SATHEES KUMAR HUF,CHENNAI vs. ITO NON CORPORATE WARD-3(2), CHENNAI
In favour of the assessee: the assessee's appeal was allowed. From the AI summary of this appeal.
What did the Tribunal hold?
The Tribunal held that since the assessee opted for the Vivad-se-Vishwas Scheme and paid taxes, the substantive addition cannot survive. Therefore, the appeal is allowed.
What were the facts?
The assessee purchased a property but could not provide evidence for its source, leading to additions under Section 69B by the Assessing Officer. The additions were confirmed by the CIT(A).
What were the issues?
Whether substantive addition can survive when the assessee has settled the tax liability under the Vivad-se-Vishwas Scheme.
Which sections of the Income-tax Act were involved?
AI-generated summary — verify with the full judgment below
Before: Shri V. Durga Rao & Shri G. Manjunatha
आयकर अपीलीय अिधकरण, ’बी’ �ायपीठ, चे�ई IN THE INCOME-TAX APPELLATE TRIBUNAL ‘B’ BENCH, CHENNAI �ी वी दुगा� राव �ाियक सद� एवं �ी जी. मंजुनाथा, लेखा सद� के सम� Before Shri V. Durga Rao, Judicial Member & Shri G. Manjunatha, Accountant Member आयकर अपील सं./I.T.A. No.2643/Chny/2019 िनधा�रण वष�/Assessment Year: 2009-10 M/s. Sathees Kumar HUF, The Income Tax Officer, No. 123, St Mary’s Road, Vs. Non Corporate Ward 3(2), Alwarpet, Chennai 600 018. Chennai. [PAN:AADHC0380A] (अपीलाथ�/Appellant) (��थ�/Respondent) अपीलाथ� की ओर से / Appellant by : Shri D. Anand, Advocate ��थ� की ओर से/Respondent by : Dr. I.P. Roopa, JCIT सुनवाई की तारीख/ Date of hearing : 05.01.2022 घोषणा की तारीख /Date of Pronouncement : 05.01.2022 आदेश /O R D E R PER V. DURGA RAO, JUDICIAL MEMBER:
This appeal filed by the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals) 4, Chennai dated 25.06.2019 relevant to the assessment year 2009-10.
Facts are, in brief, that the assessee filed a return of income for the assessment year 2009-10 on 30.09.2019 admitting total income of ₹.1,83,480/-. The return filed by the assessee was processed under section 143(1) of the Income Tax Act, 1961[“Act” in short]. In this case, the assessee has purchased a property and same was not disclosed in the return of income. Accordingly, the case of the assessee was reopened and the assessee was asked to explain the source of purchase of property. The assessee has submitted that the source is from HUF. However, the assessee has unable to explain with supporting evidence with respect to the source of purchase of property. Accordingly, the Assessing Officer made addition under section 69B of the Act in individual status and also made addition on substantive basis in the hands of HUF, which was confirmed by the ld. CIT(A) on appeal.
On being aggrieved, the assessee is in appeal before the Tribunal. The ld. Counsel for the assessee has submitted before us that the assessee, Individual Shri Sathees Kumar has opted for the Vivad-se-Vishwas Scheme 2020 and paid the taxes and filed Form No. 4 before us and submitted that the addition being on protective basis, the substantive addition cannot survive for the reason that the assessee has already paid taxes under VSVS 2020.
On the other hand, the ld. DR has not raised any objection.
We have heard both the sides, perused the materials available on record and gone through the orders of authorities below. In this case, the assessee, in his individual status, opted for the Vivad-se- Vishwas Scheme 2020 and paid the taxes and filed Form No. 4 and therefore, we are of the opinion that the substantive addition cannot survive. In view of the above facts and circumstances, the appeal filed by the assessee is allowed.
In the result, the appeal filed by the assessee is allowed.
Order pronounced on 05th January, 2022 at Chennai.
More judgments on Section 69B
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- Deputy Commissioner of Income Tax… vs Rama Krishna Jewellers Private Limited…ITA 1289/DEL/2026[2017-2018]Status: Disposed30 Sept 2026AY 2017-2018
- Front Line Guards Private Limited, Navi… vs The Income Tax Officer, Ward 14(1)(1)…ITA 7909/MUM/2026[2020-21]Status: Disposed29 Sept 2026AY 2020-21
- Haripa Industries, Kolkata vs ITO, Central Circle 4(1), KolkataITA 2283/KOL/2026[2019-2020]Status: Disposed29 Sept 2026AY 2019-2020
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