![ITAT upholds CIT(A) Decision on Exemption u/s 11 Despite ITR-6 Filing, Citing Consistency in Tax Treatment Across A.Ys [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Chennai-Income-Tax-Appellate-Tribunal-ITR-6-Filing-TAXSCAN.jpeg "ITAT upholds CIT(A) Decision on Exemption u/s 11 Despite ITR-6 Filing, Citing Consistency in Tax Treatment Across A.Ys [Read Order]")
ITAT upholds CIT(A) Decision on Exemption u/s 11 Despite ITR-6 Filing, Citing Consistency in Tax Treatment Across A.Ys [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)] decision granting exemption under...
![ITAT remands Case to CIT(A) for Fresh Review, Citing Procedural Deficiencies in Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Chennai-Commisioner-of-Income-Tax-Assessment-Order-Assessment-Order-Issues-Taxscan.jpg "ITAT remands Case to CIT(A) for Fresh Review, Citing Procedural Deficiencies in Assessment Order [Read Order]")
![ITAT allows Concessional Tax Rate u/s 115BAA, Citing Timely Submission of Form 10IC and CPCs Acknowledgment [Read order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Chennai-Income-Tax-Section-115BAA-Form-10IC-TAXSCAN.jpg "ITAT allows Concessional Tax Rate u/s 115BAA, Citing Timely Submission of Form 10IC and CPCs Acknowledgment [Read order]")
![Relief to ASAN Memorial Association: ITAT Approves Statutory Deduction Claim Despite Filing Error in Income Tax Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Relief-ASAN-Memorial-ITAT-Statutory-Deduction-Claim-Despite-Filing-Income-Tax-Return-taxscan.jpg "Relief to ASAN Memorial Association: ITAT Approves Statutory Deduction Claim Despite Filing Error in Income Tax Return [Read Order]")
![ITAT Restores Matter to AO for De Novo Adjudication on Alleged Bogus Purchases, Allowing Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Chennai-TAXSCAN.jpg "ITAT Restores Matter to AO for De Novo Adjudication on Alleged Bogus Purchases, Allowing Additional Evidence [Read Order]")
CIT(A) Deletion of Bogus Expenditure Additions upheld: ITAT affirms need for Substantive Evidence [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal(ITAT) upheld the deletion of bogus expenditure additions made by the Commissioner of Income Tax (Appeals) [CIT(A)]. This decision reinforced the...
![CIT(A) Deletion of Bogus Expenditure Additions upheld: ITAT affirms need for Substantive Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Bogus-Expenditure-ITAT-Substantive-Evidence-taxscan.jpg "CIT(A) Deletion of Bogus Expenditure Additions upheld: ITAT affirms need for Substantive Evidence [Read Order]")
ITAT upholds CIT(A) Ruling on Accounting Manipulation and Tax Evasion Due to Insufficient Evidence [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal(ITAT) upheld the ruling of the Commissioner of Income Tax (Appeals) [CIT(A)] regarding accounting manipulation and tax evasion due to insufficient...
![ITAT upholds CIT(A) Ruling on Accounting Manipulation and Tax Evasion Due to Insufficient Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Accounting-Manipulation-Tax-Evasion-Insufficient-Evidence-taxscan.jpg "ITAT upholds CIT(A) Ruling on Accounting Manipulation and Tax Evasion Due to Insufficient Evidence [Read Order]")
ITAT upholds CIT(A) Decision, Dismissing Additions for AY 2015-16 Due to Lack of Evidentiary Value in Excel Sheet [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal(ITAT) upheld the decision of the Commissioner of Income Tax (Appeals)[CIT(A)],dismissing the additions made for Assessment Year(AY)...
![ITAT upholds CIT(A) Decision, Dismissing Additions for AY 2015-16 Due to Lack of Evidentiary Value in Excel Sheet [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Additions-Excel-Sheet-taxscan.jpg "ITAT upholds CIT(A) Decision, Dismissing Additions for AY 2015-16 Due to Lack of Evidentiary Value in Excel Sheet [Read Order]")
![Circular Transactions within Group Entities not Considered Income for Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Circular-Transactions-Group-Entities-Income-for-Assessee-ITAT-taxscan.png "Circular Transactions within Group Entities not Considered Income for Assessee: ITAT [Read Order]")
Interest Earned from Savings Account in Co-operative Bank cannot be treated as Income or Dividend from Investment: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest earned from savings accounts in a Co-operative bank cannot be treated as income or dividends from investments. ...
![Interest Earned from Savings Account in Co-operative Bank cannot be treated as Income or Dividend from Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Chennai-Income-Tax-ITAT-Interest-in-co-operative-bank-TAXSCAN.jpg "Interest Earned from Savings Account in Co-operative Bank cannot be treated as Income or Dividend from Investment: ITAT [Read Order]")
Relief to IDFC: ITAT Directs AO to Limit Disallowance u/s 14A to 0.5% of Exempt Income Earned Based on Rule 8D(2)(iii) [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed the assessing officer (AO) to limit the disallowance under Section 14A to 0.5% of exempt income earned by the assessee based on Rule...
![Relief to IDFC: ITAT Directs AO to Limit Disallowance u/s 14A to 0.5% of Exempt Income Earned Based on Rule 8D(2)(iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Chennai-IDFC-AO-Disallowance-Taxscan.jpg "Relief to IDFC: ITAT Directs AO to Limit Disallowance u/s 14A to 0.5% of Exempt Income Earned Based on Rule 8D(2)(iii) [Read Order]")