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

gainfully refer to the decision of the Hon'ble Delhi High\nCourt in Filatex India Ltd. v. Dy. CIT [WP(C) No. 12148 of 2023]\nwhich we find is squarely applicable in the given facts of the assessee\nbefore us. In this case, the search action under Section 132 of the Act\nwas conducted on 01.09.2021 and therefore the assessment

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

gainfully refer to the decision of the Hon'ble Delhi High\nCourt in Filatex India Ltd. v. Dy. CIT [WP(C) No. 12148 of 2023]\nwhich we find is squarely applicable in the given facts of the assessee\nbefore us. In this case, the search action under Section 132 of the Act\nwas conducted on 01.09.2021 and therefore the assessment

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

gainfully refer to the decision of the Hon'ble Delhi High\nCourt in Filatex India Ltd. v. Dy. CIT [WP(C) No. 12148 of 2023]\nwhich we find is squarely applicable in the given facts of the assessee\nbefore us. In this case, the search action under Section 132 of the Act\nwas conducted on 01.09.2021 and therefore the assessment

ALTHI VENKATA NARENDRA RAJU,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(2), CHENNAI

In the result, the appeal filed by the assessee in ITA No

250, section 254, section 260, section 262, section 263,\nor section 264 or in an order of any court in a proceeding otherwise than by way of\nappeal or reference under this Act, on or before the expiry of twelve months from the\nend of the month in which such order is received or passed by the 30[Principal Chief

GOKULAKRISHNA,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX, NON CORPORATE CIRCLE 8(1), CHENNAI

In the result, the appeal filed by the assessee is allowed and the stay\napplication is dismissed

capital gains tax is leviable. The amount received by the assessee was a consequence of this realignment, not a taxable event.", "result": "Allowed", "sections": [ "250", "147", "2(14)", "2(47)", "45(1

ASSISTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. MANIKANDAN, CHENNAI

The appeal of the Revenue is dismissed

250 of the Income Tax Act, 1961 (in short \"the\nAct\") dated 26.08.2025 for Assessment Year (AY) 2017-18. The assessee\nraised the following ground of appeal:\n“1. The order of the ld CIT(A) is contrary to law and facts and\ncircumstances of the case.\n2 The ld CIT(A) erred in deleting the addition made

DCIT, CEN CIR 2(2), CHENNAI, CHENNAI vs. JAYAPRIYA COMPANY, CHENNAI

In the result, both the appeals of the Revenue are dismissed and

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

250 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act‘) 2. Since the issues involved in both these appeals are common, they were heard together. Both the parties also argued them together raising similar arguments on these issues. Accordingly, for the sake of convenience and brevity, we dispose both these appeals by this consolidated order

DCIT, CC2(2), CHENNAI, CHENNAI vs. JAYAPRIYA COMPANY, CHENNAI

In the result, both the appeals of the Revenue are dismissed and

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

250 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act‘) 2. Since the issues involved in both these appeals are common, they were heard together. Both the parties also argued them together raising similar arguments on these issues. Accordingly, for the sake of convenience and brevity, we dispose both these appeals by this consolidated order

ACIT, LTU-2,, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

In the result, appeal filed by the assessee is partly allowed and the appeal of the Revenue is dismissed

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

1,00,67,969 Unbilled revenue 7,86,53,504 9,49,41,553 C) Less: Liabilities: Provision for expenses 14,24,593 10,38,85,171 B = a + b - c Net worth C). Capital gains on slum sale u/s C = A - b 50B of IT Act 90,47,68,333 9.15 The above computation of capital gains is also

T.L.SRITHARAN,CHENNAI vs. ACIT NON CORPORATE CIRCLE-14, CHENNAI

In the result, appeal filed by the assessee is dismissed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.: 1596/Chny/2019 िनधा"रण वष" / Assessment Year: 2014-15 T.L. Sritharan, The Assistant Commissioner Of New No. 13, (Old No. 1), V. Income Tax, Swaminathan Street, Non-Corporate Circle -14, West Mambalam, Chennai – 600 034. Chennai – 600 033. [Pan: Aepps-6766-J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. R. Vijayaraghavan, Advocate & Shri. Saroj Kumar Parida, Advocate ""यथ" क" ओर से/Respondent By : Shri. Ar.V. Sreenivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 22.12.2022 घोषणा क" तारीख/Date Of Pronouncement : 04.01.2023 आदेश /O R D E R

250/-. During the financial year relevant to assessment year 2014- 15, the appellant had claimed capital loss and set off against long term capital gain. The AO, called upon the assessee to file necessary details and justify set off of capital loss against :-3-: ITA. No:1596/Chny/2019 capital gain. In response, the assessee submitted that, on 14.08.2013 he had transferred

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

250 of the Income Tax Act, 1961 (hereinafter referred to as Income Tax Act, 1961 (hereinafter referred to as ‘the Act‘). 2. Before we advert to the grounds t Before we advert to the grounds taken in these appeals, it would aken in these appeals, it would first be relevant to cull out the basic facts o first be relevant

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

250 of the Income Tax Act, 1961 (hereinafter referred to as Income Tax Act, 1961 (hereinafter referred to as ‘the Act‘). 2. Before we advert to the grounds t Before we advert to the grounds taken in these appeals, it would aken in these appeals, it would first be relevant to cull out the basic facts o first be relevant

V RAMAKRISHNAN,CHENNAI vs. DCIT CENTRAL CIRCLE III(4), CHENNAI

In the result, the appeal for the A

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

250 ITR 141 under identical circumstances had held as follows: “3. We have heard the learned counsels for the parties. In this appeal, it has been stated that the Tribunal was not justified in deleting the additions made by the Assessing Officer as undisclosed income on the ground that additions could not be termed as undisclosed income within the meaning

V RAMAKRISHNAN,CHENNAI vs. DCIT CENTRAL CIRCLE III(4) , CHENNAI

In the result, the appeal for the A

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

250 ITR 141 under identical circumstances had held as follows: “3. We have heard the learned counsels for the parties. In this appeal, it has been stated that the Tribunal was not justified in deleting the additions made by the Assessing Officer as undisclosed income on the ground that additions could not be termed as undisclosed income within the meaning

LATE S. YOGARATHINAM, REP. BY L/H Y. SHANMUGA DURAI,CHENNAI vs. ACIT, CIRCLE-1(2), CHENNAI

In the result the appeal of the assessee is allowed

Bench: Shri George George Kand Shri S.R. Raghunathaआयकर अपील सं./Ita No.:626/Chny/2024 िनधा"रण वष"/Assessment Year:2010-11 Shri Y. Shanmuga Durai, L/H Of Acit Late S.Yogarathinam Vs. Circle -1(2) Old No.24, No.14, Chennai. 17/24, Ramanathan Street, T.Nagar, Chennai-600 017. Pan: Aakpy-9845-P (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Mr. N. Arjun Raj, Advocate ""यथ"क"ओरसे/Respondent By : Mr. Ar.V. Sreenivasan, Cit सुनवाई क" तारीख/Date Of Hearing : 06.03.2025 घोषणा क" तारीख/Date Of Pronouncement : 17.03.2025

section 250 of the Income Tax Act, 1961, relevant to the Assessment Year 2010-11. 2. The legal heir of the assessee has raised following grounds of appeal:- 1. The order of the CIT (Appeals) -18, Chennai dated 12.01.2024 vide DIN & Order No. ITBA/APL/M/250/2023-24/1059642460(1) for the above mentioned Assessment Year is contrary to law, fact and in circumstances

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), CHENNAI vs. M. MAHADEVAN, CHENNAI

In the result, the appeals of the Revenue are decided as under:-\nITA Nos\nAssessment\nResult\nYear\nPartly allowed

250 /\n1064440314(1)\ndated\n29.04.2024.\n2.0\nThe appellant Revenue has raised following grounds of appeal\nfor AY's 2013-14. 2014-15 & 2019-20.\nGROUNDS OF APPEAL\nFOR AY-2013-14 & 2014-15\n1.\nThe order of the learned Commissioner of Income Tax\n(Appeals) is erroneous on facts of the case and in law.\n2.\nThe Ld.CIT(A) erred

ABUSHA INVESTMENT & MANAGEMENT SERVICES LLP,CHENNAI vs. DCIT NON CORPORATE CIRCLE 7(1), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwal

section 45(1) of the Act is not attracted. 7. The Ld. CIT(A) has erred in not appreciating the fact that, none of the Capital assets were distributed at the time of retirement and thereby there is no "Capital gains" that would arise in the hands of the Appellant. 8. The Ld. CIT(A) has erred failed to appreciate

M/S.ENRICA ENTERPRISES PVT LTD,CHENNAI vs. DCIT,CENTRAL CIRCLE-3(4), CHENNAI

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha. G & Shri Manomohan Das

Section 274(1) provides for reasonable opportunity to be given to the assessee so that he can meet the charge. Therefore, from the above, it is very clear that the satisfaction arrived at by the AO before charging the assessee on particular limb of u/s.271(1)(c) of the Act, the AO must clearly record his satisfaction and such satisfaction