ADHI KUMARA GURU,CHENNAI vs. DCIT, NCC-22(1), CHENNAI

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

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri Amitabh Shuklaमाननीय "ी मनु कुमार िग"र, "ाियक सद" एवं माननीय "ी अिमताभ शु"ा, लेखा सद" के सम"

short term capital gains on account of selling the property purchased in term capital gains on account of selling the property purchased in term capital gains on account of selling the property purchased in order to claim deduction u/s.54F for the A.Y.2013 order to claim deduction u/s.54F for the A.Y.2013-14. From the 14. From the perusal of the computation

VANDANA DAGA ,CHENNAI vs. PR. CIT, CHENNAI

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

Bench: Shri S.S. Viswanethra Ravi & Shri S.R. Raghunathaआयकर अपील सं./I.T.A. No.1056/Chny/2024 िनधा"रण वष"/Assessment Year: 2015-16 Vandana Daga, Vs. The Income Tax Officer, 19-C, Nungambakkam High Road, Non Corporate Ward 3(5), Nungambakkam, Chennai 600 034. Chennai. [Pan:Aclpv1469P] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri M. Karunakaran, Advocate ""थ" की ओर से/Respondent By : Shri R. Clement Ramesh Kumar, Cit सुनवाई की तारीख/ Date Of Hearing : 24.07.2024 घोषणा की तारीख /Date Of Pronouncement : 26.07.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 27.03.2024 Passed By The Ld. Principal Commissioner Of Income Tax, Chennai 4, Chennai Under Section 263 Of The Income Tax Act, 1961 [“Act” In Short] For The Assessment Year 2015-16. 2. Ground No. 13 Raised In The Appeal Of The Assessee Is Not Pressed & Accordingly Dismissed As Not Pressed. 3. Ground Nos. 1 To 12 Raised By The Assessee Concerning Only Issue Questioning The Validity Of Jurisdiction Assumed By The Ld. Pcit Under Section 263 Of The Act.

reassessment order as erroneous and prejudicial to the interest of Revenue and directing the Assessing Officer to make necessary enquiries as per the discussions relating to the claims of excess cost of acquisition in respect of claim of long term capital gains and short

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].

short]. 2. We find that this appeal is filed with a delay of 4 days. The assessee filed an affidavit for condonation of delay stating the reasons. Upon hearing both the parties and on examination of the said affidavit, we find 2 I.T.A. No.1559/Chny/24 the reasons stated by the assessee are bonafide, which really prevented in filing the appeal

RAMANATHAN ADAIKALAVAN,COIMBATORE, TAMIL NADU vs. THE INCOME TAX OFFICER, NATIONAL FACELESS ASSESSMENT CENTRE, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Aby T Varkey & Shri Amitabh Shuklaआयकर अपील सं./ Ita No.557/Chny/2024 निर्ाारण वर्ा /Assessment Years: 2014-15 Ramanathan Adaikalavan, Deputy Commissioner Of Income Tax, No.80, Ansari Street, Ram Nagar, Non-Corporate Circle-2, Coimbatore-641009. Coimbatore [Pan: Aanpa6846P] (प्रत्यर्थी/Respondent) (अपीलार्थी/Appellant) अपीलार्थी की ओर से/ Assessee By : Shri P.M.Kathir, Advocate. प्रत्यर्थी की ओर से /Revenue By : Ms.Gouthami Manivasagam, Jcit सुिवाई की तारीख/Date Of Hearing : 05.11.2024 घोर्णा की तारीख /Date Of Pronouncement : 06.12.2024 आदेश / O R D E R Per Amitabh Shukla, A.M :

short term capital gains. While doing so, it was concluded that the asset sold was depreciable asset on which depreciation was claimed in earlier years. It is the case of the assessee that the reassessment

BRAHMAR CELLULOSE PRODUCTS PRIVATE LIMITED,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CHENNAI

In the result, the appeal filed by the assessee dismissed

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.189/Chny/2024 िनधा"रण वष"/Assessment Years: 2012-13 Brahmar Cellulose Products Private Vs. The Deputy Commissioner Of Limited, Ameen Manors, S1 & S2, Income Tax, Second Floor, B Block, No. 138, Corporate Circle 1(2), Nungambakkam High Road, Chennai. Chennai 600 034. [Pan: Aadcb3888M] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : None ""थ" की ओर से/Respondent By : Ms. R. Anita, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 06.08.2024 घोषणा की तारीख /Date Of Pronouncement : 21.08.2024 आदेश /O R D E R

reassessment proceedings initiated by issuing notice under section 148 of the Income Tax Act, 1961 [“Act” in short] and completing the 3 I.T.A. No.189/Chny/24 assessment under section 143(3) r.w.s. 147 of the Act is invalid, thus, ground Nos. 1 & 2 as raised by the assessee are dismissed. 5. Ground No. 3 raised by the assessee in challenging the action

ITO (IT), WARD 2(1), CHENNAI, CHENNAI vs. ROHITKUMAR NEMCHAND PIPARIA, CHENNAI

The appeal stands allowed for statistical purposes

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1326/Chny/2023 (िनधा*रण वष* / Assessment Year: 2008-09) Income Tax Officer Shri Rohitkumar Nemchand Piparia बनाम International Taxation Ward-2(1), #34 (Old #77), Meddox Street, / Vs. Chennai. Choolai, Chennai-600 112. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Akzpp-0661-M (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Assessee By : Shri T. Banusekar & Ms.Samyuktha Banusekar (Advocates) - Ld. Ars " थ"कीओरसे/Revenue By : Shri Nilay Baran Som (Cit) - Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 07-10-2024 घोषणाकीतारीख /Date Of Pronouncement : 31-12-2024 आदेश / O R D E R

Short Term Capital Gains of Rs.40.33 Crores and raised certain demand against the assessee. This assessment has reached finality. 2.2 Against quantum addition, penalty proceedings were initiated against the assessee and the assessee was show-caused. The assessee assailed the same on the ground that the assessee had purchased the shares through Ventura Securities Ltd., Mumbai utilizing the funds lying

MUTHUSAMY SHANMUGAM,CHENNAI vs. ITO, INTERNATIONAL TAXATION WARD-2(2), CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri Manjunatha. G & Shri Manomohan Dasआयकर अपील सं./Ita No.362/Chny/2023 िनधा(रण वष( /Assessment Year: 2013-14 Muthusamy Shanmugam, The Income Tax Officer, C/O.Ramesh & Ramachandran, Cas Vs. Ward-2(2), New No.39, Old No.29/3, Chennai. Viswanathapuram Main Road, Kodambakkam, Chennai – 600 024. [Pan: Dghps-7897-P] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri Y. Sridhar, F.C.A ""यथ" क" ओर से /Respondent By : Shri V. Nandakumar, Cit सुनवाई क" तारीख/Date Of Hearing : 21.09.2023 घोषणा क" तारीख /Date Of Pronouncement : 30.11.2023 आदेश / O R D E R

short term capital gain at Rs.6,81,26,133/- instead of Rs. 6,90,56,034/- and finally recomputed the income from long term capital gains at Rs. 47,24,45,389/- vide order dated 30-03-2016. 10. In view of the obtention of approval for reopening the assessment dated 30-03-2016 by stating incorrect /misleading information

GANESAN KANNAN,THOOTHUKUDI vs. ITI, INTERNATIONAL TAXATION WARD, THOOTHUKUDI

In the result, appeal filed by the assessee is allowed

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपीलसं./Ita No.: 698/Chny/2024 िनधा"रण वष" / Assessment Year: 2018-19

Short Term Capital Gain on sale of 1,34,63,935 1,43,14,139 property I & II Total Assessed Income 1,43,66,879 :-6-: ITA. No:698/Chny/2024 Aggrieved by the final assessment order, the assessee is in appeal before us. 5. The learned AR for the assessee submitted that legal grounds are purely issues concerning the limitation prescribed

MONOTECH SYSTEMS LTD.,CHENNAI vs. DCIT, CORP. CIRCLE-4(1), CHENNAI

In the result, the appeal of the assessee is allowed

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

Short-Term Capital Loss by the assessee. Further, it can neither be treated as bad debts or expenditure u/s.36(1)(vii) of the Act. Since, the slump sale has resulted in long term capital gains, the subsequent transaction of the sale of the assets has to take similar character and not other-wise since the appellant has sold a block

RAMASAMI PALANISAMY,TIRUPUR vs. ITO, WARD-2(1), ERODE

In the result, appeal filed by the assessee is allowed

short `AO'), in the hands of the\nassessee, on the given facts and circumstances of the case.\n3. Brief facts as noted are that, the AO of the assessee was in receipt\nof information that the assessee, Shri Palanisamy had transferred an\nimmovable property of 1.27 acres of land situated at Ramanathapuram\nVillage, Coimbatore on 31.03.2016to M/s. Hindusthan Educational

KANNAN PREMKUMAR,SALEM vs. ITO, WARD-1(6), SALEM

In the result, appeal filed by the assessee is allowed

Bench: SHRI GEORGE GEORGE K, VICE PRESIDENTAND SHRI S.R. RAGHUNATHA (Accountant Member)

reassessment, no addition was made with regard to inadequate source of purchase of immovable property. However, AO made an addition of Rs.2,08,843/- as short term capital gains

THE ASSISTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. M/S THULASI & OTHERS, CHENNAI

The appeal stands dismissed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.18/Chny/2021 (िनधा*रण वष* / Assessment Year: 2011-12) Dcit M/S. Thulasi & Others बनाम/ 32, (Old No.43), 2Nd Floor, Non-Corporate Circle-8(1) Chennai. K.Bharathidasan Salai, Siet College Road Vs. Alwarpet, Chennai-600 018. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaofm-9784-F (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri D. Hema Bhupal (Jcit)- Ld. Dr " थ"कीओरसे/Respondent By : Shri S. Sridhar (Advocate)-Ld.Ar सुनवाईकीतारीख/Date Of Hearing : 21-06-2023 घोषणाकीतारीख /Date Of Pronouncement : 08-09-2023 आदेश / O R D E R

short term capital gains is to be taxed in the hands of the company and not in the hands of the appellant firm. The original scrutiny assessment u/s 143(3) in the case of the appellant was completed on 27/3/2014 accepting the returned income of the appellant and the sole issue In the assessment order was the jurisdiction

SIVASUNDAR SELVAKUMARI,CHENNAI vs. ITO, NCW-1(6), CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunatha

short “ld.CIT(A)”) confirming the assessment order framed under section 147 read with section 144B of the Income Tax Act, 1961 for the Assessment Year 2016-17 dated 16.03.2022. 2. The assessee raised the following grounds of appeal: 1. The CIT(A) erred in upholding the addition of Rs.19,86,16,459/- as Long Term Capital Gain (LTCG

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

short) was conducted in the residential premises of Shri.V.Natarajan at 64-C, Rotary Nagar, Rasipuram and simultaneously the search u/s 132 of the Act was also carried out in the premises of M/s Pavai Varam Educational Trust on 27.12.2016. The search u/s 132 of the Act was commenced at 11.45 AM on 27.12.2016 and the search proceedings

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

short) was conducted in the residential premises of Shri.V.Natarajan at 64-C, Rotary Nagar, Rasipuram and simultaneously the search u/s 132 of the Act was also carried out in the premises of M/s Pavai Varam Educational Trust on 27.12.2016. The search u/s 132 of the Act was commenced at 11.45 AM on 27.12.2016 and the search proceedings

P. RAVICHANDRAN,CHENNAI vs. DCIT, CENTRAL CIRCLE 1(3), CHENNAI

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

Bench: Shri Mahavir Singhand Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 582/Chny/2024 िनधा"रण वष"/Assessment Year: 2007-08 Dr. P. Ravichandran, The Deputy Commissioner No.3, Second Link Street, Vs. Of Income Tax, Raghava Reddy Colony, Central Circle – 1(3), Jaffarkhanpet, Chennai. Chennai – 600 083. Pan: Aahpr 0455M (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri G. Baskar, Advocate Shri I. Dinesh, Advocate ""यथ" क" ओर से/Respondent By : Shri N. Sanjay Gandhi, Jcit सुनवाई क" तारीख/Date Of Hearing : 11.06.2024 घोषणा क" तारीख/Date Of Pronouncement : 14.06.2024

short term capital gain arising out of sale of property admeasuring 10.5 acres at Janakipuram, Maduranthakam. The reassessment order was passed

FLSMIDTH PRIVATE LIMITED,CHENNAI vs. PCIT- 1, CHENNAI

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

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.1636/Chny/2024 िनधा:रण वष: /Assessment Year: 2014-15 M/S. Flsmidth Pvt. Ltd., The Principal Commissioner Of No.34, Egatoor, Kelambakkam Vs. Income Tax-1, Rajiv Gandhi Salai, Chennai. Chennai – 603 103. [Pan: Aaacf 4997N]

capital gain, the assessee in the year 1987-88 has taken inflation index was taken at 150 i.e., for 1987-88 though this time duty was paid in 2011. Hence, there was escapement of income. :- 3 -: ii. The assessee has debited amount of Rs. 1,80,79,587/- as loss on exchange fluctuation which is allowable expenditure. iii. The assessee

ANDIMUTHU RAJA,PERAMBALUR vs. ACIT, CIRCLE 1(1), TIRUCHIRAPALLI

The appeals stand allowed

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं./ Ita No.261/Chny/2024 (िनधा*रणवष* / Assessment Year: 2006-07) & 2. आयकरअपील सं./ Ita No.262/Chny/2024 (िनधा*रणवष* / Assessment Year: 2010-11) Shri Andimuthu Raja Acit बनाम/ 3/127, Ambedkar Street, Velur Post Circle-1(1) Vs. Perambalur-621 104. Tiruchirapalli. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adtpr-2755-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Y.Sridhar (Fca)-Ld.Ar " थ"कीओरसे/Respondent By : Ms.R.Anita (Addl.Cit) -Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 01-08-2024 घोषणाकीतारीख /Date Of Pronouncement : 12-08-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

Short Term Capital Gains of Rs.6.81 Lacs. The Ld. AO opined that considering the volume of transactions and period of holding, the gains were to be considered as business income. Showing the same under the head capital gains has resulted into lower tax outgo for the assessee. After considering assessee’s submissions, Ld. AO held that that the gains were