DCIT, CHENNAI vs. JAGATHRAKSHAKAN SRINISHA, CHENNAI

In the result, the appeals filed by the Revenue in I

227 CTR 313 (SC)[19-\n11-2009], the Hon'ble Supreme Court held as under:\n\"The judgment of Sahney Steel & Press Works Ltd.'s case (supra) was based\non a detailed examination of the Subsidy Scheme formulated by the\nGovernment of Andhra Pradesh. It stated that incentives would not be available\nunless and until production had commenced. In that

DCIT, CHENNAI vs. JAGATHRAKSHAKAN SRINISHA, CHENNAI

In the result, the appeals filed by the Revenue in I

227 CTR 313 (SC)[19-\n11-2009], the Hon'ble Supreme Court held as under:\n\"The judgment of Sahney Steel & Press Works Ltd.'s case (supra) was based\non a detailed examination of the Subsidy Scheme formulated by the\nGovernment of Andhra Pradesh. It stated that incentives would not be available\nunless and until production had commenced. In that

NAGARJUNA OIL CORPORATION LTD.,CHENNAI vs. ACIT CORPORATE CIRCLE 4(2), CHENNAI

In the result, the appeals filed by the assessee in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

227 ITR 172)(SC). In the case of Autokast Ltd., it was observed that interest on money borrowed for purchase of Plant & Machinery and placed in Short Term Deposit with bank till payment was made and used in bill discounting was taxable as income from other sources. In the case of Tuticorin Alkali Chemicals & Fertilizers Ltd., the Hon. Supreme Court

NAGARJUNA OIL CORPORATION LTD.,CHENNAI vs. ACIT CORPORATE CIRCLE 4(2), CHENNAI

In the result, the appeals filed by the assessee in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

227 ITR 172)(SC). In the case of Autokast Ltd., it was observed that interest on money borrowed for purchase of Plant & Machinery and placed in Short Term Deposit with bank till payment was made and used in bill discounting was taxable as income from other sources. In the case of Tuticorin Alkali Chemicals & Fertilizers Ltd., the Hon. Supreme Court

DCIT CORPORATE CIRCLE 4(2), CHENNAI vs. NAGARJUNA OIL CORPORATION LTD., CHENNAI

In the result, the appeals filed by the assessee in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

227 ITR 172)(SC). In the case of Autokast Ltd., it was observed that interest on money borrowed for purchase of Plant & Machinery and placed in Short Term Deposit with bank till payment was made and used in bill discounting was taxable as income from other sources. In the case of Tuticorin Alkali Chemicals & Fertilizers Ltd., the Hon. Supreme Court

DCIT CORPORATE CIRCLE 4(2), CHENNAI vs. NAGARJUNA OIL CORPORATION LTD., CHENNAI

In the result, the appeals filed by the assessee in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

227 ITR 172)(SC). In the case of Autokast Ltd., it was observed that interest on money borrowed for purchase of Plant & Machinery and placed in Short Term Deposit with bank till payment was made and used in bill discounting was taxable as income from other sources. In the case of Tuticorin Alkali Chemicals & Fertilizers Ltd., the Hon. Supreme Court

RBL HOTELS PVT LTD(FORMERLY KNOWN YS LEBARA HOTELS PVT LTD,CHENNAI vs. ACIT, CORP CIR-4(1), CHENNAI

The appeal stands allowed

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

u/s 143(3) for AY 2013-14. 2. The Registry has noted delay of 327 days in both the appeals, the condonation of which has been sought by the assessee on the strength of condonation petition as accompanied by affidavit of the authorized signatory of the assessee company. It has been submitted that Lebara group went through restructuring

RBL HOTELS PVT LTD(FORMERLY KNOWN YS LEBARA HOTELS PVT LTD,CHENNAI vs. ACIT, CORP CIR-4(1), CHENNAI

The appeal stands allowed

Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am

u/s 143(3) for AY 2013-14. 2. The Registry has noted delay of 327 days in both the appeals, the condonation of which has been sought by the assessee on the strength of condonation petition as accompanied by affidavit of the authorized signatory of the assessee company. It has been submitted that Lebara group went through restructuring

DCIT , CENTRAL CIRCLE - 3, COIMBATORE vs. SMT.VANITHA MOHAN, COIMBATRE

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

Bench: Shri Aby T. Varkey & Shri S.R.Raghunathaआयकर अपील सं./ Ita No.267/Chny/2022 िनधा"रण वष"/Assessment Year: 2013-14 V. Shri D. Vijay Mohan, The Dcit, No.232, Tea Estates, Central Circle-3, Race Course Road, Coimbatore. Coimbatore-641 018. [Pan: Aatpm 1202 F] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./ Ita No.268/Chny/2022 िनधा"रण वष"/Assessment Year: 2013-14

227 (Rajasthan); and several other decisions of this Tribunal, the Ld. CIT-DR thus contended that such retraction was not admissible. According to him, the AO had given elaborate reasoning as to why the additional income offered by way of loan & interest income from Shri Yousuf could not be adjusted/set-off against the admitted unaccounted investment of Rs.5.42 crores and thus

DCIT , CENTRAL CIRCLE - 3, COIMBATORE vs. SHRI D VIJAY MOHAN, COIMBATORE

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

Bench: Shri Aby T. Varkey & Shri S.R.Raghunathaआयकर अपील सं./ Ita No.267/Chny/2022 िनधा"रण वष"/Assessment Year: 2013-14 V. Shri D. Vijay Mohan, The Dcit, No.232, Tea Estates, Central Circle-3, Race Course Road, Coimbatore. Coimbatore-641 018. [Pan: Aatpm 1202 F] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./ Ita No.268/Chny/2022 िनधा"रण वष"/Assessment Year: 2013-14

227 (Rajasthan); and several other decisions of this Tribunal, the Ld. CIT-DR thus contended that such retraction was not admissible. According to him, the AO had given elaborate reasoning as to why the additional income offered by way of loan & interest income from Shri Yousuf could not be adjusted/set-off against the admitted unaccounted investment of Rs.5.42 crores and thus

VANITHA MOHAN,COIMBATORE vs. DCIT CENTRAL CIRCLE-3, COIMBATORE

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

Bench: Shri Aby T. Varkey & Shri S.R.Raghunathaआयकर अपील सं./ Ita No.267/Chny/2022 िनधा"रण वष"/Assessment Year: 2013-14 V. Shri D. Vijay Mohan, The Dcit, No.232, Tea Estates, Central Circle-3, Race Course Road, Coimbatore. Coimbatore-641 018. [Pan: Aatpm 1202 F] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./ Ita No.268/Chny/2022 िनधा"रण वष"/Assessment Year: 2013-14

227 (Rajasthan); and several other decisions of this Tribunal, the Ld. CIT-DR thus contended that such retraction was not admissible. According to him, the AO had given elaborate reasoning as to why the additional income offered by way of loan & interest income from Shri Yousuf could not be adjusted/set-off against the admitted unaccounted investment of Rs.5.42 crores and thus

VIJAY MOHAN,COIMBAORE vs. DCIT, CENTRAL CIRCLE-(3)(I/C), COIMBATORE

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

Bench: Shri Aby T. Varkey & Shri S.R.Raghunathaआयकर अपील सं./ Ita No.267/Chny/2022 िनधा"रण वष"/Assessment Year: 2013-14 V. Shri D. Vijay Mohan, The Dcit, No.232, Tea Estates, Central Circle-3, Race Course Road, Coimbatore. Coimbatore-641 018. [Pan: Aatpm 1202 F] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./ Ita No.268/Chny/2022 िनधा"रण वष"/Assessment Year: 2013-14

227 (Rajasthan); and several other decisions of this Tribunal, the Ld. CIT-DR thus contended that such retraction was not admissible. According to him, the AO had given elaborate reasoning as to why the additional income offered by way of loan & interest income from Shri Yousuf could not be adjusted/set-off against the admitted unaccounted investment of Rs.5.42 crores and thus