UPPU KARUNASESH,CHENNAI vs. JCIT, CHENNAI

In the result, both the appeals filed by the assessee are allowed

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./Ita Nos.978 & 979/Chny/2015 "नधा"रण वष" / Assessment Years : 2009-10 & 2010-11

22 and 23 of the Act, the Ld.counsel for the assessee submitted that for the purpose of determining annual rental value of the house property, the assessee shall be the owner of the property. Further, according to the Ld. counsel, Section 25B of the Act in categorical terms explains that the “owner of the property” means the 4 I.T.A. Nos.978

UPPU KARUNASESH,CHENNAI vs. JCIT, CHENNAI

In the result, both the appeals filed by the assessee are allowed

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./Ita Nos.978 & 979/Chny/2015 "नधा"रण वष" / Assessment Years : 2009-10 & 2010-11

22 and 23 of the Act, the Ld.counsel for the assessee submitted that for the purpose of determining annual rental value of the house property, the assessee shall be the owner of the property. Further, according to the Ld. counsel, Section 25B of the Act in categorical terms explains that the “owner of the property” means the 4 I.T.A. Nos.978

NAREN RAJAN,COIMBATORE vs. ACIT, COIMBATORE

In the result, the appeal filed by the assessee for assessment year 2012-13 is partly allowed and appeal filed by the Revenue for assessment year 2012-13 is dismissed

Bench: Shri Mahavir Singh & Shri G. Manjunatha

house property, income from business and income from other sources, filed his return of income for the assessment year 2011-12 on 30.09.2011, declaring income of Rs.62,75,257/-. The case was selected for scrutiny and during the course of assessment proceeding, the AO noticed that the assessee is Proprietor of M/s. Tristar Consultancy Services, had received

PADMINI RAJAN, L/R OF LATE (SHRI) NAREN RAJAN,COIMBATORE vs. DCIT CORPORATE CIRCLE 2, COIMBATORE

In the result, the appeal filed by the assessee for assessment year 2012-13 is partly allowed and appeal filed by the Revenue for assessment year 2012-13 is dismissed

Bench: Shri Mahavir Singh & Shri G. Manjunatha

house property, income from business and income from other sources, filed his return of income for the assessment year 2011-12 on 30.09.2011, declaring income of Rs.62,75,257/-. The case was selected for scrutiny and during the course of assessment proceeding, the AO noticed that the assessee is Proprietor of M/s. Tristar Consultancy Services, had received

ACIT CORPORATE CIRCLE 2, COIMBATORE vs. LATE SHRI NAREN RAJAN, REP.BY L/H SMT. PADMINI V.R, COIMBATORE

In the result, the appeal filed by the assessee for assessment year 2012-13 is partly allowed and appeal filed by the Revenue for assessment year 2012-13 is dismissed

Bench: Shri Mahavir Singh & Shri G. Manjunatha

house property, income from business and income from other sources, filed his return of income for the assessment year 2011-12 on 30.09.2011, declaring income of Rs.62,75,257/-. The case was selected for scrutiny and during the course of assessment proceeding, the AO noticed that the assessee is Proprietor of M/s. Tristar Consultancy Services, had received

DYNACON EQUIPMENTS PVT LTD.,CHENNAI vs. ACIT CORPORATE CIRCLE 1(4), CHENNAI

In the result, the appeal filed by assessee in ITA

Bench: Shri Ramit Kochar & Shri Duvvuru R.L.Reddy

10 -: computing income and permissible deductions which are contained in different provisions of the Act for each of the aforesaid heads, are to be applied. For example, provisions for computing the income from house property are contained in Sections 22

DYNACON EQUIPMENTS PVT. LTD.,CHENNAI vs. ACIT CORPORATE CIRCLE 1(4), CHENNAI

In the result, the appeal filed by assessee in ITA

Bench: Shri Ramit Kochar & Shri Duvvuru R.L.Reddy

10 -: computing income and permissible deductions which are contained in different provisions of the Act for each of the aforesaid heads, are to be applied. For example, provisions for computing the income from house property are contained in Sections 22

TAMIL NADU BRICK INDUSTRIES,CHENNAI vs. ITO, CHENNAI

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A.No.744/Chny/2017 "नधा"रण वष"/Assessment Year:2013-14 M/S. Tamilnadu Brick Industries, The Income Tax Officer, No. 47, Mangali Nagar 1St Street, Vs. Non Corporate Circle 8(1), Arumbakkam, Chennai 600 106. Chennai. [Pan: Aafft3643P] (अपीलाथ" /Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से / Appellant By : Shri S. Sridhar, Advocate ""यथ" क" ओर से/Respondent By : Shri Vijay Kumar Punna, Jr. Standing Counsel सुनवाई क" तार"ख/ Date Of Hearing : 13.02.2018 घोषणा क" तार"ख /Date Of Pronouncement : 11.05.2018 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 9, Chennai, Dated 27.02.2017 Relevant To The Assessment Year 2013-14. The Assessee Has Raised The Following Grounds: “1. The Order Of The Commissioner Of Income Tax (Appeals) 9, Chennai Dated 27.02.2017 In I.T.A.No.07/Cit(A)-9/2016-17 For The Above Mentioned Assessment Year Is Contrary To Law, Facts & In The Circumstances Of The Case.

22 is not warranted. Moreover, in the absence of any part performance as contemplated under section 53A of Transfer of Property Act, 1882, the Supreme Court held in the case of Suraj Lamp and Industries Ltd. v. State of Haryana [2012] 340 ITR 1 that registration of sale deed alone completes the transfer. The Hon'ble Supreme Court further held

ACIT, CC- 6(2),, CHENNAI vs. S.N. DAMANI INFRA PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Mahavir Singh & Shri G. Manjunathaआयकर अपील सं./Ita No.: 3324/Chny/2019 िनधा"रण वष" / Assessment Year: 2014-15 Assistant Commissioner Of Income S.N. Damani Infra Pvt. Ltd., Tax, V. No. 6, Ground Floor, Corporate Circle 6 (2), Rayala Tower, Chennai. 781-785, Anna Salai, Chennai – 600 002. [Pan: Aaocs 0334C] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Ar V Sreenivasan, Addl. Cit ""यथ" क" ओर से/Respondent By : Shri. D. Anand, Advocate सुनवाई क" तार"ख/Date Of Hearing : 09.11.2021 घोषणा क" तार"ख/Date Of Pronouncement : 30.11.2021 आदेश /O R D E R

22, read with sections 27 and 28(i) of the Income-tax Act, 1961 Income from house property - Chargeable as (Letting of shops)- Assessee acquired leasehold rights in a property from MCGB - It constructed various shops and stalls on said property and gave same to various persons on sub-licensing basis – Income generated from sub-licensing was claimed as business

ACIT (OSD) CORPORATE CIRCLE 4(2), CHENNAI vs. KKA BUILDTECH PRIVATE LIMITED, CHENNAI

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.1159/Chny/2019 िनधा"रण वष" /Assessment Year: 2014-15

section 22 provides that rental income from property, being building or land appurtenant thereto, of which the taxpayer is the owner is charged to tax under, the head "Income from house property". It will not make any difference whether the property held by the owner as stock in trade or otherwise. Thus, in respect of property held as stock

M/S. J.G. EXPORTS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals of the assessee stand dismissed

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. Nos.2372, 2373, 2374, 2375, 2376, 2377 & 2378/ Mds/2016 "नधा"रण वष" /Assessment Years :2005-06, 2006-07, 2007-08, 2008- 09, 2009-10, 2010-11 & 2011-2012. M/S. Jg Exports, Vs. The Income Tax Officer, No.55, Narayanamudali Business Circle X (2) Street, Chennai 600 006. Chennai 600 079. [Pan Aaafj 3129M] (अपीलाथ"/Appellant) (""यथ"/Respondent)

10-10-2017 घोषणा क" तार"ख /Date of Pronouncement : 11-10-2017 आदेश / O R D E R PER BENCH: These are appeals filed by the assessee directed against orders dated 27.05.2016 of the ld. Commissioner of Income Tax (Appeals)-5, Chennai for the impugned assessment years. Grounds taken by the assessee for all the years are common

M/S. J.G. EXPORTS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals of the assessee stand dismissed

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. Nos.2372, 2373, 2374, 2375, 2376, 2377 & 2378/ Mds/2016 "नधा"रण वष" /Assessment Years :2005-06, 2006-07, 2007-08, 2008- 09, 2009-10, 2010-11 & 2011-2012. M/S. Jg Exports, Vs. The Income Tax Officer, No.55, Narayanamudali Business Circle X (2) Street, Chennai 600 006. Chennai 600 079. [Pan Aaafj 3129M] (अपीलाथ"/Appellant) (""यथ"/Respondent)

10-10-2017 घोषणा क" तार"ख /Date of Pronouncement : 11-10-2017 आदेश / O R D E R PER BENCH: These are appeals filed by the assessee directed against orders dated 27.05.2016 of the ld. Commissioner of Income Tax (Appeals)-5, Chennai for the impugned assessment years. Grounds taken by the assessee for all the years are common

M/S. J.G. EXPORTS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals of the assessee stand dismissed

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. Nos.2372, 2373, 2374, 2375, 2376, 2377 & 2378/ Mds/2016 "नधा"रण वष" /Assessment Years :2005-06, 2006-07, 2007-08, 2008- 09, 2009-10, 2010-11 & 2011-2012. M/S. Jg Exports, Vs. The Income Tax Officer, No.55, Narayanamudali Business Circle X (2) Street, Chennai 600 006. Chennai 600 079. [Pan Aaafj 3129M] (अपीलाथ"/Appellant) (""यथ"/Respondent)

10-10-2017 घोषणा क" तार"ख /Date of Pronouncement : 11-10-2017 आदेश / O R D E R PER BENCH: These are appeals filed by the assessee directed against orders dated 27.05.2016 of the ld. Commissioner of Income Tax (Appeals)-5, Chennai for the impugned assessment years. Grounds taken by the assessee for all the years are common

M/S. J.G. EXPORTS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals of the assessee stand dismissed

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. Nos.2372, 2373, 2374, 2375, 2376, 2377 & 2378/ Mds/2016 "नधा"रण वष" /Assessment Years :2005-06, 2006-07, 2007-08, 2008- 09, 2009-10, 2010-11 & 2011-2012. M/S. Jg Exports, Vs. The Income Tax Officer, No.55, Narayanamudali Business Circle X (2) Street, Chennai 600 006. Chennai 600 079. [Pan Aaafj 3129M] (अपीलाथ"/Appellant) (""यथ"/Respondent)

10-10-2017 घोषणा क" तार"ख /Date of Pronouncement : 11-10-2017 आदेश / O R D E R PER BENCH: These are appeals filed by the assessee directed against orders dated 27.05.2016 of the ld. Commissioner of Income Tax (Appeals)-5, Chennai for the impugned assessment years. Grounds taken by the assessee for all the years are common

M/S. J.G. EXPORTS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals of the assessee stand dismissed

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. Nos.2372, 2373, 2374, 2375, 2376, 2377 & 2378/ Mds/2016 "नधा"रण वष" /Assessment Years :2005-06, 2006-07, 2007-08, 2008- 09, 2009-10, 2010-11 & 2011-2012. M/S. Jg Exports, Vs. The Income Tax Officer, No.55, Narayanamudali Business Circle X (2) Street, Chennai 600 006. Chennai 600 079. [Pan Aaafj 3129M] (अपीलाथ"/Appellant) (""यथ"/Respondent)

10-10-2017 घोषणा क" तार"ख /Date of Pronouncement : 11-10-2017 आदेश / O R D E R PER BENCH: These are appeals filed by the assessee directed against orders dated 27.05.2016 of the ld. Commissioner of Income Tax (Appeals)-5, Chennai for the impugned assessment years. Grounds taken by the assessee for all the years are common

M/S. J.G. EXPORTS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals of the assessee stand dismissed

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. Nos.2372, 2373, 2374, 2375, 2376, 2377 & 2378/ Mds/2016 "नधा"रण वष" /Assessment Years :2005-06, 2006-07, 2007-08, 2008- 09, 2009-10, 2010-11 & 2011-2012. M/S. Jg Exports, Vs. The Income Tax Officer, No.55, Narayanamudali Business Circle X (2) Street, Chennai 600 006. Chennai 600 079. [Pan Aaafj 3129M] (अपीलाथ"/Appellant) (""यथ"/Respondent)

10-10-2017 घोषणा क" तार"ख /Date of Pronouncement : 11-10-2017 आदेश / O R D E R PER BENCH: These are appeals filed by the assessee directed against orders dated 27.05.2016 of the ld. Commissioner of Income Tax (Appeals)-5, Chennai for the impugned assessment years. Grounds taken by the assessee for all the years are common

M/S. J.G. EXPORTS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals of the assessee stand dismissed

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. Nos.2372, 2373, 2374, 2375, 2376, 2377 & 2378/ Mds/2016 "नधा"रण वष" /Assessment Years :2005-06, 2006-07, 2007-08, 2008- 09, 2009-10, 2010-11 & 2011-2012. M/S. Jg Exports, Vs. The Income Tax Officer, No.55, Narayanamudali Business Circle X (2) Street, Chennai 600 006. Chennai 600 079. [Pan Aaafj 3129M] (अपीलाथ"/Appellant) (""यथ"/Respondent)

10-10-2017 घोषणा क" तार"ख /Date of Pronouncement : 11-10-2017 आदेश / O R D E R PER BENCH: These are appeals filed by the assessee directed against orders dated 27.05.2016 of the ld. Commissioner of Income Tax (Appeals)-5, Chennai for the impugned assessment years. Grounds taken by the assessee for all the years are common

ASFA TECHNOLOGIES & BPO PVT. LTD.,CHENNAI vs. ITO CORPORATE WARD 1(4), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Mahavir Singh, Vice- & Shri G. Manjunatha

22, annual value of any property shall be deemed to be sum for which property might reasonably be expected to let from year to year and where property or any part of property is let and was vacant during whole or any part of previous year and owing to such vacancy, actual rent received or receivable by the owner

MRS. RAJYASHREE SHYAM,,CHENNAI vs. ACIT, CORPORATE CIRCLE - 18 (1),, CHENNAI

In the result, the appeal filed by the assessee stands

Bench: Shri N.R.S. Ganesan & Shri Inturi Rama Rao] आयकर अपील सं./I.T.A. No.2114/Chny/2019 "नधा"रण वष" /Assessment Year : 2016-2017. Rajyashree Shyam, Vs. The Assistant Commissioner No.A-1405, Of Income Tax, Radiance Mandarin, Corporate Circle 18(1) No.1, Pallavaram Chennai 600 034. Thioraipakkam Raidal Road, Chennai 600 097. [Pan Agcps 0649F] (अपीलाथ"/Appellant) (""यथ"/Respondent)

22,00,000/-. 8. Therefore, the issue that comes up for consideration is whether exemption u/s.54 of the Act are to be denied in the absences of nexus between sale consideration received on sale of old :- 6 -: asset and source of investment in new house. On mere reading of provisions of Section 54 of the Act, it would be clear

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

22,000/- being the cost of construction of the residential building. being the cost of construction of the residential building. being the cost of construction of the residential building. The AO is thus noted to have disallowed the claim of cost of land at is thus noted to have disallowed the claim of cost of land at is thus noted