ACIT, CHENNAI vs. SHRI S. MARTIN, COIMBATORE
In the result, all the three appeals filed by the Revenue are dismissed
ITA 2382/CHNY/2016[2009-10]Status: DisposedITAT Chennai05 Oct 2018AY 2009-10
Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.2382/Chny/2016 "नधा"रण वष" / Assessment Year : 2009-10 & आयकर अपील सं./Ita Nos.3146 & 3147/Chny/2017 "नधा"रण वष" / Assessment Years : 2015-16 The Assistant Commissioner Of Shri S. Martin, Income Tax, V. No.335-339, Daisy Plaza, 6Th Street, Gandhipuram, Central Circle -2, Income Tax Building, Race Course Road, Coimbatore – 641 011. Coimbatore – 641 018. Pan : Aewpm 3703 Q (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: Shri Sailendra Mamidi, PCITFor Respondent: Shri S. Sridhar, Advocate
Section 14ASection 271(1)(c)
TDS was placed before the Assessing Officer and the assessee claimed deduction.
It does not mean that the assessee has concealed particulars of income. Similarly, details of prepaid expenses of ₹1,98,990/- were also available before the Assessing Officer.
9. Coming to the short term capital gain, the assessee retired from partnership firm with effect from 19.08.2008 and received