ITAT Chandigarh
Explore the latest ITAT Chandigarh judgments, orders, and appellate decisions on direct tax matters from the Chandigarh bench of the Income Tax Appellate Tribunal
![Investment Income from Excess Stock cannot be Taxed u/s 69 B of Income Tax Act, Must be Assessed as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Investment-income-taxation-Business-income-assessment-Excess-stock-taxation-Taxation-of-investment-income-taxscan.jpg "Investment Income from Excess Stock cannot be Taxed u/s 69 B of Income Tax Act, Must be Assessed as Business Income: ITAT [Read Order]")
Investment Income from Excess Stock cannot be Taxed u/s 69 B of Income Tax Act, Must be Assessed as Business Income: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that investment income from excess stock cannot be taxed under Section 69 B...
![Hospital Building Construction Investment from Professional Receipts shall compute under Head of Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chandigarh-Income-tax-Hospital-Investment-Head-of-Business-Income-Business-income-computation-Tax-for-hospital-construction-taxscan.jpg "Hospital Building Construction Investment from Professional Receipts shall compute under Head of Business Income: ITAT [Read Order]")
![Taxpayer can give Opportunity to Furnish Critical Additional Evidence before Completing Assessment u/s 144: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Chandigarh-ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-ruling-on-taxpayer-evidence-Taxscan.jpg "Taxpayer can give Opportunity to Furnish Critical Additional Evidence before Completing Assessment u/s 144: ITAT [Read Order]")
![ITAT Annual Digest [Part 57]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Tax-tribunal-updates-Key-tax-judgments-2023-Income-tax-updates-taxscan.jpg "ITAT Annual Digest [Part 57]")
![Minor delays in uploading Assessment Orders or generating DIN will not render assessments unsustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Chandigarh-Assessment-order-Document-Identification-Number-DIN-generation-Delay-in-Assessment-Order-Income-Tax-Appellate-Tribunal-taxscan.jpg "Minor delays in uploading Assessment Orders or generating DIN will not render assessments unsustainable: ITAT [Read Order]")
Time taken for legal Remedy against Special Audit shall be excluded from Prescribed Time Limit: ITAT deletes Penalty u/s 27I(1)(b) of Income Tax Act [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 27I(1)(b) of Income Tax Act holding that ties taken for legal remedy against the special audit shall...
![Time taken for legal Remedy against Special Audit shall be excluded from Prescribed Time Limit: ITAT deletes Penalty u/s 27I(1)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/legal-Remedy-Special-Audit-Prescribed-Time-Limit-ITAT-Penalty-Income-Tax-Act-taxscan.jpg "Time taken for legal Remedy against Special Audit shall be excluded from Prescribed Time Limit: ITAT deletes Penalty u/s 27I(1)(b) of Income Tax Act [Read Order]")
No Addition can be made u/s 153A in absence of Incriminating Material found during course of Search conducted u/s 132 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench, held that no addition could be made under Section 153A of the Income Tax Act, 1961, in the absence of incriminating material found during...
![No Addition can be made u/s 153A in absence of Incriminating Material found during course of Search conducted u/s 132 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Addition-Incriminating-Material-during-course-Search-conducted-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Addition can be made u/s 153A in absence of Incriminating Material found during course of Search conducted u/s 132 of Income Tax Act: ITAT [Read Order]")
Nature and Source of Unrecorded Transactions and Nexus with Business Proved: ITAT Quashes Revision Order [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) held that no reasons were recorded by the PCIT (Principal Commissioner of Income Tax) for holding assessment order by AO (Assessing...
![Nature and Source of Unrecorded Transactions and Nexus with Business Proved: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Nature-Nature-and-Source-Nature-and-Source-of-Unrecorded-Transactions-Unrecorded-Transactions-Nexus-ITAT-taxscan.jpg "Nature and Source of Unrecorded Transactions and Nexus with Business Proved: ITAT Quashes Revision Order [Read Order]")
Deeming Provision of Section 69 doesn't apply when Assessee provides a proper Explanation regarding Unrecorded Sale: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) held that the deeming provision of Section 69 of the Income Tax Act, 1961 doesn’t apply when the assessee provides a proper...
![Deeming Provision of Section 69 doesnt apply when Assessee provides a proper Explanation regarding Unrecorded Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deeming-Provision-Assessee-proper-Explanation-Unrecorded-Sale-ITAT-TAXSCAN.jpg "Deeming Provision of Section 69 doesnt apply when Assessee provides a proper Explanation regarding Unrecorded Sale: ITAT [Read Order]")
Mere Non- Accounting of Expired Stock as part of Opening Stock has no Impact on Profitability: ITAT deletes Addition [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition holding that mere non-accounting of expired stocks part of opening stock would not have any impact on...
![Mere Non- Accounting of Expired Stock as part of Opening Stock has no Impact on Profitability: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-deletes-Addition-ITAT-Addition-income-tax-act-income-tax-taxscan.jpg "Mere Non- Accounting of Expired Stock as part of Opening Stock has no Impact on Profitability: ITAT deletes Addition [Read Order]")
Surrendered Income will be treated as Income from Medical Profession unless there is clear Evidence to the contrary: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) has ruled that surrendered income will be treated as income from the medical profession unless there is clear evidence to the contrary...
![Surrendered Income will be treated as Income from Medical Profession unless there is clear Evidence to the contrary: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Surrendered-Income-Income-from-Medical-Profession-Evidence-to-the-contrary-Evidence-ITAT-taxscan.jpg "Surrendered Income will be treated as Income from Medical Profession unless there is clear Evidence to the contrary: ITAT [Read Order]")
National Research & Technologies Consortium cannot Deduct TDS as was not a "specified person" as defined Under Section 194C of Income Tax Act: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) has held that National Research & Technologies Consortium (NRTC) was not required to deduct tax at source (TDS) under Section 194C...
![National Research & Technologies Consortium cannot Deduct TDS as was not a specified person as defined Under Section 194C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/National-Research-Technologies-Consortium-Deduct-TDS-specified-person-Income-Tax-Act-ITAT-income-tax-taxscan.jpg "National Research & Technologies Consortium cannot Deduct TDS as was not a specified person as defined Under Section 194C of Income Tax Act: ITAT [Read Order]")