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
![ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Orders-Reassessment-Capital-Gains-Case-Capital-Gains-E-Notices-and-Deductions-E-Notices-Section-54-of-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]")
ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer (AO) to reassess the appellant’s case, a dispute on...
![ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-upholds-Disallowance-of-Knitting-Charges-Disallowance-Knitting-Charges-Under-Section-40A3-Set-Off-of-Carry-Forward-Losses-Carry-Forward-Losses-taxscan-1.jpg "ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]")
![AO adds Unexplained Investment During Demonetization: ITAT Rules Addition Based on Suspicion Cannot Be Sustained [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-Investment-Demonetization-ITAT-ITAT-Rules-ITAT-Rules-Addition-Suspicion-Cannot-Be-Sustained-AO-adds-Unexplained-Investment-taxscan.jpg "AO adds Unexplained Investment During Demonetization: ITAT Rules Addition Based on Suspicion Cannot Be Sustained [Read Order]")
![ITAT Deletes Rs.35 Lakh Addition as Unexplained Cash Credit due to Lack of Legal Basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-credits.jpeg "ITAT Deletes Rs.35 Lakh Addition as Unexplained Cash Credit due to Lack of Legal Basis [Read Order]")
![ITAT Deletes Rs.12.14 Lakh Addition, Citing CBDT Instruction on Jewellery [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Chennai-Income-Tax-Appellate-Tribunal-CBDT-CBDT-Instruction-on-Jewellery-TAXSCAN.jpg "ITAT Deletes Rs.12.14 Lakh Addition, Citing CBDT Instruction on Jewellery [Read Order]")
![Failure by AO to Verify Key Issues During Reassessment: ITAT Upholds PCIT’s order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Chennai-PCITs-order-Key-Issues-During-Reassessment-Reassessment-Income-Tax-Appellate-Tribunal-taxscan.jpg "Failure by AO to Verify Key Issues During Reassessment: ITAT Upholds PCIT’s order [Read Order]")
Rs. 42.72 Lacs Addition for Cash Deposits during Demonetization: ITAT Remands Case to AO [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT )Â remanded the matter to the Assessing Officer (AO) for review, following an appeal against the confirmation of a Rs. 42.72 lakh addition...
![Rs. 42.72 Lacs Addition for Cash Deposits during Demonetization: ITAT Remands Case to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Income-Tax-Appellate-Tribunal-Cash-Deposits-Cash-Deposits-During-Demonetization-taxscan-1.jpg "Rs. 42.72 Lacs Addition for Cash Deposits during Demonetization: ITAT Remands Case to AO [Read Order]")
If Share Application Money is received from identifiable investors, Onus shifts to Income Tax Dept to Disprove: ITAT Deletes Rs. 5 Crore Addition [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted an addition of Rs. 5 crore under Section 68 of the Income Tax Act, 1961, ruling that when share application money is received...
![If Share Application Money is received from identifiable investors, Onus shifts to Income Tax Dept to Disprove: ITAT Deletes Rs. 5 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Share-Application-Money-ITAT-identifiable-investors-taxscan.jpg "If Share Application Money is received from identifiable investors, Onus shifts to Income Tax Dept to Disprove: ITAT Deletes Rs. 5 Crore Addition [Read Order]")
![ITAT Dismisses Duplicate Appeal Due to Online and Physical Filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-ITAT-Dismisses-Duplicate-Appeal-Taxscan.jpg "ITAT Dismisses Duplicate Appeal Due to Online and Physical Filing [Read Order]")
![ITAT Weekly Round-Up [Jan 17-Jan 24,2025]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Weekly-Round-Up-Jan-17-Jan-242025-taxscan.jpg "ITAT Weekly Round-Up [Jan 17-Jan 24,2025]")
'CIT(A) has erred in noting the correct facts': ITAT Remands matter for Fresh adjudication [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the Commissioner of Income Tax ( Appeals ) [ CIT( A ) ] had erred in noting the correct facts submitted by the assessee and...
![CIT(A) has erred in noting the correct facts: ITAT Remands matter for Fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Commissioner-of-Income-Tax-Income-Tax-act-taxscan.jpg "CIT(A) has erred in noting the correct facts: ITAT Remands matter for Fresh adjudication [Read Order]")
Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer ( AO ) to recompute the disallowance of interest expenses confirming that the loans advanced by the...
![Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Loans-from-IPO-proceeds-ITAT-on-interest-disallowance-case-taxscan.jpg "Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order]")