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

bogus expenses booked by the\nassessee and has added the same to the returned income in the\nrespective assessment years rather than making addition on the basis of\nany un disclosed asset found during the course of search\n6.3.26 In addition, the AO in the assessment order(s) has not\ncategorically made any addition(s) / disallowance(s) while computing\nthe

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

bogus expenses booked by the\nassessee and has added the same to the returned income in the\nrespective assessment years rather than making addition on the basis of\nany un disclosed asset found during the course of search\n6.3.26 In addition, the AO in the assessment order(s) has not\ncategorically made any addition(s) / disallowance(s) while computing\nthe

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

bogus expenses booked by the\nassessee and has added the same to the returned income in the\nrespective assessment years rather than making addition on the basis of\nany un disclosed asset found during the course of search\n6.3.26 In addition, the AO in the assessment order(s) has not\ncategorically made any addition(s) / disallowance(s) while computing\nthe

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

bogus expenses booked by the\nassessee and has added the same to the returned income in the\nrespective assessment years rather than making addition on the basis of\nany un disclosed asset found during the course of search\n6.3.26 In addition, the AO in the assessment order(s) has not\ncategorically made any addition(s) / disallowance(s) while computing\nthe

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

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

43,24,430 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

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

43,24,430 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

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

Section 145(3).\n6.2.30 The jurisdictional tribunal vide its order in ITA No\n366/Chny/2023 dated 09.08.2023 has upheld the decision of the\nCommissioner of Income Tax (Appeal) in rejecting the books of accounts\nin the case of M/s. Beach Mineraals Company. The ratio of the above\njudgments are squarely applicable to the facts of the Appellant's case

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

Section 145(3).\n6.2.30 The jurisdictional tribunal vide its order in ITA No\n366/Chny/2023 dated 09.08.2023 has upheld the decision of the\nCommissioner of Income Tax (Appeal) in rejecting the books of accounts\nin the case of M/s. Beach Mineraals Company. The ratio of the above\njudgments are squarely applicable to the facts of the Appellant's case

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

Section 145(3).\n6.2.30 The jurisdictional tribunal vide its order in ITA No\n366/Chny/2023 dated 09.08.2023 has upheld the decision of the\nCommissioner of Income Tax (Appeal) in rejecting the books of accounts\nin the case of M/s. Beach Mineraals Company. The ratio of the above\njudgments are squarely applicable to the facts of the Appellant's case

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

Section 145(3).\n6.2.30 The jurisdictional tribunal vide its order in ITA No\n366/Chny/2023 dated 09.08.2023 has upheld the decision of the\nCommissioner of Income Tax (Appeal) in rejecting the books of accounts\nin the case of M/s. Beach Mineraals Company. The ratio of the above\njudgments are squarely applicable to the facts of the Appellant's case

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

Section 145(3).\n\n6.2.30 The jurisdictional tribunal vide its order in ITA No\n366/Chny/2023 dated 09.08.2023 has upheld the decision of the\nCommissioner of Income Tax (Appeal) in rejecting the books of accounts\nin the case of M/s. Beach Mineraals Company. The ratio of the above\njudgments are squarely applicable to the facts of the Appellant's case

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

43,24,430/- was treated as bogus expenditure.\nThe income already disclosed in the return under section 148 of Rs.\n53,25,720/- was considered, and the remaining balance of Rs.\n3,89,98,710/- was brought to tax under section 37(1).\n45. The seized Excel sheet also reflected a cash transaction

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

43,24,430/- was treated as bogus expenditure.\nThe income already disclosed in the return under section 148 of Rs.\n53,25,720/- was considered, and the remaining balance of Rs.\n3,89,98,710/- was brought to tax under section 37(1).\n45. The seized Excel sheet also reflected a cash transaction

INTEGRATED SERVICE POINT LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-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

43,24,430/- was treated as bogus expenditure.\nThe income already disclosed in the return under section 148 of Rs.\n53,25,720/- was considered, and the remaining balance of Rs.\n3,89,98,710/- was brought to tax under section 37(1).\n45. The seized Excel sheet also reflected a cash transaction

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

43,24,430/- was treated as bogus expenditure.\nThe income already disclosed in the return under section 148 of Rs.\n53,25,720/- was considered, and the remaining balance of Rs.\n3,89,98,710/- was brought to tax under section 37(1).\n45. The seized Excel sheet also reflected a cash transaction

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

Section 153C.\nThe power to undertake such an assessment would stand confined to\nthose years to which the material may relate or is likely to influence.\nAbsent any material that may either cast a doubt on the estimation of\ntotal income for a particular year or years, the AO would not be justified\n:: 41 ::\nITA Nos.1254, 1255, 1258, 1260/Chny/2025