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10 results for “house property”+ Section 56(2)(viia)clear

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Key Topics

Section 14A26Disallowance9Section 566Section 56(2)5Section 2635Addition to Income5Section 56(2)(vii)4Section 143(3)4Section 364

SHRIRAM OWNERSHIP TRUST,CHENNAI vs. DCIT, CHENNAI

In the result, the appeals of the assessee for both

ITA 407/CHNY/2017[2014-15]Status: DisposedITAT Chennai05 May 2017AY 2014-15

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)(viia)4
Natural Justice2
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

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

ASIRVAD MICRO FINANCE LIMITED,ANNA SALAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE -1(1), CHENNAI

In the result, the appeal of the assessee is allowed

ITA 1140/CHNY/2025[2016-17]Status: DisposedITAT Chennai05 Dec 2025AY 2016-17

Bench: Shri Aby T Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1140/Chny/2025 Assessment Years: 2016-17 Asirvad Micro Finance Limited, Assistant Commissioner Of No.9, 9Th Floor, Club House Road, Income Tax, Annasalai, Corporate Circle-1(1), Chennai-600 002 Chennai. [Pan: Aagca5275J] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Mr.P.R.Prasanna Varma, Fca & Mr.Arjun Rajagopalan, C.A. प्रत्यर्थी की ओर से /Revenue By : Mr.Bipin C.N, Cit सुनवाई की तारीख/Date Of Hearing : 25.09.2025 घोषणा की तारीख /Date Of Pronouncement : 05.12.2025 आदेश / O R D E R Per Amitabh Shukla, A.M :

For Appellant: Mr.P.R.Prasanna Varma, FCA &For Respondent: Mr.Bipin C.N, CIT
Section 2(18)Section 2(71)Section 56(2)Section 56(2)(viib)Section 8

House Road, Income Tax, Annasalai, Corporate Circle-1(1), Chennai-600 002 Chennai. [PAN: AAGCA5275J] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee by : Mr.P.R.Prasanna Varma, FCA & Mr.Arjun Rajagopalan, C.A. प्रत्यर्थी की ओर से /Revenue by : Mr.Bipin C.N, CIT सुनवाई की तारीख/Date of Hearing : 25.09.2025 घोषणा की तारीख /Date of Pronouncement : 05.12.2025 आदेश

DCIT NON CORPORATE CIRCLE I, CHENNAI vs. JAIN HOUSING, CHENNAI

In the result, the appeal of the Revenue in ITA

ITA 337/CHNY/2019[2013-14]Status: DisposedITAT Chennai08 Aug 2019AY 2013-14

Bench: Shri George Mathan & Shri Inturi Rama Rao

For Appellant: Shri. R. Clement RameshFor Respondent: Shri. M. Karunakaran, Adv
Section 143(3)Section 14ASection 36Section 36(1)Section 56Section 56(2)Section 56(2)(viia)

section 56(2)(viia) of the Act merely on equity without applying any provisions of the Income tax Act, 1961. 5. For these and other grounds that may be adduced at the time of hearing, it is prayed that the order of the Ld. CIT(A) be set aside and that of the AO restored’’. The brief facts

DCIT NON CORPORATE CIRCLE I, CHENNAI vs. JAIN HOUSING, CHENNAI

In the result, the appeal of the Revenue in ITA

ITA 338/CHNY/2019[2014-15]Status: DisposedITAT Chennai08 Aug 2019AY 2014-15

Bench: Shri George Mathan & Shri Inturi Rama Rao

For Appellant: Shri. R. Clement RameshFor Respondent: Shri. M. Karunakaran, Adv
Section 143(3)Section 14ASection 36Section 36(1)Section 56Section 56(2)Section 56(2)(viia)

section 56(2)(viia) of the Act merely on equity without applying any provisions of the Income tax Act, 1961. 5. For these and other grounds that may be adduced at the time of hearing, it is prayed that the order of the Ld. CIT(A) be set aside and that of the AO restored’’. The brief facts

SEVUGAN PETHAPERUMAL,MADURAI vs. PCIT, MADURAI-1,, MADURAI

In the result, the appeal of the assessee is allowed

ITA 1196/CHNY/2025[2020-21]Status: DisposedITAT Chennai25 Aug 2025AY 2020-21

Bench: Shri George George K & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1196/Chny/2025 Assessment Years: 2020-21 Sevugan Pethaperumal, Principal Commissioner Of Income No.41, First Main Street, Tax, Narayanapuram West, Madurai-1, Madurai, Madurai. Tamil Nadu-625 014. [Pan: Afjpp5984J] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Assessee By : Shri G.Tarun, Advocate प्रत्यर्थी की ओर से /Revenue By : Shri Bipin C.N, Cit सुनवाई की तारीख/Date Of Hearing : 06.08.2025 घोषणा की तारीख /Date Of Pronouncement : 25.08.2025 आदेश / O R D E R Per Amitabh Shukla, A.M :

For Appellant: Shri G.Tarun, AdvocateFor Respondent: Shri Bipin C.N, CIT
Section 143(3)Section 263

56 the High Court or the Supreme Court. Explanation.-In computing the period of limitation for the purposes of sub-section (2), the time taken in giving an opportunity to the assessee to be reheard under the proviso to section 129 and 56a[the period commencing on the date on which stay on any proceeding under this section was granted

THE KARUR VYSYA BANK LTD.,KARUR vs. JCIT, TRICHY

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

ITA 2326/CHNY/2016[2011-12]Status: DisposedITAT Chennai29 Mar 2017AY 2011-12

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

For Appellant: Shri S. Ananthan, CAFor Respondent: Sh. Pathlavath Peerya, CIT
Section 14A

viia). 10.2. The learned Assessing Officer failed to appreciate the fact that the Rule 6ABA does not prescribe only incremental advances are to be considered for arriving at the Aggregate Average Advances.” 18. In our opinion, irrespective of the fact whether computation made by the Assessing Officer is having an effect on the taxable income of the assessee

DCIT, TRICHY vs. M/S. THE KARUR VYSYA BANK. LTD., KARUR

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

ITA 2649/CHNY/2016[2011-12]Status: DisposedITAT Chennai29 Mar 2017AY 2011-12

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

For Appellant: Shri S. Ananthan, CAFor Respondent: Sh. Pathlavath Peerya, CIT
Section 14A

viia). 10.2. The learned Assessing Officer failed to appreciate the fact that the Rule 6ABA does not prescribe only incremental advances are to be considered for arriving at the Aggregate Average Advances.” 18. In our opinion, irrespective of the fact whether computation made by the Assessing Officer is having an effect on the taxable income of the assessee

DCIT, TRICHY vs. THE KARUR VYSYA BANK LTD., KARUR

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

ITA 2433/CHNY/2016[2010-11]Status: DisposedITAT Chennai29 Mar 2017AY 2010-11

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

For Appellant: Shri S. Ananthan, CAFor Respondent: Sh. Pathlavath Peerya, CIT
Section 14A

viia). 10.2. The learned Assessing Officer failed to appreciate the fact that the Rule 6ABA does not prescribe only incremental advances are to be considered for arriving at the Aggregate Average Advances.” 18. In our opinion, irrespective of the fact whether computation made by the Assessing Officer is having an effect on the taxable income of the assessee

THE KARUR VYSYA BANK LTD.,KARUR vs. JCIT, TRICHY

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

ITA 2325/CHNY/2016[2010-11]Status: DisposedITAT Chennai29 Mar 2017AY 2010-11

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

For Appellant: Shri S. Ananthan, CAFor Respondent: Sh. Pathlavath Peerya, CIT
Section 14A

viia). 10.2. The learned Assessing Officer failed to appreciate the fact that the Rule 6ABA does not prescribe only incremental advances are to be considered for arriving at the Aggregate Average Advances.” 18. In our opinion, irrespective of the fact whether computation made by the Assessing Officer is having an effect on the taxable income of the assessee