DCIT, Coimbatore V. Ambika Cotton Mills Ltd., Coimbatore

ITA 1958/CHNY/2015

• Counselvise Citation: [2015] 140 COUNSELVISE.COM (IT) 96490 (ITAT-CHENNAI)
• Duration Of Justice: 3 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-12-2015
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 08-12-2015
• Assessment Year: 2012-2013
• Appeal Filed On: 10-09-2015
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: A V SREEKANTH IRS
• Assessee Lawyers: R SIDHARTH

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, CHENNAI , . ! , '!# BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI G. PAVAN KUMAR, JUDICIAL MEMBER ./ I.T.A.NO. 1958/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2012-13 THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE -2, COIMBATORE VS. M/S. AMBIKA COTTON MILS LTD, 9A, VALLUVAR STREET, SIVANANDA COLONY, COIMBATORE 641 012. [ PANAABCA 8958E] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : SHRI. R. SIDHARTH, ADVOCATE. ./ I.T.A.NO.1959/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2012-13 THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE -2, COIMBATORE VS. M/S. VEDANAYAGAM HOSPITAL P. LTD, NEW NO.52, EAST BASHYAKARALU ROAD, R.S. PURAM, COIMBATORE 641 002. [PAN AAACV 9940R] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : G. BASKAR, ADVOCATE ITA NOS.1958, 1959, 1960, 1961, 1964, 1965, 1966, 1967, 1968, 1971, 1972/MDS/2015 :- 2 -: ./ I.T.A.NO. 1960/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2012-13 THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE -2, COIMBATORE. VS. M/S. SHIVA CARGO MOVERS LTD, 1212, TRICHY ROAD, COIMBATORE 641 018. [PAN AADCS 8158B] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : SHRI. SAROJ KUMAR PARIDA, ADVOCATE ./ I.T.A.NO.1961/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2012-13 THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE -2, COIMBATORE VS. SHRI. P.V. CHANDRAN, 9-A VALLUVAR STREET, SIVANANDHA COLONY, COIMBATORE 641 012. [PAN ACOPC 4846Q] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : SHRI. R. SIDHARTH, ADVOCATE. ./ I.T.A.NO. 1964/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2012-13 THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -1, TIRUPUR. VS. M/S. MEHTA EXPORT CORPORATION, 69, ANGERIPALAYAM ROAD, TIRUPUR 641 603. [PAN AAEFM 2721N] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : SHRI. VIJAYAKUMAR, C.A. ITA NOS.1958, 1959, 1960, 1961, 1964, 1965, 1966, 1967, 1968, 1971, 1972/MDS/2015 :- 3 -: ./ I.T.A.NO. 1965/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2011-12 THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -1, TIRUPUR. VS. M/S. INDIA DYEING MILLS P. LTD 10, 12, 2 ND STREET, KUMAR NAGAR SOUTH, TIRUPUR 641 603 [PAN AAACI 4602B] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : SHRI. VIJAYAKUMAR, C.A. ./ I.T.A. NO. 1966/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2011-12 THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -1, TIRUPUR. VS. M/S. EASTMAN SHIPPING MILLS P. LTD, 10, 12, 2 ND STREET, KUMAR NAGAR SOUTH, TIRUPUR 641 603 [PAN AAACE 4595R] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : SHRI. N. VIJAYAKUMAR, C.A. ./ I.T.A.NO. 1967/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2011-12 THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -1, TIRUPUR. VS. M/S. KESARINANDAN KNITS FABRICS P. LTD, 174/175, LINGAI GOUNDER STREET, TIRUPUR 641 602. [PAN AAACK 8625Q] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : SHRI. N. VIJAYAKUMAR, C.A. ITA NOS.1958, 1959, 1960, 1961, 1964, 1965, 1966, 1967, 1968, 1971, 1972/MDS/2015 :- 4 -: ./ I.T.A.NO.1968/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2011-12 THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -2, TIRUPUR. VS. M/S. SULOCHANA COTTON SPINNING MILLS PVT. LTD, NO.424 & 426, KAMARAJ ROAD, TIRUPUR 641 604. [PAN AADCS 8189G] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : SHRI. N. VIJAYAKUMAR, C.A. ./ I.T.A.NO. 1971/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2011-12 THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -2, TIRUPUR. VS. M/S. SVA SYNTEX PVT. LTD, NO.54/2, JOTHI NAGAR, VENKATESA MILL POST, UDUMALPET, TIRUPUR 642 128. [PAN AADCS 0639R] &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : NONE ./ I.T.A.NO.1972/MDS/2015 ' $ %$ / ASSESSMENT YEAR : 2011-12 THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -1, TIRUPUR. VS. M/S. COTTON BLOSSOM (I) PVT. LTD, NO.189, TEKIC TEA NAGAR, SIDCO, MUDALIPALAYAM, TIRUPUR 641 606. [ PAN AACCC 5046R] ( / APPELLANT) ( /RESPONDENT) &' ( ) / APPELLANT BY : SHRI. A.V.SREEKANTH, IRS, JCIT. *+&' ( ) /RESPONDENT BY : SHRI. N. VIJAYAKUMAR, C.A. ITA NOS.1958, 1959, 1960, 1961, 1964, 1965, 1966, 1967, 1968, 1971, 1972/MDS/2015 :- 5 -: ( , / DATE OF HEARING : 08-12-2015 -.% ( , / DATE OF PRONOUNCEMENT : 08-12-2015 / O R D E R PER BENCH : ALL THESE APPEALS ARE FILED BY REVE NUE ARE DIRECTED AGAINST THE DIFFERENT ORDERS OF THE COMMISSIONER OF INCOME TAX (APPEALS)-1, COIMBATORE FOR THE ABOVE ASSESSMENT YE ARS. SINCE THE ISSUE IN THESE APPEALS ARE COMMON IN NATURE, THESE APPEAL S ARE CLUBBED, HEARD TOGETHER, AND DISPOSED OF BY THIS CO MMON ORDER FOR THE SAKE OF CONVENIENCE. AS FAR AS ITA NO.1971/MDS/2015 IN THE CASE OF M/S. SVA SYNTEX PVT. LTD IS CONCERNED, NONE APPEARE D ON BEHALF OF THE ASSESSEE, THUS WE DISPOSE THE CASE ON MERITS AFTER HEARING THE DEPARTMENTAL REPRESENTATIVE . 2. WE HAVE HEARD BOTH THE SIDES AND PERUSED THE MATERI AL ON RECORD. THE ONLY ISSUE ARISES FOR CONSIDERATION IS WITH REGARD TO DEDUCTION CLAIMED BY THE ASSESSEE UNDER SECTION 80- IA OF THE INCOME TAX ACT, 1961 (IN SHORT THE ACT) IN RESPECT OF WINDMILLS. THE ASSESSING OFFICER REJECTED THE CLAIM OF THE ASSESSE ES ON THE GROUND THAT THE DEPARTMENT HAS FILED A SPECIAL LEAVE PETIT ION AGAINST THE JUDGMENT OF MADRAS HIGH COURT IN VELAYUDHASWAMY SPI NNING MILLS (P) ITA NOS.1958, 1959, 1960, 1961, 1964, 1965, 1966, 1967, 1968, 1971, 1972/MDS/2015 :- 6 -: LTD VS. ACIT 231 CTR 368. HOWEVER, THE COMMISSION ER OF INCOME TAX (APPEALS) BY FOLLOWING THE JUDGMENT OF MADRAS H IGH COURT ALLOWED THE CLAIM OF THE ASSESSEES. 3. NOW THE ONLY CONTENTION OF THE DEPARTMENT BEFORE TH IS TRIBUNAL IS THAT THE REVENUE HAS NOT ACCEPTED THE J UDGMENT OF MADRAS HIGH COURT AND AN APPEAL HAS ALREADY BEEN FILED ALO NG WITH SPECIAL LEAVE PETITION AND THE SAME IS PENDING BEFORE THE A PEX COURT. THIS TRIBUNAL IS OF THE CONSIDERED OPINION THAT MERE PEN DENCY OF SPECIAL LEAVE PETITION BEFORE THE APEX COURT CANNOT BE A RE ASON TO TAKE A DIFFERENT VIEW. THE JUDGMENT OF MADRAS HIGH COURT IS BINDING ON ALL THE AUTHORITIES IN THE STATE OF TAMIL NADU AND UNIO N TERRITORY OF PONDICHERRY. THEREFORE, THE COMMISSIONER OF INCOME TAX (APPEALS) HAS RIGHTLY ALLOWED THE CLAIM OF THE ASSESSEES BY F OLLOWING THE BINDING JUDGMENT OF MADRAS HIGH COURT IN VELAYUDHASWAMY SPI NNING MILLS (P) LTD (SUPRA). THEREFORE, THIS TRIBUNAL DO NOT FIND ANY INFIRMITY IN THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS). ITA NOS.1958, 1959, 1960, 1961, 1964, 1965, 1966, 1967, 1968, 1971, 1972/MDS/2015 :- 7 -: 4. IN THE RESULT, THE APPEALS OF THE REVENUE ARE DISMI SSED. ORDER PRONOUNCED ON TUESDAY, THE 8TH DAY OF DECEM BER, 2015, AT CHENNAI. SD/- SD/- ( . ! ) (G. PAVAN KUMAR) /JUDICIAL MEMBER ( ) (CHANDRA POOJARI) / ACCOUNTANT MEMBER /CHENNAI 1 /DATED:08.12.2015 KV 2 ( *',34 54%, /COPY TO: 1. &' /APPELLANT 3. 6, ( )/CIT(A) 5. 478 *',' /DR 2. *+&' /RESPONDENT 4. 6, /CIT 6. 89$ : /GF