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, 234B and 234C

SRINIVASAN MOHAMMAD IIBRAHIM,MADURAI vs. THE INCOME TAX OFFICER, NON CORPORATE WARD-2(3), MADURAI

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

Bench: Shri S.S. Viswanethra Ravi & Shri S.R. Raghunathaआयकर अपील सं./I.T.A. No.233 & 234/Chny/2024 िनधा"रण वष"/Assessment Year: 2013-14 Srinivasan Mohammad Ibrahim, Vs. The Income Tax Officer, 69, South Marret Street, Non Corporate Ward 2(3), Madurai South, South Gate S.O., Chennai. Madurai 625 001. [Pan: Ailpm0929R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri I Dinesh, Advocate ""थ" की ओर से/Respondent By : Shri R. V. Aroon Prasad, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 23.07.2024 घोषणा की तारीख /Date Of Pronouncement : 26.07.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi:

68 of the Act at ₹.19,22,156/- is not correct. The ld. AR requested to remand the matter to the file of the Assessing Officer as the assessee is ready to furnish the details as may be required by the Assessing Officer and to prosecute his case if the Tribunal afford an opportunity. 6. The ld. DR Shri

SRINIVASAN MOHAMMAD IBRAHIM,MADURAI vs. ITO,NON-CORPORATE WRD-2(3), MADURAI

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

Bench: Shri S.S. Viswanethra Ravi & Shri S.R. Raghunathaआयकर अपील सं./I.T.A. No.233 & 234/Chny/2024 िनधा"रण वष"/Assessment Year: 2013-14 Srinivasan Mohammad Ibrahim, Vs. The Income Tax Officer, 69, South Marret Street, Non Corporate Ward 2(3), Madurai South, South Gate S.O., Chennai. Madurai 625 001. [Pan: Ailpm0929R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri I Dinesh, Advocate ""थ" की ओर से/Respondent By : Shri R. V. Aroon Prasad, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 23.07.2024 घोषणा की तारीख /Date Of Pronouncement : 26.07.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi:

68 of the Act at ₹.19,22,156/- is not correct. The ld. AR requested to remand the matter to the file of the Assessing Officer as the assessee is ready to furnish the details as may be required by the Assessing Officer and to prosecute his case if the Tribunal afford an opportunity. 6. The ld. DR Shri

TR PCHAMUTHU NOW KNOWN AS TR PAARIVENDHAR,CHENNAI vs. ACIT, CENTRAL CIRCLE-1(3), CHENNAI

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

68 of the Act. We noted from the facts of the case that none of the authorities below have brought out anywhere in the orders that the investments are made in financial year 1997-98 relevant to assessment year 1998-99, whereas assessee has tried to establish the fact that the investments related to earlier assessment years i.e from

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

BINDAL AGENCIES PRIVATE LIMITED,CHENNAI vs. ITO, CORPORATE WARD -1(2), CHENNAI

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

Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A.No.382/Chny/2018 "नधा"रण वष"/Assessment Year:2014-15 M/S. Bindal Agencies Pvt. Ltd., The Income Tax Officer, No. 12/2, Venkatachalam Lane, Vs. Corporate Ward 1(2), 1St Floor, Rattan Bazaar, Chennai. Chennai 600 003. [Pan: Aaccb3892N] (अपीलाथ" /Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से / Appellant By : Shri T. Banusekar, C.A. & Ms. B. Jaisheila, C.A. ""यथ" क" ओर से/Respondent By : Mrs. S. Vijayaprabha, Jcit सुनवाई क" तार"ख/ Date Of Hearing : 10.05.2018 घोषणा क" तार"ख /Date Of Pronouncement : 07.06.2018 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 3, Chennai Dated 30.11.2017 Relevant To The Assessment Year 2014-15. The Assessee Has Raised The Following Grounds: “1. For That The Order Of The Commissioner Of Income Tax (Appeals) Is Contrary To Law, Facts & Circumstances Of The Case To The Extent Prejudicial To The Interests Of The Appellant & Is Opposed To The Principles Of Equity, Natural Justice & Fair Play.

68 are not invocable in the facts and circumstances of the case. 9. For that the appellant objects to the levy of interest under sections 234B and 234C

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

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 the addition

DCIT, CORP CIR-6(1), CHENNAI vs. SHRIRAM CAPITAL LTD, CHENNAI

In the result, both the appeals filed by the assessee are allowed and the appeals filed by the Revenue are dismissed

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.3168 & 3255/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 M/S. Shriram Capital Limited, The Deputy Commissioner Of Vs. Shriram House, 1St Floor, No. 4, Income Tax, Burkit Road, T. Nagar, Corporate Circle 6(1), Chennai 600 017. Chennai 600 034. [Pan:Aabcs2726B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. Nos.3216 & 3217/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 The Deputy Commissioner Of Vs. M/S. Shriram Capital Limited, Shriram House, 1St Floor, No. 4, Income Tax, Corporate Circle 6(1), Burkit Road, T. Nagar, Chennai 600 034. Chennai 600 017. (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri R. Sivaraman, Advocate Department By Shri Darzakhum Songate, Cit : सुनवाई की तारीख/ Date Of Hearing : 03.01.2022 घोषणा की तारीख /Date Of Pronouncement : 18.02.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Assessee As Well As Revenue Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 29.08.2018 Relevant To The 2

234C of the ct on failure to pay advance tax in respect of tax payable under Section 115JA/ 115JB of the Act and therefore, the aforesaid decision has no impact on the issue involved in this appeal. Similarly, in MAXOPP Investment Ltd., supra the Supreme Court has dealt with Section 14A of the Act and has not dealt

SHRIRAM CAPITAL LTD,CHENNAI vs. DCIT, CORP CIR-6(1), CHENNAI

In the result, both the appeals filed by the assessee are allowed and the appeals filed by the Revenue are dismissed

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.3168 & 3255/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 M/S. Shriram Capital Limited, The Deputy Commissioner Of Vs. Shriram House, 1St Floor, No. 4, Income Tax, Burkit Road, T. Nagar, Corporate Circle 6(1), Chennai 600 017. Chennai 600 034. [Pan:Aabcs2726B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. Nos.3216 & 3217/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 The Deputy Commissioner Of Vs. M/S. Shriram Capital Limited, Shriram House, 1St Floor, No. 4, Income Tax, Corporate Circle 6(1), Burkit Road, T. Nagar, Chennai 600 034. Chennai 600 017. (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri R. Sivaraman, Advocate Department By Shri Darzakhum Songate, Cit : सुनवाई की तारीख/ Date Of Hearing : 03.01.2022 घोषणा की तारीख /Date Of Pronouncement : 18.02.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Assessee As Well As Revenue Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 29.08.2018 Relevant To The 2

234C of the ct on failure to pay advance tax in respect of tax payable under Section 115JA/ 115JB of the Act and therefore, the aforesaid decision has no impact on the issue involved in this appeal. Similarly, in MAXOPP Investment Ltd., supra the Supreme Court has dealt with Section 14A of the Act and has not dealt

SHRIRAM CAPITAL LTD,CHENNAI vs. DCIT, CORP CIR-6(1), CHENNAI

In the result, both the appeals filed by the assessee are allowed and the appeals filed by the Revenue are dismissed

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.3168 & 3255/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 M/S. Shriram Capital Limited, The Deputy Commissioner Of Vs. Shriram House, 1St Floor, No. 4, Income Tax, Burkit Road, T. Nagar, Corporate Circle 6(1), Chennai 600 017. Chennai 600 034. [Pan:Aabcs2726B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. Nos.3216 & 3217/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 The Deputy Commissioner Of Vs. M/S. Shriram Capital Limited, Shriram House, 1St Floor, No. 4, Income Tax, Corporate Circle 6(1), Burkit Road, T. Nagar, Chennai 600 034. Chennai 600 017. (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri R. Sivaraman, Advocate Department By Shri Darzakhum Songate, Cit : सुनवाई की तारीख/ Date Of Hearing : 03.01.2022 घोषणा की तारीख /Date Of Pronouncement : 18.02.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Assessee As Well As Revenue Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 29.08.2018 Relevant To The 2

234C of the ct on failure to pay advance tax in respect of tax payable under Section 115JA/ 115JB of the Act and therefore, the aforesaid decision has no impact on the issue involved in this appeal. Similarly, in MAXOPP Investment Ltd., supra the Supreme Court has dealt with Section 14A of the Act and has not dealt

DCIT, CORP CIR-6(1), CHENNAI vs. SHRIRAM CAPITAL LTD, CHENNAI

In the result, both the appeals filed by the assessee are allowed and the appeals filed by the Revenue are dismissed

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.3168 & 3255/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 M/S. Shriram Capital Limited, The Deputy Commissioner Of Vs. Shriram House, 1St Floor, No. 4, Income Tax, Burkit Road, T. Nagar, Corporate Circle 6(1), Chennai 600 017. Chennai 600 034. [Pan:Aabcs2726B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. Nos.3216 & 3217/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 The Deputy Commissioner Of Vs. M/S. Shriram Capital Limited, Shriram House, 1St Floor, No. 4, Income Tax, Corporate Circle 6(1), Burkit Road, T. Nagar, Chennai 600 034. Chennai 600 017. (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri R. Sivaraman, Advocate Department By Shri Darzakhum Songate, Cit : सुनवाई की तारीख/ Date Of Hearing : 03.01.2022 घोषणा की तारीख /Date Of Pronouncement : 18.02.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Assessee As Well As Revenue Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 29.08.2018 Relevant To The 2

234C of the ct on failure to pay advance tax in respect of tax payable under Section 115JA/ 115JB of the Act and therefore, the aforesaid decision has no impact on the issue involved in this appeal. Similarly, in MAXOPP Investment Ltd., supra the Supreme Court has dealt with Section 14A of the Act and has not dealt

OMKARA ASSETS RECONSTRUCTION PVT. LTD.,,TIRUPUR vs. ITO, WARD - 1 (3),, TIRUPUR

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./Ita No.: 626/Chny/2020 िनधा"रण वष" / Assessment Year: 2016-17 M/S. Omkara Assets The Income Tax Officer, Reconstruction Pvt. Ltd., V. Ward - 1(3), No.57/29, Appachi Nagar Main Tirupur. Road, Kongu Nagar Extension, Tirupur – 641 607. Pan: Aabco 9884G (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri T. Banusekar, Ca ""यथ" क" ओर से/Respondent By : Shri G. Johnson, Addl.Cit सुनवाई क" तार"ख/Date Of Hearing : 03.05.2021 घोषणा क" तार"ख/Date Of Pronouncement : 14.06.2021

234C of the Act. 3. At the outset, we find that the appeal filed by the assessee is time barred by limitation i.e. 21 days and the assessee has filed necessary petition for condonation of delay along with affidavit explaining reason for delay in filing the 3 I.T.A. No.626 /CHNY/2020 appeal. The ld.AR submitted that the delay in filing

SMT. SUDHA EASHWAR,,CHENNAI vs. ITO, NCW - 14 (3),, CHENNAI

In the result, the appeal filed by the assessee in ITA

Bench: Shri George Mathan & Shri Ramit Kocharआयकर अपील सं./Ita No.2342/Chny/2019 "नधा"रण वष" /Assessment Year: 2014-15 V. Smt. Sudha Eashwar, The Income Tax Officer No.23A, P.T.Rajan Salai, Non-Corporate Ward-14(3) K.K.Nagar, Chennai Chennai-600 078. [Pan: Alxps 0601 D] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : None ""यथ" क" ओर से /Respondent By : Ms.Sumathi Venkatraman, Jcit सुनवाई क" तार"ख/Date Of Hearing : 09.10.2019 घोषणा क" तार"ख /Date Of Pronouncement : 02.01.2020 आदेश / O R D E R Per Ramit Kochar:

234C and 234D of the Act. 10.That the appellant craves the leave to add, modify, amend or delete any of the grounds of appeal at the time of hearing and all the above grounds are without prejudice to each other. The appellant prays that on the above grounds, the Hon. Income-tax Appellate tribunal may kindly delete the additions

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

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