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
![Discrepancy in Excess Stock accumulated during Normal Business Assessable as “Business Income”, S. 69B r.w.s S. 115BBE Not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Chennai-Income-tax-Discrepancy-in-Stock-Business-Income-taxscan.jpg "Discrepancy in Excess Stock accumulated during Normal Business Assessable as “Business Income”, S. 69B r.w.s S. 115BBE Not Applicable: ITAT [Read Order]")
Discrepancy in Excess Stock accumulated during Normal Business Assessable as “Business Income”, S. 69B r.w.s S. 115BBE Not Applicable: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the discrepancy in the excess stock accumulated during normal business...
![CBDT Extends Time Limit for Form 10AB filing to 30.06.2024: ITAT sets aside CIT (E) order Canceling Trust Registration u/s 12 AB [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/CBDT-Extends-Time-Limit-for-Form-chennai-bench-of-ITAT-canceling-the-trusts-registration-under-Section-12AB-ITAT-Sets-Aside-CIT-E-order-taxscan.jpg "CBDT Extends Time Limit for Form 10AB filing to 30.06.2024: ITAT sets aside CIT (E) order Canceling Trust Registration u/s 12 AB [Read Order]")
![Amount transferred from Current Account to Deposit Account to maintaining shortfall of Accounts cannot be consider Income of Assessee: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Chennai-Income-tax-Tax-news-Current-account-transfer-Income-tax-assessment-taxscan.jpg "Amount transferred from Current Account to Deposit Account to maintaining shortfall of Accounts cannot be consider Income of Assessee: ITAT deletes Addition [Read Order]")
![Failure to prove genuinity of Income from Agriculture Activities: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-tax-Tax-news-Agriculture-Income-tax-Agriculture-Activities-Income-Tax-taxscan.jpg "Failure to prove genuinity of Income from Agriculture Activities: ITAT upholds Addition [Read Order]")
Failure to produce documents with respect to LTCG arising out of Purchase and Sale of Shares: ITAT upholds Addition [Read Order]
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) held that the assessee failed to produce the documents with respect to Long Term Capital Gain ( LTCG ) arising out of the...
![Failure to produce documents with respect to LTCG arising out of Purchase and Sale of Shares: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Chennai-LTCG-ITAT-upholds-Addition-Purchase-and-Sale-of-Shares-Tax-news-Taxscan.jpg "Failure to produce documents with respect to LTCG arising out of Purchase and Sale of Shares: ITAT upholds Addition [Read Order]")
Recoveries of farmer’s advances duly reflected in Cash Book, not Unexplained Cash credit u/s 68 of Income Tax Act: ITAT [Read Order]
The Chennai Bench, Income Tax Appellate Tribunal ( ITAT ) held that when recoveries of farmers advances were duly reflected in cash book of assessee it would not be treated as unexplained cash...
![Recoveries of farmer’s advances duly reflected in Cash Book, not Unexplained Cash credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-Tax-news-Cash-Book-Unexplained-Cash-credit-taxscan.jpg "Recoveries of farmer’s advances duly reflected in Cash Book, not Unexplained Cash credit u/s 68 of Income Tax Act: ITAT [Read Order]")
Assessment Order made after Expiry of One Month of Receiving Directions from dispute Resolution Panel is Time Barred: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that the final assessment order passed after expiry of one month from the end of the month in which the DRP directions...
![Assessment Order made after Expiry of One Month of Receiving Directions from dispute Resolution Panel is Time Barred: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/income-Tax-Appellate-Tribunal-ITAT-ITAT-chennai-Panel-jurisdiction-taxscan.jpg "Assessment Order made after Expiry of One Month of Receiving Directions from dispute Resolution Panel is Time Barred: ITAT [Read Order]")
Debt Written Off in Books of Account is to be Allowed as Bad Debts: ITAT directs AO to delete Addition of Rs. 6.69 crore [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to delete the addition of Rs. 6.69 crore after ruling that debt written off in the books of...
No Incriminating Material found during Search: ITAT quashes Assessment u/s 153A of Income Tax Act [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the assessment under Section 153A of the Income Tax Act, 1961 as no incriminating material was found during the course of the...
![No Incriminating Material found during Search: ITAT quashes Assessment u/s 153A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-Income-tax-news-Income-tax-search-Income-tax-assessment-taxscan.jpg "No Incriminating Material found during Search: ITAT quashes Assessment u/s 153A of Income Tax Act [Read Order]")
Relief to Karur Vysya Bank: ITAT allows deduction u/s 36(1) (viii) as Reserve is Created out of Profit for Year 2013-2014, Deletes Addition [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) granted relief to Karur Vysya Bank by allowing deduction under section 36(1)(viii) of the Income Tax Act, 1961 as the reserve was...
