S.C., JOHNSON PVT. LTD.,GURGAON vs. ADDI. CIT SPECIAL RANGE-8, NEW DELHI

depreciation on goodwill under normal provisions of the Act, while computing profits\nunder section 115JB of the Act. The summary of the findings of the Ld. AO while making the addition to the book profits of the assessee and brief comments of the Assessee on factual and legal mistakes committed by the Ld. AO while making such disallowance

INDUS TOWERS LTD.,GURGAON vs. DCIT CIRCLE 12(1), NEW DELHI

In the result, the appeal of the revenue is dismissed

Bench: Shri M. Balaganesh & Shri Vimal Kumarindus Towers Ltd (Formerly Vs. Dcit, Known As Bharti Infratel Ltd), Circle-12(1), 4Th Floor, Dlf Cybercity, New Delhi Building No. 10, Tower A, Dlf Qe, So Gurgaon, Haryana (Appellant) (Respondent) Pan: Aadcv0274F Acit, Vs. Indus Towers Ltd, 4Th Floor, Dlf Cybercity, Central Circle-10, New Delhi Gurgaon, Haryana (Appellant) (Respondent) Pan: Aadcv0274F Indus Towers Ltd (Formerly Vs. Dcit, Known As Bharti Infratel Ltd), Circle-12(1), 4Th Floor, Dlf Cybercity, New Delhi Building No. 10, Tower A, Dlf Qe, So Gurgaon, Haryana (Appellant) (Respondent) Pan: Aadcv0274F Assessee By : Shri Ajay Vohra, Sr. Adv Shri Rohit Jain, Adv Shri Deepesh Jain, Adv Ms. Shaurya Jain, Ca Revenue By: Shri Mukesh Kumar Jain, Cit Dr Date Of Hearing 12/09/2024 Date Of Pronouncement 10/12/2024

depreciation only on written down value of assets being transferred from PSCL to Ponni Sugars (Erode) Ltd. Hon‟ble High Court held that the order sanctioning scheme of arrangement by the company Court pursuant to Section 391

ACIT , CIRCLE 10, NEW DELHI vs. INDUS TOWER LIMITED, GURGAON

In the result, the appeal of the revenue is dismissed

Bench: Shri M. Balaganesh & Shri Vimal Kumarindus Towers Ltd (Formerly Vs. Dcit, Known As Bharti Infratel Ltd), Circle-12(1), 4Th Floor, Dlf Cybercity, New Delhi Building No. 10, Tower A, Dlf Qe, So Gurgaon, Haryana (Appellant) (Respondent) Pan: Aadcv0274F Acit, Vs. Indus Towers Ltd, 4Th Floor, Dlf Cybercity, Central Circle-10, New Delhi Gurgaon, Haryana (Appellant) (Respondent) Pan: Aadcv0274F Indus Towers Ltd (Formerly Vs. Dcit, Known As Bharti Infratel Ltd), Circle-12(1), 4Th Floor, Dlf Cybercity, New Delhi Building No. 10, Tower A, Dlf Qe, So Gurgaon, Haryana (Appellant) (Respondent) Pan: Aadcv0274F Assessee By : Shri Ajay Vohra, Sr. Adv Shri Rohit Jain, Adv Shri Deepesh Jain, Adv Ms. Shaurya Jain, Ca Revenue By: Shri Mukesh Kumar Jain, Cit Dr Date Of Hearing 12/09/2024 Date Of Pronouncement 10/12/2024

depreciation only on written down value of assets being transferred from PSCL to Ponni Sugars (Erode) Ltd. Hon‟ble High Court held that the order sanctioning scheme of arrangement by the company Court pursuant to Section 391

INDUS TOWERS LIMITED (FORMERLY KNOWN AS BHARTI INFRATEL LTD AND AS SUCCESSOR IN INTEREST OF ERSTWHILE INDUS TOWER LTD) ,GURUGRAM, HARYANA vs. DCIT, CIRCLE 12(1), NEW DELHI

In the result, the appeal of the revenue is dismissed

Bench: Shri M. Balaganesh & Shri Vimal Kumarindus Towers Ltd (Formerly Vs. Dcit, Known As Bharti Infratel Ltd), Circle-12(1), 4Th Floor, Dlf Cybercity, New Delhi Building No. 10, Tower A, Dlf Qe, So Gurgaon, Haryana (Appellant) (Respondent) Pan: Aadcv0274F Acit, Vs. Indus Towers Ltd, 4Th Floor, Dlf Cybercity, Central Circle-10, New Delhi Gurgaon, Haryana (Appellant) (Respondent) Pan: Aadcv0274F Indus Towers Ltd (Formerly Vs. Dcit, Known As Bharti Infratel Ltd), Circle-12(1), 4Th Floor, Dlf Cybercity, New Delhi Building No. 10, Tower A, Dlf Qe, So Gurgaon, Haryana (Appellant) (Respondent) Pan: Aadcv0274F Assessee By : Shri Ajay Vohra, Sr. Adv Shri Rohit Jain, Adv Shri Deepesh Jain, Adv Ms. Shaurya Jain, Ca Revenue By: Shri Mukesh Kumar Jain, Cit Dr Date Of Hearing 12/09/2024 Date Of Pronouncement 10/12/2024

depreciation only on written down value of assets being transferred from PSCL to Ponni Sugars (Erode) Ltd. Hon‟ble High Court held that the order sanctioning scheme of arrangement by the company Court pursuant to Section 391

INDUS TOWERS LTD.,GURUGRAM, HARYANA vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE 12(1), NEW DELHI, NEW DELHI

In the result, appeal of the Revenue is dismissed

depreciation only on written down value of\nassets being transferred from PSCL to Ponni Sugars (Erode) Ltd. Hon'ble\nHigh Court held that the order sanctioning scheme of arrangement by the\ncompany Court pursuant to Section 391

COMMISSIONER OF INCOME TAX vs. M/S SALORA INTERNATIONAL LTD.

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE VIBHU BAKHRU

depreciable asset only". The Tribunal referred to the decision of the Supreme Court in CIT v. Mugneeram Bangur & Co. (Land Department): (1965) 57 ITR 299 (SC) and held that Section 50(1) of the ITA 12/2003 Page 11 of 28 Act was inapplicable. The Tribunal also noticed the provisions of Section 50B of the Act - which were introduced

DY. COMMISSIONER OF INCOME TAX CIRCLE 10(1), DELHI, CR BUILDING vs. INDUS TOWERS LIMITED, GURGRAM

In the result, appeal of the Revenue is dismissed

depreciation only on written down value of\nassets being transferred from PSCL to Ponni Sugars (Erode) Ltd. Hon'ble\nHigh Court held that the order sanctioning scheme of arrangement by the\ncompany Court pursuant to Section 391

M/S. ARICENT TECHNOLOGIES (HOLDINGS) LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Sh. N. K. Billaiya & Ms. Suchitra Kambleassessment Year: 2008-09

391 to 394 of the Companies Act, 1956. The said scheme of Merger was also in accordance with the provisions of Section 2(1 B) of the Income-tax Act, 1961 (‘Act’) and the shareholders of FSSL and FSL were issued shares in the assessee (earlier known as KIL), pursuant to the said merger. 27 48. The scheme of arrangement

M/S. ARICENT TECHNOLOGIES (HOLDINGS) LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Sh. N. K. Billaiya & Ms. Suchitra Kambleassessment Year: 2008-09

391 to 394 of the Companies Act, 1956. The said scheme of Merger was also in accordance with the provisions of Section 2(1 B) of the Income-tax Act, 1961 (‘Act’) and the shareholders of FSSL and FSL were issued shares in the assessee (earlier known as KIL), pursuant to the said merger. 27 48. The scheme of arrangement

HEWITT ASSOCIATES (INDIA) PVT. LTD.,GURGAON vs. ACIT, NEW DELHI

In the result, the appeal of the assesee is treated as allowed for statistical purposes

Bench: Shri R.K. Panda & Ms. Astha Chandraasstt. Year : 2007-08

391,931,625 Difference/ adjustment 22,11,60,596 5. The Ld. AO in his final assessment order dated 31.10.2011 enhanced the income of the assessee by making addition of Rs. 41,20,14,305/- proposed by the Ld. TPO. 6. The Hon’ble Dispute Resolution Panel (“DRP”) vide its order dated 20.9.2011 confirmed the transfer pricing adjustment

M/S. KEI INDUSTRIES LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, Ground No.3

Bench: Shri Bhavnesh Saini, J.M. & Shri Anil Chaturvedi, A.M.

section 10B of the Act, which is not permissible. Assessing Officer had only reduced returned loss by Rs.56,28,605/- being the loss of Chopanki Unit eligible for deduction u/s 10B after excluding depreciation on capitalization of exchange fluctuation. Hence, addition of Rs. 56,28.605/- in returned loss is deleted and loss of Chopanki Unit is not to be separately

ACIT, NEW DELHI vs. M/S. K.E.I. INDUSTRIES LTD., NEW DELHI

In the result, Ground No.3

Bench: Shri Bhavnesh Saini, J.M. & Shri Anil Chaturvedi, A.M.

section 10B of the Act, which is not permissible. Assessing Officer had only reduced returned loss by Rs.56,28,605/- being the loss of Chopanki Unit eligible for deduction u/s 10B after excluding depreciation on capitalization of exchange fluctuation. Hence, addition of Rs. 56,28.605/- in returned loss is deleted and loss of Chopanki Unit is not to be separately

VOCATIONAL EDUCATION FOUNDATION ,NEW DELHI vs. ACIT, EXEMPTIONS , GHAZIABAD

In the result, all the four appeals filed by the assessee for assessment year

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

Depreciation of Rs. 6,84,73,391/- without any basis treating it as double deduction in view of section 11(6) of the IT Act, 1961 inserted

VOCATIONAL EDUCATION FOUNDATION,NEW DELHI vs. JCIT, EXEMPTION RANGE, GHAZIABAD

In the result, all the four appeals filed by the assessee for assessment year

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

Depreciation of Rs. 6,84,73,391/- without any basis treating it as double deduction in view of section 11(6) of the IT Act, 1961 inserted

VOCATIONAL EDUCATION FOUNDATION ,NEW DELHI vs. ACIT, EXEMPTIONS , GHAZIABAD

In the result, all the four appeals filed by the assessee for assessment year

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

Depreciation of Rs. 6,84,73,391/- without any basis treating it as double deduction in view of section 11(6) of the IT Act, 1961 inserted

VOCATIONAL EDUCATION FOUNDATION ,NEW DELHI vs. ACIT, EXEMPTIONS , GHAZIABAD

In the result, all the four appeals filed by the assessee for assessment year

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

Depreciation of Rs. 6,84,73,391/- without any basis treating it as double deduction in view of section 11(6) of the IT Act, 1961 inserted

VOCATIONAL EDUCATION FOUNDATION ,NEW DELHI vs. ACIT, EXEMPTIONS , GHAZIABAD

In the result, all the four appeals filed by the assessee for assessment year

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

Depreciation of Rs. 6,84,73,391/- without any basis treating it as double deduction in view of section 11(6) of the IT Act, 1961 inserted

M/S. ABHISAR BUILDWELL PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri N.K. Billaiya & Shri Kuldip Singh

depreciation of Rs.6,40,38,391/- in accordance with the provisions of section 44AB of the Income-tax Act, 1961 (for short

M/S. AT & T GLOBAL NETWORK SERVICES (INDIA) PVT. LTD.,GURGAON vs. DCIT, NEW DELHI

In the result, appeal of the assessee is partly allowed and appeal of the revenue is dismissed

Bench: Shri I.C.Sudhir & Shri Prashant Maharishiat & T Global Network Services Dcit, (India) Pvt Ltd., Circle-2(1), Vs. Vatika Lok-1, Block-A, Gurgaon New Delhi Pan:Aafca8810L (Appellant) (Respondent) Dcit, At & T Global Network Services Circle-2(1), (India) Pvt Ltd., Vs. New Delhi Vatika Lok-1, Block-A, Gurgaon Pan:Aafca8810L (Appellant) (Respondent)

depreciation on the amount of Rs. 77,76,975/- is concerned, the AO is directed to verify if the respective assets have been put to use during the year or not and proceed accordingly. However, if the claim is allowed, the AO shall clearly specify in the assessment order that the benefits so allowed is subject to the final decision