M/S. BRITISH AGRO PRODUCTS (INDIA) PVT. LTD.,CHENNAI vs. PCIT-1, CHENNAI

In the result, the appeal of the assessee is allowed

56 the High Court or the Supreme\nCourt.\nExplanation.-In computing the period of limitation for the purposes of sub-section\n(2), the time taken in giving an opportunity to the assessee to be reheard under\nthe proviso to section 129 and 56a[the period commencing on the date on which\nstay on any proceeding under this section

ACIT (LTU), CHENNAI vs. TAMILNADU PETRO PRODUCTS LIMITED, CHENNAI

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

Bench: Dr. Manish Borad, Hon’Ble & Shri Manomohan Das, Hon’Bleआयकर अपील सं./Ita No.: 3299/Chny/2019 िनधा"रण वष" / Assessment Year: 2013-14 The Assistant Commissioner Of M/S. Tamilnadu Petroproducts Income Tax, V. Limited Large Taxpayer Unit-2, Post Box No. 9, Manali Express Room No. 711, 7Th Floor, Highway, Wanaparthy Block, Manali, Chennai – 600 068. No. 121, M.G. Road, [Pan: Aaact-1295-M] Chennai – 600 034. अपीलाथ" क" ओर से/Appellant By : Shri. R. Vijayaraghavan, Advocate ""यथ" क" ओर से/Respondent By : Shri. D. Hema Bhupal, Jcit सुनवाई की तारीख/Date Of Hearing : 19.04.2023 घोषणा की तारीख/Date Of Pronouncement : 21.04.2023

viia) to section 56(2) of the Act. It deals with the consideration received against sale of equity shares below the fair market value or without consideration and for receiving any sum below the fair market value, if it exceeds said consideration such excess amount is subjected to tax. Though, ld. AO has not invoked the said

SEVUGAN PETHAPERUMAL,MADURAI vs. PCIT, MADURAI-1,, MADURAI

In the result, the appeal of the assessee is allowed

Bench: Shri George George K & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1196/Chny/2025 Assessment Years: 2020-21 Sevugan Pethaperumal, Principal Commissioner Of Income No.41, First Main Street, Tax, Narayanapuram West, Madurai-1, Madurai, Madurai. Tamil Nadu-625 014. [Pan: Afjpp5984J] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Shri G.Tarun, Advocate प्रत्यर्थी की ओर से /Revenue By : Shri Bipin C.N, Cit सुनवाई की तारीख/Date Of Hearing : 06.08.2025 घोषणा की तारीख /Date Of Pronouncement : 25.08.2025 आदेश / O R D E R Per Amitabh Shukla, A.M :

56 the High Court or the Supreme Court. Explanation.-In computing the period of limitation for the purposes of sub-section (2), the time taken in giving an opportunity to the assessee to be reheard under the proviso to section 129 and 56a[the period commencing on the date on which stay on any proceeding under this section was granted

M/S. CITY UNION BANK,KUMBAKONAM vs. PCIT,, MADURAI

In the result, both the appeals for A

Bench: Shri S.S. Viswanethra Ravi & Shri S.R. Raghunathaआयकर अपील सं./Ita Nos.: 1478 & 1479/Chny/2025 धनिाारण वर्ा / Assessment Year: 2020-21 & 2021-22 M/S. City Union Bank, Pcit No. 148-149, T.S.R Big Street, Vs. Madurai – 1. Kumbakonam – 621 001. Tamil Nadu. [Pan: Aaacc-1287-E] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Mr. S. Ananthan, Ca & Ms. R. Lalitha, Ca प्रत्यथी की ओर से/Respondent By : Ms. E. Pavuna Sundari, Cit. सुनवाई की तारीख/Date Of Hearing : 28.08.2025 घोर्णा की तारीख/Date Of Pronouncement : 09.09.2025

viia) 4 23-12-2021 2021- 28-12-2021 3 22/1038068069(1) 6. The Ld. ARs drew our attention to Page Nos. 56, 57, 60 to 62 and 64 to 83 of the appeal memorandum, wherein the queries raised by the AO and the response :-5-: ITA. Nos:1478 & 1479/Chny/2025 given by the assessee on all the issues covered

M/S. CITY UNION BANK,KUMBAKONAM vs. PCIT,, MADURAI

In the result, both the appeals for A

Bench: Shri S.S. Viswanethra Ravi & Shri S.R. Raghunathaआयकर अपील सं./Ita Nos.: 1478 & 1479/Chny/2025 धनिाारण वर्ा / Assessment Year: 2020-21 & 2021-22 M/S. City Union Bank, Pcit No. 148-149, T.S.R Big Street, Vs. Madurai – 1. Kumbakonam – 621 001. Tamil Nadu. [Pan: Aaacc-1287-E] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Mr. S. Ananthan, Ca & Ms. R. Lalitha, Ca प्रत्यथी की ओर से/Respondent By : Ms. E. Pavuna Sundari, Cit. सुनवाई की तारीख/Date Of Hearing : 28.08.2025 घोर्णा की तारीख/Date Of Pronouncement : 09.09.2025

viia) 4 23-12-2021 2021- 28-12-2021 3 22/1038068069(1) 6. The Ld. ARs drew our attention to Page Nos. 56, 57, 60 to 62 and 64 to 83 of the appeal memorandum, wherein the queries raised by the AO and the response :-5-: ITA. Nos:1478 & 1479/Chny/2025 given by the assessee on all the issues covered