2019 (7) TMI 1828

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....ent : Mr.M.Srinivasa Rao, CIT For the Assessee : Mr. T.Banusekar, CA ORDER PER GEORGE MATHAN, JUDICIAL MEMBER: These are three appeals filed by the Revenue against the consolidated Order of the Commissioner of Income Tax (Appeals)-18, Chennai, in ITA Nos.490, 491 & 492/16-17 dated 27.09.2017 for the AYs 2009-10 to 2011-12 respectively. 2. Mr. M.Srinivasa Rao, CIT, represented on beh....

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....ompany, Shri M.Kiran Kumar, in respect of the property at Door No.122, Usman Road, T.Nagar, Chennai, in respect of 4023 sq.ft. The second issue was disallowance made by applying the provisions of Sec.36(1)(iii) in respect of the interest on the excess lease rental advance paid by the assessee company to Shri M.Kiran Kumar, MD, in respect of the said property. It was a submission that on appeal, th....

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....It was a submission that the Ld.CIT(A) has deleted the addition as no incriminating material had been found in each of the said assessment years. It was a submission that the order of the Ld.CIT(A) was liable to be upheld. A perusal of the order of the Ld.CIT(A) clearly shows that the Ld.CIT(A) has followed the decision of the Hon'ble Special Bench of the ITAT in the case of M/s.All Cargo Global L....