THAMIRA GREEN FARMS P. LTD.,CHENNAI vs. ADDL.CIT CORPORATE RANGE 3 , CHENNAI
In the result, appeal filed by the assessee is allowed
ITA 1845/CHNY/2018[2008-09]Status: DisposedITAT Chennai22 Sept 2023AY 2008-09
Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 1845/Chny/2018 िनधा"रण वष" / Assessment Year: 2008-09 M/S. Thamira Green Farm P The Additional Commissioner Of Ltd., V. Income Tax, No. 1824/4, Gautham Corporate Range -3, Apartments, 1St Floor, Chennai. 18Th Main Road, Anna Nagar West, Chennai – 600 040. [Pan: Aacct-7926-R] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. S. Sridhar, Advocate अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri. Ar V Sreenivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 12.07.2023 घोषणा क" तारीख/Date Of Pronouncement : 22.09.2023 आदेश /O R D E R
For Respondent: Shri. AR V Sreenivasan, Addl. CIT
Section 269SSection 271Section 271DSection 273B
273B of the Act were completely missed while considering the necessity and compulsion for entering into the transaction with the Director/share holder and ought to have appreciated that the penalty under consideration for any violation of the provisions of section 269SS of the Act should not be construed as automatic, thereby vitiating the related findings.
7. The CIT (Appeals) failed
