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 upholds Rejection of Tax Exemption, Citing Non-Compliance with Charitable Purpose Criteria [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chennai-Tax-Exemption-Citing-Non-Compliance-with-Charitable-Purpose-Non-Compliance-taxscan.jpg "ITAT upholds Rejection of Tax Exemption, Citing Non-Compliance with Charitable Purpose Criteria [Read Order]")
ITAT upholds Rejection of Tax Exemption, Citing Non-Compliance with Charitable Purpose Criteria [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the rejection of Tax exemption by Commissioner of Income Tax (Exemption),citing...
![Circular Transactions proven by Father’s Bank Statement: ITAT upholds Peak Credit Assessment by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chennai-ITAT-upholds-Peak-Credit-Assessment-Peak-Credit-Assessment-Assessment-CITA-taxscan.jpg "Circular Transactions proven by Father’s Bank Statement: ITAT upholds Peak Credit Assessment by CIT(A) [Read Order]")
![ITAT Restores Case to AO for Fresh Assessment on Carry Forward of Losses and Unabsorbed Depreciation, Citing Incomplete Evaluation of Merger Impact [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Tax-Assessment-Carry-Forward-of-Losses-taxscan.jpg "ITAT Restores Case to AO for Fresh Assessment on Carry Forward of Losses and Unabsorbed Depreciation, Citing Incomplete Evaluation of Merger Impact [Read Order]")
![Borrower cannot retain Liability in Subsequent FYs After Lender Writes Off amount in his Accounts: ITAT upholds Addition u/s 41(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Chennai-Section-411-of-the-Income-Tax-Act-Retain-Liability-in-Subsequent-FYs-TAXSCAN.jpg "Borrower cannot retain Liability in Subsequent FYs After Lender Writes Off amount in his Accounts: ITAT upholds Addition u/s 41(1) [Read Order]")
ITAT Dismisses Taxpayer's Appeal as Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) dismissed the appeal by allowing the choice for opting under the Direct Tax Vivad Se Vishwas Scheme, 2024, with the liberty to reinstate the...
![ITAT Dismisses Taxpayers Appeal as Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Chennai-Bench-Taxpayer-ITAT-Dismisses-Taxpayer-Vivad-Se-Vishwas-Scheme-Taxpayers-Appeal-Income-Tax-Appellate-Tribunal-Tax-news.jpg "ITAT Dismisses Taxpayers Appeal as Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 [Read Order]")
ITAT Upholds Deletion of Rs. 4 Crore Addition for Unexplained Expenditure, Citing Insufficient Evidence of Off-Book Payments [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the deletion of a Rs. 4 crore addition for unexplained expenditure under section 69C of Income Tax Act,1961, ruling that there was...
![ITAT Upholds Deletion of Rs. 4 Crore Addition for Unexplained Expenditure, Citing Insufficient Evidence of Off-Book Payments [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Chennai-Unexplained-Expenditure-section-69C-of-Income-Tax-Act-Citing-Insufficient-Evidence-of-Off-Book-Payments-TAXSCAN.jpg "ITAT Upholds Deletion of Rs. 4 Crore Addition for Unexplained Expenditure, Citing Insufficient Evidence of Off-Book Payments [Read Order]")
ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Appeals) [CIT(A)] for reassessment, allowing the assessee another opportunity to...
![ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Chennai-ITAT-Income-Tax-Cash-Credit-taxscan.jpg "ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]")
ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the entire bank credit of the assessee should be treated as business receipts for income estimation under Section 44AD of the...
![ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Section-44AD-Income-Tax-Act-bank-credits-as-business-receipts-taxscan.jpg "ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]")
ITAT Deletes Addition of Rs.53.23 Lakh on Cash Deposits During Demonetization, Directs Re-computation of Income [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs.53.23 Lakhs on cash deposits during the demonetization period and directed the Assessing Officer ( AO ) to...
![ITAT Deletes Addition of Rs.53.23 Lakh on Cash Deposits During Demonetization, Directs Re-computation of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Chennai-ITAT-Deletes-Addition-on-Cash-Deposits-Demonetization-Re-computation-of-income-Taxscan.jpg "ITAT Deletes Addition of Rs.53.23 Lakh on Cash Deposits During Demonetization, Directs Re-computation of Income [Read Order]")
ITAT remands Case to CIT(A) for further Adjudication on AO's Corrigendum in Tax Assessment Orders [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Appeals) (CIT(A)) for further adjudication regarding the Assessing Officer's ( AO )...
![ITAT remands Case to CIT(A) for further Adjudication on AOs Corrigendum in Tax Assessment Orders [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Chennai-Tax-Assessment-Orders-Income-Tax-Commissioner-of-Income-Tax-Taxscan.jpg "ITAT remands Case to CIT(A) for further Adjudication on AOs Corrigendum in Tax Assessment Orders [Read Order]")
ITAT dismisses Revenue's Appeal against Madras Cricket Club, Citing Tax Effect below Rs.60 Lakhs as per CBDT Guidelines [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue's appeal against the Madras Cricket Club,the assessee for the Assessment Year (AY) 2009-10, citing a tax effect below...
![ITAT dismisses Revenues Appeal against Madras Cricket Club, Citing Tax Effect below Rs.60 Lakhs as per CBDT Guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Chennai-ITAT-Dismisses-Revenues-Appeal-Madras-Cricket-Club-Cricket-Club-Citing-Tax-CBDT-Guidelines-CBDT-Income-Tax-Appellate-Tribunal-taxscan.jpg "ITAT dismisses Revenues Appeal against Madras Cricket Club, Citing Tax Effect below Rs.60 Lakhs as per CBDT Guidelines [Read Order]")