C.R.ANAND EDUCATIONAL TRUST,MADURAI vs. ITO, EXEMPTION, MADURAI

In the result, appeal of the assessee is allowed for statistical purposes

Bench: Shri C.M. Garg, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.2802/Chny/2019 (धििाारण वर्ा / Assessment Year : 2009-10) C.R. Anand Educational Trust, V Ito, Exemption, Madurai. No. 34, Ganeshapuram, S K. Pudur, Madurai – 625 007. Pan No. : Aabtc1675J (अपीलार्थी /Appellant) (प्रत्यर्थी / Respondent) .. निर्ाारिती की ओर से /Assessee By : Shri S. Sankaralingam, Cit (Rtd) & Shri B. Gopalakrishnan, Advocate Ar िाजस्व की ओर से /Revenue By : Shri G. Johnson, Addl. Cit Dr सुिवाई की तािीख / Date Of Hearing : 15/02/2022 घोषणा की तािीख/Date Of Pronouncement : 22/02/2022 आदेश / O R D E R Per Arun Khodpia, Am:

reassessment order u/s.143(3) r.w.s.147 of the Act was passed on 18.07.2011 and registration u/s.12A of the Act was granted to assessee on 21.06.2013 w.e.f. A.Y.2010-2011, therefore, in the year under consideration i.e. A.Y.2009-10, the assesse was not having registration u/s.12A of the Act. He also contended that the first proviso to section 12A(2) of the Act cannot

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MADURAI, MADURAI vs. TRANSWORLD GARNET INDIA PVT LTD.,, CHENNAI

Section under | | | | order of | assessment | which | | | | CIT(A) | order | assessment order | | | | | | was passed | 1 | 1872/Chny/2025 | 2013-14 | 07.04.2025 | 05.05.2021 | 153A r.w.s 143(3) | 2 | 1873/Chny/2025 | 2014-15 | 07.04.2025 | 05.05.2021 | 153A r.w.s 143(3) | 3 | 1875/Chny/2025 | 2015-16 | 09.04.2025 | 06.05.2021 | 153A r.w.s 143(3) | 4 | 1877/Chny/2025 | 2016-17 | 09.04.2025 | 06.05.2021 | 153A r.w.s 143(3) | 5 | 1878/Chny/2025 | 2017-18 | 09.04.2025 | 06.05.2021 | 153A

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MADURAI, MADURAI vs. TRANSWORLD GARNET INDIA PVT LTD.,, CHENNAI

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita Nos.:1872, 1873, 1875, 1877 & 1878/Chny/2025 निर्धारण वर्ष / Assessment Years: 2013-14, 2014-15, 2015-16, 2016-17 & 2017-18 Acit, Central Circle -2, Madurai. Vs. Transworld Garnet India Pvt. Ltd., 500, Pantheaon Road, Egmore S.O., Chennai - 600 008. [Pan: Aaact-3408-N] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/Appellant By : Shri. R.Venkata Raman, C.A. प्रत्यर्थी की ओर से/Respondent By : Shri. Shiva Srinivas, C.I.T. सुनवाई की तारीख /Date Of Hearing : 24.09.2025 घोषणा की तारीख/Date Of Pronouncement : 23.10.2025 आदेश /Order Per S. R. Raghunatha, Am : These Five Appeals Preferred By The Revenue Are Directed Against The Orders Passed By The Learned Commissioner Of Income Tax (Appeals)-19, Chennai [Hereinafter Referred To As “The Id.Cit(A)”]. The Impugned Orders Of The Id.Cit(A) Arise Out Of The Assessment Orders Framed By The Assistant Commissioner Of Income Tax, Central Circle-2, Madurai [Hereinafter Referred To As “The Ao”], In Respect Of The Assessment Years 2013-14 To 2017-18. The Particulars Of The Respective Appeals Filed By The Revenue Are Set Out Hereinbelow:- S. No

Section under which assessment order was passed 1 1872/Chny/2025 2013-14 07.04.2025 05.05.2021 153A r.w.s 143(3) 2 1873/Chny/2025 2014-15 07.04.2025 05.05.2021 153A r.w.s 143(3) 3 1875/Chny/2025 2015-16 09.04.2025 06.05.2021 153A r.w.s 143(3) 4 1877/Chny/2025 2016-17 09.04.2025 06.05.2021 153A r.w.s 143(3) 5 1878/Chny/2025 2017-18 09.04.2025 06.05.2021 153A r.w.s 143(3) 2. The issues

DR.K.VANITHA,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee is allowed and appeal of the revenue in ITA No

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeassessment Year: 2006-07

reassessment can be made only if incriminating material are collected in the course of search material. 3. According to the learned counsel for the assessee, there was no incriminating material found during the course of search operation. Therefore, there cannot be any addition when the assessment proceeding was initiated under Section 153A and 153C of the Act. The learned counsel

DR.K.VANITHA,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee is allowed and appeal of the revenue in ITA No

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeassessment Year: 2006-07

reassessment can be made only if incriminating material are collected in the course of search material. 3. According to the learned counsel for the assessee, there was no incriminating material found during the course of search operation. Therefore, there cannot be any addition when the assessment proceeding was initiated under Section 153A and 153C of the Act. The learned counsel

DR.K.VANITHA,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee is allowed and appeal of the revenue in ITA No

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeassessment Year: 2006-07

reassessment can be made only if incriminating material are collected in the course of search material. 3. According to the learned counsel for the assessee, there was no incriminating material found during the course of search operation. Therefore, there cannot be any addition when the assessment proceeding was initiated under Section 153A and 153C of the Act. The learned counsel

ACIT, CHENNAI vs. DR.K.VANITHA, CHENNAI

In the result, all the appeals of the assessee is allowed and appeal of the revenue in ITA No

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeassessment Year: 2006-07

reassessment can be made only if incriminating material are collected in the course of search material. 3. According to the learned counsel for the assessee, there was no incriminating material found during the course of search operation. Therefore, there cannot be any addition when the assessment proceeding was initiated under Section 153A and 153C of the Act. The learned counsel

DR.K.VANITHA,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee is allowed and appeal of the revenue in ITA No

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeassessment Year: 2006-07

reassessment can be made only if incriminating material are collected in the course of search material. 3. According to the learned counsel for the assessee, there was no incriminating material found during the course of search operation. Therefore, there cannot be any addition when the assessment proceeding was initiated under Section 153A and 153C of the Act. The learned counsel

DR.K.VANITHA,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee is allowed and appeal of the revenue in ITA No

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeassessment Year: 2006-07

reassessment can be made only if incriminating material are collected in the course of search material. 3. According to the learned counsel for the assessee, there was no incriminating material found during the course of search operation. Therefore, there cannot be any addition when the assessment proceeding was initiated under Section 153A and 153C of the Act. The learned counsel

DR.K.VANITHA,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee is allowed and appeal of the revenue in ITA No

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeassessment Year: 2006-07

reassessment can be made only if incriminating material are collected in the course of search material. 3. According to the learned counsel for the assessee, there was no incriminating material found during the course of search operation. Therefore, there cannot be any addition when the assessment proceeding was initiated under Section 153A and 153C of the Act. The learned counsel

DR.K.VANITHA,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee is allowed and appeal of the revenue in ITA No

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeassessment Year: 2006-07

reassessment can be made only if incriminating material are collected in the course of search material. 3. According to the learned counsel for the assessee, there was no incriminating material found during the course of search operation. Therefore, there cannot be any addition when the assessment proceeding was initiated under Section 153A and 153C of the Act. The learned counsel

MRS. K.RESHUMA,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the assessee is allowed and appeal of the revenue in ITA No

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeassessment Year: 2006-07

reassessment can be made only if incriminating material are collected in the course of search material. 3. According to the learned counsel for the assessee, there was no incriminating material found during the course of search operation. Therefore, there cannot be any addition when the assessment proceeding was initiated under Section 153A and 153C of the Act. The learned counsel

ACIT , CENTRAL CIRCLE - 3 (3), CHENNAI vs. M/S LAND MARVEL HOMES , CHENNAI

In the result, appeal filed by the Revenue is allowed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 1055/Chny/2022 िनधा"रणवष" / Assessment Year: 2012-13 M/S. Land Marvel Homes, The Acit, V. 45-47, Old No. 22-23, Central Circle -3(3), 3Rd Floor, 1St Main Road, Chennai. Gandhi Nagar, Adyar, Chennai – 600 020. [Pan:Aabfl-4387-N] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. V. Nandakumar, Cit ""यथ"क"ओरसे/Respondent By : Shri. T. Banusekar, Advocate & Shri. Yeshwanth Kumar, Ca सुनवाई क" तारीख/Date Of Hearing : 06.06.2024 घोषणा क" तारीख/Date Of Pronouncement : 26.07.2024 आदेश /O R D E R

747/- is the current year profit and the balance is 'Revaluation Reserve’ of Rs.12,32,92,525/- created in the current year as a result of revaluation of 73.62 cents of land situated at Old Mahabalipuram Road, Tiruvanmiyur, Chennai, at Rs 17.50 crore based on Valuation Report of 'Licensed Engineer' dated 20.3.2012. On cross-verification of Fixed Assets