INTERNATIONAL SEAPORT DREDGING PRIVATE LIMITED,CHENNAI vs. PCIT - 1, CHENNAI

In the result, the appeal of the assessee is allowed

Bench: HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM AND HON’BLE SHRI MANU KUMAR GIRI (Judicial Member)

Depreciation and allowance under section 35(4)” in Income Tax Return for AY 2016-17 and find that the impugned order is not sustainable for the following reasons: i. The observation of the ld.CIT that Assessment order dated 28.03.2022 u/s 147 read with section 144B

M/S.MAHOGANY LOGISTICS SERVICES PVT. LTD.,MADURAI vs. PCIT, MADURAI-1

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

Bench: Shri S.S. Viswanethra Ravi & Shri S.R. Raghunathaआयकर अपील सं./I.T.A. No.1631/Chny/2024 िनधा"रण वष"/Assessment Year: 2018-19 M/S. Mahogany Logistics Services Vs. The Principal Commissioner Of Private Limited, Income Tax-1, 10, Jawahar Road, Chokkikulam, Madurai. Madurai 625 002. [Pan:Aafcd8781R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri N.V. Balaji, Advocate ""थ" की ओर से/Respondent By : Shri S. Senthil Kumaran, Cit सुनवाई की तारीख/ Date Of Hearing : 30.04.2025 घोषणा की तारीख /Date Of Pronouncement : 28.07.2025 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 30.03.2024 Passed By The Ld. Principal Commissioner Of Income Tax 1, Madurai Under Section 263 Of The Income Tax Act, 1961 [“Act” In Short] For The Assessment Year 2018-19. 2. Brief Facts Of The Case Are That The Assessee Company [Earlier Known As M/S. Drsr Logistics Services Private Limited] Filed Its Return Of Income For The Ay 2018-19 Claiming Loss Of ₹.31,28,98,436/- Under 2

144B of the Act dated 16.09.2021 is erroneous in so far it is prejudicial to the interest of the revenue and accordingly, set aside the assessment order and directed the Assessing Officer to pass a fresh assessment after making necessary enquiries and verification including the observations made at para 7 to 9 of the revision order passed under section

CT. RAMANATHAN (HUF),PUDUKKOTTAI vs. PCIT 1, MADURAI

Appeal of the assessee is allowed

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri S.R. Raghunathaआयकर अपील सं./Ita No.761/Chny/2025 Assessment Years: 2020-21 C.T.Ramanathan(Huf), Income Tax Officer, No.7/45, Ct.Rm.S.House, M.St.S. Street Ward-1, Kulipirai, Pudukottai Dist, Pudukottai. Tamil Nadu-622 402. [Pan: Aaahc0701L] (प्रत्यर्थी/Respondent) (अपीलार्थी/Appellant) अपीलार्थी की ओर से/ Assessee By : Mr.V.Subbarayan, Dcit(Retd.) प्रत्यर्थी की ओर से /Revenue By : Mr.M.K.Biju, Cir Dr By Virtual. सुनवाई की तारीख/Date Of Hearing : 03.06.2025 घोषणा की तारीख /Date Of Pronouncement : 25.06.2025 आदेश / O R D E R

section 143(3) r.w.s. 144B of the Income Tax Act, 1961, the assessing officer has raised long questionnaire/queries relating to agricultural income. The chorological events written submissions of the assessee are find mentioned from Pages 4-10 of the CIT order. However, the ld. CIT rejected the contentions of the assessee and held as under: “….But it is seen from

DR AXION INDIA PRIVATE LIMITED,THIRUVALLUR vs. ACIT,NFAC, DELHI

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

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.301/Chny/2022 िनधा"रण वष"/Assessment Year: 2018-19 Dr Axion India Private Limited, Vs. The Assistant Commissioner Of No. 7, Othappai Village, Uthukottai, Income Tax, Thiruvallur, Tamil Nadu 602 023. Corporate Circle 1(1), Chennai. [Pan:Aaccd5071D] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Dr. Abishek Murali, F.C.A. ""थ" की ओर से/Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 29.11.2022 घोषणा की तारीख /Date Of Pronouncement : 02.12.2022 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), New Delhi Dated 04.04.2022 Relevant To The Assessment Year 2018-19. 2. Brief Facts Of The Case Are That The Assessee Filed Its Return Of Income For The Assessment Year 2018-19 On 21.11.2018 Declaring Total Income Of ₹.9,90,18,014/-. The Case Was Selected For Complete

144B of the Act dated 21.04.2021 determining total taxable income at ₹.10,64,35,666/- after making various additions. 3. With regard to the addition towards disallowance of business expenditure claimed under section 36(1)(va) of the Act, towards belated payment of PF contribution amounting to ₹.22,67,652/-. Since the appeal against the order under section

INDIA JAPAN LIGHTING PRIVATE LIMITED,CHENNAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX - 4, CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Manu Kumar Giri & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1427/Chny/2025 िनधा"रण वष"/Assessment Year: 2021-22 V. M/S. India Japan Lighting Pvt. Ltd., The Pcit-4, No.1, Tiruvallur High Road, Chennai. Puduchatram B.O., Thirumazhisai, Tiruvallur-600 124. [Pan: Aaaci 2673 L] (अपीलाथ"/Appellant) (""यथ"/Respondent)

depreciation is to be allowed in respect of this expenditure on account of royalty. 07. In view of the aforesaid discussion, the assessment order passed under section u/s 143(3) r.w.s. 144B

VERSATILE CARD TECHNOLOGY PRIVATE LIMITED ,SIDCO,CHROMEPET,CHENNAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, CHENNAI-3, INCOME TAX OFFICE, MAIN BUILDING - IV FLOOR, NUNGAMBAKKAM, CHENNAI

Bench: Shri Aby T. Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 1392/Chny/2024 िनधा"रणवष" / Assessment Year: 2016-17 Versatile Card Technology Private Principal Commissioner Of Limited, V. Income Tax, Chennai -3, Ac-21, 4Th Main Road, Sidco Income Tax Office, Main Industrial Estate, Building, Iv Floor, Thirumudivakkam, Nungambakkam, Chennai. Chrompet, Chennai – 600 044. [Pan:Aabcv-0567-B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. Gopal Krishna Raju, Ca ""यथ"क"ओरसे/Respondent By : Shri. Nilay Baran Som, Cit सुनवाई क" तारीख/Date Of Hearing : 06.08.2024 घोषणा क" तारीख/Date Of Pronouncement : 18.10.2024 आदेश /O R D E R

144B of the I.T.Act on 15.03.2022 by the Faceless Assessing Officer is erroneous and prejudicial to the interest of revenue in terms of clause (a) and clause (b) of Explanation 2 under sub-section(1) of section 263 of the Income-tax Act, 1961.Hence, this is fit case for initiating proceedings u/s 263 of the Income

DEPUTY COMMISSIONER OF INCOMETAX , CHENNAI vs. M/S. INDIAN OVERSEAS BANK, CHENNAI

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

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

section 144B of the Act on 23.03.2024 wherein the following additions/disallowances were made: (a) Disallowance u/s.36(1)(via) to the tune of Rs.23,81,41,32,548/-. (b) Disallowance on expenditure of Prior Period of Rs.1,09,49,423/-. (c) Disallowance of loss on translation of monetary items of Rs.1,30,27,47,570/-. (d) Disallowance of excess depreciation

YUGENDIRAN VISHNUPRIYA,CHENNAI vs. ITO, WARD-2(2), CHENNAI

The appeals of the assessee are allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.3241 &3242/Chny/2024 (िनधा"रणवष" / Assessment Years: 2016-2017 & 2017-18) Yugendiran Vishnupriya Vs. Income Tax Officer, Door No.284/3, International Tax, Thiruveni Colony, Bellyarea, Ward 2(2) Anna Nagar, Chennai-600040 Chennai. [Pan: Apzpv 9903M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Mr. Y. Sridhar, F.C.A ""यथ" क" ओर से /Respondent By : Mr. R. Clement Ramesh Kumar, Cit सुनवाई क" तार"ख/Date Of Hearing : 25.02.2025 घोषणा क" तार"ख /Date Of Pronouncement : 25.03.2025 आदेश / O R D E R Per Manu Kumar Giri ()

depreciation allowance or any other allowance, as the case may be, for the concerned assessment year in the case of an assessee if he has reason to believe that income chargeable to tax has escaped assessment, subject to the provisions of Sections 148 to 153. A pre-condition to initiate proceedings under Section 147 is the issuance of notice under

YUGENDIRAN VISHNUPRIYA,CHENNAI vs. ITO, WARD-2(2), CHENNAI

The appeals of the assessee are allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.3241 &3242/Chny/2024 (िनधा"रणवष" / Assessment Years: 2016-2017 & 2017-18) Yugendiran Vishnupriya Vs. Income Tax Officer, Door No.284/3, International Tax, Thiruveni Colony, Bellyarea, Ward 2(2) Anna Nagar, Chennai-600040 Chennai. [Pan: Apzpv 9903M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Mr. Y. Sridhar, F.C.A ""यथ" क" ओर से /Respondent By : Mr. R. Clement Ramesh Kumar, Cit सुनवाई क" तार"ख/Date Of Hearing : 25.02.2025 घोषणा क" तार"ख /Date Of Pronouncement : 25.03.2025 आदेश / O R D E R Per Manu Kumar Giri ()

depreciation allowance or any other allowance, as the case may be, for the concerned assessment year in the case of an assessee if he has reason to believe that income chargeable to tax has escaped assessment, subject to the provisions of Sections 148 to 153. A pre-condition to initiate proceedings under Section 147 is the issuance of notice under

HYUNDAI TRANSYS INC,REPUBLIC OF KOREA vs. DEPUTY COMMISSIONER OF INCOME TAX, INTERNATIONAL TAX, CORPORATE CIRCLE 1(1), CHENNAI, CHENNAI

Appeal of the assessee is allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.338/Chny/2024 (िनधा"रणवष" / Assessment Year: 2015-2016) Hyundai Transys Inc, Vs. The Deputy Commissioner Of 105, Sindang Income Tax, 1 Ro Seongyeon, International Tax, Myeon, Corporate Circle 1(1) Seosan, Ccn 356851 Chennai. Korea.

depreciation allowance or any other allowance, as the case may be, for the concerned assessment year in the case of an assessee if he has reason to believe that income chargeable to tax has escaped assessment, subject to the provisions of Sections 148 to 153. A pre-condition to initiate proceedings under Section 147 is the issuance of notice under

ASSISTANT COMMISSIONER OF INCOME TAX, MADURAI vs. S.RAJENDRAN, CHITHARAL PO

In the result both the appeals of the revenue are dismissed

depreciation was also found to be incorrect.", "result": "Dismissed", "sections": [ "147", "148", "143(3)", "68", "46A", "263", "144B", "41(1)", "115BBE

ASSISTANT COMMISSIONER OF INCOME TAX, MADURAI vs. S. RAJENDRAN, CHITHARAL

In the result both the appeals of the revenue are dismissed

depreciation disallowance by the CIT(A) was also upheld.", "result": "Dismissed", "sections": [ "147", "148", "143(3)", "68", "46A", "263", "144B

MVR SHIPPLING SERVICES PVT LTD.,CHENNAI vs. ITO, CORPORAE WARD-4(1), CHENNAI

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

Bench: Shri V. Durga Rao & Shri Manjunatha, G.आयकर अपील सं./I.T.A. No.705/Chny/2023 िनधा"रण वष"/Assessment Year: 2018-19 Mvr Shipping Services Pvt. Ltd., Vs. The Income Tax Officer, No. 3, Jaffar Syrang Street, Parrys, Corporate Ward 4(1), Chennai 600 001. Chennai. [Pan:Aabcm4775G] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri N.V. Narayanan, Advocate ""थ" की ओर से/Respondent By : Shri Ar V Sreenivasan, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 26.06.2023 घोषणा की तारीख /Date Of Pronouncement : 26.06.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi Dated 10.01.2023 Relevant To The Assessment Year 2018-19. 2. The Appeal Filed By The Assessee Is Delayed By 80 Days In Filing The Appeal & Filed A Petition For Condonation Of Delay In Support Of An Affidavit To Which; The Ld. Dr Has Not Raised Any Serious Objection.

depreciation claim, (ii) default in TDS & disallowance for such default & (iii) unsecured loans. Accordingly, notice under section 143(2) of the Act dated 28.09.2019 was issued. Thereafter notice under section 142(1) of the Act along with questionnaire dated 05.12.2019, 30.12.2019, 13.02.2020 and 24.07.2020 were issued. Since there was no response from the assessee, the Assessing Officer has completed

GANGAVALLI EDUCATIONAL TRUST,SALEM vs. ITO, EXEMPTION WARD,, SALEM

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

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.1226/Chny/2025 िनधा"रण वष"/Assessment Year: 2018-19 Gangavalli Educational Trust, Vs. The Income Tax Officer, 9/636, Pallakadu, Naduvalur, Exemptions Ward, Gangavalli, Salem 636 105. Salem. [Pan:Aabtg8124A] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri T.S. Lakshmi Venkataraman, Advocate ""थ" की ओर से/Respondent By : Shri Vijay Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 18.06.2025 घोषणा की तारीख /Date Of Pronouncement : 30.06.2025 आदेश /O R D E R Per S.S. Viswanethra Ravi:

144B of the Act dated 17.04.2021. On appeal, the ld. CIT(A) confirmed the addition made by 3 I.T.A. No.1226/Chny/25 the Assessing Officer and dismissed the appeal of the assessee for non-compliance to the hearing notices issued by the ld. CIT(A). 4. The ld. AR Shri T.S. Lakshmi Venkataraman, F.C.A., pending condonation of delay in filing Form

PARAMASIVA NAIDU MUTHUVELRAJ EDUCATIONAL TRUST,CHENNAI vs. ITO, EXEMPTIONS WARD-3,, CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

depreciation claim. On perusal of the documents submitted by the assessee, the assessment was completed by the Assessment Unit, Income Tax Department for A.Y 2019-20 by making an addition of Rs.3,01,49,780/- and for A.Y.2020-21 by making an addition of Rs.86,98,468/- u/s.147 r.w.s 144B of the Act on 28.03.2025 and 24.03.2025 respectively. Aggrieved

PARAMASIVA NAIDU MUTHUVELRAJ EDUCATIONAL TRUST,CHENNAI vs. ITO, EXEMPTIONS WARD-3,, CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

depreciation claim. On perusal of the documents submitted by the assessee, the assessment was completed by the Assessment Unit, Income Tax Department for A.Y 2019-20 by making an addition of Rs.3,01,49,780/- and for A.Y.2020-21 by making an addition of Rs.86,98,468/- u/s.147 r.w.s 144B of the Act on 28.03.2025 and 24.03.2025 respectively. Aggrieved

RANI ADAIKALARAJ EDUCATIONAL AND CHARITABLE TRUST ,TRICHY vs. ITO, EXEMPTIONS, TRICHY

In the result the assessee’s appeal is allowed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 575/Chny/2024 िनधा"रणवष" / Assessment Year: 2018-19 Income Tax Officer, Rani Adaikalaraj Educational V. Exemption Ward & Charitable Trust, Income Tax Office, Represented By Managing 44, Williams Road, Cantonment, Trustee – A Joseph Francis, Trichy – 620 001. 7-B, Arokiasamypillai Lane, Crawford, Trichy – 620 012. [Pan:Aaatr-0494-H] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Mr. V.S. Jayakumar, Sr. Counsel For Ms.G. Vardinikarthik, Advocate & Mr. V. Arunachalesh, Advocate & Mr. R. Sumedha, Advocate ""यथ"क"ओरसे/Respondent By : Mr. R. Vikneswaran, Jcit सुनवाई क" तारीख/Date Of Hearing : 04.06.2024 घोषणा क" तारीख/Date Of Pronouncement : 14.08.2024 आदेश /O R D E R

depreciation as the asset was shown in the Balance- sheet. F.The Appellant submits. that the confirmation letter from unsecured creditors to tune in of Rs.37,79,505/- were obtained only in January 2024 and the same may be directed to be considered afresh 6. Denial of Principles of Natural Justice A. The CIT(A) erred in not giving due credence

M/S. R.K. INVESTMENTS,CHENNAI vs. DCIT, NCC-3(1),, CHENNAI

The appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1159/Chny/2024 (िनधा*रणवष* / Assessment Year: 2014-15) M/S. R.K. Investments Dcit Ground Floor, Block-Iv, Non-Corporate Circle-3(1) बनाम/ No.184-187,Temple Steps, Chennai. Vs. Anna Salai Little Mount, Chennai-600 015. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaafr-3413-Q (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri R. Vijayaraghavan (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri R. Clement Ramesh Kumar (Cit) -Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 31-07-2024 घोषणाकीतारीख /Date Of Pronouncement : 12-08-2024 आदेश / O R D E R

144B of the Act on 28- 03-2022. The grounds taken by the assessee are as under: - 1. The Order of Principal Commissioner of lncome tax is contrary to law facts and circumstances of the case. 2. The PCIT erred in assuming jurisdiction in as much as the very issue whether the land transferred was agricultural land subject matter