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

section 115BBE of IT Act as it is inserted vide finance Act, 2012 and applicable in case income added u/s 68. Consequently, Ground of Appeal No 4 is Dismissed. 7.5 Vide Grounds of appeal No.5, the appellant has challenged correctness of interest levied u/s 234A

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

section 115BBE of IT Act as it is inserted vide finance Act, 2012 and applicable in case income added u/s 68. Consequently, Ground of Appeal No 4 is Dismissed. 7.5 Vide Grounds of appeal No.5, the appellant has challenged correctness of interest levied u/s 234A

ST. JOHN FREIGHT SYSTEMS LTD.,TUTICORIN vs. DCIT CENTRAL CIRCLE 1, MADURAI

In the result appeals filed in ITA Nos

Bench: Shri Mahavir Singh, Hon’Ble & Shri Arun Khodpia, Hon’Bleआयकरअपीलसं./Ita Nos.188 & 2898 To 2900/Chny/2019 िनधा"रणवष"/Assessment Years: 2007-08 To 2010-11 V. M/S.St.John Freight – The Dy. Commissioner- Systems Pvt. Ltd., Of Income Tax, C-98, Sipcot Complex, Central Circle-1, Harbour Express Road, Madurai. Tuticorin-628 008. [Pan:Aaacs 4697 N] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से/ Appellant By : Mr.R.Vijayaraghavan, Adv. ""थ" की ओर से /Respondent By : Mr.S.Senthil Kumaran, Cit सुनवाईकीतारीख/Date Of Hearing : 13.03.2023 घोषणाकीतारीख /Date Of Pronouncement : 06.04.2023

68,84,120. This return claimed an deduction of Rs.1,31,84,425 u/s.80IA(4). But, since the original return was not filed in time, the claim of deduction claimed u/s.80IA(4) was denied because of the provisions of section 80AC. As per the provisions of Section 80AC, no deduction u/s.80IA shall be levied unless the assessee furnishes

ST. JOHN FREIGHT SYSTEMS PVT. LTD.,,TUTUCORIN vs. DCIT, CC-1,, MADURAI

In the result appeals filed in ITA Nos

Bench: Shri Mahavir Singh, Hon’Ble & Shri Arun Khodpia, Hon’Bleआयकरअपीलसं./Ita Nos.188 & 2898 To 2900/Chny/2019 िनधा"रणवष"/Assessment Years: 2007-08 To 2010-11 V. M/S.St.John Freight – The Dy. Commissioner- Systems Pvt. Ltd., Of Income Tax, C-98, Sipcot Complex, Central Circle-1, Harbour Express Road, Madurai. Tuticorin-628 008. [Pan:Aaacs 4697 N] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से/ Appellant By : Mr.R.Vijayaraghavan, Adv. ""थ" की ओर से /Respondent By : Mr.S.Senthil Kumaran, Cit सुनवाईकीतारीख/Date Of Hearing : 13.03.2023 घोषणाकीतारीख /Date Of Pronouncement : 06.04.2023

68,84,120. This return claimed an deduction of Rs.1,31,84,425 u/s.80IA(4). But, since the original return was not filed in time, the claim of deduction claimed u/s.80IA(4) was denied because of the provisions of section 80AC. As per the provisions of Section 80AC, no deduction u/s.80IA shall be levied unless the assessee furnishes

ST. JOHN FREIGHT SYSTEMS LTD.,TUTICORIN vs. DCIT CENTRAL CIRCLE 1, MADURAI

In the result appeals filed in ITA Nos

Bench: Shri Mahavir Singh, Hon’Ble & Shri Arun Khodpia, Hon’Bleआयकरअपीलसं./Ita Nos.188 & 2898 To 2900/Chny/2019 िनधा"रणवष"/Assessment Years: 2007-08 To 2010-11 V. M/S.St.John Freight – The Dy. Commissioner- Systems Pvt. Ltd., Of Income Tax, C-98, Sipcot Complex, Central Circle-1, Harbour Express Road, Madurai. Tuticorin-628 008. [Pan:Aaacs 4697 N] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से/ Appellant By : Mr.R.Vijayaraghavan, Adv. ""थ" की ओर से /Respondent By : Mr.S.Senthil Kumaran, Cit सुनवाईकीतारीख/Date Of Hearing : 13.03.2023 घोषणाकीतारीख /Date Of Pronouncement : 06.04.2023

68,84,120. This return claimed an deduction of Rs.1,31,84,425 u/s.80IA(4). But, since the original return was not filed in time, the claim of deduction claimed u/s.80IA(4) was denied because of the provisions of section 80AC. As per the provisions of Section 80AC, no deduction u/s.80IA shall be levied unless the assessee furnishes

ST. JOHN FREIGHT SYSTEMS LTD.,TUTICORIN vs. DCIT CENTRAL CIRCLE 1, MADURAI

In the result appeals filed in ITA Nos

Bench: Shri Mahavir Singh, Hon’Ble & Shri Arun Khodpia, Hon’Bleआयकरअपीलसं./Ita Nos.188 & 2898 To 2900/Chny/2019 िनधा"रणवष"/Assessment Years: 2007-08 To 2010-11 V. M/S.St.John Freight – The Dy. Commissioner- Systems Pvt. Ltd., Of Income Tax, C-98, Sipcot Complex, Central Circle-1, Harbour Express Road, Madurai. Tuticorin-628 008. [Pan:Aaacs 4697 N] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से/ Appellant By : Mr.R.Vijayaraghavan, Adv. ""थ" की ओर से /Respondent By : Mr.S.Senthil Kumaran, Cit सुनवाईकीतारीख/Date Of Hearing : 13.03.2023 घोषणाकीतारीख /Date Of Pronouncement : 06.04.2023

68,84,120. This return claimed an deduction of Rs.1,31,84,425 u/s.80IA(4). But, since the original return was not filed in time, the claim of deduction claimed u/s.80IA(4) was denied because of the provisions of section 80AC. As per the provisions of Section 80AC, no deduction u/s.80IA shall be levied unless the assessee furnishes

PANDIAN HARI,CHENNAI vs. THE INCOME TAX OFFICER NON CORP WARD 11(40, CHENNAI

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

Bench: Shri George George Kand Ms Padmavathy Sआयकर अपील सं./Ita No.: 2598/Chny/2025 िनधा"रण वष"/Assessment Year: 2017-18 Shri Pandian Hari, The Income Tax Officer, 75/151 I Om Sri Sairam Plaza, Vs. Non-Corporate Ward 11(4), Thambuchetty Street, Chennai Parrys, Chennai – 600 001. Pan: Acfph 7870Q (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Dr.S. Sankar Ganesh, Advocate ""यथ" क" ओर से/Respondent By : Ms. Gouthami Manivasagam, Addl.Cit सुनवाई क" तारीख/Date Of Hearing : 07.01.2026 घोषणा क" तारीख/Date Of Pronouncement : 07.01.2026

section 250 of the Income Tax Act, 1961 (hereinafter called ‘the Act’). The relevant Assessment Year is 2017-18. :- 2 -: 2. The prayer raised read as follows:- 1. Delete the addition of ₹40,44,000/- sustained u/s 68, 2. Delete the consequential tax u/s 115BBE and interest levied u/ss 234A

KARUNAMOORTHI KAVITHA,DHARMAPURI vs. DCIT, CENTRAL CIRCLE,, SALEM

In the result, appeal filed by the assessee is allowed

Bench: Shri George George K, Hon’Ble & Shri S.R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 1732/Chny/2024 िनधा"रण वष" / Assessment Year: 2018-19 Karunamoorthi Kavitha, Assistant Commissioner Of No.10A, Vijaya Hospital, V. Income Tax, Pennagaram Main Road, Opp Central Circle, Madheswara Theatre, Salem – 636 007. Dharmapuri – 636 701. [Pan: Amfpk-6223-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. N. Arjun Raj, Advocate : Shri. Shiva Srinivas, Addl. Cit ""यथ" क" ओर से/Respondent By सुनवाई क" तारीख/Date Of Hearing : 19.11.2024 घोषणा क" तारीख/Date Of Pronouncement : 05.12.2024

Section 68 of the Act 5. For that the Commissioner of Income tax (Appeals) has failed to appreciate that the Investment in property was made by the appellant is one of the sources from the gift received from her mother and brother. 6. For that Commissioner of Income tax (Appeals) failed to appreciate Sec.68 are not invocable

SHANMUGASUNDARAM VENKATACHALAPATHY,TIRUNELVELI, TAMILNADU vs. INCOME TAX OFFICER, WARD 4, TIRUNELVELI, TIRUNELVELI

In the result, grounds of appeal raised

Bench: Shri Ss Viswanethra Ravi & Shri Ratnesh Nandan Sahayshri Shanmugasundaram I.T.O., Venkatachalapathy, Vs. Ward-4, C/O-Durv & Associates Llp, No. Tirunelveli. 10/80, Avm Avenue 3Rd Street, Virugambakkam, Chennai-600092 (Tamil Nadu) Pan No. Acapv 3414 B Appellant/ Assessee Respondent/ Revenue

68,909 has been deposited out of the retained earnings and cash balance available with the Appellant. 5. That the Learned CIT(A) has erred in upholding the order of the Learned AO without appreciating the fact that a sum of Rs. 16,95,000 has been deposited out of the contribution received from his spouse out of her income

MUTHUSAMY RAMASAMY,PUDUKKOTTAI vs. ITO, WARD-1,, PUDUKKOTTAI

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

Bench: Shri George George Kand Shri Amitabh Shuklaआयकर अपील सं./Ita No.: 462/Chny/2025 िनधा"रण वष"/Assessment Year:2017-18 Shri Muthusamy Ramasamy, The Income Tax Officer, No.103, Balaji Nagar, Vs. Ward 1, Machuvadi, Pudukkottai. Pudukkottai – 622 022. Pan: Ashpr 2368B (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri R. Subramanian, C.A. ""यथ" क" ओर से/Respondent By : Ms. Gowthami Manivasagam,Jcit सुनवाई क" तारीख/Date Of Hearing : 24.04.2025 घोषणा क" तारीख/Date Of Pronouncement : 24.04.2025

Section 68 of the Income Tax Act. 5. For that. the Commissioner of Income Tax (Appeals) failed to appreciate that Sec.68 is not invocable in the Appellant's case under the facts and circumstances. 6. For that. the Commissioner of Income-tax (Appeals) failed to appreciate that Sec 115BBE is not invocable in the case of the appellant under

TIRUCHANGODU RAMASAMY KHANNAIYANN SARASUWATHI,COIMBATORE vs. DCIT, CENTRAL CIRCLE-1,, COIMBATORE

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

234A and 234C of the Income Tax Act. PRAYER For these grounds raised and such other grounds that may be raised, may be altered, amended or modified, with the leave of the Hon’ble Tribunal before or during the hearing of the appeal, it is most humbly prayed that the Hon’ble Tribunal may be pleased to: a) Delete

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

sections 234A, 234B and 234C.” 3. Brief facts of the case extracted in ITA No.113/Chny/2020 relevant to assessment year 2009-10 are that the assessee is engaged in the business of money lending, constriction of apartments and chit fund business. A search and seizure operation u/s.132 of the Income Tax Act, 1961, was conducted on 28.01.2015 at the residential

SRI SARVALAKSHMI CHIT FUNDS INDIA P LTD,CHENNAI vs. ACIT CENTRAL CIRCLE-3(2), CHENNAI

In the result, appeals filed by the assessee for the

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

sections 234A, 234B and 234C.” 3. Brief facts of the case extracted in ITA No.113/Chny/2020 relevant to assessment year 2009-10 are that the assessee is engaged in the business of money lending, constriction of apartments and chit fund business. A search and seizure operation u/s.132 of the Income Tax Act, 1961, was conducted on 28.01.2015 at the residential

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

sections 234A, 234B and 234C.” 3. Brief facts of the case extracted in ITA No.113/Chny/2020 relevant to assessment year 2009-10 are that the assessee is engaged in the business of money lending, constriction of apartments and chit fund business. A search and seizure operation u/s.132 of the Income Tax Act, 1961, was conducted on 28.01.2015 at the residential

SRI SARVALAKSHMI CHIT FUNDS INDIA P LTD,CHENNAI vs. ACIT CENTRAL CIRCLE-3(2), CHENNAI

In the result, appeals filed by the assessee for the

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

sections 234A, 234B and 234C.” 3. Brief facts of the case extracted in ITA No.113/Chny/2020 relevant to assessment year 2009-10 are that the assessee is engaged in the business of money lending, constriction of apartments and chit fund business. A search and seizure operation u/s.132 of the Income Tax Act, 1961, was conducted on 28.01.2015 at the residential

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

sections 234A, 234B and 234C.” 3. Brief facts of the case extracted in ITA No.113/Chny/2020 relevant to assessment year 2009-10 are that the assessee is engaged in the business of money lending, constriction of apartments and chit fund business. A search and seizure operation u/s.132 of the Income Tax Act, 1961, was conducted on 28.01.2015 at the residential

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

sections 234A, 234B and 234C.” 3. Brief facts of the case extracted in ITA No.113/Chny/2020 relevant to assessment year 2009-10 are that the assessee is engaged in the business of money lending, constriction of apartments and chit fund business. A search and seizure operation u/s.132 of the Income Tax Act, 1961, was conducted on 28.01.2015 at the residential

SHRI J. SRINIVASAN,,CHENNAI vs. ACIT, CENTRAL CIRCLE - 3 (2),, CHENNAI

In the result, appeals filed by the assessee for the

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.Nos.113 To 119/Chny/2020 ("नधा"रणवष" / Assessment Years: 2009-10 To 2015-16) Mr. J.Srinivasan, Vs Assistant Commissioner Of 12B, Thanikachalam Street, Income Tax, Perambur, Central Circle-3(2) Chennai-600 011. Chennai. Pan: Aovps 4456H (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपीलसं./I.T.A.Nos.354 To 356/Chny/2020 ("नधा"रणवष" / Assessment Years: 2011-12 To 2013-14) Vs Assistant Commissioner Of M/S. Sri Sarvalakshmi Chit Funds India Pvt.Ltd. Income Tax, 1St Floor, No.95 & 296, Paper Mills Road Central Circle-3(2) Perambur, Chennai. Chennai-600 011. Pan: Aaocs 6783K (अपीलाथ"/Appellant) (""यथ"/Respondent)

sections 234A, 234B and 234C.” 3. Brief facts of the case extracted in ITA No.113/Chny/2020 relevant to assessment year 2009-10 are that the assessee is engaged in the business of money lending, constriction of apartments and chit fund business. A search and seizure operation u/s.132 of the Income Tax Act, 1961, was conducted on 28.01.2015 at the residential