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

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ITAT Chennai

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

Insufficient Evidence to Prove Loan Creditworthiness: ITAT remands Unexplained Cash Deposits matter for Reconsideration [Read Order]

Kavi Priya

The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter concerning unexplained cash deposits for reconsideration...

AO Adds based on Mobile Phone Image Indicating Higher Sale Consideration: ITAT Deletes due to...

Commission Paid to Non-Residents for Services Rendered Outside India Not Taxable Without PE: ITAT...

Unsubstantiated Income shown in ITR: ITAT upholds Estimation of Income at 8% of Gross Receipts by AO...

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 [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) orders de novo assessment for unexplained investment with a cost of Rs. 5,000 imposed on the assessee. The assessee, M/s Guru...

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

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded a case back to the Commissioner of Income Tax (Appeals) and condemned the negligence of the assessee. The assessee appealed to the...

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

In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal remanded the case of an addition of ₹117 Lakhs back to the commissioner of for fresh adjudication. The assessee appealed...

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...

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