DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PRIVATE LIMITED, CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

153C of the Act, a search u/s 132 of the Act was conducted upon the earch u/s 132 of the Act was conducted upon the ITA Nos.1817 to 1819 1817 to 1819/Chny/2025 & ITA Nos.1550 to 1552 1550 to 1552 /Chny/2025 (AYs 2020 2020-21 to 2022-23) Southern Agrifurane Industries Pvt. Ltd. M/s.Southern Agrifurane Industries Pvt ::3 :: assessee

DCIT CC 2 2 , CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

153C of the Act requiring it to\nsubmit a true and correct return of its total income for AY 2011-\n12. The aforesaid notice was followed by a communication dated 22\nDecember 2022 under Section 142(1) requiring the petitioner to\nproduce accounts and documents as per the annexure appended\nthereto. A follow-up notice under Section

DCIT CC 2 2 , CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

153C of the Act requiring it to\nsubmit a true and correct return of its total income for AY 2011-\n12. The aforesaid notice was followed by a communication dated 22\nDecember 2022 under Section 142(1) requiring the petitioner to\nproduce accounts and documents as per the annexure appended\nthereto. A follow-up notice under Section

SOUTHERN AGRIFURANE INDUSTRIES PVT. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2),, CHENNAI

In the result, both the appeals filed by the Revenue and the

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकर अपीलसं./Ita Nos.1254, 1255, 1258, 1260/Chny/2025 निर्धारणवर्ष/Assessment Years: 2014-15 To 2017-18 The Dcit, Central Circle-2(2), Chennai. (अपीलार्थी/Appellant) V. M/S. Southern Agrifurane Industries Pvt Ltd., Mgm Centre No.1, 9Th Cross Street, Dr. Radhakrishnan Salai, Mylapore, Chennai - 600 004. [Pan: Aagcs 9705 F] (प्रत्यर्थी/Respondent) आयकर अपीलसं./Ita Nos.1233, 1235, 1237, 1238 /Chny/2025 निर्धारणवर्ष/Assessment Years: 2014-15 To 2017-18 M/S. Southern Agrifurane- Industries Pvt Ltd Mgm Centre No.1, 9Th Cross Street, Dr. Radhakrishnan Salai, Mylapore, Chennai - 600 004. [Pan: Aagcs 9705 F] (अपीलार्थी/Appellant) V. The Dcit, Central Circle-2(2), Chennai. (प्रत्यर्थी/Respondent) Department By Assessee By सुनवाईकीतारीख/Date Of Hearing घोषणाकीतारीख /Date Of Pronouncement : Mrs. C. Yamuna, Cit & Mr. Bipin, Cit : Mr. N. Arjun Raj, Advocate : 08.10.2025 : 21.11.2025

Section 153A of the Act, the Ld. CIT(A) concluded that there was no such unexplained asset identified by the AO in the satisfaction note for him to have validly assumed jurisdiction u/s 153C of the Act and accordingly, held the initiation of proceedings u/s 153C

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

bogus purchases were identical in both the AYs 2018-19 & 2019 19 & 2019-20 impugned before us. Both the parties have Both the parties have also argued these appeals together. eals together. Hence, for the sake of convenience, Hence, for the sake of convenience, ITA Nos.1613 to 1615 1613 to 1615 /Chny/2025 & ITA Nos.1547 & 1548/Chny/2025 ITA Nos.1547 & 1548/Chny/2025

SOUTHERN AGRIFURANE INDUSTRIES PVT. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2), CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

bogus purchases were identical in both the AYs 2018-19 & 2019 19 & 2019-20 impugned before us. Both the parties have Both the parties have also argued these appeals together. eals together. Hence, for the sake of convenience, Hence, for the sake of convenience, ITA Nos.1613 to 1615 1613 to 1615 /Chny/2025 & ITA Nos.1547 & 1548/Chny/2025 ITA Nos.1547 & 1548/Chny/2025

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

bogus purchases were identical in both the AYs 2018-19 & 2019 19 & 2019-20 impugned before us. Both the parties have Both the parties have also argued these appeals together. eals together. Hence, for the sake of convenience, Hence, for the sake of convenience, ITA Nos.1613 to 1615 1613 to 1615 /Chny/2025 & ITA Nos.1547 & 1548/Chny/2025 ITA Nos.1547 & 1548/Chny/2025

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

bogus purchases were identical in both the AYs 2018-19 & 2019 19 & 2019-20 impugned before us. Both the parties have Both the parties have also argued these appeals together. eals together. Hence, for the sake of convenience, Hence, for the sake of convenience, ITA Nos.1613 to 1615 1613 to 1615 /Chny/2025 & ITA Nos.1547 & 1548/Chny/2025 ITA Nos.1547 & 1548/Chny/2025