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

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

31,681/- respectively. It is noted that, a search action was\nconducted upon SNJ Group on 06-08-2019 and in connection with the\nsame, the business premises of M/s Crystal Bottles was also searched\nwhere incriminating material relating to the assessee was seized. On\nanalysis of the seized material found from the premises of M/s Crystal\nBottles

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

31,681/- respectively. It is noted that, a search action was\nconducted upon SNJ Group on 06-08-2019 and in connection with the\nsame, the business premises of M/s Crystal Bottles was also searched\nwhere incriminating material relating to the assessee was seized. On\nanalysis of the seized material found from the premises of M/s Crystal\nBottles

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

31,681/- respectively. It is noted that, a search action was\nconducted upon SNJ Group on 06-08-2019 and in connection with the\nsame, the business premises of M/s Crystal Bottles was also searched\nwhere incriminating material relating to the assessee was seized. On\nanalysis of the seized material found from the premises of M/s Crystal\nBottles

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

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

31,681/- respectively. It is noted that, a search action was\nconducted upon SNJ Group on 06-08-2019 and in connection with the\nsame, the business premises of M/s Crystal Bottles was also searched\nwhere incriminating material relating to the assessee was seized. On\nanalysis of the seized material found from the premises of M/s Crystal\nBottles

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

Bogus purchases Unexplained money u/S Nil 39,22,000 39,22,000 69A and unexplained 42,30,000 42,30,000 expenditure u/S 69C Income on account of 1,97,03,000 Nil 1,97,03,000 Palakol land sale Misc. income on sale of 11,12,270 81,230 11,93,500 scrap, car, candy and pulp Total 2

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

Bogus purchases Unexplained money u/S Nil 39,22,000 39,22,000 69A and unexplained 42,30,000 42,30,000 expenditure u/S 69C Income on account of 1,97,03,000 Nil 1,97,03,000 Palakol land sale Misc. income on sale of 11,12,270 81,230 11,93,500 scrap, car, candy and pulp Total 2

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

31 -:\nITA Nos.1881, 1882 & 1883/Chny/2025\nITA Nos.1874, 1876 & 1879/Chny/2025\nIntegrated Service Point Ltd.\n59. On the issue of non-compliance with the mandatory\nrequirements of section 65B of the Evidence Act, 1872, the Id. CIT(A),\nwhile appreciating the AO's observation that the transactions reflected\nin the seized Excel sheets had a clear nexus with the regularly\nmaintained books

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

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

2,99,09,844\nFY 2020-21\n22.10.2020 -1,57,98,625\n25.03.2021\n3,14,89,618\nFY 2021-22 08.07.2021 -89,45,699 05.07.2021 4,36,87,867\n71,12.682\nTotal 1,64,22,528 4,36,87,867\n71,12,682\n6,01,10,396\n41. Based on the submissions and computations made, the\nassessee submitted that

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

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

2,99,09,844\nFY 2020-21 22.10.2020 -1,57,98,625\n25.03.2021\n3,14,89,618\nFY 2021-22 08.07.2021 -89,45,699 05.07.2021 4,36,87,867\n71,12.682\nTotal 1,64,22,528 4,36,87,867\n71,12,682\n6,01,10,396\n41. Based on the submissions and computations made, the\nassessee submitted that

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/A

2 ::\nITA Nos.2978-2984/Chny/2024\n& Others (Assessee & Revenue)\n(AY 2016-17 to 2022-23)\nM/s. Radiance Realty Developers India Ltd.\n\nआदेश / ORDER\nPER ABY T. VARKEY, JM:\nThese cross appeals by the Revenue and the assessee arise out of\nthe orders of the Learned Commissioner of Income Tax (Appeals) - 19,\nChennai [ in short `Ld. CIT(A)'] all dated

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

31,13,06,763/- |\n\n8.2 Though the assessee in the return(s) of income filed in response to\nnotices u/s 148 of the Act is found to have, out of caution, admitted to\n15% of the bogus purchases by way of the profit element embedded\ntherein, but it contested the allegation of bogus purchases in its entirety\nlevelled

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

31,13,06,763/-\n\n8.2\nThough the assessee in the return(s) of income filed in response to\nnotices u/s 148 of the Act is found to have, out of caution, admitted to\n15% of the bogus purchases by way of the profit element embedded\ntherein, but it contested the allegation of bogus purchases in its entirety\nlevelled

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\n(अपीलार्थी/Appellant)\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

Bogus purchase as stated by you, I\nrequest you to provide me 15 days time to reconcile the same.\"\n\n4.6\nIn light of the above seized electronic material, depositions of the\nemployees, CFO, CEO & the Managing Director, the AO is noted to have\nreopened the income-tax assessments of the assessee by issue of notices\nu/s

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

Bogus purchase as stated by you, I\nrequest you to provide me 15 days time to reconcile the same.\"\n\n4.6\nIn light of the above seized electronic material, depositions of the\nemployees, CFO, CEO & the Managing Director, the AO is noted to have\nreopened the income-tax assessments of the assessee by issue of notices\nu/s

RADIANCE REALTY DEVELOPERS INDIA LIMITED,CHENNAI vs. DCIT CENTRAL CIRCLE 2(1), CHENNAI

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

Bogus purchase as stated by you, I\nrequest you to provide me 15 days time to reconcile the same.\"\n\n4.6 In light of the above seized electronic material, depositions of the\nemployees, CFO, CEO & the Managing Director, the AO is noted to have\nreopened the income-tax assessments of the assessee by issue of notices\nu/s

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

Bogus purchase as stated by you, I\nrequest you to provide me 15 days time to reconcile the same.\"\n\n4.6\nIn light of the above seized electronic material, depositions of the\nemployees, CFO, CEO & the Managing Director, the AO is noted to have\nreopened the income-tax assessments of the assessee by issue of notices\nu/s

RADIANCE REALTY DEVELOPERS INDIA LIMITED,CHENNAI vs. DCIT CENTRAL CIRCLE 2(1), CHENNAI

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

Bogus purchase as stated by you, I\nrequest you to provide me 15 days time to reconcile the same.\"\n\n4.6 In light of the above seized electronic material, depositions of the\nemployees, CFO, CEO & the Managing Director, the AO is noted to have\nreopened the income-tax assessments of the assessee by issue of notices\nu/s

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

2) to Section 153A of the Act, and therefore whether the AO\nhad validly initiated issued notice u/s 153C of the Act, in terms of fourth\nproviso to Section 153A of the Act. It is not in dispute that, the AYs 2014-\n15 & 2015-16 before us are unabated assessments. In the present case,\nsearch had been conducted upon