S. ARAVIND,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

K. BASKAR,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

P. NALLUSAMY,KARUR vs. ITO, WARD-1, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

K. KATHIRVEL,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

M. VELUSAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

RAMASAMY PALANISAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

P. KARUNANITHI,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

K. SADASIVAM,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

K. BASKAR,KARUR vs. ITO, WARD-1, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

R.EASWARAMOORTHY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

M. NATESAN,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

S. EASWARAMOORTHY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

RAMASAMY PALANISAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

Bench: Shri Aby T. Varkey & Shri Jagadish

survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the Meanwhile, a survey u/s 133A was conducted at the premises of the above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During the survey proceedings, sworn above trust on 23.01.2013 During

PALANISAMY GOUNDER LOGANATHAN,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals stand allowed

Penalty proceedings u/s\n271(1)(c) is initiated separately."[Emphasis given by us]\n27.\nFrom the above observations made in the original assessment\norder, it is amply evident that, the impounded material, referred to in the\nrecorded reasons, was already considered while completing the original\nassessment and clearly there was no fresh tangible material available with\nthe

SRI MAHARANI FINANCE CORPORATION,THIRUCHENGODE vs. DCIT, CENTRAL CIRCLE, SALEM

The appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.1264/Chny/2023 (िनधा;रणवष; / Assessment Year: 2016-17) & 2. आयकरअपील सं./ Ita No.1261/Chny/2023 (िनधा;रणवष; / Assessment Year: 2017-18) & 3. आयकरअपील सं./ Ita No.1262/Chny/2023 (िनधा;रणवष; / Assessment Year: 2018-19) Sri Maharani Finance Corporation Dcit बनाम/ 24A, Velur Road, Central Circle, Vs. Tiruchengode-637 211. Salem. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aahfs-0488-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओरसे/ Appellant By : Shri N. Arjun Raj (Ca)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Ar V Sreenivasan (Addl.Cit)-Ld. Sr. Dr सुनवाई की तारीख/Date Of Hearing : 16-05-2024 घोषणा की तारीख /Date Of Pronouncement : 03-06-2024 आदेश / O R D E R Per Bench: 1. Aggrieved By Confirmation Of Certain Penalty In Captioned Assessment Years, The Assessee Is In Further Appeal Before Us. First, We Take Up Ita No.1264/Chny/2023 For Ay 2016-17 Which Arises Out Of The Order Of Learned Commissioner Of Income Tax (Appeals)-20, Chennai

271(1)(c) vide order dated 30-09-2022. 2. Facts leading the levy of penalty are that the assessee-firm is stated to be engaged in the money lending business. Pursuant to survey action u/s 133A

SRI MAHARANI FINANCE CORPORATION ,THIRUCHENGODE vs. DCIT CENTRAL CIRCLE, SALEM

The appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.1264/Chny/2023 (िनधा;रणवष; / Assessment Year: 2016-17) & 2. आयकरअपील सं./ Ita No.1261/Chny/2023 (िनधा;रणवष; / Assessment Year: 2017-18) & 3. आयकरअपील सं./ Ita No.1262/Chny/2023 (िनधा;रणवष; / Assessment Year: 2018-19) Sri Maharani Finance Corporation Dcit बनाम/ 24A, Velur Road, Central Circle, Vs. Tiruchengode-637 211. Salem. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aahfs-0488-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओरसे/ Appellant By : Shri N. Arjun Raj (Ca)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Ar V Sreenivasan (Addl.Cit)-Ld. Sr. Dr सुनवाई की तारीख/Date Of Hearing : 16-05-2024 घोषणा की तारीख /Date Of Pronouncement : 03-06-2024 आदेश / O R D E R Per Bench: 1. Aggrieved By Confirmation Of Certain Penalty In Captioned Assessment Years, The Assessee Is In Further Appeal Before Us. First, We Take Up Ita No.1264/Chny/2023 For Ay 2016-17 Which Arises Out Of The Order Of Learned Commissioner Of Income Tax (Appeals)-20, Chennai

271(1)(c) vide order dated 30-09-2022. 2. Facts leading the levy of penalty are that the assessee-firm is stated to be engaged in the money lending business. Pursuant to survey action u/s 133A

SRI MAHARANI FINANCE CORPORATON,THIRUCHENGODE vs. DCIT, CENTRAL CIRCLE, SALEM

The appeal stand allowed in terms of our above order

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.1264/Chny/2023 (िनधा;रणवष; / Assessment Year: 2016-17) & 2. आयकरअपील सं./ Ita No.1261/Chny/2023 (िनधा;रणवष; / Assessment Year: 2017-18) & 3. आयकरअपील सं./ Ita No.1262/Chny/2023 (िनधा;रणवष; / Assessment Year: 2018-19) Sri Maharani Finance Corporation Dcit बनाम/ 24A, Velur Road, Central Circle, Vs. Tiruchengode-637 211. Salem. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aahfs-0488-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओरसे/ Appellant By : Shri N. Arjun Raj (Ca)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Ar V Sreenivasan (Addl.Cit)-Ld. Sr. Dr सुनवाई की तारीख/Date Of Hearing : 16-05-2024 घोषणा की तारीख /Date Of Pronouncement : 03-06-2024 आदेश / O R D E R Per Bench: 1. Aggrieved By Confirmation Of Certain Penalty In Captioned Assessment Years, The Assessee Is In Further Appeal Before Us. First, We Take Up Ita No.1264/Chny/2023 For Ay 2016-17 Which Arises Out Of The Order Of Learned Commissioner Of Income Tax (Appeals)-20, Chennai

271(1)(c) vide order dated 30-09-2022. 2. Facts leading the levy of penalty are that the assessee-firm is stated to be engaged in the money lending business. Pursuant to survey action u/s 133A

REDINGTON DISTRIBUTIONS PTE LTD.,SINGAPORE vs. ACIT, INTL TAXN CIRCLE-2(1), CHENNAI

In the result, all the appeals of the assessee are allowed

Bench: Shri Aby T. Varkey & Shri S.R.Raghunatha

penalty which was levied by the AO under section 271(1)(c) of the Act on the same facts and circumstances and accordingly claimed that the impugned issue was squarely covered in favour of the assessee. Per contra, the Ld. DR vehemently supported the order of the lower authorities and didn’t agree that the lis in question was covered