DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, CHENNAI

In the result, all the six appeals of the Revenue are\ndismissed

penalty proceedings\nu/s.271AAB(1A) of the Act by issuing show cause notice u/s.274\nr.w.s 271AAB of the Act on 27.03.2022.\n86.\n87. The AO show caused the assessee requiring to explain as to\nwhy penalty u/s.271AAB(1A) of the Act should not be levied in\nrespect of the undisclosed income amounting to Rs.4,42,15,889/-\nwhich formed part

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, TIRUVANNAMALAI

penalty proceedings\nu/s.271AAB(1A) of the Act by issuing show cause notice u/s.274\nr.w.s 271AAB of the Act on 27.03.2022.\n87.\nThe AO show caused the assessee requiring to explain as to\nwhy penalty u/s.271AAB(1A) of the Act should not be levied in\nrespect of the undisclosed income amounting to Rs.4,42,15,889/-\nwhich formed part

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, THIRUVANNAMALAI

penalty proceedings\nu/s.271AAB(1A) of the Act by issuing show cause notice u/s.274\nr.w.s 271AAB of the Act on 27.03.2022.\n87.\nThe AO show caused the assessee requiring to explain as to\nwhy penalty u/s.271AAB(1A) of the Act should not be levied in\nrespect of the undisclosed income amounting to Rs.4,42,15,889/-\nwhich formed part

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. ETHIRAJULU VAJRAVEL KUMARAN, THIRUVANNAMALAI

In the result, all the six appeals of the Revenue are\ndismissed

penalty proceedings\nu/s.271AAB(1A) of the Act by issuing show cause notice u/s.274\nr.w.s 271AAB of the Act on 27.03.2022.\n87.\nThe AO show caused the assessee requiring to explain as to\nwhy penalty u/s.271AAB(1A) of the Act should not be levied in\nrespect of the undisclosed income amounting to Rs.4,42,15,889/-\n, which formed part

SHRI V. NATARAJAN (INDIVIDUAL),RASIPURAM vs. ACIT, CENTRAL CIRCLE,, SALEM

In the result, both the appeals of assessee in ITA No

Bench: Shri Manu Kumar Giri & Shri Jagadishआयकर अपील सं./Ita Nos.1535 & 1801/Chny/2024 ननिाारण वर्ा/Assessment Years: 2016-17 & 2015-16 V. Varadappan Natarajan/ The Acit, V. Natarajan (Individual), Central Circle, No.64-C, Rotary Nagar, Salem. Rasipuram Tamil Nadu-637 408. [Pan: Acgpn1477Q] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.T.S. Lakshmi Venkataraman, Fca (Virtual) प्रत्यर्थी की ओर से /Respondent By : Mr.Shiva Srinivas, Cit सुनवाईकीतारीख/Date Of Hearing : 09.10.2025 घोर्णाकीतारीख /Date Of Pronouncement : 31.10.2025

money found to have been received by an assessee, is on the assessee. Once the assessee has submitted the documents relating to identity, genuineness of the transaction, and credit- worthiness, then the AO must conduct an inquiry, and call for more details before invoking Section 68. If the Assessee is not able to provide a satisfactory explanation of the nature

VARADAPPAN NATARAJAN,RASIPURAM vs. ACIT, CENTRAL CIRCLE,, SALEM

In the result, both the appeals of assessee in ITA No

Bench: Shri Manu Kumar Giri & Shri Jagadishआयकर अपील सं./Ita Nos.1535 & 1801/Chny/2024 ननिाारण वर्ा/Assessment Years: 2016-17 & 2015-16 V. Varadappan Natarajan/ The Acit, V. Natarajan (Individual), Central Circle, No.64-C, Rotary Nagar, Salem. Rasipuram Tamil Nadu-637 408. [Pan: Acgpn1477Q] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.T.S. Lakshmi Venkataraman, Fca (Virtual) प्रत्यर्थी की ओर से /Respondent By : Mr.Shiva Srinivas, Cit सुनवाईकीतारीख/Date Of Hearing : 09.10.2025 घोर्णाकीतारीख /Date Of Pronouncement : 31.10.2025

money found to have been received by an assessee, is on the assessee. Once the assessee has submitted the documents relating to identity, genuineness of the transaction, and credit- worthiness, then the AO must conduct an inquiry, and call for more details before invoking Section 68. If the Assessee is not able to provide a satisfactory explanation of the nature

DCIT, CHENNAI vs. JAGATHRAKSKAN SRINISHA, CHENNAI

money, bullion, jewellery or other valuable article or thing belong or\nbelongs to such person & the onus is on the assessee to furnish evidence or\nexplanations to rebut the same.\n3. The Ld.CIT(A) failed to appreciate in the quantum appeal that the onus is on the\nassessee to prove the claim that the jewellery in contention

ANOTRA REALATORS PRIVATE LIMITED,CHENNAI vs. PCIT (CENTRAL)- 1, CHENNAI

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

unexplained money u/s\n69A of the Income Tax Act, 1961 in the hands of the assessee company and\nit is liable to be added to their total income.\nAddition: Rs.5,18,49,128/-\nPenalty proceedings u/s 271AAC are initiated separately.\nSubsequently, vide para 6 also he initiated penalty proceedings as\nunder: -\n\"6. Penalty proceedings u/s 271AAC are initiated separately

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 on 19-02-2020, the case for this year was reopened and an assessment was framed u/s

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 on 19-02-2020, the case for this year was reopened and an assessment was framed u/s

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 on 19-02-2020, the case for this year was reopened and an assessment was framed u/s

MUTHUSAMY SAKTHIVEL,ERODE vs. ITO, WARD-1(1), ERODE

In the result, the appeals of the assessee are decided as under:-

Bench: Shri Aby T Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1486/Chny/2024, Assessment Years: 2013-14 आयकर अपील सं./Ita No.1487/Chny/2024, Assessment Years: 2013-14

unexplained money u/s. 69A. Before the Ld. First Appellate Authority the assessee had contended that the Ld.AO ought to have considered its profits in earlier years. The Ld. CIT(A) concluded that the assessee has not availed tendered opportunities and that its compliance was inadequate. Consequently, he did not acceded to the request of setting aside the case

MUTHUSAMY SAKTHIVEL,ERODE vs. ITO, WARD-1(1), ERODE

In the result, the appeals of the assessee are decided as under:-

Bench: Shri Aby T Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1486/Chny/2024, Assessment Years: 2013-14 आयकर अपील सं./Ita No.1487/Chny/2024, Assessment Years: 2013-14

unexplained money u/s. 69A. Before the Ld. First Appellate Authority the assessee had contended that the Ld.AO ought to have considered its profits in earlier years. The Ld. CIT(A) concluded that the assessee has not availed tendered opportunities and that its compliance was inadequate. Consequently, he did not acceded to the request of setting aside the case

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

The appeal stand allowed in terms of our above order

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

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

DCIT, CHENNAI vs. JAGATHRAKSHAKAN SRINISHA, CHENNAI

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

money, bullion, jewellery or other valuable article or thing belong or\nbelongs to such person & the onus is on the assessee to furnish evidence or\nexplanations to rebut the same.\n3. The Ld.CIT(A) failed to appreciate in the quantum appeal that the onus is on the\nassessee to prove the claim that the jewellery in contention

DCIT, CHENNAI vs. JAGATHRAKSHAKAN SRINISHA, CHENNAI

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

money, bullion, jewellery or other valuable article or thing belong or\nbelongs to such person & the onus is on the assessee to furnish evidence or\nexplanations to rebut the same.\n3. The Ld.CIT(A) failed to appreciate in the quantum appeal that the onus is on the\nassessee to prove the claim that the jewellery in contention

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

The appeal stand allowed in terms of our above order

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

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

THE IMMACULATE HEART OF MARY'S SOCIETY,MADURAI vs. ITO EXEMPTIONS, MADURAI

In the result, all the three appeals filed by the assessee is allowed for statistical purposes

Bench: Shri Manu Kumar Giri, Hon’Ble Judicial Membe & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita Nos.: 968, 969 & 970/Chny/2024 िनधा"रणवष" / Assessment Year: 2014-15 Income Tax Officer, The Immaculate Heart Of V. Exemptions Ward, Mary’S Society, Madurai. Arul Malar Convent, No.1, K.K. Nagar, Madurai – 625 020. [Pan:Aaatt-7531-M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. P.M. Kathir, Advocate ""यथ"क"ओरसे/Respondent By : Shri. V. Nandakumar, Cit सुनवाईकीतारीख/Date Of Hearing : 24.06.2024 घोषणाकीतारीख/Date Of Pronouncement : 28.06.2024 आदेश /O R D E R Per S. R. Raghunatha:

unexplained money U/s.69A of the Act to the tune of Rs.1,03,03,465/-. 4. Further the notice under section 274 r.w.s. 271(1)(c) of the Act was issued on 29/3/2022 to the assessee in consonance with the order U/s.147 r.w.s. 144 of the Act for levying penalty. Since the assessee trust has not participated in the penalty proceedings