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23 results for “house property”+ Section 234Aclear

Sorted by relevance

Mumbai211Delhi192Bangalore101Jaipur73Ahmedabad33Chennai23Agra18Hyderabad16Indore13Lucknow9Visakhapatnam6Kolkata5Nagpur5Pune5Guwahati5Jodhpur4Surat3Ranchi3Patna3Rajkot1SC1

Key Topics

Addition to Income21Section 153A20Section 14218Section 13214Natural Justice13Section 6810Undisclosed Income10Section 142(1)9Section 54F9

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

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

ITA 2577/CHNY/2025[2018-19]Status: DisposedITAT Chennai09 Mar 2026AY 2018-19
Section 132Section 142Section 142(1)Section 143(2)Section 153A

House Property\n1. Commercial property at Ponniamman Koil Street, Madipakkam Rs. 48,000 Less 30% standard Deduction Rs. 14,400 Rs.23,600\n2. Residential Property at Selaiyur Rs. 1,20,000 Less 30% standard Deduction Rs. 36,000 Rs.84,000\n3. Navin Building, Madipakkam Rs. 1,20,000 Less 30% standard Deduction Rs. 36,000 Rs.84,000\n4. Sadasivam Nagar

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

ITA 2570/CHNY/2025[2011-12]Status: Disposed

Showing 1–20 of 23 · Page 1 of 2

Disallowance8
Section 143(2)7
Search & Seizure7
ITAT Chennai
09 Mar 2026
AY 2011-12
Section 132Section 142Section 142(1)Section 143(2)Section 153A

House Property\n1. Commercial property at Ponniamman\nKoil Street, Madipakkam\nRs. 48,000\nLess 30% standard Deduction\nRs. 14,400\nRs.23,600\n2. Residential Property at Selaiyur\nRs. 1,20,000\nLess 30% standard Deduction\n3. Navin Building, Madipakkam\nLess 30% standard Deduction\nRs. 36,000\nRs. 1,20,000\nRs. 36,000\nRs.84,000\nRs.84,000\n4. Sadasivam Nagar

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

In the result, appeal filed by the assessee is allowed

ITA 422/CHNY/2023[2012-13]Status: DisposedITAT Chennai31 Aug 2023AY 2012-13

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

For Appellant: Shri. B. Ramakrishna, FCA
Section 147Section 234Section 234ASection 54F

234A of the Act, in consequent to the above upheld denial of exemption claimed. 6. For that the Learned Commissioner of Income Tax (Appeals) erred in confirming the interest levied u/s 2348 of the Act, in consequent to the above upheld denial of exemption claimed. 7. For these grounds and such other grounds that may be adduced before or during

GOMATHI,CHENNAI vs. DCIT, NON CORP. WARD 9(1), CHENNAI

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

ITA 1504/CHNY/2025[2018-19]Status: DisposedITAT Chennai04 Sept 2025AY 2018-19

Bench: Shri Aby T Varkey & Shri S. R. Raghunathaआयकर अपील सं./Ita No.: 1504/Chny/2025 धनिाारण वर्ा / Assessment Year:2018-19 Gomathi, Dcit, No. 13/51, Kongu Salai, Vs. Non-Corporate Ward – 9(1). Egmore, Chennai. Chennai –600 008. [Pan:Asmpg-0601-K] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथीकीओरसे/Appellant By : Mr. Pradeep, Ca. प्रत्यथीकीओरसे/Respondent By : Mr. R. Raghupathy, Addl. Cit.

For Appellant: Mr. Pradeep, CAFor Respondent: Mr. R. Raghupathy, Addl. CIT
Section 143(3)Section 23(1)(a)Section 24

properties, tenant details and rental agreements are not mandatory, as per the provisions of Section 23(1)(a) of the Income Tax Act. 5) The disallowance of interest on the ground of non-submissions of rent receipts is contrary to law; as deemed rental income is taxable irrespective of actual tenancy. 6) The CIT(A) erred in confirming the levy

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

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

ITA 1801/CHNY/2024[2015-16]Status: DisposedITAT Chennai31 Oct 2025AY 2015-16

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

For Appellant: Mr.T.S. LakshmiFor Respondent: Mr.Shiva Srinivas, CIT
Section 115BSection 143(3)Section 153ASection 250Section 250(6)Section 37Section 68

section shall apply where- (a) the assessee (i) owns 70 more than one residential house, other than the new asset, on the date of transfer of the original asset; or (ii) purchases any residential house, other than the new asset, within a period of one year after the date of transfer of the original asset; or (iii) 71constructs any residential

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

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

ITA 1535/CHNY/2024[2016-17]Status: DisposedITAT Chennai31 Oct 2025AY 2016-17

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

For Appellant: Mr.T.S. LakshmiFor Respondent: Mr.Shiva Srinivas, CIT
Section 115BSection 143(3)Section 153ASection 250Section 250(6)Section 37Section 68

section shall apply where- (a) the assessee (i) owns 70 more than one residential house, other than the new asset, on the date of transfer of the original asset; or (ii) purchases any residential house, other than the new asset, within a period of one year after the date of transfer of the original asset; or (iii) 71constructs any residential

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

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

ITA 2574/CHNY/2025[2014-15]Status: DisposedITAT Chennai09 Mar 2026AY 2014-15

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

For Appellant: Shri. G. Tarun, AdvocateFor Respondent: Ms. R. Anitha, Addl. CIT
Section 132Section 142Section 142(1)Section 143(2)Section 153A

234A & 234B has to be re-considered as per the Act. From the above it is clear that there has been mistake apparent on record which need to be rectified in accordance to the provisions of Section 154 of the Act. I further request your Ld. Authority to provide an opportunity to be heard before passing an order u/s.154

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

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

ITA 2573/CHNY/2025[2013-14]Status: DisposedITAT Chennai09 Mar 2026AY 2013-14

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

For Appellant: Shri. G. Tarun, AdvocateFor Respondent: Ms. R. Anitha, Addl. CIT
Section 132Section 142Section 142(1)Section 143(2)Section 153A

234A & 234B has to be re-considered as per the Act. From the above it is clear that there has been mistake apparent on record which need to be rectified in accordance to the provisions of Section 154 of the Act. I further request your Ld. Authority to provide an opportunity to be heard before passing an order u/s.154

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

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

ITA 2575/CHNY/2025[2015-16]Status: DisposedITAT Chennai09 Mar 2026AY 2015-16

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

For Appellant: Shri. G. Tarun, AdvocateFor Respondent: Ms. R. Anitha, Addl. CIT
Section 132Section 142Section 142(1)Section 143(2)Section 153A

234A & 234B has to be re-considered as per the Act. From the above it is clear that there has been mistake apparent on record which need to be rectified in accordance to the provisions of Section 154 of the Act. I further request your Ld. Authority to provide an opportunity to be heard before passing an order u/s.154

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

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

ITA 2576/CHNY/2025[2016-17]Status: DisposedITAT Chennai09 Mar 2026AY 2016-17

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

For Appellant: Shri. G. Tarun, AdvocateFor Respondent: Ms. R. Anitha, Addl. CIT
Section 132Section 142Section 142(1)Section 143(2)Section 153A

234A & 234B has to be re-considered as per the Act. From the above it is clear that there has been mistake apparent on record which need to be rectified in accordance to the provisions of Section 154 of the Act. I further request your Ld. Authority to provide an opportunity to be heard before passing an order u/s.154

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

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

ITA 2571/CHNY/2025[2012-13]Status: DisposedITAT Chennai09 Mar 2026AY 2012-13

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

For Appellant: Shri. G. Tarun, AdvocateFor Respondent: Ms. R. Anitha, Addl. CIT
Section 132Section 142Section 142(1)Section 143(2)Section 153A

234A & 234B has to be re-considered as per the Act. From the above it is clear that there has been mistake apparent on record which need to be rectified in accordance to the provisions of Section 154 of the Act. I further request your Ld. Authority to provide an opportunity to be heard before passing an order u/s.154

GOPALSAMY,CHENNAI vs. CIT(A)-18, CHENNAI, CHENNAI

The appeals stands allowed in terms of our above order

ITA 1384/CHNY/2023[2015-16]Status: DisposedITAT Chennai31 Jul 2024AY 2015-16

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.1384/Chny/2023 (िनधा"रणवष" / Assessment Year: 2015-16) & 2. आयकरअपील सं./ Ita No.1385/Chny/2023 (िनधा"रणवष" / Assessment Year: 2017-18) & 3. आयकरअपील सं./ Ita No.1386/Chny/2023 (िनधा"रणवष" / Assessment Year: 2019-20) Shri Gopalsamy Vs. Acit No.3B, 3Rd Floor New No.27 Dc/Ac Central Cir 1(2) East Street, Krishna Apartments, Chennai Raghava Reddy Colony, Ashok Nagar, Chennai 600 083. [Pan: Bjtpg 4193H] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri R. Subramanian, C.A., ""यथ" क" ओर से /Respondent By : Shri Nilay Baran Som, Irs, Cit. सुनवाई क" तार"ख/Date Of Hearing : 21.05.2024 घोषणा क" तार"ख /Date Of Pronouncement : 31.07.2024 आदेश / O R D E R Per Manu Kumar Giri ()

For Appellant: Shri R. Subramanian, C.AFor Respondent: Shri Nilay Baran Som, IRS, CIT
Section 153CSection 253

sections 234A, 234B and 234C. 3. The Ld. AR advanced arguments on legal grounds as well as on merits with the help of documents as well as by relying upon various judicial decisions, the copies of which have been placed on record. It has been submitted that the additions have been made merely on the basis of statement and loose

KARUNAMOORTHI KAVITHA,DHARMAPURI vs. DCIT, CENTRAL CIRCLE,, SALEM

In the result, appeal filed by the assessee is allowed

ITA 1732/CHNY/2024[2018-19]Status: DisposedITAT Chennai05 Dec 2024AY 2018-19

Bench: Shri George George K, Hon’Ble & Shri S.R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 1732/Chny/2024 िनधा"रण वष" / Assessment Year: 2018-19 Karunamoorthi Kavitha, Assistant Commissioner Of No.10A, Vijaya Hospital, V. Income Tax, Pennagaram Main Road, Opp Central Circle, Madheswara Theatre, Salem – 636 007. Dharmapuri – 636 701. [Pan: Amfpk-6223-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. N. Arjun Raj, Advocate : Shri. Shiva Srinivas, Addl. Cit ""यथ" क" ओर से/Respondent By सुनवाई क" तारीख/Date Of Hearing : 19.11.2024 घोषणा क" तारीख/Date Of Pronouncement : 05.12.2024

For Appellant: Shri. N. Arjun Raj, Advocate
Section 133ASection 143(3)Section 234ASection 68

property was made by the appellant is one of the sources from the gift received from her mother and brother. 6. For that Commissioner of Income tax (Appeals) failed to appreciate Sec.68 are not invocable in the case of the appellant in the facts and circumstances of the case. 7. For that Commissioner of Income tax (Appeals) failed to appreciate

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

ITA 113/CHNY/2020[2009-10]Status: DisposedITAT Chennai18 Mar 2022AY 2009-10

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr. Durgesh Sumrott, CIT &

properties acquired prior to 01.04.2008 cannot be considered for the purpose of reckoning undisclosed income. 9. For that without prejudice to the above, the Commissioner of Income Tax (Appeals) ought to have considered an increase in the capital balance commensurate to the value of fixed assets introduced in the Balance Sheet considering the double entry accounting system followed

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

ITA 114/CHNY/2020[2010-11]Status: DisposedITAT Chennai18 Mar 2022AY 2010-11

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr. Durgesh Sumrott, CIT &

properties acquired prior to 01.04.2008 cannot be considered for the purpose of reckoning undisclosed income. 9. For that without prejudice to the above, the Commissioner of Income Tax (Appeals) ought to have considered an increase in the capital balance commensurate to the value of fixed assets introduced in the Balance Sheet considering the double entry accounting system followed

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

ITA 115/CHNY/2020[2011-12]Status: DisposedITAT Chennai18 Mar 2022AY 2011-12

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr. Durgesh Sumrott, CIT &

properties acquired prior to 01.04.2008 cannot be considered for the purpose of reckoning undisclosed income. 9. For that without prejudice to the above, the Commissioner of Income Tax (Appeals) ought to have considered an increase in the capital balance commensurate to the value of fixed assets introduced in the Balance Sheet considering the double entry accounting system followed

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

ITA 116/CHNY/2020[2012-13]Status: DisposedITAT Chennai18 Mar 2022AY 2012-13

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr. Durgesh Sumrott, CIT &

properties acquired prior to 01.04.2008 cannot be considered for the purpose of reckoning undisclosed income. 9. For that without prejudice to the above, the Commissioner of Income Tax (Appeals) ought to have considered an increase in the capital balance commensurate to the value of fixed assets introduced in the Balance Sheet considering the double entry accounting system followed

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

ITA 117/CHNY/2020[2013-14]Status: DisposedITAT Chennai18 Mar 2022AY 2013-14

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr. Durgesh Sumrott, CIT &

properties acquired prior to 01.04.2008 cannot be considered for the purpose of reckoning undisclosed income. 9. For that without prejudice to the above, the Commissioner of Income Tax (Appeals) ought to have considered an increase in the capital balance commensurate to the value of fixed assets introduced in the Balance Sheet considering the double entry accounting system followed

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

ITA 118/CHNY/2020[2014-15]Status: DisposedITAT Chennai18 Mar 2022AY 2014-15

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr. Durgesh Sumrott, CIT &

properties acquired prior to 01.04.2008 cannot be considered for the purpose of reckoning undisclosed income. 9. For that without prejudice to the above, the Commissioner of Income Tax (Appeals) ought to have considered an increase in the capital balance commensurate to the value of fixed assets introduced in the Balance Sheet considering the double entry accounting system followed

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

ITA 119/CHNY/2020[2015-16]Status: DisposedITAT Chennai18 Mar 2022AY 2015-16

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Mr. Durgesh Sumrott, CIT &

properties acquired prior to 01.04.2008 cannot be considered for the purpose of reckoning undisclosed income. 9. For that without prejudice to the above, the Commissioner of Income Tax (Appeals) ought to have considered an increase in the capital balance commensurate to the value of fixed assets introduced in the Balance Sheet considering the double entry accounting system followed