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87 results for “house property”+ Section 271(1)(b)clear

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Key Topics

Addition to Income61Section 271(1)(c)52Section 14845Section 10B42Penalty40Section 271D35Section 270A33Section 153C31Section 143(3)30

DCIT, CENTRALCIRCLE-2(2), CHENNAI vs. SUBRAMANIAM THANU, CHENNAI

In the result, all the appeals filed by the Revenue as well as Cross

ITA 786/CHNY/2023[2015-16]Status: DisposedITAT Chennai13 Mar 2024AY 2015-16

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (In I.T.A. Nos.785 To 788/Chny/2023)

For Respondent: Shri A. Sasi Kumar, CIT
Section 132Section 269SSection 269TSection 271(1)(c)Section 271DSection 271E

B’ BENCH, CHENNAI "ी वी. दुगा" राव, "ाियक सद" एवं "ी मनोज कुमार अ"वाल, लेखा सद" के सम" । Before Shri V. Durga Rao, Judicial Member & Shri Manoj Kumar Aggarwal, Accountant Member आयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (in I.T.A. Nos.785 to 788/Chny/2023) The Deputy

Showing 1–20 of 87 · Page 1 of 5

Section 14726
Disallowance21
Deduction19

DCIT, CENTRALCIRCLE-2(2), CHENNAI vs. SUBRAMANIAM THANU, CHENNAI

In the result, all the appeals filed by the Revenue as well as Cross

ITA 788/CHNY/2023[2016-17]Status: DisposedITAT Chennai13 Mar 2024AY 2016-17

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (In I.T.A. Nos.785 To 788/Chny/2023)

For Respondent: Shri A. Sasi Kumar, CIT
Section 132Section 269SSection 269TSection 271(1)(c)Section 271DSection 271E

B’ BENCH, CHENNAI "ी वी. दुगा" राव, "ाियक सद" एवं "ी मनोज कुमार अ"वाल, लेखा सद" के सम" । Before Shri V. Durga Rao, Judicial Member & Shri Manoj Kumar Aggarwal, Accountant Member आयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (in I.T.A. Nos.785 to 788/Chny/2023) The Deputy

DCIT, CENTRALCIRCLE-2(2), CHENNAI vs. SUBRAMANIAM THANU, CHENNAI

In the result, all the appeals filed by the Revenue as well as Cross

ITA 787/CHNY/2023[2016-17]Status: DisposedITAT Chennai13 Mar 2024AY 2016-17

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (In I.T.A. Nos.785 To 788/Chny/2023)

For Respondent: Shri A. Sasi Kumar, CIT
Section 132Section 269SSection 269TSection 271(1)(c)Section 271DSection 271E

B’ BENCH, CHENNAI "ी वी. दुगा" राव, "ाियक सद" एवं "ी मनोज कुमार अ"वाल, लेखा सद" के सम" । Before Shri V. Durga Rao, Judicial Member & Shri Manoj Kumar Aggarwal, Accountant Member आयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (in I.T.A. Nos.785 to 788/Chny/2023) The Deputy

DCIT, CENTRALCIRCLE-2(2), CHENNAI vs. SUBRAMANIAM THANU, CHENNAI

In the result, all the appeals filed by the Revenue as well as Cross

ITA 785/CHNY/2023[2015-16]Status: DisposedITAT Chennai13 Mar 2024AY 2015-16

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (In I.T.A. Nos.785 To 788/Chny/2023)

For Respondent: Shri A. Sasi Kumar, CIT
Section 132Section 269SSection 269TSection 271(1)(c)Section 271DSection 271E

B’ BENCH, CHENNAI "ी वी. दुगा" राव, "ाियक सद" एवं "ी मनोज कुमार अ"वाल, लेखा सद" के सम" । Before Shri V. Durga Rao, Judicial Member & Shri Manoj Kumar Aggarwal, Accountant Member आयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (in I.T.A. Nos.785 to 788/Chny/2023) The Deputy

VIPIN KUMAR,HOSUR vs. ITO, SALEM

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

ITA 487/CHNY/2016[2007-08]Status: DisposedITAT Chennai15 Jul 2016AY 2007-08

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.487/Mds/2016 "नधा"रण वष" / Assessment Year : 2007-08 Shri Vipin Kumar, The Income Tax Officer, Hig – 5, Avalapalli Housing Board, V. Central Circle, Brindavan Nagar, Phase Vii,Tnhb Salem. Hosur – 636 109. Pan : Aafpb 9262 Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri Lakshmichand Nahata, FCAFor Respondent: Shri A.V. Sreekanth, JCIT
Section 132Section 139(1)Section 139(5)Section 153CSection 271(1)(c)

Housing Board, v. Central Circle, Brindavan Nagar, Phase VII,TNHB Salem. Hosur – 636 109. PAN : AAFPB 9262 Q (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant by : Shri Lakshmichand Nahata, FCA ""यथ" क" ओर से/Respondent by : Shri A.V. Sreekanth, JCIT सुनवाई क" तार"ख/Date of Hearing : 05.05.2016 घोषणा क" तार"ख/Date of Pronouncement : 15.07.2016 आदेश

JAY FARM HOUSE,CHENNAI vs. ACIT, CHENNAI

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

ITA 307/CHNY/2011[1996-97]Status: DisposedITAT Chennai16 Nov 2016AY 1996-97

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

For Appellant: Shri G.Seetharaman, Chartered AccountantFor Respondent: Shri T.R.Senthil Kumar, Standing Counsel
Section 271(1)(b)Section 69A

House, The Assistant Commissioner of No.18, Balamuthukrishnan Street, v. Income-tax, T.Nagar, Chennai – 600 017. Central Circle II(2), Chennai – 600 034. PAN: AAB FJ 6822 G (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं /Appellant by : Shri G.Seetharaman, Chartered Accountant ""यथ" क" ओर से/Respondent by : Shri T.R.Senthil Kumar, Standing Counsel सुनवाई क" तार"ख/Date of Hearing : 23.08.2016 घोषणा

M/S. J FARM HOUSE,CHENNAI vs. ACIT, CHENNAI

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

ITA 309/CHNY/2011[2003-04]Status: DisposedITAT Chennai16 Nov 2016AY 2003-04

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

For Appellant: Shri G.Seetharaman, Chartered AccountantFor Respondent: Shri T.R.Senthil Kumar, Standing Counsel
Section 271(1)(b)Section 69A

House, The Assistant Commissioner of No.18, Balamuthukrishnan Street, v. Income-tax, T.Nagar, Chennai – 600 017. Central Circle II(2), Chennai – 600 034. PAN: AAB FJ 6822 G (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं /Appellant by : Shri G.Seetharaman, Chartered Accountant ""यथ" क" ओर से/Respondent by : Shri T.R.Senthil Kumar, Standing Counsel सुनवाई क" तार"ख/Date of Hearing : 23.08.2016 घोषणा

JAY FARM HOUSE,CHENNAI vs. ACIT, CHENNAI

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

ITA 308/CHNY/2011[1997-98]Status: DisposedITAT Chennai16 Nov 2016AY 1997-98

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

For Appellant: Shri G.Seetharaman, Chartered AccountantFor Respondent: Shri T.R.Senthil Kumar, Standing Counsel
Section 271(1)(b)Section 69A

House, The Assistant Commissioner of No.18, Balamuthukrishnan Street, v. Income-tax, T.Nagar, Chennai – 600 017. Central Circle II(2), Chennai – 600 034. PAN: AAB FJ 6822 G (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं /Appellant by : Shri G.Seetharaman, Chartered Accountant ""यथ" क" ओर से/Respondent by : Shri T.R.Senthil Kumar, Standing Counsel सुनवाई क" तार"ख/Date of Hearing : 23.08.2016 घोषणा

JAY FARM HOUSE,CHENNAI vs. ACIT, CHENNAI

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

ITA 306/CHNY/2011[1995-96]Status: DisposedITAT Chennai16 Nov 2016AY 1995-96

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

For Appellant: Shri G.Seetharaman, Chartered AccountantFor Respondent: Shri T.R.Senthil Kumar, Standing Counsel
Section 271(1)(b)Section 69A

House, The Assistant Commissioner of No.18, Balamuthukrishnan Street, v. Income-tax, T.Nagar, Chennai – 600 017. Central Circle II(2), Chennai – 600 034. PAN: AAB FJ 6822 G (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं /Appellant by : Shri G.Seetharaman, Chartered Accountant ""यथ" क" ओर से/Respondent by : Shri T.R.Senthil Kumar, Standing Counsel सुनवाई क" तार"ख/Date of Hearing : 23.08.2016 घोषणा

DCIT, CENTRAL CIRCLE 1(1), CHENNAI vs. VELLORE INSTITUTE OF TECHNOLOGY, VELLORE

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

ITA 2219/CHNY/2017[2005-06]Status: DisposedITAT Chennai14 Nov 2018AY 2005-06

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

For Appellant: Shri. A. Mahesh, C.A
Section 11Section 12ASection 13(1)Section 132Section 153A

271. However, according to him, the acquisition could not come through, due to zone ITA Nos2125 to 2128 :- 39 -: & 2219 to 2222 /2017 conversion problem. As per the ld. Authorised Representative, intention of the assessee was to start its MBA course in this property, since Chamiers Road property was not available. According to him Shri. V. Sampath had refunded

VELLORE INSTITUTE OF TECHNOLOGY,VELLORE vs. DCIT, CC IV(1), CHENNAI

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

ITA 2126/CHNY/2017[2006-07]Status: DisposedITAT Chennai14 Nov 2018AY 2006-07

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

For Appellant: Shri. A. Mahesh, C.A
Section 11Section 12ASection 13(1)Section 132Section 153A

271. However, according to him, the acquisition could not come through, due to zone ITA Nos2125 to 2128 :- 39 -: & 2219 to 2222 /2017 conversion problem. As per the ld. Authorised Representative, intention of the assessee was to start its MBA course in this property, since Chamiers Road property was not available. According to him Shri. V. Sampath had refunded

VELLORE INSTITUTE OF TECHNOLOGY,VELLORE vs. DCIT, CC IV(1), CHENNAI

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

ITA 2125/CHNY/2017[2005-06]Status: DisposedITAT Chennai14 Nov 2018AY 2005-06

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

For Appellant: Shri. A. Mahesh, C.A
Section 11Section 12ASection 13(1)Section 132Section 153A

271. However, according to him, the acquisition could not come through, due to zone ITA Nos2125 to 2128 :- 39 -: & 2219 to 2222 /2017 conversion problem. As per the ld. Authorised Representative, intention of the assessee was to start its MBA course in this property, since Chamiers Road property was not available. According to him Shri. V. Sampath had refunded

DCIT, CENTRAL CIRCLE 1(1), CHENNAI vs. VELLORE INSTITUTE OF TECHNOLOGY, VELLORE

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

ITA 2220/CHNY/2017[2006-07]Status: DisposedITAT Chennai14 Nov 2018AY 2006-07

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

For Appellant: Shri. A. Mahesh, C.A
Section 11Section 12ASection 13(1)Section 132Section 153A

271. However, according to him, the acquisition could not come through, due to zone ITA Nos2125 to 2128 :- 39 -: & 2219 to 2222 /2017 conversion problem. As per the ld. Authorised Representative, intention of the assessee was to start its MBA course in this property, since Chamiers Road property was not available. According to him Shri. V. Sampath had refunded

IRIS ENGINEERING INDUSTRIES P LTD.,CHENNAI vs. ACIT, COIMBATORE

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

ITA 1437/CHNY/2017[2012-13]Status: DisposedITAT Chennai08 Jun 2022AY 2012-13

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No. 1437/Chny/2017 िनधा"रण वष"/Assessment Year:2012-13 M/S. Iris Engineering Industries Pvt. The Assistant Commissioner Of Ltd., (Now Known As M/S. Ravilla Vs. Income Tax, Corporate Circle 2, Aerospace Industries P. Ltd.), No. 178, Coimbatore. Aerodrome Road, Singanallur, Coimbatore 641 005. [Pan:Aaaci8996G] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Sridhar, Advocate ""थ" की ओर से/Respondent By : Dr. S. Palani Kumar, Cit सुनवाई की तारीख/ Date Of Hearing : 21.03.2022 घोषणा की तारीख /Date Of Pronouncement : 08.06.2022 आदेश /O R D E R Per V. Durga Rao,: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 1, Coimbatore Dated 31.03.2017 Relevant To The Assessment Year 2012-13 In Confirming The Levy Of Penalty Under Section 271(1)(C) Of The Income Tax Act, 1961 [“Act” In Short].

For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Dr. S. Palani Kumar, CIT
Section 133ASection 139(1)Section 139(4)Section 143(2)Section 143(3)Section 147Section 148Section 271(1)(c)

property to M/s. Lakshmi Machine Works Ltd. for a total consideration of ₹.8.52 crores. Based on the findings of the survey and the materials unearthed during the proceedings, notice under section 148 of the Act was issued since there was reason to believe that the income chargeable to tax had escaped assessment within the meaning of provisions of section

HOTEL SARAVANA BHAVAN,CHENNAI vs. ACIT CENTRAL CIRCLE 1(3), CHENNAI

In the result, the appeal of the assessee is partly allowed

ITA 474/CHNY/2019[2014-15]Status: DisposedITAT Chennai22 Nov 2019AY 2014-15

Bench: Shri George Mathan & Shri S. Jayaramanआयकर अपील सं./I.T.A.No.474/Chny/2019 ("नधा"रण वष" / Assessment Year: 2014-15) Vs The Acit, M/S. Hotel Saravana Bhavan, C/O. Shri.T.N. Seetharaman, Central Circle 1(3), Advocate, Chennai – 34. #384, (Old No.196), Lloyds Road, Chennai – 600 086. Pan: Aabfh 3049M (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri T.N. Seetharaman, Advocate ""यथ" क" ओर से/Respondent By : Shri S. Bharath,Cit सुनवाई क" तार"ख/Date Of Hearing : 26.08.2019 घोषणा क" तार"ख /Date Of Pronouncement : 22.11.2019 आदेश / O R D E R

For Appellant: Shri T.N. Seetharaman, AdvocateFor Respondent: Shri S. Bharath,CIT
Section 132(4)Section 139(1)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 271ASection 273B

house property before the due date of filing the return. The Hon’ble High Court held that “Sub-Section (4) of section 139 provides the extended period of limitation as an exception to sub-section (1) of section 139 of the Act. Sub-section (4) was in relation to the time allowed to an assessee under sub-section (1

EDWARDSAM,TRICHY vs. ITO, WARD-2(2), TRICHY

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

ITA 728/CHNY/2023[2011-12]Status: DisposedITAT Chennai28 Jul 2023AY 2011-12

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. No. 728/Chny/2023 िनधा"रण वष"/Assessment Year: 2011-12 Edward Sam, Vs. The Income Tax Officer, 4/189, Priyanka Nagar, Ward -2(2), Kattur Post, Trichy 620 019. Trichy. [Pan:Aaape2757N] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Girish Kumar, Advocate ""थ" की ओर से/Respondent By : Shri D. Hema Bhupal, Jcit सुनवाई की तारीख/ Date Of Hearing : 26.07.2023 घोषणा की तारीख /Date Of Pronouncement : 28.07.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi Dated 29.04.2023 For The Assessment Year 2011-12. 2. Brief Facts Of The Case Are That The Assessee Is A Retired Employee Of Bhel & Filed His Return Of Income For The Assessment Year 2011-12 On 06.07.2011 Admitting An Income Of ₹.5,92,178/- After Deducting House Property Loss Of ₹.53,981/-. The Case Has Been Selected For Scrutiny Since

For Appellant: Shri S. Girish Kumar, AdvocateFor Respondent: Shri D. Hema Bhupal, JCIT
Section 143(3)Section 271(1)(c)Section 69A

B’ BENCH, CHENNAI "ी वी. दुगा" राव, "ाियक सद" एवं "ी मनोज कुमार अ"वाल, लेखा सद" के सम" । Before Shri V. Durga Rao, Judicial Member & Shri Manoj Kumar Aggarwal, Accountant Member आयकर अपील सं./I.T.A. No. 728/Chny/2023 िनधा"रण वष"/Assessment Year: 2011-12 Edward Sam, Vs. The Income Tax Officer, 4/189, Priyanka Nagar, Ward -2(2), Kattur Post, Trichy

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

b) owned on the date of transfer of the original asset, is chargeable under the head "Income from house property".] 7.8 Deduction u/s 54F is restricted to investment made in one residential house only since assessment year 2015-16. It is noticed that AO has allowed investment made in flat purchased from Hiranandani realtors Pvt Ltd as deduction being highest

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

b) owned on the date of transfer of the original asset, is chargeable under the head "Income from house property".] 7.8 Deduction u/s 54F is restricted to investment made in one residential house only since assessment year 2015-16. It is noticed that AO has allowed investment made in flat purchased from Hiranandani realtors Pvt Ltd as deduction being highest

ITO, CHENNAI vs. SHANMUGHAM RAMAMOORTHY, CHENNAI

In the result, the appeal filed by the Revenue and the Cross Objection filed by the assessee are dismissed

ITA 402/CHNY/2017[2012-13]Status: DisposedITAT Chennai26 Apr 2018AY 2012-13

Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddyआयकर अपील सं./I T.A. No. 402/Chny/2017 "नधा"रण वष"/Assessment Year:2012-13 & C.O. No. 59/Chny/2017[In I.T.A. No. 402/Chny/2017] The Income Tax Officer, Shri Shanmugham Ramamoorthy, Non Corporate Ward 23(2), Vs. No. 2, Sarathy Street, Pallavaram, 130-B, Mudichur Road, West Chennai 600 043. Tambaram, Chennai 600 045. [Pan:Aaapr2796J] (Appellant) (Respondent/Cross Objector) Department By : Shri K. Ravi, Jcit Assessee By : Ms. Sushma Harini, A., Advocate सुनवाई क" तार"ख/ Date Of Hearing : 08.03.2018 घोषणा क" तार"ख /Date Of Pronouncement : 26.04.2018 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Revenue Is Directed Against The Order Of The Commissioner Of Income Tax (Appeals) 10, Chennai Dated 18.11.2016 Relevant To The Assessment Year 2012-13 Passed Against Levy Of Penalty Under Section 271(1)(C) Of The Income Tax Act, 1961 [“Act” In Short].

For Appellant: Ms. Sushma Harini, A., AdvocateFor Respondent: Shri K. Ravi, JCIT
Section 143(1)Section 143(3)Section 271(1)(c)Section 54Section 54F

B, Mudichur Road, West Chennai 600 043. Tambaram, Chennai 600 045. [PAN:AAAPR2796J] (Appellant) (Respondent/Cross Objector) Department by : Shri K. Ravi, JCIT Assessee by : Ms. Sushma Harini, A., Advocate सुनवाई क" तार"ख/ Date of hearing : 08.03.2018 घोषणा क" तार"ख /Date of Pronouncement : 26.04.2018 आदेश /O R D E R PER DUVVURU RL REDDY, JUDICIAL MEMBER: This appeal filed

SHRIRAM OWNERSHIP TRUST,CHENNAI vs. DCIT, CHENNAI

In the result, the appeals of the assessee for both

ITA 406/CHNY/2017[2013-14]Status: DisposedITAT Chennai05 May 2017AY 2013-14

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)

For Appellant: Shri. R. Sivaraman, AdvocateFor Respondent: Shri. Shaji P. Jacob, IRS, Addl. CIT
Section 144ASection 14ASection 160(1)Section 161(1)Section 2(31)Section 56Section 56(1)Section 56(2)Section 56(2)(vii)

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