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

purchases is bogus,\nbut it is crucial to note that, the search team had failed to unearth\ncorresponding value of unaccounted asset or unexplained investment

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

purchases is bogus,\nbut it is crucial to note that, the search team had failed to unearth\ncorresponding value of unaccounted asset or unexplained investment

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

purchases is bogus,\nbut it is crucial to note that, the search team had failed to unearth\ncorresponding value of unaccounted asset or unexplained investment

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

purchases is bogus,\nbut it is crucial to note that, the search team had failed to unearth\ncorresponding value of unaccounted asset or unexplained investment

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

unexplained expenditure of Rs. 42,30,000/- under section 69C, and the minor addition of Rs.81,230/-, all of which were made in the assessment order. 77. Simultaneously, the assessee also preferred an appeal, raising a solitary ground that the enhancement of estimated income on the alleged bogus purchases from 12% to 20% by the ld. CIT(A) was without

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

unexplained expenditure of Rs. 42,30,000/- under section 69C, and the minor addition of Rs.81,230/-, all of which were made in the assessment order. 77. Simultaneously, the assessee also preferred an appeal, raising a solitary ground that the enhancement of estimated income on the alleged bogus purchases from 12% to 20% by the ld. CIT(A) was without

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

unexplained expenditure of Rs.42,30,000/- under\nsection 69C, and the minor addition of Rs.81,230/-, all of which were\nmade in the assessment order.\n77. Simultaneously, the assessee also preferred an appeal, raising a\nsolitary ground that the enhancement of estimated income on the\nalleged bogus purchases from 12% to 20% by the Id. CIT(A) was\nwithout

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

unexplained expenditure of Rs.42,30,000/- under\nsection 69C, and the minor addition of Rs.81,230/-, all of which were\nmade in the assessment order.\n77. Simultaneously, the assessee also preferred an appeal, raising a\nsolitary ground that the enhancement of estimated income on the\nalleged bogus purchases from 12% to 20% by the Id. CIT(A) was\nwithout

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

unexplained expenditure of Rs.42,30,000/- under\nsection 69C, and the minor addition of Rs.81,230/-, all of which were\nmade in the assessment order.\n77. Simultaneously, the assessee also preferred an appeal, raising a\nsolitary ground that the enhancement of estimated income on the\nalleged bogus purchases from 12% to 20% by the Id. CIT(A) was\nwithout

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

unexplained expenditure of Rs.42,30,000/- under\nsection 69C, and the minor addition of Rs.81,230/-, all of which were\nmade in the assessment order.\n77. Simultaneously, the assessee also preferred an appeal, raising a\nsolitary ground that the enhancement of estimated income on the\nalleged bogus purchases from 12% to 20% by the Id. CIT(A) was\nwithout

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

bogus) credits as unexplained cash credits u/s.68 of the Act and assess to tax. 6.1.17 Thus, non-genuine or unexplained cash credits means the liabilities claimed in the books of account, by way of creating credit entries in the 22 I.TA. Nos.2406 to 2411 & 2825/Chny/2019 names of various person (either existing or fictitious), with the aim of explaining and matching

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

bogus) credits as unexplained cash credits u/s.68 of the Act and assess to tax. 6.1.17 Thus, non-genuine or unexplained cash credits means the liabilities claimed in the books of account, by way of creating credit entries in the 22 I.TA. Nos.2406 to 2411 & 2825/Chny/2019 names of various person (either existing or fictitious), with the aim of explaining and matching

ITO, NCW - I (4),, CHENNAI vs. SHRI KANAKILLIYANALLUR NARAYANAN NEHRU,, CHENNAI

In the result, appeal filed by the Revenue for Asst

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

bogus) credits as unexplained cash credits u/s.68 of the Act and assess to tax. 6.1.17 Thus, non-genuine or unexplained cash credits means the liabilities claimed in the books of account, by way of creating credit entries in the 22 I.TA. Nos.2406 to 2411 & 2825/Chny/2019 names of various person (either existing or fictitious), with the aim of explaining and matching

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

bogus) credits as unexplained cash credits u/s.68 of the Act and assess to tax. 6.1.17 Thus, non-genuine or unexplained cash credits means the liabilities claimed in the books of account, by way of creating credit entries in the 22 I.TA. Nos.2406 to 2411 & 2825/Chny/2019 names of various person (either existing or fictitious), with the aim of explaining and matching

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

bogus) credits as unexplained cash credits u/s.68 of the Act and assess to tax. 6.1.17 Thus, non-genuine or unexplained cash credits means the liabilities claimed in the books of account, by way of creating credit entries in the 22 I.TA. Nos.2406 to 2411 & 2825/Chny/2019 names of various person (either existing or fictitious), with the aim of explaining and matching

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

bogus) credits as unexplained cash credits u/s.68 of the Act and assess to tax. 6.1.17 Thus, non-genuine or unexplained cash credits means the liabilities claimed in the books of account, by way of creating credit entries in the 22 I.TA. Nos.2406 to 2411 & 2825/Chny/2019 names of various person (either existing or fictitious), with the aim of explaining and matching

DCIT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. SHRI KANAKKILIANALLUR NARAYANA REDDIYAR MANIVANNAN,, TIRUPUR

In the result, appeal filed by the Revenue for Asst

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

bogus) credits as unexplained cash credits u/s.68 of the Act and assess to tax. 6.1.17 Thus, non-genuine or unexplained cash credits means the liabilities claimed in the books of account, by way of creating credit entries in the 22 I.TA. Nos.2406 to 2411 & 2825/Chny/2019 names of various person (either existing or fictitious), with the aim of explaining and matching

R.SRINIVASAN,CHENNAI vs. DCIT CENTRAL CIRCLE 1, COIMBATORE

In the result, appeal filed by assessee is partly allowed

Bench: Shri V.Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.No.1466/Chny/2018 ("नधा"रणवष" / Assessment Year: 1996-97) Mr.R.Srinivasan Vs The Deputy Commissioner Of 103, Ashok Nagar Main Road Income Tax, Kodambakkam, Corporate Circle-I(2) Chennai-600 024. Chennai. Pan : Aaips 8386H (अपीलाथ"/Appellant) (""यथ"/Respondent)

unexplained investment being the credits appearing in various benami accounts assessed in the hands of the appellant for the relevant previous year on protective basis. As explained earlier, TNIC was the agency through which the Tamilnadu Government was implementing a 24 welfare scheme for free distribution of sarees, dothis and school uniform to the poor and needy. The appellant