DCIT, CENTRALCIRCLE-2(2), CHENNAI vs. SUBRAMANIAM THANU, CHENNAI
In the result, all the appeals filed by the Revenue as well as Cross
ITA 787/CHNY/2023[2016-17]Status: DisposedITAT Chennai13 Mar 2024AY 2016-17
Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.785, 786, 787 & 788/Chny/2023 िनधा"रण वष"/Assessment Years: 2015-16 & 2016-17 & C.O. Nos. 40, 41, 42 & 43/Chny/2023 (In I.T.A. Nos.785 To 788/Chny/2023)
For Respondent: Shri A. Sasi Kumar, CIT
Section 132Section 269SSection 269TSection 271(1)(c)Section 271DSection 271E
penalty proceedings u/s 271(1)(c) of the Act.
3. Subsequently, Ld. AO, vide letter dated 15.03.2021, intimated to the appropriate authority that the assessee received a sum of Rs.17,00,00,000/- as loan on various dates from Shri Anbuchezhiyan.
The receipts of loan by way of cash was in violation of section
