SRIDEVI RAVI,CHENNAI vs. ITO NON CORPORATE WARD 14(2), CHENNAI

In the result, the appeals filed by the assessee for all

Bench: Shri V.Durga Rao & Shri G.Manjunathaआयकरअपीलसं./I.T.A.Nos.2716 To 2718/Chny/2018 ("नधा"रणवष" / Assessment Years: 2009-10 To 2011-12) Smt. Sridevi Ravi, Vs The Income Tax Officer, 1, Srinivasa Pillai Street, Non-Corporate Ward-14(2) West Mambalam, Chennai. Chennai-600 033. Pan: Aqbps9220K (अपीलाथ"/Appellant) (""यथ"/Respondent)

reassessment, the assessee has come out with explanation that cash deposits found in her bank account is out of contract

SMT. JAYANTHI SEEMAN,,CHENNAI vs. ITO, NCW - 1 (2),, CHENNAI

In the result the appeal of the assessee is partly allowed

reassessment\nproceedings.\n2. The Id.CIT (A) has erred in affirming the order of the Id. AO\nu/s.69 of the Act amounting to Rs.1,01,59,959/- without\nconsidering the confirmation letters issued by the landlords,\ncash deposits out of prior withdrawals, capital contribution and\nagricultural income.\n3. The Id. CIT (A) has further erred in rejecting the interest\namount

SMT. JAYANTHI SEEMAN,,CHENNAI vs. ITO, NCW - 1 (2),, CHENNAI

In the result the appeal of the assessee is partly allowed

reassessment\nproceedings.\n2. The Id.CIT (A) has erred in affirming the order of the Id. AO\nu/s.69 of the Act amounting to Rs.1,01,59,959/- without\nconsidering the confirmation letters issued by the landlords,\ncash deposits out of prior withdrawals, capital contribution and\nagricultural income.\n3. The Id. CIT (A) has further erred in rejecting the interest\namount

K.GURUMURTHY,CHENNAI vs. ITO NON CORPORATE WARD 11(4), CHENNAI

In the result, the appeals filed by assessee in ITA Nos

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

reassessment proceedings conducted by AO u/s 147/148 of the 1961 Act for both the ay’s: 2011-12 & 2012-13, the assessee was asked to produce sources for cash deposits

K.GURUMURTHY,CHENNAI vs. ITO NON CORPORATE WARD 11(4), CHENNAI

In the result, the appeals filed by assessee in ITA Nos

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

reassessment proceedings conducted by AO u/s 147/148 of the 1961 Act for both the ay’s: 2011-12 & 2012-13, the assessee was asked to produce sources for cash deposits

JAGANATHAN ABINAYA,TIRUPUR vs. ITO, WARD-2(1),, TIRUPUR

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

Bench: Shri George George K

cash deposits in the bank account to the tune of Rs.35,08,000/-, a notice u/s.148 of the Act was issued on 31.05.2019. The assessee filed her return of income on 05.10.2020 declaring income of Rs.1,97,860/-. During the course of reassessment

SMT. JAYANTHI SEEMAN,,CHENNAI vs. ITO, NCW - 1 (2), , CHENNAI

In the result the appeal of the assessee is partly allowed

reassessments initiated following a search at the premises of the assessee's husband. Key issues involve the treatment of cash deposits

DCIT, COIMBATORE vs. M/S. SENTHIL PAPAIN & FOOD PRODUCTS PVT. LTD., COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

DCIT, COIMBATORE vs. SRI M.PALANISAMY, COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

ACIT, COIMBATORE vs. SRI M.PALANISAMY, COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

ACIT, COIMBATORE vs. SHRI A.SENTHILKUMAR, COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

DCIT, COIMBATORE vs. M/S. SENTHIL PAPAIN & FOOD PRODUCTS PVT. LTD., COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

DCIT, COIMBATORE vs. M/S. SENTHIL PAPAIN & FOOD PRODUCTS PVT. LTD., COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

O.ARUMUGASAMY,,COIMBATORE vs. DCIT,, COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

ACIT, COIMBATORE vs. SRI M.PALANISAMY, COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

DCIT, COIMBATORE vs. M/S. SENTHIL BUILDING MATERIAL MANUFACTURING CO. (P) LTD., COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

DCIT, COIMBATORE vs. M/S. SENTHIL PAPAIN & FOOD PRODUCTS PVT. LTD., COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts

ACIT, COIMBATORE vs. SHRI A.SENTHILKUMAR, COIMBATORE

Bench: Shri Mahavir Singh & Shri Manoj Kumar Aggarwalassessment

cash deposits made in bank account which is accounted for in the books of accounts of the assessee, which were produced before the AO during the course of assessment proceedings u/s.153A r.w.s. 143(3) of the Act or seized by department during the course of search and these cannot be called as incriminating material because these books of accounts