JUSTICE N.KANNADASAN,CHENNAI vs. ITO NON CORPORATE WARD 15(3), CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

2 years the assessee has not satisfied the primary condition laid down under section 54F. 2.5)The Ld CIT(A) failed to note that, the date of transfer of the property was on 25/06/2011, On the said date, the assessee is owner of flat at Bangalore acquired in March 2011 and another property which was agreed to be sold through

PARRY INFRASTRUCTURE CO P LTD. ,CHENNAI vs. DCIT CORPORATE CIRCLE 5(1) , CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

House, N.S.C. Bose Corporate Circle-5(1), Road, Parrys Corner, Chennai. Chennai – 600 001. PAN: AADCP 7827J (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant by : Shri Philip George, Advocate ""यथ" क" ओर से/Respondent by : Shri Nilay Baran Som, CIT-DR सुनवाई क" तारीख/Date of Hearing : 29.05.2024 घोषणा क" तारीख/Date of Pronouncement : 03.07.2024 आदेश

DCIT, CORPORATE CIRCLE - 1 (1),, CHENNAI vs. M/S. ACCEL LTD.,, CHENNAI

In the result, all the appeals filed by the Revenue and the CO filed by the assessee are dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.1910, 2167, 2168 & 2169/Chny/2019 िनधा"रण वष"/Assessment Years: 2007-08, 2012-13, 2013-14 & 2014-15 & C.O. No. 4/Chny/2020 [In Ita No. 2167/Chny/2019 The Deputy Commissioner Of Vs. M/S. Accel Limited, Income Tax, Corporate Circle 1(1), No. 75, Nelson Manickam Road, Chennai 600 034. Aminjikarai, Chennai 600 029. [Pan: Aaaca3042P] (अपीलाथ"/Appellant) (""थ"/Respondent/Cross Objector) Department By : Shri G. Suresh, Jcit Assessee By : None सुनवाई की तारीख/ Date Of Hearing : 04.07.2024 घोषणा की तारीख /Date Of Pronouncement : 07.08.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: These Four Appeals Filed By The Department Are Directed Against Two Different Orders Both Dated 29.03.2019 Passed By The Ld. Commissioner Of Income Tax (Appeals) 1, Chennai For The Assessment Years 2007-08, 2012-13, 2013-14 & 2014-15. 2. None Appeared On Behalf Of The Assessee Nor Filed Any Application Seeking Adjournment. Thus, The Assessee Called Absent & Treated Exparte.

house property is accepted as business income, the interest paid on borrowed loans should be allowed as deduction. Thus, the ground No. 2 raised by the Revenue is dismissed. 10. Ground Nos. 3 & 4 raised by the Revenue in challenging the action of the ld. CIT(A) in treating long term capital loss on transfer of shares to subsidiary company

DCIT, CHENNAI vs. ACCEL LIMITED, CHENNAI

In the result, all the appeals filed by the Revenue and the CO filed by the assessee are dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.1910, 2167, 2168 & 2169/Chny/2019 िनधा"रण वष"/Assessment Years: 2007-08, 2012-13, 2013-14 & 2014-15 & C.O. No. 4/Chny/2020 [In Ita No. 2167/Chny/2019 The Deputy Commissioner Of Vs. M/S. Accel Limited, Income Tax, Corporate Circle 1(1), No. 75, Nelson Manickam Road, Chennai 600 034. Aminjikarai, Chennai 600 029. [Pan: Aaaca3042P] (अपीलाथ"/Appellant) (""थ"/Respondent/Cross Objector) Department By : Shri G. Suresh, Jcit Assessee By : None सुनवाई की तारीख/ Date Of Hearing : 04.07.2024 घोषणा की तारीख /Date Of Pronouncement : 07.08.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: These Four Appeals Filed By The Department Are Directed Against Two Different Orders Both Dated 29.03.2019 Passed By The Ld. Commissioner Of Income Tax (Appeals) 1, Chennai For The Assessment Years 2007-08, 2012-13, 2013-14 & 2014-15. 2. None Appeared On Behalf Of The Assessee Nor Filed Any Application Seeking Adjournment. Thus, The Assessee Called Absent & Treated Exparte.

house property is accepted as business income, the interest paid on borrowed loans should be allowed as deduction. Thus, the ground No. 2 raised by the Revenue is dismissed. 10. Ground Nos. 3 & 4 raised by the Revenue in challenging the action of the ld. CIT(A) in treating long term capital loss on transfer of shares to subsidiary company

DCIT, CORPORATE CIRCLE - 1 (1),, CHENNAI vs. M/S. ACCEL LTD.,, CHENNAI

In the result, all the appeals filed by the Revenue and the CO filed by the assessee are dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.1910, 2167, 2168 & 2169/Chny/2019 िनधा"रण वष"/Assessment Years: 2007-08, 2012-13, 2013-14 & 2014-15 & C.O. No. 4/Chny/2020 [In Ita No. 2167/Chny/2019 The Deputy Commissioner Of Vs. M/S. Accel Limited, Income Tax, Corporate Circle 1(1), No. 75, Nelson Manickam Road, Chennai 600 034. Aminjikarai, Chennai 600 029. [Pan: Aaaca3042P] (अपीलाथ"/Appellant) (""थ"/Respondent/Cross Objector) Department By : Shri G. Suresh, Jcit Assessee By : None सुनवाई की तारीख/ Date Of Hearing : 04.07.2024 घोषणा की तारीख /Date Of Pronouncement : 07.08.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: These Four Appeals Filed By The Department Are Directed Against Two Different Orders Both Dated 29.03.2019 Passed By The Ld. Commissioner Of Income Tax (Appeals) 1, Chennai For The Assessment Years 2007-08, 2012-13, 2013-14 & 2014-15. 2. None Appeared On Behalf Of The Assessee Nor Filed Any Application Seeking Adjournment. Thus, The Assessee Called Absent & Treated Exparte.

house property is accepted as business income, the interest paid on borrowed loans should be allowed as deduction. Thus, the ground No. 2 raised by the Revenue is dismissed. 10. Ground Nos. 3 & 4 raised by the Revenue in challenging the action of the ld. CIT(A) in treating long term capital loss on transfer of shares to subsidiary company

DCIT, CORPORATE CIRCLE - 1 (1),, CHENNAI vs. M/S. ACCEL LTD.,, CHENNAI

In the result, all the appeals filed by the Revenue and the CO filed by the assessee are dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. Nos.1910, 2167, 2168 & 2169/Chny/2019 िनधा"रण वष"/Assessment Years: 2007-08, 2012-13, 2013-14 & 2014-15 & C.O. No. 4/Chny/2020 [In Ita No. 2167/Chny/2019 The Deputy Commissioner Of Vs. M/S. Accel Limited, Income Tax, Corporate Circle 1(1), No. 75, Nelson Manickam Road, Chennai 600 034. Aminjikarai, Chennai 600 029. [Pan: Aaaca3042P] (अपीलाथ"/Appellant) (""थ"/Respondent/Cross Objector) Department By : Shri G. Suresh, Jcit Assessee By : None सुनवाई की तारीख/ Date Of Hearing : 04.07.2024 घोषणा की तारीख /Date Of Pronouncement : 07.08.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: These Four Appeals Filed By The Department Are Directed Against Two Different Orders Both Dated 29.03.2019 Passed By The Ld. Commissioner Of Income Tax (Appeals) 1, Chennai For The Assessment Years 2007-08, 2012-13, 2013-14 & 2014-15. 2. None Appeared On Behalf Of The Assessee Nor Filed Any Application Seeking Adjournment. Thus, The Assessee Called Absent & Treated Exparte.

house property is accepted as business income, the interest paid on borrowed loans should be allowed as deduction. Thus, the ground No. 2 raised by the Revenue is dismissed. 10. Ground Nos. 3 & 4 raised by the Revenue in challenging the action of the ld. CIT(A) in treating long term capital loss on transfer of shares to subsidiary company

MENAKURU SUKUMAR REDDY,HYDERABAD vs. DCIT(A), CHENNAI

In the result the appeal of the revenue is dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunatha

property. Aggrieved by the addition made, the assessee filed an appeal before ld.CIT(A) and raised grounds on disallowance of development expenditures. During the first appellate proceedings the assessee made submission with respect to disallowances made towards development expenditure incurred by the assessee. However, the ld.CIT(A), without considering the issue under consideration i.e., disallowance of expenditure, enhanced the income

MENAKURU SUKUMAR REDDY,HYDERABAD vs. DCIT(A), CHENNAI

In the result the appeal of the revenue is dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunatha

property. Aggrieved by the addition made, the assessee filed an appeal before ld.CIT(A) and raised grounds on disallowance of development expenditures. During the first appellate proceedings the assessee made submission with respect to disallowances made towards development expenditure incurred by the assessee. However, the ld.CIT(A), without considering the issue under consideration i.e., disallowance of expenditure, enhanced the income

M/S ALPHA REALITY,CHENNAI vs. ACIT NON CORPORATE CIRCLE 3, CHENNAI

The appeal stands partly allowed in terms of our above order

Bench: Hon’Ble Shri V. Durga Rao, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1706/Chny/2018 (िनधा"रण वष" / Assessment Year: 2014-15) M/S. Alpha Reality Acit No.1-A, 4Th Floor, Jhava Plaza, Non-Corporate Circle-3, बनाम/ Vs. Nungambakkam High Road, Chennai Nungambakkam, Chennai-600 034. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aajfa-8210-B (अपीलाथ"/Appellant) : (!"थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri N. Arjunraj (Ca)- Ld.Ar !"थ"कीओरसे/Respondent By : Shri P. Sajit Kumar (Jcit)-Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 18-10-2023 घोषणाकीतारीख /Date Of Pronouncement : 01-11-2023 आदेश / O R D E R

house property. In the last Balance Sheet, the assessee does not have any debtors. The assessee failed to substantiate that the conditions of Sec.36(2) were duly fulfilled so as to lay claim on deduction u/s 36(1)(vii). It also emerges that the assessee has advances sum of Rs.435 Lacs to three joint owners and the transaction, apparently

ACIT, CHENNAI vs. MENAKURU SUKUMAR REDDY, CHENNAI

house property and tax accordingly.”\nTherefore, the contentions raised in our grounds of appeal for the A.Y.2015-16 is\nto be considered and the grounds of appeal of the revenue may please be\ndismissed as there is no relief given by the Id.CIT(A).\nb) The Id.CIT(A) has erred in deleting the cash deposit of Rs.28,30,000/-:\nThe Id.DR

A.G.T. ELECTRONICS LTD.,COIMBATORE vs. ADIT, CPC, , BENGALURU

In the result, the appeal of the assessee is allowed

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon’Ble S.R. Raghunathaआयकर अपील सं./ Ita No.2767/Chny/2024 िनधा8रण वष8 /Assessment Year: 2018-19

251 - Provisions relating to appeal by partner or person denying liability to deduct tax ; form of appeal and limitation; procedure in appeal; and powers of Appellate Assistant Commissioners in disposing of appeals to apply in relation to appeals before Commissioners (Appeals). Section 253 - Appeals against orders passed by Commissioners (Appeals) to lie to the Appellate Tribunal, and departmental appeals

HARIDOSS GNANAPRAKASAM,CHENNAI vs. ITO, NON CORPORATE CIRCLE-22(1), TAMBARAM

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Ss Viswanethra Ravi & Ms. Padmavathy.Sआयकर अपील सं./Ita No.2263/Chny/2025 िनधा#रण वष# /Assessment Year: 2018-19

251/-. Your honor as mentioned in the statement of facts your appellant is a service provider who is major ITA No2263 /Chny/2025 Haridoss Gnanaprakasam :- 3 -: business is only with the state and central governments. This amount represents one percent of the bill amount (Taxable Value) when settled by the government departments they will deduct this one percent and settle

SUDHA RAMANI,CHENNAI vs. INCOME TAX OFFICER, NON CORPORATE WARD 10(3), CHENNAI, CHENNAI

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

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.3352/Chny/2024 िनधा"रण वष"/Assessment Year: 2010-11 Sudha Ramani, Vs. The Income Tax Officer, Flat A3, 862, Siddharth Manor, Non Corporate Ward 10(3), Poonamallee High Road, Kilpauk, Chennai. Chennai 600 010. [Pan:Ahepr9857M] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri R. Venkata Raman, C.A. ""थ" की ओर से/Respondent By : Shri A. Sasikumar, Cit सुनवाई की तारीख/ Date Of Hearing : 25.02.2025 घोषणा की तारीख /Date Of Pronouncement : 07.03.2025 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 17.10.2024 Passed By The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi For The Assessment Year 2010-11. 2. The Assessee Raised 3 Grounds Of Appeal, Amongst Which, The Only Issue Emanates For Consideration As To Whether The Ld. Cit(A) Is Justified

2 I.T.A. No.2380/Chny/24 in remanding the matter to the file of the Assessing Officer in the facts and circumstances of the case. 3. At the outset, we note that the assessee is an individual and no return of income filed for the assessment year under consideration. According to the Assessing Officer, a property was purchased in the name

ACIT, CHENNAI vs. MENAKURU SUKUMAR REDDY , CHENNAI

2. It is to be noted that certain loan accounts\nare still not closed during the impugned year, since these account balances are\nrunning accounts which can be observed from the respective ledgers accounts\nattached (papers book 5). Hence the Id.AR submitted that these amounts cannot\nbe made as addition by the Ld.CIT(A) for the year as unexplained credits

MENAKURU SUKUMAR REDDY,HYDERABAD vs. DCIT(A), CHENNAI

2. It is to be noted that certain loan accounts\nare still not closed during the impugned year, since these account balances are\nrunning accounts which can be observed from the respective ledgers accounts\nattached (papers book 5). Hence the Id.AR submitted that these amounts cannot\nbe made as addition by the Ld.CIT(A) for the year as unexplained credits

ASSISSTANT COMMISIONER OF INCOME TAX, CHENNAI vs. ESTRA ENTERPRISES PRIVATE LIMITED, CHENNAI

property is registered in the name of\nbuyer.\nc. The Joint development agreement entered into by the assesee with\nthe developer is a legal transfer agreement in respect of sale of land\nproportionate to 60% of the total built up area. As the assessee has\nrelinquished his right over the 60% share, liability to pay tax arises\nirrespective of incidence

M/S. TRIVITRON HEALTHCARE PVT. LTD.,CHENNAI vs. PCIT, , CHENNAI-3

In the result, the appeal filed by the assessee is partly\nallowed

property of one\ncompany by another company pursuant to the purchase of such\nproperty by the other company or as a result of the distribution of such\nproperty to the other company after the winding up of the first-\nmentioned company.\n19. The accounting for merger of a company with another can be by\ntwo methods, Viz., pooling of interest

AMIT KAPOOR,CHENNAI vs. CIT, EXEMPTIONS, CHENNAI, CHENNAI

Bench: Shri Aby T. Varkey & Shri S.R.Raghunathaआयकर अपील सं./Ita No.1415/Chny/2023 िनधा"रण वष"/Assessment Year: 2017-18 V. Shri Samiappagounder Dharmaraj, The Addl.Cit, 56/88, Rayapuram Extension, Range-1, 1St Street, Tirupur. Tirupur-641 601. [Pan: Adypd 3863 F] (अपीलाथ"/Appellant) (""यथ"/Respondent)

house property and capital gains. The AO after verification of the details filed by the assessee, took note of the fact that there was no cash deposits in the bank account even during demonetization period. However, he noted that the assessee has deposited cash of Rs.7,68,910/- and Rs.2,52,180/- in two different jewel loan account