NUZIVEEDU SWATHI COASTAL CONSORTIUM,HYDERABAD vs. ACIT., CIRCLE-6(1), HYDERABAD

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

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

section 17 defines conveyor belt as a plant and machinery. The Ld. DR further submitted that, since the assessee was carried out the tunnel work for more than 15 years and installed the railway track, conveyor belt and ventilation ducking which gives enduring benefit to the assessee, the Assessing Officer has rightly treated the expenditure incurred for the above purpose

NUZIVEEDU SWATHI COASTAL CONSORTIUM,HYDERABAD vs. ACIT., CIRCLE-6(1), HYDERABAD

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

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

section 17 defines conveyor belt as a plant and machinery. The Ld. DR further submitted that, since the assessee was carried out the tunnel work for more than 15 years and installed the railway track, conveyor belt and ventilation ducking which gives enduring benefit to the assessee, the Assessing Officer has rightly treated the expenditure incurred for the above purpose

NUZIVEEDU SWATHI COASTAL CONSORTIUM,HYDERABAD vs. ACIT., CIRCLE-6(1), HYDERABAD

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

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

section 17 defines conveyor belt as a plant and machinery. The Ld. DR further submitted that, since the assessee was carried out the tunnel work for more than 15 years and installed the railway track, conveyor belt and ventilation ducking which gives enduring benefit to the assessee, the Assessing Officer has rightly treated the expenditure incurred for the above purpose

OPEN TEXT TECHNOLOGIES INDIA PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD

Section 212 of the Companies Act, 1956 for the\nsummary financial performance of our subsidiaries. The audited financial statements\nand related information of subsidiaries will be available on our\nwebsite,www.infosys.com.\nExtraction from page 349 of PB-II\n2.10.1 Investment in Lodestone Holding AG\nOn October 22, 2012, Infosys acquired 100% of the outstanding share capital of\nLodestone Holding