DCIT NON CORPORATE CIRCLE 1, CHENNAI vs. MUTHU DANIEL RAJAN, CHENNAI

In the result, appeal filed by the Revenue in ITA No

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.1675/Chny/2019 िनधा"रण वष" /Assessment Year: 2013-14 Mr.Muthu Daniel Rajan, V. The Asst. Commissioner- No.10, Appar Street, Of Income Tax, Kalakshetra Colony, Non-Corporate Circle-1(1), Besant Nagar, Chennai. Chennai-600 090. [Pan: Aadpd 9713 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

exemption u/s.54F of the Act. 5.1 The AO, however, was not convinced with the explanation of the assessee and according to the AO, deduction claimed u/s.54F of the Act, is not in accordance with law, because, the assessee has purchased new house property

DCIT NON CORPORATE CIRCLE 1, CHENNAI vs. MUTHU DANIEL RAJAN, CHENNAI

In the result, appeal filed by the Revenue in ITA No

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.1675/Chny/2019 िनधा"रण वष" /Assessment Year: 2013-14 Mr.Muthu Daniel Rajan, V. The Asst. Commissioner- No.10, Appar Street, Of Income Tax, Kalakshetra Colony, Non-Corporate Circle-1(1), Besant Nagar, Chennai. Chennai-600 090. [Pan: Aadpd 9713 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

exemption u/s.54F of the Act. 5.1 The AO, however, was not convinced with the explanation of the assessee and according to the AO, deduction claimed u/s.54F of the Act, is not in accordance with law, because, the assessee has purchased new house property

MUTHU DANIEL RAJAN,CHENNAI vs. CIT CORPORATE CIRCLE 1, CHENNAI

In the result, appeal filed by the Revenue in ITA No

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.1675/Chny/2019 िनधा"रण वष" /Assessment Year: 2013-14 Mr.Muthu Daniel Rajan, V. The Asst. Commissioner- No.10, Appar Street, Of Income Tax, Kalakshetra Colony, Non-Corporate Circle-1(1), Besant Nagar, Chennai. Chennai-600 090. [Pan: Aadpd 9713 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

exemption u/s.54F of the Act. 5.1 The AO, however, was not convinced with the explanation of the assessee and according to the AO, deduction claimed u/s.54F of the Act, is not in accordance with law, because, the assessee has purchased new house property

THANUSHKODI NARAYANAN,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(2), CHENNAI

In the result, the appeals filed by the assessees in ITA Nos

property Rs. 5,87,998/-\nas returned\nAdd: Addition to deemed rental income Rs. 9,00,000/-\n(as in para 10.1 & 10.4)\nAdd: Disallowance u/s 24(b) (as in Paras 11.1 & 11.2) Rs. 2,00,000/- Rs. 16,87,998/-\nC. Long Term Capital Gain as returned Rs. 7,13,052/-\nD. Income from Other Sources

SHRI RAMALINGAM NAGARAJAN,CHENNAI vs. ITO, NCW - 21 (3),, CHENNAI

In the result, appeal filed by the assessee is dismissed

Bench: Shri Mahavir Singh, Hon’Ble & Shri G. Manjunatha, Hon’Ble

exemption, cannot be denied. In this case, the assessee could not furnish any evidences with regard to completion of construction of house within three years from the date of sale of original asset and also any other evidences to prove that amount has been spent for construction of house property

THANUSHKODI NARAYANAN,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(2), CHENNAI

property Rs. 5,87,998/-\nas returned\nAdd: Addition to deemed rental income Rs. 9,00,000/-\n(as in para 10.1 & 10.4)\nAdd: Disallowance u/s 24(b) (as in Rs. 2,00,000/-\nParas 11.1 & 11.2)\nRs.\n16,87,998/-\nRs.\n7,13,052/-\nC. Long Term Capital Gain as returned\nD. Income from Other Sources

GANESAN KALEESWARAN,,CHENNAI vs. ITO, NCW - 23 (4),, CHENNAI

In the result, the appeal filed by the assessee is partly allowed for statistical purpose

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

House Property u/s.24 of the I.T. Act, reworked by the Assessing Officer on the basis of assumptions and not the evidences provided. 3 2) Excess expenses claimed u/s.10 of the I.T. Act, Bank statements submitted was not considered. Oral and documentary evidences regarding also was not taken into account. 4. First, we will deal with the issue of expenses claimed

ITO, NON CORPORATE WARD -15(3), CHENNAI vs. SHRI RAMACHANDRA RAMAN, CHENNAI

In the result, the appeal filed by the Revenue is dismissed and the Cross Objection filed by the assessee is allowed

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. No.124/Chny/2018 िनधा"रण वष"/Assessment Year: 2009-10 & C.O. No. 58/Chny/2018 [In I.T.A. No.124/Chny/2018] The Income Tax Officer, Vs. Shri Ramachandra Raman, Non Corporate Ward 15(3), 21B, Deccan Parvathy, 2Nd Floor, Room No. 206, Wanaparthy Kannappa Nagar Extension, Block, 121, M.G. Road, Thiruvanmiyur, Chennai 41. Chennai – 600 034. [Pan: Aehpr6467D] (अपीलाथ" /Appellant) (""थ"/Respondent/Cross Objector) Department By : Shri Sajit Kumar, Jcit Assessee By : Shri T. Banusekar, C.A. सुनवाई की तारीख/ Date Of Hearing : 17.05.2022 घोषणा की तारीख /Date Of Pronouncement : 08.06.2022 आदेश /O R D E R Per V. Durga Rao: The Appeal Filed By The Revenue & The Cross Objection Filed By The Assessee Are Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai, Dated 28.09.2017 Relevant To The Assessment Year 2009-10. 2. The Cross Objection Filed By The Assessee Is In Respect Of Reopening Of Assessment Under Section 147 Of The Income Tax Act

exemptions under section 54EC & 54F of the Act tantamount to review of the original assessment order, which is mere change of opinion and not permissible in view of the Judgement of the Hon’ble Supreme Court in the case of CIT v. Kelvinator of India Ltd. 320 ITR 561 (SC), the Assessing Officer cannot reopen the assessment order passed under

R.MOHAN,CHENNAI vs. ITO NONCORORATE WARD 7(4), CHENNAI

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

Bench: Shri Mahavir Singh, Hon’Ble & Shri G. Manjunatha, Hon’Ble

exemption u/s.54 of the Act, for purchase of residential house plot and construction of residential house thereon for a consideration of Rs.89,51,190/-. 4. During the course of assessment proceedings, the AO noticed that the assessee had computed indexed cost of acquisition by adopting Fair Market Value of the property

KESAVAN VANITHAMANI,CHENNAI vs. ITO, NCW-19(4), CHENNAI

Bench: Ms. Padmavathy.S & Shri Manu Kumar Giriआयकर अपील सं./Ita Nos.2451 & 2452/Chny/2025 िनधा$रण वष$ /Assessment Years: 2017-18 & 2018-19

exemption by the Assessing Officer by invoking the First Proviso to Section 54F of the Act which is inapplicable to the facts and circumstances of the Appellant's case. 4. The Ld. CIT(A) failed to note that the Appellant was in possession of only one residential property and one Tannery, other than the new asset, at the date

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

property on 10.12.2011. 3.2 The AO examined the claim of assessee in regard to claim of exemption u/s.54F of the Act and held that the assessee is not entitled for the claim of exemption due to the following reasons:- (a) The AO denied the claim of exemption on the reason that the alleged purchase of residential house

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

property on 10.12.2011. 3.2 The AO examined the claim of assessee in regard to claim of exemption u/s.54F of the Act and held that the assessee is not entitled for the claim of exemption due to the following reasons:- (a) The AO denied the claim of exemption on the reason that the alleged purchase of residential house

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

property on 10.12.2011. 3.2 The AO examined the claim of assessee in regard to claim of exemption u/s.54F of the Act and held that the assessee is not entitled for the claim of exemption due to the following reasons:- (a) The AO denied the claim of exemption on the reason that the alleged purchase of residential house

ITO, NON-COPORATE WARD-19(6), CHENNAI vs. SHRI.GOMATHINAYAGAM RATHINASABAPATHY, EKKADUTHANGAL CHENNAI

In the result the appeal of the revenue is dismissed

exemption\nclaimed u/s 54F of the Act by the Respondent Assessee. The re-\nassessment proceedings were initiated based on the recitals in\nthe partition deed wherein the schedule, the subject property\nwas mentioned as vacant house

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

ZANNATHU FIRDOUSE,CHENNAI vs. ITO, INTNL. TAXN WARD-2(2), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Manjunatha. G, Hon’Ble & Shri Manomohan Das, Hon’Bleआयकर अपील सं./Ita No.: 422/Chny/2023 िनधा"रण वष" / Assessment Year: 2012-13 Zannathul Firdouse, The Income Tax Officer, Flat C-104, Raheja Regency, V. International Taxation Ward - 147, Santhome High Road, 2(2), R A Puram, Chennai. Chennai – 600 028. [Pan: Aadpz-6639-H] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. B. Ramakrishna, Fca : Shri. D. Hema Bhupal, Jcit ""यथ" क" ओर से/Respondent By सुनवाई क" तारीख/Date Of Hearing : 28.08.2023 घोषणा क" तारीख/Date Of Pronouncement : 31.08.2023 आदेश /O R D E R

exemption claimed and/or grant such other relief as this Hon'ble Tribunal may deem fit.” 3. The brief facts of the case are that, the appellant is an individual and has filed her return of income for the assessment year 2012-13 on 01.06.2013, admitting a total income of Rs. 2,76,760/-. During the financial year relevant to assessment

DEPUTY COMMISSIONER OF INCOME TAX, NON-CORPORATE CIRCLE 7(1), CHENNAI vs. VELLORE SUBRAMANIAN SARAVANAN, CHENNAI

In the result, appeal filed by the Re

Bench: Shri Aby T. Varkey & Shri Jagadish

house should be used for acquisition of the new ed for acquisition of the new asset, Section 54(1) would not have allowed adjustment and/or exemption in asset, Section 54(1) would not have allowed adjustment and/or exemption in asset, Section 54(1) would not have allowed adjustment and/or exemption in respect of property

SENTHIL KUMAR (HUF),TUTICORIN CHENNAI vs. ITO, WARD 4, , TUTICORIN CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 653/Chny/2023 िनधा"रण वष" / Assessment Year: 2015-16 Senthil Kumar (Huf) Ito, 34B/4, Briyant Nagar, V. Ward-4, 4Th Street Middle, Tuticorin. Bryant Nagar, Tuticorin – 628 008 . [Pan: Abahs-1591-K] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. N. Arjun Raj, Ca ""यथ" क" ओर से/Respondent By : Shri. D. Hema Bhupal, Jcit सुनवाई क" तारीख/Date Of Hearing : 03.08.2023 घोषणा क" तारीख/Date Of Pronouncement : 11.08.2023

house property and has computed deduction u/s. 54F of the Act at Rs. 48,89,965/-. In our considered view, the reasons given by the Assessing Officer to adopt full value of consideration as per the provisions of section 50C of the Act, for the purpose of computing deduction u/s. 54F of the Act, is totally misconstrued and misplaced, because