JJ708 CHINNAMBEDU PRIMARY AGRL COOP CREDIT SOCIETY,CHINNAMBEDU V. AO 92, WARD TIRUVALLUR

ITA 3796/CHNY/2025

AI Insights

The case involves the Chinnambedu Primary Agril. Co-op. Credit Society appealing against an order by the Income Tax Officer, Ward 1, Thiruvallur, which denied the withdrawal of cash amounting to 1,67,42,000 from Kanchipuram Cooperative Bank. This decision was initially upheld by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi. The Tribunal found that the assessee had not provided sufficient documentary evidence or explanations to support their claim during the earlier proceedings. Consequently, the Tribunal decided to remand the case back to the Assessing Officer, imposing a condition of payment to the State Legal Aid Authority as a prerequisite for further consideration of the case.

• Counselvise Citation: [2026] 140 COUNSELVISE.COM (IT) 840901 (ITAT-CHENNAI)
• Duration Of Justice: 2 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-02-2026
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: B
• Assessment Year: misc
• Appeal Filed On: 12-12-2025
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: GOUTHAMI MANIVASAGAM
• Assessee Lawyers: S.VIGNESH
• Section: 147

Judgement Text

"आयकर अपीलीय अिधकरण, ’बी’ Ɋायपीठ, चेɄई IN THE INCOME-TAX APPELLATE TRIBUNAL ‘B’ BENCH, CHENNAI ŵी एस.एस. िवʷनेũ रिव, Ɋाियक सद˟ एवं ŵी एस.आर. रगुनाथॎ, लेखा सद˟ क े समƗ Before Shri S.S. Viswanethra Ravi, Judicial Member & Shri S.R. Raghunatha, Accountant Member आयकर अपील सं./I.T.A. No.3796/Chny/2025 िनधाŊरण वषŊ/Assessment Year: 2018-19 Chinnambedu Primary Agril. Co-op. Credit Society, JJ708, Chinnambedu Village, Chinnambedu Post, Ponneri Taluka, Thiruvallur 601 206. [PAN:AABAJ1447N] Vs. The Income Tax Officer, Ward 1, Thiruvallur. (अपीलाथŎ/Appellant) (ŮȑथŎ/Respondent) अपीलाथŎ की ओर से / Appellant by : Shri S. Vignesh, C.A. ŮȑथŎ की ओर से/Respondent by : Ms. Gouthami Manivasagam, JCIT सुनवाई की तारीख/ Date of hearing : 17.02.2026 घोषणा की तारीख /Date of Pronouncement : 25.02.2026 आदेश /O R D E R PER S.S. VISWANETHRA RAVI, JUDICIAL MEMBER: This appeal filed by the assessee is directed against the order dated 13.10.2025 passed by the ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre [NFAC], Delhi for the assessment year 2018-19. 2. At the outset, we note that the Assessing Officer denied withdrawal of cash from Kanchipuram Cooperative Bank to an extent of Printed from counselvise.com I.T.A. No.3796/Chny/25 2 ₹.1,67,42,000/- and completed the assessment vide his order dated 30.03.2023 passed under section 147 of the Income Tax Act, 1961 [“Act” in short], which were challenged before the ld. CIT(A), wherein, he confirmed the order of the Assessing Officer in the absence of any documentary evidence or explanations filed by the assessee. 3. After hearing both the parties, upon perusing material on record and considering the undertaking brought on record by the ld. AR Shri S. Vignesh, C.A., we deem it proper to remand the matter to the file of the Assessing Officer subject to the condition of payment of ₹.50,000/- in favour of the State Legal Aid Authority, Hon’ble High Court of Madras within 30 days from the date of receipt of this order and the Assessing Officer shall satisfy the payment of cost and decide the issue afresh after considering the written submissions/ documentary evidences as may be filed by the assessee to substantiate its claim. In any case, the assessee fails to appear before the assessing authority, it is open to the Assessing Officer to complete the assessment based on the material available on record and to pass order in accordance with law. Thus, the grounds raised by the assessee are allowed for statistical purposes. Printed from counselvise.com I.T.A. No.3796/Chny/25 3 4. In the result, the appeal filed by the assessee is allowed for statistical purposes. Order pronounced on 25th February, 2026 at Chennai. Sd/- Sd/- (S.R. RAGHUNATHA) ACCOUNTANT MEMBER (S.S. VISWANETHRA RAVI) JUDICIAL MEMBER Chennai, Dated, 25.02.2026 Vm/- आदेश की Ůितिलिप अŤेिषत/Copy to: 1. अपीलाथŎ/Appellant, 2.ŮȑथŎ/ Respondent, 3. आयकर आयुƅ/CIT, Chennai/Madurai/Coimbatore/Salem 4. िवभागीय Ůितिनिध/DR & 5. गाडŊ फाईल/GF. Printed from counselvise.com "