ITAT Chennai Judgments, Orders & News | Income Tax Appellate Tribunal

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ITAT Chennai

Explore the latest ITAT Chennai judgments, orders, and appellate decisions on direct tax matters from the Chennai bench of the Income Tax Appellate Tribunal

Taxing Corresponding Interest Income on Asset Transfer to SPVs on Assessee amounts to Double Taxation: ITAT [Read Order]

Advika Dwivedi

The Income Tax Appellate Tribunal ( ITAT ), Chennai Bench has deleted additions made under Section 69A of the Income Tax Act, 1961 on demonetization...

S. 194C(6) & 194C(7) Operates Independently: ITAT directs to Reconsider Disallowance of...

Expenses on Interiors and Utility Connections for Residential Property Qualify as Cost of...

Interest/Dividend Income received from co-operative bank is deemed to have received from cooperative...

Additional Depreciation not Claimed in Preceding year can be allowed to TVS Pvt Ltd: ITAT directs AO...

ITAT upholds Upward Adjustment of Management Support Services on TVS [Read Order]

In a recent order, the Chennai bench of the Income Tax Appellate Tribunal(ITAT) upheld the order of the CIT(A) and dismiss all the grounds of appeal raised by the Revenue on the issue of upward...

Club and Entrance Fees Disallowance u/s 37: ITAT Upholds CIT(A)'s Order Allowing Expenditure for MRF as Reasonable for Business [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]’s order allowing MRF’s expenditure on club and entrance fees as reasonable for...

Relief for MRF: ITAT Upholds CIT(A) Order Allowing Depreciation and Expenses on Retention Money, Dismisses Revenue’s Appeal [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)] order allowing MRF Ltd. to claim depreciation on retention money for capital...

Disallowance of Excess Deductions and House Property Loss in Revised Returns: ITAT Sets Aside Order FAA’s Order [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the order of the First Appellate Authority (FAA) and directed the Assessing Officer (AO) to consider the original return while ...

90-Day Delay in Filing Form 10AB for S.80G Approval: ITAT Restores Matter to CIT(E) Pending CBDT’s Decision on Condonation [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) restores matter to the Commissioner of Income Tax (Exemption) [CIT(E)] pending Central Board of Direct Taxes (CBDT)’s decision on...

PCIT Orders Reassessment of Investments and FDs u/s 263: ITAT Sets Aside Order, Holds AO Properly Verified Details [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) sets aside Principal Commissioner of Income Tax (PCIT) order directing reassessment of investments and fixed deposits under Section 263 of...

ITAT Holds SBI PLR Applicable for Arm’s Length Interest on INR-Denominated FCCDs [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) held that for debentures denominated in Indian Rupees (INR), the correct benchmark for arm’s length interest is the State Bank of India...