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

reassessment, if any, relating to any\n assessment year falling within the period of six assessment years referred\nto in this sub-section pending on the date of initiation of the search under\nSection 132 or making of requisition under Section 132A, as the case may\nbe, shall abate.\" Therefore, Section 153A is in the nature of a second\nchance

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

reassessment, if any, relating to any\n assessment year falling within the period of six assessment years referred\nto in this sub-section pending on the date of initiation of the search under\nSection 132 or making of requisition under Section 132A, as the case may\nbe, shall abate.\" Therefore, Section 153A is in the nature of a second\nchance

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

reassessment, if any, relating to any\n assessment year falling within the period of six assessment years referred\nto in this sub-section pending on the date of initiation of the search under\nSection 132 or making of requisition under Section 132A, as the case may\nbe, shall abate.\" Therefore, Section 153A is in the nature of a second\nchance

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

reassessment, if any, relating to any assessment\nyear falling within the period of six assessment years referred\nto in this sub-section pending on the date of initiation of the search under\nSection 132 or making of requisition under Section 132A, as the case may\nbe, shall abate.\" Therefore, Section 153A is in the nature of a second\nchance given

ALTHI VENKATA NARENDRA RAJU,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(2), CHENNAI

In the result, the appeal filed by the assessee in ITA No

5A) Where the Transfer Pricing Officer gives effect to an order or direction under section\n263 by an order under section 92CA and forwards such order to the Assessing Officer, the\nAssessing Officer shall proceed to modify the order of assessment or reassessment

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(2), CHENNAI, CHENNAI vs. BONDALAPATI SHIVAJI RAO, CHENNAI

In the result, appeal filed by the assessee stands allowed and appeal filed by the Revenue is dismissed

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1044/Chny/2023 िनधा"रण वष"/Assessment Year: 2019-20 V. Shri Bondalapati Shivaji Rao, The Dcit, 121, Shankar Nagar, M.G. Road, Central Circle-1(2), Pammal, Chennai-600 075. Chennai. [Pan: Aahpb 0083 D] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No.1103/Chny/2023 िनधा"रण वष"/Assessment Year: 2019-20 V. The Dcit, Shri Bondalapati Shivaji Rao, Central Circle-1(2), 121, Shankar Nagar, Chennai. M.G. Road, Pammal, Chennai-600 075. [Pan: Aahpb 0083 D] (अपीलाथ"/Appellant) (""थ"/Respondent)

reassessment exercise can be initiated against a non-searched person. Unless the AO of that "other person" is satisfied that the material so gathered is likely to have an impact "on the determination of the total income of such other person", the mere receipt of documents would not suffice. 20. It thus becomes apparent that it is the satisfaction arrived

BONDALAPATI SHIVAJI RAO,CHENNAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(2), CHENNAI, CHENNAI

In the result, appeal filed by the assessee stands allowed and\nappeal filed by the Revenue is dismissed

5A to Section\n271(1)(c) of the Act applies only in case of the searched person and not\nthe persons covered u/s 153C of the Act. It was therefore held that, only\nin case of a searched person, it may be open for the Revenue to levy\npenalty in a case where income is surrendered in the return filed

INCOME TAX OFFICER, COIMBATORE vs. DAMAYANTI RAMACHANDRAN, GN MILLS POST, COIMBATORE

In the result, both the appeals of revenue for the A

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri S. R. Raghunathaआयकर अपील सं./Ita No.103/Chny/2025, ननिाारण वर्ा/Assessment Year: 2015-16

Section 5A, the Court would permit the conduct of enquiry and pass a fresh declaration within the period of limitation.” 11.3 Further the ld.DR submitted that the safe guards as defined by the Hon’ble High Court of Madras after considering the directions of Hon’ble Supreme Court of India in the case of GKN Driveshaft is fully complied

INCOME TAX OFFICER, COIMBATORE vs. DAMAYANTI RAMACHANDRAN, GN MILLS POST, COIMBATORE

Section 5A, the Court would permit the conduct of enquiry and pass a fresh\ndeclaration within the period of limitation.”\n11.3 Further the Id.DR submitted that the safe guards as defined by the Hon'ble\nHigh Court of Madras after considering the directions of Hon'ble Supreme Court of\nIndia in the case of GKN Driveshaft is fully complied

KRISHNAPPA GOWDER KALYANASUNDARAM,COIMBATORE vs. DCIT, CC-3,, COIMBATORE

The appeal stand allowed accordingly

Bench: HON’BLE SHRI MANOJ KUMAR AGGARWAL (Accountant Member), SHRI MANU KUMAR GIRI (Judicial Member)

5A to Sec.271(1)(c), the assessee had concealed its income to the extent of Rs.151.80 Lacs and accordingly, penalty of Rs.48.33 Lacs was levied. 2.3 The Ld. CIT(A) noted that the assessee offered additional income of Rs.137 Lacs in return filed u/s 153A. An addition of Rs.13 Lacs was made for shortage of cash flows. The fact that

KRISHNAPPA GOWDER KALYANASUNDARAM,COIMBATORE vs. DCIT, CENTRAL CIRCLE-4,, COIMBATORE

The appeal stand allowed accordingly

Bench: HON’BLE SHRI MANOJ KUMAR AGGARWAL (Accountant Member), SHRI MANU KUMAR GIRI (Judicial Member)

5A to Sec.271(1)(c), the assessee had concealed its income to the extent of Rs.151.80 Lacs and accordingly, penalty of Rs.48.33 Lacs was levied. 2.3 The Ld. CIT(A) noted that the assessee offered additional income of Rs.137 Lacs in return filed u/s 153A. An addition of Rs.13 Lacs was made for shortage of cash flows. The fact that

PALLADAM KRISHNASAMY GANESHWAR,TIRUPUR vs. DCIT, CC-3, COIMBATORE

The appeal stand allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.1221/Chny/2024 (िनधा9रणवष9 / Assessment Year: 2013-14) Shri Palladam Krishnasamy Ganeshwar Dcit बनाम/ 21, Shri Ganesa Textiles, Pollachi Road, Central Circle-3 Vs. Palladam, Tirupur-641 664. Coimbatore. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adfpg-6476-N (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओर से/ Appellant By : Shri S. Sridhar (Advocate)-Ld.Ar " थ" की ओर से/Respondent By : Shri R. Clement Ramesh Kumar (Cit)-Ld. Dr सुनवाई की तारीख/Date Of Hearing : 10-09-2024 घोषणा की तारीख /Date Of Pronouncement : 19-11-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

5A to Sec. 271(1)(c) which provide that such admission would be deemed concealment of income or furnishing of inaccurate particulars of income. Finally, the impugned penalty was levied on the assessee. The Ld. CIT(A) confirmed the same against which the assessee is in further appeal before us. 4. From the facts, it is undisputed fact that