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

demonetization period. Hence, notice u/s.142(1) of the Act dated 14.02.2018 was issued calling for filing of the return of income for the relevant assessment year namely 2017-18. In response to notice issued u/s.142(1) of the Act, assessee filed its return of income on 19.03.2018. Thereafter there was no proceedings u/s.143(3) of the Act. The case

MANIKANDAN SUBASH CHANDRA BOSE ,THIRUMANGALAM vs. THE INCOME TAX OFFICER, MADURAI

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

Bench: Shri Manu Kumar Giri, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 1452/Chny/2023 िनधा"रण वष" / Assessment Year: 2017-18 The Income Tax Officer, Manikandan Subash Chandra V. Non Corporate Ward 2(4), Bose, Madurai – 625 002. New No. 70 (Old 131), Big Bazaar Street, Thirumangalam – 625 706 [Pan: Abcpm-6497-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. B. Pratap, Ca ""यथ" क" ओर से/Respondent By : Shri. D. Hema Bhupal, Jcit सुनवाई क" तारीख/Date Of Hearing : 03.07.2024 घोषणा क" तारीख/Date Of Pronouncement : 11.09.2024 आदेश /O R D E R Per S. R. Raghunatha:

demonetization period in Tamilnadu Mercantile Bank Account No.153700060750001. The AO completed the assessment by making addition of Rs.55,77,500/- as unexplained money u/s.69A of the Act and taxed as per provisions of Section 115BBE of the Act by passing an order U/s.143(3) dated 28/12/2019. Aggrieved by the order of the Assessing Officer, the assessee preferred an appeal before

SR TRUST,MADURAI vs. PCIT(CENTRAL), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Ble

demonetization period amounting to Rs.1,75,14,608/-. 4. The case has been, subsequently, taken up for revision proceedings u/s.263 of the Act, and accordingly, show cause notice dated 15.02.2022 was served on the assessee. In the said show cause notice, the PCIT has taken up the issue of payment made to M/s.Sun Med Health Care Pvt. Ltd., and purchase

THE INDIA CEMENTS LIMITED,CHENNAI vs. DCIT CORPORATE CIRCLE 2(1) CHENNAI, CHENNAI

depreciation would be reduced. In all the other cases,\nirrespective of nomenclature or the manner in which the same are\ngiven, such concessions would always form part of income of the\nassessee notwithstanding the 'purpose' or objective of the scheme or\nwhether the same was in capital field or in revenue field. This\namendment has, thus, taken away the distinction

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

demonetization announced by the Hon’ble Prime Minister, to cater extra ordinary demand from the huge number of customers. Further, the ld.AR stated that the customers were in hurry to pick their articles and prepared to accept the jewellery without even checking at the price, design and quality, such was the magnitude of the sales. Further, the Ld. Counsel

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

demonetization. Now, I offer voluntarily the said amount of Rs.10 Crores which I lent to the trust from my unaccounted cash income under Prime Minister Garib Kalyan Yojana Scheme on my hands in the capacity of individual". 5. Facts of case in ITA No.1535/Chny/2024 for AY 2016-17: The Assessee, Individual, is a Chartered Accountant and he is the Chairman

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

demonetization. Now, I offer voluntarily the said amount of Rs.10 Crores which I lent to the trust from my unaccounted cash income under Prime Minister Garib Kalyan Yojana Scheme on my hands in the capacity of individual". 5. Facts of case in ITA No.1535/Chny/2024 for AY 2016-17: The Assessee, Individual, is a Chartered Accountant and he is the Chairman

SIVAKASI JAYCEES CHARITIES,VIRUDHUNAGAR vs. ITO, EXEMPTIONS WARD, , MADURAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

demonetized currency of Rs.500/- and Rs.1000/- notes to the extent of Rs.14,09,338/-in its current account maintained with Tamilnad Mercantile Bank Ltd., Sivakasi. According to AO, the assessee has not filed its return of income u/s.139(1) of the Act or u/s.139(4C)(e) of the Act in response to notice issued u/s.142(1) of the Act. According

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

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Aby T. Varkey & Shrimanoj Kumar Aggarwal

demonetization period, holding it to be unexplained deposited during the demonetization period, holding it to be unexplained deposited during the demonetization period, holding it to be unexplained cash credit u/s 68 of the Act. Briefly stated, the facts of th cash credit u/s 68 of the Act. Briefly stated, the facts of the case are that, e case are that

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

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Aby T. Varkey & Shrimanoj Kumar Aggarwal

demonetization period, holding it to be unexplained deposited during the demonetization period, holding it to be unexplained deposited during the demonetization period, holding it to be unexplained cash credit u/s 68 of the Act. Briefly stated, the facts of th cash credit u/s 68 of the Act. Briefly stated, the facts of the case are that, e case are that

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

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Aby T. Varkey & Shrimanoj Kumar Aggarwal

demonetization period, holding it to be unexplained deposited during the demonetization period, holding it to be unexplained deposited during the demonetization period, holding it to be unexplained cash credit u/s 68 of the Act. Briefly stated, the facts of th cash credit u/s 68 of the Act. Briefly stated, the facts of the case are that, e case are that