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
![Non appearance before lower authorities: ITAT directs assessee to deposit cost of Rs 5000/- to State Legal Aid Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-appearance-before-lower-authorities-lower-authorities-ITAT-State-Legal-Aid-Authority-Income-Tax-Act-Income-Tax-ITAT-News-directs-assessee-to-deposit-Income-Tax-News-TAXSCAN.jpg "Non appearance before lower authorities: ITAT directs assessee to deposit cost of Rs 5000/- to State Legal Aid Authority [Read Order]")
Non appearance before lower authorities: ITAT directs assessee to deposit cost of Rs 5000/- to State Legal Aid Authority [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, directed the deposit cost of rupees 5,000/- to the State Legal Aid Authority due to...
![Appeal against Late Fee U/s 234e of Income Tax Act for Delayed Filing of TDS Returns more than 6 years later: ITAT dismisses Delay Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Appeal-against-late-Income-Tax-Act-delayed-filing-of-TDS-returns-ITAT-delay-petition-TAXSCAN.jpg "Appeal against Late Fee U/s 234e of Income Tax Act for Delayed Filing of TDS Returns more than 6 years later: ITAT dismisses Delay Petition [Read Order]")
![Software being an integral part, shall be eligible for same rate of Depreciation as applicable to Computer System: ITAT grants relief to Caterpillar India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Software-being-integral-part-same-rate-of-Depreciation-applicable-to-Computer-System-ITAT-grants-Caterpillar-India-TAXSCAN.jpg "Software being an integral part, shall be eligible for same rate of Depreciation as applicable to Computer System: ITAT grants relief to Caterpillar India [Read Order]")
![Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Mere-Transfer-Real-Estate-Construction-Business-Sale-Consideration-Capital-Gains-ITAT-taxscan.jpg "Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]")
![Consideration received on Termination of Call Option Agreement that Relinquishes Purchase of Shares is Transfer under Income Tax Act Taxable as Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Consideration-received-Termination-Call-Option-Agreement-Relinquishes-Purchase-of-Shares-Transfer-under-Income-Tax-Act-Taxable-Capital-Gains-ITAT-taxscan.jpg "Consideration received on Termination of Call Option Agreement that Relinquishes Purchase of Shares is Transfer under Income Tax Act Taxable as Capital Gains: ITAT [Read Order]")
No enhanced cost paid for Transfer of Textile Spinning Unit acquired through Auction Sale of Bank of Baroda: ITAT allows Depreciation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, held that no enhanced cost was paid for the transfer of the textile spinning unit acquired through an auction sale of Bank of Baroda....
![No enhanced cost paid for Transfer of Textile Spinning Unit acquired through Auction Sale of Bank of Baroda: ITAT allows Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-enhanced-cost-paid-for-Transfer-of-Textile-Spinning-Unit-acquired-through-Auction-Sale-of-Bank-of-Baroda-ITAT-allows-Depreciation-TAXSCAN.jpg "No enhanced cost paid for Transfer of Textile Spinning Unit acquired through Auction Sale of Bank of Baroda: ITAT allows Depreciation [Read Order]")
Corpus Donation collected from Parents of Students admitted in Schools are voluntary in nature: ITAT allows Exemption u/s.11 of I.T Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that corpus donations collected from the parents of the students admitted to the school are voluntary in nature. Thus, the bench allowed...
![Corpus Donation collected from Parents of Students admitted in Schools are voluntary in nature: ITAT allows Exemption u/s.11 of I.T Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Corpus-Donation-parents-students-admitted-Schools-voluntary-nature-ITAT-exemption-I.T-Act-TAXSCAN.jpg "Corpus Donation collected from Parents of Students admitted in Schools are voluntary in nature: ITAT allows Exemption u/s.11 of I.T Act [Read Order]")
Excess Gold Jewellery Stock found during Survey Proceedings as Stock transferred from Proprietary Concern to Partnership Firm, not unexplained Investment u/s 69B of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that excess gold jewellery stock found during the survey proceedings as stock transferred from proprietary concern to partnership firm,...
![Excess Gold Jewellery Stock found during Survey Proceedings as Stock transferred from Proprietary Concern to Partnership Firm, not unexplained Investment u/s 69B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Gold-Jewellery-Excess-Gold-Jewellery-Stock-Gold-Jewellery-Stock-Survey-Proceedings-Stock-transferred-Proprietary-Concern-Partnership-Firm-unexplained-investment-ITAT-taxscan.jpg "Excess Gold Jewellery Stock found during Survey Proceedings as Stock transferred from Proprietary Concern to Partnership Firm, not unexplained Investment u/s 69B of Income Tax Act: ITAT [Read Order]")
Advance Received by Assessee Constitutes a "Gift" and therefore Exempt from Penalty u/s 271D of the Income Tax Act: ITAT Dismisses Appeal [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the donor has amply expressed the intention that the advances were given merely as gifts since the inception thus upheld the order...
![Advance Received by Assessee Constitutes a Gift and therefore Exempt from Penalty u/s 271D of the Income Tax Act: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Advance-Received-by-Assessee-Gift-Exempt-from-Penalty-Income-Tax-Act-ITAT-Dismisses-Appeal-taxscan-1.jpg "Advance Received by Assessee Constitutes a Gift and therefore Exempt from Penalty u/s 271D of the Income Tax Act: ITAT Dismisses Appeal [Read Order]")
Assessment Order passed without examining Taxability of Agricultural Land sold by assessee: ITAT upholds Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that the assessing officer passed the assessment order without examining taxability of land sold by the assessee....
![Assessment Order passed without examining Taxability of Agricultural Land sold by assessee: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessment-Order-Taxability-Agricultural-Land-assessee-ITAT-taxscan.jpg "Assessment Order passed without examining Taxability of Agricultural Land sold by assessee: ITAT upholds Revision Order [Read Order]")
Lack of Reasonable Opportunity to substantiate Source of Cash Deposit: ITAT quashes Assessment [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that reasonable opportunity is to be provided to the assessee to substantiate source of cash deposit in favor of natural justice. ...
![Lack of Reasonable Opportunity to substantiate Source of Cash Deposit: ITAT quashes Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Lack-of-Reasonable-Opportunity-Source-of-Cash-Deposit-ITAT-quashes-Assessment-Cash-Deposit-Assessment-taxscan.jpg "Lack of Reasonable Opportunity to substantiate Source of Cash Deposit: ITAT quashes Assessment [Read Order]")
ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that no fault could be found in the observation that the assessment was framed without making due enquiries. In such a case,...
![ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-directs-revision-found-in-the-observation-assessment-was-framed-without-making-due-enquires-TAXSCAN.jpg "ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]")