MUTHOOT FINCORP LIMITED,THIRUVANANTHAPURAM vs. JCIT, SPECIAL RANGE, THIRUVANANTHAPURAM

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm

TDS only on a sum of Rs. 1,32,42,920/- and on the balance amount no tax was deducted at source treating it as mere reimbursement of expenditure to MPCMS. The said payee, i.e. MPCMS also raised different bills. The AO was of the opinion that the money paid towards management consultancy charges under composite contract and the contract

MUTHOOT FINCORP LIMITED,TRIVANDRUM vs. ITO,CIRCLE CENTRAL, TRIVANDRUM

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm

TDS only on a sum of Rs. 1,32,42,920/- and on the balance amount no tax was deducted at source treating it as mere reimbursement of expenditure to MPCMS. The said payee, i.e. MPCMS also raised different bills. The AO was of the opinion that the money paid towards management consultancy charges under composite contract and the contract

MUTHOOT FINCORP LIMITED,THIRUVANANTHAPURAM vs. JCIT, SPECIAL RANGE, THIRUVANANTHAPURAM

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm

TDS only on a sum of Rs. 1,32,42,920/- and on the balance amount no tax was deducted at source treating it as mere reimbursement of expenditure to MPCMS. The said payee, i.e. MPCMS also raised different bills. The AO was of the opinion that the money paid towards management consultancy charges under composite contract and the contract

M/S INDITRADE CAPITAL LTD (PREVIOUSLY KNOWN AS ,KOCHI vs. THE ITO, CORPORATE WARD1(1),, KOCHI

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

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

section 32(1)(ii) of the Act. Accordingly, the appellant made a claim for allowance of depreciation at the rate of 25% of the sum paid, placing reliance on the following decisions :- (i) Pentasoft Technologies Ltd. v. DDCIT, Tax case (Appeals) No.1195 by Hon’ble Madras High Court. (ii) Ind Global Corporate Fiannce (P) Ltd. v. ITO (2013) 33 taxmann.com

M/S INDITRADE CAPITAL LTD (PREVIOUSLY KNOWN AS "JRG SECURITIES LTD"),KOCHI vs. THE ITO, CORPORATE WARD1(1),, KOCHI

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

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

section 32(1)(ii) of the Act. Accordingly, the appellant made a claim for allowance of depreciation at the rate of 25% of the sum paid, placing reliance on the following decisions :- (i) Pentasoft Technologies Ltd. v. DDCIT, Tax case (Appeals) No.1195 by Hon’ble Madras High Court. (ii) Ind Global Corporate Fiannce (P) Ltd. v. ITO (2013) 33 taxmann.com

M/S INDITRADE CAPITAL LTD (PREVIOUSLY KNOWN AS ,KOCHI vs. THE ITO, CORPORATE WARD1(1),, KOCHI

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

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

section 32(1)(ii) of the Act. Accordingly, the appellant made a claim for allowance of depreciation at the rate of 25% of the sum paid, placing reliance on the following decisions :- (i) Pentasoft Technologies Ltd. v. DDCIT, Tax case (Appeals) No.1195 by Hon’ble Madras High Court. (ii) Ind Global Corporate Fiannce (P) Ltd. v. ITO (2013) 33 taxmann.com

M/S INDITRADE CAPITAL LTD (PREVIOUSLY KNOWN AS ,KOCHI vs. THE ITO, CORPORATE WARD1(1),, KOCHI

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

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

section 32(1)(ii) of the Act. Accordingly, the appellant made a claim for allowance of depreciation at the rate of 25% of the sum paid, placing reliance on the following decisions :- (i) Pentasoft Technologies Ltd. v. DDCIT, Tax case (Appeals) No.1195 by Hon’ble Madras High Court. (ii) Ind Global Corporate Fiannce (P) Ltd. v. ITO (2013) 33 taxmann.com

M/S INDITRADE CAPITAL LTD (PREVIOUSLY KNOWN AS ,KOCHI vs. THE ITO, CORPORATE WARD1(1),, KOCHI

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

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

section 32(1)(ii) of the Act. Accordingly, the appellant made a claim for allowance of depreciation at the rate of 25% of the sum paid, placing reliance on the following decisions :- (i) Pentasoft Technologies Ltd. v. DDCIT, Tax case (Appeals) No.1195 by Hon’ble Madras High Court. (ii) Ind Global Corporate Fiannce (P) Ltd. v. ITO (2013) 33 taxmann.com

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein

M/S NOORUL ISLAM TRUST,THODUPUZHA vs. ACIT (TDS), KOCHI, KOCHI

Bench: Shri Satbeer Singh Godaraand Shri Manoj Kumar Aggarwal

TDS, Kochi Thodupuzh Idukki 685605 PAN –AAATN9216B Appellant Respondent Appellant by: Smt. Krishna K., Adv. Respondent by: Smt. J.M. Jamuna Devi, Sr. D.R. Date of Hearing: 11.11.2022 Date of Pronouncement: 13.12.2022 O R D E R Per: S.S. Godara, J.M. The instant batch of above twenty twostay applications and twenty four main appeals pertains to a single assessee herein