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11 results for “section 68”+ Section 292Bclear

Sorted by relevance

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Key Topics

Section 14735Section 153C19Section 143(3)11Addition to Income11Section 143(2)10Disallowance9Section 143(1)7Section 143(3)(ii)7Section 36(1)(viia)7

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\nappeal filed by the Revenue is dismissed

ITA 1044/CHNY/2023[AY 2019-20]Status: DisposedITAT Chennai18 Sept 2024
Section 127Section 132Section 143(2)Section 143(3)Section 153C

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

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

In the result, appeal filed by the assessee stands allowed and appeal filed by the Revenue is dismissed

Section 1487
Deduction7
Reassessment7
ITA 1103/CHNY/2023[2019-20]Status: DisposedITAT Chennai18 Sept 2024AY 2019-20

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.1044/Chny/2023 िनधा"रण वष"/Assessment Year: 2019-20 V. Shri Bondalapati Shivaji Rao, The Dcit, 121, Shankar Nagar, M.G. Road, Central Circle-1(2), Pammal, Chennai-600 075. Chennai. [Pan: Aahpb 0083 D] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No.1103/Chny/2023 िनधा"रण वष"/Assessment Year: 2019-20 V. The Dcit, Shri Bondalapati Shivaji Rao, Central Circle-1(2), 121, Shankar Nagar, Chennai. M.G. Road, Pammal, Chennai-600 075. [Pan: Aahpb 0083 D] (अपीलाथ"/Appellant) (""थ"/Respondent)

For Appellant: Shri B. Ramakrishnan, FCAFor Respondent: Shri V. Nandakumar, CIT
Section 127Section 132Section 143(2)Section 143(3)Section 153C

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

The appeal of the assessee is allowed

ITA 2917/CHNY/2024[2017-18]Status: DisposedITAT Chennai08 May 2025AY 2017-18
Section 115BSection 143(2)Section 143(3)Section 234BSection 292BSection 69A

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

V.RAJENDRABABU,CHENNAI vs. ITO, CHENNAI

In the result, appeal of the assessee stands dismissed

ITA 141/CHNY/2017[2009-2010]Status: DisposedITAT Chennai27 Apr 2017AY 2009-2010

Bench: Shri Abraham P. George]

For Appellant: Shri. K. Meenakshi Sundaram, ITPFor Respondent: Shri. Murali Mohan, JCIT
Section 68

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

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

ITA 2645/CHNY/2019[2016-17]Status: DisposedITAT Chennai18 Oct 2023AY 2016-17

Bench: Shri Mahavir Singh & Shri Manjunatha.G

For Appellant: Shri K. Ravi, AdvocateFor Respondent: Shri N.B. Som, CIT
Section 143(1)Section 143(2)Section 143(3)Section 143(3)(ii)Section 147Section 148Section 36(1)(viia)

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

ITA 858/CHNY/2020[2009-10]Status: DisposedITAT Chennai18 Oct 2023AY 2009-10

Bench: Shri Mahavir Singh & Shri Manjunatha.G

For Appellant: Shri K. Ravi, AdvocateFor Respondent: Shri N.B. Som, CIT
Section 143(1)Section 143(2)Section 143(3)Section 143(3)(ii)Section 147Section 148Section 36(1)(viia)

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

ITA 857/CHNY/2020[2008-09]Status: DisposedITAT Chennai18 Oct 2023AY 2008-09

Bench: Shri Mahavir Singh & Shri Manjunatha.G

For Appellant: Shri K. Ravi, AdvocateFor Respondent: Shri N.B. Som, CIT
Section 143(1)Section 143(2)Section 143(3)Section 143(3)(ii)Section 147Section 148Section 36(1)(viia)

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 COOPERTATIVE BANK LTD.,,VILLUPURAM vs. DCIT, VILLUPURAM CIRCLE,, VILLUPURAM

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

ITA 854/CHNY/2020[2010-11]Status: DisposedITAT Chennai18 Oct 2023AY 2010-11

Bench: Shri Mahavir Singh & Shri Manjunatha.G

For Appellant: Shri K. Ravi, AdvocateFor Respondent: Shri N.B. Som, CIT
Section 143(1)Section 143(2)Section 143(3)Section 143(3)(ii)Section 147Section 148Section 36(1)(viia)

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

ITA 855/CHNY/2020[2011-12]Status: DisposedITAT Chennai18 Oct 2023AY 2011-12

Bench: Shri Mahavir Singh & Shri Manjunatha.G

For Appellant: Shri K. Ravi, AdvocateFor Respondent: Shri N.B. Som, CIT
Section 143(1)Section 143(2)Section 143(3)Section 143(3)(ii)Section 147Section 148Section 36(1)(viia)

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

ITA 981/CHNY/2020[2008-09]Status: DisposedITAT Chennai18 Oct 2023AY 2008-09

Bench: Shri Mahavir Singh & Shri Manjunatha.G

For Appellant: Shri K. Ravi, AdvocateFor Respondent: Shri N.B. Som, CIT
Section 143(1)Section 143(2)Section 143(3)Section 143(3)(ii)Section 147Section 148Section 36(1)(viia)

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

ITA 856/CHNY/2020[202-13]Status: DisposedITAT Chennai18 Oct 2023

Bench: Shri Mahavir Singh & Shri Manjunatha.G

For Appellant: Shri K. Ravi, AdvocateFor Respondent: Shri N.B. Som, CIT
Section 143(1)Section 143(2)Section 143(3)Section 143(3)(ii)Section 147Section 148Section 36(1)(viia)

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