2019 (2) TMI 649

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....r.R.Venkatanarayanan, for M/s.Subbaraya Aiyar, Padmanabhan and Ramamani COMMON JUDGMENT T.S.SIVAGNANAM, J. These tax case appeals, filed by the Revenue under Section 260A of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), are directed against the common order passed by the Incometax Appellate Tribunal Chennai Bench 'C', Chennai, dated 22.12.2010, in I.T.A.Nos.1735 & 173....

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....ting to Rs. 5,08,51,000/- under the normal computation of total income as well as in the computation of Book profits under Section 115JA?" T.C.(A) No.340 of 2011:- "Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in deleting the disallowance of lease equalization charges amounting to Rs. 1,02,78,803/- in the computation of Book profits und....

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....is decided against the Revenue and the appeals are dismissed as against the said question of law, i.e., in respect of lease equalization charges. 5.So far as the first substantial question of law in T.C.(A) No.339 of 2011 is concerned, the Tribunal has allowed the same on the ground that such expenses were allowed in the assessment years 1990-91/1993-94 and 1/10th of the same was allowed 8/5 year....