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ITAT Chennai

Lack of Corroborative Evidence for Addition of Rs.4.93 Cr as Unaccounted Property Investment: ITAT Dismisses Revenue Appeals [Read Order]

Franklin Joshva

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed nine appeals filed by the Revenue ruling that lack of corroborative...

AO Failed to specify Transaction Details: ITAT Remands Rs. 50.5 Lakh Unexplained Money Matter for...

S. 80P(2) Deduction Disallowed for Lack of License: ITAT Remands Matter on Deduction claim on...

Disallowance of Cost of Improvement Claim of Rs.18 lakh: ITAT Grants One more Opportunity to...

Mere Change of Opinion not Necessary Ingredient For Reassessment: ITAT quashes Reassessment on...

Non-Mention of Rule 46A Not Ground to Reject additional evidence: ITAT Remands Rs. 23.08 Cash Deposit Matter for fresh adjudication [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case involving an addition of Rs. 23.08 lakh for unexplained cash deposits and held that the Commissioner of Income Tax...

Non-Compliance to SCN for Cash Deposits of Rs. 6.16 Cr: ITAT Remands for Fresh Adjudication of Co-Operative Society with 5k Costs [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case involving unexplained cash deposits of Rs. 6.16 crore to the Assessing Officer (AO) for fresh adjudication, citing...

Condonation Petition For Delay in Filing ITR Pending: ITAT Remands S.80P Denial Matter of Co-operative Society [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded section 80P denial matter of cooperative society to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication...

ITAT Remands Rs. 2.31 Crore Addition Matter to Conduct Appropriate Enquiry for Cash Deposit and S. 40(a) Disallowance Matter [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case involving additions of Rs. 2.31 crore back to the Assessing Officer (AO) for fresh adjudication, citing the need for...

ITR Not Filed Despite High Value Transaction in Savings Account Due to Illiteracy: ITAT Directs for Fresh Adjudication on Rs.5k Costs [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded for fresh adjudication with cost of Rs. 5000 in the case involving high value transactions in savings accounts for which...

Cash Payments to Landlord, Students etc., Exceeds Threshold limit of Rs.10,000: ITAT Upholds Disallowance u/s 40A(3) [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the disallowance of cash payments amounting to Rs. 66,61,467 for violating the threshold limit of Rs. 10000 prescribed under...

Capital Gain Exemption Documents Not Submitted During Initial Proceedings but Before Tribunal: ITAT Remands Case for Fresh Assessment [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently remanded a case relating to a ₹2.75 crore capital gains exemption claimed where the assessee failed to submit the requisite...