ITA No.1154/Chny/2025 & ITA No.1491/Chny/2025
Case No: ITA No.1154/Chny/2025, ITA No.1491/Chny/2025
Court: Income Tax Appellate Tribunal ‘C’ Bench: Chennai
Date: 1/21/2026
Parties Involved
appellantSvaryu Energy Limited
respondentDeputy Commissioner of Income Tax, Central 3.4, Chennai
Facts Summary
The appellant, Svaryu Energy Limited, a company incorporated under the Companies Act 1956 and engaged in solar power generation, filed its return of income for the Assessment Year 2017-18 declaring a total income of Rs.9,35,95,130/-. The assessment was completed by the Deputy Commissioner of Income Tax, Central Circle-3(4), Chennai, who made several additions to the income, including disallowance of deductions, disallowance under section 14A, credits to shell entities, unexplained investments, a…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Disallowance of claim for deduction of Rs.5,24,51,699/-
- 2. Disallowance under section 14A of Rs.36,47,631/-
3 more legal issues analysed in this judgement.
Precedents Relied Upon
6 precedents cited in this judgement.