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
![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]")
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...
![No Cogent Evidence to Establish that Properties Sold by Taxpayer are Agricultural Land: ITAT deletes Addition of Rs.16.8 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Chennai-ITAT-Agricultural-Land-ITAT-Deletes-Addition-of-Rs.16.8-lakhs-tax-news-Taxscan.jpg "No Cogent Evidence to Establish that Properties Sold by Taxpayer are Agricultural Land: ITAT deletes Addition of Rs.16.8 lakhs [Read Order]")
![Utilising specific Money deposited in Capital Gain Account Scheme towards New Investment is not Mandated under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-act-2024-Money-deposited-capital-gain-investment-TAXSCAN.jpg "Utilising specific Money deposited in Capital Gain Account Scheme towards New Investment is not Mandated under Income Tax Act: ITAT [Read Order]")
Incorrect Amount of Expenses in Form 3CD due to Typographical Error, No Income Tax Addition:Â ITAT [Read Order]
The Chennai Income Tax Appellate Tribunal (ITAT) explained that a typographical error in mentioning the incorrect amount of expenses in Form 3CD does not call for any addition by the Assessing...
![Incorrect Amount of Expenses in Form 3CD due to Typographical Error, No Income Tax Addition:Â ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Incorrect-Amount-of-Expenses-in-Form-3CD-Typographical-Error-Income-Tax-Addition-ITAT-TAXSCAN.jpg "Incorrect Amount of Expenses in Form 3CD due to Typographical Error, No Income Tax Addition:Â ITAT [Read Order]")
Taxpayer Filed Copy of Bills and Bank Transaction Evidences: ITAT allows 40 lakhs Addition while Calculating LTCG from Property Sale [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed Rs. 40 lakhs addition while calculating Long-Term Capital Gains ( LTCG ) from the sale of property as the taxpayer filed copies...
![Taxpayer Filed Copy of Bills and Bank Transaction Evidences: ITAT allows 40 lakhs Addition while Calculating LTCG from Property Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-acts-in-2024-ITAT-ruling-on-LTCG-addition-Long-term-capital-gain-TAXSCAN.jpg "Taxpayer Filed Copy of Bills and Bank Transaction Evidences: ITAT allows 40 lakhs Addition while Calculating LTCG from Property Sale [Read Order]")
Timeline Prescribed for Filing Form No. 10AB for recognition u/s 12 A of Income Tax Act has been Extended up to 30.09.2023: ITAT allows Appeal [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal as the timeline prescribed for filing Form No. 10AB for recognition under section 12A of the Income Tax Act, 1961...
![Timeline Prescribed for Filing Form No. 10AB for recognition u/s 12 A of Income Tax Act has been Extended up to 30.09.2023: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Act-section-12A-of-the-Income-Tax-Act-Tax-updates-ITAT-chennai-taxscan.jpg "Timeline Prescribed for Filing Form No. 10AB for recognition u/s 12 A of Income Tax Act has been Extended up to 30.09.2023: ITAT allows Appeal [Read Order]")
AO failure to Re-computing Book Profit u/s 115 JB of Income Tax Act: ITAT directs AO to deletes addition of Rs. 4.71 crore [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to delete the addition of Rs. 4.71 crore after observing the AO's failure to recompute book profit under Section...
![AO failure to Re-computing Book Profit u/s 115 JB of Income Tax Act: ITAT directs AO to deletes addition of Rs. 4.71 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-ITAT-Income-tax-act-Tax-news-Taxscan.jpg "AO failure to Re-computing Book Profit u/s 115 JB of Income Tax Act: ITAT directs AO to deletes addition of Rs. 4.71 crore [Read Order]")
![Delay of 726 Days not properly explained: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Chennai-ITAT-Income-tax-Time-barred-appeal-Income-tax-news-taxscan.jpg "Delay of 726 Days not properly explained: ITAT dismisses Appeal [Read Order]")
ITAT allows Deduction to Union Bank of India u/s 80P (2)(a)(i) for Dividends from Co-operative Bank Shares [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has allowed Union Bank of India to claim deduction under Section 80P (2) (a) (i) for dividends received from cooperative bank shares. ...
![ITAT allows Deduction to Union Bank of India u/s 80P (2)(a)(i) for Dividends from Co-operative Bank Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Union-Bank-of-India-us-80P-2ai-Dividends-Co-operative-Bank-Shares-TAXSCAN-1.jpg "ITAT allows Deduction to Union Bank of India u/s 80P (2)(a)(i) for Dividends from Co-operative Bank Shares [Read Order]")