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
![Delay in filing of Appeal should fall under Reasonable Cause: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delay-filing-Appeal-Reasonable-Cause-ITAT-TAXSCAN.jpg "Delay in filing of Appeal should fall under Reasonable Cause: ITAT [Read Order]")
Delay in filing of Appeal should fall under Reasonable Cause: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the delay in filing of the appeal should come under the reasonable cause. ...
![No Addition on Account for Sales Suppression shall be made Solely based on Abstract Data issued by Ministry of Textiles: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Addition-Account-Sales-Suppression-Solely-Abstract-Data-Ministry-of-Textiles-ITAT-TAXSCAN.jpg "No Addition on Account for Sales Suppression shall be made Solely based on Abstract Data issued by Ministry of Textiles: ITAT [Read Order]")
![Merely on basis of Statement of Director of Vendor Company, Addition u/s 69B cant be made ignoring facts of Assessee Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Merely-on-basis-of-Statement-Director-of-Vendor-Company-Vendor-Vendor-Company-taxscan.jpg "Merely on basis of Statement of Director of Vendor Company, Addition u/s 69B cant be made ignoring facts of Assessee Company: ITAT [Read Order]")
![Addition cant be made towards Disallowance of Bonus as Payment made for Bonus doesnt falls u/s 40A(3) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Addition-Addition-cant-be-made-towards-Disallowance-Disallowance-Bonus-taxscan.jpg "Addition cant be made towards Disallowance of Bonus as Payment made for Bonus doesnt falls u/s 40A(3) of Income Tax Act: ITAT [Read Order]")
Sufficient time shall be given to Assessee when pending Petition and Request to keep in Abeyance Appeal Proceedings till disposal is made: ITAT grants relief to Apollo Pharmacies [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Apollo Pharmacies and held that sufficient time shall be given to the assessee when the pending petition and a request...
![Sufficient time shall be given to Assessee when pending Petition and Request to keep in Abeyance Appeal Proceedings till disposal is made: ITAT grants relief to Apollo Pharmacies [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Abeyance-Appeal-Proceedings-Apollo-Pharmacies-ITAT-grants-relief-Pharmacies-ITAT-relief-Proceedings-pending-Petition-Petition-Assessee-Taxscan.jpg "Sufficient time shall be given to Assessee when pending Petition and Request to keep in Abeyance Appeal Proceedings till disposal is made: ITAT grants relief to Apollo Pharmacies [Read Order]")
Benefit of Article 8 of India-Singapore DTAA shall be allowed when Vessel Handling Charges were allowed to Tax by Indian Entity: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the benefit of Article 8 of the India Singapore DTAA shall be allowed when vessel handling charges were allowed to be taxed by...
![Benefit of Article 8 of India-Singapore DTAA shall be allowed when Vessel Handling Charges were allowed to Tax by Indian Entity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Benefit-India-Singapore-DTAA-Vessel-Handling-Charges-Tax-Indian-Entity-ITAT-TAXSCAN.jpg "Benefit of Article 8 of India-Singapore DTAA shall be allowed when Vessel Handling Charges were allowed to Tax by Indian Entity: ITAT [Read Order]")
ITAT deletes addition made towards bogus Interest Expenditure based on Sworn Statements as well as Reconciliation Statements filed by Assessee during Course of Assessment Proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench deleted the addition made towards the bogus interest expenditure based on sworn statements as well, as reconciliation statements filed by the...
![ITAT deletes addition made towards bogus Interest Expenditure based on Sworn Statements as well as Reconciliation Statements filed by Assessee during Course of Assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-addition-bogus-bogus-Interest-Expenditure-ITAT-deletes-addition-made-towards-bogus-Interest-Expenditure-based-on-Sworn-Statements-taxscan.jpg "ITAT deletes addition made towards bogus Interest Expenditure based on Sworn Statements as well as Reconciliation Statements filed by Assessee during Course of Assessment Proceedings [Read Order]")
AO cannot Decide what is Good for Promoting Business: ITAT upholds Deletion of Disallowance of Sponsorship Expenses u/s 37 of Income Tax Act [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of disallowance of sponsorship expenses under Section 37 of the Income Tax Act 1961 holding that the Assessing...
![AO cannot Decide what is Good for Promoting Business: ITAT upholds Deletion of Disallowance of Sponsorship Expenses u/s 37 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/AO-Business-AO-cannot-Decide-what-is-Good-for-Promoting-Business-ITAT-Deletion-Disallowance-Income-Tax-Act-income-tax-taxsscan.jpg "AO cannot Decide what is Good for Promoting Business: ITAT upholds Deletion of Disallowance of Sponsorship Expenses u/s 37 of Income Tax Act [Read Order]")
ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of addition towards disallowance of interest on borrowed capital under Section 36(1)(iii) of Income Tax Act, 1961 out...
![ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Deletion-Addition-Disallowance-Interest-ITAT-upholds-Deletion-of-Addition-towards-Disallowance-of-Interest-Capital.jpg "ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]")
Files Return of Income Belatedly without filing Form No.10B to claim deduction u/s 11 or 12 of Income Tax Act: ITAT directs Re-adjudication in respect of Condonation Petition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench directed readjudication in respect of condonation petition filed for belatedly filed return of income without filing Form No.10B to caim...
![Files Return of Income Belatedly without filing Form No.10B to claim deduction u/s 11 or 12 of Income Tax Act: ITAT directs Re-adjudication in respect of Condonation Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Re-adjudication-ITAT-Income-Tax-News-Income-Tax-Tax-News-condonation-directs-re-adjudication-Return-of-Income-Belatedly-TAXSCAN.jpg "Files Return of Income Belatedly without filing Form No.10B to claim deduction u/s 11 or 12 of Income Tax Act: ITAT directs Re-adjudication in respect of Condonation Petition [Read Order]")
Exemption u/s.11 of Income Tax Act shall not be granted when activities of Trust are in Nature of Trade, Commerce or Business:ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that exemption under Section 11 of the Income Tax Act , 1961 should not be granted when activities of trust are in nature of trade ,...
![Exemption u/s.11 of Income Tax Act shall not be granted when activities of Trust are in Nature of Trade, Commerce or Business:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Exemption-Income-Tax-Act-Income-Tax-activities-of-Trust-Trust-Nature-of-Trade-Trade-Commerce-taxscan-Business-ITAT.jpg "Exemption u/s.11 of Income Tax Act shall not be granted when activities of Trust are in Nature of Trade, Commerce or Business:ITAT [Read Order]")