2017 (7) TMI 663

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....g for the petitioner and Mrs.Hema Muralikrishnan, learned Standing Counsel for the respondent. By this order, all the three writ petitions are disposed of. 2. The prayer in W.P.Nos.3080 and 3081 of 2005 is for issuance of writ of certiorarified mandamus to quash the orders passed by the respondent dated 16.11.2004 for the assessment years 1995-96 and 1998-99 and to direct the respondent to refund....

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....ocessed under Section 143(1)(a) of the Act. Later, assessments were completed under Section 144, determining the total income of the petitioner for each of the assessment years. The petitioner filed an appeal only with regard to confirmation of additional interest under Section 147, before the Commissioner of Income Tax (Appeals). In other respects, the assessment orders for all the three years re....

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....principal recovered and residual value and the provision was made as per the Institute of Chartered Accountants of India's note. This Judgment has been relied upon by the learned counsel appearing for the petitioner. 7. Per contra, learned counsel appearing for the Revenue submitted that in TVS Finance's Case, the Division Bench relied on the decision of the Honourble Supreme Court in Com....

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.... of M/s Upasana Finance Limited vs. Deputy Commissioner of Income Tax, Company Circle III (3) in T.C.A.No.845 of 2007, the Division Bench, by Judgment dated 05.07.2016 remanded the matter for fresh consideration to decide the question as to whether Lease Equalisation Reserve and Special Depreciation Reserve would fall under clause (g) to the explanation to the second proviso of Section 115 JA of t....