The Revenue challenged ITAT orders allowing depreciation claims on a brand name. Citing CBDT Circular No.9 of 2024, the court noted the tax effect was below the monetary limit and dismissed the appeal for low tax effect, keeping substantial questions of law open for future adjudication.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
T.C.A.No.659 of 2018
I
I N THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 23.10.2024
CORAM
THE HON'BLE MR.JUSTICE R.SURESH KUMAR AND THE HON'BLE MR.JUSTICE C.SARAVANAN
Tax Case Appeal No.659 of 2018
Principal Commissioner of Income Tax No.63, Race Course Road, Coimbatore.
.... Appellant
Vs.
Emerald Jewel Industry India Ltd., 230, T.V.Samy Road (East) R.S.Puram, Coimbatore. .... Respondent
Tax Case Appeal filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, 'B' Bench Chennai, dated 07.10.2016 in ITA.No.141/MDS/2015.
For Appellant : Mr.Karthik Ranganathan Senior Standing Counsel
For Respondent : Mr.A.S.Sriraman
J U D G M E N T
(Delivered by R.SURESH KUMAR, J.)
This Tax Case Appeal has been filed by the Revenue calling in question
the correctness of the order passed by the Income Tax Appellate Tribunal, Chennai by raising the following substantial questions of law:
1 of 4
T.C.A.No.659 of 2018
2 of 4
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on a similar issue viz., disallowance of depreciation for the Asst.Year 2010-11 and allowing for the Asst.Year 2011-12?
(R.S.K.,J.) (C.S.N.,J.)
23.10.2024
NCS : Yes/No KST To
The Income Tax Appellate Tribunal 'B' Bench, Chennai.
3 of 4
T.C.A.No.659 of 2018
R.SURESH KUMAR, J. AND C.SARAVANAN, J.
KST
T.C.A.No.659 of 2018
23.10.2024
4 of 4
1 provisions across 1 enactments
Principal Commissioner of Income Tax No.63
Emerald Jewel Industry India Ltd.
R. SURESH KUMAR
C. SARAVANAN
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
