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7 results for “penalty u/s 271”+ Section 69Bclear

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Key Topics

Section 6918Unexplained Investment7Penalty7Addition to Income7Section 69A6Section 133A4Section 271(1)(b)4Section 69B3Section 1323

DCIT, CHENNAI vs. JAGATHRAKSKAN SRINISHA, CHENNAI

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

ITA 1253/CHNY/2025[2017-18]Status: DisposedITAT Chennai18 Nov 2025AY 2017-18

Bench: Shri Aby T Varkey & Shri S.R.Raghunathaआयकर अपील सं./Ita Nos.: 1253, 1264 & 1271/Chny/2025 निर्धारण वर्ष / Assessment Year: 2017-18 Dcit, Central Circle -2(3), Chennai. (अपीलार्थी/Appellant) Vs. Jagathrakshakan Srinisha, 1St Main Road, Adyar, Besant Nagar, Chennai - 600 020. Tamil Nadu. [Pan: Abfps-1422-E] (प्रत्यर्थी/Respondent) निर्धारिती की ओर से/Assessee By : Shri. B. Ramakrishnan, Fca & Shri. Shrenik Chordia, Ca. राजस्व की ओर से / Revenue By : Shri. C.N. Bipin, C.I.T. सुनवाई की तारीख /Date Of Hearing : 07.11.2025 घोषणा की तारीख/Date Of Pronouncement : 18.11.2025 आदेश /Order Per S.R.Raghunatha, Am: The Present Appeal Is Preferred By The Revenue Against The Order Dated 06.02.2025 Passed By The Commissioner Of Income Tax (Appeals)-19 (Hereinafter Referred To As Ld.Cit(A), Chennai, In Respect Of The Assessment Order Dated 01.03.2019 Passed By The Deputy Commissioner Of Income Tax, Central Circle -2(3) (Hereinafter Referred To As Ao) For The Assessment Year 2017-18 (Hereinafter Referred To As The Impugned Assessment Year) U/S.143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As The Act). :-2-:

For Appellant: Shri. B. Ramakrishnan, FCA &For Respondent: Shri. C.N. Bipin, C.I.T
Section 131Section 132Section 143(3)Section 154
Section 153C2
Section 69C2
Unexplained Money2
Section 270A

69B, section 69C or section 69D to the extent such income has been included by the assessee in the return of income furnished under section 139 and the tax in accordance with the provisions of clause (i) of sub-section (1) of section 115BBE has been paid on or before the end of the relevant previous year. (2) No penalty

JAY FARM HOUSE,CHENNAI vs. ACIT, CHENNAI

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

ITA 308/CHNY/2011[1997-98]Status: DisposedITAT Chennai16 Nov 2016AY 1997-98

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

For Appellant: Shri G.Seetharaman, Chartered AccountantFor Respondent: Shri T.R.Senthil Kumar, Standing Counsel
Section 271(1)(b)Section 69A

69B, is required to be made, the Assessing Officer may refer the matter to the Valuation Officer for estimating the said value and reporting the matter to him. Sub-section (2) stipulates that the Valuation Officer to whom the reference is made under sub-section (1) shall, have all the powers similar to section 38A of the Wealth

JAY FARM HOUSE,CHENNAI vs. ACIT, CHENNAI

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

ITA 306/CHNY/2011[1995-96]Status: DisposedITAT Chennai16 Nov 2016AY 1995-96

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

For Appellant: Shri G.Seetharaman, Chartered AccountantFor Respondent: Shri T.R.Senthil Kumar, Standing Counsel
Section 271(1)(b)Section 69A

69B, is required to be made, the Assessing Officer may refer the matter to the Valuation Officer for estimating the said value and reporting the matter to him. Sub-section (2) stipulates that the Valuation Officer to whom the reference is made under sub-section (1) shall, have all the powers similar to section 38A of the Wealth

JAY FARM HOUSE,CHENNAI vs. ACIT, CHENNAI

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

ITA 307/CHNY/2011[1996-97]Status: DisposedITAT Chennai16 Nov 2016AY 1996-97

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

For Appellant: Shri G.Seetharaman, Chartered AccountantFor Respondent: Shri T.R.Senthil Kumar, Standing Counsel
Section 271(1)(b)Section 69A

69B, is required to be made, the Assessing Officer may refer the matter to the Valuation Officer for estimating the said value and reporting the matter to him. Sub-section (2) stipulates that the Valuation Officer to whom the reference is made under sub-section (1) shall, have all the powers similar to section 38A of the Wealth

M/S. J FARM HOUSE,CHENNAI vs. ACIT, CHENNAI

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

ITA 309/CHNY/2011[2003-04]Status: DisposedITAT Chennai16 Nov 2016AY 2003-04

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

For Appellant: Shri G.Seetharaman, Chartered AccountantFor Respondent: Shri T.R.Senthil Kumar, Standing Counsel
Section 271(1)(b)Section 69A

69B, is required to be made, the Assessing Officer may refer the matter to the Valuation Officer for estimating the said value and reporting the matter to him. Sub-section (2) stipulates that the Valuation Officer to whom the reference is made under sub-section (1) shall, have all the powers similar to section 38A of the Wealth

SARANGABANI KIRUBAGARAN,CHENNAI vs. DCIT, CIRCLE-1(2), CHENNAI

The appeal stand allowed in terms of our above order

ITA 1236/CHNY/2023[2013-14]Status: DisposedITAT Chennai04 Sept 2024AY 2013-14

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1236/Chny/2023 (िनधा)रण वष) / Assessment Year: 2013-14) Shri Sarangabani Kirubakaran Dcit बनाम/ 17/6, First Pillayar Koil Street, Circle-1(2) Vs. Ekkatuthangal, Chennai-600 032. Chennai. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Bumpk-0892-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Ms.T.V. Muthu Abirami (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Nilay Baran Som (Cit) -Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 25-07-2024 घोषणाकीतारीख /Date Of Pronouncement : 04-09-2024 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2013-14 Arises Out Of The Common Order Of Learned Commissioner Of Income Tax (Appeals)-18, Chennai, [Cit(A)] Dated 13-09-2023 In The Matter Of An Assessment Framed By The Ld. Ao U/S.153C R.W.S. 153A R.W.S. 143(3) Of The Act On 31-03-2022. The Only Grievance Of The Assessee Is Confirmation Of Addition U/S 69 For Rs.30 Lacs & Assessment Of Short- Term Capital Gain (Stcg) For Rs.12.19 Lacs. 2. The Ld Ar Advanced Arguments & Submitted That Impugned Addition Of Rs.30 Lacs U/S 69 Represent Advance Received Through

For Appellant: Ms.T.V. Muthu Abirami (Advocate)-Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) -Ld. DR
Section 132Section 133ASection 153CSection 271(1)(c)Section 69Section 69ASection 69BSection 69C

Penalty proceedings u/s 271(1)(c) is initiated separately. The Ld. CIT(A) has confirmed the same. 4. Quite clearly, Ld. AO has made addition of credit receipt in bank account of the assessee on the ground that the assessee failed to adduce supporting documents. The amount thus received by the assessee has been treated as unexplained investment u/s

SARANGABANI KIRUBAGARAN,CHENNAI vs. DCIT, CIRCLE-1(2), CHENNAI

The appeal stand allowed in terms of our above order

ITA 1238/CHNY/2023[2015-16]Status: DisposedITAT Chennai04 Sept 2024AY 2015-16

Bench: SHRI MAHAVIR SINGH (Vice President), SHRI MANOJ KUMAR AGGARWAL (Accountant Member)

For Appellant: Ms.T.V. Muthu Abirami (Advocate)-Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) -Ld. DR
Section 132Section 133ASection 153CSection 271(1)Section 69Section 69ASection 69BSection 69C

Penalty proceedings u/s 271(1)© is initiated separately. The Ld. CIT(A) has confirmed the same. 4. Quite clearly, Ld. AO has made addition of credit receipt in bank account of the assessee on the ground that the assessee failed to adduce supporting documents. The amount thus received by the assessee has been treated as unexplained investment u/s