DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, TIRUVANNAMALAI

depreciation penalty is not leviable.\nThe additions in assessment proceedings will not automatically lead to\ninference of levying penalty. The Calcutta High Court in the case of CIT v.\nSuresh Chand Bansal [2010] 329 ITR 330 held that where there was an\noffer of additional income in the revised return filed by the assessee and\nsuch offer is in consequence

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, CHENNAI

In the result, all the six appeals of the Revenue are\ndismissed

depreciation penalty is not leviable.\nThe additions in assessment proceedings will not automatically lead to\ninference of levying penalty. The Calcutta High Court in the case of CIT v.\nSuresh Chand Bansal [2010] 329 ITR 330 held that where there was an\noffer of additional income in the revised return filed by the assessee and\nsuch offer is in consequence

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, THIRUVANNAMALAI

depreciation penalty is not leviable.\nThe additions in assessment proceedings will not automatically lead to\ninference of levying penalty. The Calcutta High Court in the case of CIT v.\nSuresh Chand Bansal [2010] 329 ITR 330 held that where there was an\noffer of additional income in the revised return filed by the assessee and\nsuch offer is in consequence

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, THIRUVANNAMALAI

In the result, all the six appeals of the Revenue are\ndismissed

depreciation penalty is not leviable.\nThe additions in assessment proceedings will not automatically lead to\ninference of levying penalty. The Calcutta High Court in the case of CIT v.\nSuresh Chand Bansal [2010] 329 ITR 330 held that where there was an\noffer of additional income in the revised return filed by the assessee and\nsuch offer is in consequence

PENTA MEDIA GRAPHICS LTD.,CHENNAI vs. DCIT, CHENNAI

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

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.1402/Chny/2015 िनधा"रण वष"/Assessment Year: 2000-01 M/S. Penta Media Graphics Ltd., The Deputy Commissioner Of ‘Taurus’, No. 25, First Main Road, Vs. Income Tax, Media Circle I, Room No. 311, 3Rd Floor, New Block, United India Colony, Kodambakkam, Chennai 600 024. 121, Mahatma Gandhi Road, Nungambakkam, Chennai 600 034. [Pan: Aaacp1647B] (अपीलाथ" /Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By Shri G. Baskar, Advocate & : Smt. Sree Valli Lakshmi, Advocate ""थ" की ओर से/Respondent By None [Dept. Letter Submission] : सुनवाई की तारीख/ Date Of Hearing 12.04.2023 : घोषणा की तारीख /Date Of Pronouncement : 10.05.2023 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) 14, Chennai Dated 30.03.2015 Passed Under Section 271(1)(C) Of The Income Tax Act, 1961 [“Act” In Short].

271(1)(c) of the Act and issued show-cause notice dated 15.03.2012. The assessee filed its reply dated 21.03.2012 by stating that the penalty proceedings may be dropped. The content of the assessee’s reply is reproduced as under: In the return of income filed for the A.Y.2000-01 the assessee-company had claimed exemption u/s 1OB in respect

FLSMITH MINERALS (P) LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeal is allowed partly

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./I.T.A. No. 1279/Mds/2014 "नधा"रण वष"/Assessment Year : 2003-04 M/S. Flsmidth Minerals P Ltd., Deputy Commissioner Of Income Tax, (Since Merged With Flsmidthpvt. Ltd.) Vs. Company Circle –Ii(1), Flsmidth House, Chennai – 34. 34, Egatoor, Kelambakkam, Old Mahabalipuram Road, Chennai – 600 103. [Pan: Aaacf 1122D] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shrig. Baskar, Advocate अपीलाथ&क'ओरसे/Appellant By *+यथ&क'ओरसे/Respondent By : Ms. Ann Mary Baby, Jcit

penalty proceedings u/s. 271(1)(c) . Assessee appealed against that assessment order, the CIT(A) confirmed the additions/disallowance of (i) depreciation

INCOME TAX OFFICER, CHENNAI vs. SANGUINE MEDIA LIMITED, CHENNAI

The appeal stand allowed for statistical purposes

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.1594/Chny/2023 (िनधा9रण वष9 / Assessment Year: 2011-12) M/S. Sanguine Media Limited Ito बनाम/ Plot No.135A, 1St Floor, Non-Corporate Ward-20(5) Chandran Nagar Main Road, Chennai Vs. Chrompet, Chennai-600 044. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaecs-2217-C (अपीलाथ"/Appellant) : (" थ" / Respondent) & 2. आयकरअपील सं./ Ita No.480/Chny/2024 (िनधा9रण वष9 / Assessment Year: 2011-12) Ito M/S. Sanguine Media Limited बनाम/ Plot No.135A, 1St Floor, Non-Corporate Ward-10(6) Chennai Chandran Nagar Main Road, Vs. Chrompet, Chennai-600 044. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaecs-2217-C (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" की ओर से/ Assessee By : Shri Neeraj Mangla (Ca) (Virtual)- Ld.Ar " थ" की ओर से/Revenue By : Shri Nilay Baran Som (Cit)-Ld. Dr सुनवाई की तारीख/Date Of Hearing : 10-12-2024 घोषणा की तारीख /Date Of Pronouncement : 09-01-2025 आदेश / O R D E R

depreciation and the same thus attained finality. At the same time, the quantum addition as made by Ld. AO u/s 68 has not survived as per the decision of Tribunal. 2.2 In the meanwhile, Ld. AO proceeded to levy penalty u/s 271

SANGUINE MEDIA LIMITED,CHENNAI vs. ITO, CHENNAI

The appeal stand allowed for statistical purposes

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.1594/Chny/2023 (िनधा9रण वष9 / Assessment Year: 2011-12) M/S. Sanguine Media Limited Ito बनाम/ Plot No.135A, 1St Floor, Non-Corporate Ward-20(5) Chandran Nagar Main Road, Chennai Vs. Chrompet, Chennai-600 044. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaecs-2217-C (अपीलाथ"/Appellant) : (" थ" / Respondent) & 2. आयकरअपील सं./ Ita No.480/Chny/2024 (िनधा9रण वष9 / Assessment Year: 2011-12) Ito M/S. Sanguine Media Limited बनाम/ Plot No.135A, 1St Floor, Non-Corporate Ward-10(6) Chennai Chandran Nagar Main Road, Vs. Chrompet, Chennai-600 044. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaecs-2217-C (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" की ओर से/ Assessee By : Shri Neeraj Mangla (Ca) (Virtual)- Ld.Ar " थ" की ओर से/Revenue By : Shri Nilay Baran Som (Cit)-Ld. Dr सुनवाई की तारीख/Date Of Hearing : 10-12-2024 घोषणा की तारीख /Date Of Pronouncement : 09-01-2025 आदेश / O R D E R

depreciation and the same thus attained finality. At the same time, the quantum addition as made by Ld. AO u/s 68 has not survived as per the decision of Tribunal. 2.2 In the meanwhile, Ld. AO proceeded to levy penalty u/s 271

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

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

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

Depreciation Rs. 1,18,895/- - 3. Interest expenses Rs. 8,93,642/- Rs. 12,99,120/- Net professional income (-)Rs. 3,59,150/- Add: Disallowance of interest unrelated to Rs. 8,93,642/- profession Income assessed u/s 143(3) r.w.s 153A Rs. 5,35,492/- Tuition income as undisclosed income u/s 68 Rs. 10,65,970/- Gift received as undisclosed

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

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

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

Depreciation Rs. 1,18,895/- - 3. Interest expenses Rs. 8,93,642/- Rs. 12,99,120/- Net professional income (-)Rs. 3,59,150/- Add: Disallowance of interest unrelated to Rs. 8,93,642/- profession Income assessed u/s 143(3) r.w.s 153A Rs. 5,35,492/- Tuition income as undisclosed income u/s 68 Rs. 10,65,970/- Gift received as undisclosed

SACS POWER PVT. LTD.,MADURAI vs. ACIT, CIRCLE-2(1), TRICHY

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

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.2159/Chny/2024 िनधा:रण वष: /Assessment Year: 2016-17 Sacs Power Pvt. Ltd., The Asst. Commissioner Of 3/314, Chinthamani Road, Vs. Income Tax, Rajaman Nagar Bus Stop, Circle-2(1), Madurai – 625 009. Trichy. [Pan: Aahcs 4952P]

penalty levied u/s. 271(1)© of the Act on excess claim of depreciation of Rs. 11,49,603/-. 3. The brief

R.PALANISAMY,TIRUPPUR vs. ITO, TIRUPPUR

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

271(1)(c) wherein it is stated that “has concealed the particulars of his income or furnished inaccurate particulars of such income”. 5.2 The wrong claim of the assessee regarding revenue expenses, brought forward business losses and brought forward unabsorbed depreciation will clearly fall within the mischief of filing inaccurate particulars of income and therefore liable to penalty u/s

ILJIN AUTOMOTIVE PRIVATE LIMITED,KANCHIPURAM vs. DCIT CORPORATE CIRCLE 2(2), CHENNAI

The appeal stand partly allowed in terms of our above order

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.1834/Chny/2017 (िनधा)रणवष) / Assessment Year: 2013-14) M/S. Iljin Automotive Private Limited Dcit बनाम/ Plot No.B1 & B2, Sipcot Industrial Park Corporate Circle-2(2), Irungattukottai, Sriperumbudur Chennai. Vs. Kanchipuram-602 105. "थायीलेखासं./जीआइआरसं./Pan/Gir No.Aaaci-2641-E (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Sandeep Bagmar (Advocate) - Ld. Ar " थ"कीओरसे/Respondent By : Shri A. Sasikumar (Cit) - Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 19-11-2024 घोषणाकीतारीख /Date Of Pronouncement : 03-12-2024 आदेश / O R D E R

penalty. 5.4 The learned AO has failed to appreciate that the Appellant had acted in good faith and with due diligence, and therefore it was not a case of deemed concealment in terms of Explanation 7 to section 271(1)(c) of the Act. 1.3 The Ld. AR placed on record ground-wise chart and advanced arguments by referring

M.PRABAHARAN,CHENNAI vs. CIT(A)-3, CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita No.145/Chny/2021 िनधा"रण वष" /Assessment Year: 2016-17 Shri M. Prabaharan, The Income Tax Officer, Managing Director, Vs. Corporate Ward-5(3), 389/5, Vellalar Street, Chennai. Aynambakkam – 600 095, Tamil Nadu. [Pan: Aagcr-4875-F] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No.548/Chny/2021 िनधा"रण वष" /Assessment Year: 2016-17 Rkp Poly Bags Pvt. Ltd., The Income Tax Officer, 389/5, Vellalar Street, Vs. Corporate Ward-5(3), Aynambakkam – 600 095, Chennai. Tamil Nadu. [Pan: Aagcr-4875-F] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri B. Jeevarathinam, C.A ""यथ" क" ओर से /Respondent By : Shri Arv Sreenivasan, Addl. Jcit सुनवाई क" तारीख/Date Of Hearing : 07.09.2022 घोषणा क" तारीख /Date Of Pronouncement : 07.09.2022 आदेश / O R D E R Per Mahavir Singh:

depreciation was at Rs. 17,86,187/- which was disallowed ITA Nos.145 & 548/Chny/2021 :- 3 -: and added to the returned income of the assessee. This assessment was finally accepted and the assessee paid tax on the same. No appeal was preferred against the assessment. 4. Subsequently, the A.O started penalty proceedings u/s. 271

RKP POLY BAGS PVT. LIMITED,CHENNAI vs. ITO, CORPORATE WARD5(3), CHENNAI

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita No.145/Chny/2021 िनधा"रण वष" /Assessment Year: 2016-17 Shri M. Prabaharan, The Income Tax Officer, Managing Director, Vs. Corporate Ward-5(3), 389/5, Vellalar Street, Chennai. Aynambakkam – 600 095, Tamil Nadu. [Pan: Aagcr-4875-F] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No.548/Chny/2021 िनधा"रण वष" /Assessment Year: 2016-17 Rkp Poly Bags Pvt. Ltd., The Income Tax Officer, 389/5, Vellalar Street, Vs. Corporate Ward-5(3), Aynambakkam – 600 095, Chennai. Tamil Nadu. [Pan: Aagcr-4875-F] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri B. Jeevarathinam, C.A ""यथ" क" ओर से /Respondent By : Shri Arv Sreenivasan, Addl. Jcit सुनवाई क" तारीख/Date Of Hearing : 07.09.2022 घोषणा क" तारीख /Date Of Pronouncement : 07.09.2022 आदेश / O R D E R Per Mahavir Singh:

depreciation was at Rs. 17,86,187/- which was disallowed ITA Nos.145 & 548/Chny/2021 :- 3 -: and added to the returned income of the assessee. This assessment was finally accepted and the assessee paid tax on the same. No appeal was preferred against the assessment. 4. Subsequently, the A.O started penalty proceedings u/s. 271

ROCA BATHROOM PRODUCTS PRIVATE LIMITED,CHENNAI vs. DCIT LTU-1, CHENNAI

The appeal stand partly allowed to the extent indicated in the order

Bench: Hon’Ble Shri V. Durga Rao & Hon’Ble Shri Manoj Kumar Aggarwal, Am

penalty u/s 271(1)(C) pf the Act that an adjustment which has resulted from a mere difference of opinion between the learned AO / Transfer Pricing Officer ('TPO') and the Appellant. 8.2 The AO failed to appreciate that the Appellant had acted in good faith and with due diligence, and therefore it was not a case of deemed concealment

M/S TAMIZHVEL PT RAJAN COMMEMMORATION TRUST,CHENNAI vs. ITO,EXEMPTIONS, WARD-1, CHENNAI

In the result, penalty appeals also stand allowed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं./ Ita No.1087/Chny/2023 (िनधा*रणवष* / Assessment Year: 2009-10) & 2. आयकर अपील सं./ Ita No.1088/Chny/2023 (िनधा*रणवष* / Assessment Year: 2010-11) & 3. आयकर अपील सं./ Ita No.1089/Chny/2023 (िनधा*रणवष* / Assessment Year: 2011-12) & 4. आयकर अपील सं./ Ita No.1090/Chny/2023 (िनधा*रणवष* / Assessment Year: 2012-13) & 5. आयकर अपील सं./ Ita No.1091/Chny/2023 (िनधा*रणवष* / Assessment Year: 2013-14) & 6. आयकर अपील सं./ Ita No.1092/Chny/2023 (िनधा*रणवष* / Assessment Year: 2014-15) & 7. आयकर अपील सं./ Ita No.1093/Chny/2023 (िनधा*रणवष* / Assessment Year: 2015-16) & 8. आयकर अपील सं./ Ita No.1094/Chny/2023 (िनधा*रणवष* / Assessment Year: 2016-17) & 9. आयकर अपील सं./ Ita No.1095/Chny/2023 (िनधा*रणवष* / Assessment Year: 2017-18)

penalties u/s 271(1)(c) were levied by Ld. AO for these three years which are subject matter of ITA Nos.1096 to 1098/Chny/2023. 3. Appellate Proceedings 3.1 The assessee submitted certain additional evidences which were subjected to remand proceedings. On the issue of exemption of corpus donation u/s 11(1)(d), the assessee submitted that the concept of taxable service

M/S THAMIZHVEL PT RAJAN COMMEMORATION TRUST,CHENNAI vs. ITO(EXEMPTIONS) WARD-1, CHENNAI

In the result, penalty appeals also stand allowed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकर अपील सं./ Ita No.1087/Chny/2023 (िनधा*रणवष* / Assessment Year: 2009-10) & 2. आयकर अपील सं./ Ita No.1088/Chny/2023 (िनधा*रणवष* / Assessment Year: 2010-11) & 3. आयकर अपील सं./ Ita No.1089/Chny/2023 (िनधा*रणवष* / Assessment Year: 2011-12) & 4. आयकर अपील सं./ Ita No.1090/Chny/2023 (िनधा*रणवष* / Assessment Year: 2012-13) & 5. आयकर अपील सं./ Ita No.1091/Chny/2023 (िनधा*रणवष* / Assessment Year: 2013-14) & 6. आयकर अपील सं./ Ita No.1092/Chny/2023 (िनधा*रणवष* / Assessment Year: 2014-15) & 7. आयकर अपील सं./ Ita No.1093/Chny/2023 (िनधा*रणवष* / Assessment Year: 2015-16) & 8. आयकर अपील सं./ Ita No.1094/Chny/2023 (िनधा*रणवष* / Assessment Year: 2016-17) & 9. आयकर अपील सं./ Ita No.1095/Chny/2023 (िनधा*रणवष* / Assessment Year: 2017-18)

penalties u/s 271(1)(c) were levied by Ld. AO for these three years which are subject matter of ITA Nos.1096 to 1098/Chny/2023. 3. Appellate Proceedings 3.1 The assessee submitted certain additional evidences which were subjected to remand proceedings. On the issue of exemption of corpus donation u/s 11(1)(d), the assessee submitted that the concept of taxable service