SHRI RAJU P. MEHTA,,CHENNAI vs. DCIT, CENTRAL CIRCLE - II (1),, CHENNAI

In the result, appeals filed by assessee for assessment

Bench: Shri Duvvuru Rl Reddy & Shri G.Manjunathaआयकरअपीलसं./I.T.A Nos. 168 To 173/Chny/2020 ("नधा"रणवष" / Assessment Years: 1999-2000, 2001-02, 2002-03, 2003-04, 2004-05 & 2005-06) Mr. Raju P.Mehta, Vs The Deputy Commissioner Of 40, Barnaby Road, Income Tax, Kilpauk, Central Circle Ii(1), Chennai-600 010. Chennai-600 034. Pan : Aafpm 1912N (अपीलाथ"/Appellant) ""यथ"/Respondent/

cash deposits. The Assessing Officer has made addition of ₹ 37,500/- in respect of credit in personal trial balance on the ground that assessee has failed to file any evidence to prove credit by identification of creditors. Likewise, the Assessing Officer has made addition of ₹79,392/- towards difference in remuneration admitted by assessee and profit from M/s. Vikas Bearing

SHRI RAJU P. MEHTA,,CHENNAI vs. DCIT, CENTRAL CIRCLE - II (1),, CHENNAI

In the result, appeals filed by assessee for assessment

Bench: Shri Duvvuru Rl Reddy & Shri G.Manjunathaआयकरअपीलसं./I.T.A Nos. 168 To 173/Chny/2020 ("नधा"रणवष" / Assessment Years: 1999-2000, 2001-02, 2002-03, 2003-04, 2004-05 & 2005-06) Mr. Raju P.Mehta, Vs The Deputy Commissioner Of 40, Barnaby Road, Income Tax, Kilpauk, Central Circle Ii(1), Chennai-600 010. Chennai-600 034. Pan : Aafpm 1912N (अपीलाथ"/Appellant) ""यथ"/Respondent/

cash deposits. The Assessing Officer has made addition of ₹ 37,500/- in respect of credit in personal trial balance on the ground that assessee has failed to file any evidence to prove credit by identification of creditors. Likewise, the Assessing Officer has made addition of ₹79,392/- towards difference in remuneration admitted by assessee and profit from M/s. Vikas Bearing

SHRI RAJU P. MEHTA,,CHENNAI vs. DCIT, CENTRAL CIRCLE - II (1),, CHENNAI

In the result, appeals filed by assessee for assessment

Bench: Shri Duvvuru Rl Reddy & Shri G.Manjunathaआयकरअपीलसं./I.T.A Nos. 168 To 173/Chny/2020 ("नधा"रणवष" / Assessment Years: 1999-2000, 2001-02, 2002-03, 2003-04, 2004-05 & 2005-06) Mr. Raju P.Mehta, Vs The Deputy Commissioner Of 40, Barnaby Road, Income Tax, Kilpauk, Central Circle Ii(1), Chennai-600 010. Chennai-600 034. Pan : Aafpm 1912N (अपीलाथ"/Appellant) ""यथ"/Respondent/

cash deposits. The Assessing Officer has made addition of ₹ 37,500/- in respect of credit in personal trial balance on the ground that assessee has failed to file any evidence to prove credit by identification of creditors. Likewise, the Assessing Officer has made addition of ₹79,392/- towards difference in remuneration admitted by assessee and profit from M/s. Vikas Bearing

SHRI RAJU P. MEHTA,,CHENNAI vs. DCIT, CENTRAL CIRCLE - II (1),, CHENNAI

In the result, appeals filed by assessee for assessment

Bench: Shri Duvvuru Rl Reddy & Shri G.Manjunathaआयकरअपीलसं./I.T.A Nos. 168 To 173/Chny/2020 ("नधा"रणवष" / Assessment Years: 1999-2000, 2001-02, 2002-03, 2003-04, 2004-05 & 2005-06) Mr. Raju P.Mehta, Vs The Deputy Commissioner Of 40, Barnaby Road, Income Tax, Kilpauk, Central Circle Ii(1), Chennai-600 010. Chennai-600 034. Pan : Aafpm 1912N (अपीलाथ"/Appellant) ""यथ"/Respondent/

cash deposits. The Assessing Officer has made addition of ₹ 37,500/- in respect of credit in personal trial balance on the ground that assessee has failed to file any evidence to prove credit by identification of creditors. Likewise, the Assessing Officer has made addition of ₹79,392/- towards difference in remuneration admitted by assessee and profit from M/s. Vikas Bearing

SHRI RAJU P. MEHTA,,CHENNAI vs. DCIT, CENTRAL CIRCLE - II (1),, CHENNAI

In the result, appeals filed by assessee for assessment

Bench: Shri Duvvuru Rl Reddy & Shri G.Manjunathaआयकरअपीलसं./I.T.A Nos. 168 To 173/Chny/2020 ("नधा"रणवष" / Assessment Years: 1999-2000, 2001-02, 2002-03, 2003-04, 2004-05 & 2005-06) Mr. Raju P.Mehta, Vs The Deputy Commissioner Of 40, Barnaby Road, Income Tax, Kilpauk, Central Circle Ii(1), Chennai-600 010. Chennai-600 034. Pan : Aafpm 1912N (अपीलाथ"/Appellant) ""यथ"/Respondent/

cash deposits. The Assessing Officer has made addition of ₹ 37,500/- in respect of credit in personal trial balance on the ground that assessee has failed to file any evidence to prove credit by identification of creditors. Likewise, the Assessing Officer has made addition of ₹79,392/- towards difference in remuneration admitted by assessee and profit from M/s. Vikas Bearing

SHRI RAJU P. MEHTA,,CHENNAI vs. DCIT, CENTRAL CIRCLE - II (1),, CHENNAI

In the result, appeals filed by assessee for assessment

Bench: Shri Duvvuru Rl Reddy & Shri G.Manjunathaआयकरअपीलसं./I.T.A Nos. 168 To 173/Chny/2020 ("नधा"रणवष" / Assessment Years: 1999-2000, 2001-02, 2002-03, 2003-04, 2004-05 & 2005-06) Mr. Raju P.Mehta, Vs The Deputy Commissioner Of 40, Barnaby Road, Income Tax, Kilpauk, Central Circle Ii(1), Chennai-600 010. Chennai-600 034. Pan : Aafpm 1912N (अपीलाथ"/Appellant) ""यथ"/Respondent/

cash deposits. The Assessing Officer has made addition of ₹ 37,500/- in respect of credit in personal trial balance on the ground that assessee has failed to file any evidence to prove credit by identification of creditors. Likewise, the Assessing Officer has made addition of ₹79,392/- towards difference in remuneration admitted by assessee and profit from M/s. Vikas Bearing

DEPUTY COMMISSIONER OF INCOME-TAX, COIMBATORE vs. MS VISWA AND DEVJI DIAMONDS PVT LTD, COIMBATORE

In the result, appeal filed by the Revenue stands dismissed

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri S.R. Raghunathaआयकर अपील सं./Ita No.327/Chny/2024 िनधा"रण वष"/Assessment Year: 2017-2018. The Deputy Commissioner Viswa & Devji Diamonds Pvt Ltd, Of Income Tax, Vs. New No.16,Old No.239, Corporate Circle 1, T.V.Swamy Road (East) Coimbatore R.S. Puram, Coimbatore 641 002. Pan: Aaccv 4942M

depreciation 165 11 --- Cash Book of the appellant 166 12 --- Sales ledger for AY: 2017-18 313 13 --- VAT Returns for AY: 2017-18 424 ITA No.327 /Chny/2024 14 --- Details of Secured Loans 522 15 --- Details of advances received 523 16 --- Reply to Notice under Section 575 142(1) of the Act 17 28.11.2019 Notice under Section

M/S. LALITHA JEWELLERY MART LTD.,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(4), CHENNAI

cash sales regularly or that the cash sales shown on the date of\ndemonetization is inconsistent with the cash sales reported in earlier\nperiod(s) or that there is any unusual deviation in gross profit margin due\nto the impugned sales in dispute. From an analysis of the audited\nfinancials for the relevant FY 2016-17 and the past

VARADAPPAN NATARAJAN,RASIPURAM vs. ACIT, CENTRAL CIRCLE,, SALEM

In the result, both the appeals of assessee in ITA No

Bench: Shri Manu Kumar Giri & Shri Jagadishआयकर अपील सं./Ita Nos.1535 & 1801/Chny/2024 ननिाारण वर्ा/Assessment Years: 2016-17 & 2015-16 V. Varadappan Natarajan/ The Acit, V. Natarajan (Individual), Central Circle, No.64-C, Rotary Nagar, Salem. Rasipuram Tamil Nadu-637 408. [Pan: Acgpn1477Q] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.T.S. Lakshmi Venkataraman, Fca (Virtual) प्रत्यर्थी की ओर से /Respondent By : Mr.Shiva Srinivas, Cit सुनवाईकीतारीख/Date Of Hearing : 09.10.2025 घोर्णाकीतारीख /Date Of Pronouncement : 31.10.2025

deposits both during assessment and appeal proceedings. Mere admission of income in return filed originally does not relieve appellant from discharging onus of proving source cash credit in books of appellant. Once the amount held taxable u/s 68, no fault can be found with AO in applying tax rate as per provisions of section 115BBE

SHRI V. NATARAJAN (INDIVIDUAL),RASIPURAM vs. ACIT, CENTRAL CIRCLE,, SALEM

In the result, both the appeals of assessee in ITA No

Bench: Shri Manu Kumar Giri & Shri Jagadishआयकर अपील सं./Ita Nos.1535 & 1801/Chny/2024 ननिाारण वर्ा/Assessment Years: 2016-17 & 2015-16 V. Varadappan Natarajan/ The Acit, V. Natarajan (Individual), Central Circle, No.64-C, Rotary Nagar, Salem. Rasipuram Tamil Nadu-637 408. [Pan: Acgpn1477Q] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.T.S. Lakshmi Venkataraman, Fca (Virtual) प्रत्यर्थी की ओर से /Respondent By : Mr.Shiva Srinivas, Cit सुनवाईकीतारीख/Date Of Hearing : 09.10.2025 घोर्णाकीतारीख /Date Of Pronouncement : 31.10.2025

deposits both during assessment and appeal proceedings. Mere admission of income in return filed originally does not relieve appellant from discharging onus of proving source cash credit in books of appellant. Once the amount held taxable u/s 68, no fault can be found with AO in applying tax rate as per provisions of section 115BBE

ANNADURAI BALAKRISHNAN,ERODE vs. ITO, WARD-2(5), ERODE

The appeal stands partly allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal & Hon’Ble Shri Manu Kumar Giriआयकरअपील सं./ Ita No.499/Chny/2024 (िनधा"रणवष" / Assessment Year: 2013-2014) Annadurai Balakrishnan Vs. The Income Tax Officer, 5/95, Periathottam, Ward 2(5) Oricherry Pudur P.O., Erode Bhavani, Erode 638 315. [Pan: Anipa 8909M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri. M. Karunakaran, Advocate ""यथ" क" ओर से /Respondent By : Shri. K. Karthikeyan, Irs, Addl. Cit. सुनवाई क" तार"ख/Date Of Hearing : 15.10.2024 घोषणा क" तार"ख /Date Of Pronouncement : 04.11.2024 आदेश / O R D E R Per Manu Kumar Giri ()

cash deposited in the bank out of income derived from plying of three lorries of Rs. 5,58,000 shown before depreciation

NEXGEN ANIMATORS PVT. LTD.,CHENNAI vs. ITO, CORPORATE WARD-4(1), CHENNAI

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

Bench: Shri George George Kआयकर अपील सं./Ita No.: 782/Chny/2025 िनधा"रण वष"/Assessment Year: 2017-18

cash deposits made of Rs.15,50,000/- exceeded the total turnover of Rs.13,80,000/- which was shown in the ITR. In response, the assessee company filed return of income on 07.05.2019 showing gross receipts of Rs.13,80,000/- and arrived at a net profit of Rs.76,817/- which was set-off against brought forward depreciation

K.SURESH,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee are dismissed

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

cash deposits require examination. 12 - - ITA 568 to 572/M/17 According to ld.D.R,he AR has been selective in his approach to the concluding part of the noting. The Assessing Officer had reasons to believe that income had escaped assessment and had clearly expressed in the first paragraph of the order sheet noting that: “the assessee has used this bank account

K.SURESH,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee are dismissed

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

cash deposits require examination. 12 - - ITA 568 to 572/M/17 According to ld.D.R,he AR has been selective in his approach to the concluding part of the noting. The Assessing Officer had reasons to believe that income had escaped assessment and had clearly expressed in the first paragraph of the order sheet noting that: “the assessee has used this bank account

K.SURESH,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee are dismissed

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

cash deposits require examination. 12 - - ITA 568 to 572/M/17 According to ld.D.R,he AR has been selective in his approach to the concluding part of the noting. The Assessing Officer had reasons to believe that income had escaped assessment and had clearly expressed in the first paragraph of the order sheet noting that: “the assessee has used this bank account

K.SURESH,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee are dismissed

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

cash deposits require examination. 12 - - ITA 568 to 572/M/17 According to ld.D.R,he AR has been selective in his approach to the concluding part of the noting. The Assessing Officer had reasons to believe that income had escaped assessment and had clearly expressed in the first paragraph of the order sheet noting that: “the assessee has used this bank account

K.SURESH,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee are dismissed

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

cash deposits require examination. 12 - - ITA 568 to 572/M/17 According to ld.D.R,he AR has been selective in his approach to the concluding part of the noting. The Assessing Officer had reasons to believe that income had escaped assessment and had clearly expressed in the first paragraph of the order sheet noting that: “the assessee has used this bank account

SRI KRISHA TRADERS,SIVAGANGAI vs. DCIT, NON CORPORATE CIRCLE-1,, MADURAI

In the result, the appeal of the assessee is allowed

Bench: Shri Ss Viswanethra Ravi & Ms. Padmavathy.Sआयकर अपील सं./Ita No.2223/Chny/2025 िनधा%रण वष% /Assessment Year: 2017-18

deposits, whereas while concluding the assessment he has made an addition u/s. 40A(3) of the Act towards cash payments made in excess of Rs. 20,000/- under Rule 6DD of the Rules. The ld AR argued that the addition made by the AO is not sustainable as has been held by the Co-ordinate Bench in the case

M/S RM K V SILKS PRIVATE LIMITED,TIRUNELVELI vs. ACIT CIRCLE 1, TIRUNELVELI

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

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddyq आयकर अपील सं./Ita No.1621/Chny/2017 "नधा"रण वष" /Assessment Year: 2012-13 Dy. Commissioner Of Income Tax, M/S. Rmkv Silks Pvt. Ltd., Circle-1, Vs. 176F, Trivandrum Road, Tirunelveli. Tirunelveli – 627 003. [Pan: Aafcr 4024B] आयकर अपील सं./Ita No.1593/Chny/2017 & Cross Appeal By Revenue In Ita No.1622/Chny/2017 "नधा"रण वष" /Assessment Year: 2013-14 M/S. Rmkv Silks Pvt. Ltd., Vs. Dy. Commissioner Of Income 176F, Trivandrum Road, Tax, Tirunelveli – 627 003. Circle-1, Tirunelveli. [Pan: Aafcr 4024B] आयकर अपील सं./Ita No.613/Chny/2018 Cross Appeal By Revenue In Ita No.759/Chny/2018 "नधा"रण वष" /Assessment Year: 2014-15 M/S. Rmkv Silks Pvt. Ltd., Vs. Asst. Commissioner Of Income 176F, Trivandrum Road, Tax, Tirunelveli – 627 003. Circle-1, [Pan: Aafcr 4024B] Tirunelveli.

cash or deposit for payment of interest for the utilization of the above and hence ought to have sustained the addition made by the A.O. on account of disallowance of interest. 4. For these and such other grounds that may be adduced at the time of hearing, it is prayed the order of the CIT (A) may be reversed