DCIT, CENTRALCIRCLE-2(2), CHENNAI vs. SUBRAMANIAM THANU, CHENNAI

In the result, all the appeals filed by the Revenue as well as Cross

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (In I.T.A. Nos.785 To 788/Chny/2023)

disallowance under section 40(a)(ia) of the Act, the Assessing Officer proposed for initiating penalty proceedings under section 271(1)(c)of the Act, which is an identical provisions, where the income escaped assessment or furnishing of inaccurate particulars of income, attracts penalty. It is 7 I.T.A. Nos.785 to 788/Chny/23 & C.O. Nos. 40-43/Chny/23 pertinent to reproduce

DCIT, CENTRALCIRCLE-2(2), CHENNAI vs. SUBRAMANIAM THANU, CHENNAI

In the result, all the appeals filed by the Revenue as well as Cross

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (In I.T.A. Nos.785 To 788/Chny/2023)

disallowance under section 40(a)(ia) of the Act, the Assessing Officer proposed for initiating penalty proceedings under section 271(1)(c)of the Act, which is an identical provisions, where the income escaped assessment or furnishing of inaccurate particulars of income, attracts penalty. It is 7 I.T.A. Nos.785 to 788/Chny/23 & C.O. Nos. 40-43/Chny/23 pertinent to reproduce

DCIT, CENTRALCIRCLE-2(2), CHENNAI vs. SUBRAMANIAM THANU, CHENNAI

In the result, all the appeals filed by the Revenue as well as Cross

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (In I.T.A. Nos.785 To 788/Chny/2023)

disallowance under section 40(a)(ia) of the Act, the Assessing Officer proposed for initiating penalty proceedings under section 271(1)(c)of the Act, which is an identical provisions, where the income escaped assessment or furnishing of inaccurate particulars of income, attracts penalty. It is 7 I.T.A. Nos.785 to 788/Chny/23 & C.O. Nos. 40-43/Chny/23 pertinent to reproduce

JANARDHANAM BALAJI,THIRUVALLUR vs. ITO, THIRUVALLUR

In the result, appeals of the assessee stand dismissed

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

disallowances for want of deduction of tax at source and on business promotion expenses. However, ld. Assessing Officer made a mention in the assessment order that conditions stipulated in Sec. 269SS and 269T in the transactions were violated in the table listed above, thereby attracting penal proceedings u/s. 271D and 271E of the Act. 3. Thereafter notices were issued

SHRI JANARDHANAM BALAJI,,THIRUVALLUR vs. ITO, THIRUVALLUR

In the result, appeals of the assessee stand dismissed

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

disallowances for want of deduction of tax at source and on business promotion expenses. However, ld. Assessing Officer made a mention in the assessment order that conditions stipulated in Sec. 269SS and 269T in the transactions were violated in the table listed above, thereby attracting penal proceedings u/s. 271D and 271E of the Act. 3. Thereafter notices were issued

KISHANLAL & SONS (HUF),CHENNAI vs. ACIT CENTRAL CIRCLE 3(3), CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos.2928, 2929, 2930 & 2931/Chny/2017 "नधा"रण वष" /Assessment Years :2006-07, 2006-07, 2006-07, 2012-13

disallowed. 44. Per contra, ld. Departmental Representative submitted that there was no details or evidence given by the assessee for earning any agricultural income. 45. We have considered the rival contentions and perused the orders of the authorities below. It is not disputed by the Revenue that assessee owned 3.26 acres of land. It might be true that assessee

C.KISHANLAL,CHENNAI vs. DCIT CENTRAL CIRCLE 3(3), CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos.2928, 2929, 2930 & 2931/Chny/2017 "नधा"रण वष" /Assessment Years :2006-07, 2006-07, 2006-07, 2012-13

disallowed. 44. Per contra, ld. Departmental Representative submitted that there was no details or evidence given by the assessee for earning any agricultural income. 45. We have considered the rival contentions and perused the orders of the authorities below. It is not disputed by the Revenue that assessee owned 3.26 acres of land. It might be true that assessee

SHANTHI GOLD HOUSE,CHENNAI vs. ITO, NON CORPORATE WARD-1(6), CHENNAI

In the result, the appeal of the assesse is dismissed

Bench: Shri Ss Viswanethra Ravi & Shri Amitabh Shuklaआयकर अपील सं./Ita No.746/Chny/2024 निर्धारण वर्ा /Assessment Years: 2017-18 Shanthi Gold House, Income Tax Officer, No.72, Usman Road, T.Nagar, Non-Corporate Ward-1(6), Chennai -600 017. Chennai [Pan: Aaafs1612C] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Shri S.Girish Kumar, Advocate प्रत्यर्थी की ओर से /Respondent By : Shri V.Nandakumar, Cit सुनवाई की तारीख/Date Of Hearing : 18.07.2024 घोषणा की तारीख /Date Of Pronouncement : 30.08.2024

disallowance of u/s 40A(3) and repayment of loan was done by cash leading to presumption of application of provisions of section 269SS and section 269T

VASAN MEDICAL CENTRE (INDIA) P LTD.,TRICHY vs. ADDL.CIT CENTRLA RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN MEDICAL CENTRE (INDIA) P LTD.,TRICHY vs. ADDL.CIT CENTRLA RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN MEDICAL CENTRE (INDIA) P LTD.,TRICHY vs. ADDL.CIT CENTRLA RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN MEDICAL CENTRE (INDIA) P LTD.,TRICHY vs. ADDL.CIT CENTRLA RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN HEALTHCARE P LTD.,CHENNAI vs. ADDL.CIT CENTRAL RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN HEALTHCARE P LTD.,CHENNAI vs. ADDL.CIT CENTRAL RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN HEALTHCARE P LTD.,CHENNAI vs. ADDL.CIT CENTRAL RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN HEALTHCARE P LTD.,CHENNAI vs. ADDL.CIT CENTRAL RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN MEDICAL CENTRE (INDIA) P LTD.,TRICHY vs. ADDL.CIT CENTRLA RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN MEDICAL CENTRE (INDIA) P LTD.,TRICHY vs. ADDL.CIT CENTRLA RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid

VASAN MEDICAL CENTRE (INDIA) P LTD.,TRICHY vs. ADDL.CIT CENTRLA RANGE 2, CHENNAI

In the result, appeals filed by the assessee M/s

Bench: Shri George Mathan & Shri A.Mohan Alankamony

269T of the Act was for the purpose of curtailing unaccounted transactions whereas in the present case, the transactions were fully accounted and had been done only on account of commercial exigencies. It was a submission that as the amounts had been taken in cash by Dr. A.M Arun from Shri J. Dinakaran, the same had to be repaid