DCIT CC 2 2 , CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

In the result, both the appeals filed by the Revenue and the\nassessee are dismissed

property, being land or building or both, shares\nand securities, loans and advances, deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1), where the\nincome chargeable to tax represented in the form of an asset or\nexpenditure in relation to an event or occasion of the value referred to\nin clause (b) of sub-section (1

DCIT CC 2 2 , CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

In the result, both the appeals filed by the Revenue and the\nassessee are dismissed

property, being land or building or both, shares\nand securities, loans and advances, deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1), where the\nincome chargeable to tax represented in the form of an asset or\nexpenditure in relation to an event or occasion of the value referred to\nin clause (b) of sub-section (1

SOUTHERN AGRIFURANE INDUSTRIES PVT. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2),, CHENNAI

In the result, both the appeals filed by the Revenue and the\nassessee are dismissed

property, being land or building or both, shares\nand securities, loans and advances, deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1), where the\nincome chargeable to tax represented in the form of an asset or\nexpenditure in relation to an event or occasion of the value referred to\nin clause (b) of sub-section (1

SOUTHERN AGRIFURANE INDUSTRIES PVT.. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2), CHENNAI

In the result, both the appeals filed by the Revenue and the\nassessee are dismissed

property, being land or building or both, shares\nand securities, loans and advances, deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1), where the\nincome chargeable to tax represented in the form of an asset or\nexpenditure in relation to an event or occasion of the value referred to\nin clause (b) of sub-section (1

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2 (2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

property, being land or building or both, shares\nand securities, loans and advances, deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1), where the\nincome chargeable to tax represented in the form of an asset or\nexpenditure in relation to an event or occasion of the value referred to\nin clause (b) of sub-section (1

SOUTHERN AGRIFURANE INDUSTRIES PVT. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2),, CHENNAI

property, being land or building or both, shares\nand securities, loans and advances, deposits in bank account.\n(1A) Notwithstanding anything contained in sub-section (1), where the\nincome chargeable to tax represented in the form of an asset or\nexpenditure in relation to an event or occasion of the value referred to\nin clause (b) of sub-section (1

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

Section 14 of the 1961 Act , so that Revenue gets its legitimate share of correct taxes due from tax- payer for every assessment year. Since, we have held that rental income from the said factory land , building constructed thereon and 2 generators installed thereon shall be chargeable to income-tax under the head ‘Income from House Property’ and hence

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

Section 14 of the 1961 Act , so that Revenue gets its legitimate share of correct taxes due from tax- payer for every assessment year. Since, we have held that rental income from the said factory land , building constructed thereon and 2 generators installed thereon shall be chargeable to income-tax under the head ‘Income from House Property’ and hence

SHRIRAM OWNERSHIP TRUST,CHENNAI vs. DCIT, CHENNAI

In the result, the appeals of the assessee for both

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos. 406 & 407/Mds/2017 "नधा"रण वष" /Assessment Years : 2013-2014 & 2014-2015. Shriram Ownership Trust, Vs. The Deputy Commissioner Of No.4, Shriram House, I Floor, Income Tax, Burkit Road, T. Nagar, Non Corporate Circle 2, Chennai 600 017. Chennai 600 034. [Pan Aagts 2243H] (अपीलाथ"/Appellant) (""यथ"/Respondent)

House, I floor, Income Tax, Burkit Road, T. Nagar, Non Corporate Circle 2, Chennai 600 017. Chennai 600 034. [PAN AAGTS 2243H] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant by : Shri. R. Sivaraman, Advocate ""यथ" क" ओर से /Respondent by : Shri. Shaji P. Jacob, IRS, Addl. CIT. : 22-06-2017 सुनवाई क" तार"ख/Date of Hearing घोषणा

SHRIRAM OWNERSHIP TRUST,CHENNAI vs. DCIT, CHENNAI

In the result, the appeals of the assessee for both

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos. 406 & 407/Mds/2017 "नधा"रण वष" /Assessment Years : 2013-2014 & 2014-2015. Shriram Ownership Trust, Vs. The Deputy Commissioner Of No.4, Shriram House, I Floor, Income Tax, Burkit Road, T. Nagar, Non Corporate Circle 2, Chennai 600 017. Chennai 600 034. [Pan Aagts 2243H] (अपीलाथ"/Appellant) (""यथ"/Respondent)

House, I floor, Income Tax, Burkit Road, T. Nagar, Non Corporate Circle 2, Chennai 600 017. Chennai 600 034. [PAN AAGTS 2243H] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant by : Shri. R. Sivaraman, Advocate ""यथ" क" ओर से /Respondent by : Shri. Shaji P. Jacob, IRS, Addl. CIT. : 22-06-2017 सुनवाई क" तार"ख/Date of Hearing घोषणा

M/S. ARCHANA MALE CHILD TRUST,CHENNAI vs. ACIT, BANGALORE

The appeals of the assessees stand allowed

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2177 & 2185/Mds/2016 "नधा"रण वष" / Assessment Years : 2014-15 & 2013-14

164(1) of the Act, he has to take necessary step to scrutinize the matter after giving opportunity to the assessee by issuing a notice. In the guise of 5 I.T.A. Nos.2177 to 2190/Mds/16 making prima facie adjustment, the status of the assessee and rate of tax cannot be changed at all. 3. Placing reliance on the judgment of Bombay

M/S. ANISHKUMAR WIFE TRUST,CHENNAI vs. ACIT, BANGALORE

The appeals of the assessees stand allowed

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2177 & 2185/Mds/2016 "नधा"रण वष" / Assessment Years : 2014-15 & 2013-14

164(1) of the Act, he has to take necessary step to scrutinize the matter after giving opportunity to the assessee by issuing a notice. In the guise of 5 I.T.A. Nos.2177 to 2190/Mds/16 making prima facie adjustment, the status of the assessee and rate of tax cannot be changed at all. 3. Placing reliance on the judgment of Bombay

M/S. ANISH KUMAR FEMALE CHILD TRUST,CHENNAI vs. ACIT, BANGALORE

The appeals of the assessees stand allowed

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2177 & 2185/Mds/2016 "नधा"रण वष" / Assessment Years : 2014-15 & 2013-14

164(1) of the Act, he has to take necessary step to scrutinize the matter after giving opportunity to the assessee by issuing a notice. In the guise of 5 I.T.A. Nos.2177 to 2190/Mds/16 making prima facie adjustment, the status of the assessee and rate of tax cannot be changed at all. 3. Placing reliance on the judgment of Bombay

M/S. ARCHANA FEMALE CHILD TRUST,CHENNAI vs. ACIT, BANGALORE

The appeals of the assessees stand allowed

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2177 & 2185/Mds/2016 "नधा"रण वष" / Assessment Years : 2014-15 & 2013-14

164(1) of the Act, he has to take necessary step to scrutinize the matter after giving opportunity to the assessee by issuing a notice. In the guise of 5 I.T.A. Nos.2177 to 2190/Mds/16 making prima facie adjustment, the status of the assessee and rate of tax cannot be changed at all. 3. Placing reliance on the judgment of Bombay

M/S. ANISHKUMAR MARRIAGE TRUST,CHENNAI vs. ACIT, BANGALORE

The appeals of the assessees stand allowed

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2177 & 2185/Mds/2016 "नधा"रण वष" / Assessment Years : 2014-15 & 2013-14

164(1) of the Act, he has to take necessary step to scrutinize the matter after giving opportunity to the assessee by issuing a notice. In the guise of 5 I.T.A. Nos.2177 to 2190/Mds/16 making prima facie adjustment, the status of the assessee and rate of tax cannot be changed at all. 3. Placing reliance on the judgment of Bombay

M/S. ANISH KUMAR WIFE TRUST,CHENNAI vs. ITO, CHENNAI

The appeals of the assessees stand allowed

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2177 & 2185/Mds/2016 "नधा"रण वष" / Assessment Years : 2014-15 & 2013-14

164(1) of the Act, he has to take necessary step to scrutinize the matter after giving opportunity to the assessee by issuing a notice. In the guise of 5 I.T.A. Nos.2177 to 2190/Mds/16 making prima facie adjustment, the status of the assessee and rate of tax cannot be changed at all. 3. Placing reliance on the judgment of Bombay

M/S. ANISHKUMAR MALE CHILD TRUST,CHENNAI vs. ACIT, BANGALORE

The appeals of the assessees stand allowed

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2177 & 2185/Mds/2016 "नधा"रण वष" / Assessment Years : 2014-15 & 2013-14

164(1) of the Act, he has to take necessary step to scrutinize the matter after giving opportunity to the assessee by issuing a notice. In the guise of 5 I.T.A. Nos.2177 to 2190/Mds/16 making prima facie adjustment, the status of the assessee and rate of tax cannot be changed at all. 3. Placing reliance on the judgment of Bombay

M/S. ARCHANA MALE CHILD TRUST,CHENNAI vs. ACIT, BANGALORE

The appeals of the assessees stand allowed

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2177 & 2185/Mds/2016 "नधा"रण वष" / Assessment Years : 2014-15 & 2013-14

164(1) of the Act, he has to take necessary step to scrutinize the matter after giving opportunity to the assessee by issuing a notice. In the guise of 5 I.T.A. Nos.2177 to 2190/Mds/16 making prima facie adjustment, the status of the assessee and rate of tax cannot be changed at all. 3. Placing reliance on the judgment of Bombay