DCIT CC 2 2 , CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

In the result, both the both the appeals filed by the Revenue and the Revenue and the

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

e statute has prescribed one mode of computing the six years and another mode for computing the ten years. computing the six years and another mode for computing the ten years. computing the six years and another mode for computing the ten years. Section 153A(1)(b) states that the assessing officer shall assess or Section 153A(1)(b) states

DCIT CC 2 2 , CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

In the result, both the appeals filed by the Revenue and the\nassessee are dismissed

13. Thus, the information in the seized materials and other\nevidences available with the undersigned, unambiguously evidenced that\nthe assessee had booked bogus old bottle purchase expenses with the\nconnivance of the five old bottle vendors thereby generating\nunaccounted cash which clearly suggests that income represented in the\nform of asset has escaped assessment, and exceeds more than

SOUTHERN AGRIFURANE INDUSTRIES PVT. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2),, CHENNAI

In the result, both the appeals filed by the Revenue and the\nassessee are dismissed

13.\nThus, the information in the seized materials and other\nevidences available with the undersigned, unambiguously evidenced that\nthe assessee had booked bogus old bottle purchase expenses with the\nconnivance of the five old bottle vendors thereby generating\nunaccounted cash which clearly suggests that income represented in the\nform of asset has escaped assessment, and exceeds more than

DCIT CC 2 2 , CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

In the result, both the appeals filed by the Revenue and the\nassessee are dismissed

13.\nThus, the information in the seized materials and other\nevidences available with the undersigned, unambiguously evidenced that\nthe assessee had booked bogus old bottle purchase expenses with the\nconnivance of the five old bottle vendors thereby generating\nunaccounted cash which clearly suggests that income represented in the\nform of asset has escaped assessment, and exceeds more than

SOUTHERN AGRIFURANE INDUSTRIES PVT.. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2), CHENNAI

In the result, both the appeals filed by the Revenue and the\nassessee are dismissed

13.\nThus, the information in the seized materials and other\nevidences available with the undersigned, unambiguously evidenced that\nthe assessee had booked bogus old bottle purchase expenses with the\nconnivance of the five old bottle vendors thereby generating\nunaccounted cash which clearly suggests that income represented in the\nform of asset has escaped assessment, and exceeds more than

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2 (2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

13. Thus, the information in the seized materials and other\nevidences available with the undersigned, unambiguously evidenced that\nthe assessee had booked bogus old bottle purchase expenses with the\nconnivance of the five old bottle vendors thereby generating\nunaccounted cash which clearly suggests that income represented in the\nform of asset has escaped assessment, and exceeds more than

VELLORE INSTITUTE OF TECHNOLOGY,VELLORE vs. DCIT, CC IV(1), CHENNAI

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

bogus and therefore the question of limiting the disallowance to such amounts did not arise. According to him, assessee clearly lost the benefit of Section 11 of the Act. Submission of the ld. Departmental Representative was that even a small benefit ITA Nos2125 to 2128 :- 41 -: & 2219 to 2222 /2017 derived by the trustees was enough to deprive the trust

VELLORE INSTITUTE OF TECHNOLOGY,VELLORE vs. DCIT, CC IV(1), CHENNAI

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

bogus and therefore the question of limiting the disallowance to such amounts did not arise. According to him, assessee clearly lost the benefit of Section 11 of the Act. Submission of the ld. Departmental Representative was that even a small benefit ITA Nos2125 to 2128 :- 41 -: & 2219 to 2222 /2017 derived by the trustees was enough to deprive the trust

DCIT, CENTRAL CIRCLE 1(1), CHENNAI vs. VELLORE INSTITUTE OF TECHNOLOGY, VELLORE

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

bogus and therefore the question of limiting the disallowance to such amounts did not arise. According to him, assessee clearly lost the benefit of Section 11 of the Act. Submission of the ld. Departmental Representative was that even a small benefit ITA Nos2125 to 2128 :- 41 -: & 2219 to 2222 /2017 derived by the trustees was enough to deprive the trust

DCIT, CENTRAL CIRCLE 1(1), CHENNAI vs. VELLORE INSTITUTE OF TECHNOLOGY, VELLORE

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

bogus and therefore the question of limiting the disallowance to such amounts did not arise. According to him, assessee clearly lost the benefit of Section 11 of the Act. Submission of the ld. Departmental Representative was that even a small benefit ITA Nos2125 to 2128 :- 41 -: & 2219 to 2222 /2017 derived by the trustees was enough to deprive the trust

SOUTHERN AGRIFURANE INDUSTRIES PVT. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2), CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

1 to 66. It is noted that, this excel file excel file comprised of five(5) Sheets which comprised of data relating to purchase which comprised of data relating to purchase which comprised of data relating to purchase of old bottles for three-month period in the year 2020 month period in the year 2020. The AO is noted

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

1 to 66. It is noted that, this excel file excel file comprised of five(5) Sheets which comprised of data relating to purchase which comprised of data relating to purchase which comprised of data relating to purchase of old bottles for three-month period in the year 2020 month period in the year 2020. The AO is noted

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

1 to 66. It is noted that, this excel file excel file comprised of five(5) Sheets which comprised of data relating to purchase which comprised of data relating to purchase which comprised of data relating to purchase of old bottles for three-month period in the year 2020 month period in the year 2020. The AO is noted

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

1 to 66. It is noted that, this excel file excel file comprised of five(5) Sheets which comprised of data relating to purchase which comprised of data relating to purchase which comprised of data relating to purchase of old bottles for three-month period in the year 2020 month period in the year 2020. The AO is noted

SOUTHERN AGRIFURANE INDUSTRIES PVT. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2),, CHENNAI

In the result, both the both the appeals filed by the Revenue and the Revenue and the

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

Section 153C of the Act fro analyzed the entire statutory framework of Section 153C of the Act fro analyzed the entire statutory framework of Section 153C of the Act from its introduction to the amendment by Finance Act, 2017 and its its introduction to the amendment by Finance Act, 2017 and its its introduction to the amendment by Finance

DCIT CC 2 2 , CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

In the result, both the both the appeals filed by the Revenue and the Revenue and the

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

Section 153C of the Act fro analyzed the entire statutory framework of Section 153C of the Act fro analyzed the entire statutory framework of Section 153C of the Act from its introduction to the amendment by Finance Act, 2017 and its its introduction to the amendment by Finance Act, 2017 and its its introduction to the amendment by Finance

INTEGRATED SERVICE POINT LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(4), CHENNAI

Accordingly, the assessee’s appeals in ITA Nos. 1881, 1882, and 1883/Chny/2025 for A.Ys. 2016-17, 2019-20, and 2022-23 are allowed

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon’Ble Jagadishआयकर अपील सं./ Ita Nos.1881, 1882 & 1883/Chny/2025 िनधा;रण वष; /Assessment Years: 2016-17, 2019-20 & 2022-23

E R PER BENCH: These appeals are filed both by the Revenue and the Assessee against the orders of the Commissioner of Income-tax (Appeals), Chennai-19 for the assessment years 2016-17, 2019-20 both dated 11.04.2025 and 2022-23 dated 25.04.2025. The Order u/S 250 in the case of the appellant company was passed in all these three

ACIT, CHENNAI vs. INTEGRATED SERVICE POINT LIMITED, ANNA NAGAR

Accordingly, the assessee’s appeals in ITA Nos. 1881, 1882, and 1883/Chny/2025 for A.Ys. 2016-17, 2019-20, and 2022-23 are allowed

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon’Ble Jagadishआयकर अपील सं./ Ita Nos.1881, 1882 & 1883/Chny/2025 िनधा;रण वष; /Assessment Years: 2016-17, 2019-20 & 2022-23

E R PER BENCH: These appeals are filed both by the Revenue and the Assessee against the orders of the Commissioner of Income-tax (Appeals), Chennai-19 for the assessment years 2016-17, 2019-20 both dated 11.04.2025 and 2022-23 dated 25.04.2025. The Order u/S 250 in the case of the appellant company was passed in all these three