INTEGRATED SERVICE POINT LTD.,CHENNAI vs. ACIT, CC-2(4), CHENNAI

Accordingly, the assessee's appeals in ITA Nos.1881, 1882,\nand 1883/Chny/2025 for A.Ys.2016-17, 2019-20, and 2022-23 are\nallowed

disallowance of\ntransportation expenses and bogus purchases amounting to Rs.\n3,02,02,100/- and Rs.4,43,24,430/- respectively under section 37, the\naddition of unexplained money of Rs.39,22,000/- under section 69A,\nthe addition of unexplained expenditure of Rs.42,30,000/- under\nsection 69C, and the minor addition of Rs.81,230/-, all of which were\nmade

ACIT, NUNGAMBAKKAM vs. INTEGRATED SERVICE POINT LIMITED, ANNA NAGAR

Accordingly, the assessee's appeals in ITA Nos.1881, 1882,\nand 1883/Chny/2025 for A.Ys.2016-17, 2019-20, and 2022-23 are\nallowed

disallowance_at_20% of alleged bogus\npurchases as against appellant's voluntary disallowance of 12% in\nROI u/s 148.\n3.1 On facts and under the circumstances of the case, the learned\nCommissioner of Income Tax (Appeals)-19, Chennai erred in\nadjudicating the disallowances at 20% of the alleged bogus\npurchases, which is over and above the disallowances

ACIT, NUNAGAMBAKKAM vs. INTEGRATED SERVICE POINT LIMITED, ANNA NAGAR

disallowance of\ntransportation expenses and bogus purchases amounting to Rs.\n3,02,02,100/- and Rs.4,43,24,430/- respectively under section 37, the\naddition of unexplained money of Rs.39,22,000/- under section 69A,\nthe addition of unexplained expenditure of Rs.42,30,000/- under\nsection 69C, and the minor addition of Rs.81,230/-, all of which were\nmade

INTEGRATED SERVICE POINT LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(4), CHENNAI

Accordingly, the assessee's appeals in ITA Nos.1881, 1882,\nand 1883/Chny/2025 for A.Ys.2016-17, 2019-20, and 2022-23 are\nallowed

disallowance of\ntransportation expenses and bogus purchases amounting to Rs.\n3,02,02,100/- and Rs.4,43,24,430/- respectively under section 37, the\naddition of unexplained money of Rs.39,22,000/- under section 69A,\nthe addition of unexplained expenditure of Rs.42,30,000/- under\nsection 69C, and the minor addition of Rs.81,230/-, all of which were\nmade

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, TRICHY vs. A. SRINIVASAN, PERAMBALUR

In the result, appeal filed by the Revenue for AY 2014-15 in ITA

Bench: Shri Aby T. Varkey & Shri S.R.Raghunathaआयकर अपील सं./Ita No.1527/Chny/2023 िनधा"रण वष"/Assessment Year: 2014-15 & Cross Objection No.13/Chny/2024 (In Ita No.1527/Chny/2023) िनधा"रण वष"/Assessment Year: 2014-15

292C(1)(i) of the Act belong or belongs to the person from whom said assets/documents were found during the course CO No.13/Chny/2024 (AY 2014-15) Arunachalam Srinivasan :: 15 :: of search u/s. 132 or survey u/s. 133A of the Act. In other words, whenever an asset/ document is found from a person who is being searched, the normal presumption

ARUNACHALAM SRINIVASAN,PERAMBALUR vs. ACIT, CENTRAL CIRCLE-1 , TRICHY

In the result, appeal filed by the Revenue for AY 2014-15 in ITA

Bench: Shri Aby T. Varkey & Shri S.R.Raghunathaआयकर अपील सं./Ita No.1527/Chny/2023 िनधा"रण वष"/Assessment Year: 2014-15 & Cross Objection No.13/Chny/2024 (In Ita No.1527/Chny/2023) िनधा"रण वष"/Assessment Year: 2014-15

292C(1)(i) of the Act belong or belongs to the person from whom said assets/documents were found during the course CO No.13/Chny/2024 (AY 2014-15) Arunachalam Srinivasan :: 15 :: of search u/s. 132 or survey u/s. 133A of the Act. In other words, whenever an asset/ document is found from a person who is being searched, the normal presumption

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MADURAI, MADURAI vs. TRANSWORLD GARNET INDIA PVT LTD.,, CHENNAI

In the result, all the five appeals of the Revenue are dismissed

disallow a portion of the said expenditure merely on\nthe premise that the vouchers were unsigned or self-prepared.\n117. In our considered view, such a disallowance made solely on the basis of\nthe absence of recipient signatures cannot be sustained in law. The absence of\nsignatures or thumb impressions on labour vouchers, by itself, cannot lead to a\npresumption

ACIT, NUNGAMBAKKAM vs. HARIWAY LINES PVT LTD, CHENNAI

In the result, both the appeals of the Revenue are dismissed

section 292C which affirm the evidentiary value of any material\nseized during the course of search for the purposes of search assessments.\n6. For these grounds and any other ground including amendment of grounds\nthat may be raised during the course of the appeal proceedings, the order of\nlearned CIT(Appeals) may be set aside and that of the Assessing

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MADURAI, MADURAI vs. TRANSWORLD GARNET INDIA PVT LTD.,, CHENNAI

In the result, all the five appeals of the Revenue are dismissed

disallow a portion of the said expenditure merely on\nthe premise that the vouchers were unsigned or self-prepared.\n117. In our considered view, such a disallowance made solely on the basis of\nthe absence of recipient signatures cannot be sustained in law. The absence of\nsignatures or thumb impressions on labour vouchers, by itself, cannot lead to a\npresumption

ACIT, CENTRAL CIRCLE 2.4, NUNGAMBAKKAM vs. RISHI ENTERPRISES, PUDUKKOTTAI

In the result, both the appeals of the Revenue are dismissed

sections": [ "143(3)", "132(4)", "132(4A)", "292C", "139(5)", "132" ], "issues": "Whether cash withdrawals marked as 'MD Personal' in seized notebooks represent personal expenditure of the MD or legitimate business expenses, including wage payments, and whether the AO's disallowance

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MADURAI, MADURAI vs. TRANSWORLD GARNET INDIA PVT LTD.,, CHENNAI

In the result, all the five appeals of the Revenue are dismissed

disallow a portion of the said expenditure merely on\nthe premise that the vouchers were unsigned or self-prepared.\n117. In our considered view, such a disallowance made solely on the basis of\nthe absence of recipient signatures cannot be sustained in law. The absence of\nsignatures or thumb impressions on labour vouchers, by itself, cannot lead to a\npresumption

RAMASAMY MOORTHY,PULIAMPATTY vs. ACIT, CENTRAL CIRCLE-2,, COIMBATORE

disallowances for EPF/ESI which were not contested.", "result": "Partly Allowed", "sections": [ "133A", "143(3)", "263", "28", "69", "36(1)(va)", "44AB", "145(3)", "292C

SRI THENU SILKS,PULIAMPATTI vs. ACIT, CENTRAL CIRCLE-2,, COIMBATORE

disallowances. The AO made addition on\naccount of additional profit by making the profit rate at 24.80% and\napplying on the total sales of Rs.65,38,92,357/-, while the admitted\nsales was Rs.52,46,42,253/-. The aforesaid sales of Rs.65,38,92,357/-\narrived at basing on the extrapolation, workings of which is given in\n\npara

SELLAMUTHU KABILAN,BENGALURU vs. ACIT, CENTRAL CRICLE 3, COIMBATORE, COIMBATORE

disallow the additions\nproposed by the Assessing Officer.\n21. I note the above observations of learned Accountant Member and\nis of the view that assessment proceedings or any proceedings under\nthe Act before the Assessing Officer which affect the levy of tax on\nthe subject are judicial in nature. It is well-settled that the Assessing\nOfficer upon whom jurisdiction

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRLCE -3, COIMBATORE, COIMBATORE vs. P.P. CONSTRUCTIONS, KARUR

disallow the additions\nproposed by the Assessing Officer.\n21. I note the above observations of learned Accountant Member and\nis of the view that assessment proceedings or any proceedings under\nthe Act before the Assessing Officer which affect the levy of tax on\nthe subject are judicial in nature. It is well-settled that the Assessing\nOfficer upon whom jurisdiction

M/S. P.P.FINANCIERS,DINDIGUL vs. ACIT, CENTRAL CIRCLE-3,, COIMBATORE

disallow the additions\nproposed by the Assessing Officer.\n\n21. I note the above observations of learned Accountant Member and\nis of the view that assessment proceedings or any proceedings under\nthe Act before the Assessing Officer which affect the levy of tax on\nthe subject are judicial in nature. It is well-settled that the Assessing\nOfficer upon whom

P KUPPUCHAMY,BENGALURU vs. ACIT, CENTRAL CIRCLE-3,, COIMBATORE

disallow the additions\nproposed by the Assessing Officer.\n21. I note the above observations of learned Accountant Member and\nis of the view that assessment proceedings or any proceedings under\nthe Act before the Assessing Officer which affect the levy of tax on\nthe subject are judicial in nature. It is well-settled that the Assessing\nOfficer upon whom jurisdiction

SELLAMUTHU KABILAN,BENGALURU vs. ACIT, CENTRAL CIRCLE 3, COIMBATORE, COIMBATORE

disallow the additions\nproposed by the Assessing Officer.\n21. I note the above observations of learned Accountant Member and\nis of the view that assessment proceedings or any proceedings under\nthe Act before the Assessing Officer which affect the levy of tax on\nthe subject are judicial in nature. It is well-settled that the Assessing\nOfficer upon whom jurisdiction