DCIT, CHENNAI vs. JAGATHRAKSKAN SRINISHA, CHENNAI

unexplained investment' in\njewellery are summarized in the form of a table below :\nS.No.\nDescription\nAmount in\nINR\n1\nJewellery\nbelonging to the\nRespondent's parents assessed in her\nhands\n5,92,65,927\n2\nJewellery\nbelonging to the\nRespondent's brother & his wife\nassessed in her hands\n1,00,14,959\n3\nJewellery disclosed under VDIS by the\nRespondent

DCIT, CHENNAI vs. JAGATHRAKSHAKAN SRINISHA, CHENNAI

In the result, the appeals filed by the Revenue in I

unexplained investment' in\njewellery are summarized in the form of a table below :\nS.No.\n1\nDescription\nJewellery\nbelonging to the\nRespondent's parents assessed in her\nhands\nAmount in\nINR\n5,92,65,927\n2 Jewellery\nbelonging to the\n1,00,14,959\nRespondent's brother & his wife\nassessed in her hands\n3 Jewellery disclosed under VDIS by the\nRespondent

SARANGABANI KIRUBAGARAN,CHENNAI vs. DCIT, CIRCLE-1(2), CHENNAI

The appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1236/Chny/2023 (िनधा)रण वष) / Assessment Year: 2013-14) Shri Sarangabani Kirubakaran Dcit बनाम/ 17/6, First Pillayar Koil Street, Circle-1(2) Vs. Ekkatuthangal, Chennai-600 032. Chennai. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Bumpk-0892-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Ms.T.V. Muthu Abirami (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Nilay Baran Som (Cit) -Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 25-07-2024 घोषणाकीतारीख /Date Of Pronouncement : 04-09-2024 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2013-14 Arises Out Of The Common Order Of Learned Commissioner Of Income Tax (Appeals)-18, Chennai, [Cit(A)] Dated 13-09-2023 In The Matter Of An Assessment Framed By The Ld. Ao U/S.153C R.W.S. 153A R.W.S. 143(3) Of The Act On 31-03-2022. The Only Grievance Of The Assessee Is Confirmation Of Addition U/S 69 For Rs.30 Lacs & Assessment Of Short- Term Capital Gain (Stcg) For Rs.12.19 Lacs. 2. The Ld Ar Advanced Arguments & Submitted That Impugned Addition Of Rs.30 Lacs U/S 69 Represent Advance Received Through

unexplained investments only. On the issue of assessment of STCG, Ld. AR submitted that the cost of improvement stood proved by documentary evidences and the same could not be disallowed

BHAGWANDAS H JUMANI,CHENNAI vs. ITO N.C. WARD 10(1), CHENNAI

In the result, appeal of the assessee is partly allowed for

Bench: Shri Mahavir Singh, Vice- & Shri Arun Khodpiaआयकर अपीलसं./I.T.A.Nos.2701, 774 & 2253/Chny/2018 (िनधा"रणवष" / Assessment Years: 2003-04, 2004-05 & 2005-06) Vs The Income Tax Officer, Mr. Bhagwandas H.Jumani Flat 2B, 2Nd Floor, Tatvam, Non-Corporate Ward-10(1) 118, A.K.Samy Nagar, 9Th Street, Chennai-600 034. Kilpauk, Chennai-600 010. Pan : Ablpj 0980A (अपीलाथ"/Appellant) (""यथ"/Respondent)

unexplained investments u/s.69 of the Act in the bank account and set aside this issue back to the file of the Assessing Officer, the same ratio will apply to this issue. Hence, this issue is already set aside to the file of the Assessing Officer and allowed for statistical purposes. 35. The next issue in this appeal of the assessee

BHAGWANDAS H.JUMANI,CHENNAI vs. ITO NON CORPORATE WARD 10(1), CHENNAI

In the result, appeal of the assessee is partly allowed for

Bench: Shri Mahavir Singh, Vice- & Shri Arun Khodpiaआयकर अपीलसं./I.T.A.Nos.2701, 774 & 2253/Chny/2018 (िनधा"रणवष" / Assessment Years: 2003-04, 2004-05 & 2005-06) Vs The Income Tax Officer, Mr. Bhagwandas H.Jumani Flat 2B, 2Nd Floor, Tatvam, Non-Corporate Ward-10(1) 118, A.K.Samy Nagar, 9Th Street, Chennai-600 034. Kilpauk, Chennai-600 010. Pan : Ablpj 0980A (अपीलाथ"/Appellant) (""यथ"/Respondent)

unexplained investments u/s.69 of the Act in the bank account and set aside this issue back to the file of the Assessing Officer, the same ratio will apply to this issue. Hence, this issue is already set aside to the file of the Assessing Officer and allowed for statistical purposes. 35. The next issue in this appeal of the assessee

BHAGWANDAS H.JUMANI ,CHENNAI vs. ITO NON CORPORATE WARD 10(1), CHENNAI

In the result, appeal of the assessee is partly allowed for

Bench: Shri Mahavir Singh, Vice- & Shri Arun Khodpiaआयकर अपीलसं./I.T.A.Nos.2701, 774 & 2253/Chny/2018 (िनधा"रणवष" / Assessment Years: 2003-04, 2004-05 & 2005-06) Vs The Income Tax Officer, Mr. Bhagwandas H.Jumani Flat 2B, 2Nd Floor, Tatvam, Non-Corporate Ward-10(1) 118, A.K.Samy Nagar, 9Th Street, Chennai-600 034. Kilpauk, Chennai-600 010. Pan : Ablpj 0980A (अपीलाथ"/Appellant) (""यथ"/Respondent)

unexplained investments u/s.69 of the Act in the bank account and set aside this issue back to the file of the Assessing Officer, the same ratio will apply to this issue. Hence, this issue is already set aside to the file of the Assessing Officer and allowed for statistical purposes. 35. The next issue in this appeal of the assessee

SARANGABANI KIRUBAKARAN,CHENNAI vs. DCIT, CIRCLE-1(2), CHENNAI

The appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1237/Chny/2023 (िनधा)रण वष) / Assessment Year: 2014-15) Shri Sarangabani Kirubakaran Dcit बनाम/ 17/6, First Pillayar Koil Street, Circle-1(2) Vs. Ekkatuthangal, Chennai-600 032. Chennai. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Bumpk-0892-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Ms. T.V. Muthu Abirami (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Nilay Baran Som (Cit) -Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 25-07-2024 घोषणाकीतारीख /Date Of Pronouncement : 04-09-2024 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2014-15 Arises Out Of The Common Order Of Learned Commissioner Of Income Tax (Appeals)-18, Chennai, [Cit(A)] Dated 13-09-2023 In The Matter Of An Assessment Framed By The Ld. Ao U/S.153C R.W.S. 144 Of The Act On 31- 03-2022. The Grievance Of The Assessee Is Confirmation Of Addition U/S 69 For Rs.8.04 Lacs & Rs.5 Lacs. The Assessee Is Also Aggrieved By Computation Of Long-Term Capital Gains (Ltcg) Of Rs.157.45 Lacs. 2. The Ld Ar Advanced Arguments On Merits As Well As On Legal Grounds & Also Raised Additional Grounds Of Appeal. The Ld. Cit-Dr

disallow the same is the allegation that the assessee is not able to show the carrying out of agricultural activities on the said land. We are of the considered opinion that as long as the land is classified as agricultural land and the same is sold as such then in such a case, the purpose for which the purchaser would

SURESH KUMAR,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(3), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 167/Chny/2023 िनधा"रण वष" / Assessment Year: 2019-20 Suresh Kumar, Deputy Commissioner Of 114/10 (Ligh), Gandhi Road, V. Income Tax, West Tambaram, Central Circle 1(3), Chennai – 600 045. Chennai – 600 034. [Pan: Aagps-0396-D] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. D. Anand, Advocate अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri. Ar V Sreenivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 16.08.2023 घोषणा क" तारीख/Date Of Pronouncement : 31.08.2023 आदेश /O R D E R

unexplained investment surrendered by the assessee under the head “income from Business” ignoring the decision of the Hon’ble Gujarat High Court in the case of Fakir Mohd. Hazi Hasan 247 ITR 290 that unaccounted income ought to be categorized under the residuary head of ‘Income from other sources’. In respect to the said issue, the findings of the Coordinate

AADARSH SURANA, CHENNAI,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI, CHENNAI

disallowed Rs.25,152/- u/s.14A of the\nAct.\n14. The impugned assessment was thus completed u/s.143(3) of the Act on\n29.12.2019 determining the total income at Rs.122,11,04,812/- after making the\nfollowing additions: -\ni. Unexplained cash credit u/s.68 of the Act on account of increase in capital\namounting to Rs.115,26,13,606/-;\nii. Unexplained investment

SUNDARAM SANKAR ANAND,KARUR vs. ASSISTANT COMMISSIONER, COIMBATORE

In the result the appeals of the assessee are disposed of as below:

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./Ita Nos.: 2850,2851,2852 & 2853/Chny/2024, 2910, 2911 & 2912/Chny/2024 धनिाारण वर्ा / Assessment Years: 2012-13, 2013-14, 2014-15, 2015-16, 2016-17, 2017-18 & 2018-19 Sundaram Sankar Anand, The Assistant Commissioner Of No.63-B-7, Mayanur, Vs Income Tax, M Kaspa Sandai Peatai, . Central Circle – 2, Coimbatore. Krishnarayapuram Taluk, Karur – 639 102 [Pan:Bvips-1149-E] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Shri. V. Alagappa, C.A. प्रत्यथी की ओर से/Respondent By : Mr. M.Murali, Cit (Virtual) सुनवाई की तारीख/Date Of Hearing : 25.06.2025 घोर्णा की तारीख/Date Of Pronouncement : 26.08.2025 आदेश /O R D E R Per S. R. Raghunatha, Am:

Disallowance of - - - - 2,13,48,672 - wages Unexplained - - - - - - 9,58,885 investment in jewellery Unexplained - - - - - - 73,25,679 investment in immovable

SUNDARAM SANKAR ANAND,KARUR vs. ASSISTANT COMMISSIONER, COIMBATORE

In the result the appeals of the assessee are disposed of as below:

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./Ita Nos.: 2850,2851,2852 & 2853/Chny/2024, 2910, 2911 & 2912/Chny/2024 धनिाारण वर्ा / Assessment Years: 2012-13, 2013-14, 2014-15, 2015-16, 2016-17, 2017-18 & 2018-19 Sundaram Sankar Anand, The Assistant Commissioner Of No.63-B-7, Mayanur, Vs Income Tax, M Kaspa Sandai Peatai, . Central Circle – 2, Coimbatore. Krishnarayapuram Taluk, Karur – 639 102 [Pan:Bvips-1149-E] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Shri. V. Alagappa, C.A. प्रत्यथी की ओर से/Respondent By : Mr. M.Murali, Cit (Virtual) सुनवाई की तारीख/Date Of Hearing : 25.06.2025 घोर्णा की तारीख/Date Of Pronouncement : 26.08.2025 आदेश /O R D E R Per S. R. Raghunatha, Am:

Disallowance of - - - - 2,13,48,672 - wages Unexplained - - - - - - 9,58,885 investment in jewellery Unexplained - - - - - - 73,25,679 investment in immovable

SUNDARAM SANKAR ANAND,KARUR vs. ASSISTANT COMMISSIONER, COIMBATORE

In the result the appeals of the assessee are disposed of as below:

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./Ita Nos.: 2850,2851,2852 & 2853/Chny/2024, 2910, 2911 & 2912/Chny/2024 धनिाारण वर्ा / Assessment Years: 2012-13, 2013-14, 2014-15, 2015-16, 2016-17, 2017-18 & 2018-19 Sundaram Sankar Anand, The Assistant Commissioner Of No.63-B-7, Mayanur, Vs Income Tax, M Kaspa Sandai Peatai, . Central Circle – 2, Coimbatore. Krishnarayapuram Taluk, Karur – 639 102 [Pan:Bvips-1149-E] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Shri. V. Alagappa, C.A. प्रत्यथी की ओर से/Respondent By : Mr. M.Murali, Cit (Virtual) सुनवाई की तारीख/Date Of Hearing : 25.06.2025 घोर्णा की तारीख/Date Of Pronouncement : 26.08.2025 आदेश /O R D E R Per S. R. Raghunatha, Am:

Disallowance of - - - - 2,13,48,672 - wages Unexplained - - - - - - 9,58,885 investment in jewellery Unexplained - - - - - - 73,25,679 investment in immovable

SUNDARAM SANKAR ANAND,KARUR vs. ASSISTANT COMMISSIONER, COIMBATORE

In the result the appeals of the assessee are disposed of as below:

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./Ita Nos.: 2850,2851,2852 & 2853/Chny/2024, 2910, 2911 & 2912/Chny/2024 धनिाारण वर्ा / Assessment Years: 2012-13, 2013-14, 2014-15, 2015-16, 2016-17, 2017-18 & 2018-19 Sundaram Sankar Anand, The Assistant Commissioner Of No.63-B-7, Mayanur, Vs Income Tax, M Kaspa Sandai Peatai, . Central Circle – 2, Coimbatore. Krishnarayapuram Taluk, Karur – 639 102 [Pan:Bvips-1149-E] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Shri. V. Alagappa, C.A. प्रत्यथी की ओर से/Respondent By : Mr. M.Murali, Cit (Virtual) सुनवाई की तारीख/Date Of Hearing : 25.06.2025 घोर्णा की तारीख/Date Of Pronouncement : 26.08.2025 आदेश /O R D E R Per S. R. Raghunatha, Am:

Disallowance of - - - - 2,13,48,672 - wages Unexplained - - - - - - 9,58,885 investment in jewellery Unexplained - - - - - - 73,25,679 investment in immovable

KANNAPPA PILLAI MANI RAGUNATHAN ,TEYNAMPET vs. ACIT , NON CORP CIRCLE -10(1), NUNGAMBAKKAM

The appeal stand partly allowed in terms of our above order

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.597/Chny/2022 (िनधा*रण वष* / Assessment Year: 2017-18) Shri Kannappa Pillai Mani Ragunathan Acit बनाम 32, Poes Road, Ii Street, Non-Corporate Circle-10(1), / Vs. Teynampet, Chennai-600 018. Chennai. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aafpr-4623-P (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri P.M.Kathir (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri D.Hema Bhupal (Jcit)- Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 28-06-2023 घोषणाकीतारीख /Date Of Pronouncement : 04-07-2023 आदेश / O R D E R

disallowance of agricultural income of Rs.16,00,000/- and the addition of the same as unexplained investment of the appellant

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

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

unexplained expenditure or investment. Only the unaccounted cash receipts were found. In s the unaccounted cash receipts were found. In such a scenario, the best uch a scenario, the best option available before the undersigned is to estimate the profit margin option available before the undersigned is to estimate the profit margin option available before the undersigned is to estimate

DCIT, CHENNAI vs. M/S J HOTELS PRIVATE LIMITED, CHENNAI

In the result, the appeal stands dismissed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.828/Chny/2022 (िनधा*रण वष* / Assessment Year: 2013-14) Dcit M/S. J. Hotels Private Limited बनाम Central Circle-2(3), 29, Tilak Street, T. Nagar, / Vs. Chennai. Chennai-600 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaacj-9423-H (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri B. Ramakrishnan (Fca) & Shri Shrenik Chordia (Ca)-Ld. Ars " थ"कीओरसे/Respondent By : Shri S. Senthil Kumaran (Cit)- Ld. Dr सुनवाईकीतारीख/Date Of Final Hearing : 01-12-2023 घोषणाकीतारीख /Date Of Pronouncement : 19-12-2023 आदेश / O R D E R

unexplained investment for Rs.27.50 Crores; (ii) Disallowance u/s 14A. 2. The Ld. CIT-DR advanced arguments supporting the grounds of appeal

MR.PONNUSWAMY KARUNANITHY,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(3), CHENNAI

In the result, the appeal of the assessee is party allowed

Bench: Shri Mahavir Singh & Shri Manjunatha.G

unexplained investment u/s.69B of the Act. The last issue in this appeal of the assessee is with regard to the 7. order of the ld. CIT(A) confirming the action of the ld. Assessing Officer in making disallowance

DEPUTY COMMISSIONER OF INCOME-TAX, MADURAI vs. M/S INDUSTRIAL MINERAL CO., 100% EOU, TUTICORIN

In the result, the assessee’s appeal ITA No

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.390/Chny/2023 (िनधा(रण वष( / Assessment Year: 2012-13) M/S. Industrial Mineral Co. 100% Eou Acit बनाम/ 1/1C, Harbour Express Highway, Central Circle-(1), Vs. Thermal Nagar So, Tuticorin-628 006. Madurai "थायीलेखासं./जीआइआरसं./Pan/Tan No. Aaafi-9714-R (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकरअपील सं./ Ita No.529/Chny/2023 (िनधा(रण वष( / Assessment Year: 2012-13) Acit M/S. Industrial Mineral Co. 100% Eou बनाम/ Central Circle-(1), 1/1C, Harbour Express Highway, Vs. Madurai Thermal Nagar So, Tuticorin 628006 "थायीलेखासं./जीआइआरसं./Pan/Tan No. Aaafi-9714-R (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ" की ओर से/ Assessee By : Shri N. Arjun Raj (Advocate) – Ld.Ar ""थ" की ओर से/Revenue By : Shri R. Clement Ramesh Kumar (Cit) -Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 26-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 21-05-2025 आदेश / O R D E R

unexplained investment of assessee and thus deleted the addition. D. DISALLOWANCE OF PURCHASE OF MATERIAL REPRESENTED BY RECEIPT FROM SISTER