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)", "45(3)", "45(4

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

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

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

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

250 of the Act in relation to the reassessment order u/s 147/143(3) of the Act wherein he upheld the correctness of the long term capital loss as well as the fair value determined as on the date of conversion, by holding as under: “8.2. I have considered the submission made by the Appellant and the reasoning given

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

C.ARYAMA SUNDARAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeal filed by the assessee is allowed for statistical purpose

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

250 of the Income Tax Act. :-2-: I.T.A. No.1208/Mds/2015 2. The Assessee has raised the following grounds: 2.1 The CIT(A) erred in confirming the order passed by the Assessing Officer, relating to the computation of Long Term Capital Gains arising on the sale of property of the appellant, and situate at No. 137, Sundar Nagar, New Delhi

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

4. The brief facts of the case insofar the cross appeals for the block period under consideration in IT(SS)A No.153 & 162/Mds/2003 are as follows: The assessee is a Managing Director of M/s.Pentafour Products Limited, receiving income under the head “Salary”, dividend income as well as the sitting fees during the block period. The Income Tax Department had conducted

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

4. The brief facts of the case insofar the cross appeals for the block period under consideration in IT(SS)A No.153 & 162/Mds/2003 are as follows: The assessee is a Managing Director of M/s.Pentafour Products Limited, receiving income under the head “Salary”, dividend income as well as the sitting fees during the block period. The Income Tax Department had conducted

NATESAN EKAMBARAM,CHENNAI vs. DCIT CENTRAL CIRCLE 1(2), CHENNAI

In the result, the ground of appeal raised by the assessee on this issue stands allowed

Bench: Shri Ss Viswanethra Ravi & Shri S.R. Raghunathaआयकरअपीलसं./Ita No.:2873/Chny/2024 धनिाारणिर्ा / Assessment Year: 2014-15 Natesan Ekambaram, Dcit, 1/115, Bajanai Kovil Vs. Central Circle -1(2), Street, Chennai. Perumbakkam, Medavakkam Post, Chennai – 601 302 [Pan:Ackpe-6757-C] (प्रत्यथी/Respondent) (अपीलाथी/Appellant) अपीलाथीकीओरसे/Appellant By : Mr.K.Vishwa Padmanabhan, Ca. प्रत्यथीकीओरसे/Respondent By : Mr.C.Sivakumar , Addl.Cit.

4. Based on the aforesaid information, the case of the assessee was reopened, and the assessment was initially completed u/s.144 r.w.s147 of the Act on 26.03.2022, determining the total income of the assessee at Rs.2,47,64,718/-. 5. The aforesaid assessment stood rendered redundant in view of the judgment of the Hon’ble Supreme Court in Union of India

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

P.V.GOPALAKRISHNA,VELLORE vs. ACIT, VELLORE

In the result, the appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

250 of Income Tax Act, Act, 1961 (herein after referred to as ‘the Act’). ITA No.2254/Mds /2015. :- 2 -: At the time of hearing, the assessee has not pressed ground 2. no.3.1 and 3.2 for credit of TDS and also ground no.4 and made an endorsement in the appeal petition. The first ground raised by the assessee is that 3. Commissioner

DR. PRATHIMA VENKATACHALAM,CHENNAI vs. ITO, CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri Abraham P. George & Shri. G. Pavan Kumarआयकर अपील सं./ I.T.A. No. 2612/Mds/2016 "नधा"रण वष" /Assessment Year : 2009-10 Dr. Prathima Venkatachalam, The Income Tax Officer, C/O Revathi S. Raghunathan, Vs. International Taxation 2(1), Chartered Accountant, Flat No. 32, Chennai. G Block, Re Classic Apartments, 68, Baroda Street, West Mambalam, Chennai - 600 033. [ Pan: Aqkpp 4278K] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri R. Vijayaraghavan, Advocate ""यथ" क" ओर से/Respondent By : Shri A.V. Sreekanth, Jcit

250 of the Income Tax Act. :- 2 -: 2. The only substantive ground raised by the assessee that the CIT(A) erred in confirming the action of AO in disallowance of exemption u/s. 54 of the Act in respect of cost of new residential house though the assessee has filed Return of income within the time under provisions

M/S. BHAGGYAM BUILDERS,CHENNAI vs. ACIT, CHENNAI

In the result, the assessee’s appeal is dismissed

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं/.I.T.A. No. 2614/Mds/2016 "नधा"रण वष"/Assessment Year : 2010-11 M/S. Bhaggyam Builders, The Assistant Commissioner Of No. 20, Raman Street, Vs. Income Tax, T. Nagar, Non Corporate Circle -1, Chennai – 600 017. Chennai.

4) to section 45, there was clause (ii) of section 47 which read as under: :-9-: "Any distribution of capital assets on the dissolution of a firm, body of individuals or other association of persons." Section 47 of the Act lays down which are the transactions not regarded as transfer for the purpose of section

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

AVANASIYAPPAN ESWARAN,TIRUPPUR vs. ITO,WARD 1(2), TIRUPPUR

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri George George K & Shri S.R. Raghunatha

section 250 of the Income Tax Act, 1961 (hereinafter called ‘the Act’). The relevant Assessment Year is 2016-17. :- 2 -: 2. The solitary issue raised is regarding the disallowance of claim of deduction u/s.54F of the Act. 3. Brief facts of the case are as follows: The assessee is an individual deriving agricultural income and income from other sources

ITO, CHENNAI vs. RETTANAI GOVINDAN MUNUSWAMY, CHENNAI

In the result, the appeal of the Revenue in ITA

Bench: Shri A.Mohan Alankamony & Shri. G. Pavan Kumarआयकर अपील सं./I.T.A. No. 1085/Mds/2016 "नधा"रण वष" /Assessment Year : 2011-2012

250 of the Income Tax Act, 1961 (herein after referred to as ‘the Act’). ITA No.1085/Mds/2016. :- 2 -: 2. The Department has raised the following grounds of appeal:- ‘’2.2. The CIT(A) erred in not appreciating the fact that the assessee had neither Invested the capital gain arising out of the transfer of the long term capital asset for construction/ purchase

LALITHA KUMARI PRAKASH CHAND,CHENNAI vs. ACIT NON CORP. WARD 10(1), CHENNAI

In the result, appeal filed by the assessee is treated as

Bench: Shri V. Durga Rao & Shri G. Manjunatha

4. The learned A.R for the assessee submitted that the learned CIT(A) erred in sustaining additions made by the Assessing Officer towards computation of capital gain on transfer of 27% share in constructed flats for the assessment year 2015-16, even though, flats have been sold for assessment year 2012-13 to 2014-15. It is an admitted fact