Pr. Commissioner of Income Tax-2, vs. M/s Trinity Advanced Software Labs Private Limited,

In the result, we do not find any merit in the appeal

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

2. This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’, for short) has been filed by the revenue. The subject matter of the appeal pertains to the Assessment Year 2006-07. The appeal was admitted by a Bench of this Court on the following substantial questions of law: "a) Whether

The Commissioner of Income Tax-IV, Hyderabad. vs. Prithvi Information Solutions P Ltd.,

2 of 3 accordingly directed the AO to make the assessment de novo other than the issue of disallowance of expenditure of Rs.1344,63,25,000/- under Section 40(a)(ia) of the Act. According to the CIT, the aforementioned sum claimed as expenditure towards import value of machinery, spares and raw materials and charged to the P&L account

The Commissioner of Income Tax IV vs. M/s. Nav Bharat Enterprises Limited

2) Whether on the facts and circumstances of the case, the tribunal is right in law in allowing the assessee's claim 3 of depreciation of Rs.17.06,58,039/- on software imported even though the assessing authority had rightly disallowed the expenditure under section 40(a)(i) of IT Act as the assessee had failed to comply with the provisions

The Commissioner of Income Tax-III vs. M/s. Surya Laxmi Cotton Mills Ltd.,

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

disallowing p same was exa 2004 and to and were dele assessment y albeit on acco 2013 again h deduction vid 5. H issue for asse this Court ha assessee as no 6. I view and the of law are ac the expenditu is upheld and 7. N 8. A 16.07.2024. rajesh 1. Whe 2