SMT P.D.ANURADHA,COIMBATORE vs. ACIT, COIMBATORE

In the result, both the appeals of the Assessee in I

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

68(2) of the Finance Act, 1997 under the VDIS had been issued by the CIT, it was not permissible for the Assessing Officer to go behind such Certificate, but it is required to accept the same. Thus, the Assessee having included the amount of Rs.38,50,000 in the disclosure made under the VDIS 1997 he was rightly given

SMT P.D.ANURADHA,COIMBATORE vs. ACIT, COIMBATORE

In the result, both the appeals of the Assessee in I

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

68(2) of the Finance Act, 1997 under the VDIS had been issued by the CIT, it was not permissible for the Assessing Officer to go behind such Certificate, but it is required to accept the same. Thus, the Assessee having included the amount of Rs.38,50,000 in the disclosure made under the VDIS 1997 he was rightly given

THIRUVENGATAM VINAYAGAM,CHENNAI vs. ITO, NCW-10(3), CHENNAI

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

Bench: Shri Manu Kumar Giri & Shri Jagadish

section 68 of the Act. 14. The learned CIT(A) has erred in confirming the addition towards disallowance u/s 40(a)(ia) (interest paid without deduction of TDS) of the act amounting to Rs.1,57,311/-. 15. The learned CIT(A) has erred in confirming the addition towards disallowance u/s 40(a)(ia) (Professional Charges) of the act amounting

ACIT NON CORP CIRCLE 1 (1) FORMERLY KNOWN AS BUSINESS CIRCLE 1, CHENNAI vs. M/S DEOLITE HASKINS & SELLS, CHENNAI

Bench: Shri Joginder Singh & Shri A.Mohan Alankamony

269 ITR 412,418-19 (Raj), where the return of the assessee for assessment year 1995-96 was processed under section 143(1)(a) accepting the net profit rate declared by the assessee, who carried on con- tract business, initiation of reassessment proceedings by issuing a notice dated 15- 5-2001 proposing to ITA Nos.2578 to 2580/chny/2017 :- 38 -: C.O.Nos

ACIT NON CORP CIRCLE 1 (1) FORMERLY KNOWN AS BUSINESS CIRCLE 1, CHENNAI vs. M/S DEOLITE HASKINS & SELLS, CHENNAI

Bench: Shri Joginder Singh & Shri A.Mohan Alankamony

269 ITR 412,418-19 (Raj), where the return of the assessee for assessment year 1995-96 was processed under section 143(1)(a) accepting the net profit rate declared by the assessee, who carried on con- tract business, initiation of reassessment proceedings by issuing a notice dated 15- 5-2001 proposing to ITA Nos.2578 to 2580/chny/2017 :- 38 -: C.O.Nos

ACIT NON CORP CIRCLE 1 (1) FORMERLY KNOWN AS BUSINESS CIRCLE 1, CHENNAI vs. M/S DEOLITE HASKINS & SELLS, CHENNAI

Bench: Shri Joginder Singh & Shri A.Mohan Alankamony

269 ITR 412,418-19 (Raj), where the return of the assessee for assessment year 1995-96 was processed under section 143(1)(a) accepting the net profit rate declared by the assessee, who carried on con- tract business, initiation of reassessment proceedings by issuing a notice dated 15- 5-2001 proposing to ITA Nos.2578 to 2580/chny/2017 :- 38 -: C.O.Nos

SAI TELECOM,CHENNAI vs. ITO NON CORPORATE WARD 3(3), CHENNAI

In the result, the appeal of the assessee is partly allowed

Bench: Shri Mahavir Singhand Shri Manjunatha. Gआयकर अपील सं./Ita No.2534/Chny/2017 िनधा"रण वष" /Assessment Year: 2012-13 M/S. Sai Telecom, The Income Tax Officer, No.407, 4Th Floor, Kaveri Complex, Vs. Non Corporate Ward-3(3), Nungambakkam, Chennai. Chennai – 600 034. [Pan: Abrfs-4178-F] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri N. Arjun Raj, C.A ""यथ" क" ओर से /Respondent By : Shri Arv Sreenivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 24.07.2023 घोषणा क" तारीख /Date Of Pronouncement : 15.09.2023

68 of the Act. Accordingly, the addition is confirmed. Even otherwise also if the loan was found to be genuine, the same would have attracted the penal provisions of section 271D r.w.s. 269

MANJU DEVI,CHENNAI vs. ITO NON CORPORATE WARD 5(3), CHENNAI

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

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./I.T.A. No. 3465/Chny/2019 िनधा"रण वष"/Assessment Year: 2013-14 Smt. Manju Devi, The Income Tax Officer, No. 10/2, Devaraja Mudali Street, Vs. Non Corporate Ward 5(3), Park Town, Chennai 600 003. Chennai 600 006. [Pan:Ahxpm0184F] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : None ""थ" की ओर से/Respondent By : Shri J. Pavitran Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 19.10.2020 घोषणा की तारीख /Date Of Pronouncement : 04.12.2020 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) 5, Chennai, Dated 10.10.2019 Relevant To The Assessment Year 2013-14. The Only Effective Ground Raised In The Appeal Of The Assessee Is With Regard To The Confirmation Of Disallowance Of Exemption Claimed Of ₹.4,97,269/- Under Section 10(38) Of The Income Tax Act, 1961 [“Act” In Short].

269/- under section 10(38) of the Income Tax Act, 1961 [“Act” in short]. 2. Brief facts of the case are that the assessee has filed the return of income for the assessment year 2013-14 on 22.09.2013 declaring total 2 I.T.A. No. 3465/Chny/19 income of ₹. 4,14,490/- and the same was processed under section

CROWN PLASTO PACK,CHENNAI vs. ACIT, CHENNAI

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

Bench: Shri A. Mohan Alankamony

68 of the Income Tax Act 1961 without appreciating the fact that it’s normal in any trade to take advances from parties against the orders booked. Moreover the cash advances were from various customers wherein the advance amount from a particular customer did not exceed Rs 20,000/-. Thus not violating the provision of section 269

SHRI JANARDHANAM BALAJI,,THIRUVALLUR vs. ITO, THIRUVALLUR

In the result, appeals of the assessee stand dismissed

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

269'55 and Section 269T of the Act’’. 5. Now before us, ld. Authorised Representative assailing the penalty orders, submitted that penalty proceedings were initiated by the ld. Assessing Officer during the course of assessment proceedings and this was specifically noted by the ld. Assessing Officer in the assessment order. Relying on the judgment of Hon’ble Calcutta High

JANARDHANAM BALAJI,THIRUVALLUR vs. ITO, THIRUVALLUR

In the result, appeals of the assessee stand dismissed

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

269'55 and Section 269T of the Act’’. 5. Now before us, ld. Authorised Representative assailing the penalty orders, submitted that penalty proceedings were initiated by the ld. Assessing Officer during the course of assessment proceedings and this was specifically noted by the ld. Assessing Officer in the assessment order. Relying on the judgment of Hon’ble Calcutta High

ANUJA RAJESH BAJAJ,CHENNAI vs. ITO, CORPORATE WARD-1(2), CHENNAI

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

Bench: Shri George George K

section 68 is not applicable and hence the addition made under sec, 68 is incorrect 3. Brief facts of the case are as follows:- The assessee, an individual had filed her return of income for assessment year 2010-11 on 31.03.2011 declaring total income of Rs.12,31,269

AMIT KAPOOR,CHENNAI vs. CIT, EXEMPTIONS, CHENNAI, CHENNAI

Bench: Shri Aby T. Varkey & Shri S.R.Raghunathaआयकर अपील सं./Ita No.1415/Chny/2023 िनधा"रण वष"/Assessment Year: 2017-18 V. Shri Samiappagounder Dharmaraj, The Addl.Cit, 56/88, Rayapuram Extension, Range-1, 1St Street, Tirupur. Tirupur-641 601. [Pan: Adypd 3863 F] (अपीलाथ"/Appellant) (""यथ"/Respondent)

68,910/- and Rs.2,52,180/- in two different jewel loan account on 08.11.2016 for the release of jewellery, for which, source of the same was explained to his satisfaction. Therefore, the AO completed the assessment u/s.144 of the Act by accepting the income viz., assessed income Rs.4,76,901/- + Rs.5,26,386/- (LTCG) + Rs.1,00,000/- (agricultural) by assessment

SAMIAPPAGOUNDER DHARMARAJ,TIRUPUR vs. ADDL. CIT,RANGE-1, TIRUPUR, TIRUPUR

Bench: Shri Aby T. Varkey & Shri S.R.Raghunathaआयकर अपील सं./Ita No.1415/Chny/2023 िनधा"रण वष"/Assessment Year: 2017-18 V. Shri Samiappagounder Dharmaraj, The Addl.Cit, 56/88, Rayapuram Extension, Range-1, 1St Street, Tirupur. Tirupur-641 601. [Pan: Adypd 3863 F] (अपीलाथ"/Appellant) (""यथ"/Respondent)

68,910/- and Rs.2,52,180/- in two different jewel loan account on 08.11.2016 for the release of jewellery, for which, source of the same was explained to his satisfaction. Therefore, the AO completed the assessment u/s.144 of the Act by accepting the income viz., assessed income Rs.4,76,901/- + Rs.5,26,386/- (LTCG) + Rs.1,00,000/- (agricultural) by assessment

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

269 towards cost of cement and steel and in aggregate disallowed an expenditure of Rs.10,70.673. We noted that one of 49 I.T.A. Nos.2275-2281/Chny/2019 & the objectives of the company is "to establish and carry-on educational institution, schools and/or colleges where students may obtain on moderate terms a sound religious, musical, ethical, classical, mathematical, technical and general education of highest

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

269 towards cost of cement and steel and in aggregate disallowed an expenditure of Rs.10,70.673. We noted that one of 49 I.T.A. Nos.2275-2281/Chny/2019 & the objectives of the company is "to establish and carry-on educational institution, schools and/or colleges where students may obtain on moderate terms a sound religious, musical, ethical, classical, mathematical, technical and general education of highest

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

269 towards cost of cement and steel and in aggregate disallowed an expenditure of Rs.10,70.673. We noted that one of 49 I.T.A. Nos.2275-2281/Chny/2019 & the objectives of the company is "to establish and carry-on educational institution, schools and/or colleges where students may obtain on moderate terms a sound religious, musical, ethical, classical, mathematical, technical and general education of highest

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

269 towards cost of cement and steel and in aggregate disallowed an expenditure of Rs.10,70.673. We noted that one of 49 I.T.A. Nos.2275-2281/Chny/2019 & the objectives of the company is "to establish and carry-on educational institution, schools and/or colleges where students may obtain on moderate terms a sound religious, musical, ethical, classical, mathematical, technical and general education of highest

M/S. V.V.VANNIAPERUMAL & SONS,VIRUDHUNAGAR vs. PCIT-2, CHENNAI, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

269 towards cost of cement and steel and in aggregate disallowed an expenditure of Rs.10,70.673. We noted that one of 49 I.T.A. Nos.2275-2281/Chny/2019 & the objectives of the company is "to establish and carry-on educational institution, schools and/or colleges where students may obtain on moderate terms a sound religious, musical, ethical, classical, mathematical, technical and general education of highest