THE INDIA CEMENTS LIMITED,CHENNAI vs. DCIT CORPORATE CIRCLE 2(1) CHENNAI, CHENNAI

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

price(s), the TPO re-computed the profits of the respective undertakings and concluded that both units at Vishnupuram and Kayathar had actually incurred loss and therefore disallowed the entire deduction claimed u/s 80-IA of the Act. It is seen that, the Ld. CIT(A) had upheld the findings of the TPO and confirmed the disallowance of the deduction

SIVANANDHA MILLS LIMITED,COIMBATORE vs. ACIT, COIMBATORE

In the result, ITA No.2106/Mds/13 is partly allowed for statistical purposes