BONDALAPATI SHIVAJI RAO,CHENNAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(2), CHENNAI, CHENNAI

In the result, appeal filed by the assessee stands allowed and

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1044/Chny/2023 निर्धारण वर्ष/Assessment Year: 2019-20 Shri Bondalapati Shivaji Rao, 121, Shankar Nagar, M.G. Road, Pammal, Chennai-600 075. [Pan: Aahpb 0083 D] (अपीलार्थी/Appellant) The Dcit, Central Circle-1(2), Chennai. (अपीलार्थी/Appellant) V. The Dcit, Central Circle-1(2), Chennai. (प्रत्यर्थी/Respondent) आयकर अपील सं./Ita No.1103/Chny/2023 निर्धारण वर्ष/Assessment Year: 2019-20 V. Shri Bondalapati Shivaji Rao, 121, Shankar Nagar, M.G. Road, Pammal, Chennai-600 075. [Pan: Aahpb 0083 D] (प्रत्यर्थी/Respondent) Assessee By : Shri B. Ramakrishnan, Fca Shri S. Dwarakesh, Ca Shri Shrenik Chordia, Ca Department By : Shri V. Nandakumar, Cit सुनवाईकीतारीख/Date Of Hearing : 08.08.2024 घोषणाकीतारीख /Date Of Pronouncement : 18.09.2024 आदेश / Order Per Aby T. Varkey, Jm: These Appeals Preferred By The Assessee & The Revenue Are Against The Order Of The Learned Commissioner Of Income Tax (Appeals)- 18, Chennai (Hereinafter In Short `The Ld.Cit(A)') Dated 26.07.2023 Passed For Assessment Year (Hereinafter In Short `Ay') 2019-20.

68) rendered on similar facts and circumstances, wherein also the assessment order was quashed by this Tribunal, by holding as under: - "4. We have heard the Learned Representatives of both the parties. Learned Counsel for the Assessee submitted that A.O. should have passed the assessment order under section 153C since satisfaction note was prepared

CHINNAMUNIYAPPA VENKATESH,HOSUR vs. ITO, WARD-1,, HOSUR

In the result, the appeal of the assesse is allowed

68 and 69 but passed the final order under Section 69A, violating principles of natural justice. The learned CIT(A) further erred in justifying this procedural lapse by invoking Section 292B

V.RAJENDRABABU,CHENNAI vs. ITO, CHENNAI

In the result, appeal of the assessee stands dismissed

Bench: Shri Abraham P. George]

section. Even otherwise such a mistake could be cured by Sec. 292B of the Act. Now coming to the cases relied on by the ld. Authorised 7. Representative. In the cases of Anand Ram Raithani (supra) decided by the Hon’ble High Court of Gujarat, the addition u/s. 68

THE VILLUPURAM DISTRICT CENTRAL COOPERTATIVE BANK LTD.,,VILLUPURAM vs. DCIT, VILLUPURAM CIRCLE,, VILLUPURAM

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

68,90,000/- Advances Less : Advances relating to Non-rural branches : Rs. 36,71,13,000/- (as discussed above) Rs.1,41,97,77,000/- ii) 10% of Aggregate Average Rs.14,19,77,700/- Advances Total Deduction u/s.36(viia)(a) 14,95,14,257/- Taxable Income (determined) Loss Rs.4,90,26,827/- Aggrieved, assessee preferred appeal before

THE VILLUPURAM DISTRICT CENTRAL COOPERATIVE BANK LTD.,,VILLUPURAM vs. DCIT, VILLUPURAM CIRCLE,, VILLUPURAM

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

68,90,000/- Advances Less : Advances relating to Non-rural branches : Rs. 36,71,13,000/- (as discussed above) Rs.1,41,97,77,000/- ii) 10% of Aggregate Average Rs.14,19,77,700/- Advances Total Deduction u/s.36(viia)(a) 14,95,14,257/- Taxable Income (determined) Loss Rs.4,90,26,827/- Aggrieved, assessee preferred appeal before

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, CUDDALLORE vs. M/S VILLUPURAM DISTRICT CENTRAL COOPERATIVE BANK LTD., VILLUPURAM

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

68,90,000/- Advances Less : Advances relating to Non-rural branches : Rs. 36,71,13,000/- (as discussed above) Rs.1,41,97,77,000/- ii) 10% of Aggregate Average Rs.14,19,77,700/- Advances Total Deduction u/s.36(viia)(a) 14,95,14,257/- Taxable Income (determined) Loss Rs.4,90,26,827/- Aggrieved, assessee preferred appeal before

THE VILLUPURAM DISTRICT CENTRAL COOPERATIVE BANK LTD.,,VILLUPURAM vs. DCIT, VILLUPURAM CIRCLE,, VILLUPRUAM

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

68,90,000/- Advances Less : Advances relating to Non-rural branches : Rs. 36,71,13,000/- (as discussed above) Rs.1,41,97,77,000/- ii) 10% of Aggregate Average Rs.14,19,77,700/- Advances Total Deduction u/s.36(viia)(a) 14,95,14,257/- Taxable Income (determined) Loss Rs.4,90,26,827/- Aggrieved, assessee preferred appeal before

THE CUDDALORE DISTRICT CENTRAL CO-OP BANK LTD.,CUDDALORE vs. DCIT CUDDALORE CIRCLE, CUDDALORE

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

68,90,000/- Advances Less : Advances relating to Non-rural branches : Rs. 36,71,13,000/- (as discussed above) Rs.1,41,97,77,000/- ii) 10% of Aggregate Average Rs.14,19,77,700/- Advances Total Deduction u/s.36(viia)(a) 14,95,14,257/- Taxable Income (determined) Loss Rs.4,90,26,827/- Aggrieved, assessee preferred appeal before

THE VILLUPURAM DISTRICT CENTRAL COOPERATIVE BANK LTD.,,VILLUPURAM vs. ACIT, CIRCLE-I,, CUDDALORE

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

68,90,000/- Advances Less : Advances relating to Non-rural branches : Rs. 36,71,13,000/- (as discussed above) Rs.1,41,97,77,000/- ii) 10% of Aggregate Average Rs.14,19,77,700/- Advances Total Deduction u/s.36(viia)(a) 14,95,14,257/- Taxable Income (determined) Loss Rs.4,90,26,827/- Aggrieved, assessee preferred appeal before

THE VILLUPURAM DISTRICT CENTRAL COOPERATIVE BANK LTD.,,VILLUPURAM vs. ACIT, CIRCLE-II,, CUDDALORE

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

Bench: Shri Mahavir Singh & Shri Manjunatha.G

68,90,000/- Advances Less : Advances relating to Non-rural branches : Rs. 36,71,13,000/- (as discussed above) Rs.1,41,97,77,000/- ii) 10% of Aggregate Average Rs.14,19,77,700/- Advances Total Deduction u/s.36(viia)(a) 14,95,14,257/- Taxable Income (determined) Loss Rs.4,90,26,827/- Aggrieved, assessee preferred appeal before