ACIT, MADURAI vs. A.N.PALANISAMY (HUF), SIVAKASI

In the result, both appeals of the Revenue in ITA Nos

Bench: Shri Chandra Poojari & Shri S.S. Godara

234B and 234C has to be calculated when the provisions of Section 132B provide for adjustment of cash seized only against the existing liability and such existing liability arises on completion of the assessment and demand is created’’. 3. The facts of the case as narrated in ITA No.947/2014 is as below. There was a search conducted in the business

ACIT, MADURAI vs. G.SHANMUGARAJ (HUF), SIVAKASI

In the result, both appeals of the Revenue in ITA Nos

Bench: Shri Chandra Poojari & Shri S.S. Godara

234B and 234C has to be calculated when the provisions of Section 132B provide for adjustment of cash seized only against the existing liability and such existing liability arises on completion of the assessment and demand is created’’. 3. The facts of the case as narrated in ITA No.947/2014 is as below. There was a search conducted in the business

INTIMATE FASHIONS (INDIA) PVT. LTD.,KANCHEEPURAM vs. DCIT, CHENNAI

In the result, appeal filed by the assessee in IT (TP) A No

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha.G, Hon’Bleit (Tp) A No.48/Chny/2019 It (Tp) A No.54/Chny/2018 & िनधा"रण वष" /Assessment Years: 2009-10, 2011-12, 2014-15 & 2015-16 M/S.Intimate Fashions (India)- V. The Dcit / Jcit, Pvt. Ltd., Corporate Circle-2(2), 517-519, Chennai. Tirupporur Kottamedu High Road, Nandhivaram Village, Guduvancheri-603 202. Kanchipuram District.

234B and 234C of the Act. 12. The learned AO has erred in initiating penalty proceedings under section 271(1)(c) of the Act The Appellant craves leave to add to / alter / amend / substitute any of the above grounds of appeal, at the time, before or at the time of hearing of the appeal, so as to enable the Appellate

INTIMATE FASHIONS (INDIA) PVT. LTD.,KANCHIPURAM vs. DCIT CORPORATE CIRCLE 2(2), CHENNAI

In the result, appeal filed by the assessee in IT (TP) A No

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha.G, Hon’Bleit (Tp) A No.48/Chny/2019 It (Tp) A No.54/Chny/2018 & िनधा"रण वष" /Assessment Years: 2009-10, 2011-12, 2014-15 & 2015-16 M/S.Intimate Fashions (India)- V. The Dcit / Jcit, Pvt. Ltd., Corporate Circle-2(2), 517-519, Chennai. Tirupporur Kottamedu High Road, Nandhivaram Village, Guduvancheri-603 202. Kanchipuram District.

234B and 234C of the Act. 12. The learned AO has erred in initiating penalty proceedings under section 271(1)(c) of the Act The Appellant craves leave to add to / alter / amend / substitute any of the above grounds of appeal, at the time, before or at the time of hearing of the appeal, so as to enable the Appellate

SANTECH SOLUTONS PVT LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal of the assessee is treated as 9

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. No.1036/Mds/2016 "नधा"रण वष" /Assessment Year : 2008-2009

depreciation for deduction of ₹1,50,74,601/- in place of ₹6,44,589/- is not admissible’’. Thus, the only reasonable conclusion that can be drawn is that ld. Assessing Officer, while framing the original assessment was aware of the recovery of "1,05,93,698/- made by the assessee on its semi finished M/s. Health Q Software product from

TAMILNADU SMALL AND TINY INDUSTRIES LIMITED,CHENNAI vs. ITO, EXEMPTIONS WARD 4, CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.1415/Chny/2024 िनधा9रण वष9 /Assessment Year: 2015-16 Tamilnadu Small & Tiny Industries The Income Tax Officer Association, Vs. (Exemptions), No.10, Gst Road, Guindy, Ward-4, Chennai – 600 032. Chennai. [Pan: Aaatt 2207J]

depreciation of Rs.4,53,727/- made y the Assessing Officer for the reason that the appellant has already claimed the cost price of the capital assets (purchased in earlier accounting years) as application of income in such years. Levy of interest under sections 234A and 234B

LOTUS FOOTWEAR ENTERPRISES LIMITED-INDIA BRANCH,TIRUVANNAMALAI vs. DCIT, INTERNATIONAL TAX 1(2), CHENNAI

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./It(Tp)A No.: 20/Chny/2021 &

depreciation. IV. Allowance of MAT credit 12. The lower authorities have erred in not allowing the credit of taxes paid under section 115JB of INR 46,54,86,95 as disclosed in the return of income of the Appellant. V. Consequential Relief 13. The respondent erred in charging interest under Section 234B

LOTUS FOOTWEAR ENTERPRISES LIMITED-INDIA BRANCH,TIRUVANNAMALAI vs. DCIT, INTERNATIONAL TAX 1(2), CHENNAI

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./It(Tp)A No.: 20/Chny/2021 &

depreciation. IV. Allowance of MAT credit 12. The lower authorities have erred in not allowing the credit of taxes paid under Section 115JB of INR 46,54,86,95 as disclosed in the return of income of the Appellant. V. Consequential Relief 13. The respondent erred in charging interest under Section 234B

LOTUS FOOTWEAR ENTERPRISES LIMITED-INDIA BRANCH,TIRUVANNAMALAI vs. DCIT, INTERNATIONAL TAX 1(2), CHENNAI

In the result all the four appeals of the assessee are allowed

Bench: Shri Aby T Varkey & Shri S. R. Raghunatha

depreciation. IV. Allowance of MAT credit 12. The lower authorities have erred in not allowing the credit of taxes paid under section 115JB of INR 46,54,86,95 as disclosed in the return of income of the Appellant. V. Consequential Relief 13. The respondent erred in charging interest under Section 234B

SNJ DISTILLERS PVT LTD.,CHENNAI vs. ACIT CENTRAL CIRCLE-2(1), CHENNAI

In the result, the appeals filed by the Revenue for Asst

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./I.T.A.Nos.2703, 2704, 2705/Chny/2019, ("नधा"रण वष" / Assessment Years: 2014-15,2015-16 & 2016-17) The Dcit, Vs M/S. Snj Distillers Pvt. Ltd. Central Circle 2(1), Old No.47, New No.99, Chennai – 600 034. Canal Bank Road, Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./I.T.A.Nos.2194, 2195 & 2993/Chny/2019, ("नधा"रण वष" / Assessment Years: 2015-16, 2016-17 & 2017-18) Vs The Acit, M/S. Snj Distillers Pvt. Ltd. Old No.47, New No.99, Central Circle 2(1), Canal Bank Road, Chennai – 600 034. Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) "नधा"रतीक" ओर से/Assessee By : Shri D. Anand, Advocate : राज"कीओरसे /Revenue By Shri Ar.V. Sreenivasan, Addl.Cit : सुनवाई क" तार"ख/Date Of Hearing 13.10.2020 घोषणा क" तार"ख /Date Of Pronouncement : 04.11.2020

234B and 234C of the Act. 6. The Appellant craves leave to file additional grounds/arguments at the time of hearing. 4. The brief facts of the case are that the assessee company is engaged in the business of manufacturing and sales of distillery products. The assessee company manufactured and sold goods only to Tamil Nadu State Marketing Corporation. The assessee

DCIT, CC-2(1),, CHENNAI vs. M/S. SNJ DISTILLERS PVT. LTD., CHENNAI

In the result, the appeals filed by the Revenue for Asst

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./I.T.A.Nos.2703, 2704, 2705/Chny/2019, ("नधा"रण वष" / Assessment Years: 2014-15,2015-16 & 2016-17) The Dcit, Vs M/S. Snj Distillers Pvt. Ltd. Central Circle 2(1), Old No.47, New No.99, Chennai – 600 034. Canal Bank Road, Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./I.T.A.Nos.2194, 2195 & 2993/Chny/2019, ("नधा"रण वष" / Assessment Years: 2015-16, 2016-17 & 2017-18) Vs The Acit, M/S. Snj Distillers Pvt. Ltd. Old No.47, New No.99, Central Circle 2(1), Canal Bank Road, Chennai – 600 034. Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) "नधा"रतीक" ओर से/Assessee By : Shri D. Anand, Advocate : राज"कीओरसे /Revenue By Shri Ar.V. Sreenivasan, Addl.Cit : सुनवाई क" तार"ख/Date Of Hearing 13.10.2020 घोषणा क" तार"ख /Date Of Pronouncement : 04.11.2020

234B and 234C of the Act. 6. The Appellant craves leave to file additional grounds/arguments at the time of hearing. 4. The brief facts of the case are that the assessee company is engaged in the business of manufacturing and sales of distillery products. The assessee company manufactured and sold goods only to Tamil Nadu State Marketing Corporation. The assessee

SNJ DISTILLERS PVT LTD.,CHENNAI vs. ACIT CENTRAL CIRCLE-2(1), CHENNAI

In the result, the appeals filed by the Revenue for Asst

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./I.T.A.Nos.2703, 2704, 2705/Chny/2019, ("नधा"रण वष" / Assessment Years: 2014-15,2015-16 & 2016-17) The Dcit, Vs M/S. Snj Distillers Pvt. Ltd. Central Circle 2(1), Old No.47, New No.99, Chennai – 600 034. Canal Bank Road, Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./I.T.A.Nos.2194, 2195 & 2993/Chny/2019, ("नधा"रण वष" / Assessment Years: 2015-16, 2016-17 & 2017-18) Vs The Acit, M/S. Snj Distillers Pvt. Ltd. Old No.47, New No.99, Central Circle 2(1), Canal Bank Road, Chennai – 600 034. Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) "नधा"रतीक" ओर से/Assessee By : Shri D. Anand, Advocate : राज"कीओरसे /Revenue By Shri Ar.V. Sreenivasan, Addl.Cit : सुनवाई क" तार"ख/Date Of Hearing 13.10.2020 घोषणा क" तार"ख /Date Of Pronouncement : 04.11.2020

234B and 234C of the Act. 6. The Appellant craves leave to file additional grounds/arguments at the time of hearing. 4. The brief facts of the case are that the assessee company is engaged in the business of manufacturing and sales of distillery products. The assessee company manufactured and sold goods only to Tamil Nadu State Marketing Corporation. The assessee

DCIT, CC-2(1),, CHENNAI vs. M/S. SNJ DISTILLERS PVT. LTD.,, CHENNAI

In the result, the appeals filed by the Revenue for Asst

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./I.T.A.Nos.2703, 2704, 2705/Chny/2019, ("नधा"रण वष" / Assessment Years: 2014-15,2015-16 & 2016-17) The Dcit, Vs M/S. Snj Distillers Pvt. Ltd. Central Circle 2(1), Old No.47, New No.99, Chennai – 600 034. Canal Bank Road, Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./I.T.A.Nos.2194, 2195 & 2993/Chny/2019, ("नधा"रण वष" / Assessment Years: 2015-16, 2016-17 & 2017-18) Vs The Acit, M/S. Snj Distillers Pvt. Ltd. Old No.47, New No.99, Central Circle 2(1), Canal Bank Road, Chennai – 600 034. Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) "नधा"रतीक" ओर से/Assessee By : Shri D. Anand, Advocate : राज"कीओरसे /Revenue By Shri Ar.V. Sreenivasan, Addl.Cit : सुनवाई क" तार"ख/Date Of Hearing 13.10.2020 घोषणा क" तार"ख /Date Of Pronouncement : 04.11.2020

234B and 234C of the Act. 6. The Appellant craves leave to file additional grounds/arguments at the time of hearing. 4. The brief facts of the case are that the assessee company is engaged in the business of manufacturing and sales of distillery products. The assessee company manufactured and sold goods only to Tamil Nadu State Marketing Corporation. The assessee

SNJ DISTILLERS PVT LTD.,CHENNAI vs. ACIT CENTRAL CIRCLE-2(1), CHENNAI

In the result, the appeals filed by the Revenue for Asst

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./I.T.A.Nos.2703, 2704, 2705/Chny/2019, ("नधा"रण वष" / Assessment Years: 2014-15,2015-16 & 2016-17) The Dcit, Vs M/S. Snj Distillers Pvt. Ltd. Central Circle 2(1), Old No.47, New No.99, Chennai – 600 034. Canal Bank Road, Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./I.T.A.Nos.2194, 2195 & 2993/Chny/2019, ("नधा"रण वष" / Assessment Years: 2015-16, 2016-17 & 2017-18) Vs The Acit, M/S. Snj Distillers Pvt. Ltd. Old No.47, New No.99, Central Circle 2(1), Canal Bank Road, Chennai – 600 034. Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) "नधा"रतीक" ओर से/Assessee By : Shri D. Anand, Advocate : राज"कीओरसे /Revenue By Shri Ar.V. Sreenivasan, Addl.Cit : सुनवाई क" तार"ख/Date Of Hearing 13.10.2020 घोषणा क" तार"ख /Date Of Pronouncement : 04.11.2020

234B and 234C of the Act. 6. The Appellant craves leave to file additional grounds/arguments at the time of hearing. 4. The brief facts of the case are that the assessee company is engaged in the business of manufacturing and sales of distillery products. The assessee company manufactured and sold goods only to Tamil Nadu State Marketing Corporation. The assessee

DCIT, CC-2(1),, CHENNAI vs. M/S. SNJ DISTILLERS PVT. LTD.,, CHENNAI

In the result, the appeals filed by the Revenue for Asst

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./I.T.A.Nos.2703, 2704, 2705/Chny/2019, ("नधा"रण वष" / Assessment Years: 2014-15,2015-16 & 2016-17) The Dcit, Vs M/S. Snj Distillers Pvt. Ltd. Central Circle 2(1), Old No.47, New No.99, Chennai – 600 034. Canal Bank Road, Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./I.T.A.Nos.2194, 2195 & 2993/Chny/2019, ("नधा"रण वष" / Assessment Years: 2015-16, 2016-17 & 2017-18) Vs The Acit, M/S. Snj Distillers Pvt. Ltd. Old No.47, New No.99, Central Circle 2(1), Canal Bank Road, Chennai – 600 034. Cit Nagar, Nandanam, Chenani – 600 035. Pan: Aalcs9312F (अपीलाथ"/Appellant) (""यथ"/Respondent) "नधा"रतीक" ओर से/Assessee By : Shri D. Anand, Advocate : राज"कीओरसे /Revenue By Shri Ar.V. Sreenivasan, Addl.Cit : सुनवाई क" तार"ख/Date Of Hearing 13.10.2020 घोषणा क" तार"ख /Date Of Pronouncement : 04.11.2020

234B and 234C of the Act. 6. The Appellant craves leave to file additional grounds/arguments at the time of hearing. 4. The brief facts of the case are that the assessee company is engaged in the business of manufacturing and sales of distillery products. The assessee company manufactured and sold goods only to Tamil Nadu State Marketing Corporation. The assessee

PLR TEXTILES LTD.,CHENNAI vs. THE ACIT ,CORPORATE CIRCLE-5(2), CHENNAI

In the result the appeal of the assessee is partly allowed

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकरअपीलसं./Ita No.: 133/Chny/2021 िनधा"रणवष" / Assessment Year: 2005-06 Plr Textiles Ltd., The Acit, 8K, Century Plaza, V. Corporate Circle -5(2), 560-562, Mount Road, Chennai – 641 034. Chennai – 600 018. [Pan: Aaacp-6536-D] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ"कीओरसे/Appellant By : Mr. R. Vijayaraghavan, Advocate ""थ"कीओरसे/Respondent By : Ms. Anitha, Addl. Cit सुनवाई की तारीख/Date Of Hearing : 06.02.2025 घोषणा की तारीख/Date Of Pronouncement : 27.03.2025 आदेश /O R D E R Per S. R. Raghunatha: This Appeal By The Assessee Is Filed Against The Order Of The Commissioner Of Income Tax (Appeals)-3, Chennai, Vide Ita No.153/Cit(A)-3/2018-19For The Assessment Year 2005-06, Dated 13.03.2020. 2. At The Outset, We Find That There Is A Delay Of 346 Days In Appeal Filed By The Assessee, For Which Petition For Condonation Of Delay Along With Reasons For Delay Has Been Filed. After Considering The Petition Filed By The Assessee, Reason For Delay In Filing The Appeal Was Due To Covid-19 Pandemic & Also Hearing Both The :-2-:

234B and 234C are charged as per law. Demand notice u/s 156 is enclosed. 7. Aggrieved by the order of the AO, the assessee preferred an appeal before the ld. CIT(A) – 3, Chennai. Before the ld.CIT(A), the assessee filed a detailed written submission in respect of delay in passing the order giving effect by the AO and hence

ARUN EXCELLO URBAN INFRASTRUCTURE PVT. LTD.,CHENNAI vs. DCIT, CHENNAI

In the result appeal filed by Revenue in ITA No

Bench: Shri Mahavir Singh, Vice- & Shri G.Manjunatha

234B of the Act in consequence to the above disallowance” 3. Brief facts of the case extracted from ITA No.537/Chny/2020 are that the assessee is engaged in the business of industrial civil and mechanical constructions. The assessee has filed its return of income for assessment year 2014-15 on 29.11.2014 admitting total loss of Rs.2,71,24,844/- The case

M/S. ARUN EXCELLO URBAN INFRASTRUCTURE PVT. LTD.,,CHENNAI vs. ACIT, CORPORATE CIRCLE - 1(1),, CHENNAI

In the result appeal filed by Revenue in ITA No

Bench: Shri Mahavir Singh, Vice- & Shri G.Manjunatha

234B of the Act in consequence to the above disallowance” 3. Brief facts of the case extracted from ITA No.537/Chny/2020 are that the assessee is engaged in the business of industrial civil and mechanical constructions. The assessee has filed its return of income for assessment year 2014-15 on 29.11.2014 admitting total loss of Rs.2,71,24,844/- The case