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

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon'Ble Jagadishआयकर अपील सं./ Ita Nos.1881, 1882 & 1883/Chny/2025 निर्धारण वर्ष / Assessment Years: 2016-17, 2019-20 & 2022-23 Integrated Service Point Ltd., (Formerly Integrated Service Point Vs. Income Tax, Pvt. Ltd.,) The Dy./Asst. Commissioner Of Central Circle-2(4), 6C, 6Th Floor, Gaiety Palace I/L, Blackers Road, Anna Road H.O., Chennai - 600 002. Pan: Aaaci 9527P Chennai. (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) आयकर अपील सं./ Ita Nos.1874, 1876 & 1879/Chny/2025 निर्धारण वर्ष / Assessment Years: 2016-17, 2019-20 & 2022-23 The Dy./Asst. Commissioner Of Integrated Service Point Ltd., Income Tax, Central Circle-2(4), Chennai. (Formerly Integrated Service Point Vs. Pvt. Ltd.,) 6C, 6Th Floor, Gaiety Palace I/L, Blackers Road, Anna Road H.O., Chennai - 600 002. Pan: Aaaci 9527P (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Mr. Y. Sridhar, Fca प्रत्यर्थी की ओर से /Revenue By Mr. Bipin C.N, Cit सुनवाई की तारीख/Date Of Hearing घोषणा की तारीख / Date Of Pronouncement 13.10.2025 30.12.2025 - : 2 -:

bogus purchases amounting to Rs. 3,02,02,100/- and Rs.4,43,24,430/- respectively under section 37, the addition of unexplained money of Rs.39,22,000/- under section 69A, the addition of unexplained expenditure of Rs.42,30,000/- under section 69C

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 amounting to Rs. 3,02,02,100/- and Rs. 4,43,24,430/- respectively under section 37, the addition of unexplained money of Rs. 39,22,000/- under section 69A, the addition of unexplained expenditure of Rs. 42,30,000/- under section 69C

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 amounting to Rs. 3,02,02,100/- and Rs. 4,43,24,430/- respectively under section 37, the addition of unexplained money of Rs. 39,22,000/- under section 69A, the addition of unexplained expenditure of Rs. 42,30,000/- under section 69C

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

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon'Ble Jagadishआयकर अपील सं./ Ita Nos.1881, 1882 & 1883/Chny/2025 निर्धारण वर्ष / Assessment Years: 2016-17, 2019-20 & 2022-23 Integrated Service Point Ltd., (Formerly Integrated Service Point Vs. Income Tax, Pvt. Ltd.,) The Dy./Asst. Commissioner Of Central Circle-2(4), 6C, 6Th Floor, Gaiety Palace I/L, Blackers Road, Anna Road H.O., Chennai - 600 002. Chennai. Pan: Aaaci 9527P (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) आयकर अपील सं./ Ita Nos.1874, 1876 & 1879/Chny/2025 निर्धारण वर्ष / Assessment Years: 2016-17, 2019-20 & 2022-23 The Dy./Asst. Commissioner Of Income Tax, Central Circle-2(4), Chennai. Integrated Service Point Ltd., (Formerly Integrated Service Point Vs. Pvt. Ltd.,) 6C, 6Th Floor, Gaiety Palace I/L, Blackers Road, Anna Road H.O., Chennai - 600 002. Pan: Aaaci 9527P (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Mr. Y. Sridhar, Fca प्रत्यर्थी की ओर से /Revenue By : Mr. Bipin C.N, Cit सुनवाई की तारीख/Date Of Hearing : 13.10.2025 घोषण की तारीख / Date Of Pronouncement : 30.12.2025 :- 2 -:

bogus purchases: Rs.4,43,24,430/- c. Unexplained money under section 69A: Rs.39,22,000/- on account of amounts received from Shri B.S. Prasad d. Unexplained expenditure under section 69C

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

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon'Ble Jagadishआयकर अपील सं./ Ita Nos.1881, 1882 & 1883/Chny/2025 निर्धारण वर्ष / Assessment Years: 2016-17, 2019-20 & 2022-23 Integrated Service Point Ltd., (Formerly Integrated Service Point Vs. Pvt. Ltd.,) The Dy./Asst. Commissioner Of Income Tax, Central Circle-2(4), Chennai. 6C, 6Th Floor, Gaiety Palace I/L, Blackers Road, Anna Road H.O., Chennai - 600 002. Pan: Aaaci 9527P (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) आयकर अपील सं./ Ita Nos.1874, 1876 & 1879/Chny/2025 निर्धारण वर्ष / Assessment Years: 2016-17, 2019-20 & 2022-23 The Dy./Asst. Commissioner Of Income Tax, Central Circle-2(4), Chennai. Integrated Service Point Ltd., (Formerly Integrated Service Point Pvt. Ltd.,) Vs. 6C, 6Th Floor, Gaiety Palace I/L, Blackers Road, Anna Road H.O., Chennai - 600 002. Pan: Aaaci 9527P (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Mr. Y. Sridhar, Fca प्रत्यर्थी की ओर से /Revenue By : Mr. Bipin C.N, Cit सुनवाई की तारीख/Date Of Hearing घोषण की तारीख / Date Of Pronouncement : 13.10.2025 : 30.12.2025 :- 2 -:

bogus purchases: Rs.4,43,24,430/- c. Unexplained money under section 69A: Rs.39,22,000/- on account of amounts received from Shri B.S. Prasad d. Unexplained expenditure under section 69C

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2, TRICHY, INCOME TAX OFFICE, TRICHY vs. RAMASAMY SIVAPRAKASAM, KARUR

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

bogus purchases. The Ld. AR submitted that decision of Hon’ble Bombay High Court in the case of PCIT v. Kanak (Impex) Ltd. (supra) referred by the Ld. DR has no application as the said judgment was rendered in the context of applicability of Section 69C

DEPUTY COMMISSIONER OF INCOME TAX, INCOME TAX OFFICE, TRICHY vs. RAMASAMY SIVAPRAKASAM, KARUR

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

bogus purchases. The Ld. AR submitted that decision of Hon’ble Bombay High Court in the case of PCIT v. Kanak (Impex) Ltd. (supra) referred by the Ld. DR has no application as the said judgment was rendered in the context of applicability of Section 69C

INCOME TAX OFFICER CORPORATE WARD-2(1), CHENNAI vs. MS. GCKC PROJECTS AND WORKS PVT LTD, CHENNAI

In the result, the appeal of the Revenue is dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri Amitabh Shuklaआयकर अपील सं./I.T.A. No.1267/Chny/2023 िनधा"रण वष"/Assessment Year: 2016-17

bogus purchases under section 69C of the Act and the same was challenged before the ld. CIT(A). We note

ASSISTANT COMMISSIONER OF INCOME TAX, MADURAI vs. JAYARAJ JAISON, TIRUNELVELI

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunathaआयकर अपील सं./Ita No.:2512/Chny/2024 िनधा"रण वष" / Assessment Year: 2020-21 The Assistant Commissioner Of Jayaraj Jaison, Income Tax, Vs. No.9/10, Prop: Jaison Bkery, Central Circle -2, Madurai. Kavalkinaru, Tirunelveli – 625 002. (अपीलाथ"/Appellant) [Pan:Akgpj-2821-E] (""थ"/Respondent) अपीलाथ" की ओर से/Appellant By : Ms. Gouthami Manivasagam, J.C.I.T. ""थ" की ओर से/Respondent By : Shri. R. Venkata Raman,C.A. सुनवाई की तारीख/Date Of Hearing : 02.07.2025 घोषणा की तारीख/Date Of Pronouncement : 17.07.2025 आदेश /O R D E R Per S. R. Raghunatha, Am: This Appeal Is Preferred By The Revenue Against The Order Dated 30.07.2024 Passed By The Ld. Commissioner Of Income Tax (Appeals)-19, Chennai (‘Ld.Cit(A)’ In Short), Arising Out Of The Assessment Order Dated 30.09.2022 Passed U/S.143(3) Of The Income Tax Act, 1961 (‘The Act’ In Short) By The Assistant Commissioner Of Income Tax, Central Circle - 2, Madurai (‘Ao’ In Short), For The Assessment Year (‘Ay’ In Short) 2020-21. 2. The Revenue Has Raised The Following Grounds Of Appeal:

69C of the Act. When the assessee has admitted the expenditure as income in return of income filed there exists no case for the AO to tax the same amount once again as unexplained investment / expense. The AO attempted to tax the same income twice. As per the legal maxim for the principle that the same income or amount should

ARIHANT RETAIL PVT. LTD.,,CHENNAI vs. PCIT-1,, CHENNAI

In the result the appeal of the assessee is allowed

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 1308/Chny/2024 िनधा"रण वष" / Assessment Year: 2018-19 Arihant Retail Private Limited, Principal Commissioner Of 29, Namachivaya Chetty Street, V. Income Tax -1, Old Washermanpet, Chennai – 600 034. Chennai – 600 021. [Pan: Aaics-3648-F] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. T. Banusekar, Advocate अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri. Nilay Baran Som, Cit सुनवाई क" तारीख/Date Of Hearing : 07.08.2024 घोषणा क" तारीख/Date Of Pronouncement : 09.10.2024

bogus, and it had been stated that the entire amount of Rs.102,43,73,377/- could not be disallowed, hence to protect the interest of revenue, a moderate disallowance of business purchases the extent of 10% i.e., Rs.10,24,37,338/- was treated as unexplained expenditure u/s 69C of the I.T. Act. 3.2 As per Section

V SATHYAMOORTHY&CO,ERODE vs. DCIT, CENTRAL CIRCLE -2, COIMBATORE

The appeal stands partly allowed in terms of our above order

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं. / Ita No.1023/Chny/2024 (िनधा*रण वष* / Assessment Year: 2019-20) M/S. V. Sathyamoorthy & Co. Dcit बनाम/ 41, Patel Road, Central Circle-2 Vs. Near Blood Bank, Erode-638 001. Coimbatore. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aacfv-0222-D (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" की ओर से/ Assessee By : Shri S. Sridhar (Advocate)- Ld.Ar " थ" की ओर से/Revenue By : Shri R. Clement Ramesh Kumar (Cit)-Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 29-07-2024 घोषणाकीतारीख /Date Of Pronouncement : 09-10-2024 आदेश / O R D E R

Section 69C of the Act was not satisfied in the present case thereby vitiating the disputed addition. 21. The CIT (Appeals) - 20, Chennai failed to appreciate that the excel sheet relied upon by the Assessing Officer should not be construed as 'incriminating seized material' and further ought to have appreciated that the contents of the seized material reflecting the actual

A.VIJAYALAKSHMI,COIMBATORE vs. DCIT, COIMBATORE

In the result, the appeals of the assessees for the impugned

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

bogus purchases in APC Papers and Boards India Pvt. Ltd On money paid on account of the 2011-12 1,10,00,000 purchase of property at 100 feet road, Coimbatore ITA Nos. 1852 to 1866 & 2062 :- 5 -: to 2063/Mds/16 On money payment for the 2011-12 17,50,000 purchase of Tatabad property On money payment

A.VIJAYALAKSHMI,COIMBATORE vs. DCIT, COIMBATORE

In the result, the appeals of the assessees for the impugned

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

bogus purchases in APC Papers and Boards India Pvt. Ltd On money paid on account of the 2011-12 1,10,00,000 purchase of property at 100 feet road, Coimbatore ITA Nos. 1852 to 1866 & 2062 :- 5 -: to 2063/Mds/16 On money payment for the 2011-12 17,50,000 purchase of Tatabad property On money payment

P.SAVITHRI,COIMBATORE vs. DCIT, COIMBATORE

In the result, the appeals of the assessees for the impugned

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

bogus purchases in APC Papers and Boards India Pvt. Ltd On money paid on account of the 2011-12 1,10,00,000 purchase of property at 100 feet road, Coimbatore ITA Nos. 1852 to 1866 & 2062 :- 5 -: to 2063/Mds/16 On money payment for the 2011-12 17,50,000 purchase of Tatabad property On money payment

A.VIJAYALAKSHMI,COIMBATORE vs. DCIT, COIMBATORE

In the result, the appeals of the assessees for the impugned

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

bogus purchases in APC Papers and Boards India Pvt. Ltd On money paid on account of the 2011-12 1,10,00,000 purchase of property at 100 feet road, Coimbatore ITA Nos. 1852 to 1866 & 2062 :- 5 -: to 2063/Mds/16 On money payment for the 2011-12 17,50,000 purchase of Tatabad property On money payment

ANAND PALANISAMI,COIMBATORE vs. DCIT, COIMBATORE

In the result, the appeals of the assessees for the impugned

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

bogus purchases in APC Papers and Boards India Pvt. Ltd On money paid on account of the 2011-12 1,10,00,000 purchase of property at 100 feet road, Coimbatore ITA Nos. 1852 to 1866 & 2062 :- 5 -: to 2063/Mds/16 On money payment for the 2011-12 17,50,000 purchase of Tatabad property On money payment

P.SAVITHRI,COIMBATORE vs. DCIT, COIMBATORE

In the result, the appeals of the assessees for the impugned

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

bogus purchases in APC Papers and Boards India Pvt. Ltd On money paid on account of the 2011-12 1,10,00,000 purchase of property at 100 feet road, Coimbatore ITA Nos. 1852 to 1866 & 2062 :- 5 -: to 2063/Mds/16 On money payment for the 2011-12 17,50,000 purchase of Tatabad property On money payment

A.VIJAYALAKSHMI,COIMBATORE vs. DCIT, COIMBATORE

In the result, the appeals of the assessees for the impugned

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

bogus purchases in APC Papers and Boards India Pvt. Ltd On money paid on account of the 2011-12 1,10,00,000 purchase of property at 100 feet road, Coimbatore ITA Nos. 1852 to 1866 & 2062 :- 5 -: to 2063/Mds/16 On money payment for the 2011-12 17,50,000 purchase of Tatabad property On money payment

P.SAVITHRI,COIMBATORE vs. DCIT, COIMBATORE

In the result, the appeals of the assessees for the impugned

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

bogus purchases in APC Papers and Boards India Pvt. Ltd On money paid on account of the 2011-12 1,10,00,000 purchase of property at 100 feet road, Coimbatore ITA Nos. 1852 to 1866 & 2062 :- 5 -: to 2063/Mds/16 On money payment for the 2011-12 17,50,000 purchase of Tatabad property On money payment