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21 results for “section 68”+ Section 69Dclear

Sorted by relevance

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Key Topics

Section 6842Section 6926Addition to Income21Section 133A15Section 115B15Section 69A13Survey u/s 133A13Section 143(3)9Section 69B9Section 132

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

ITA 2410/CHNY/2019[2014-15]Status: DisposedITAT Chennai09 Jun 2021AY 2014-15

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

For Appellant: Shri G. Srinivasa Rao, CIT-DRFor Respondent: Shri V. Nagaprasad, Advocate
Section 133ASection 44ASection 68

sections 68, 69, 69A to 69D etc. 6.1.14 Normally the unaccounted income generated will be invested by the assessees

Showing 1–20 of 21 · Page 1 of 2

8
Unexplained Investment7
Undisclosed Income5

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

ITA 2408/CHNY/2019[2012-13]Status: DisposedITAT Chennai09 Jun 2021AY 2012-13

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

For Appellant: Shri G. Srinivasa Rao, CIT-DRFor Respondent: Shri V. Nagaprasad, Advocate
Section 133ASection 44ASection 68

sections 68, 69, 69A to 69D etc. 6.1.14 Normally the unaccounted income generated will be invested by the assessees

ITO, NCW - I (4),, CHENNAI vs. SHRI KANAKILLIYANALLUR NARAYANAN NEHRU,, CHENNAI

In the result, appeal filed by the Revenue for Asst

ITA 2825/CHNY/2019[2016-17]Status: DisposedITAT Chennai09 Jun 2021AY 2016-17

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

For Appellant: Shri G. Srinivasa Rao, CIT-DRFor Respondent: Shri V. Nagaprasad, Advocate
Section 133ASection 44ASection 68

sections 68, 69, 69A to 69D etc. 6.1.14 Normally the unaccounted income generated will be invested by the assessees

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

ITA 2409/CHNY/2019[2013-14]Status: DisposedITAT Chennai09 Jun 2021AY 2013-14

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

For Appellant: Shri G. Srinivasa Rao, CIT-DRFor Respondent: Shri V. Nagaprasad, Advocate
Section 133ASection 44ASection 68

sections 68, 69, 69A to 69D etc. 6.1.14 Normally the unaccounted income generated will be invested by the assessees

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

ITA 2411/CHNY/2019[2015-16]Status: DisposedITAT Chennai09 Jun 2021AY 2015-16

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

For Appellant: Shri G. Srinivasa Rao, CIT-DRFor Respondent: Shri V. Nagaprasad, Advocate
Section 133ASection 44ASection 68

sections 68, 69, 69A to 69D etc. 6.1.14 Normally the unaccounted income generated will be invested by the assessees

DICT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. M/S. GSNR RICE INDUSTRIES PVT. LTD.,, CHENNAI

In the result, appeal filed by the Revenue for Asst

ITA 2407/CHNY/2019[2011-12]Status: DisposedITAT Chennai09 Jun 2021AY 2011-12

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

For Appellant: Shri G. Srinivasa Rao, CIT-DRFor Respondent: Shri V. Nagaprasad, Advocate
Section 133ASection 44ASection 68

sections 68, 69, 69A to 69D etc. 6.1.14 Normally the unaccounted income generated will be invested by the assessees

DCIT, CORPORATE CIRCLE - 2 (1),, CHENNAI vs. SHRI KANAKKILIANALLUR NARAYANA REDDIYAR MANIVANNAN,, TIRUPUR

In the result, appeal filed by the Revenue for Asst

ITA 2406/CHNY/2019[2016-17]Status: DisposedITAT Chennai09 Jun 2021AY 2016-17

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 2407, 2408, 2409, 2410 & 2411/Chny/2019 िनधा"रण वष" / Assessment Years: 2011-12, 2012-13, 2013-14, 2014-15 & 2015-16 The Dcit, M/S. Gsnr Rice Industries Corporate Circle – 2(1), V. Pvt. Ltd., Chennai. (Formerly Known As M/S. Snr Rice Industries Pvt. Ltd.,) No.21, C V Raman Raod, Alwarpet, Chennai – 600 018. Pan: Aamcs 5834P

For Appellant: Shri G. Srinivasa Rao, CIT-DRFor Respondent: Shri V. Nagaprasad, Advocate
Section 133ASection 44ASection 68

sections 68, 69, 69A to 69D etc. 6.1.14 Normally the unaccounted income generated will be invested by the assessees

DCIT, CHENNAI vs. JAGATHRAKSKAN SRINISHA, CHENNAI

In the result, the appeals filed by the Revenue in I

ITA 1253/CHNY/2025[2017-18]Status: DisposedITAT Chennai18 Nov 2025AY 2017-18

Bench: Shri Aby T Varkey & Shri S.R.Raghunathaआयकर अपील सं./Ita Nos.: 1253, 1264 & 1271/Chny/2025 निर्धारण वर्ष / Assessment Year: 2017-18 Dcit, Central Circle -2(3), Chennai. (अपीलार्थी/Appellant) Vs. Jagathrakshakan Srinisha, 1St Main Road, Adyar, Besant Nagar, Chennai - 600 020. Tamil Nadu. [Pan: Abfps-1422-E] (प्रत्यर्थी/Respondent) निर्धारिती की ओर से/Assessee By : Shri. B. Ramakrishnan, Fca & Shri. Shrenik Chordia, Ca. राजस्व की ओर से / Revenue By : Shri. C.N. Bipin, C.I.T. सुनवाई की तारीख /Date Of Hearing : 07.11.2025 घोषणा की तारीख/Date Of Pronouncement : 18.11.2025 आदेश /Order Per S.R.Raghunatha, Am: The Present Appeal Is Preferred By The Revenue Against The Order Dated 06.02.2025 Passed By The Commissioner Of Income Tax (Appeals)-19 (Hereinafter Referred To As Ld.Cit(A), Chennai, In Respect Of The Assessment Order Dated 01.03.2019 Passed By The Deputy Commissioner Of Income Tax, Central Circle -2(3) (Hereinafter Referred To As Ao) For The Assessment Year 2017-18 (Hereinafter Referred To As The Impugned Assessment Year) U/S.143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As The Act). :-2-:

For Appellant: Shri. B. Ramakrishnan, FCA &For Respondent: Shri. C.N. Bipin, C.I.T
Section 131Section 132Section 143(3)Section 154Section 270A

68, section 69, section 69A, section 69B, section 69C or section 69D for any previous

KARTHICK NATARAJAN,MADURAI vs. DCIT, INTNL TAXN CIRCLE, MADURAI

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

ITA 382/CHNY/2023[2017-18]Status: DisposedITAT Chennai11 Jul 2023AY 2017-18

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

For Appellant: Shri T. Vasudevan, AdvocateFor Respondent: Shri D. Hema Bhupal, JCIT
Section 143(2)Section 143(3)Section 56(1)(vii)Section 69Section 69A

68, section 69, section 69A, section 69B, section 69C or section 69D and reflected in the return

SUMERMAL KANTILAL JAIN,CHENNAI vs. ACIT, CENTRAL CIRCLE-1, CHENNAI

In the result, appeals filed by both the assessees in ITA

ITA 1012/CHNY/2022[2021-22]Status: DisposedITAT Chennai19 Apr 2023AY 2021-22

Bench: Shri V. Durga Rao, Hon’Ble & Dr. Manish Borad, Hon’Bleआयकर अपील सं./Ita No.: 1011/Chny/2022 िनधा"रण वष" / Assessment Year: 2021-22 Gautham Chand Jain, Assistant Commissioner Of No. 13, 3Rd Street, V. Income Tax, Balgota Villa, Central Circle 1(1), Sambier Street, Gandhi Salai, Chennai -600 034. Seven Wells, Sowcarpet, Chennai – 600 001. [Pan: Aahpg-0295-J] आयकर अपील सं./Ita No.: 1012/Chny/2022 िनधा"रण वष" / Assessment Year: 2021-22 Sumermal Kantilal Jain, Assistant Commissioner Of 104/A6, Govindappa Naicken V. Income Tax, Street, George Town, Central Circle 1(1), Chennai – 600 001. Chennai -600 034. [Pan: Aaopj-1866-H] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Dr. Ca. Abhishek Murali, Fca ""यथ" क" ओर से/Respondent By : Shri. P. Sajit Kumar, Jcit सुनवाई की तारीख/Date Of Hearing : 17.04.2023 घोषणा की तारीख/Date Of Pronouncement : 19.04.2023

For Appellant: Dr. CA. Abhishek Murali, FCAFor Respondent: Shri. P. Sajit Kumar, JCIT
Section 132Section 143(3)Section 153ASection 69A

68, section 69, section 69A, section 69B, section 69C or section 69D and reflected in the return

GAUTHAM CHAND JAIN,CHENNAI vs. ACIT, CHENNAI

In the result, appeals filed by both the assessees in ITA

ITA 1011/CHNY/2022[2021-22]Status: DisposedITAT Chennai19 Apr 2023AY 2021-22

Bench: Shri V. Durga Rao, Hon’Ble & Dr. Manish Borad, Hon’Bleआयकर अपील सं./Ita No.: 1011/Chny/2022 िनधा"रण वष" / Assessment Year: 2021-22 Gautham Chand Jain, Assistant Commissioner Of No. 13, 3Rd Street, V. Income Tax, Balgota Villa, Central Circle 1(1), Sambier Street, Gandhi Salai, Chennai -600 034. Seven Wells, Sowcarpet, Chennai – 600 001. [Pan: Aahpg-0295-J] आयकर अपील सं./Ita No.: 1012/Chny/2022 िनधा"रण वष" / Assessment Year: 2021-22 Sumermal Kantilal Jain, Assistant Commissioner Of 104/A6, Govindappa Naicken V. Income Tax, Street, George Town, Central Circle 1(1), Chennai – 600 001. Chennai -600 034. [Pan: Aaopj-1866-H] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Dr. Ca. Abhishek Murali, Fca ""यथ" क" ओर से/Respondent By : Shri. P. Sajit Kumar, Jcit सुनवाई की तारीख/Date Of Hearing : 17.04.2023 घोषणा की तारीख/Date Of Pronouncement : 19.04.2023

For Appellant: Dr. CA. Abhishek Murali, FCAFor Respondent: Shri. P. Sajit Kumar, JCIT
Section 132Section 143(3)Section 153ASection 69A

68, section 69, section 69A, section 69B, section 69C or section 69D and reflected in the return

HUSSAIN MOHIDEEN IBRAHIM SHA,CHENNAI vs. JACIT, CHENNAI

In the result, the appeal of the assessee is allowed

ITA 449/CHNY/2017[2008-09]Status: DisposedITAT Chennai16 Feb 2021AY 2008-09

Bench: Shri Mahavir Singhand Shri G. Manjunatha

For Appellant: Shri Y. Sridhar, CAFor Respondent: Shri G. Chandrababu, Addl.CIT
Section 115BSection 11BSection 133ASection 143(3)

68 or section 69 or section 69A or section 69B or section 69C or section 69D

UMA MAHESWARI,CHENNAI vs. ACIT, NCC-7(1), CHENNAI

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

ITA 2858/CHNY/2025[2017-18]Status: DisposedITAT Chennai18 Feb 2026AY 2017-18

Bench: Shri Aby T. Varkey & Shri S.R.Raghunatha

For Appellant: Mr.D. Anand, AdvocateFor Respondent: Mr.K. Iliayaraja, Addl.CIT
Section 115BSection 139(1)Section 147Section 148Section 271ASection 69A

sections 68 to 69D cannot be subjected to the amended rigours of section 115BBE, including the enhanced rate

SHRI SURESH OGADRAM ,CHENNAI vs. DCIT , CHENNAI

In the result, the appeal of the assessee is allowed

ITA 826/CHNY/2022[2019-2020]Status: DisposedITAT Chennai31 Oct 2023AY 2019-2020

Bench: Shri Manjunatha. G & Shri Manomohan Dasआयकर अपील सं./Ita No.826/Chny/2022 िनधा(रण वष( /Assessment Year: 2019-20 Shri Suresh Ogadram, The Dy. Commissioner Of No.1/33-D, Vs. Income Tax, Old Mahabalipuram Road, Central Circle-3(3), Keelambakkam, Chennai. Chennai – 603 103. [Pan: Alkps-2984-C] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri N. Arjun Raj, C.A ""यथ" क" ओर से /Respondent By : Shri V. Nandakumar, Cit सुनवाई क" तारीख/Date Of Hearing : 27.09.2023 घोषणा क" तारीख /Date Of Pronouncement : 31.10.2023 आदेश / O R D E R

For Appellant: Shri N. Arjun Raj, C.A ""For Respondent: Shri V. Nandakumar, CIT
Section 115Section 133ASection 142(1)Section 143(2)Section 69ASection 69B

Sections 68 to 69D of the Act as applicable to the type of income and has been rightly taxed

ACIT NON CORPORATE CIRCLE 20(1), CHENNAI vs. RAMCHARAN TEJ KONIDALA, CHENNAI

In the result, appeal filed by the Revenue is dismissed

ITA 2074/CHNY/2018[2009-10]Status: DisposedITAT Chennai28 Apr 2021AY 2009-10

Bench: Shri Mahavir Singh, Vice- & Shri G.Manjunathaआयकरअपीलसं./I.T.A.No.2074/Chny/2018 ("नधा"रणवष" / Assessment Year: 2009-10) The Assistant Commissioner Of Income Vs Mr. Ramcharan Tej Konidala, Tax, 98, Kamdar Nagar, Non-Corporate Circle-20(1) Mahalingapuram, Chennai. Chennai-600 034. Pan: Alipk 5347D (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 139Section 143(3)Section 147Section 148

sections 68, 69, 69A to 69D of the Act have provided for certain deeming provisions, where, an assumption of income

ACIT, CENTRAL CIRCLE-2, MADURAI, MADURAI vs. VIBGYOR NET CONNECTIONS, KARNATAKA

In the result, appeal filed by the Revenue is dismissed

ITA 631/CHNY/2023[2016-17]Status: DisposedITAT Chennai19 Jan 2024AY 2016-17

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha.G, Hon’Bleआयकर अपील सं./Ita No.631/Chny/2023 िनधा"रण वष"/Assessment Year: 2016-17 & Cross-Objection No.29/Chny/2023 िनधा"रण वष"/Assessment Year: 2016-17

For Respondent: Shri. Nilay Baran Som, CIT
Section 132Section 69A

sections 68, 69, 69 A to 69D have provided for certain deeming provisions, where art assumption of income is raised

SARANGABANI KIRUBAGARAN,CHENNAI vs. DCIT, CIRCLE-1(2), CHENNAI

The appeal stand allowed in terms of our above order

ITA 1236/CHNY/2023[2013-14]Status: DisposedITAT Chennai04 Sept 2024AY 2013-14

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1236/Chny/2023 (िनधा)रण वष) / Assessment Year: 2013-14) Shri Sarangabani Kirubakaran Dcit बनाम/ 17/6, First Pillayar Koil Street, Circle-1(2) Vs. Ekkatuthangal, Chennai-600 032. Chennai. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Bumpk-0892-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Ms.T.V. Muthu Abirami (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Nilay Baran Som (Cit) -Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 25-07-2024 घोषणाकीतारीख /Date Of Pronouncement : 04-09-2024 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2013-14 Arises Out Of The Common Order Of Learned Commissioner Of Income Tax (Appeals)-18, Chennai, [Cit(A)] Dated 13-09-2023 In The Matter Of An Assessment Framed By The Ld. Ao U/S.153C R.W.S. 153A R.W.S. 143(3) Of The Act On 31-03-2022. The Only Grievance Of The Assessee Is Confirmation Of Addition U/S 69 For Rs.30 Lacs & Assessment Of Short- Term Capital Gain (Stcg) For Rs.12.19 Lacs. 2. The Ld Ar Advanced Arguments & Submitted That Impugned Addition Of Rs.30 Lacs U/S 69 Represent Advance Received Through

For Appellant: Ms.T.V. Muthu Abirami (Advocate)-Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) -Ld. DR
Section 132Section 133ASection 153CSection 271(1)(c)Section 69Section 69ASection 69BSection 69C

69D- Amount borrowed or repaid on hundi which have been enacted in the Income Tax Act, 1961 from time to time to bring to tax the undisclosed income either as undisclosed income or the same found during the course of investigation either during the Survey under section 133A or the search operation under Section

SARANGABANI KIRUBAGARAN,CHENNAI vs. DCIT, CIRCLE-1(2), CHENNAI

The appeal stand allowed in terms of our above order

ITA 1238/CHNY/2023[2015-16]Status: DisposedITAT Chennai04 Sept 2024AY 2015-16

Bench: SHRI MAHAVIR SINGH (Vice President), SHRI MANOJ KUMAR AGGARWAL (Accountant Member)

For Appellant: Ms.T.V. Muthu Abirami (Advocate)-Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) -Ld. DR
Section 132Section 133ASection 153CSection 271(1)Section 69Section 69ASection 69BSection 69C

69D- Amount borrowed or repaid on hundi which have been enacted in the Income Tax Act, 1961 from time to time to bring to tax the undisclosed income either as undisclosed income or the same found during the course of investigation either during the Survey under section 133A or the search operation under Section

SARANGABANI KIRUBAKARAN,CHENNAI vs. DCIT, CIRCLE-1(2), CHENNAI

The appeal stand allowed in terms of our above order

ITA 1237/CHNY/2023[2014-15]Status: DisposedITAT Chennai04 Sept 2024AY 2014-15

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1237/Chny/2023 (िनधा)रण वष) / Assessment Year: 2014-15) Shri Sarangabani Kirubakaran Dcit बनाम/ 17/6, First Pillayar Koil Street, Circle-1(2) Vs. Ekkatuthangal, Chennai-600 032. Chennai. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Bumpk-0892-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Ms. T.V. Muthu Abirami (Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Nilay Baran Som (Cit) -Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 25-07-2024 घोषणाकीतारीख /Date Of Pronouncement : 04-09-2024 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2014-15 Arises Out Of The Common Order Of Learned Commissioner Of Income Tax (Appeals)-18, Chennai, [Cit(A)] Dated 13-09-2023 In The Matter Of An Assessment Framed By The Ld. Ao U/S.153C R.W.S. 144 Of The Act On 31- 03-2022. The Grievance Of The Assessee Is Confirmation Of Addition U/S 69 For Rs.8.04 Lacs & Rs.5 Lacs. The Assessee Is Also Aggrieved By Computation Of Long-Term Capital Gains (Ltcg) Of Rs.157.45 Lacs. 2. The Ld Ar Advanced Arguments On Merits As Well As On Legal Grounds & Also Raised Additional Grounds Of Appeal. The Ld. Cit-Dr

For Appellant: Ms. T.V. Muthu Abirami (Advocate)-Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) -Ld. DR
Section 153CSection 69

69D- Amount borrowed or repaid on hundi which have been enacted in the Income Tax Act, 1961 from time to time to bring to tax the undisclosed income either as undisclosed income or the same found during the course of investigation either during the Survey under section 133A or the search operation under Section

SARANGABANI KIRUBAKARAN,CHENNAI vs. DCIT, CIRCLE-1(2), CHENNAI

The appeal stand allowed

ITA 1235/CHNY/2023[2012-13]Status: DisposedITAT Chennai04 Sept 2024AY 2012-13

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1235/Chny/2023 (िनधा)रण वष) / Assessment Year: 2012-13) Shri Sarangabani Kirubakaran Dcit बनाम/ 17/6, First Pillayar Koil Street, Circle-1(2) Vs. Ekkatuthangal, Chennai-600 032. Chennai. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Bumpk-0892-B (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Ms.T.V.Muthu Abirami,(Advocate)-Ld.Ar " थ"कीओरसे/Respondent By : Shri Nilay Baran Som (Cit) -Ld. Sr.Dr सुनवाईकीतारीख/Date Of Hearing : 25-07-2024 घोषणाकीतारीख /Date Of Pronouncement : 04-09-2024 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2012-13 Arises Out Of The Common Order Of Learned Commissioner Of Income Tax (Appeals)-18, Chennai, [Cit(A)] Dated 13-09-2023 In The Matter Of An Assessment Framed By The Ld. Ao U/S.153C R.W.S. 153A R.W.S. 143(3) Of The Act On 30-03-2022. The Only Grievance Of The Assessee Is Confirmation Of Addition U/S 69 For Rs.6.50 Lacs. 2. The Ld. Ar Advanced Arguments & Submitted That Impugned Addition Represents Receipt Of Loan From A Friend Through Banking Channels Which Could Not Be Added U/S 69. This Addition Does Not Satisfy

For Appellant: Ms.T.V.Muthu Abirami,(Advocate)-Ld.ARFor Respondent: Shri Nilay Baran Som (CIT) -Ld. Sr.DR
Section 132Section 133ASection 153CSection 69Section 69ASection 69BSection 69C

69D-Amount borrowed or repaid on hundi which have been enacted in the Income Tax Act, 1961 from time to time to bring to tax the undisclosed income either as undisclosed income or the same found during the course of investigation either during the Survey under section 133A or the search operation under Section