S. SEETHALAKSHMI,,TIRUPUR vs. ITO, WARD-1(3),, TIRUPUR
In the result, both the appeals filed by the assessee are allowed
ITA 3071/CHNY/2019[2016-17]Status: DisposedITAT Chennai09 Apr 2021AY 2016-17
Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A. No. 3071/Chny/2019 िनधा"रण वष"/Assessment Year:2016-17 S. Seethalakshmi, The Income Tax Officer, 5B, New Ramakrishnapuram, Vs. Ward 1(3), Kongunagar, Tirupur 641 607. Tirupur. [Pan:Bunps9400A] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No. 3072/Chny/2019 िनधा"रण वष"/Assessment Year:2016-17 Srinivasan Nandhakumar, Vs. The Income Tax Officer, 18A, Ganapathi Illam, 1St Street, Tsr Ward 1(3), Layout, Tirupur 641 607 Tirupur. [Pan: Acwpn2507P] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri H. Yeshwanth Kumar, C.A. ""थ" की ओर से/Respondent By : Shri G. Johnson, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 23.03.2021 घोषणा की तारीख /Date Of Pronouncement : 09.04.2021 आदेश /O R D E R Per Duvvuru Rl Reddy: Both The Appeals Filed By Different Assessees Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 3, Coimbatore, Both Dated 09.10.2019 Relevant To The Assessment Year 2016- 17. The Only Effective Ground Raised In Both The Appeals Of The Assessee Is 2
For Appellant: Shri H. Yeshwanth Kumar, C.AFor Respondent: Shri G. Johnson, Addl. CIT
Section 10Section 32
section 10(2A) of the Act gives an opportunity to the assessees to increase, the personal capital, without any declaration of income without suffering taxation. The personal balance sheet of the assessee would reflect a balance of ₹.4,45,42,733/- instead of ₹.4,37,16,202/-.
5. Before us, while reiterating the submissions as made before the authorities below
