CIT v. Amman Steel and Allied Industries

377 ITR 568High Court2015#3523 most cited

What is CIT v. Amman Steel and Allied Industries authority for?

When income is estimated based on turnover and gross profit, disallowance under Section 40A(3) is not permissible as the estimated gross profit already accounts for expenses like purchases.

34

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2016 to 2025.

Also referred to as

CIT v. Amman Steel and Allied Industries · Section 40A(3) · disallowance · estimated turnover · gross profit · purchases · expenditure · business expenditure

Sections most often in play

Section 115BBESection 145(3)Section 143(3)Section 153ASection 37(1)Section 40A(3)Section 69ASection 132

Issues it is cited on

prohibited by lawsection 40a(3)section 145(3)section 40asearch assessmentsection 153ddouble taxationsection 37(1)section 40section 37unexplained moneysection 139(1)

Judgments citing CIT v. Amman Steel and Allied Industries

RAJ KUMAR & CO,NAWANSHAHR vs. INCOME TAX OFFICER, NAWANSHAHR

In the result, the appeal of the assessee is partly allowed as indicated above

ITA 641/ASR/2024[2017-18]Status: DisposedITAT Amritsar16 Oct 2025AY 2017-18

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

For Appellant: Sh. Ashray Sarna, Adv
Section 115Section 115BSection 144Section 250Section 68

…judgments: “1. Indwell Constructions v. CIT [1998] 232 ITR 776 (AP) 2. CIT v. Banwari Lal Banshidhar [1998] 229 ITR 229 (All.) 3. CIT v. Aggarwal Engg. Co. [2008] 302 ITR 246/2006] 156 Taxman 40 (Punj. & Har.) 4. CIT v. Amman Steel & Allied Industries [2015] 377 ITR 568 (Mad.)” 26. We also find that the Hon’ble Punjab and Haryana High Court in the case of CIT vs Dulla Ram (ITA No 122 of 1999) dated 22/10/2013 citations in 2013 (12) TMI 253, has held: (relevant portion) 15 I.T.A. No. 641/Asr/2024 Assessment Year: 2017-18 “Accounts books once rejected , are ruled out of consideration and cannot be pressed int…

SEBCO PROPERTY PRIVATE LIMITED,TRICHY vs. DCIT CENTRAL CIRCLE 2, TRICHY

In the result, all the appeals stand dismissed

ITA 1471/CHNY/2024[2021-22]Status: DisposedITAT Chennai15 Jan 2025AY 2021-22

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

SEBCO PROPERTY PRIVATE LIMITED,TRICHY vs. DCIT CENTRAL CIRCLE 2, TRICHY

In the result, all the appeals stand dismissed

ITA 1470/CHNY/2024[2020-21]Status: DisposedITAT Chennai15 Jan 2025AY 2020-21

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

SEBCO PROPERTY PRIVATE LIMITED,TRICHY vs. DCIT CENTRAL CIRCLE 2, TRICHY

In the result, all the appeals stand dismissed

ITA 1469/CHNY/2024[2019-20]Status: DisposedITAT Chennai15 Jan 2025AY 2019-20

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

SEBCO PROPERTY PRIVATE LIMITED,TRICHY vs. DCIT CENTRAL CIRCLE 2, TRICHY

In the result, all the appeals stand dismissed

ITA 1468/CHNY/2024[2018-19]Status: DisposedITAT Chennai15 Jan 2025AY 2018-19

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

SEBCO PROPERTY PRIVATE LIMITED,TRICHY vs. DCIT CENTRAL CIRCLE 2, TRICHY

In the result, all the appeals stand dismissed

ITA 1467/CHNY/2024[2017-18]Status: DisposedITAT Chennai15 Jan 2025AY 2017-18

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, TRICHY, TRICHY vs. SEBCO PROPERTY PRIVATE LIMITED, TRICHY

In the result, all the appeals stand dismissed

ITA 1432/CHNY/2024[2021-22]Status: DisposedITAT Chennai15 Jan 2025AY 2021-22

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, TRICHY, TRICHY vs. SEBCO PROPERTY PRIVATE LIMITED, TRICHY

In the result, all the appeals stand dismissed

ITA 1431/CHNY/2024[2020-21]Status: DisposedITAT Chennai15 Jan 2025AY 2020-21

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, TRICHY, TRICHY vs. SEBCO PROPERTY PRIVATE LIMITED, TRICHY

In the result, all the appeals stand dismissed

ITA 1430/CHNY/2024[2019-20]Status: DisposedITAT Chennai15 Jan 2025AY 2019-20

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, TRICHY, TRICHY vs. SEBCO PROPERTY PRIVATE LIMITED, TRICHY

In the result, all the appeals stand dismissed

ITA 1429/CHNY/2024[2018-19]Status: DisposedITAT Chennai15 Jan 2025AY 2018-19

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, TRICHY, TRICHY vs. SEBCO PROPERTY PRIVATE LIMITED, TRICHY

In the result, all the appeals stand dismissed

ITA 1428/CHNY/2024[2017-18]Status: DisposedITAT Chennai15 Jan 2025AY 2017-18

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.1428/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 2. आयकरअपील सं./ Ita No.1429/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) & 3. आयकरअपील सं./ Ita No.1430/Chny/2024 (िनधा'रणवष' / Assessment Year: 2019-20) & 4. आयकरअपील सं./ Ita No.1431/Chny/2024 (िनधा'रणवष' / Assessment Year: 2020-21) & 5. आयकरअपील सं./ Ita No.1432/Chny/2024 (िनधा'रणवष' / Assessment Year: 2021-22) Dcit M/S Sebco Property Private Limited बनाम/ Central Circle-2, 24D, Mahalakshmi Nagar, Vs. Trichy. K.K. Nagar, Trichy-620 021. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaocs-0810-R (अपीलाथ"/Appellant) : (" थ" / Respondent) & 6. आयकरअपील सं./ Ita No.1467/Chny/2024 (िनधा'रणवष' / Assessment Year: 2017-18) & 7. आयकरअपील सं./ Ita No.1468/Chny/2024 (िनधा'रणवष' / Assessment Year: 2018-19) &

For Appellant: Shri R. Venkata Raman (CA) - Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 153ASection 153D

…igh Court in the case of CIT (Central) v. Gobind Ram (229 Taxman 491) as well as by Hon’ble Rajasthan High Court in PCIT v. Jadau Jewellers & Manufacturers (P.) Ltd. (409 ITR 85). 3.9 The Hon’ble High Court of Madras in CIT v. Amman Steel & Allied Industries (377 ITR 568) held as under: - “13. On the issue relating to disallowance under Section 40A (3) of the Act, the same was considered by the CIT (Appeals) by holding that income has been arrived at an estimate of turnover and computed applying the gross profit and, therefore, no expenditure shall be allowed, since the gross profit applied would take care of the…

PURADAKOPPALU BATTEGOWDA KARIGOWDA,MANDYA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, MYSURU

In the result, the appeals are allowed in favour of the assessee

ITA 1024/BANG/2022[2019-20]Status: DisposedITAT Bangalore09 Feb 2023AY 2019-20

Bench: Shri N.V. Vasudevan & Ms. Padmavathy S

For Appellant: S/Shri K.R. Vasudevan & Ankur Pai, AdvocatesFor Respondent: Shri Sunil Kumar Singh, CIT-2(DR)(ITAT), Bengaluru
Section 131Section 132Section 143(3)Section 153ASection 40ASection 40A(3)

…igh Court in CIT (Central) v Smt Santosh Jain (2008) 296 ITR 324 (Punjab & Haryana); d. Punjab & Haryana High Court in CIT (Central) v Gobind Ram (2014) 48 taxmann.com 14 (Punjab & Haryana); e. Madras High Court in CIT v Amman Steel & Allied Industries (2015) 377 ITR 568 (Madras); f. Rajasthan High Court in PCIT v Jadau Jewellers & Manufactures (P) Ltd (2018) 409 ITR 85 (Rajasthan). 9. The ld AR also presented arguments with regard to applicability of Rule 6DD exceptions in assessee’s case. However for the purpose of adjudication we will consider only the contentions raised with regard to whether disallowance u/s…

PURADAKOPPALU BATTEGOWDA KARIGOWDA,MANDYA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, MYSURU

In the result, the appeals are allowed in favour of the assessee

ITA 1023/BANG/2022[2018-19]Status: DisposedITAT Bangalore09 Feb 2023AY 2018-19

Bench: Shri N.V. Vasudevan & Ms. Padmavathy S

For Appellant: S/Shri K.R. Vasudevan & Ankur Pai, AdvocatesFor Respondent: Shri Sunil Kumar Singh, CIT-2(DR)(ITAT), Bengaluru
Section 131Section 132Section 143(3)Section 153ASection 40ASection 40A(3)

…igh Court in CIT (Central) v Smt Santosh Jain (2008) 296 ITR 324 (Punjab & Haryana); d. Punjab & Haryana High Court in CIT (Central) v Gobind Ram (2014) 48 taxmann.com 14 (Punjab & Haryana); e. Madras High Court in CIT v Amman Steel & Allied Industries (2015) 377 ITR 568 (Madras); f. Rajasthan High Court in PCIT v Jadau Jewellers & Manufactures (P) Ltd (2018) 409 ITR 85 (Rajasthan). 9. The ld AR also presented arguments with regard to applicability of Rule 6DD exceptions in assessee’s case. However for the purpose of adjudication we will consider only the contentions raised with regard to whether disallowance u/s…

PURADAKOPPALU BATTEGOWDA KARIGOWDA,MANDYA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, MYSURU

In the result, the appeals are allowed in favour of the assessee

ITA 1022/BANG/2022[2017-18]Status: DisposedITAT Bangalore09 Feb 2023AY 2017-18

Bench: Shri N.V. Vasudevan & Ms. Padmavathy S

For Appellant: S/Shri K.R. Vasudevan & Ankur Pai, AdvocatesFor Respondent: Shri Sunil Kumar Singh, CIT-2(DR)(ITAT), Bengaluru
Section 131Section 132Section 143(3)Section 153ASection 40ASection 40A(3)

…igh Court in CIT (Central) v Smt Santosh Jain (2008) 296 ITR 324 (Punjab & Haryana); d. Punjab & Haryana High Court in CIT (Central) v Gobind Ram (2014) 48 taxmann.com 14 (Punjab & Haryana); e. Madras High Court in CIT v Amman Steel & Allied Industries (2015) 377 ITR 568 (Madras); f. Rajasthan High Court in PCIT v Jadau Jewellers & Manufactures (P) Ltd (2018) 409 ITR 85 (Rajasthan). 9. The ld AR also presented arguments with regard to applicability of Rule 6DD exceptions in assessee’s case. However for the purpose of adjudication we will consider only the contentions raised with regard to whether disallowance u/s…

PURADAKOPPALU BATTEGOWDA KARIGOWDA,MANDYA vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, MYSURU

In the result, the appeals are allowed in favour of the assessee

ITA 1021/BANG/2022[2016-17]Status: DisposedITAT Bangalore09 Feb 2023AY 2016-17

Bench: Shri N.V. Vasudevan & Ms. Padmavathy S

For Appellant: S/Shri K.R. Vasudevan & Ankur Pai, AdvocatesFor Respondent: Shri Sunil Kumar Singh, CIT-2(DR)(ITAT), Bengaluru
Section 131Section 132Section 143(3)Section 153ASection 40ASection 40A(3)

…igh Court in CIT (Central) v Smt Santosh Jain (2008) 296 ITR 324 (Punjab & Haryana); d. Punjab & Haryana High Court in CIT (Central) v Gobind Ram (2014) 48 taxmann.com 14 (Punjab & Haryana); e. Madras High Court in CIT v Amman Steel & Allied Industries (2015) 377 ITR 568 (Madras); f. Rajasthan High Court in PCIT v Jadau Jewellers & Manufactures (P) Ltd (2018) 409 ITR 85 (Rajasthan). 9. The ld AR also presented arguments with regard to applicability of Rule 6DD exceptions in assessee’s case. However for the purpose of adjudication we will consider only the contentions raised with regard to whether disallowance u/s…

SMT. LIZY GEORGE,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 7(1), BANGALORE

In the result, the appeal of the assessee is partly allowed

ITA 398/BANG/2020[2005-06]Status: DisposedITAT Bangalore28 Oct 2022AY 2005-06

Bench: Smt. Beena Pillai & Shri Laxmi Prasad Sahuassessment Year : 2005-06

For Appellant: Shri V Ravishankar, AdvocateFor Respondent: Shri Sankar Ganesh K, JCIT (DR)
Section 133ASection 142(1)Section 143(2)Section 145(3)

…Constructions v. CIT [1998] 232 ITR 776 (AP) @ 778, 779 2. CIT v. Banwari Lal Banshidhar [1998] 229 ITR 229 (All.) @ 232 3. CIT v. Aggarwal Engg. Co. [2008] 302 ITR 246/2006] 156 Taxman 40 (Punj. & Har.) @ 249 4. CIT v. Amman Steel & Allied Industries [2015] 377 ITR 568 (Mad.) @ 580 Page 11 of 34 15. The principle that if a finding offact is not challenged as being perverse, the High Court is bound to accept such finding. Therefore, as no such substantial question of law has been framed and the questions pertain to findings offact, which cannot be said to be perverse as it is evident that the books of accounts o…

SHRI VIMAL CHANDUBHAI PATEL,KARAMSAD vs. THE ITO, WARD-2, ANAND

In the result, the appeal of the assessee is partly allowed

ITA 1857/AHD/2019[2008-09]Status: DisposedITAT Ahmedabad17 Jun 2022AY 2008-09

Bench: Dr. Arjun Lal Saini & T.R. Senthil Kumarassessment Year:2008-09 Vimal Chandubhai Patel, The Ito, Ward-2, Limdi Pole, Laljinikhadki, New Vs Ahmedabad. Houses, Karamsad-388325. Pan :Aktpp 9776 F (Appellant) (Responent) Assessee By : Shri Sakar Sharma, Ar Revenue By : Shri R. R. Makwana, Sr. Dr सुनवाईक"तार"ख/Date Of Hearing : 18/04/2022 घोषणाक"तार"ख/Date Of Pronouncement: 17/06/2022 आदेश/O R D E R

For Appellant: Shri Sakar Sharma, ARFor Respondent: Shri R. R. Makwana, Sr. DR
Section 144Section 145(3)Section 40

…l Constructions v. CIT [1998] 232 ITR 776 (AP) @ 778, 779 2. CIT v. Banwari Lal Banshidhar[1998] 229 ITR 229 (All.) @ 232 3. CIT v. Aggarwal Engg. Co. [2008] 302 ITR 246/2006] 156 Taxman 40 (Punj. & Har.) @ 249 4. CIT v. Amman Steel & Allied Industries [2015] 377 ITR 568 (Mad.)” Vimal C. Patel 5 10. Therefore, respectfully following the judgment of the Hon’ble High Court of Karnataka, in the case of Bahubali Neminath Muttin(supra), we delete the addition ofRs.3,43,170/- made by the assessing officer u/s 40(a)(ia) of the Act. 11.In the result, the appeal of the assessee is partly allowed. Order pronounced in the…

GARLAPATI JAGAN MOHANA RAO,MACHILIPATNAM vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA

In the result, appeal of the assessee is allowed

ITA 235/VIZ/2021[2014-15]Status: DisposedITAT Visakhapatnam26 May 2022AY 2014-15

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अऩीऱ सं./ I.T.A. No.235/Viz/2021 (ननधधारण वषा / Assessment Year :2014-15) Sri Garlapati Jagan Mohana Rao, Vs. Dcit, Machilipatnam-521001. Circle-2(1), Pan:Armpg 1332 L Vijayawada. (अऩीऱधथी/ Appellant) (प्रत्यथी/ Respondent) अऩीऱधथी की ओर से/ Appellant By : Sri Mv Prasad प्रत्यधथी की ओर से / Respondent By : Sri Mn Murthy Naik, Cit-Dr सुनवधई की तधरीख / Date Of Hearing : 10/05/2022 घोषणध की तधरीख/Date Of : 30/05/2022 Pronouncement O R D E R Per S. Balakrishnan:

For Appellant: Sri MV PrasadFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 132(4)Section 143(2)Section 143(3)Section 153ASection 44A

…आयकर अपीऱीयअधिकरण, विशाखापटणम पीठ, विशाखापटणम IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM श्री दुव्िूरु आर एऱ रेड्डी, न्याययक सदस्य एिं श्री एस बाऱाकृष्णन, ऱेखा सदस्य के समक्ष BEFORE SHRI DUVVURU RL REDDY, HON’BLE JUDICIAL MEMBER & SHRI S BALAKRISHNAN, HON’BLE ACCOUNTANT MEMBER आयकर अऩीऱ सं./ I.T.A. No.235/Viz/2021 (ननधधारण वषा / Assessment Year :2014-15) Sri Garlapati Jagan Mohana Rao, Vs. DCIT, Machilipatnam-521001. Circle-2(1), PAN:ARMPG 1332 L Vijayawada. (अऩीऱधथी/ Appellant) (प्रत्यथी/ Respondent) अऩीऱधथी की ओर से/ Appellant by : Sri MV Prasad प्रत्यधथी की ओर से / Respondent by…

SRI AMIT KUNDU,BANKURA vs. ITO, WARD-3(4), BANKURA, BANKURA

In the result, the appeal of the assessee is allowed

ITA 1395/KOL/2019[2013-14]Status: DisposedITAT Kolkata29 Nov 2019AY 2013-14

Bench: Shri J. Sudhakar Reddy]

Section 250Section 40A(3)

…be sustained in the present case. Accordingly, we delete the addition in all the three years and this common issue of assessee’s appeals is allowed.” 7. The Hon’ble Madras High Court in the case of CIT vs. Arman Steel and Allied Industries, reported in [2015] 377 ITR 568 (Mad) had held as follows: “Where the assessable income was arrived at by applying a percentage rate, the exercise would take care of everything and there is no need for the Assessing Officer to make a scrutiny of the amount incurred on purchases by the assessee for the purposes of disallowance under section 40A(3) of the Income tax Act, 1961.”…

MARUTHI POLY BAGS P LD,PUDUKOTTAI vs. DCIT, CIRCLE 3(1), TRICHY

ITA 541/CHNY/2019[2011-12]Status: DisposedITAT Chennai09 Oct 2019AY 2011-12

Bench: Shri George Mathan & Shri Inturi Rama Rao

For Appellant: Shri. S. Keerthirajan, C.AFor Respondent: Shri. D. Divahar, IRS, JCIT
Section 143(3)Section 148

…आयकर अपील"य अ"धकरण, ‘बी’ "यायपीठ, चे"नई IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH : CHENNAI "ी जॉज" माथन, "या"यक सद"य एवं "ी इंटूर" रामा राव, लेखा सद"य के सम" BEFORE SHRI GEORGE MATHAN, JUDICIAL MEMBER AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER आयकर अपील सं./I.T.A. Nos. 539, 540 & 541/CHNY/2019 "नधा"रण वष" /Assessment years : 2009-10, 2010-11 and 2011-12. Maruthi Poly Bags (P) Ltd, Vs. The Deputy Commissioner of No.10-C, 11-C, Income Tax, SIPCOT Industrial Estate, Circle 3(1) Pudukkottai 622 002. Trichy. [PAN AACCM 9978N] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant by : Shri. S…

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