DCIT CENTRAL CIRCLE 2(1), CHENAI vs. C.VIJAYA BASKAR, PUDUKOTTAI

In the result, ITA Nos.695 to 702/Chny/2023 stands dismissed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं. / Ita No.695/Chny/2023 (िनधा(रणवष( / Assessment Year: 2011-12) & 2. आयकरअपील सं. / Ita No.696/Chny/2023 (िनधा(रणवष( / Assessment Year: 2012-13) & 3. आयकरअपील सं. / Ita No.697/Chny/2023 (िनधा(रणवष( / Assessment Year: 2013-14) & 4. आयकरअपील सं. / Ita No.698/Chny/2023 (िनधा(रणवष( / Assessment Year: 2014-15) & 5. आयकरअपील सं. / Ita No.699/Chny/2023 (िनधा(रणवष( / Assessment Year: 2015-16) & 6. आयकरअपील सं. / Ita No.700/Chny/2023 (िनधा(रणवष( / Assessment Year: 2016-17) & 7. आयकरअपील सं. / Ita No.701/Chny/2023 (िनधा(रणवष( / Assessment Year: 2017-18) & 8. आयकरअपील सं. / Ita No.702/Chny/2023 (िनधा(रणवष( / Assessment Year: 2018-19) Dcit Shri C. Vijayabaskar बनाम/ Central Circle-2(1) #14/28-1, Sowrastra Street, Chennai. Illupur, Pudukottai-622 102. Vs.

920 58,40,90,463 Similarly, the value of undisclosed sale of malaimann in his hands was determined as under: - FY Qty. of rough Volume of Cost of Value of Malaimann stones (as per Malaimann actually Malaimann records of AD, quarried as per (market M&G) Drone survey price) (allocated pro-rata ratio

DCIT CENTRAL CIRCLE 2(1), CHENAI vs. C.VIJAYA BASKAR, PUDUKOTTAI

In the result, ITA Nos.695 to 702/Chny/2023 stands dismissed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं. / Ita No.695/Chny/2023 (िनधा(रणवष( / Assessment Year: 2011-12) & 2. आयकरअपील सं. / Ita No.696/Chny/2023 (िनधा(रणवष( / Assessment Year: 2012-13) & 3. आयकरअपील सं. / Ita No.697/Chny/2023 (िनधा(रणवष( / Assessment Year: 2013-14) & 4. आयकरअपील सं. / Ita No.698/Chny/2023 (िनधा(रणवष( / Assessment Year: 2014-15) & 5. आयकरअपील सं. / Ita No.699/Chny/2023 (िनधा(रणवष( / Assessment Year: 2015-16) & 6. आयकरअपील सं. / Ita No.700/Chny/2023 (िनधा(रणवष( / Assessment Year: 2016-17) & 7. आयकरअपील सं. / Ita No.701/Chny/2023 (िनधा(रणवष( / Assessment Year: 2017-18) & 8. आयकरअपील सं. / Ita No.702/Chny/2023 (िनधा(रणवष( / Assessment Year: 2018-19) Dcit Shri C. Vijayabaskar बनाम/ Central Circle-2(1) #14/28-1, Sowrastra Street, Chennai. Illupur, Pudukottai-622 102. Vs.

920 58,40,90,463 Similarly, the value of undisclosed sale of malaimann in his hands was determined as under: - FY Qty. of rough Volume of Cost of Value of Malaimann stones (as per Malaimann actually Malaimann records of AD, quarried as per (market M&G) Drone survey price) (allocated pro-rata ratio

DCIT CENTRAL CIRCLE 2(1), CHENAI vs. C.VIJAYA BASKAR, PUDUKOTTAI

In the result, ITA Nos.695 to 702/Chny/2023 stands dismissed

920 58,40,90,463\n\nSimilarly, the value of undisclosed sale of malaimann in his hands was \ndetermined as under: -\n\nFY Qty. of rough \nstones (as per \nrecords of AD, \nM&G) \nVolume of \nMalaimann actually \nquarried as per \nDrone survey \n(allocated pro-rata \nratio) \nCost of \nMalaimann \n(market \nprice) \nValue of Malaimann \n\n2008

M/S. LALITHA JEWELLERY MART LTD.,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(4), CHENNAI

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Aby T. Varkey & Shrimanoj Kumar Aggarwal

920/- 2021 2021-22 ₹286,51,12,790/- 3. Search u/s 132 of the Income Tax Act, 1961 (hereinafter referred to Search u/s 132 of the Income Tax Act, 1961 (hereinafter referred to Search u/s 132 of the Income Tax Act, 1961 (hereinafter referred to as "the Act") was conducted as "the Act") was conducted in the group cases

M/S. LALITHA JEWELLERY MART LTD.,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(4), CHENNAI

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Aby T. Varkey & Shrimanoj Kumar Aggarwal

920/- 2021 2021-22 ₹286,51,12,790/- 3. Search u/s 132 of the Income Tax Act, 1961 (hereinafter referred to Search u/s 132 of the Income Tax Act, 1961 (hereinafter referred to Search u/s 132 of the Income Tax Act, 1961 (hereinafter referred to as "the Act") was conducted as "the Act") was conducted in the group cases

M/S. LALITHA JEWELLERY MART LTD.,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(4), CHENNAI

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Aby T. Varkey & Shrimanoj Kumar Aggarwal

920/- 2021 2021-22 ₹286,51,12,790/- 3. Search u/s 132 of the Income Tax Act, 1961 (hereinafter referred to Search u/s 132 of the Income Tax Act, 1961 (hereinafter referred to Search u/s 132 of the Income Tax Act, 1961 (hereinafter referred to as "the Act") was conducted as "the Act") was conducted in the group cases

DCIT CENTRAL CIRCLE 2(1), CHENAI vs. C.VIJAYA BASKAR, PUDUKOTTAI

920 58,40,90,463\n\nSimilarly, the value of undisclosed sale of malaimann in his hands was \ndetermined as under: -\n\nFY Qty. of rough \nstones (as per \nrecords of AD, \nM&G) \nVolume of \nMalaimann actually \nquarried as per \nDrone survey \n(allocated pro-rata \nratio) \nCost of \nMalaimann \n(market \nprice) \nValue of Malaimann \n2008

BANNARIAMMAN EDUCATIONAL TRUST,COIMBATORE vs. ACIT CENTRAL CIRCLE 3(2), CHENNAI

price. Further, the CFO\nhas also confirmed that the appellant has not paid any cash till FY 2015-\n16.\nviii) The addition was made by the AO merely based on the rough\nnotings in the loose sheets and diaries and the assumed facts given vide\nsworn statement of the employees of CBPL without any corroborative\nevidence cannot be constituted

BANNARIAMMAN EDUCATIONAL TRUST,COIMBATORE vs. ACIT CENTRAL CIRCLE 3(2), CHENNAI

price. Further, the CFO \nhas also confirmed that the appellant has not paid any cash till FY 2015- \n16.\nviii) The addition was made by the AO merely based on the rough \nnotings in the loose sheets and diaries and the assumed facts given vide \nsworn statement of the employees of CBPL without any corroborative \nevidence cannot be constituted

DCIT CENTRAL CIRCLE 2(1), CHENAI vs. C.VIJAYA BASKAR, PUDUKOTTAI

In the result, ITA Nos.695 to 702/Chny/2023 stands dismissed

920 58,40,90,463\nFY Qty. of rough \nstones (as per \nrecords of AD, \nM&G)\nVolume of \nMalaimann actually \nquarried as per \nDrone survey \n(allocated pro-rata \nratio)\nCost of \nMalaimann \n(market \nprice)\nValue of Malaimann \n2008-09 6090 101707 160 16273189 \n2009-10 10410 173855 180 31293823 \nTOTAL 16500 275562 47567011\nThe value of excess