COMMISSIONER OF INCOME TAX vs. M/S HLS INDIA LTD.

The appeals are dismissed

Bench: Coming To These Legal Issues It Would Be Pertinent, In The Light Of Facts & Circumstances Of These Cases, First Of All To Succinctly Narrate The Genesis Of Instant Prolonged Tax Dispute Between The Revenue & The Assessee.

Depreciation @ 100% under Rule 5, appendix I, Part 1, III (ix) of the Income Tax Rules, 1962. [For all the assessment years which we are concerned with] 4. As for as claim of ―investment allowance‖ under section 32A

COMMISSIONER OF INCOME TAX vs. M/S HLS INDIA LTD.

The appeals are dismissed

Bench: Coming To These Legal Issues It Would Be Pertinent, In The Light Of Facts & Circumstances Of These Cases, First Of All To Succinctly Narrate The Genesis Of Instant Prolonged Tax Dispute Between The Revenue & The Assessee.

Depreciation @ 100% under Rule 5, appendix I, Part 1, III (ix) of the Income Tax Rules, 1962. [For all the assessment years which we are concerned with] 4. As for as claim of ―investment allowance‖ under section 32A

TITANOR COMPONENTS LTD.) vs. CIT AND ANOTHER

The appeals are dismissed

depreciation allowance); Section 32A(investment allowance), Section 33(development rebate allowance), and Section 41 (balancing charge). 13."Actual cost" of an asset

M/S TITANOR COMPONENTS LTD vs. CIT & ANR

The appeals are dismissed

depreciation allowance); Section 32A(investment allowance), Section 33(development rebate allowance), and Section 41 (balancing charge). 13."Actual cost" of an asset

CIT vs. TEI TECHNOLOGIES PVT LTD

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

depreciation under section 32, investment allowance under section 32A, development rebate under ITA Nos.347/2011 & 2067/2010 Page 8 of 32 section

CIT vs. TEI TECHNOLOGIES PVT LTD

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

depreciation under section 32, investment allowance under section 32A, development rebate under ITA Nos.347/2011 & 2067/2010 Page 8 of 32 section

CAIRN ENERGY HYDROCARBONS LTD.,GURGAON vs. DDIT, NEW DELHI

In the result, the appeals of the assessee are partly allowed and the appeals of the revenue are dismissed

Bench: Sh. Saktijit Deydr. B. R. R. Kumarita No. 6357/Del/2013: Asstt. Year : 2010-11 Dcit, Vs Cairn Energy Hydrocarbon Ltd., C/O. Cairn India Ltd., 3Rd & 4Th Circle-3(2), International Taxation, Floor, Vipul Plaza, Suncity, Sector- New Delhi 54, Gurgaon (Appellant) (Respondent) Pan No. Aaccc3279J

depreciation in this case even without its claim by the assessee. The appeal of the assessee on this ground is dismissed. ITA No. 6357/Del/2013: A.Y. 2010-11 (Revenue Appeal) ITA No. 5988/Del/2018: A.Y. 2013-14 (Revenue Appeal) ITA No. 5989/Del/2018: A.Y. 2014-15 (Revenue Appeal) Ground No.1 Exploration & Development Expenditure u/s 40(i)(ia): 36. For the year under consideration

CAIRN ENERGY HYDROCARBON LTD. ,GURGAON vs. DCIT, INTL. TAXATION, CIRCLE, GURGAON

In the result, the appeals of the assessee are partly allowed and the appeals of the revenue are dismissed

Bench: Sh. Saktijit Deydr. B. R. R. Kumarita No. 6357/Del/2013: Asstt. Year : 2010-11 Dcit, Vs Cairn Energy Hydrocarbon Ltd., C/O. Cairn India Ltd., 3Rd & 4Th Circle-3(2), International Taxation, Floor, Vipul Plaza, Suncity, Sector- New Delhi 54, Gurgaon (Appellant) (Respondent) Pan No. Aaccc3279J

depreciation in this case even without its claim by the assessee. The appeal of the assessee on this ground is dismissed. ITA No. 6357/Del/2013: A.Y. 2010-11 (Revenue Appeal) ITA No. 5988/Del/2018: A.Y. 2013-14 (Revenue Appeal) ITA No. 5989/Del/2018: A.Y. 2014-15 (Revenue Appeal) Ground No.1 Exploration & Development Expenditure u/s 40(i)(ia): 36. For the year under consideration

DDIT, NEW DELHI vs. M/S. CAIRN ENERGY HYDROCARBONS LTD., GURGAON

In the result, the appeals of the assessee are partly allowed and the appeals of the revenue are dismissed

Bench: Sh. Saktijit Deydr. B. R. R. Kumarita No. 6357/Del/2013: Asstt. Year : 2010-11 Dcit, Vs Cairn Energy Hydrocarbon Ltd., C/O. Cairn India Ltd., 3Rd & 4Th Circle-3(2), International Taxation, Floor, Vipul Plaza, Suncity, Sector- New Delhi 54, Gurgaon (Appellant) (Respondent) Pan No. Aaccc3279J

depreciation in this case even without its claim by the assessee. The appeal of the assessee on this ground is dismissed. ITA No. 6357/Del/2013: A.Y. 2010-11 (Revenue Appeal) ITA No. 5988/Del/2018: A.Y. 2013-14 (Revenue Appeal) ITA No. 5989/Del/2018: A.Y. 2014-15 (Revenue Appeal) Ground No.1 Exploration & Development Expenditure u/s 40(i)(ia): 36. For the year under consideration

DCIT, INTL. TAXATION, CIRCLE, GURGAON vs. CAIRN ENERGY HYDROCARBON LTD. , GURGAON

In the result, the appeals of the assessee are partly allowed and the appeals of the revenue are dismissed

Bench: Sh. Saktijit Deydr. B. R. R. Kumarita No. 6357/Del/2013: Asstt. Year : 2010-11 Dcit, Vs Cairn Energy Hydrocarbon Ltd., C/O. Cairn India Ltd., 3Rd & 4Th Circle-3(2), International Taxation, Floor, Vipul Plaza, Suncity, Sector- New Delhi 54, Gurgaon (Appellant) (Respondent) Pan No. Aaccc3279J

depreciation in this case even without its claim by the assessee. The appeal of the assessee on this ground is dismissed. ITA No. 6357/Del/2013: A.Y. 2010-11 (Revenue Appeal) ITA No. 5988/Del/2018: A.Y. 2013-14 (Revenue Appeal) ITA No. 5989/Del/2018: A.Y. 2014-15 (Revenue Appeal) Ground No.1 Exploration & Development Expenditure u/s 40(i)(ia): 36. For the year under consideration

DCIT, INTL. TAXATION, CIRCLE, GURGAON vs. CAIRN ENERGY HYDROCARBON LTD. , GURGAON

In the result, the appeals of the assessee are partly allowed and the appeals of the revenue are dismissed

Bench: Sh. Saktijit Deydr. B. R. R. Kumarita No. 6357/Del/2013: Asstt. Year : 2010-11 Dcit, Vs Cairn Energy Hydrocarbon Ltd., C/O. Cairn India Ltd., 3Rd & 4Th Circle-3(2), International Taxation, Floor, Vipul Plaza, Suncity, Sector- New Delhi 54, Gurgaon (Appellant) (Respondent) Pan No. Aaccc3279J

depreciation in this case even without its claim by the assessee. The appeal of the assessee on this ground is dismissed. ITA No. 6357/Del/2013: A.Y. 2010-11 (Revenue Appeal) ITA No. 5988/Del/2018: A.Y. 2013-14 (Revenue Appeal) ITA No. 5989/Del/2018: A.Y. 2014-15 (Revenue Appeal) Ground No.1 Exploration & Development Expenditure u/s 40(i)(ia): 36. For the year under consideration

CAIRN ENERGY HYDROCARBON LTD. ,GURGAON vs. DCIT, INTL. TAXATION, CIRCLE, GURGAON

In the result, the appeals of the assessee are partly allowed and the appeals of the revenue are dismissed

Bench: Sh. Saktijit Deydr. B. R. R. Kumarita No. 6357/Del/2013: Asstt. Year : 2010-11 Dcit, Vs Cairn Energy Hydrocarbon Ltd., C/O. Cairn India Ltd., 3Rd & 4Th Circle-3(2), International Taxation, Floor, Vipul Plaza, Suncity, Sector- New Delhi 54, Gurgaon (Appellant) (Respondent) Pan No. Aaccc3279J

depreciation in this case even without its claim by the assessee. The appeal of the assessee on this ground is dismissed. ITA No. 6357/Del/2013: A.Y. 2010-11 (Revenue Appeal) ITA No. 5988/Del/2018: A.Y. 2013-14 (Revenue Appeal) ITA No. 5989/Del/2018: A.Y. 2014-15 (Revenue Appeal) Ground No.1 Exploration & Development Expenditure u/s 40(i)(ia): 36. For the year under consideration

ACIT, NEW DELHI vs. M/S. JAGAN AUTOMOTIVE PVT. LTD., NEW DELHI

In the result, the appeal of revenue is dismissed and the Cross

Bench: Sh. Bhavnesh Sainidr. B. R. R. Kumarita No. 5382/Del./2011 : Asstt. Year : 2008-09 Acit, Vs M/S Jagan Automotive Pvt. Ltd., Circle 4(1) No. 14, Dda Transport Centre, New Delhi. Punjabi Bagh, New Delhi-110026 (Appellant) (Respondent) Pan No. Aabcj7818F & C.O. No.220/Del/2012 (In Ita No. 5382/Del./2011 : Asstt. Year : 2008-09) M/S Jagan Automotive Pvt. Ltd., Acit, No.14, Dda Transport Centre, Vs Circle-4(1), Punjabi Bagh, New Delhi New Delhi Pan : Aabcj7818F (Appellant) (Respondent) Assessee By : Sh. C. S. Aggarwal, Sr. Adv. Revenue By : Sh. Deepak Garg, Sr. Dr Date Of Hearing: 15.10.2019 Date Of Pronouncement: 19.12.2019

32A, clause (ii) of sub-section (2) of section 33, sub-section (4) of section 35 or the second proviso to clause (ix) of sub-section (1) of section 36, as the case may be, shall not apply in relation to any such allowance or deduction; (ii) no loss referred to in sub-section (1) of section

THOMSON PRESS (INDIA) LTD vs. COMMISSIONER OF INCOME TAX-II

32A, clause (ii) of sub- section (2) of section 33, sub-section (4) of section 35 or the second proviso to clause (ix) of sub-section (1) of section 36, as the case may be, shall not apply in relation to any such allowance or deduc-tion; (ii) no loss referred to in sub-section (1) of section

M/S THOMSON PRESS (INDIA) LTD. vs. COMMISSIONER OF INCOME TAX- II

32A, clause (ii) of sub- section (2) of section 33, sub-section (4) of section 35 or the second proviso to clause (ix) of sub-section (1) of section 36, as the case may be, shall not apply in relation to any such allowance or deduc-tion; (ii) no loss referred to in sub-section (1) of section

THOMSON PRESS (INDIA) LTD vs. COMMISSIONER OF INCOME TAX-II

32A, clause (ii) of sub- section (2) of section 33, sub-section (4) of section 35 or the second proviso to clause (ix) of sub-section (1) of section 36, as the case may be, shall not apply in relation to any such allowance or deduc-tion; (ii) no loss referred to in sub-section (1) of section

THOMSON PRESS (INDIA) LTD. vs. COMMISSIONER OF INCOME TAX-II

32A, clause (ii) of sub- section (2) of section 33, sub-section (4) of section 35 or the second proviso to clause (ix) of sub-section (1) of section 36, as the case may be, shall not apply in relation to any such allowance or deduc-tion; (ii) no loss referred to in sub-section (1) of section

THOMSON PRESS (INDIA) LTD. vs. COMMISSIONER OF INCOME TAX-II

32A, clause (ii) of sub- section (2) of section 33, sub-section (4) of section 35 or the second proviso to clause (ix) of sub-section (1) of section 36, as the case may be, shall not apply in relation to any such allowance or deduc-tion; (ii) no loss referred to in sub-section (1) of section