In the result, the appeal filed by the assessee is dismissed in above terms
Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri S.R. Raghunathaआयकर अपील सं./Ita No.1628/Chny/2024 िनधा"रण वष"/Assessment Year: 2014-2015 Thenmozhi Ganesan, The Principal Commissioner Of 13A, Collectorate, Vs. Income Tax, Indira Nagar, Madurai. Dindigul 624 004. Pan: Adtpt 8145C (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. S. Bhupendran, Advocate ""यथ" क" ओर से/Respondent By : Shri. Nilay Baran Som, Irs, Cit. सुनवाई क" तारीख/Date Of Hearing : 25.09.2024 घोषणा क" तारीख/Date Of Pronouncement : 30.09.2024 आदेश /O R D E R Per Manu Kumar Giri () The Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Principal Commissioner Of Income Tax, Madurai-1 [‘Pcit’ I Short] Dated 25.03.2024 For Assessment Years 2014-15. 2. The Assessee Has Assailed The Impugned Order On 1-5 Grounds Which Are As Under: Ita No.1628 /Chny/2024 ‘’1) The Order Of The Learned Pcit Is Bad & Erroneous In Law. 2) The Learned Pcit Erred In Not Considering The Submission Filed By The Appellant In Proper Perspective. 3) The Learned Pcit Erred In Not Considering The Scope & Effect Of The Amendment Made In Section 40(A)(Ia) In Proper Perspective. 4) The Order By The Learned Pcit Directing The Assessing Officer To Pass A Fresh Assessment Order By Disallowing 100 Percent U/S. 40(A)(Ia), Without Cancelling The Earlier Assessment Order, As Mandated By Section 263 Is Bad In Law. 5) Invoking Section 263, When The Issue Of Disallowance U/S. 40(A)(Ia), At The Time Of Passing The Assessment Order Dated 10/03/2022 U/S.148, Was Not Free From Doubt, Is Not Legally Tenable’.
13A, Collectorate, Vs. Income Tax, Indira Nagar, Madurai. Dindigul 624 004. PAN: ADTPT 8145C (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant by : Shri. S. Bhupendran, Advocate ""यथ" क" ओर से/Respondent by : Shri. Nilay Baran Som, IRS, CIT. सुनवाई क" तारीख/Date of Hearing : 25.09.2024 घोषणा क" तारीख/Date of Pronouncement : 30.09.2024 आदेश