 2Nd Street, Chengam Road, Tiruvannamalai - 606 601. Pan: Alipk 1937H (प्रत्यर्थी/Respondent) : Shri Shiva Srinivas, Cit : Shri R. Venkata Raman, Ca : 03.09.2025 घोषणा की तारीख/Date Of Pronouncement : 21.10.2025 आदेश/Order Per George George K: These Six Appeals Filed By The Revenue Are Directed Against Different Orders Of Commissioner Of Income Tax (Appeal), Chennai-19, Passed Under Section 250 Of The Income Tax Act, 1961 (Hereinafter Called 'The Act'). The Orders Of Cit(A) Arise Out Of Orders Of Ao Imposing Penalties U/S.271(1)(C) / 270A / 271Aa Of The Act. The Relevant Assessment Years Are 2015-16, 2017-18, To 2021-22. The Details Of The Respective Appeals Preferred By The Revenue Are As Under: - S. No.

section 250 of the Income Tax Act, 1961 (hereinafter called 'the Act'). The orders of CIT(A) arise out of orders of AO imposing penalties u/s.271(1)(c) / 270A / 271AA of the Act. The relevant Assessment Years are 2015-16, 2017-18, to 2021-22. The details of the respective appeals preferred by the Revenue are as under

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, TIRUVANNAMALAI

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita Nos.: 1650, 1651, 1652, 1653, 1654 & 1655/Chny/2025 निर्धारण वर्ष/Assessment Years: 2015-16, 2017-18, 2018-19, 2019-20, 2020-21 & 2021-22 The Dcit, Central Circle 2 (2), Chennai. Ethirajulu Vajravel Kumaran, 50A, Bhavaji Nagar, 2Nd Street, Chengam Road, Tiruvannamalai - 606 601. (अपीलार्थी/Appellant) Vs. Pan: Alipk 1937H (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/Appellant By : Shri Shiva Srinivas, Cit प्रत्यर्थी की ओर से/Respondent By : Shri R. Venkata Raman, Ca सुनवाई की तारीख/Date Of Hearing : 03.09.2025 घोषणा की तारीख/Date Of Pronouncement : 21.10.2025 आदेश/Order Per George George K: These Six Appeals Filed By The Revenue Are Directed Against Different Orders Of Commissioner Of Income Tax (Appeal), Chennai-19, Passed Under Section 250 Of The Income Tax Act, 1961 (Hereinafter Called 'The Act'). The Orders Of Cit(A) Arise Out Of Orders Of Ao Imposing Penalties U/S.271(1)(C) / 270A / 271Aa Of The Act. The Relevant Assessment Years Are 2015-16, 2017-18, To 2021-22. The Details Of The Respective Appeals Preferred By The Revenue Are As Under: - S. No.

section 250 of the Income Tax Act, 1961 (hereinafter called 'the Act'). The orders of CIT(A) arise out of orders of AO imposing penalties u/s.271(1)(c) / 270A / 271AA of the Act. The relevant Assessment Years are 2015-16, 2017-18, to 2021-22. The details of the respective appeals preferred by the Revenue are as under

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, CHENNAI

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita Nos.: 1650, 1651, 1652, 1653, 1654 & 1655/Chny/2025 निर्धारण वर्ष/Assessment Years: 2015-16, 2017-18, 2018-19, 2019-20, 2020-21 & 2021-22 The Dcit, Central Circle 2 (2), Chennai. (अपीलार्थी/Appellant) अपीलार्थी की ओर से/Appellant By प्रत्यर्थी की ओर से/Respondent By सुनवाई की तारीख/Date Of Hearing Vs. Ethirajulu Vajravel Kumaran, 50A, Bhavaji Nagar, 2Nd Street, Chengam Road, Tiruvannamalai - 606 601. Pan: Alipk 1937H (प्रत्यर्थी/Respondent) : Shri Shiva Srinivas, Cit : Shri R. Venkata Raman, Ca : 03.09.2025 घोषणा की तारीख/Date Of Pronouncement : 21.10.2025 आदेश/Order Per George George K: These Six Appeals Filed By The Revenue Are Directed Against Different Orders Of Commissioner Of Income Tax (Appeal), Chennai-19, Passed Under Section 250 Of The Income Tax Act, 1961 (Hereinafter Called 'The Act'). The Orders Of Cit(A) Arise Out Of Orders Of Ao Imposing Penalties U/S.271(1)(C) / 270A / 271Aa Of The Act. The Relevant Assessment Years Are 2015-16, 2017-18, To 2021-22. The Details Of The Respective Appeals Preferred By The Revenue Are As Under: - S. No.

section 250 of the Income Tax Act, 1961 (hereinafter called 'the Act'). The orders of CIT(A) arise out of orders of AO imposing penalties u/s.271(1)(c) / 270A / 271AA of the Act. The relevant Assessment Years are 2015-16, 2017-18, to 2021-22. The details of the respective appeals preferred by the Revenue are as under

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, THIRUVANNAMALAI

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita Nos.: 1650, 1651, 1652, 1653, 1654 & 1655/Chny/2025 निर्धारण वर्ष/Assessment Years: 2015-16, 2017-18, 2018-19, 2019-20, 2020-21 & 2021-22 The Dcit, Central Circle 2 (2), Chennai. (अपीलार्थी/Appellant) Vs. Ethirajulu Vajravel Kumaran, 50A, Bhavaji Nagar, 2Nd Street, Chengam Road, Tiruvannamalai - 606 601. Pan: Alipk 1937H (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/Appellant By प्रत्यर्थी की ओर से/Respondent By सुनवाई की तारीख/Date Of Hearing घोषणा की तारीख/Date Of Pronouncement : Shri Shiva Srinivas, Cit : Shri R. Venkata Raman, Ca : 03.09.2025 : 21.10.2025 आदेश/Order Per George George K: These Six Appeals Filed By The Revenue Are Directed Against Different Orders Of Commissioner Of Income Tax (Appeal), Chennai-19, Passed Under Section 250 Of The Income Tax Act, 1961 (Hereinafter Called 'The Act'). The Orders Of Cit(A) Arise Out Of Orders Of Ao Imposing Penalties U/S.271(1)(C) / 270A / 271Aa Of The Act. The Relevant Assessment Years Are 2015-16, 2017-18, To 2021-22. The Details Of The Respective Appeals Preferred By The Revenue Are As Under: - S. No.

section 250 of the Income Tax Act, 1961 (hereinafter called 'the Act'). The orders of CIT(A) arise out of orders of AO imposing penalties u/s.271(1)(c) / 270A / 271AA of the Act. The relevant Assessment Years are 2015-16, 2017-18, to 2021-22. The details of the respective appeals preferred by the Revenue are as under

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, TIRUVANNAMALAI

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita Nos.: 1650, 1651, 1652, 1653, 1654 & 1655/Chny/2025 निर्धारण वर्ष/Assessment Years: 2015-16, 2017-18, 2018-19, 2019-20, 2020-21 & 2021-22 The Dcit, Central Circle 2 (2), Chennai. (अपीलार्थी/Appellant) अपीलार्थी की ओर से/Appellant By प्रत्यर्थी की ओर से/Respondent By सुनवाई की तारीख/Date Of Hearing Vs. Ethirajulu Vajravel Kumaran, 50A, Bhavaji Nagar, 2Nd Street, Chengam Road, Tiruvannamalai - 606 601. Pan: Alipk 1937H (प्रत्यर्थी/Respondent) : Shri Shiva Srinivas, Cit : Shri R. Venkata Raman, Ca : 03.09.2025 घोषणा की तारीख/Date Of Pronouncement : 21.10.2025 आदेश/Order Per George George K: These Six Appeals Filed By The Revenue Are Directed Against Different Orders Of Commissioner Of Income Tax (Appeal), Chennai-19, Passed Under Section 250 Of The Income Tax Act, 1961 (Hereinafter Called 'The Act'). The Orders Of Cit(A) Arise Out Of Orders Of Ao Imposing Penalties U/S.271(1)(C) / 270A / 271Aa Of The Act. The Relevant Assessment Years Are 2015-16, 2017-18, To 2021-22. The Details Of The Respective Appeals Preferred By The Revenue Are As Under: - S. No.

section 250 of the Income Tax Act, 1961 (hereinafter called 'the Act'). The orders of CIT(A) arise out of orders of AO imposing penalties u/s.271(1)(c) / 270A / 271AA of the Act. The relevant Assessment Years are 2015-16, 2017-18, to 2021-22. The details of the respective appeals preferred by the Revenue are as under

DCIT CORPORATE CIRCLE 2(1), CHENNAI vs. FIXIT PVT. LTD., CHENNAI

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

Bench: Shri N.R.S. Ganesan & Shri Abraham P.George

68,564 : 2,79,910 -------------- -------------- Assessed Book Profit : 9,66,375 -------------- 7. Share of loss from the two firms were debited by the assessee in its Profit & Loss A/c and the profit shown in the P&L A/c was after these debits. What can be added to the profit as shown in the Profit & Loss A/c and what

INVESTOR FINANCIAL EDUCATION ACADEMY,CHENNAI vs. ITO (EXEMPTION) - 4, CHENNAI

In the result, the appeal filed by the assessee is allowed and the substantial questions of law framed for consideration, are answered in favour of the assessee

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.3006 & 3007/Chny/2018 िनधा"रण वष"/Assessment Years: 2018-19 M/S. Investor Financial Education Vs. The Income Tax Officer Academy, 5A, 5Th Floor, Kences Tower, (Exemption) - 4, No. 1, Ramakrishnan Street, T. Nagar, Chennai 600 034. Chennai 600 017. [Pan:Aacci5911R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri R. Sivaraman, Advocate ""थ" की ओर से/Respondent By : Shri M. Rajan, Cit सुनवाई की तारीख/ Date Of Hearing : 08.02.2022 घोषणा की तारीख /Date Of Pronouncement : 12.04.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Assessee Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Exemptions), Chennai Both Dated 28.09.2018 Passed Under Section 80G(5)(Vi) As Well As 12Aa Of The Income Tax Act, 1961 Relevant To The Assessment Year 2018-19. 2. Brief Facts Of The Case Are That The Assessee Originally Filed The Application In Form No. 10A For Registration Under Section 12Aa Of The 2

5A, 5th Floor, Kences Tower, (Exemption) - 4, No. 1, Ramakrishnan Street, T. Nagar, Chennai 600 034. Chennai 600 017. [PAN:AACCI5911R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant by : Shri R. Sivaraman, Advocate ""थ" की ओर से/Respondent by : Shri M. Rajan, CIT सुनवाई की तारीख/ Date of hearing : 08.02.2022 घोषणा की तारीख /Date of Pronouncement : 12.04.2022 आदेश

INVESTOR FINANCIAL EDUCATION ACADEMY,CHENNAI vs. ITO (EXEMPTION) - 4, CHENNAI

In the result, the appeal filed by the assessee is allowed and the substantial questions of law framed for consideration, are answered in favour of the assessee

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.3006 & 3007/Chny/2018 िनधा"रण वष"/Assessment Years: 2018-19 M/S. Investor Financial Education Vs. The Income Tax Officer Academy, 5A, 5Th Floor, Kences Tower, (Exemption) - 4, No. 1, Ramakrishnan Street, T. Nagar, Chennai 600 034. Chennai 600 017. [Pan:Aacci5911R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri R. Sivaraman, Advocate ""थ" की ओर से/Respondent By : Shri M. Rajan, Cit सुनवाई की तारीख/ Date Of Hearing : 08.02.2022 घोषणा की तारीख /Date Of Pronouncement : 12.04.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Assessee Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Exemptions), Chennai Both Dated 28.09.2018 Passed Under Section 80G(5)(Vi) As Well As 12Aa Of The Income Tax Act, 1961 Relevant To The Assessment Year 2018-19. 2. Brief Facts Of The Case Are That The Assessee Originally Filed The Application In Form No. 10A For Registration Under Section 12Aa Of The 2

5A, 5th Floor, Kences Tower, (Exemption) - 4, No. 1, Ramakrishnan Street, T. Nagar, Chennai 600 034. Chennai 600 017. [PAN:AACCI5911R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant by : Shri R. Sivaraman, Advocate ""थ" की ओर से/Respondent by : Shri M. Rajan, CIT सुनवाई की तारीख/ Date of hearing : 08.02.2022 घोषणा की तारीख /Date of Pronouncement : 12.04.2022 आदेश

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(2), CHENNAI, CHENNAI vs. BONDALAPATI SHIVAJI RAO, CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1044/Chny/2023 िनधा"रण वष"/Assessment Year: 2019-20 V. Shri Bondalapati Shivaji Rao, The Dcit, 121, Shankar Nagar, M.G. Road, Central Circle-1(2), Pammal, Chennai-600 075. Chennai. [Pan: Aahpb 0083 D] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No.1103/Chny/2023 िनधा"रण वष"/Assessment Year: 2019-20 V. The Dcit, Shri Bondalapati Shivaji Rao, Central Circle-1(2), 121, Shankar Nagar, Chennai. M.G. Road, Pammal, Chennai-600 075. [Pan: Aahpb 0083 D] (अपीलाथ"/Appellant) (""थ"/Respondent)

68) rendered on similar facts and circumstances, wherein also the assessment order was quashed by this Tribunal, by holding as under: - "4. We have heard the Learned Representatives of both the parties. Learned Counsel for the Assessee submitted that A.O. should have passed the assessment order under section 153C since satisfaction note was prepared

BONDALAPATI SHIVAJI RAO,CHENNAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(2), CHENNAI, CHENNAI

In the result, appeal filed by the assessee stands allowed and

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1044/Chny/2023 निर्धारण वर्ष/Assessment Year: 2019-20 Shri Bondalapati Shivaji Rao, 121, Shankar Nagar, M.G. Road, Pammal, Chennai-600 075. [Pan: Aahpb 0083 D] (अपीलार्थी/Appellant) The Dcit, Central Circle-1(2), Chennai. (अपीलार्थी/Appellant) V. The Dcit, Central Circle-1(2), Chennai. (प्रत्यर्थी/Respondent) आयकर अपील सं./Ita No.1103/Chny/2023 निर्धारण वर्ष/Assessment Year: 2019-20 V. Shri Bondalapati Shivaji Rao, 121, Shankar Nagar, M.G. Road, Pammal, Chennai-600 075. [Pan: Aahpb 0083 D] (प्रत्यर्थी/Respondent) Assessee By : Shri B. Ramakrishnan, Fca Shri S. Dwarakesh, Ca Shri Shrenik Chordia, Ca Department By : Shri V. Nandakumar, Cit सुनवाईकीतारीख/Date Of Hearing : 08.08.2024 घोषणाकीतारीख /Date Of Pronouncement : 18.09.2024 आदेश / Order Per Aby T. Varkey, Jm: These Appeals Preferred By The Assessee & The Revenue Are Against The Order Of The Learned Commissioner Of Income Tax (Appeals)- 18, Chennai (Hereinafter In Short `The Ld.Cit(A)') Dated 26.07.2023 Passed For Assessment Year (Hereinafter In Short `Ay') 2019-20.

68) rendered on similar facts and circumstances, wherein also the assessment order was quashed by this Tribunal, by holding as under: - "4. We have heard the Learned Representatives of both the parties. Learned Counsel for the Assessee submitted that A.O. should have passed the assessment order under section 153C since satisfaction note was prepared

TAMIL NADU BRICK INDUSTRIES,CHENNAI vs. ITO, CHENNAI

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A.No.744/Chny/2017 "नधा"रण वष"/Assessment Year:2013-14 M/S. Tamilnadu Brick Industries, The Income Tax Officer, No. 47, Mangali Nagar 1St Street, Vs. Non Corporate Circle 8(1), Arumbakkam, Chennai 600 106. Chennai. [Pan: Aafft3643P] (अपीलाथ" /Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से / Appellant By : Shri S. Sridhar, Advocate ""यथ" क" ओर से/Respondent By : Shri Vijay Kumar Punna, Jr. Standing Counsel सुनवाई क" तार"ख/ Date Of Hearing : 13.02.2018 घोषणा क" तार"ख /Date Of Pronouncement : 11.05.2018 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) 9, Chennai, Dated 27.02.2017 Relevant To The Assessment Year 2013-14. The Assessee Has Raised The Following Grounds: “1. The Order Of The Commissioner Of Income Tax (Appeals) 9, Chennai Dated 27.02.2017 In I.T.A.No.07/Cit(A)-9/2016-17 For The Above Mentioned Assessment Year Is Contrary To Law, Facts & In The Circumstances Of The Case.

68 of Paper book - Vol.1 13.3: The Developer shall have the power to sell the Developer’s constructed area after obtaining statutory approvals and the proportionate 60% undivided share in the Schedule property and enter into agreements and execute sale deeds and other conveyances in favour of prospective purchasers in respect of the Developer’s constructed area and the proportionate

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD.,CHENNAI vs. ACIT, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

5A of New Appendix 1 read with Rule 5, the assessee is entitled for 50% depreciation on new motor vehicles acquired and put to use after certain dates. However, the Assessing Officer as well as the learned CIT(A) has relied upon Circular No. 609 dated 29.07.1991 and judgement of Hon’ble Bombay High Court in the case

DCIT, CHENNAI vs. M/S. CHOLAMANDALAM MS GENERAL INSURANCE CO. LTD., CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

5A of New Appendix 1 read with Rule 5, the assessee is entitled for 50% depreciation on new motor vehicles acquired and put to use after certain dates. However, the Assessing Officer as well as the learned CIT(A) has relied upon Circular No. 609 dated 29.07.1991 and judgement of Hon’ble Bombay High Court in the case

M/S. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD.,CHENNAI vs. ACIT, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

5A of New Appendix 1 read with Rule 5, the assessee is entitled for 50% depreciation on new motor vehicles acquired and put to use after certain dates. However, the Assessing Officer as well as the learned CIT(A) has relied upon Circular No. 609 dated 29.07.1991 and judgement of Hon’ble Bombay High Court in the case

CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD.,CHENNAI vs. DCIT, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

5A of New Appendix 1 read with Rule 5, the assessee is entitled for 50% depreciation on new motor vehicles acquired and put to use after certain dates. However, the Assessing Officer as well as the learned CIT(A) has relied upon Circular No. 609 dated 29.07.1991 and judgement of Hon’ble Bombay High Court in the case

DCIT, CHENNAI vs. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD., CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

5A of New Appendix 1 read with Rule 5, the assessee is entitled for 50% depreciation on new motor vehicles acquired and put to use after certain dates. However, the Assessing Officer as well as the learned CIT(A) has relied upon Circular No. 609 dated 29.07.1991 and judgement of Hon’ble Bombay High Court in the case

ACIT, CHENNAI vs. M/S. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

5A of New Appendix 1 read with Rule 5, the assessee is entitled for 50% depreciation on new motor vehicles acquired and put to use after certain dates. However, the Assessing Officer as well as the learned CIT(A) has relied upon Circular No. 609 dated 29.07.1991 and judgement of Hon’ble Bombay High Court in the case

M/S CHOLAMANDALAM MS GENERAL INSUSRANCE COMPANY LIMITED,CHENNAI vs. DCIT, PARGE TAX PAYER UNIT 2

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

5A of New Appendix 1 read with Rule 5, the assessee is entitled for 50% depreciation on new motor vehicles acquired and put to use after certain dates. However, the Assessing Officer as well as the learned CIT(A) has relied upon Circular No. 609 dated 29.07.1991 and judgement of Hon’ble Bombay High Court in the case

ACIT LTU 2 , CHENNAI vs. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED, CHENNAI

Bench: Shri V.Durga Rao & Shri G. Manjunatha(अपीलाथ"/Appellant) (""यथ"/Respondent) S.

5A of New Appendix 1 read with Rule 5, the assessee is entitled for 50% depreciation on new motor vehicles acquired and put to use after certain dates. However, the Assessing Officer as well as the learned CIT(A) has relied upon Circular No. 609 dated 29.07.1991 and judgement of Hon’ble Bombay High Court in the case