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ITAT Chennai Orders De Novo Examination in Search Case Involving ₹200+ Crore Notings
Case Law Details
- Case Name
- Periyasamy Anbunathan Vs DCIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Chennai
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Periyasamy Anbunathan Vs DCIT (ITAT Chennai)
Protective Additions Set Aside After 153C Assessments Quashed; ITAT Chennai Orders De Novo Examination in Search Case Involving ₹200+ Crore Notings
The Chennai Bench of the ITAT passed a composite order disposing of multiple appeals and cross-objections for AYs 2014-15 to 2017-18 in the case of Periyasamy Anbunathan, arising out of search proceedings under section 132. The appeals involved protective additions exceeding ₹200 crore, alleged unaccounted finance/commission income, investment in property, and cash found during searc...
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