Periyasamy Anbunathan vs The DCIT, Central Circle-1(4), Chennai
Case No: ITA Nos.1488 & 1489/Chny/2025
Court: Income Tax Appellate Tribunal ‘A’ Bench: Chennai
Date: 1/23/2026
Parties Involved
appellantPeriyasamy Anbunathan
respondentThe DCIT, Central Circle-1(4), Chennai
Facts Summary
The case involves appeals and cross-objections by Periyasamy Anbunathan and the DCIT, Central Circle-1(4), Chennai, concerning assessment years 2014-15 to 2017-18. A search conducted under section 132 of the Income Tax Act, 1961, led to the seizure of account books and cash amounting to Rs.4.77 crores. The assessee initially admitted that the seized account books related to his real estate and finance commission business. However, he later retracted his statements, claiming that the account book…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Validity of the assessment order under section 153A of the Act
- 2. Validity of the approval granted under section 153D of the Act
3 more legal issues analysed in this judgement.
Precedents Relied Upon
7 precedents cited in this judgement.