QILIN SUPPORTERS,TIRUPUR vs. ITO, WARD-2(4), TIRUPUR

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

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.1275/Chny/2025 िनधा"रण वष"/Assessment Year: 2016-17 Qilin Supporters Vs. The Income Tax Officer, 11, Kasturibai Street, Udumalpet, Ward 2(4), Tiruppur 642 126. Tirupur. [Pan: Aaafq2944D] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Sridhar, Advocate (Erode) ""थ" की ओर से/Respondent By : Ms. M. Subashri, Addl. Cit (Virtual) सुनवाई की तारीख/ Date Of Hearing : 20.11.2025 घोषणा की तारीख /Date Of Pronouncement : 02.12.2025 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 07.03.2025 Passed By The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi For The Assessment Year 2016-17. 2. The Ld. Ar Shri S. Sridhar, Advocate Drew Our Attention To The Additional Ground Raised Vide Letter Dated 22.09.2025 & Submits That The Issue Of Questioning The Reopening As Legal Ground Can Be Raised At Any 2

2) of the Act seeking information as per reasons recorded for reopening under section 50C of the Act. The ld. AR argued that though the Assessing Officer reopened the assessment under section 50C of the Act, but, no addition made to that effect, but, however, made addition under section 43CA of the Act and drew our attention to the computation

SUNDARAKRISHNAN,CHENNAI vs. PCIT, COIMBATORE

Bench: Shri Manu Kumar Giri, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 1935/Chny/2024 िनधा"रण वष" / Assessment Year: 2014-15 Sundarakrishnan, Principal Commissioner Of No. 15, 5Th Main Road, V. Income Tax, Kasturba Nagar, Coimbatore -1. Adyar – 600 020. [Pan: Arbps-4782-R] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Y. Sridhar, Fca ""यथ" क" ओर से/Respondent By : Shri. R. Clement Ramesh Kumar, Cit सुनवाई क" तारीख/Date Of Hearing : 04.02.2025 घोषणा क" तारीख/Date Of Pronouncement : 11.02.2025 आदेश /O R D E R Per S. R. Raghunatha:

reassessment order is not erroneous on the aspect of applying the provisions of Section 50C, when the same was not the subject matter of this proceedings and hence revising this order is outside the scope of Section 263, more particularly on the aspect of Section 50C. 5.4 From the detailing made above, the ld.AR submitted that it can be easily

ARTHI BALIGA,CHENNAI vs. ACIT, NFAC, , DELHI

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

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.1559/Chny/2024 िनधा"रण वष"/Assessment Year: 2017-18 Arthi Baliga, Vs. The Principal Commissioner Of No. 15, Flat No. 3-C, Coral Woods Income Tax, Chennai-4, Apartment, Sri Ram Nagar, South Chennai. Street, Alwarpet, Chennai 600 018. [Pan:Bkjpb5416P] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri Ravi Kannan, Advocate & Shri Varun Ranganathan, Advocate ""थ" की ओर से/Respondent By : Shri Nilay Baran Som, Cit सुनवाई की तारीख/ Date Of Hearing : 05.12.2024 घोषणा की तारीख /Date Of Pronouncement : 28.02.2025 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 19.03.2024 Passed By The Ld. Principal Commissioner Of Income Tax, Chennai-4, Chennai For The Assessment Year 2017-18 Under Section 263 Of The Income Tax Act, 1961 [“Act” In Short].

2 below section 263 of the Income-tax Act. The ld. PCIT has pointed out in particular, among others, failure of the Assessing Officer to see the applicability of section 50C of the Income Tax Act and the possibility of making reference to the Valuation Officer. Thus, he prayed to dismiss the grounds raised by the assessee and sustain

BALASUBRAMANIAN ADITYAN LEGAL HEIR OF DR. B SIVANTHI ADITYAN,CHENNAI vs. DCIT CORPORATE CIRCLE 6 (2), CHENNAI

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri Manjunatha, G.आयकर अपील सं./I.T.A. No.1700/Chny/2018 िनधा"रण वष"/Assessment Year: 2007-08 Balasubramanian Adityan, Vs. The Deputy Commissioner Of Legal Heir Of Dr. B. Sivanthi Adityan, Income Tax, No. 6, E.V.K. Sampath Road, Corporate Circle 6(2), Vepery, Chennai 600 007. Chennai 600 034. [Pan:Aampa7576R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri V.S. Jayakumar, Sr. Advocate For Shri Pmn Bhagavath Krishnan, Adv. ""थ" की ओर से/Respondent By : Shri Clement Ramesh Kumar, Cit सुनवाई की तारीख/ Date Of Hearing : 19.07.2023 घोषणा की तारीख /Date Of Pronouncement : 30.08.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai, Dated 28.02.2018 Relevant To The Assessment Year 2007-08. In The Appeal, The Assessee Has Raised Following Grounds: 1. The Order Of The Commissioner Of Income Tax Appeals Is Contrary To Law & Facts Of The Case. 2. Reassessment Made Us 147: (I) The Commissioner Of Income Tax Appeals Erred In Confirming The Reassessment Made U/S 147 Of The Income Tax Act. 1961. 2

reassessment made on the appellant, which is inapplicable to the facts of the case., The Commissioner of Income Tax Appeals failed to note that the in the facts of the appellant's case the original notice was served on the dead person. 3. Merits of the case: valuation for the purpose of levy of capital gains tax: (i) The Commissioner

LATE P.S.ULAGARAKSHAGAN,CHENNAI vs. THE PCIT-3, CHENNAI

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

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.249/Chny/2021 िनधा"रण वष"/Assessment Year: 2015-16 Late P.S. Ulagarakshagan Vs. The Principal Commissioner Of Ambika U, L/H Of Ulagarakshagan, Income Tax-3, No. 4, Anushya Street, Nagarjuna Chennai – 34. Nagar, 2Nd Street, Rangarajapuram, Kodambakkam, Chennai 600 024. [Pan:Aaipu8947Q] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri Y. Sridhar, F.C.A. ""थ" की ओर से/Respondent By : Shri S. Senthil Kumaran, Cit सुनवाई की तारीख/ Date Of Hearing : 09.03.2023 घोषणा की तारीख /Date Of Pronouncement : 15.03.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Principal Commissioner Of Income Tax, Chennai – 3, Chennai Dated 11.03.2021 Relevant To The Assessment Year 2015-16 Passed Under Section 263 Of The Income Tax Act, 1961 [“Act” In Short].

50C, the ld. CIT (A) has also failed to appreciate that merely because the guideline value was higher than sale consideration in the deed of conveyance, cannot be the sole reason for holding that the assessment is erroneous and prejudicial to the interest of revenue. 5. With regard to applicability of Section 56, the ld. CIT (A) failed to consider

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

2) of the Act as well. The AO however rejected the\ncontention of the assessee and disallowed the salary payment(s) made to\nher, by solely relying on the statement of Smt.Viswanathan wherein she\nhad admitted that she was not rendering any services in lieu of the salary\npayment. Aggrieved by the action of the AO, the assessee preferred\nappeal

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/A

section 40A(2) of the Act. The provisions\nof Section 40A(2) of the Act, deals with disallowance of excessive or\nunreasonable payments made by an assessee to related parties. The\nsection allows the AO to scrutinize payments made to specific persons or\nentities related to the assessee, to ensure that such payments are not\nexcessive or unreasonable compared

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

section 40A(2) of the Act. The provisions\nof Section 40A(2) of the Act, deals with disallowance of excessive or\nunreasonable payments made by an assessee to related parties. The\nsection allows the AO to scrutinize payments made to specific persons or\nentities related to the assessee, to ensure that such payments are not\nexcessive or unreasonable compared

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

2) of the Act as well. The AO however rejected the\ncontention of the assessee and disallowed the salary payment(s) made to\nher, by solely relying on the statement of Smt.Viswanathan wherein she\nhad admitted that she was not rendering any services in lieu of the salary\npayment. Aggrieved by the action of the AO, the assessee preferred\nappeal

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

2) of the Act as well. The AO however rejected the\ncontention of the assessee and disallowed the salary payment(s) made to\nher, by solely relying on the statement of Smt.Viswanathan wherein she\nhad admitted that she was not rendering any services in lieu of the salary\npayment. Aggrieved by the action of the AO, the assessee preferred\nappeal

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

In the result, all the appeals of the Revenue and the assessee as\nwell as the Cross-Objections of the assessee are dismissed

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\n(अपीलार्थी/Appellant)\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

2) of the Act as well. The AO however rejected the\ncontention of the assessee and disallowed the salary payment(s) made to\nher, by solely relying on the statement of Smt.Viswanathan wherein she\nhad admitted that she was not rendering any services in lieu of the salary\npayment. Aggrieved by the action of the AO, the assessee preferred\nappeal

RADIANCE REALTY DEVELOPERS INDIA LIMITED,CHENNAI vs. DCIT CENTRAL CIRCLE 2(1), CHENNAI

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

2) of the Act as well. The AO however rejected the\ncontention of the assessee and disallowed the salary payment(s) made to\nher, by solely relying on the statement of Smt.Viswanathan wherein she\nhad admitted that she was not rendering any services in lieu of the salary\npayment. Aggrieved by the action of the AO, the assessee preferred\nappeal

RADIANCE REALTY DEVELOPERS INDIA LIMITED,CHENNAI vs. DCIT CENTRAL CIRCLE 2(1), CHENNAI

Bench: SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nITA Nos.2978 - 2984/Chny/2024\n&\nCO Nos.11-17/Chny/2025\nनिर्धारण वर्ष/Assessment Years: 2016-17 to 2022-23\n\nThe DCIT,\nCentral Circle-2(1),\nChennai.\nM/s Radiance Realty-\nDevelopers India Ltd.,\nRadiance Towers, 1st Floor,\n33 Feet Road, Anna Salai,\nGuindy, Chennai – 600 032.\n[PAN: AACCN5152H]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent/Cross\nObjector)\n\nITA Nos.2971 - 2972/Chny/2024\nनिर्धारणवर्ष/

2) of the Act as well. The AO however rejected the\ncontention of the assessee and disallowed the salary payment(s) made to\nher, by solely relying on the statement of Smt.Viswanathan wherein she\nhad admitted that she was not rendering any services in lieu of the salary\npayment. Aggrieved by the action of the AO, the assessee preferred\nappeal

EDWIN SELVARAJ SUNDRARAJ,SALEM vs. THE ITO, WARD -1(4), SALEM

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.: 783/Chny/2022 िनधा"रण वष" / Assessment Year: 2014-15

2(47)(v) of the Act, deemed transfer took place for the assessment year 2013-14, and thus, the question of computation of capital gains for assessment year 2014-15 does not arise, when the POA holder transferred the property in favour of his wife Mrs. Krishna. :-4-: ITA. No:783 /Chny/2022 4. The AO, however, was not convinced with

KALYANASUNDARAM BHARATH HARI,CHITTLAPAKKAM,CHENNAI vs. ITO, INT. TAX WARD 1(1), CHENNAI, CHENNAI

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

Bench: Shri Mahavir Singhand Shri S.R. Raghunatha

50C and within the meaning of section 147 of the Income Tax Act, for a sum Rs.29,20,000/-. Therefore, for the year under consideration, the assessee had undervalued his inform from long term capital gains out of the above said transactions and provisions of clause (c) of explanation 2 to sec.147 are applicable to facts of this case

ABDUL LATHIEF MAHAMMED ARIF,COIMBATORE vs. ITO, NCW-5(2), COIMBATORE

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

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunatha

50C of the Act. Abdul Lathief Mohammed Arif (Vs.) ITO Ward 5(2) :: 3 :: 2.2 During reassessment proceedings, statements were recorded from the assessee, his mother and sisters. The sisters categorically stated that they had received only their respective shares through demand drafts and that no cash was received by them. The Assessing Officer held that the entire alleged

M/S MADRAS RACE CLUB,CHENNAI vs. DCIT, CENRAL CIRCLE-1(2), CHENNAI

In the result the appeal of the assessee stands allowed

Bench: Hon’Bleshri Manu Kumar Giriand Hon’Ble Shri S.R. Raghunathaआयकर अपील सं./Ita No.688/Chny/2024 िनधा"रण वष"/Assessment Year:2007-2008 M/S.Madras Race Club, The Deputy Commissioner Of Race Course Road, Vs. Income Tax, Guindy Industrial Estate S.O., Central Circle 1(2) Guindy, Chennai Chennai 600 032. Pan: Aaacm 7640R (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. R. Vijayaraghavan, Advocate ""यथ"क"ओरसे/Respondent By : Shri. V. Nandakumar, Irs, Cit.

2. Peninsula Land Ltd 439 ITR 582 (Bom) 3. Donaldson India Filter Systems P. Ltd–ITA-86/2014 dt.19.01.2015 (Del.) As the reasons for reopening first disclosed is without jurisdiction on the threshold itself, these further points considered in the course of the reassessment proceedings does not require consideration. In any event, as regards the first point

P.PANJURAJAN,SIVAKASI vs. DCIT, CC-2,, MADURAI

In the result, appeal filed by the assessee is allowed

Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI S. R. RAGHUNATHA (Accountant Member)

2. Brief facts: The appellant is one of the promoters of M/s Sony Fireworks Group, which includes M/s Chindia Granities P Ltd, M/s Vinayaga Fireworks Industries etc. The appellant is engaged in the business of manufacturing and trading of fireworks in Sivakasi. A search u/s 132 of the Income Tax Act, 1961 was carried out on 21.10.2008 in case