S. Manikumar, J.

Tax Case Appeals have been filed against the common orders, made in I.T.A. Nos. 550 & 551/Mds/2010 and Cross-Appeals.

2. Facts leading to the appeals are that the assessee, M/s. Tamil Nadu Tourism Development Corporation Ltd., filed returns for the assessment year 2005-06 on 31.10.2005 and a revised return on 06.06.2006, admitting the total income of Rs.2,12,97,601/-. For the assessment year 2006-07, the assessee filed returns on 27.11.2006, admitting the total income of Rs.2,05,70,640/-. Returns were processed under Section 143(1), selected for scrutiny and notice under Section 143(2) was issued.

3. After enquiry, assessment was completed and vide order, dated 05.12.2012, the following additions were made to the income of the assessee for the assessment year 2005-06: