DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, TIRUVANNAMALAI

In the result, all the six appeals of the Revenue are\ndismissed

270A / 271AA\nof the Act. The relevant Assessment Years are 2015-16, 2017-18,\nto 2021-22. The details of the respective appeals preferred by the\nRevenue are as under: -\nS.\nNo.\nITA No.\nAY\nDate\norder\nCIT(A)\nof Date\nof Penalty\nof order of AO levied by\nthe AO\nu/s.\nAmount of\npenalty\nlevied (Rs.)\n1\n1650/Chny/2025\n2015

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, TIRUVANNAMALAI

270A / 271AA\nof the Act. The relevant Assessment Years are 2015-16, 2017-18,\nto 2021-22. The details of the respective appeals preferred by the\nRevenue are as under: -\nS.\nNo.\nITA No.\nAY\nDate\norder\nCIT(A)\nof\nDate\nof\norder of AO\nPenalty\nlevied by\nthe AO\nu/s.\nAmount of\npenalty\nlevied (Rs.)\n1\n1650/Chny/2025\n2015

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, THIRUVANNAMALAI

270A / 271AA\nof the Act. The relevant Assessment Years are 2015-16, 2017-18,\nto 2021-22. The details of the respective appeals preferred by the\nRevenue are as under: -\nS.\nNo.\nITA No.\nAY\nDate\nof\norder\nCIT(A)\nof\nDate\nof\norder of AO\nPenalty\nlevied by\nthe AO\nu/s.\nAmount of\npenalty\nlevied (Rs.)\n1\n1650/Chny/2025\n2015

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, THIRUVANNAMALAI

In the result, all the six appeals of the Revenue are\ndismissed

270A / 271AA\nof the Act. The relevant Assessment Years are 2015-16, 2017-18,\nto 2021-22. The details of the respective appeals preferred by the\nRevenue are as under: -\nS.\nNo.\nITA No.\nAY\nDate\norder\nCIT(A)\nof\nDate\nof\norder of AO\nPenalty\nlevied by\nthe AO\nu/s.\nAmount of\npenalty\nlevied (Rs.)\n1\n1650/Chny/2025\n2015

M/S. AVM PRODUCTIONS,CHENNAI vs. ACIT, NON CORPORATE CIRCLE-20(1), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T. Varkey & Ms. Padmavathy. S

depreciation which is an earlier issue and this cannot be concluded as misreporting or under reporting and no limb of section 270A

SRI BALAGOPALAN JEWELLERYMART ,SOUTH AVANI MOOLA STREET, MADURAI vs. DCIT, CENTRAL CIR 3(3) CHENNAI, INVESTIGATION BUILDING, CHENNAI

In the result, the captioned appeal is allowed for statistical\npurposes

270A was initiated.\nSA No. 141/Chny/2025 (Α.Υ.2018-19)\nITA No:3964/Chny/2025\n:: 3 ::\n3. The Id.CIT(A) in his order has noted that:\nThe appellant-firm has not produced any evidence to show\nthat it controlled, supervised, or financed the cultivation.\nThere is no agreement, correspondence, or accounts showing\npayments made to Ponniamman Farm for carrying out\nagricultural

GATEWAY OFFICE PARKS PRIOVATE LIMITEDI,CHENNAI vs. ACIT, CORPORATE CICLE-6(1), CHENNAI

In the result, the appeal of the assessee is partly allowed

270A for the said previous year.\nExplanation.—For the purposes of this clause, —\n(a) the fair market value of the shares shall be the value-\n(i) as may be determined in accordance with such method as may be prescribed; or\n(ii) as may be substantiated by the company to the satisfaction of the Assessing\nOfficer, based

RAJ TELEISION NETWORK LIMITED,CHENNAI vs. ACIT, NON CORPORAE CIRCLE-20, CHENNAI

In the result both appeals of the assessee are allowed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S.R.Raghunatha, Hon’Bleआयकरअपीलसं./Ita Nos.: 530 & 531/Chny/2024 िनधा"रणवष" / Assessment Years: 2014-15 & 2018-19 Acit, Raj Television Network V. Non Corporate Circle 20, Limited, Chennai – 34. No. 32, Poes Road 2Nd Street, Teynampet, Chennai – 600 018. [Pan: Aaacr-3580-P] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri.K. Balasubramanian, Advocate ""यथ"क"ओरसे/Respondent By : Shri.T.M. Suganthamala, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 31.07.2024 घोषणा क" तारीख/Date Of Pronouncement : 09.08.2024 आदेश /O R D E R

section 263 rightly passed a revisional order setting aside said assessment - Held, yes [In favour of revenue]. Further, it is not demonstrated by the appellant whether the said expenses were recognized or claimed in Asstt. Year 2013-14 or not. Hence, the order of the AO cannot be interfered with, and accordingly, the ground of appeal No. 2 is dismissed

RAJTELEVISION NETWORK LIMITED,CHNNAI vs. ACIT, NON CORPORAE CIRCLE-20, CHENNAI

In the result both appeals of the assessee are allowed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S.R.Raghunatha, Hon’Bleआयकरअपीलसं./Ita Nos.: 530 & 531/Chny/2024 िनधा"रणवष" / Assessment Years: 2014-15 & 2018-19 Acit, Raj Television Network V. Non Corporate Circle 20, Limited, Chennai – 34. No. 32, Poes Road 2Nd Street, Teynampet, Chennai – 600 018. [Pan: Aaacr-3580-P] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri.K. Balasubramanian, Advocate ""यथ"क"ओरसे/Respondent By : Shri.T.M. Suganthamala, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 31.07.2024 घोषणा क" तारीख/Date Of Pronouncement : 09.08.2024 आदेश /O R D E R

section 263 rightly passed a revisional order setting aside said assessment - Held, yes [In favour of revenue]. Further, it is not demonstrated by the appellant whether the said expenses were recognized or claimed in Asstt. Year 2013-14 or not. Hence, the order of the AO cannot be interfered with, and accordingly, the ground of appeal No. 2 is dismissed

ASSISTANT COMMISSIONER OF INCOME TAX CORPORATE CIRCLE 1 1, CHENNAI vs. HITACHI SOLUTIONS INDIA PRIVATE LIMITED , KANCHIPURAM

In the result, the appeal filed by the assessee is allowed and the appeal filed\nby the revenue is dismissed

Bench: SHRI GEORGE GEORGE K, VICE PRESIDENT AND\nSHRI S.R. RAGHUNATHA, ACCOUNTANT MEMBER\nआयकर अपीलसं./IT(TP)A No.: 17/CHNY/2024\nनिर्धारण वर्ष / Assessment Year: 2018-19\nHitachi Solutions India Private\nLimited,\nBlock 5, 10th Floor, 1/124,\nDLF IT Park, Shivaji Gardens,\nMount Poonamallee Road,\nChennai - 600 089.\nThe Deputy Commissioner of\nIncome Tax,\nVs. Corporate Circle- 1(1),\nNo.121, M.G.Road,\nChennai - 600 034.\n[PAN:AAACZ-1544-R]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent)\nआयकर

depreciation, amortization and other non-cash\nexpenses of the Appellant vis-a-vis the comparable companies.\n3. 11. The Ld. CIT(A) I Ld. TPO I Ld. AO have erred, in law and on facts and\ncircumstances of the case, by not making suitable adjustments to account for\ndifferences in the risk profile of the Appellant

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

270A are initiated for under reporting of Income which was in consequence of mis-reporting of income.” 3. On further appeal, the CIT(A) confirmed the addition made by the A.O. It is relevant to note here that the assessee has raised the legal contentions with regard to addition made by the A.O before the CIT(A) and that