S MAGESH,TIRUNELVELI vs. DCIT, CENTRAL CIRCLE-1(3), CHENNAI

In the result, appeals filed by the assessees are allowed

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 3169/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Pothiraj, Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acxpp-8538-R Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3170/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Mahesh, Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acvpm-6890-K Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3171/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Murugesh Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acvpm-6963-D Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3172/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Ashok Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax

u/s 270A cannot be levied for the addition made under deeming provisions of the Act. 6. The ITAT Delhi in the case ITO vs. Ajay Sharma (ITAT Delhi, 2017) canceled the penalty under Section 271(1)(c) for an addition made under Section 50C

S. POTHYRAJ,TIUNELVELI vs. DCIT, CENTRAL CIRCLE01(3), CHENNAI

In the result, appeals filed by the assessees are allowed

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 3169/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Pothiraj, Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acxpp-8538-R Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3170/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Mahesh, Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acvpm-6890-K Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3171/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Murugesh Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acvpm-6963-D Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3172/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Ashok Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax

u/s 270A cannot be levied for the addition made under deeming provisions of the Act. 6. The ITAT Delhi in the case ITO vs. Ajay Sharma (ITAT Delhi, 2017) canceled the penalty under Section 271(1)(c) for an addition made under Section 50C

S ASHOK,TIRUNELVEL vs. DCIT, CENTRAL CIRCLE-1(3), CHENNAI

In the result, appeals filed by the assessees are allowed

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 3169/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Pothiraj, Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acxpp-8538-R Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3170/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Mahesh, Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acvpm-6890-K Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3171/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Murugesh Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acvpm-6963-D Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3172/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Ashok Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax

u/s 270A cannot be levied for the addition made under deeming provisions of the Act. 6. The ITAT Delhi in the case ITO vs. Ajay Sharma (ITAT Delhi, 2017) canceled the penalty under Section 271(1)(c) for an addition made under Section 50C

S RAMESH,TRUNELVELI vs. DCIT, CENTRAL CIRCLE-1(3), CHENNAI

In the result, appeals filed by the assessees are allowed

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 3169/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Pothiraj, Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acxpp-8538-R Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3170/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Mahesh, Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acvpm-6890-K Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3171/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Murugesh Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax, Tirunelveli Town-627 006. Central Circle-1(3) Pan: Acvpm-6963-D Chennai. (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 3172/Chny/2024 "नधा"रण वष"/Assessment Years: 2017-18 Shri S.Ashok Deputy Commissioner # 3, North Car Street, Vs. Of Income Tax

u/s 270A cannot be levied for the addition made under deeming provisions of the Act. 6. The ITAT Delhi in the case ITO vs. Ajay Sharma (ITAT Delhi, 2017) canceled the penalty under Section 271(1)(c) for an addition made under Section 50C

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

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

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

50C while claiming carry forward of long term capital loss. For this, assessee has raised following 5 grounds :- 1. The Order of the Commissioner of Income tax (Appeals) dated 23.03.2015, confirming the levy of penalty u/s 271 (i) (c) of the Act of an amount of Rs.1,42,08,778/- u/s 271 (1) (c) is erroneous and contrary

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

Section 50C of the Act at Rs. 2,43,68,627/-. The A.O. levied penalty of Rs. 4,04,156/- u/s 271

RAGHUPATHY GOWTHAM ,CHENNAI vs. ITO NON CORPORATE WARD 16(3), CHENNAI

Bench: Shri Chandra Poojari

penalty u/s 271(1)(c) on the above enhancement. 7. For that the Learned Commissioner of Income Tax (Appeals) erred in not adjudicating the ground pertaining to levy of interest u/s 234A in consequence to the addition made by the AO. 8. For that the Learned Commissioner of Income Tax (Appeals) erred in not adjudicating the ground pertaining to levy

P. MADHAN MOHAN,ERODE vs. ITO, ERODE

In the result, the appeal of the assessee is dismissed

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

271(1)(c) is not valid. 6. The CIT(A) blindly confirmed the penalty failing to see that the same was levied without examining or enquiring the seller of the property on the actual amount paid by the assessee and which amounts to violation of natural justice 4. The brief facts of the case are that the assessee had filed

MUTHUKUMARAN RANGARAJAN,CHIDAMBARAM vs. ITO WARD 3, CUDDALORE

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

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy] आयकर अपील सं./I.T.A. Nos. 1841 & 1842/Chny/2019. "नधा"रण वष" /Assessment Years : 2013-14 & 2013-14. Muthukumaran Rangarajan, Vs. The Income Tax Officer, 149-A, Bharathidasan Ward 3, Street, Cuddalore. Kanagasabai Nagar, Chidambaram 608 001. [Pan Aabpr 6319Q] (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 50C of the Act, in ITA No.1841 & 1842 /2019 :- 7 -: the light of the fact that the sale consideration received exactly matches with the guideline value prescribed for stamp duty purpose in respect of fixed assets. Therefore, we do not find any reason to interfere with the orders of the lower authorities and we dismiss the appeal filed

MUTHUKUMARAN RANGARAJAN,CHIDAMBARAM vs. ITO WARD 3, CUDDALORE

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

Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddy] आयकर अपील सं./I.T.A. Nos. 1841 & 1842/Chny/2019. "नधा"रण वष" /Assessment Years : 2013-14 & 2013-14. Muthukumaran Rangarajan, Vs. The Income Tax Officer, 149-A, Bharathidasan Ward 3, Street, Cuddalore. Kanagasabai Nagar, Chidambaram 608 001. [Pan Aabpr 6319Q] (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 50C of the Act, in ITA No.1841 & 1842 /2019 :- 7 -: the light of the fact that the sale consideration received exactly matches with the guideline value prescribed for stamp duty purpose in respect of fixed assets. Therefore, we do not find any reason to interfere with the orders of the lower authorities and we dismiss the appeal filed

SMT. ROOPREKHA,,CHENNAI vs. ITO, NCW - 2 (3),, CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Mahavir Singh, Vice- & Shri G.Manjunathaआयकरअपीलसं./I.T.A.No.149/Chny/2020 ("नधा"रणवष" / Assessment Year: 2015-16) Mrs. Rooprekha Vs The Income Tax Officer, 4/25, R.K.Mutt Road, Mandaveli, Non-Corporate Ward-2(3) Chennai-600 028. Chennai. Pan: Adopr 8893F (अपीलाथ"/Appellant) (""यथ"/Respondent)

50C of the Act . Thereafter, the assessee has claimed exemption u/s.54 of the Act, for purchase of 3 another residential house property and thus, computed Nil capital gain from sale of house property. As regards sale of movable assets like air-conditioner, furniture and fixtures etc., the assessee has not computed any capital gain, because they are in the nature