SHRI RAMESH ALLADA,USA vs. ITO,INTNL. TAXN.1(1), CHENNAI

In the result, both the appeals of the assessee are partly allowed

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita No.781/Chny/2022 िनधा"रण वष" /Assessment Years: 2019-20 Shri Suresh Allada, The Income Tax Officer, 2, Wildcherry Street, Vs. International Taxation Ward-1(1), Maribyrnong, Chennai. Victoria -3032. Australia. [Pan: Bqppa-1954-B] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No.782/Chny/2022 िनधा"रण वष" /Assessment Years: 2019-20 Shri Ramesh Allada, The Income Tax Officer, 502, Roling Brook Ln Vs. International Taxation Ward-1(1), Cedar Park, Texas, Chennai. United States Of America. [Pan: Bxwpa-5420-N] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri N. Arjunraj, C.A ""यथ" क" ओर से /Respondent By : Shri R. Mohan Reddy, Cit & Shri Ar. V. Sreenivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 25.04.2023 : 25.04.2023 घोषणा क" तारीख /Date Of Pronouncement आदेश / O R D E R Per Mahavir Singh: These Two Appeals By, Two Different Assessees, Are Arising Out Of Assessments Framed By Income Tax Officer, International Taxation

482 5,00,000 2000 Compound Wall -- 2,50,000 4.3. The A.O noted that the assessee has not filed any evidence or proof for expenses and hence, the A.O denied the claim of exemption for the purpose of computation of long term capital gain and indexation of the same thereof. Aggrieved, the assessee raised objections before

SUNITHA,COIMBATORE vs. PCIT -1, COIM,BATORE

In the result, appeal filed by the assessee is allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal & Hon’Ble Shri Manu Kumar Giriआयकरअपील सं./ Ita No.2013/Chny/2024 (िनधा"रणवष" / Assessment Year: 2018-2019) Sunitha, Vs. The Principal Commissioner Of No.30, Sivaji Colony, Income Tax -1, Thadagam Road, Coimbatore Edayarpalayam, Coimbatore 641 025. [Pan: Bhqps 4789G] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri N.V. Balaji, Advocate ""यथ" क" ओर से /Respondent By : Shri R. Clement Ramesh Kumar, Irs, Cit. सुनवाई क" तार"ख/Date Of Hearing : 26.11.2024 घोषणा क" तार"ख /Date Of Pronouncement : 10.12.2024 आदेश / O R D E R Per Manu Kumar Giri ()

house property being residential accommodation the tenant had not deducted TDS on rent paid by them. If any communication had bought to my notice earlier i would have taken necessary steps to submit at that relevant point of time. 2. Non-disclosure of loan given in the Income Tax Return (ITR) In ITR-3 of AY 2018-19 the disclosure

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

482 & 484/Chny/2024 dated 25.09.2024 by observing as under:- “9.2 We have heard both the parties and perused the material available on record. We note that the assessee claimed depreciation @ 80% on UPS, stabilizers, etc., as part of block of Energy saving equipment, since Automatic power cut-off devices mounted on motors/ Automatic voltage controllers were eligible for depreciation @ 80%. Reliance

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

482/- on the ground that the advances were given out of own funds and the borrowed funds are not diverted to subsidiaries. The assessee was engaged in Multi Model Logistics and Stevedoring activities expending his business activities. The subsidiaries were developing the road, rail, port 16 - - ITA 1695 to 1697 & CO 84/Mds/14 terminal and various places. Their activities will

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

482/- on the ground that the advances were given out of own funds and the borrowed funds are not diverted to subsidiaries. The assessee was engaged in Multi Model Logistics and Stevedoring activities expending his business activities. The subsidiaries were developing the road, rail, port 16 - - ITA 1695 to 1697 & CO 84/Mds/14 terminal and various places. Their activities will

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

482/- on the ground that the advances were given out of own funds and the borrowed funds are not diverted to subsidiaries. The assessee was engaged in Multi Model Logistics and Stevedoring activities expending his business activities. The subsidiaries were developing the road, rail, port 16 - - ITA 1695 to 1697 & CO 84/Mds/14 terminal and various places. Their activities will

SREEDHARAN VIJAYAKUMAR ,CHENNAI vs. ITO INTERNATIIONAL TAXATION 2(2) , CHENNAI

In the result the appeal of the assessee is allowed for statistical purpose as indicated herein above

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddy

house nor were the unutilized amounts deposited in the notified Bank Accounts in terms of section 54F (4) before filing the return of income, Assessing Officer had rightly computed the section 54F proportionately to the amount invested. 4.7 In view of the foregoing discussions the investment made by the assessee before filing of return u/s 139( 1) is considered

S.SURESH,SALEM vs. ACIT CENTRAL CIRCLE, SALEM

In the result, the appeal filed by the assessee is treated as

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकरअपीलसं./I.T.A.No.942/Chny/2019 ("नधा"रणवष" / Assessment Year: 2009-10) Mr. S.Suresh, Vs The Assistant Commissioner Of 7/16, Nallarayanpatty, Ariyanoor, Income Tax, Veerapandy, Central Circle, Salem-636 308. Salem. Pan:Azzps 9875M (अपीलाथ"/Appellant) (""यथ"/Respondent)

482 Del HC); the Statutory authority namely 5p1, Deputy Collector (Stamp) fixed its market value at Rs. 44,80,700/- being 6.6% more than Rs, 42 lakhs mentioned in the document; reliance on such stamp authority’s value is recognized in 313 ITR 178 Amsr and 57 DTR 449 Ahd. 8. Even the tentative confession ought not to have extracted

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

482/- -------------------- Difference in the Capital Account : 22,90,232/- --------------------- The ld. Authorised Representative for assessee vide letter dated 22.12.2009 before Commissioner of Income Tax has stated that the closing balance kept with Indian Bank Porur ("3,86,774/) Bank of Baroda (".12,12,517/-) and SB account with Egmore Benefit Society Ltd ("21,897/-) not reduced than the corresponding capital

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

482/- -------------------- Difference in the Capital Account : 22,90,232/- --------------------- The ld. Authorised Representative for assessee vide letter dated 22.12.2009 before Commissioner of Income Tax has stated that the closing balance kept with Indian Bank Porur ("3,86,774/) Bank of Baroda (".12,12,517/-) and SB account with Egmore Benefit Society Ltd ("21,897/-) not reduced than the corresponding capital

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

482/- -------------------- Difference in the Capital Account : 22,90,232/- --------------------- The ld. Authorised Representative for assessee vide letter dated 22.12.2009 before Commissioner of Income Tax has stated that the closing balance kept with Indian Bank Porur ("3,86,774/) Bank of Baroda (".12,12,517/-) and SB account with Egmore Benefit Society Ltd ("21,897/-) not reduced than the corresponding capital

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

482/- -------------------- Difference in the Capital Account : 22,90,232/- --------------------- The ld. Authorised Representative for assessee vide letter dated 22.12.2009 before Commissioner of Income Tax has stated that the closing balance kept with Indian Bank Porur ("3,86,774/) Bank of Baroda (".12,12,517/-) and SB account with Egmore Benefit Society Ltd ("21,897/-) not reduced than the corresponding capital

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

482/- -------------------- Difference in the Capital Account : 22,90,232/- --------------------- The ld. Authorised Representative for assessee vide letter dated 22.12.2009 before Commissioner of Income Tax has stated that the closing balance kept with Indian Bank Porur ("3,86,774/) Bank of Baroda (".12,12,517/-) and SB account with Egmore Benefit Society Ltd ("21,897/-) not reduced than the corresponding capital

V.R.VENKAATACHALAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri Challa Nagendra Prasadआयकर अपील सं./ I.T.A. Nos.2634, 2635, 2636, 2637, 2638 & 2639/Mds/2014 ("नधा"रण वष" / Assessment Years : 2006-07, 2007-08, 2008-09, 2009- 10, 2010-11 & 2011-2012)

482/- -------------------- Difference in the Capital Account : 22,90,232/- --------------------- The ld. Authorised Representative for assessee vide letter dated 22.12.2009 before Commissioner of Income Tax has stated that the closing balance kept with Indian Bank Porur ("3,86,774/) Bank of Baroda (".12,12,517/-) and SB account with Egmore Benefit Society Ltd ("21,897/-) not reduced than the corresponding capital

ITO, CHENNAI vs. A. JAGADEESWARI, CHENNAI

In the result, the appeal of the Revenue as well as the cross objection of the assessee are dismissed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकरअपीलसं./I.T.A.No.245/Mds/2017 ("नधा"रणवष" / Assessment Year: 2008-09) Vs Smt. A. Jagadeeswari, The Income Tax Officer, New No.40, Flat No.G-2. Non-Corporate Ward 3(1)(I/C) Jagannathapuram, Iii Street, Chennai – 34. Chetpet, Chennai – 600 031. Pan: Adhpj4253E (अपीलाथ"/Appellant) (""यथ"/Respondent) C.O. No. 30/Mds/2017 (In I.T.A. No.245/Mds/2017) Smt. A. Jagadeeswari, Vs The Income Tax Officer, New No.40, Flat No.G-2. Non-Corporate Ward 3(1)(I/C) Jagannathapuram, Iii Street, Chennai – 34. Chetpet, Chennai – 600 031. Pan: Adhpj4253E (अपीलाथ"/Appellant) (""यथ"/Respondent) राज" की ओर से /Revenue By : Smt. S. Vijayaprabha, Jcit : Shri T. Banusekar, Ca "नधा"रती क" ओर से /Assessee By : 20.09.2017 सुनवाईक"तार"ख/Date Of Hearing : 20.11.2017 घोषणाक"तार"ख /Date Of Pronouncement आदेश / O R D E R

Property Developers Pvt Ltd 2015- TIOL-720-HC- MAD-IT which involves a similar situation as that of the appellant wherein it has been held that there was a single housing project with different blocks and hence the deduction u/s.80-IB(10) could not be denied. 43. Reliance is placed on the orders of the Hon'ble Madras High Court

SIR CV RAMAN EDUCATIONAL AND CHARITABLE TRUST,CHENNAI vs. CIT, EXEMPTIONS,, CHENNAI

In the result, both the appeals of the assessee are allowed

Bench: Shri Aby T. Varkey & Ms. Padmavathy. S

482 ITR 287). In this case also, the assessee trust, though formed in 2008, had not undertaken any charitable activities. The Ld. CIT(E) did not point out any defects in the objects of the trust but rejected the application on the ground that there was no activity in the trust and therefore the genuineness of the activities

SIR CV RAMAN EDUCATIONAL AND CHARITABLE TRUST,CHENNAI vs. CIT, EXEMPTIONS,, CHENNAI

In the result, both the appeals of the assessee are allowed

Bench: Shri Aby T. Varkey & Ms. Padmavathy. S

482 ITR 287). In this case also, the assessee trust, though formed in 2008, had not undertaken any charitable activities. The Ld. CIT(E) did not point out any defects in the objects of the trust but rejected the application on the ground that there was no activity in the trust and therefore the genuineness of the activities

DCIT CORPORATE CIRCLE 1(2), CHENNAI vs. CHENNAI METRO RAIL LIMITED, CHENNAI

In the result, both the appeals filed by the Revenue are dismissed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.2180 & 2181/Chny/2018 िनधा"रण वष"/Assessment Years: 2013-14 & 2014-15 The Deputy Commissioner Of Vs. M/S. Chennai Metro Rail Limited, Income Tax, Administrative Building, Chennai Metro Corporate Circle 1(2), Rail Depot, P.H. Road, Opp. To Daniel Chennai 600 034. Thomas School, Koyambedu, Chennai 600 107. [Pan: Aadcc2233K] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri M. Rajan, Cit ""थ" की ओर से/Respondent By : Shri G. Baskar, Advocate सुनवाई की तारीख/ Date Of Hearing : 10.05.2022 घोषणा की तारीख /Date Of Pronouncement : 24.06.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Revenue Are Directed Against The Common Order Of The Ld. Commissioner Of Income Tax (Appeals) 4, Chennai Dated 14.05.2018 Relevant To The Assessment Years 2013-14 & 2014-15. Since Common Ground Involved, Both The Appeals Were Heard & Being Disposed Of By This Common Order For The Sake Of Convenience. The Only Common Ground Raised In Both The Appeals Relates To Deletion Of Addition Made Towards Interest Income.

property will be capital receipt. The amount of interest received by the company flows from its investments and its income is clearly revenue in nature and not capital. Section 28 deals with the income from business or profession. The business of the assessee in this case is construction and running of Metro 4 I.T.A. Nos.2180 & 2181/Chny/18 Rail. Therefore, the income