Search: disallowance

MANGAL & MANGAL,TRICHY vs. ACIT, TRICHY

In the result, appeal filed by the assessee is allowed

ITA 2207/CHNY/2019[2013-14]Status: DisposedITAT Chennai22 Feb 2023AY 2013-14

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 2207/Chny/2019 िनधा"रण वष" / Assessment Year: 2013-14

For Appellant: Shri. S. Sridhar, Advocate &For Respondent: Shri. R Mohan Reddy, CIT

Section 271A

undisclosed amount declared, if the conditions in Section 271AAA (2) are not met with. This is quite different from :-19-: ITA. No: 2207/Chny/2019 the penal provision under Section 271 (1) (c) of the Act, which directs that if income is concealed or inaccurate returns are filed, which are disallowed

ACIT CENTRAL CIRCLE 1(1), CHENNAI vs. GHISULAI KOTHARI, CHENNAI

Appeal stands partly allowed in terms of our above order

ITA 2534/CHNY/2018[2013-14]Status: DisposedITAT Chennai13 Jul 2022AY 2013-14

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

For Appellant: Shri T. Vasudevan (Advocate) – Ld. ARFor Respondent: Shri R.N. Sidhappaji (CIT) - Ld. DR

Section 132Section 139(9)Section 144Section 271A

undisclosed income. The Ld. AR made arguments to assail penalty on legal grounds for which reliance has been placed on various judicial pronouncements, the copies of which have been placed on record. The Ld. AR submitted that penalty notice was defective and therefore, penalty is unsustainable in law. Having heard rival submissions and after going through the orders of lower

M/S ENRICE ENTERPRISES PVT LTD,CHENNAI vs. DCIT,CENTRAL CIRCLE-3(4), CHENNAI

In the result, appeal filed by the assessee is allowed

ITA 1168/CHNY/2023[2019-20]Status: DisposedITAT Chennai06 Mar 2024AY 2019-20

Bench: Shri Manjunatha. G & Shri Manomohan Das

For Appellant: Shri D. Anand, AdvFor Respondent: Shri R. Clement Ramesh –

Section 132Section 271Section 271ASection 274

undisclosed income of previous year, which warrants penalty u/s.271AAB of the Act, on additional income offered by the assessee in the return of income filed u/s.153A of the Act, towards estimated disallowance

N.SANTHANAM,CHENNAI vs. ACIT CENTRAL CIRCLE-1(2), CHENNAI

In the result, appeal filed by the assessee is dismissed

ITA 328/CHNY/2020[2014-15]Status: DisposedITAT Chennai26 Oct 2021AY 2014-15

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकरअपीलसं./I.T.A.No.328/Chny/2020 ("नधा"रणवष" / Assessment Year: 2014-15) Mr. N.Santhanam Vs The Assistant Commissioner Old No.14, New No.12, Income Tax, Seethammal Colony Extension, Central Circle-1(2) 1St Cross Street, Teynampet, Chennai-600 034. Chennai-600 018. Pan: Axups 6533R (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Ms.R.Anita, Addl.CIT

Section 132Section 132(4)Section 143(2)Section 143(3)Section 271ASection 274

undisclosed amount declared, f the conditions in Section 27IAAA (2) are not met with. This is quite different from the penal provision under Section 271(1) (c) of the Act, which directs that if income is concealed or inaccurate returns are filed, which are disallowed

M.KIRAN KUMAR,CHENNAI vs. ACIT CENTRAL CIRCLE-1(4), CHENNAI

In the result, appeal filed by the assessee is partly allowed

ITA 3374/CHNY/2019[2015-16]Status: DisposedITAT Chennai01 Mar 2021AY 2015-16

Bench: Shri V. Durga Rao & Shri G. Manjunatha

For Appellant: Shri G.Baskar, Advocate

Section 10(38)Section 133ASection 2(22)(e)

disallowing the exempt u/s.10(38) as undisclosed income from other sources. 14.The Commissioner of Income Tax (Appeals) has erred in upholding

ACIT CENTRAL CIRCLE 1(1), CHENNAI vs. SARDARMAL KOTHARI, CHENNAI

In the result, the assessee’s petition as filed u/r 27 stand dismissed

ITA 2536/CHNY/2018[2013-14]Status: DisposedITAT Chennai13 Jul 2022AY 2013-14

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

For Appellant: Shri T. Vasudevan (Advocate) – Ld. ARFor Respondent: Shri R.N. Sidhappaji (CIT) - Ld. DR

Section 132Section 132(4)Section 144Section 14ASection 271A

disallowance u/s 14A and treatment of agricultural income for Rs.0.33 Lacs. However, since self-assessment tax was not paid and the assessee failed to rectify the defect, the return was treated as not filed and the assessment was made on best judgment basis u/s 144. 3.2 During the course of search, excess jewellery and cash was found besides allegation

ACIT CENTRAL CIRCLE 1(1), CHENNAI vs. KEWALCHAND KOTHARI, CHENNAI

In the result, the assessee’s petition as filed u/r 27 stand dismissed

ITA 2537/CHNY/2018[2013-14]Status: DisposedITAT Chennai13 Jul 2022AY 2013-14

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

For Appellant: Shri T. Vasudevan (Advocate) – Ld. ARFor Respondent: Shri R.N. Sidhappaji (CIT) - Ld. DR

Section 132Section 132(4)Section 144Section 14ASection 271A

disallowance u/s 14A and treatment of agricultural income for Rs.0.48 Lacs. However, since self-assessment tax was not paid and the assessee failed to rectify the defect, the return was treated as not filed and the assessment was made on best judgment basis u/s 144. 3.2 During the course of search, excess jewellery and cash was found besides allegation

ACIT CENTRLA CIRCLE 1(1), CHENNAI vs. SHANTILAL KOTHARI, CHENNAI

In the result, the assessee’s petition as filed u/r 27 stand dismissed

ITA 2535/CHNY/2018[2013-14]Status: DisposedITAT Chennai13 Jul 2022AY 2013-14

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

For Appellant: Shri T. Vasudevan (Advocate) – Ld. ARFor Respondent: Shri R.N. Sidhappaji (CIT) - Ld. DR

Section 132Section 132(4)Section 144Section 14ASection 271A

disallowance u/s 14A and treatment of agricultural income for Rs.1.50 Lacs. However, since self-assessment tax was not paid and the assessee failed to rectify the defect, the return was treated as not filed and the assessment was made on best judgment basis u/s 144. 3.2 During the course of search, excess jewellery and cash was found besides allegation

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

ITA 2982/CHNY/2024[2020-21]Status: DisposedITAT Chennai02 May 2025AY 2020-21

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

For Appellant: Mr.T.Banusekar, Advocate

Section 132Section 143(3)Section 148

income for the respective that can be attributed as additional business income for the respective that can be attributed as additional business income for the respective assessment years. Naturally any estimation should have some basis. assessment years. Naturally any estimation should have some basis. assessment years. Naturally any estimation should have some basis. The Income Tax Act, The Income

KEIMED LIMITED, HYDERABAD,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(1),, CHENNAI

In the result, the appeal filed by the assessee in ITA

ITA 551/CHNY/2019[2014-15]Status: DisposedITAT Chennai31 Jan 2022AY 2014-15

Bench: Hon’Ble Shri V. Durga Rao & Hon’Ble Shri G. Manjunathaआयकर अपील सं./Ita Nos.547 & 548, 550, 551 & 553/Chny/2019 िनधा"रण वष" /Assessment Years: 2010-11 & 2012-13, 2013-14, 2014-15 & 2015-16 M/S.Keimed Pvt. Ltd., V. The Asst. Commissioner Of No.10-3-316A, Income Tax, Masab Tank, Central Circle-3(1), Hyderbad-500 028. Chennai-34. [Pan: Aabck 4532 F] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr.T.Banusekar, CAFor Respondent: Mr.R.N.Siddappaji, CIT

Section 143(3)Section 14ASection 234B

undisclosed income, if any, found as a result of search, but no additions can be made to the total income in the absence of incriminating material found during the course of search. However, there is no restriction for the AO to pass fresh Assessment Order accepting income declared by the assessee in the return of income filed in pursuant

KEIMED LIMITED, HYDERABAD,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(1),, CHENNAI

In the result, the appeal filed by the assessee in ITA

ITA 550/CHNY/2019[2013-14]Status: DisposedITAT Chennai31 Jan 2022AY 2013-14

Bench: Hon’Ble Shri V. Durga Rao & Hon’Ble Shri G. Manjunathaआयकर अपील सं./Ita Nos.547 & 548, 550, 551 & 553/Chny/2019 िनधा"रण वष" /Assessment Years: 2010-11 & 2012-13, 2013-14, 2014-15 & 2015-16 M/S.Keimed Pvt. Ltd., V. The Asst. Commissioner Of No.10-3-316A, Income Tax, Masab Tank, Central Circle-3(1), Hyderbad-500 028. Chennai-34. [Pan: Aabck 4532 F] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr.T.Banusekar, CAFor Respondent: Mr.R.N.Siddappaji, CIT

Section 143(3)Section 14ASection 234B

undisclosed income, if any, found as a result of search, but no additions can be made to the total income in the absence of incriminating material found during the course of search. However, there is no restriction for the AO to pass fresh Assessment Order accepting income declared by the assessee in the return of income filed in pursuant

KEIMED LIMITED, HYDERABAD,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(1),, CHENNAI

In the result, the appeal filed by the assessee in ITA

ITA 547/CHNY/2019[2010-11]Status: DisposedITAT Chennai31 Jan 2022AY 2010-11

Bench: Hon’Ble Shri V. Durga Rao & Hon’Ble Shri G. Manjunathaआयकर अपील सं./Ita Nos.547 & 548, 550, 551 & 553/Chny/2019 िनधा"रण वष" /Assessment Years: 2010-11 & 2012-13, 2013-14, 2014-15 & 2015-16 M/S.Keimed Pvt. Ltd., V. The Asst. Commissioner Of No.10-3-316A, Income Tax, Masab Tank, Central Circle-3(1), Hyderbad-500 028. Chennai-34. [Pan: Aabck 4532 F] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr.T.Banusekar, CAFor Respondent: Mr.R.N.Siddappaji, CIT

Section 143(3)Section 14ASection 234B

undisclosed income, if any, found as a result of search, but no additions can be made to the total income in the absence of incriminating material found during the course of search. However, there is no restriction for the AO to pass fresh Assessment Order accepting income declared by the assessee in the return of income filed in pursuant

KEIMED LIMITED, HYDERABAD,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(1),, CHENNAI

In the result, the appeal filed by the assessee in ITA

ITA 553/CHNY/2019[2015-16]Status: DisposedITAT Chennai31 Jan 2022AY 2015-16

Bench: Hon’Ble Shri V. Durga Rao & Hon’Ble Shri G. Manjunathaआयकर अपील सं./Ita Nos.547 & 548, 550, 551 & 553/Chny/2019 िनधा"रण वष" /Assessment Years: 2010-11 & 2012-13, 2013-14, 2014-15 & 2015-16 M/S.Keimed Pvt. Ltd., V. The Asst. Commissioner Of No.10-3-316A, Income Tax, Masab Tank, Central Circle-3(1), Hyderbad-500 028. Chennai-34. [Pan: Aabck 4532 F] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr.T.Banusekar, CAFor Respondent: Mr.R.N.Siddappaji, CIT

Section 143(3)Section 14ASection 234B

undisclosed income, if any, found as a result of search, but no additions can be made to the total income in the absence of incriminating material found during the course of search. However, there is no restriction for the AO to pass fresh Assessment Order accepting income declared by the assessee in the return of income filed in pursuant

KEIMED LIMITED, HYDERABAD,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(1),, CHENNAI

In the result, the appeal filed by the assessee in ITA

ITA 548/CHNY/2019[2012-13]Status: DisposedITAT Chennai31 Jan 2022AY 2012-13

Bench: Hon’Ble Shri V. Durga Rao & Hon’Ble Shri G. Manjunathaआयकर अपील सं./Ita Nos.547 & 548, 550, 551 & 553/Chny/2019 िनधा"रण वष" /Assessment Years: 2010-11 & 2012-13, 2013-14, 2014-15 & 2015-16 M/S.Keimed Pvt. Ltd., V. The Asst. Commissioner Of No.10-3-316A, Income Tax, Masab Tank, Central Circle-3(1), Hyderbad-500 028. Chennai-34. [Pan: Aabck 4532 F] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr.T.Banusekar, CAFor Respondent: Mr.R.N.Siddappaji, CIT

Section 143(3)Section 14ASection 234B

undisclosed income, if any, found as a result of search, but no additions can be made to the total income in the absence of incriminating material found during the course of search. However, there is no restriction for the AO to pass fresh Assessment Order accepting income declared by the assessee in the return of income filed in pursuant

PALLADAM KRISHNASAMY GANESHWAR,TIRUPUR vs. DCIT, CC-3, COIMBATORE

The appeals stand allowed in terms of our above order

ITA 1222/CHNY/2024[2014-15]Status: DisposedITAT Chennai19 Nov 2024AY 2014-15

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.1222/Chny/2024 (िनधा9रणवष9 / Assessment Year: 2014-15) & 2. आयकरअपील सं./ Ita No.1223/Chny/2024 (िनधा9रणवष9 / Assessment Year: 2015-16) & 3. आयकरअपील सं./ Ita No.1224/Chny/2024 (िनधा9रणवष9 / Assessment Year: 2016-17) & 4. आयकरअपील सं./ Ita No.1225/Chny/2024 (िनधा9रणवष9 / Assessment Year: 2017-18) Shri Palladam Krishnasamy Ganeshwar Dcit बनाम/ 21,Shri Ganesa Textiles, Pollachi Road, Central Circle-3 Vs. Palladam, Tirupur-641 664. Coimbatore. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adfpg-6476-N (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओर से/ Appellant By : Shri S. Sridhar (Advocate)-Ld.Ar " थ" की ओर से/Respondent By : Shri R. Clement Ramesh Kumar (Cit)-Ld. Dr सुनवाई की तारीख/Date Of Hearing : 10-09-2024 घोषणा की तारीख /Date Of Pronouncement : 19-11-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

For Appellant: Shri S. Sridhar (Advocate)-Ld.ARFor Respondent: Shri R. Clement Ramesh Kumar (CIT)-Ld. DR

Section 143(3)Section 153ASection 153CSection 69

undisclosed income Thus, while in view of the mandate of sub-section (1) of section 153A of the Act, in every case where there is a search or requisition, the Assessing Officer is obliged to issue notice to such person to furnish returns of income for the six years preceding the assessment year relevant to the previous year in which

PALLADAM KRISHNASAMY GANESHWAR,TIRUPUR vs. DCIT, CC-3, COIMBATORE

The appeals stand allowed in terms of our above order

ITA 1225/CHNY/2024[2017-18]Status: DisposedITAT Chennai19 Nov 2024AY 2017-18

Section 143(3)Section 153ASection 153CSection 56Section 69

undisclosed income Thus, while in view of the mandate of sub-section (1) of section 153A of the Act, in every case where there is a search or requisition, the Assessing Officer is obliged to issue notice to such person to furnish returns of income for the six years preceding the assessment year relevant to the previous year in which

PALLADAM KRISHNASAMY GANESHWAR,TIRUPUR vs. DCIT, CC-3, COIMBATORE

The appeals stand allowed in terms of our above order

ITA 1224/CHNY/2024[2016-17]Status: DisposedITAT Chennai19 Nov 2024AY 2016-17

Section 143(3)Section 153ASection 153CSection 56Section 69

undisclosed income Thus, while in view of the mandate of sub-section (1) of section 153A of the Act, in every case where there is a search or requisition, the Assessing Officer is obliged to issue notice to such person to furnish returns of income for the six years preceding the assessment year relevant to the previous year in which

SG WIND FARM PVT. LTD.,,TIRUPUR vs. DCIT, CC-3, COIMBATORE

The appeals stand allowed in terms of our above order

ITA 1227/CHNY/2024[2014-15]Status: DisposedITAT Chennai19 Nov 2024AY 2014-15

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं. / Ita No.1227/Chny/2024 (िनधा;रणवष; / Assessment Year: 2014-15) & 2. आयकरअपील सं. / Ita No.1228/Chny/2024 (िनधा;रणवष; / Assessment Year: 2015-16) & 3. आयकरअपील सं. / Ita No.1229/Chny/2024 (िनधा;रणवष; / Assessment Year: 2016-17) & 4. आयकरअपील सं. / Ita No.1230/Chny/2024 (िनधा;रणवष; / Assessment Year: 2017-18) M/S Sg Wind Farm Private Limited Dcit बनाम/ Vs. 21, Pollachi Road, Central Circle-3 Palladam, Tirupur-641 664. Coimbatore. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aarcs-5303-E (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओरसे/ Appellant By : Shri S. Sridhar (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri R. Clement Ramesh Kumar (Cit)-Ld. Dr सुनवाई की तारीख/Date Of Hearing : 25-10-2024 घोषणा की तारीख /Date Of Pronouncement : 19-11-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

For Appellant: Shri S. Sridhar (Advocate)-Ld.ARFor Respondent: Shri R. Clement Ramesh Kumar (CIT)-Ld. DR

Section 143(3)Section 153ASection 153CSection 56

undisclosed income Thus, while in view of the mandate of sub-section (1) of section 153A of the Act, in every case where there is a search or requisition, the Assessing Officer is obliged to issue notice to such person to furnish returns of income for the six years preceding the assessment year relevant to the previous year in which

SG WIND FAARM PVT. LTD.,,TIRUPUR vs. DCIT, CC-3,, COIMBATORE

The appeals stand allowed in terms of our above order

ITA 1228/CHNY/2024[2015-16]Status: DisposedITAT Chennai19 Nov 2024AY 2015-16

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं. / Ita No.1227/Chny/2024 (िनधा;रणवष; / Assessment Year: 2014-15) & 2. आयकरअपील सं. / Ita No.1228/Chny/2024 (िनधा;रणवष; / Assessment Year: 2015-16) & 3. आयकरअपील सं. / Ita No.1229/Chny/2024 (िनधा;रणवष; / Assessment Year: 2016-17) & 4. आयकरअपील सं. / Ita No.1230/Chny/2024 (िनधा;रणवष; / Assessment Year: 2017-18) M/S Sg Wind Farm Private Limited Dcit बनाम/ Vs. 21, Pollachi Road, Central Circle-3 Palladam, Tirupur-641 664. Coimbatore. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aarcs-5303-E (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओरसे/ Appellant By : Shri S. Sridhar (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri R. Clement Ramesh Kumar (Cit)-Ld. Dr सुनवाई की तारीख/Date Of Hearing : 25-10-2024 घोषणा की तारीख /Date Of Pronouncement : 19-11-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

For Appellant: Shri S. Sridhar (Advocate)-Ld.ARFor Respondent: Shri R. Clement Ramesh Kumar (CIT)-Ld. DR

Section 143(3)Section 153ASection 153CSection 56

undisclosed income Thus, while in view of the mandate of sub-section (1) of section 153A of the Act, in every case where there is a search or requisition, the Assessing Officer is obliged to issue notice to such person to furnish returns of income for the six years preceding the assessment year relevant to the previous year in which

SG WIND FARM PVT. LTD.,TIRUPUR vs. DCIT,CC-3,, COIMBATORE

The appeals stand allowed in terms of our above order

ITA 1229/CHNY/2024[2016-17]Status: DisposedITAT Chennai19 Nov 2024AY 2016-17

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं. / Ita No.1227/Chny/2024 (िनधा;रणवष; / Assessment Year: 2014-15) & 2. आयकरअपील सं. / Ita No.1228/Chny/2024 (िनधा;रणवष; / Assessment Year: 2015-16) & 3. आयकरअपील सं. / Ita No.1229/Chny/2024 (िनधा;रणवष; / Assessment Year: 2016-17) & 4. आयकरअपील सं. / Ita No.1230/Chny/2024 (िनधा;रणवष; / Assessment Year: 2017-18) M/S Sg Wind Farm Private Limited Dcit बनाम/ Vs. 21, Pollachi Road, Central Circle-3 Palladam, Tirupur-641 664. Coimbatore. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aarcs-5303-E (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओरसे/ Appellant By : Shri S. Sridhar (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri R. Clement Ramesh Kumar (Cit)-Ld. Dr सुनवाई की तारीख/Date Of Hearing : 25-10-2024 घोषणा की तारीख /Date Of Pronouncement : 19-11-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

For Appellant: Shri S. Sridhar (Advocate)-Ld.ARFor Respondent: Shri R. Clement Ramesh Kumar (CIT)-Ld. DR

Section 143(3)Section 153ASection 153CSection 56

undisclosed income Thus, while in view of the mandate of sub-section (1) of section 153A of the Act, in every case where there is a search or requisition, the Assessing Officer is obliged to issue notice to such person to furnish returns of income for the six years preceding the assessment year relevant to the previous year in which