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

Unsubstantiated Income shown in ITR: ITAT upholds Estimation of Income at 8% of Gross Receipts by AO [Read Order]

Manu Sharma

In a notable ruling, the Income Tax Appellate Tribunal ( ITAT ), Chennai Bench, upheld the assessment by the Income Tax Officer ( ITO ) estimating an...

AO Correctly allows Deduction u/s 80IA even Depreciation claimed less than limit: ITAT quashes...

ITAT orders Denovo Assessment for Unexplained Investment with Cost of Rs. 5K Imposed on Assessee...

ITAT remands Income Tax Penalty matter despite Negligence of Assessee [Read Order]

Details Furnished by Assessee not Considered by AO: ITAT remands Addition of Rs.117.01 Lakhs [Read...

Creditors Written Off and Discount Receipts Linked to Business Income Taxable at Only 8% of Their Value: ITAT [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to modify the addition citing that only 8% of creditors written off and discount receipts linked to...

ITAT Provides Relief in ₹118 Lakhs Cash Deposit Case: Lowers Income Estimation to 2% Margin for Ticket Agent [Read Order]

In a recent case, the Chennai Bench of the Income Tax Appellate Tribunal (ITAT) relieved a ticket agent by lowering the income estimation to a 2% margin. The assessee made the appeal to the ITAT...

ITAT orders for Re- adjudication due to Non-Consideration of Demonetization-Period Evidence [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) ordered the Income Tax matter re-adjudication due to non-consideration of demonetization period evidence. In this case, the assessee...

Clear Violation of S. 250(6): ITAT sets aside Ex- Parte Order regarding addition on Cash Deposits of Rs. 33 Lakhs [Read Order]

In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the ex-parte order regarding addition on cash deposits of Rs. 33 lakhs by noticing a clear violation of...

ITAT sets aside Ex-Parte Order after Technical Glitches led to Non-Compliance [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) set aside an ex-parte order after technical glitches led to non-compliance by the assessee. The issue in this case pertains to the...

CA Managing Income Tax Matters for 40 Years Becomes Bedridden: ITAT Condones 64-Day Delay in Filing Appeal [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) condoned a 64-day delay in filing an appeal citing the illness of the company’s long-serving auditor, who had been handling its tax...

Notices sent to Inactive Email ID: ITAT directs fresh hearing on Unexplained Demonetization Cash Deposits matter [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) directed a fresh hearing in a case involving unexplained cash deposits during the demonetization period citing assessing officer (AO)...

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