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

House Property by following the procedure laid down under the Act at para 6.4.6., had confirmed the addition of Rs.1,38,70,048/- made as deemed dividend u/s.2(22)(e) of the Act at para 6.5.3 and confirmed the addition of Rs.92,95,305/- made u/s.56(2)(viii)(c) of the Act at para 6.6.5 of the impugned order

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

House Property by following the procedure laid down under the Act at para 6.4.6., had confirmed the addition of Rs.1,38,70,048/- made as deemed dividend u/s.2(22)(e) of the Act at para 6.5.3 and confirmed the addition of Rs.92,95,305/- made u/s.56(2)(viii)(c) of the Act at para 6.6.5 of the impugned order

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

House Property by following the procedure laid down under the Act at para 6.4.6., had confirmed the addition of Rs.1,38,70,048/- made as deemed dividend u/s.2(22)(e) of the Act at para 6.5.3 and confirmed the addition of Rs.92,95,305/- made u/s.56(2)(viii)(c) of the Act at para 6.6.5 of the impugned order

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

House Property by following the procedure laid down under the Act at para 6.4.6., had confirmed the addition of Rs.1,38,70,048/- made as deemed dividend u/s.2(22)(e) of the Act at para 6.5.3 and confirmed the addition of Rs.92,95,305/- made u/s.56(2)(viii)(c) of the Act at para 6.6.5 of the impugned order

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

House Property by following the procedure laid down under the Act at para 6.4.6., had confirmed the addition of Rs.1,38,70,048/- made as deemed dividend u/s.2(22)(e) of the Act at para 6.5.3 and confirmed the addition of Rs.92,95,305/- made u/s.56(2)(viii)(c) of the Act at para 6.6.5 of the impugned order

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

block period of six years only if the material obtained during the search under Section 132 of the I.T. Act, or any part thereof, relates to the assessment year in question. In the appeals before us, since it is not in dispute that the materials obtained during the search conducted on 21.08.2007 pertain only to the assessment year

PARTHIBAN KALAVATHI,CHENNAI vs. ACIT NON CORPORATE CIRCLE 11, CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita No.1131/Chny/2018 िनधा"रण वष" /Assessment Year: 2014-15 Smt. Parthiban Kalavathi, The Asst. Commissioner Of 74, Pidariar Koil Street, Vs. Income Tax, George Town, Non Corporate Circle-11, Chennai – 600 001. Chennai. [Pan: Cxrpk-1062-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri S. Sridhar, Advocate ""यथ" क" ओर से /Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई क" तारीख/Date Of Hearing : 08.09.2022 : 21.09.2022 घोषणा क" तारीख /Date Of Pronouncement आदेश / O R D E R Per Mahavir Singh: This Appeal By The Assessee Is Arising Out Of The Order Of Commissioner Of Income Tax (Appeals)-13, Chennai, In Ita

assessment on surplus arising from Joint Development Agreement (JDA) as business profit as against the assessee treating the same under the head “Long Term Capital Gains”. II) The CIT(A) erred in confirming the action of A.O in rejecting the claim of exemption u/s. 54F of the Act pertaining to multiple units obtained under the JDA in the said computation

ACIT NON CORPORATE CIRCLE 15, CHENNAI vs. JUSTICE N.KANNADASAN, CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

assessment proceedings. The appellant has further objected that natural justice was not rendered by the AO before denying the appellant's claim of deduction u/s 54F. 4.3.4. After considering the appellant's elaborate submission, I am of the considered opinion that the appellant's claim of deduction u/s 54F is prima facie acceptable. However, since the AO has not examined

JUSTICE N.KANNADASAN,CHENNAI vs. ITO NON CORPORATE WARD 15(3), CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

assessment proceedings. The appellant has further objected that natural justice was not rendered by the AO before denying the appellant's claim of deduction u/s 54F. 4.3.4. After considering the appellant's elaborate submission, I am of the considered opinion that the appellant's claim of deduction u/s 54F is prima facie acceptable. However, since the AO has not examined

JUSTICE N.KANNADASAN,CHENNAI vs. ITO NON CORPORATE WARD 15(3), CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

assessment proceedings. The appellant has further objected that natural justice was not rendered by the AO before denying the appellant's claim of deduction u/s 54F. 4.3.4. After considering the appellant's elaborate submission, I am of the considered opinion that the appellant's claim of deduction u/s 54F is prima facie acceptable. However, since the AO has not examined

ADHI KUMARA GURU,CHENNAI vs. DCIT, NCC-22(1), CHENNAI

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

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri Amitabh Shuklaमाननीय "ी मनु कुमार िग"र, "ाियक सद" एवं माननीय "ी अिमताभ शु"ा, लेखा सद" के सम"

house property' in respect of 3 properties other than a self- occupied property is offered in occupied property is offered in the return of income. As per the conditions laid the return of income. As per the conditions laid down in section 54F of down in section 54F of the Act, the claim of exemption u/s.54F

ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI, CHENNAI vs. A S CARGO MOVERS PRIVATE LIMITED, CHENNAI

In the result, the appeal of the Revenue and assessee are decided as under:-

Bench: Shri Aby T Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1688 /Chny/2024, Assessment Years: 2015-16 आयकर अपील सं./Ita No.1796 /Chny/2024, Assessment Years: 2017-18 Assistant Commissioner Of Income A.S.Cargo Movers Private Limited, Tax, New No.173, Old No.103, 9Th Floor B Corporate Circle-1(1), Block, Navins Presidium, Chennai. Nelson Manickam Road, Aminjikarai, Chennai-600 029. [Pan: Aaaca7739D] आयकर अपील सं./Co No.56 /Chny/2024 (Ita No.1688/Chny/2024) निर्ाारण वर्ा /Assessment Year: 2015-16 A.S.Cargo Movers Private Limited, Assistant Commissioner Of Income New No.173, Old No.103, 9Th Floor B Tax, Block, Navins Presidium, Corporate Circle-1(1), Nelson Manickam Road, Chennai. Aminjikarai, Chennai-600 029. [Pan: Aaaca7739D] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Shri N.Quadir Hoseyn, Advocate & Dr.L.Natarajan, Ca. प्रत्यर्थी की ओर से /Revenue By : Shri K.N.Dhandapani, Cit सुिवाई की तारीख/Date Of Hearing : 04.12.2024 घोर्णा की तारीख /Date Of Pronouncement : 24.01.2025 आदेश / O R D E R Per Amitabh Shukla, A.M :

Block, Navins Presidium, Corporate Circle-1(1), Nelson Manickam Road, Chennai. Aminjikarai, Chennai-600 029. [PAN: AAACA7739D] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee by : Shri N.Quadir Hoseyn, Advocate & Dr.L.Natarajan, CA. प्रत्यर्थी की ओर से /Revenue by : Shri K.N.Dhandapani, CIT सुिवाई की तारीख/Date of Hearing : 04.12.2024 घोर्णा की तारीख /Date of Pronouncement : 24.01.2025 आदेश

ASSISTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. A S CARGO MOVERS PRIVATE LIMITED, CHENNAI

In the result, the appeal of the Revenue and assessee are decided as under:-

Bench: Shri Aby T Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1688 /Chny/2024, Assessment Years: 2015-16 आयकर अपील सं./Ita No.1796 /Chny/2024, Assessment Years: 2017-18 Assistant Commissioner Of Income A.S.Cargo Movers Private Limited, Tax, New No.173, Old No.103, 9Th Floor B Corporate Circle-1(1), Block, Navins Presidium, Chennai. Nelson Manickam Road, Aminjikarai, Chennai-600 029. [Pan: Aaaca7739D] आयकर अपील सं./Co No.56 /Chny/2024 (Ita No.1688/Chny/2024) निर्ाारण वर्ा /Assessment Year: 2015-16 A.S.Cargo Movers Private Limited, Assistant Commissioner Of Income New No.173, Old No.103, 9Th Floor B Tax, Block, Navins Presidium, Corporate Circle-1(1), Nelson Manickam Road, Chennai. Aminjikarai, Chennai-600 029. [Pan: Aaaca7739D] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Shri N.Quadir Hoseyn, Advocate & Dr.L.Natarajan, Ca. प्रत्यर्थी की ओर से /Revenue By : Shri K.N.Dhandapani, Cit सुिवाई की तारीख/Date Of Hearing : 04.12.2024 घोर्णा की तारीख /Date Of Pronouncement : 24.01.2025 आदेश / O R D E R Per Amitabh Shukla, A.M :

Block, Navins Presidium, Corporate Circle-1(1), Nelson Manickam Road, Chennai. Aminjikarai, Chennai-600 029. [PAN: AAACA7739D] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee by : Shri N.Quadir Hoseyn, Advocate & Dr.L.Natarajan, CA. प्रत्यर्थी की ओर से /Revenue by : Shri K.N.Dhandapani, CIT सुिवाई की तारीख/Date of Hearing : 04.12.2024 घोर्णा की तारीख /Date of Pronouncement : 24.01.2025 आदेश

ITO, NCW - 15 (1), , CHENNAI vs. SHRI KESAVARAMANUJAM SOUNDARARAJAN ANBUSELVAN, CHENNAI

In the result, appeals filed by the assessee, as well as the Revenue are allowed for statistical purposes

Bench: Shri Manjunatha. G & Shri Manomohan Dasआयकरअपीलसं./Ita No.3285/Chny/2019 िनधा"रणवष"/Assessment Year: 2016-17 Mr.K.S.Anbuselvan, V. The Income Tax Officer, 109/56, Fifth Street, Non-Corporate Ward-15(1), Padmanabhanagar, Chennai. Adyar, Chennai-600 020. [Pan:Aaepa 3906 B] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./Ita No.103/Chny/2020 िनधा"रणवष"/Assessment Year: 2016-17 The Income Tax Officer, V. Mr.Kesavaramanujam- Non-Corporate Ward-15(1), Soundararajananbuselvan, No.56, 5Th Street, Chennai. Padmanabhanagar, Adyar, Chennai-600 020. [Pan: Aaepa 3906 B] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Mr.S.Sridhar, Adv. अपीलाथ" क" ओर से/ Appellant By : ""यथ" क" ओर से /Respondent By Mr.Ar.V.Sreenivasan, Addl.Cit : 06.06.2023 सुनवाईक"तारीख/Date Of Hearing : घोषणाक"तारीख /Date Of Pronouncement 14.06.2023

property which comes under two different survey numbers cannot be valued with the same guideline value as the Fair Market Value of both the parts of land cannot be the same. 2. The LD CIT (A) has erred in law in sustaining the additions made the AO, even though it is accepted by the Ld.AIT(A) that the adoption

SHRI K.S. ANBUSELVAN,,CHENNAI vs. ITO, CC-15(1),, CHENNAI

In the result, appeals filed by the assessee, as well as the Revenue are allowed for statistical purposes

Bench: Shri Manjunatha. G & Shri Manomohan Dasआयकरअपीलसं./Ita No.3285/Chny/2019 िनधा"रणवष"/Assessment Year: 2016-17 Mr.K.S.Anbuselvan, V. The Income Tax Officer, 109/56, Fifth Street, Non-Corporate Ward-15(1), Padmanabhanagar, Chennai. Adyar, Chennai-600 020. [Pan:Aaepa 3906 B] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./Ita No.103/Chny/2020 िनधा"रणवष"/Assessment Year: 2016-17 The Income Tax Officer, V. Mr.Kesavaramanujam- Non-Corporate Ward-15(1), Soundararajananbuselvan, No.56, 5Th Street, Chennai. Padmanabhanagar, Adyar, Chennai-600 020. [Pan: Aaepa 3906 B] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Mr.S.Sridhar, Adv. अपीलाथ" क" ओर से/ Appellant By : ""यथ" क" ओर से /Respondent By Mr.Ar.V.Sreenivasan, Addl.Cit : 06.06.2023 सुनवाईक"तारीख/Date Of Hearing : घोषणाक"तारीख /Date Of Pronouncement 14.06.2023

property which comes under two different survey numbers cannot be valued with the same guideline value as the Fair Market Value of both the parts of land cannot be the same. 2. The LD CIT (A) has erred in law in sustaining the additions made the AO, even though it is accepted by the Ld.AIT(A) that the adoption

PALANISAMY RANI,ERODE vs. PCIT-1, COIMBATORE, COIMBATORE

In the result, the appeal of the assessee is allowed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 1490/Chny/2023 िनधा"रणवष" / Assessment Year: 2017-18 Principal Commissioner Of Palanisamy Rani, V. Income Tax, 38, Emm Road-2, Chennimalai Coimbatore. Road, Erode – 638 001. [Pan:Biqpr-2991-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. T. Vasudevan, Advocate ""यथ"क"ओरसे/Respondent By : Shri. V. Nandakumar, Cit सुनवाई क" तारीख/Date Of Hearing : 09.05.2024 घोषणा क" तारीख/Date Of Pronouncement : 10.07.2024 आदेश /O R D E R

house property", the fact that it was assessed for some years as business income cannot be held against the assesses. The question is whether the character of the asset did change and the asset became a fixed asset or investment and ceased to be a business asset. In our opinion, the moment the assessee stopped claiming depreciation in respect

DCIT, CENTRAL CIRCLE-2(3), CHENNAI vs. M/S BSR BUILDERS ENGINEERS & CONTRACTORS, CHENNAI

In the result, both the appeals filed by the Revenue in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.:732, 733 & 734/Chny/2023 िनधा"रण वष" /Assessment Years: 2013-14, 2014-15 & 2015-16 & C.O Nos.34, 35 & 36/Chny/2023 [In I.T.A. Nos.732, 733 & 734/Chny/2023] The Dcit, M/S. Bsr Builders Central Circle 2(3), Vs. Engineers & Contractors, Chennai. No.28, Tank Bund Road, Nungambakkam, Chennai – 600 034. Pan: Aagfb 7140N (अपीलाथ"/Appellant) (Respondent / Cross Objector) राज" की ओर से /Revenue By : Shri V. Nandakumar, Cit िनधा"रती की ओर से/Assessee By : Shri G. Baskar & Shri P.M. Kathir, Advocates सुनवाई क" तारीख/Date Of Hearing : 05.02.2024 घोषणा क" तारीख/Date Of Pronouncement : 27.03.2024

property area of 27522 sq.ft., is sold to Dr. Murugu Sundaram and Dr. Raja Sundaram. The AO noted that the assessee has received this cash payment of Rs.3.20 crores in financial year 2012-13 relevant to this assessment year 2013-14 and assessee’s reply is evasive in regard to project completion method and hence, he assessed this cash received

DCIT, CENTRAL CIRCLE-2(3), CHENNAI vs. M/S BSR BUILDERS ENGINEERS & CONTRACTORS, CHENNAI

In the result, both the appeals filed by the Revenue in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita Nos.:732, 733 & 734/Chny/2023 िनधा"रण वष" /Assessment Years: 2013-14, 2014-15 & 2015-16 & C.O Nos.34, 35 & 36/Chny/2023 [In I.T.A. Nos.732, 733 & 734/Chny/2023] The Dcit, M/S. Bsr Builders Central Circle 2(3), Vs. Engineers & Contractors, Chennai. No.28, Tank Bund Road, Nungambakkam, Chennai – 600 034. Pan: Aagfb 7140N (अपीलाथ"/Appellant) (Respondent / Cross Objector) राज" की ओर से /Revenue By : Shri V. Nandakumar, Cit िनधा"रती की ओर से/Assessee By : Shri G. Baskar & Shri P.M. Kathir, Advocates सुनवाई क" तारीख/Date Of Hearing : 05.02.2024 घोषणा क" तारीख/Date Of Pronouncement : 27.03.2024

property area of 27522 sq.ft., is sold to Dr. Murugu Sundaram and Dr. Raja Sundaram. The AO noted that the assessee has received this cash payment of Rs.3.20 crores in financial year 2012-13 relevant to this assessment year 2013-14 and assessee’s reply is evasive in regard to project completion method and hence, he assessed this cash received