DCIT, CENTRAL CIR-2, MADURAI vs. J S NIHAR BANU, PALAKKAD

ITA 445/CHNY/2019Status: DisposedITAT Chennai25 October 2024AY 2015-16Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI AMITABH SHUKLA (Accountant Member)1 pages
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What did the Tribunal hold?

The Tribunal held that the assessment orders were served on the assessees after the prescribed timelines, making them time-barred. Consequently, the assessment orders were set aside.

What were the facts?

The Revenue filed appeals against the CIT(A)'s orders deleting additions made under Section 40A(3). The assessees had also filed cross-objections challenging the assessment orders as time-barred.

What were the issues?

Whether the assessment orders were passed within the statutory time limits and whether the additions under Section 40A(3) were justified.

Which sections of the Income-tax Act were involved?

Section 40A(3),Section 153C,Section 153B

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Cases cited in this judgment(8)Show list

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आयकर अपीलीय अधिकरण, ‘बी’ न्यायपीठ, चेन्नई। IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH: CHENNAI श्री मनु कुमार गिरि, न्यागिक सदस्य एवं श्री अमिताभ शुक्ला, लेखा सदस्य के समक्ष BEFORE SHRI MANU KUMAR GIRI, JUDICIAL MEMBER AND SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.355, 356, 357 & 358 /Chny/2019 धििाारण वर्ा /Assessment Year: 2012-13, 2013-14, 2014-15 & 2015-16 & CO 32, 33, 34, & 35 /Chny/2019 Assessment Years : 2012-13, 2013-14, 2014-15 & 2015-16 The Deputy Commissioner of M/s.Achu Traders, Income Tax, Central Circle-2, No. 11/1288, Kerala-678507 [PAN: AAPFA8131B] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) आयकर अपील सं./ITA No.359, 360, 361 & 362 /Chny/2019 धििाारण वर्ा /Assessment Year: 2012-13, 2013-14, 2014-15 & 2015-16 & CO 36, 37, 38, & 39/Chny/2019 Assessment Years : 2012-13, 2013-14, 2014-15 & 2015-16 The Deputy Commissioner of Shri M.Shahjahan, Income Tax, Central Circle-2, Prop. M/s. Madeena Traders Madurai No.VII/561, M.Pudur Main Road, Vs Govindapuram Post, Palakkad, Kerala-678507 (अपीलार्थी/Appellant) [PAN: AIYPS1815P]

आयकर अपील सं./ITA No.363, 444 & 445 /Chny/2019 धििाारण वर्ा /Asse

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