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

long-term capital asset, not being a residential house (hereafter in this section referred to as the original asset), and the assessee has, within a period of one year before or 67[two years.] after the date on which the transfer took place 66purchased, or has within a period of three years. after that date 68 [constructed, one residential house

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

Long Term Capital\nGain (LTCG) in his return of income filed under section 139 on\nbasis of seized papers and Assessing Officer completed\nassessment by accepting said LTCG, since income assessed was\nnot greater than income determined in return processed under\nsection 143(1)(a),there was no case of under reporting of income\nas per provisions of section 270A

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

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

Long Term Capital\nGain (LTCG) in his return of income filed under section 139 on\nbasis of seized papers and Assessing Officer completed\nassessment by accepting said LTCG, since income assessed was\nnot greater than income determined in return processed under\nsection 143(1)(a),there was no case of under reporting of income\nas per provisions of section 270A

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

Long Term Capital\nGain (LTCG) in his return of income filed under section 139 on\nbasis of seized papers and Assessing Officer completed\nassessment by accepting said LTCG, since income assessed was\nnot greater than income determined in return processed under\nsection 143(1)(a),there was no case of under reporting of income\nas per provisions of section 270A

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

Long Term Capital\nGain (LTCG) in his return of income filed under section 139 on\nbasis of seized papers and Assessing Officer completed\nassessment by accepting said LTCG, since income assessed was\nnot greater than income determined in return processed under\nsection 143(1)(a),there was no case of under reporting of income\nas per provisions of section 270A

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

Long Term Capital\nGain (LTCG) in his return of income filed under section 139 on\nbasis of seized papers and Assessing Officer completed\nassessment by accepting said LTCG, since income assessed was\nnot greater than income determined in return processed under\nsection 143(1)(a),there was no case of under reporting of income\nas per provisions of section 270A

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

Long Term Capital\nGain (LTCG) in his return of income filed under section 139 on\nbasis of seized papers and Assessing Officer completed\nassessment by accepting said LTCG, since income assessed was\nnot greater than income determined in return processed under\nsection 143(1)(a),there was no case of under reporting of income\nas per provisions of section 270A

M/S.ENRICA ENTERPRISES PVT LTD,CHENNAI vs. DCIT,CENTRAL CIRCLE-3(4), CHENNAI

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha. G & Shri Manomohan Das

long term capital gains were ITA Nos.1164 & 1165/Chny/2023 :: 23 :: computed and the assessee requested for deduction under Section 54F of the Act, as the sale consideration received was utilized for purchase of a new flat, in which, the name of the assessee's wife was also included as a purchaser. The assessee further stated about the sale of livestock

M/S ENRICA ENTERPRISES PVT LTD,CHENNAI vs. DCIT,CENTRAL CIRCLE-3(4), CHENNAI

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha. G & Shri Manomohan Das

long term capital gains were ITA Nos.1164 & 1165/Chny/2023 :: 23 :: computed and the assessee requested for deduction under Section 54F of the Act, as the sale consideration received was utilized for purchase of a new flat, in which, the name of the assessee's wife was also included as a purchaser. The assessee further stated about the sale of livestock

ITO (IT), WARD 2(1), CHENNAI, CHENNAI vs. ROHITKUMAR NEMCHAND PIPARIA, CHENNAI

The appeal stands allowed for statistical purposes

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1326/Chny/2023 (िनधा*रण वष* / Assessment Year: 2008-09) Income Tax Officer Shri Rohitkumar Nemchand Piparia बनाम International Taxation Ward-2(1), #34 (Old #77), Meddox Street, / Vs. Chennai. Choolai, Chennai-600 112. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Akzpp-0661-M (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Assessee By : Shri T. Banusekar & Ms.Samyuktha Banusekar (Advocates) - Ld. Ars " थ"कीओरसे/Revenue By : Shri Nilay Baran Som (Cit) - Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 07-10-2024 घोषणाकीतारीख /Date Of Pronouncement : 31-12-2024 आदेश / O R D E R

u/s 271(1)(c). The Ld. CIT-DR further submitted that after the omission of words 'deliberately' from section 271(1)(c) of the Act, the intention of the assessee is not to be proved by the revenue. As concluded by Hon'ble Supreme Court in the case of Dharmendra Textiles (306 ITR 277), penalty u/s.271

M.KARTHIKEYAN,CHENNAI vs. ITO NON CORPORATE WARD 1(4), CHENNAI

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

long term capital gain of Rs.65,86,320/- and thereby levied minimum penalty of Rs.13,17,260/-. Aggrieved assessee preferred appeal before CIT(A). The CIT(A) confirmed the levy of penalty but directed the AO to recomputed the quantum of penalty on the sale amount of capital gains in term of order of CIT(A) in quantum appeal

MOHAMED AKBAR,CHENNAI vs. ITO, NCC-10(3), CHENNAI

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

Bench: Shri Ss Viswanethra Ravi & Shri Ratnesh Nandan Sahaymohamed Akbar, I.T.O., 2/2 1St St., Gf, Apt No. 2, Vs. Non-Corporate Circle 10(3), Jamalia Perambur High Road, Chennai. Chennai-12 Pan No. Afepa 3815 Q Appellant/ Assessee Respondent/ Revenue

Long term capital gains in the hands of the assessee. The A.O. had rightly taxed as such. Further, assessee's contention of not filing further appeal and payment of the income taxes genuinely are no ground for relief from penalty. 6. It is also worthwhile to mention here that the above arrangement by the assessee in respect of which addition

T.L. SRITHARAN,CHENNAI vs. ACIT, NCC-14,, CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.2634/Chny/2025 िनधा;रण वष; /Assessment Year: 2014-15 T.L. Sritharan, The Asst. Commissioner Of New No.13, Old No.1, Vs. Income Tax, Swaminathan Street, Non Corporate Circle-14, West Mambalam, Chennai. Chennai – 600 033. Pan: Aepps 6766J

Long- Term Capital Gain (LTCG). The capital loss was computed on the exchange of plots. The Assessing Officer (A.O.) re-computed the capital gains on the exchange of plots by applying the provisions of Section 50C of the Act at Rs. 2,43,68,627/-. The A.O. levied penalty of Rs. 4,04,156/- u/s 271

DILIP KAPUR,PONDICHERRY vs. ACIT, NFAC, CIRCLE 1 , PONDICHERRY

In the result the appeal of the assessee is allowed

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 984/Chny/2024 िनधा"रणवष" / Assessment Year: 2014-15 Dilip Kapur The Assistant Commissioner Of 7, Saint Martin Street, Income Tax, Pondicherry (Ut), Circle -1, Pondicherry – 605 001. Pondicherry – 605 003. [Pan: Adspd-4530-H ] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. Vikram Vijayaraghavan, Advocate ""यथ"क"ओरसे/Respondent By : Ms. R. Anita, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 22.08.2024 घोषणा क" तारीख/Date Of Pronouncement : 06.11.2024

gain on sale of debt fund in respect of 10 transactions as exempt u/s 10(38) instead of claiming it as loss. The 10 mutual funds resulted in a loss only and the loss has not been claimed in the return filed u/s 148 by the assessee. Reliance placed on bonafide/inadvertent error, penalty not leviable

SENGODA GOUNDER HUF, SALEM,SALEM vs. DCIT, CIRCLE-1, SALEM, SALEM

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

Bench: Shri Manjunatha. G & Shri Manomohan Dasआयकर अपील सं./Ita No.1179/Chny/2023 िनधा(रण वष( /Assessment Year: 2010-11 Sengoda Gounder Huf, The Dy. Commissioner Of 6, Backside Of Collector’S Vs. Income Tax, Bungalow, Hasthampatti, Circle-1, Salem – 636 007. Salem. [Pan: Aayhs-3071-F] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri T. Vasudevan, Advocate ""यथ" क" ओर से /Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई क" तारीख/Date Of Hearing : 15.02.2024 घोषणा क" तारीख /Date Of Pronouncement : 15.03.2024

long term capital gain made by him. The ld. AO however, rejected the objection of the assessee and vide order dated 12-12-2019 made an addition of Rs. 60,57,962/- to the total income of the assessee. :- 4 -: Being aggrieved, the assessee filed 1st appeal before the ld. 6. CIT(A). The ld. CIT(A) vide order dated

ACHALA PUNJA,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX NON CORPORATE CIRCLE 3(1), CHENNAI

In the result, the appeal of the assessee stands allowed

penalty of Rs 61,31,504/- levied u/s 271(1)(c) be\ndeleted and justice rendered.\nThe brief facts of the case are that the assessee, an individual, filed her\nreturn of income for the A.Y.2014-15 u/s.139(1) of the Act on 30.07.2014,\ndeclaring a total income of Rs.49,02,590/-. In the said return, the assessee\nclaimed exemption u/s.54

MELAKANDY PUTHALATH FAROOK,CHENNAI vs. ACIT, CORPORATE CIRCLE-2(1), CHENNAI

The appeal stands partly allowed in terms of our above order

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1890/Chny/2024 (िनधा*रणवष* / Assessment Year: 2017-18) Shri Melekandy Puthalath Farook Acit बनाम/ Faraz No.9 Sbi Colony, Corporate Circle-2(1) Vs. Sastri Nagar, Adyar, Chennai-600 020. Chennai. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaapf-2644-P (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri D. Anand (Advocate) - Ld. Ar " थ"कीओरसे/Respondent By : Ms. R. Anita (Addl.Cit) -Ld. Sr. Dr

Long Term Capital Gains (LTCG) was not offered to tax. The Ld. AO computed LTCG of Rs.112.06 Lacs and framed the assessment. Consequently, in the assessment order, Ld. AO initiated penalty u/s 270A for misreporting of income. 4. During penalty proceedings, a show-cause notice was issued to the assessee u/s 274 r.w.s. 270A on 18-12-2019, a copy

PADAM J CHALANI,CHENNAI vs. ACIT,CENTRALCIRCLE-3(4), CHENNAI

The appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri V. Durga Rao, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपीलसं./ Ita No.602/Chny/2023 (िनधा"रणवष" / Assessment Year: 2013-14) Shri Padam J. Challani, Acit बनाम/ Vs. No.23/1, Habibullah Road, T.Nagar, Central Circle-3(4), Chennai-600 017. Chennai. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aekpc-1816-N (अपीलाथ"/Appellant) : (!"थ" / Respondent) अपीलाथ" कीओरसे/ Appellant By : Shri D. Anand (Advocate)- Ld.Ar !"थ"कीओरसे/Respondent By : Shri Ar.V.Sreenivasan (Addl.Cit)-Ld. Sr. Dr सुनवाई की तारीख/Date Of Hearing : 11-12-2023 घोषणा की तारीख /Date Of Pronouncement : 16-01-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

u/s 271(1)(c) for the alleged LTCG on enhanced amounts of articles without disposing off the sources furnished and documentary evidence thereof submitted by the Appellant, including but not limited to relevant Wealth Tax and Income Tax returns, Invoices of purchase of the impugned articles, etc. 5. The Learned CIT(A) arbitrarily disallowed claimed amounts of the impugned articles

SILUVAIKANI CHELLIAH,CHENGALPATTU vs. ITO, NCW-22(6),, TAMBARAM

In the result, appeal filed by the assessee is allowed

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

long term capital gains at Rs.22,79,080/-. 4. Subsequently, penalty proceedings u/s.271D of the Act were initiated by issuance of a show cause notice u/s.274 r.w.s 271D of the Act, dated 16.06.2022, by the Joint Commissioner of Income Tax, Non-Corporate Range- :-3-: ITA. No.:2655 /Chny/2024 22, Chennai (TBM). The said proceedings were later assigned