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
Burden Shifts on AO to prove that cause Lacks Bonafide when Taxpayer shows reasonable cause for accepting Cash Loan: ITAT
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the burden shifts on the Assessing Officer ( AO ) to prove that cause lacks...
![Successor Company can claim deduction u/s.80IA(4) of Income Tax Act as per recognition of Industrial Park Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-Tax-Deduction-TAXSCAN-1.jpg "Successor Company can claim deduction u/s.80IA(4) of Income Tax Act as per recognition of Industrial Park Scheme: ITAT [Read Order]")
![Gross Turnover Does not Exceeds Rs. 250 Crores: ITAT allows Computed Tax Liability at 25% Concessional Rate [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Chennai-Income-Tax-ITAT-allows-Computed-Tax-Liability-TAXSCAN.jpg "Gross Turnover Does not Exceeds Rs. 250 Crores: ITAT allows Computed Tax Liability at 25% Concessional Rate [Read Order]")
![Relief to Saint- Gobain India Pvt. Ltd: ITAT rules Excise Refund and Interest subsidy Received in pursuance to Incentive Announces and sanctioned are Capital Receipt [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Relief-Saint-Gobain-India-Pvt.-Ltd-ITAT-Excise-refund-Interest-subsidy-pursuance-incentive-announces-sanctioned-capital-receipt-taxscan.jpg "Relief to Saint- Gobain India Pvt. Ltd: ITAT rules Excise Refund and Interest subsidy Received in pursuance to Incentive Announces and sanctioned are Capital Receipt [Read Order]")
![Sales of Jewellery could not be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Chennai-ITAT-Income-Tax-Act-Income-Tax-ITAT-Ruling-on-Jewellery-Sales-Unexplained-Cash-Credit-Taxscan.jpg "Sales of Jewellery could not be treated as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
Satisfaction Note not provided: ITAT rejects Assessment Order due to Oversight and Typographical Error u/s 143(3) of Income Tax Act [Read Order]
The Chennai bench Income Tax Appellate Tribunal ( ITAT ), rejected the assessment order under Section 143(3) of the Income Tax Act, 1961, due to oversight and typographical error, as the satisfaction...
![Satisfaction Note not provided: ITAT rejects Assessment Order due to Oversight and Typographical Error u/s 143(3) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Chennai-Income-Tax-Satisfaction-Note-TAXSCAN.jpg "Satisfaction Note not provided: ITAT rejects Assessment Order due to Oversight and Typographical Error u/s 143(3) of Income Tax Act [Read Order]")
![Delay in Filing form 10 A: ITAT Rejects Registration of Trust u/s 12A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Delay-in-Filing-form-10-A-ITAT-Registration-of-Trust-12A-of-Income-Tax-Act-taxascan.jpg "Delay in Filing form 10 A: ITAT Rejects Registration of Trust u/s 12A of Income Tax Act [Read Order]")
![Non filing of TDS u/s 234 E of Income Tax Act for 8 years: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-ITAT-Chennai-Non-filing-of-TDS-filing-of-TDS-taxscan.jpg "Non filing of TDS u/s 234 E of Income Tax Act for 8 years: ITAT dismisses Appeal [Read Order]")
Taxable Contract Income is higher than fixed price contract value u/S 97 of Income Tax Act: ITAT deletes Income Tax Addition [Read Order]
The Chennai bench of the the Income Tax Appellate Tribunal ( ITAT ) decided to delete the income tax addition, as it found that the taxable contract income exceeded the fixed price contract value...
![Taxable Contract Income is higher than fixed price contract value u/S 97 of Income Tax Act: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Income-Tax-Act-ITAT-deletes-Income-Tax-Addition-TAXSCAN.jpg "Taxable Contract Income is higher than fixed price contract value u/S 97 of Income Tax Act: ITAT deletes Income Tax Addition [Read Order]")
Cost of Improvement not to be attributed to joint owners: ITAT upholds revision proceedings [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has upholds revision proceedings, affirming that the cost of improvement should not to be attributed to joint owners. The assessee,...
![Cost of Improvement not to be attributed to joint owners: ITAT upholds revision proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Cost-of-Improvement-attributed-joint-owners-ITAT-revision-proceedings-taxscan.jpg "Cost of Improvement not to be attributed to joint owners: ITAT upholds revision proceedings [Read Order]")
![Addition of unexplained Investment in stock valuation difference: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-chennai-Investment-in-Stock-Stock-Valuation-Difference-ITAT-ruling-on-Stock-Valuation-Difference-Unexplained-Investment-in-Stock-Valuation-taxscan.jpg "Addition of unexplained Investment in stock valuation difference: ITAT deletes addition [Read Order]")
Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai while upheld the disallowance of deduction claimed under Section 80IC of the Income Tax Act, 1961 held that the assessee failed to file Form...
![Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Chennai-ITAT-upholds-disallowance-of-Deduction-Income-tax-Return-of-income-Failure-to-file-Form-Disallowance-of-Deduction-TAXSCAN.jpeg "Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]")