SAMARJIT SINGH CHABRA,CHENNAI vs. ITO NON CORPORATE WARD 14(1), CHENNAI

In the result, all the appeals filed by the assessee in ITA No

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.1623, 1624, 1625 & 1646/Chny/2018 िनधा"रण वष"/Assessment Years: 2007-08, 2009-10, 2010-11 & 2008-09 & W.T.A. Nos. 43 & 44/Chny/2018 Assessment Years: 2007-08, 2008-09 Shri Samarijit Singh Chabra, Vs. The Income Tax Officer/ No. K-10, Sangath Apartments, Wealth Tax Officer, Mgr Nagar, Velachery, Non Corporate Ward – 14(1), Chennai 600 042. Chennai. [Pan: Bfops1703Q] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri N. Arjun Raj, Advocate ""थ" की ओर से/Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 08.05.2024 घोषणा की तारीख /Date Of Pronouncement : 31.07.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: These Four Income Tax Appeals Filed By The Assessee Are Directed Against Different Orders All Dated 26.02.2018 Passed By The Ld. Commissioner Of Income Tax (Appeals) 14, Chennai For The Assessment Years 2007-08, 2009-10, 2010-11 & 2008-09. 2. Since, Issues Raised In All The Appeals Are Similar Based On The Same Identical Facts, With The Consent Of The Both The Parties, We Proceed

104. We note that the assessee claimed purchase of flat at Ram Nagar, Madipakkam for a consideration of ₹.49,95,000/-. In response to the notice of the Assessing Officer, the assessee explained the source for purchase of the above flat as bank loan of ₹.32.5 lakhs from Reliance Capital and balance of ₹.17,45,000/- by cash

SAMARJIT SINGH CHABRA,CHENNAI vs. ITO NON CORPORATE WARD 14(1), CHENNAI

In the result, all the appeals filed by the assessee in ITA No

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.1623, 1624, 1625 & 1646/Chny/2018 िनधा"रण वष"/Assessment Years: 2007-08, 2009-10, 2010-11 & 2008-09 & W.T.A. Nos. 43 & 44/Chny/2018 Assessment Years: 2007-08, 2008-09 Shri Samarijit Singh Chabra, Vs. The Income Tax Officer/ No. K-10, Sangath Apartments, Wealth Tax Officer, Mgr Nagar, Velachery, Non Corporate Ward – 14(1), Chennai 600 042. Chennai. [Pan: Bfops1703Q] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri N. Arjun Raj, Advocate ""थ" की ओर से/Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 08.05.2024 घोषणा की तारीख /Date Of Pronouncement : 31.07.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: These Four Income Tax Appeals Filed By The Assessee Are Directed Against Different Orders All Dated 26.02.2018 Passed By The Ld. Commissioner Of Income Tax (Appeals) 14, Chennai For The Assessment Years 2007-08, 2009-10, 2010-11 & 2008-09. 2. Since, Issues Raised In All The Appeals Are Similar Based On The Same Identical Facts, With The Consent Of The Both The Parties, We Proceed

104. We note that the assessee claimed purchase of flat at Ram Nagar, Madipakkam for a consideration of ₹.49,95,000/-. In response to the notice of the Assessing Officer, the assessee explained the source for purchase of the above flat as bank loan of ₹.32.5 lakhs from Reliance Capital and balance of ₹.17,45,000/- by cash

SAMARJIT SINGH CHABRA,CHENNAI vs. ITO NON CORPORATE WARD 14(1), CHENNAI

In the result, all the appeals filed by the assessee in ITA No

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.1623, 1624, 1625 & 1646/Chny/2018 िनधा"रण वष"/Assessment Years: 2007-08, 2009-10, 2010-11 & 2008-09 & W.T.A. Nos. 43 & 44/Chny/2018 Assessment Years: 2007-08, 2008-09 Shri Samarijit Singh Chabra, Vs. The Income Tax Officer/ No. K-10, Sangath Apartments, Wealth Tax Officer, Mgr Nagar, Velachery, Non Corporate Ward – 14(1), Chennai 600 042. Chennai. [Pan: Bfops1703Q] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri N. Arjun Raj, Advocate ""थ" की ओर से/Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 08.05.2024 घोषणा की तारीख /Date Of Pronouncement : 31.07.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: These Four Income Tax Appeals Filed By The Assessee Are Directed Against Different Orders All Dated 26.02.2018 Passed By The Ld. Commissioner Of Income Tax (Appeals) 14, Chennai For The Assessment Years 2007-08, 2009-10, 2010-11 & 2008-09. 2. Since, Issues Raised In All The Appeals Are Similar Based On The Same Identical Facts, With The Consent Of The Both The Parties, We Proceed

104. We note that the assessee claimed purchase of flat at Ram Nagar, Madipakkam for a consideration of ₹.49,95,000/-. In response to the notice of the Assessing Officer, the assessee explained the source for purchase of the above flat as bank loan of ₹.32.5 lakhs from Reliance Capital and balance of ₹.17,45,000/- by cash

ITO, INTERNATIONAL TAXATION WARD1(2), CHENNAI vs. RAJAMANICKAM ARULSELVAN, CHENNAI

In the result, the appeal filed by the Revenue and the Cross

Bench: Shri Manjunatha. G & Shri Manomohan Dasआयकर अपील सं./I.T.A. No.479/Chny/2023 िनधा"रण वष"/Assessment Year: 2013-14 & C.O. No. 44/Chny/2023 [In I.T.A. No. 479/Chny/2023] The Income Tax Officer, Vs. Shri Rajamanickam Arulselvan, 65, Defence Officer Colony, 2Nd International Taxation Ward 1(2), Bsnl Building Tower-1, 4Th Floor, Avenue, 6Th Cross Street, Guindy, Greams Road, Thousand Light, Guindy Industrial Estate S.O., Chennai 600 006. Chennai 600 032. [Pan:Aappa2346C] (अपीलाथ"/Appellant) (""थ"/Respondent/Cross Objector) Department By : Shri P. Sajit Kumar, Jcit Assessee By : Shri N.V. Balaji, Advocate सुनवाई की तारीख/ Date Of Hearing : 03.01.2024 घोषणा की तारीख /Date Of Pronouncement : 01.04.2024 आदेश /O R D E R Per Manjunatha, G.: This Appeal Filed By The Revenue Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals)-16, Chennai, Dated 22.02.2023 Passed In Ita No. 10039/Cit(A)-16/2012-2013 Relevant To The Assessment Year 2013-14. The Revenue Has Raised Following Grounds: 1. That The Order Of The Ld. Cit(A) Is Erroneous On The Facts, The Merits Of The Case & Provisions Of Law As Well & Hence Unsustainable. 2. That The Ld. Cit(A) Erred In Failing To Appreciate That When The Assessee Had Applied For Conversion Of The Vacant Land Into A Plotted

section 45(3) of the Act. When the land was transferred on 06.04.2012 by way of capital contribution to the partnership firm by the assessee, the said land was an agricultural land and further, the impugned land was used for agricultural purposes. The ld. CIT(A), after considering relevant facts, rightly deleted the addition made by the Assessing Officer towards

RAMASUBRAMANIAM SRIDHAR PAUL,CHENNAI vs. ITO NON CORP WARD 19(7), CHENNAI

The appeal stands allowed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.973/Chny/2023 (िनधा*रण वष* / Assessment Year: 2015-16) Shri Ramasubramaniam Sridhar Paul Ito बनाम 334/45B, B-Block, Flat 201-202 Urban Ville Non-Corporate Ward-19(7) Velachery Main Road, Chennai. / Vs. Velachery, Chennai-600 042. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Anwps-2829-L (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Ms. Hema Muralikrishnan (Advocate) - Ld.Ar " थ"कीओरसे/Respondent By : Shri D. Hema Bhupal (Jcit)- Ld. Sr. Dr सुनवाईकीतारीख/Date Of Final Hearing : 06-03-2024 घोषणाकीतारीख /Date Of Pronouncement : 13-03-2024 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2015-16 Arises Out Of The Order Of Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi [Cit(A)] Dated 10-08-2023 In The Matter Of An Assessment Framed By Ld. Assessing Officer [Ao] U/S. 143(3) R.W.S 147 Of The Act On 08-12-2019. The Grounds Taken By The Assessee Are As Under: -

section (1) of Sec.54F of the Act. 3.The CIT(A) failed to understand that Sec.54F does not mandate that the very sum deposited in capital gains account should be invested in purchase or construction of any property within the stipulated time. All that Sec.54F stipulates is that the assessee should purchase or construct a residential property within the stipulated time

INCOME TAX OFFICER, INTERNATIONAL TAXATION WARD-1(1), CHENNAI, CHENNAI vs. RAJAMANICKAM GAUTAMAN, CHENNAI

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

Bench: Shri George George K & Shri Jagadishआयकर अपील सं./Ita No.: 2753/Chny/2024 िनधा"रण वष"/Assessment Year: 2013-14 The Income Tax Officer, Shri Rajamanickam Gautam, International Taxation Ward-1(1), Vs. No.65, Old No.46, Chennai. Defence Colony, Nandambakkam, Chennai – 600 032. Pan: Apgpg 6055G (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Ms. Anitha, Addl. Cit ""यथ" क" ओर से/Respondent By : Shri N.V. Krishnan, Advocate सुनवाई क" तारीख/Date Of Hearing : 07.05.2025 घोषणा क" तारीख/Date Of Pronouncement : 19.05.2025

section 45(3) of the Act. When the land was transferred on 06.04.2012 by way of capital contribution to the partnership firm by the assessee, the said land was an agricultural land and further, the impugned land was used for agricultural purposes. The ld. CIT(A), after considering relevant facts, rightly deleted the addition made by the Assessing Officer towards

ANDIMUTHU RAJA,PERAMBALUR vs. ACIT, CIRCLE 1(1), TIRUCHIRAPALLI

The appeals stand allowed

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.261/Chny/2024 (िनधा*रणवष* / Assessment Year: 2006-07) & 2. आयकरअपील सं./ Ita No.262/Chny/2024 (िनधा*रणवष* / Assessment Year: 2010-11) Shri Andimuthu Raja Acit बनाम/ 3/127, Ambedkar Street, Velur Post Circle-1(1) Vs. Perambalur-621 104. Tiruchirapalli. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adtpr-2755-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Y.Sridhar (Fca)-Ld.Ar " थ"कीओरसे/Respondent By : Ms.R.Anita (Addl.Cit) -Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 01-08-2024 घोषणाकीतारीख /Date Of Pronouncement : 12-08-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

104. Tiruchirapalli. "थायीलेखासं./जीआइआरसं./PAN/GIR No. ADTPR-2755-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant by : Shri Y.Sridhar (FCA)-Ld.AR " थ"कीओरसे/Respondent by : Ms.R.Anita (Addl.CIT) -Ld. Sr. DR सुनवाईकीतारीख/Date of Hearing : 01-08-2024 घोषणाकीतारीख /Date of Pronouncement : 12-08-2024 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeals by assessee

ANDIMUTHU RAJA,PERAMBALUR vs. ACIT, CIRCLE 1(1), TIRUCHIRAPALLI

The appeals stand allowed

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.261/Chny/2024 (िनधा*रणवष* / Assessment Year: 2006-07) & 2. आयकरअपील सं./ Ita No.262/Chny/2024 (िनधा*रणवष* / Assessment Year: 2010-11) Shri Andimuthu Raja Acit बनाम/ 3/127, Ambedkar Street, Velur Post Circle-1(1) Vs. Perambalur-621 104. Tiruchirapalli. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adtpr-2755-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Y.Sridhar (Fca)-Ld.Ar " थ"कीओरसे/Respondent By : Ms.R.Anita (Addl.Cit) -Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 01-08-2024 घोषणाकीतारीख /Date Of Pronouncement : 12-08-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

104. Tiruchirapalli. "थायीलेखासं./जीआइआरसं./PAN/GIR No. ADTPR-2755-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant by : Shri Y.Sridhar (FCA)-Ld.AR " थ"कीओरसे/Respondent by : Ms.R.Anita (Addl.CIT) -Ld. Sr. DR सुनवाईकीतारीख/Date of Hearing : 01-08-2024 घोषणाकीतारीख /Date of Pronouncement : 12-08-2024 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeals by assessee

SHAMIMA HASEENATHUL,CHENNAI vs. DCIT, NCC-7(1), CHENNAI

In the result, the appeal of the assessee is allowed for statistical

Bench: Shri Inturi Rama Rao & Shri Manu Kumar Giri

Section 115BBE of the Act. Accordingly, the addition is confirmed and the grounds of appeal raised by the assessee are dismissed. 4. Aggrieved by the impugned order passed by CIT(A), the Assessee is in appeal before this Tribunal. Before us, the assessee has filed the petition for admission of additional evidence under Rule 29 of the Income-tax Appellant

M/S. AMBATTUR DEVELOPERS PVT. LTD.,CHENNAI vs. ITO, CORPORATE WARD-1(1), CHENNAI

In the result the appeal of the assessee is allowed

104 taxmann.com 172 (Mumbai\n- Trib.)\n“Moreover, in case of many closely held companies and even in new\ncompanies promoters used to issue share at premium with the main\npurpose of keeping share capital low, yet capital base stronger so that\nbreakup value and market value is high. This leads to advantage of low cost\nof servicing share capital

FAIVELEY TRANSPORT TECHNOLOGIES INDIA PVT. LTD.,HOSUR vs. ACIT, CORPORATE CIRCLE-1(1), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI S.R. RAGHUNATHA (Accountant Member)

104 or section 10AA or section 10B or section 10BA or under any provision of this Chapter under the heading "C.-Deductions in respect of certain incomes", no deduction shall be allowed to him thereunder" 4. The Company furnished the Income Tax Return within the applicable due date of 30th November, 2018. Please find attached the ITR acknowledgement in this

ST.JOSEPH'S INSTITUTE OF SCIENCE AND TECHNOLOGY TRUST,CHENNAI vs. PCIT CENTRAL CHENNAI - 1, CHENNAI

In the result, all the three appeals filed by the assessee are allowed

104,79,15,009/- admitted in the\nreturn of income filed u/s. 139 on 31.10.2018”.\n8.\nThe Id. Counsel also stated that in the garb of clause (a) of Explanation to\nsection 263 of the Act, the PCIT only wants to re-verify or re-verification which has\nbeen done in search assessment u/s 153A. Before us Id. Counsel

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/

gainfully rely on the following findings rendered\nby the Hon'ble Gujarat High Court in the case of CIT Vs President\nIndustries (258 ITR 654).\n\n\"3. Having perused the assessment order made by the Assessing Officer,\nthe order made by the Commissioner (Appeals) and the Tribunal, we are\nsatisfied that the Tribunal was justified in rejecting the application

IRULA SNAKE CATCHERS INDUSTRIAL CO-OP. SOCIETY LTD.,CHENNAI vs. ITO, WARD-22(1), CHENNAI

In the result, the appeal filed by the assessee is allowed, and

Bench: Shri Manu Kumar Giri & Shris.R.Raghunathaआयकरअपीलसं. (Ita No.1790/Chny/2025 "नधा"रणवष"/Assessment Years: 2020-21 Irula Snake Catchers Industrial Co- V. Income Tax Officer, Operative Society Ltd, Non-Coporate Ward 22(1), Mahabalipuram Road, Tambaram Vadanemmli Village, Perur Post, Chennai-603 104 [Pan:Aaaai 7894 M] (अपीलाथ"/Assessee) (""यथ"/Respondent)

104 [PAN:AAAAI 7894 M] (अपीलाथ"/Assessee) (""यथ"/Respondent) अपीलाथ"क ओरसे/ Assessee by : Mr. G Baskar, Advocate & Mr. G Akash, Advocate ""यथ"क ओरसे /Respondent by : Mr. Gouthami Manivasagam JCIT : 27.11.2025 सुनवाईक तार"ख/Date of Hearing घोषणाक तार"ख /Date of Pronouncement : 11.02.2026 आदेश / O R D E R PER MANU KUMAR GIRI, Judicial Member: The captioned appeal

ARUMUGAM KUMAR,TIRUVALLUR vs. ITO WARD 1, TIRUVALLUR

In the result, the grounds of appeal raised by the assessee are allowed for statistical

Bench: Shri Ss Viswanethra Ravi & Shri Ratnesh Nandan Sahayarumugam Kumar, I.T.O., 104, 8Th Street, Kakalur Ind Vs. Ward-1, Estate S.O., 29, Kakkalur, Tiruvallur. Tiruvallur-602003. Pan No. Alzpk 6523 A Appellant/ Assessee Respondent/ Revenue

104, 8th Street, Kakalur Ind Vs. Ward-1, Estate S.O., 29, Kakkalur, Tiruvallur. Tiruvallur-602003. PAN No. ALZPK 6523 A Appellant/ Assessee Respondent/ Revenue Assessee represented by Shri S. Girishkumar, Advocate Department represented by Ms. Sandhya Rani Kure, JCIT. Date of hearing 16/09/2025 Date of pronouncement 26/09/2025 PER: RATNESH NANDAN SAHAY, ACCOUNTANT MEMBER: 1. This appeal by the assessee

SUNDARAKRISHNAN,CHENNAI vs. PCIT, COIMBATORE

Bench: Shri Manu Kumar Giri, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 1935/Chny/2024 िनधा"रण वष" / Assessment Year: 2014-15 Sundarakrishnan, Principal Commissioner Of No. 15, 5Th Main Road, V. Income Tax, Kasturba Nagar, Coimbatore -1. Adyar – 600 020. [Pan: Arbps-4782-R] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Y. Sridhar, Fca ""यथ" क" ओर से/Respondent By : Shri. R. Clement Ramesh Kumar, Cit सुनवाई क" तारीख/Date Of Hearing : 04.02.2025 घोषणा क" तारीख/Date Of Pronouncement : 11.02.2025 आदेश /O R D E R Per S. R. Raghunatha:

capital gain reported by the assessee of Rs.1,18,110/- was not modified and after set-off of the same against LTCG, the taxable LTCG was determined at Rs.79,11,230/- vii. During the course of the assessment proceedings, consequent to the enhancement in arriving at the LTCG, the assessee had submitted that even subsequent to the enhancement, the taxable

THARANIPATHY RAJKUMAR,POLLACHI vs. ACIT, CC-1,, COIMBATORE

The appeal stand partly allowed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1252/Chny/2024 (िनधा)रण वष) / Assessment Year: 2017-18) Shri Tharanipathy Rajkumar Acit बनाम/ 2-Feb Tsa Nilayam, Thathur, Central Circle-1, Vs. Pollachi-642 104. Coimbatore. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adcpr-2405-F (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri R. Venkata Raman (Ca) - Ld.Ar " थ"कीओरसे/Respondent By : Shri R. Clement Ramesh Kumar (Cit) -Ld. Dr

104. Coimbatore. "थायीलेखासं./जीआइआरसं./PAN/GIR No. ADCPR-2405-F (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant by : Shri R. Venkata Raman (CA) - Ld.AR " थ"कीओरसे/Respondent by : Shri R. Clement Ramesh Kumar (CIT) -Ld. DR सुनवाईकीतारीख/Date of Hearing : 18-09-2024 घोषणाकीतारीख /Date of Pronouncement : 10-12-2024 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member

M/S. TRIVITRON HEALTHCARE PVT. LTD.,CHENNAI vs. PCIT, , CHENNAI-3

In the result, the appeal filed by the assessee is partly\nallowed

104), it was noticed\nthat the assessee had deducted an amount of Rs.4,47,55,031/-\ntowards Brought forward loss or Unabsorbed depreciation and arrived\nat a Book Profit of Rs.1,49,70,530/-.\n4.1 For the purpose of MAT 'book profit' means the net profit as shown\nin the P&L account prepared under sub-section115JB(2) as increased

MUKHUNDHAN GOPALAN,TRICHY vs. ACIT CIRCLE 1(1), TRICHY

In the result, the appeal filed by the assessee is allowed

Bench: Shri Mahavir Singhand Shri Jagadishआयकर अपील सं./Ita No.: 504/Chny/2023 िनधा"रण वष"/Assessment Year: 2018-19 Shri Mukhundhan Gopalan, The Asst. Commissioner Of B-901, Trichy Rich 104, Vs. Income Tax, Salai Road, Woraiyur Bazaar, Circle 1(1), Trichy – 620 003. Trichy. Pan: Aagpm 1974P (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri S. Sridhar, Advocate ""यथ" क" ओर से/Respondent By : Shri M. Murali, Cit सुनवाई क" तारीख/Date Of Hearing : 05.06.2024 घोषणा क" तारीख/Date Of Pronouncement : 05.06.2024 आदेश /O R D E R Per Mahavir Singh: This Appeal By The Assessee Is Arising Out Of The Revision Order Passed By The Principal Commissioner Of Income Tax, Madurai – 1 In Order No. Itba/Rev/F/Rev5/2022-23/1050429409 (1) Dated 06.03.2023. The Assessment Was Framed By The Additional/ Joint/Deputy/Assistant Commissioner Of Income Tax/Income-Tax Officer, National E-Assessment Centre, Delhi For The Assessment Year 2018-19 U/S.143(3) R.W.S.143(3A) & 143(3B) Of The Income Tax Act, 1961 (Hereinafter The ‘Act’) Vide Order Dated 19.10.2020. 2. The Only Issue In This Appeal Of Assessee Is Against The Revision Order Passed By The Pcit U/S.263 Of The Act Revising The Assessment Completed By Ao U/S.143(3) Of The Act Dated 19.10.2020 Without Making Enquiry In Regard To Expenses Relatable To Exempt Income U/S.14A R.W.Rule 8D(2)(Ii) Of The Income Tax Rules, 1962 (Hereinafter The ‘Rules’). For This, Assessee Has Raised Many Grounds Which Are Argumentative & Exhaustive & Hence, Need Not Be Reproduced.

104, Vs. Income Tax, Salai Road, Woraiyur Bazaar, Circle 1(1), Trichy – 620 003. Trichy. PAN: AAGPM 1974P (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant by : Shri S. Sridhar, Advocate ""यथ" क" ओर से/Respondent by : Shri M. Murali, CIT सुनवाई क" तारीख/Date of Hearing : 05.06.2024 घोषणा क" तारीख/Date of Pronouncement : 05.06.2024 आदेश