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 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]")
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...
![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]](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]")
![ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-cost-of-Acquisition-cost-of-Acquisition-and-improvement-on-Failure-taxscan.jpg "ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]")
![“Transfer of property” completes only after extinguishing rights of owners : ITAT allows capital gain exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Transfer-of-property-extinguishing-rights-of-owners-ITAT-capital-gain-exemption-taxscan.jpg "“Transfer of property” completes only after extinguishing rights of owners : ITAT allows capital gain exemption [Read Order]")
ITAT quashes reassessment framed u/s.143(3) of Income Tax Act beyond 4 years on absence of establishing failure on part of assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench quashed reassessment framed under section 143(3) of the Income Tax Act, 1961 beyond 4 years in absence of establishing failure on part of...
![ITAT quashes reassessment framed u/s.143(3) of Income Tax Act beyond 4 years on absence of establishing failure on part of assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-ITAT-quashes-reassessment-Income-Tax-Act-failure-assessee-taxscan.jpg "ITAT quashes reassessment framed u/s.143(3) of Income Tax Act beyond 4 years on absence of establishing failure on part of assessee [Read Order]")
CIT (A) can Enhance any Issue which touched upon by AO in Assessment Order : ITAT upholds Enhancement of Income made u/s 251(2) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that Commissioner Income Tax (Appeals) [CIT(A)] could enhance any issue which was touched upon by an Assessing Officer in the Assessment...
![CIT (A) can Enhance any Issue which touched upon by AO in Assessment Order : ITAT upholds Enhancement of Income made u/s 251(2) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CIT-A-Issue-CIT-A-can-Enhance-any-Issue-which-touched-upon-by-AO-AO-Assessment-Order-ITAT-taxscan.jpg "CIT (A) can Enhance any Issue which touched upon by AO in Assessment Order : ITAT upholds Enhancement of Income made u/s 251(2) of Income Tax Act [Read Order]")
ITAT deletes TDS demand against Resident Transporter of goods as Payment was less than Threshold Limit [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the Tax Deducted at Source (TDS) demand against resident transporter of goods as payment was less than the threshold limit. ...
![ITAT deletes TDS demand against Resident Transporter of goods as Payment was less than Threshold Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-TDS-Resident-Transporter-Payment-Threshold-Limit-TAXSCAN.jpg "ITAT deletes TDS demand against Resident Transporter of goods as Payment was less than Threshold Limit [Read Order]")
ITAT directs Re-adjudication in respect of additions made towards deemed dividend u/s 2(22)(e) Income Tax Act received from Shareholder Company [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench directed readjudication in respect of addition made towards deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961 received from...
![ITAT directs Re-adjudication in respect of additions made towards deemed dividend u/s 2(22)(e) Income Tax Act received from Shareholder Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Re-adjudication-additions-deemed-dividend-Income-Tax-Act-Shareholder-Company-TAXSCAN.jpg "ITAT directs Re-adjudication in respect of additions made towards deemed dividend u/s 2(22)(e) Income Tax Act received from Shareholder Company [Read Order]")
Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :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 allowed when receipts from activity of General Public...
![Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Exemption-Of-Income-Tax-Act-Income-Tax-Act-Income-Tax-receipts-from-activity-of-GPU-General-Public-Utility-receipts-from-activity-GPU-TAXSCAN.jpg "Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]")
Deduction Claimed u/s.36(1)(viia) Income Tax Act shall not exceed provision made for Bad and Doubtful Debts in Books of Accounts: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that deduction claimed under Section 36(1)(viia) of the Income Tax Act, 1961 should not exceed provisions made for bad and doubtful debts...
![Deduction Claimed u/s.36(1)(viia) Income Tax Act shall not exceed provision made for Bad and Doubtful Debts in Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Deduction-Income-Tax-Act-provision-Bad-Doubtful-Debts-books-of-accounts-ITAT-TAXSCAN.jpg "Deduction Claimed u/s.36(1)(viia) Income Tax Act shall not exceed provision made for Bad and Doubtful Debts in Books of Accounts: ITAT [Read Order]")
“Corpus Donations” received by assessee’s Trust will include in total income of Trust, if exemption u/s 11 Income Tax Act denied :ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that corpus donation received by assessee trust would include in total income of trust when exemption under Section 11 of the Income Tax...
![“Corpus Donations” received by assessee’s Trust will include in total income of Trust, if exemption u/s 11 Income Tax Act denied :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Corpus-Donations-assessees-Trust-total-income-total-income-of-Trust-exemption-Income-Tax-Act-ITAT-taxscan.jpg "“Corpus Donations” received by assessee’s Trust will include in total income of Trust, if exemption u/s 11 Income Tax Act denied :ITAT [Read Order]")