ACIT, CHENNAI vs. M/S. STERLITE INDUSTRIES (INDIA) LTD., TUTICORIN

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

block period. With the above observation the matter is remitted back to the file of the Assessing Officer. 23. The next issue arises for consideration is with regard to addition of ` 4.44 Crores under Section 37 of the Act. 24. Shri M. Swaminathan, Ld. Sr.Standing Counsel for the Revenue, submitted that FCC Bond holders had the option to convert

M/S. STERLITE INDUSTRIES (INDIA) LTD.,MADURAI vs. ADDITIONAL CIT, CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

block period. With the above observation the matter is remitted back to the file of the Assessing Officer. 23. The next issue arises for consideration is with regard to addition of ` 4.44 Crores under Section 37 of the Act. 24. Shri M. Swaminathan, Ld. Sr.Standing Counsel for the Revenue, submitted that FCC Bond holders had the option to convert

ACIT, CHENNAI vs. M/S. STERLITE INDUSTRIES (INDIA) LTD., TUTICORIN

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

block period. With the above observation the matter is remitted back to the file of the Assessing Officer. 23. The next issue arises for consideration is with regard to addition of ` 4.44 Crores under Section 37 of the Act. 24. Shri M. Swaminathan, Ld. Sr.Standing Counsel for the Revenue, submitted that FCC Bond holders had the option to convert

ACIT, CHENNAI vs. M/S STERLITE INDUSTRIES (INDIA) LTD., CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

block period. With the above observation the matter is remitted back to the file of the Assessing Officer. 23. The next issue arises for consideration is with regard to addition of ` 4.44 Crores under Section 37 of the Act. 24. Shri M. Swaminathan, Ld. Sr.Standing Counsel for the Revenue, submitted that FCC Bond holders had the option to convert

R.SRINIVASAN,CHENNAI vs. DCIT CENTRAL CIRCLE 1, COIMBATORE

In the result, appeal filed by assessee is partly allowed

Bench: Shri V.Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.No.1466/Chny/2018 ("नधा"रणवष" / Assessment Year: 1996-97) Mr.R.Srinivasan Vs The Deputy Commissioner Of 103, Ashok Nagar Main Road Income Tax, Kodambakkam, Corporate Circle-I(2) Chennai-600 024. Chennai. Pan : Aaips 8386H (अपीलाथ"/Appellant) (""यथ"/Respondent)

block assessment the same was not warranted again In regular assessment. Subsequently, the appellant wde the submission dated 13.12.2012 has, for the first time, submitted that an assessment in respect of the various suppliers to TNTC has been completed in the status of an Association of Persons (AOP). It is further stated that the deposits into the account of these

V RAMAKRISHNAN,CHENNAI vs. DCIT CENTRAL CIRCLE III(4), CHENNAI

In the result, the appeal for the A

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

block assessment order in the absence of direct evidence / seized material forming part of the search records and accordingly the sustained portion of the salary in the order of the ld.CIT(A) stands deleted as the same cannot be assessed as “undisclosed income”. 35. Accordingly, the related grounds raised by the assessee in IT(SS)A No.162/Mds/2003 stands allowed

V RAMAKRISHNAN,CHENNAI vs. DCIT CENTRAL CIRCLE III(4) , CHENNAI

In the result, the appeal for the A

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

block assessment order in the absence of direct evidence / seized material forming part of the search records and accordingly the sustained portion of the salary in the order of the ld.CIT(A) stands deleted as the same cannot be assessed as “undisclosed income”. 35. Accordingly, the related grounds raised by the assessee in IT(SS)A No.162/Mds/2003 stands allowed

GAMESA RENEWABLE PRIVATE LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, both the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

Block-B, Rajiv Gandhi Chennai. Salai, Sholinganallur, Chennai – 600 119. PAN AACCG6027C (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर /Appellant by : Shri B.Ramakrishnan, FCA & Shri S. Dwarakesh, ACS ""यथ" क" ओर से/Respondent by : Smt. Vijayalakshmi, CIT,D.R सुनवाई क" तार"ख/Date of Hearing : 16.08.2017 घोषणा क" तार"ख/Date of Pronouncement: 13.11.2017 आदेश

GAMESA RENEWABLE PRIVATE LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, both the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

Block-B, Rajiv Gandhi Chennai. Salai, Sholinganallur, Chennai – 600 119. PAN AACCG6027C (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर /Appellant by : Shri B.Ramakrishnan, FCA & Shri S. Dwarakesh, ACS ""यथ" क" ओर से/Respondent by : Smt. Vijayalakshmi, CIT,D.R सुनवाई क" तार"ख/Date of Hearing : 16.08.2017 घोषणा क" तार"ख/Date of Pronouncement: 13.11.2017 आदेश

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Block-1, Beliciaa Towers, Door No.71/1, MRC Nagar Main Road,Raja Annamalaipuram Chennai– 600 028. [PAN:AAACS4460M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ&क'ओरसे/Appellant by : None *+यथ&क'ओरसे/Respondent by : Shri. M. Srinivasa Rao, CIT सुनवाईक'तार"ख/Date of Hearing : 23.10.2019 घोषणाक'तार"ख/Date of Pronouncement : 21.01.2020 ITA Nos.1040/Chny/2014 & 1392, 1393, 1390, 1391, 1973/Chny/2016 ITA Nos.1075/Chny/2014

DCIT, CHENNAI vs. SIVA VENTURES LIMITED, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Block-1, Beliciaa Towers, Door No.71/1, MRC Nagar Main Road,Raja Annamalaipuram Chennai– 600 028. [PAN:AAACS4460M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ&क'ओरसे/Appellant by : None *+यथ&क'ओरसे/Respondent by : Shri. M. Srinivasa Rao, CIT सुनवाईक'तार"ख/Date of Hearing : 23.10.2019 घोषणाक'तार"ख/Date of Pronouncement : 21.01.2020 ITA Nos.1040/Chny/2014 & 1392, 1393, 1390, 1391, 1973/Chny/2016 ITA Nos.1075/Chny/2014

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Block-1, Beliciaa Towers, Door No.71/1, MRC Nagar Main Road,Raja Annamalaipuram Chennai– 600 028. [PAN:AAACS4460M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ&क'ओरसे/Appellant by : None *+यथ&क'ओरसे/Respondent by : Shri. M. Srinivasa Rao, CIT सुनवाईक'तार"ख/Date of Hearing : 23.10.2019 घोषणाक'तार"ख/Date of Pronouncement : 21.01.2020 ITA Nos.1040/Chny/2014 & 1392, 1393, 1390, 1391, 1973/Chny/2016 ITA Nos.1075/Chny/2014

SIVA INDUSTRIES AND HOLDINGS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Block-1, Beliciaa Towers, Door No.71/1, MRC Nagar Main Road,Raja Annamalaipuram Chennai– 600 028. [PAN:AAACS4460M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ&क'ओरसे/Appellant by : None *+यथ&क'ओरसे/Respondent by : Shri. M. Srinivasa Rao, CIT सुनवाईक'तार"ख/Date of Hearing : 23.10.2019 घोषणाक'तार"ख/Date of Pronouncement : 21.01.2020 ITA Nos.1040/Chny/2014 & 1392, 1393, 1390, 1391, 1973/Chny/2016 ITA Nos.1075/Chny/2014

SIEMENS GAMESA RENEWABLE POWER PRIVATE LIMITED,CHENNAI vs. DCIT, CORPORATE CIRCLE 2(1), CHENNAI

The appeal stand partly allowed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपीलसं./Ita No.71/Chny/2018 (िनधा<रणवष< / Assessment Year: 2013-14) & आयकरअपीलसं./It(Tp)A No.88/Chny/2018 (िनधा<रणवष< / Assessment Year: 2014-15) M/S. Siemens Gamesa Renewable Power Dcit Private Limited Corporate Circle-2(1) (Formerly Known As Gamesa Renewable Chennai. बनाम/ Pvt.Ltd. Before That Known As Gamesa Wind Vs. Turbine Pvt.Ltd.) 334, Futura Tech Park, 8Th Floor, Block B Sholinganallur, Chennai-600 119. "थायीलेखासं./जीआइआरसं./Pan/Gir No.Aaccg-6027-C (अपीलाथ"/Appellant) : ( !थ" / Respondent) अपीलाथ" की ओर से/ Appellant By : Shri B. Ramakrishnan (Fca) & Shri Shrenik Chordia (Ca) – Ld.Ar !थ" की ओर से/Respondent By : Shri Sasi Kumar (Cit) – Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 12-07-2023 घोषणाकीतारीख/Date Of Pronouncement : 08-09-2023 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeals By Assessee For Assessment Years (Ay) 2013- 14 & 2014-15 Have Identical Facts & Issues. The Appeal For Ay 2013- 14 Arises Out Of Final Assessment Order Dated 30-10-2017 Passed By Ld.

Block B Sholinganallur, Chennai-600 119. "थायीलेखासं./जीआइआरसं./PAN/GIR No.AACCG-6027-C (अपीलाथ"/Appellant) : ( !थ" / Respondent) अपीलाथ" की ओर से/ Appellant by : Shri B. Ramakrishnan (FCA) & Shri Shrenik Chordia (CA) – Ld.AR !थ" की ओर से/Respondent by : Shri Sasi Kumar (CIT) – Ld. DR सुनवाईकीतारीख/Date of Hearing : 12-07-2023 घोषणाकीतारीख/Date of Pronouncement : 08-09-2023 आदेश

HARLAND CLARKE HOLDING SOFTWARE INDIA PRIVATE LIMITED,CHENNAI vs. DCIT COMPANY CIRCLE 2(2), CHENN

In the result, the appeal of the assessee is partly allowed

Bench: Shri George Mathan & Shri S.Jayaraman

Block, No.177,Anna Salai, Chennai.34 Chennai. 600 002. [PAN AAHCS 4742 D ] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant by : Mr.V.Vikram Vijayaraghavan Advocate ""यथ" क" ओर से /Respondent by : Mr.Srinivasa Rao Vara,CIT,D.R सुनवाई क" तार"ख/Date of Hearing : 30 -10-2018 घोषणा क" तार"ख /Date of Pronouncement : 30-10-2018 आदेश

MOSBACHER INDIA LLC,CHENNAI vs. ADDL. DIT, CHENNAI

In the result, the appeal is partly allowed in the terms indicated above

blocks in AY 2006-07 and AY 2007-08 were accepted to be taxed as capital gains in the relevant assessment orders passed under section 143(3) of the Act. 10. The Ld CIT(A) has erred in stating that the income earned by the Appellant during the AY 2010-11 cannot be taxed as capital gains

IGARASHI MOTORS INDIA LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No. 878/Mds/2014 "नधा"रण वष" / Assessment Year : 2009-10 M/S Igarashi Motors India Ltd., The Deputy Commissioner Of Plot No.B-12 To B-15, V. Income Tax, Phase Ii, Mepz Sez, Company Circle Ii(3), Tambaram, Chennai - 600 045. Chennai - 600 034. Pan : Aaacc 1305 R (अपीलाथ"/Appellant) (""यथ"/Respondent)

Assessing Officer consequent to the direction of the DRP has to be ignored. 10 I.T.A. No.878/Mds/14 12. On the contrary, Shri Arun C. Bharath, the Ld. Departmental Representative, submitted that the assessee claims that the three comparables selected by it are making similar functions as that of the assessee. According to the Ld. D.R., the functions of the three comparables

ASSISTANT COMMISSIONER OF INCOME TAX LTU CIRCLE 1 CHENNAI, CHENNAI vs. CARBORUNDUM UNIVERSAL LIMITED, CHENNAI

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon’Ble Amitabh Shuklaआयकर अपील सं./ It(Tp)A Nos.2, 3 & 4/Chny/2025 िनधा@रण वष@ /Assessment Years: 2012-13, 2013-14 & 2017-18

transfer pricing adjustment in respect of guarantee given for AE to at 0.5% of the amount guaranteed. 2. The next issue is regarding disallowance under Section 14A. For this Assessment Year, the amended provisions of Rule 8D, with effect from 2nd June 2016 will be applicable and the disallowance should be restricted to 1% of the average investment which