THE PRINCIPAL COMMISSIONER OF INCOME TAX, vs. GRACY BABU,

Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.

220,118.57 Square Meter). It was submitted that even considering a conservative per square feet rate of of Rs.1400 per Square Feet, the total cost comes to Rs.33.18 Crores. The Ld. AR submitted that as per the Audited balance sheet of AY 2018-19, the gross building value (without depreciation) was Rs.24,38,23,931.53 and this amount was inclusive

THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. JOSE THOMAS

Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.

220,118.57 Square Meter). It was submitted that even considering a conservative per square feet rate of of Rs.1400 per Square Feet, the total cost comes to Rs.33.18 Crores. The Ld. AR submitted that as per the Audited balance sheet of AY 2018-19, the gross building value (without depreciation) was Rs.24,38,23,931.53 and this amount was inclusive

THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. JOSE THOMAS,

Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.

220,118.57 Square Meter). It was submitted that even considering a conservative per square feet rate of of Rs.1400 per Square Feet, the total cost comes to Rs.33.18 Crores. The Ld. AR submitted that as per the Audited balance sheet of AY 2018-19, the gross building value (without depreciation) was Rs.24,38,23,931.53 and this amount was inclusive

THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S. APOLLO TYRES LTD

Appeal is allowed in part as indicated

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE VIJU ABRAHAM

2 Claim of preoperative expenditure disallowed in the assessment made u/s. 143(3) r.w.s. 144C dt. 18/02/2015 was directed to be deleted : 4,70,07,847 3 Disallowance of claim of additional weighted deduction u/s.35(2AB) restricted to : 94,98,220 4 Disallowance of claim of loss on sale of investment in shares as deduction

THE COMMISSIONER OF INCOME TAX vs. PREMIER TYRES LTD.

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

Section 32(2) of the Income Tax Act as it stood at the relevant time, the Tribunal is right in law in allowing the carry forward and set off of the unabsorbed depreciation and is not the same against law and the intendment of the legislature? 5. The issue relates to the entitlement of assessee to claim

THE COMMISSIONER OF INCOME TAX,COCHIN. vs. M/S.PREMIER TYRES LTD., KALAMASSERRY

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

Section 32(2) of the Income Tax Act as it stood at the relevant time, the Tribunal is right in law in allowing the carry forward and set off of the unabsorbed depreciation and is not the same against law and the intendment of the legislature? 5. The issue relates to the entitlement of assessee to claim