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

section 50C(2) and 54F of the Act, rejected arguments of the assessee and sustained additions made towards computation of capital gains by allowing proportionate deduction u/s. 54F of :-6-: ITA. No: 653/Chny/2023 the Act by considering full value of consideration received from transfer of property and amount invested for purchase of new residential house property. Aggrieved

SHRI SHANTHILAL MOVJI BHAI,CHENNAI vs. ITO, CORPORATE WARD - 6 (4),, CHENNAI

The appeal stand partly allowed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita Nos.2267 To 2270/Chny/2019 (िनधा"रण वष" / Assessment Years: 2011-12, 2014-15 To 2016-17) Shri Shanthilal Movji Bhai Thakker The Income Tax Officer, बनाम/ 88/A, Dr.Allagappa Road, Corporate Ward-6(4), Vs. Purasawalkam, Chennai-600 084. Chennai. थायीलेखासं./जीआइआरसं./Pan/Gir No. Aacpt-9083-C (अपीलाथ-/Appellant) : (01थ- / Respondent) अपीलाथ-कीओरसे/ Appellant By : Shri D.Anand- Advocate 01थ-कीओरसे/Respondent By : Shri G.Johnson – Ld. Addl. Cit सुनवाईकीतारीख/ : 12/10/2021 Date Of Hearing घोषणाकीतारीख / : 03/11/2021 Date Of Pronouncement

Section 269UA, the assessee would be deemed owner of the property. Accordingly, the lease income earned therefrom was to be assessed as ‘Income from House Property’ which would be eligible for statutory deduction of 30%. Finally, the aforesaid income was assessed as ‘Income from House Property’ and Ld. AO also made interest disallowance

SHRI SHANTHILAL MOVJI BHAI,CHENNAI vs. ITO, CORPORATE WARD - 6 (4),, CHENNAI

The appeal stand partly allowed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita Nos.2267 To 2270/Chny/2019 (िनधा"रण वष" / Assessment Years: 2011-12, 2014-15 To 2016-17) Shri Shanthilal Movji Bhai Thakker The Income Tax Officer, बनाम/ 88/A, Dr.Allagappa Road, Corporate Ward-6(4), Vs. Purasawalkam, Chennai-600 084. Chennai. थायीलेखासं./जीआइआरसं./Pan/Gir No. Aacpt-9083-C (अपीलाथ-/Appellant) : (01थ- / Respondent) अपीलाथ-कीओरसे/ Appellant By : Shri D.Anand- Advocate 01थ-कीओरसे/Respondent By : Shri G.Johnson – Ld. Addl. Cit सुनवाईकीतारीख/ : 12/10/2021 Date Of Hearing घोषणाकीतारीख / : 03/11/2021 Date Of Pronouncement

Section 269UA, the assessee would be deemed owner of the property. Accordingly, the lease income earned therefrom was to be assessed as ‘Income from House Property’ which would be eligible for statutory deduction of 30%. Finally, the aforesaid income was assessed as ‘Income from House Property’ and Ld. AO also made interest disallowance

SHRI SHANTHILAL MOVJI BHAI,CHENNAI vs. ITO, CORPORATE WARD - 6 (4),, CHENNAI

The appeal stand partly allowed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita Nos.2267 To 2270/Chny/2019 (िनधा"रण वष" / Assessment Years: 2011-12, 2014-15 To 2016-17) Shri Shanthilal Movji Bhai Thakker The Income Tax Officer, बनाम/ 88/A, Dr.Allagappa Road, Corporate Ward-6(4), Vs. Purasawalkam, Chennai-600 084. Chennai. थायीलेखासं./जीआइआरसं./Pan/Gir No. Aacpt-9083-C (अपीलाथ-/Appellant) : (01थ- / Respondent) अपीलाथ-कीओरसे/ Appellant By : Shri D.Anand- Advocate 01थ-कीओरसे/Respondent By : Shri G.Johnson – Ld. Addl. Cit सुनवाईकीतारीख/ : 12/10/2021 Date Of Hearing घोषणाकीतारीख / : 03/11/2021 Date Of Pronouncement

Section 269UA, the assessee would be deemed owner of the property. Accordingly, the lease income earned therefrom was to be assessed as ‘Income from House Property’ which would be eligible for statutory deduction of 30%. Finally, the aforesaid income was assessed as ‘Income from House Property’ and Ld. AO also made interest disallowance

SHRI SHANTHILAL MOVJI BHAI,CHENNAI vs. ITO, CORPORATE WARD - 6 (4),, CHENNAI

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

Bench: Shri V. Durga Raoआयकर अपील सं./Ita Nos.1344, 1345 & 1346/Chny/2019 िनधा"रण वष" /Assessment Years: 2009-10, 2010-11 & 2011-12

193), there may be instances where a particular income^ may appear to fall in more than one head. On the facts of a particular ) case, income has to be either treated as income from the house property or as the business income. Tests which are to be applied for determining the real nature of income are laid down in judicial

SHRI SHANTHILAL MOVJI BHAI,CHENNAI vs. ITO, CORPORATE WARD - 6 (4),, CHENNAI

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

Bench: Shri V. Durga Raoआयकर अपील सं./Ita Nos.1344, 1345 & 1346/Chny/2019 िनधा"रण वष" /Assessment Years: 2009-10, 2010-11 & 2011-12

193), there may be instances where a particular income^ may appear to fall in more than one head. On the facts of a particular ) case, income has to be either treated as income from the house property or as the business income. Tests which are to be applied for determining the real nature of income are laid down in judicial

SHRI SHANTHILAL MOVJI BHAI,CHENNAI vs. ITO, CORPORATE WARD - 6 (4),, CHENNAI

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

Bench: Shri V. Durga Raoआयकर अपील सं./Ita Nos.1344, 1345 & 1346/Chny/2019 िनधा"रण वष" /Assessment Years: 2009-10, 2010-11 & 2011-12

193), there may be instances where a particular income^ may appear to fall in more than one head. On the facts of a particular ) case, income has to be either treated as income from the house property or as the business income. Tests which are to be applied for determining the real nature of income are laid down in judicial

DCIT CORPORATE CIRCLE 5(1), CHENNAI vs. REPCO HOME FINANCE P LTD., CHENNAI

In the result, the appeal of Revenue in ITA no

Bench: Shri George Mathan & Shri Ramit Kochar

193 36,97,789 50,04,28,982 against mortgage of housing properties D Commercial 25,23,18,670 9,64,431 25,32,83,101 Loan E Plot Loan 19,35,14,433 19,09,930 19,54,24,363 F Repairs Loan 2,54,18,073 78,800 2,54,96,876 Total

MEENA THIAGARAJAN,CHENNAI vs. ACIT, CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

house at Anna Nagar in the name of his wife Smt. Meera after selling the property at Bangalore. But the same was assessed in the hands of the assessee. Hence, as correctly held by the CIT(A) as well as by the Tribunal that the assessee is entitled for exemption under Section 54 of the Act. 3.6 The assessee sold

VARADAPPAN NATARAJAN,RASIPURAM vs. ACIT, CENTRAL CIRCLE,, SALEM

In the result, both the appeals of assessee in ITA No

Bench: Shri Manu Kumar Giri & Shri Jagadishआयकर अपील सं./Ita Nos.1535 & 1801/Chny/2024 ननिाारण वर्ा/Assessment Years: 2016-17 & 2015-16 V. Varadappan Natarajan/ The Acit, V. Natarajan (Individual), Central Circle, No.64-C, Rotary Nagar, Salem. Rasipuram Tamil Nadu-637 408. [Pan: Acgpn1477Q] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.T.S. Lakshmi Venkataraman, Fca (Virtual) प्रत्यर्थी की ओर से /Respondent By : Mr.Shiva Srinivas, Cit सुनवाईकीतारीख/Date Of Hearing : 09.10.2025 घोर्णाकीतारीख /Date Of Pronouncement : 31.10.2025

house property. The AO held that same expenditure again can't be allowed as deduction against professional receipts. ITA Nos.1535 & 1801/Chny/2024 (AYs 2016-17 & 2015-16) Varadappan Natarajan/ V. Natarajan (Individual) :: 10 :: 7.3.4 During appeal proceedings, appellant claimed that the AO has allowed interest payment for Assessment years 2011-12, 2012-13 and 2013-14, Rs.7,91,581/-, Rs.5

SHRI V. NATARAJAN (INDIVIDUAL),RASIPURAM vs. ACIT, CENTRAL CIRCLE,, SALEM

In the result, both the appeals of assessee in ITA No

Bench: Shri Manu Kumar Giri & Shri Jagadishआयकर अपील सं./Ita Nos.1535 & 1801/Chny/2024 ननिाारण वर्ा/Assessment Years: 2016-17 & 2015-16 V. Varadappan Natarajan/ The Acit, V. Natarajan (Individual), Central Circle, No.64-C, Rotary Nagar, Salem. Rasipuram Tamil Nadu-637 408. [Pan: Acgpn1477Q] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.T.S. Lakshmi Venkataraman, Fca (Virtual) प्रत्यर्थी की ओर से /Respondent By : Mr.Shiva Srinivas, Cit सुनवाईकीतारीख/Date Of Hearing : 09.10.2025 घोर्णाकीतारीख /Date Of Pronouncement : 31.10.2025

house property. The AO held that same expenditure again can't be allowed as deduction against professional receipts. ITA Nos.1535 & 1801/Chny/2024 (AYs 2016-17 & 2015-16) Varadappan Natarajan/ V. Natarajan (Individual) :: 10 :: 7.3.4 During appeal proceedings, appellant claimed that the AO has allowed interest payment for Assessment years 2011-12, 2012-13 and 2013-14, Rs.7,91,581/-, Rs.5

K.THANIKACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA No

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकरअपीलसं./Ita Nos.2628 & 2629/Mds/2014 िनधा"रणवष" / Assessment Years : 2008-09&2010-11 Shri K. Thanikachalam, The Asstt. Commissioner Of C/O. S. Sridhar, V. Income Tax, Advocate, Business Circle - Ii, New No.14, Old No.82, Flat No.5, Chennai. 1St Avenue, Indira Nagar, Adyar, Chennai – 600 020. [Pan: Aaept 1404 B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri S. Sridhar, Advocate ""यथ"क"ओरसे/Respondent By : Shri Shiva Srinivas, Jcit सुनवाईक"तारीख/Date Of Hearing : 12.01.2017 घोषणाक"तारीख/Date Of Pronouncement : 22.02.2017 आदेश आदेश /O R D E R आदेश आदेश Per D.S. Sunder Singh:

Section 147 of the Act and hold that the assessment is validly reopened. The assessee’s appeal on this issue is dismissed. 4. Ground Nos. 5 to 8 are related to the assessment of business income as ‘income from property’. The assessee has let out the property and receiving the rents and such rents received were admitted as business income

K.THANIKACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA No

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकरअपीलसं./Ita Nos.2628 & 2629/Mds/2014 िनधा"रणवष" / Assessment Years : 2008-09&2010-11 Shri K. Thanikachalam, The Asstt. Commissioner Of C/O. S. Sridhar, V. Income Tax, Advocate, Business Circle - Ii, New No.14, Old No.82, Flat No.5, Chennai. 1St Avenue, Indira Nagar, Adyar, Chennai – 600 020. [Pan: Aaept 1404 B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri S. Sridhar, Advocate ""यथ"क"ओरसे/Respondent By : Shri Shiva Srinivas, Jcit सुनवाईक"तारीख/Date Of Hearing : 12.01.2017 घोषणाक"तारीख/Date Of Pronouncement : 22.02.2017 आदेश आदेश /O R D E R आदेश आदेश Per D.S. Sunder Singh:

Section 147 of the Act and hold that the assessment is validly reopened. The assessee’s appeal on this issue is dismissed. 4. Ground Nos. 5 to 8 are related to the assessment of business income as ‘income from property’. The assessee has let out the property and receiving the rents and such rents received were admitted as business income

ACIT NON CORPORATE CIRCLE 10(1), CHENNAI vs. S.VINODH KUMAR, CHENNAI

In the result, the appeal of the Revenue is dismissed

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. No.2527/Chny/2017 & C.O.No.9/Chny/2018 (Ita No.2527/Chny/2017) "नधा"रण वष" /Assessment Year : 2011-2012. The Assistant Commissioner Of Vs. Shri. S. Vinodh Kumar, Income Tax, No.25, Ranganathan Avenue, Non Corporate Circle 10 (1) Kilpauk, Chennai. Chennai 600 010. [Pan Aaipv 5798G] (अपीलाथ"/Appellant) (Respondent/Cross Objector)

Property Tax 71,954 Security Services Charges 12,060 Share Trading Exp. 523 Travelling Exp 2,15,901 Water Charges 600 Water Tax 7,276 The following items were considered separately :- Rent Received 53,44,193 PPF Interest 1,99,853 Salary received 3,96,00,000 Profit on sale of shares – LTCG 69,900 Profit on sale of shares

SHRI PREMKUMAR MENON,CHENNAI vs. ACIT NON CORPORATE CIRCLE 17(1), CHENNAI

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

house property or under the head income from other sources. 2. In case, such maintenance charges collected by the assessee are assessed as income from other sources whether the expenses claimed by the assessee are allowable u/s 57’’. The ld. PCIT on the first issue directed the Assessing Officer has under by holding the assessment order as erroneous and prejudicial

ACIT, LTU-2,, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

In the result, appeal filed by the assessee is partly allowed and the appeal of the Revenue is dismissed

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

housing and therefore it should be regarded as building used for business purposes. The AO following the orders passed by his predecessors held that, the depreciation rate allowable on residential buildings as per the Income-tax Rules was 5% and not 10% and that this Tribunal in assessee’s own case for AY 2006-07 had also held that

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

house property, the assessee is allowed deduction under section 24 of the Act on account of interest paid on the borrowed funds utilised for acquiring the immovable property. Similarly, when the income is to be computed under the head "Profits and gains from business or profession", the deduction account of interest on borrowed fund is provided under section

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

house property, the assessee is allowed deduction under section 24 of the Act on account of interest paid on the borrowed funds utilised for acquiring the immovable property. Similarly, when the income is to be computed under the head "Profits and gains from business or profession", the deduction account of interest on borrowed fund is provided under section