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

seizure of the Tally accounts of M/s ABREPL, which was otherwise not available with the AO before the search, is to be considered as incriminating in nature for the purpose of making assessment u/s 153A of the Act. Further, the contention of the appellant that the audited books of accounts were filed along with the return of income

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

seizure of the Tally accounts of M/s ABREPL, which was otherwise not available with the AO before the search, is to be considered as incriminating in nature for the purpose of making assessment u/s 153A of the Act. Further, the contention of the appellant that the audited books of accounts were filed along with the return of income

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

seizure of the Tally accounts of M/s ABREPL, which was otherwise not available with the AO before the search, is to be considered as incriminating in nature for the purpose of making assessment u/s 153A of the Act. Further, the contention of the appellant that the audited books of accounts were filed along with the return of income

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

seizure of the Tally accounts of M/s ABREPL, which was otherwise not available with the AO before the search, is to be considered as incriminating in nature for the purpose of making assessment u/s 153A of the Act. Further, the contention of the appellant that the audited books of accounts were filed along with the return of income

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

seizure of the Tally accounts of M/s ABREPL, which was otherwise not available with the AO before the search, is to be considered as incriminating in nature for the purpose of making assessment u/s 153A of the Act. Further, the contention of the appellant that the audited books of accounts were filed along with the return of income

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

House property\nas returned\n(Rs. 35,27,428/-)\nAdd:\nInterest on borrowed capital\ndisallowed (as in para 13.4)\nRs. 8,14,484/-\nAdd: Addition to deemed rental income\n(as in para 12.5)\nRs. 1,68,000/-\nAdd: Disallowance of deduction u/s 24(a)\n(as in para 12.6)\nRs. 25,200/-\nAdd: Further estimated addition in respect

SMT. V.PRREMALATHA,CHENNAI vs. ACIT, CHENNAI

The appeal stand partly allowed

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

seizure and the former deals with assessment in case of search etc, thus, the two are inextricably linked with each other. ITA Nos.21 to 27/Chny/2012 49. Before proceeding further, we may now examine the provision contained in subsection (2) of section 153, which has been dealt with by Ld. Counsel. It provides that if any assessment made under subsection

SMT. V.PRREMALATHA,CHENNAI vs. ACIT, CHENNAI

The appeal stand partly allowed

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

seizure and the former deals with assessment in case of search etc, thus, the two are inextricably linked with each other. ITA Nos.21 to 27/Chny/2012 49. Before proceeding further, we may now examine the provision contained in subsection (2) of section 153, which has been dealt with by Ld. Counsel. It provides that if any assessment made under subsection

SMT. V.PRREMALATHA,CHENNAI vs. ACIT, CHENNAI

The appeal stand partly allowed

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

seizure and the former deals with assessment in case of search etc, thus, the two are inextricably linked with each other. ITA Nos.21 to 27/Chny/2012 49. Before proceeding further, we may now examine the provision contained in subsection (2) of section 153, which has been dealt with by Ld. Counsel. It provides that if any assessment made under subsection

SMT. V.PRREMALATHA,CHENNAI vs. ACIT, CHENNAI

The appeal stand partly allowed

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

seizure and the former deals with assessment in case of search etc, thus, the two are inextricably linked with each other. ITA Nos.21 to 27/Chny/2012 49. Before proceeding further, we may now examine the provision contained in subsection (2) of section 153, which has been dealt with by Ld. Counsel. It provides that if any assessment made under subsection

SMT. V.PRREMALATHA,CHENNAI vs. ACIT, CHENNAI

The appeal stand partly allowed

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

seizure and the former deals with assessment in case of search etc, thus, the two are inextricably linked with each other. ITA Nos.21 to 27/Chny/2012 49. Before proceeding further, we may now examine the provision contained in subsection (2) of section 153, which has been dealt with by Ld. Counsel. It provides that if any assessment made under subsection

SMT. V.PRREMALATHA,CHENNAI vs. ACIT, CHENNAI

The appeal stand partly allowed

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

seizure and the former deals with assessment in case of search etc, thus, the two are inextricably linked with each other. ITA Nos.21 to 27/Chny/2012 49. Before proceeding further, we may now examine the provision contained in subsection (2) of section 153, which has been dealt with by Ld. Counsel. It provides that if any assessment made under subsection

SMT. V.PRREMALATHA,CHENNAI vs. ACIT, CHENNAI

The appeal stand partly allowed

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

seizure and the former deals with assessment in case of search etc, thus, the two are inextricably linked with each other. ITA Nos.21 to 27/Chny/2012 49. Before proceeding further, we may now examine the provision contained in subsection (2) of section 153, which has been dealt with by Ld. Counsel. It provides that if any assessment made under subsection

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

seizure operation was carried out in the group cases of Trivitron group of companies on 18th November, 2011 at the office, factory and residential house of Directors. In the case of the assessee search was conducted at I.T.A.Nos.2634 to 2639/Mds/2014 :- 18 -: his residence. During the course of search operations, the Income Tax department had seized cash amounting

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

seizure operation was carried out in the group cases of Trivitron group of companies on 18th November, 2011 at the office, factory and residential house of Directors. In the case of the assessee search was conducted at I.T.A.Nos.2634 to 2639/Mds/2014 :- 18 -: his residence. During the course of search operations, the Income Tax department had seized cash amounting

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

seizure operation was carried out in the group cases of Trivitron group of companies on 18th November, 2011 at the office, factory and residential house of Directors. In the case of the assessee search was conducted at I.T.A.Nos.2634 to 2639/Mds/2014 :- 18 -: his residence. During the course of search operations, the Income Tax department had seized cash amounting

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

seizure operation was carried out in the group cases of Trivitron group of companies on 18th November, 2011 at the office, factory and residential house of Directors. In the case of the assessee search was conducted at I.T.A.Nos.2634 to 2639/Mds/2014 :- 18 -: his residence. During the course of search operations, the Income Tax department had seized cash amounting

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

seizure operation was carried out in the group cases of Trivitron group of companies on 18th November, 2011 at the office, factory and residential house of Directors. In the case of the assessee search was conducted at I.T.A.Nos.2634 to 2639/Mds/2014 :- 18 -: his residence. During the course of search operations, the Income Tax department had seized cash amounting