THANUSHKODI NARAYANAN,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(2), CHENNAI

In the result, the appeals filed by the assessees in ITA Nos

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

Disallowance 25,200 25,200 25,200 25,200 25,200 u/s 24a (12.6) (12.6) (12.6) (13.6) (13.6) Fair rent 3,40,000 3,40,000 3,40,000 3,40,000 3,40,000 (12.7) (12.7) (12.7) (12.7) (13.7) Deemed 1,38,70,048 - - - - - dividend (14.1 – 14.13) Addition under 92,95,305 - - - - - Section

THANUSHKODI NARAYANAN,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(2), CHENNAI

In the result, the appeals filed by the assessees in ITA Nos

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

Disallowance 25,200 25,200 25,200 25,200 25,200 u/s 24a (12.6) (12.6) (12.6) (13.6) (13.6) Fair rent 3,40,000 3,40,000 3,40,000 3,40,000 3,40,000 (12.7) (12.7) (12.7) (12.7) (13.7) Deemed 1,38,70,048 - - - - - dividend (14.1 – 14.13) Addition under 92,95,305 - - - - - Section

THANUSHKODI NARAYANAN,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(2), CHENNAI

In the result, the appeals filed by the assessees in ITA Nos

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

Disallowance 25,200 25,200 25,200 25,200 25,200 u/s 24a (12.6) (12.6) (12.6) (13.6) (13.6) Fair rent 3,40,000 3,40,000 3,40,000 3,40,000 3,40,000 (12.7) (12.7) (12.7) (12.7) (13.7) Deemed 1,38,70,048 - - - - - dividend (14.1 – 14.13) Addition under 92,95,305 - - - - - Section

THANUSHKODI NARAYANAN,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(2), CHENNAI

In the result, the appeals filed by the assessees in ITA Nos

24a 25,200 (12.6)\nFair rent 3,40,000 (12.7)\nDeemed dividend (14.1-14.13)\nAddition under Section 56(2)(vii)(c) 92,95,305 (15.1-15.5)\nForeign Travel Expenses\nUnexplained investment u/s 69\nUnexplained money

THANUSHKODI NARAYANAN,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(2), CHENNAI

section 153A of the Act. This is consistent with the legal\nposition explained in both CIT v. Kabul Chawla (supra) (which still holds the field)\nand Pr. CIT v. Meeta Gutgutia Proprietor Ferns 'N' Petals (supra). Dr. Rakesh\nGupta, learned counsel for the Assessee appearing on advance notice produced\nbefore this Court copy of an order dated 2nd July

JOTHI NARAYANAN,CHENNAI vs. DCIT, CENTRAL CIRCLE-2(2), CHENNAI

section 153A of the Act. This is consistent with the legal position explained in both CIT v. Kabul Chawla (supra) (which still holds the field) and Pr. CIT v. Meeta Gutgutia Proprietor Ferns 'N' Petals (supra). Dr. Rakesh Gupta, learned counsel for the Assessee appearing on advance notice produced before this Court copy of an order dated 2nd July