Thirumani vs. ACIT, Non-Corporate Circle 6(1), Chennai
Case No: ITA No.:3351/Chny/2024
Court: Income Tax Appellate Tribunal ‘B’ Bench, Chennai
Date: 1/5/2026
Parties Involved
appellantThirumani
respondentACIT, Non-Corporate Circle 6(1), Chennai
Facts Summary
The assessee, Thirumani, filed his original return of income for Assessment Year 2016-17 admitting a total income of Rs.95,67,520/-. His case was selected for scrutiny and notices were issued under sections 143(2) and 142(1) of the Income Tax Act, 1961. The assessment was completed by the Assessing Officer by passing the order dated 14.12.2018 u/s. 143(3) of the Act, making additions to the assessee’s income. Aggrieved by these additions, the assessee appealed to the Commissioner of Income Tax (…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee constructed a 'residential house' within the meaning of section 54F within the prescribed time.
- 2. Whether the addition made u/s.56(2)(vii)(b) of the Act is valid.
Precedents Relied Upon
5 precedents cited in this judgement.