DCIT NON CORPORATE CIRCLE-4, COIMBATORE vs. NAVARATNA MAALIGAI, COIMBATORE

In the result, appeal filed by the revenue is dismissed

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपीलसं./Ita No.: 801/Chny/2023 & Co No.: 48/Chny/2023 िनधा"रणवष" / Assessment Year: 2017-18 Deputy Commissioner Of M/S. Navaratna Maaligai, Income Tax, V. No. 362, Raja Street, Non-Corporate Circle -4, Coimbatore – 641 001. Aayakar Bhavan, [Pan: Aaifn-6257-E] 63, Race Course Road, Coimbatore – 641 018. (अपीलाथ"/Appellant) (Respondent/Cross Objector) : Shri. P. Sajit Kumar, Jcit अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri. T. Banusekar, Advocate सुनवाई क" तारीख/Date Of Hearing : 19.03.2024 घोषणा क" तारीख/Date Of Pronouncement : 05.04.2024

demonetized notes. Therefore, merely for the reason that there is a huge increase in sales for the above period, it cannot be held that sales declared by the assessee is bogus in nature. Further, the Assessing Officer never disputed sales declared by the assessee which are supported by sales bills, corresponding purchase

ITO, NON CORPORATE WARD 1(4), , COIMBATORE vs. M/S SURABII GOLD , COIMBATORE

In the result, appeal filed by the revenue is dismissed

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 372/Chny/2023 िनधा"रण वष" / Assessment Year: 2017-18 Income-Tax Officer, M/S. Surabii Gold, Non-Corporate Ward 1(4), V. 138, Karuppa Gounder Street, Aayakar Bhavan, K G Street, 63, Race Course Road, Coimbatore – 641 012. Coimbatore – 641 018. [Pan: Abufs-6503-P] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. D. Hema Bhupal, Jcit : Shri. S. Sridhar, Advocate ""यथ" क" ओर से/Respondent By सुनवाई क" तारीख/Date Of Hearing : 26.03.2024 घोषणा क" तारीख/Date Of Pronouncement : 05.04.2024

bogus purchases, it would necessarily have to ignore the corresponding sales recorded against the very same parties. As pointed out by the Tribunal, the Commissioner (Appeals) could have rejected the books of account only, after it had examined and come to the conclusion that he was not satisfied as regards their correctness or completeness. The finding of fact returned

M/S. SRI BALAJI EDUCATIONAL AND CHARITABLE PUBLIC TRUST,CHENNAI vs. ACIT, CENTRAL CIRCLE-3(4), CHENNAI

In the result, the appeal of the Assessee and that of the Department are dismissed

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./Ita No.: 1249/Chny/2025 िनधा$रण वष$ / Assessment Year: 2017-18 M/S. Sri Balaji Educational & Acit, Charitable Public Trust, Vs. Central Circle 3(4), No. 60, First Avenue, Chennai. Jai Durga Complex, Ashok Nagar, Chennai – 600 083. Tamil Nadu. (&'थ"/Respondent) [Pan: Aacts-1386-D] (अपीलाथ"/Appellant) आयकर अपील सं./Ita Nos.:1471/Chny/2025 िनधा$रण वष$ / Assessment Year: 2017-18 Acit, M/S. Sri Balaji Educational & Central Circle 3(4), Vs. Charitable Public Trust, Chennai. No. 60, First Avenue, Jai Durga Complex, Ashok Nagar, Chennai – 600 083. Tamil Nadu. (अपीलाथ"/Appellant) [Pan: Aacts-1386-D] (&'थ"/Respondent) िनधा$)रती की ओर से/Assessee By : Shri. Y.Sridhar, Fca राज4 की ओर से /Revenue By : Ms. E. Pavuna Sundari, Cit सुनवाई की तारीख/Date Of Hearing : 08.09.2025 घोषणा की तारीख/Date Of Pronouncement : 01.12.2025

bogus purchases, it would necessarily have to ignore the corresponding sales recorded against the very same parties. As pointed out by the Tribunal, the Commissioner (Appeals) could have rejected the books of account only, after it had examined and come to the conclusion that he was not satisfied as regards their correctness or completeness. The finding of fact returned

ACIT, CHENNAI vs. SRI BALAJI EDUCATIONAL AMD TRUST CHARITABLE PUBLIC TRUST , CHENNA

In the result, the appeal of the Assessee and that of the Department are dismissed

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./Ita No.: 1249/Chny/2025 िनधा$रण वष$ / Assessment Year: 2017-18 M/S. Sri Balaji Educational & Acit, Charitable Public Trust, Vs. Central Circle 3(4), No. 60, First Avenue, Chennai. Jai Durga Complex, Ashok Nagar, Chennai – 600 083. Tamil Nadu. (&'थ"/Respondent) [Pan: Aacts-1386-D] (अपीलाथ"/Appellant) आयकर अपील सं./Ita Nos.:1471/Chny/2025 िनधा$रण वष$ / Assessment Year: 2017-18 Acit, M/S. Sri Balaji Educational & Central Circle 3(4), Vs. Charitable Public Trust, Chennai. No. 60, First Avenue, Jai Durga Complex, Ashok Nagar, Chennai – 600 083. Tamil Nadu. (अपीलाथ"/Appellant) [Pan: Aacts-1386-D] (&'थ"/Respondent) िनधा$)रती की ओर से/Assessee By : Shri. Y.Sridhar, Fca राज4 की ओर से /Revenue By : Ms. E. Pavuna Sundari, Cit सुनवाई की तारीख/Date Of Hearing : 08.09.2025 घोषणा की तारीख/Date Of Pronouncement : 01.12.2025

bogus purchases, it would necessarily have to ignore the corresponding sales recorded against the very same parties. As pointed out by the Tribunal, the Commissioner (Appeals) could have rejected the books of account only, after it had examined and come to the conclusion that he was not satisfied as regards their correctness or completeness. The finding of fact returned

DEPUTY COMMISSIONER OF INCOME-TAX, CORPORATE CIRCLE-1, COIMBATORE, COIMBATORE vs. MS DAR PARADISE PVT. LTD., COIMBATORE

In the result, appeal filed by the revenue is dismissed

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 1106/Chny/2023 िनधा"रण वष" / Assessment Year: 2017-18 Deputy Commissioner Of M/S. Dar Paradise Pvt. Ltd., Income Tax, V. 599, Raja Street, Corporate Circle -1, Coimbatore – 641 001. Coimbatore. [Pan: Aafcd-3066-P] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. R. Clement Ramesh Kumar, Cit ""यथ" क" ओर से/Respondent By : Shri. N. Arjun Raj, Ca सुनवाई क" तारीख/Date Of Hearing : 05.03.2024 घोषणा क" तारीख/Date Of Pronouncement : 21.03.2024

Purchase bills are bogus nor any evidence indicating that such sales was bogus. Further, the assessee has submitted that the books of accounts of assessee are audited and no defect has been pointed out by the auditor in the maintenance of books of accounts. Further, the books of accounts have not rejected by the Assessing Officer. The total sales

MOHAMED THAJUDEEN ABUTHAHIR,SIRKALI CHENNAI vs. ITO WARD 2, , NAGAPATTINAM CHENNAI

In the result, appeal filed by the assessee is partly allowed

Bench: Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 650/Chny/2023 िनधा"रण वष" / Assessment Year: 2017-18 Mohamed Thajudeen Abuthahir, The Income Tax Officer, 17, Railway Road, V. Ward-2, Sirkali – 609 110. Nagapattinam. Tamilnadu. [Pan: Afdpa-4979-C] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. N. Arjun Raj, Ca ""यथ" क" ओर से/Respondent By : Shri. D. Hema Bhupal, Jcit सुनवाई क" तारीख/Date Of Hearing : 03.08.2023 घोषणा क" तारीख/Date Of Pronouncement : 23.08.2023

bogus purchases was confirmed by Tribunal taking a view that either bills were manipulated so as to increase stock or sales had been reduced, said finding being a finding of fact, no substantial question of law arose therefrom. 12. In the result, it is held that under the given situation, the entire cash receipts of Rs.38,40,000/- made during

SREE BALAJI BULLIONS,SALEM vs. DCIT, CIRCLE-1(1), SALEM

In the result, appeal filed by the assessee is allowed

Bench: Shri George George K, Hon’Ble & Shri S.R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.: 2302/Chny/2024 िनधा"रण वष" / Assessment Year: 2017-18 Sree Balaji Bullions, Dy. Commissioner Of 22/43, Vasagasalai, Income Tax, Shevapet, V. Circle 1(1), Salem– 636002. Salem. [Pan: Aasfs-5947-E] (""यथ"/Respondent) (अपीलाथ"/Appellant) : Shri.S.Sridhar, Advocate अपीलाथ" क" ओर से/Appellant By & N.Arjun Raj, Advocate ""थ" की ओर से/Respondent By : Ms.T.M.Suganthamala, Cit सुनवाई क" तार"ख/Date Of Hearing : 25.02.2025 घोषणा क" तार"ख/Date Of Pronouncement : 17.04.2025 आदेश /O R D E R

demonetization for commission basis. Since all the cash sales bills were spiltted up and booked under bogus customers name or the identity of the customer who have purchased

ACIT, SALEM vs. ANS JEWELRY , SALEM

In the result, the appeal stand dismissed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manomohan Das

bogus customers’ name during the demonetization period. Therefore, cash deposit of Rs.766 Lacs as deposited in Specified Bank Notes (SBN) post demonetization during the period 09.11.2016 to 30.12.2016 were added as unaccounted money u/s 69A which would be subjected to tax at maximum marginal rate u/s 115BBE. 4. Excessive interest paid on unsecured loan creditors Another issue in the appeal

DCIT NON- CORPORATE CIRCLE-4 COIMBATORE, COIMBATORE vs. DHARMA JEWELLERS, COIMBATORE

In the result, the appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri Manjunatha, G.आयकर अपील सं./I.T.A. No.781/Chny/2023 िनधा"रण वष"/Assessment Year: 2017-18 The Deputy Commissioner Of Vs. Dharma Jewellers, Income Tax, 75, Savithiri Nagar, Non Corporate Circle 4, Aayakar Coimbatore 641 001. Bhavan, 63, Race Course Road, Coimbatore. [Pan:Aaffd3210Q]

bogus. 4 I.T.A. No. 781/Chny/23 Assessee had furnished the Purchase Gold bullion ledger (attached to this order as Annexure B), wherein it is seen that the Gold Bullions purchased from Axis bank limited are taken into stock of Gold Jewels 22 kt on the same day of purchase. Normally the Gold bullion will take a minimum conversion period

M/S. LALITHA JEWELLERY MART LTD.,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(4), CHENNAI

bogus, then as a corollary, at the time of search, the\nphysical inventory ought to have been higher than the closing inventory\nas per books, which was not the case and instead the inventory physically\nfound and as per books stood fully reconciled. The assessee further\nsubmitted that even the inventory details, purchases and sales found in\nthe books

ASOK SPARKS ,VIRUDHUNAGAR vs. ACIT, CIRCLE-1, VIRUDHUNAGAR

In the result, the appeal filed by the assessee is allowed

Bench: Shri Manu Kumar Giri & Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 93/Chny/2025 िनधा"रण वष"/Assessment Year: 2017-18 M/S. Asok Sparks, The Acit, 468, Pks Arumugandar Road, Circle 1, Vs. Sivakasi, Virudhunagar. Virudhunagar – 626 189. [Pan: Aaufa-8489-K] (अपीलाथ"/Appellant) (""थ"/Respondent)

Purchase ledger for the financial year 2016- 17 and invoices raised for sales made to the parties Agra Lalit Traders, Lucknow Royal fireworks, Allahabad Prayag Trading Agencies along with the respective ledger accounts to show the sales and amount received from them. The ld.AR stated that the assessee has been regularly filing the VAT returns and has declared the Sales

ACIT, CIRCLE-1, TIRUNELVELI vs. ESAKKIMUTHU MUTHUVEL IYAPPAN, TIRUNELVELI

In the result, appeal filed by the revenue stands dismissed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.794/Chny/2022 (िनधा"रणवष" / Assessment Year: 2017-2018) The Assistant Commissioner Of Vs. Shri Esakkimuthu Muthuvel Iyappan, Income Tax, No.4, Highways Road, Circle 1, Tisayanvilai, Tirunelveli 627 011. Tirunelveli 627 657. [Pan : Arupm 4796J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri. T. Vasudevan, Advocate ""यथ" क" ओर से /Respondent By : Shri Arv Srinivasan, Irs, Addl.Cit सुनवाई क" तार"ख/Date Of Hearing : 19.06.2024 घोषणा क" तार"ख /Date Of Pronouncement : 24.07.2024 आदेश / O R D E R Per Manu Kumar Giri ()

bogus customers' name during the demonetization period. The demand of Ld. AO to produce CCTV recording after lapse of considerable period of time could not be said to be reasonable particularly when all the other evidences supports the case of the assessee. There is no finding by Ld. AO that any particular sales affected by the assessee exceeded threshold limit

DEPUTY COMMISSIONER OF INCOME TAX, MADURAI vs. MS. CHAKRA CHAINS JEWELLARY PVT. LTD., MADURAI

In the result, the appeal stand dismissed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.2078/Chny/2024 (िनधा(रणवष( / Assessment Year: 2017-18) Dcit M/S. Chakra Chains Jewellery Pvt. Ltd. बनाम Corporate Circle, 39/31, Balu Complex, Madurai. South Avani Moola Street, / Vs. Madurai-625 001. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aafcc-0368-R (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Ar.V. Sreenivasan (Addl.Cit) -Ld. Sr. Dr " थ"कीओरसे/Respondent By : Shri N. Arjun Raj (Advocate)– Ld.Ar

purchase register, stock register, cash book, bank statements and VAT returns etc. The assessee has furnished monthly cash summary. The sales made by the assessee have been offered in the VAT returns which have been accepted by VAT authorities. The books of accounts are duly audited in accordance with law and no defect has been pointed

ANS JEWELRY,SALEM vs. DCIT, NON CORPORATE CIRCLE-19(1), SALEM

In the result, both the appeals filed by the assessee are allowed

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.160 & 161/Chny/2024 िनधा"रण वष"/Assessment Year: 2020-21 & 2021-22 V. M/S.Ans Jewelry, The Dcit, 284, Omalur Main Road, Non-Corporate Circle-19(1), Swarnapuri, Salem. Salem-636 004. [Pan: Aahfa 8980 G] (अपीलाथ"/Appellant) (""यथ"/Respondent)

purchases and sell of gold jewels, diamond jewellery and silver articles. It had filed its return of income on 16.09.2020 for AY 2020-21 declaring taxable income of Rs.95,23,430/- (for AY 2021-22 assessee had declared ITA Nos.160 & 161/Chny/2024 (AY 2020-21 & 2021-22) M/s.ANS Jewelry :: 6 :: income of Rs.1,48,17,850/-). The AO noted that

ASSISTANT COMMISSIONER OF INCOME TAX, COIMBATORE vs. AVR KUMBAKONAM SILVER SHOP JEWELLERS, SALEM

The appeal stands dismissed

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.4/Chny/2024 (िनधा*रणवष* / Assessment Year: 2017-18) Acit M/S. Avr Kumbakonam Silver Shop Jewellers बनाम/ Central Circle-3, 364, Jewellers Bazaar Street, Vs. Coimbatore. Salem-636 001. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aacfk-1324-P (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri R. Clement Ramesh Kumar (Cit)-Ld. Dr " थ"कीओरसे/Respondent By : Shri N. Arjun Raj (Advocate) Ld.Ar सुनवाईकीतारीख/Date Of Hearing : 01-08-2024 घोषणाकीतारीख /Date Of Pronouncement : 18-09-2024 आदेश / O R D E R

purchases and sales as made by the assessee were out of books or the assessee had other source of income which was not disclosed. In the absence of any such evidence, bald allegation could not be accepted. 4.4 Further, human probability test could not be applied in assessee’s case because it was a known fact that there was huge

ANS JEWELLERY,SALEM vs. DCIT, NON CORPORATE CIRCLE-1(1) , SALEM

In the result, both the appeals filed by the assessee are allowed

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.160 & 161/Chny/2024 िनधा"रण वष"/Assessment Year: 2020-21 & 2021-22 V. M/S.Ans Jewelry, The Dcit, 284, Omalur Main Road, Non-Corporate Circle-19(1), Swarnapuri, Salem. Salem-636 004. [Pan: Aahfa 8980 G] (अपीलाथ"/Appellant) (""यथ"/Respondent)

purchases and sell of gold jewels, diamond jewellery and silver articles. It had filed its return of income on 16.09.2020 for AY 2020-21 declaring taxable income of Rs.95,23,430/- (for AY 2021-22 assessee had declared ITA Nos.160 & 161/Chny/2024 (AY 2020-21 & 2021-22) M/s.ANS Jewelry :: 6 :: income of Rs.1,48,17,850/-). The AO noted that

ASSISTANT COMMISSIONER OF INCOME TAX, CUDDALORE vs. CHOLAJI KANNIYALAL, KAMARAJ STREET, VILLUPURAM

In the result, appeal filed by the revenue is dismissed and cross objection filed by the assessee is dismissed

Bench: Shri S.S. Viswanethra Ravi, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 1674/Chny/2024 & Co No.: 51/Chny/2024 िनधा"रणवष" / Assessment Year: 2017-18 Assistant Commissioner Of Cholaji Kanniyalal, Income Tax, V. No. 191, Kamaraj Street, Circle -1, Villupuram, Cuddalore – 607 002. Tamil Nadu – 605 602. [Pan: Aaepk-4555-E] (अपीलाथ"/Appellant) (Respondent/Cross Objector) Assessee By : Ms. Gouthami Manivasagam, Jcit Department By : Ms. Nidhi D. Jain, Ca सुनवाई की तारीख/Date Of Hearing : 02.09.2024 घोषणा की तारीख/Date Of Pronouncement : 28.11.2024

purchases are not supported by the quantitative details and the Ao did not make any enquiry on the material supplied by the assessee. Thus the AO neither brought any material on record to establish that the sale bills are bogus nor provided any evidence that such sales are bogus. It is also an open fact that the demonetization

MANIKANDAN SUBASH CHANDRA BOSE ,THIRUMANGALAM vs. THE INCOME TAX OFFICER, MADURAI

In the result, the appeal filed by the assessee is allowed

Bench: Shri Manu Kumar Giri, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 1452/Chny/2023 िनधा"रण वष" / Assessment Year: 2017-18 The Income Tax Officer, Manikandan Subash Chandra V. Non Corporate Ward 2(4), Bose, Madurai – 625 002. New No. 70 (Old 131), Big Bazaar Street, Thirumangalam – 625 706 [Pan: Abcpm-6497-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. B. Pratap, Ca ""यथ" क" ओर से/Respondent By : Shri. D. Hema Bhupal, Jcit सुनवाई क" तारीख/Date Of Hearing : 03.07.2024 घोषणा क" तारीख/Date Of Pronouncement : 11.09.2024 आदेश /O R D E R Per S. R. Raghunatha:

purchasing persons. There was already the Cash transaction restriction and by the time some bigger business could be transacted the Demonetization announcement came. This hurt the cash dealings completely. Meanwhile, monsoon failure also hampered the availability of the products. In the meanwhile, the business plan of the firm was also revisited. Demonetization together with monsoon failure caused difficulty in reviving