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
![Replacement Expenditure cannot be treated as “Current Repairs”: ITAT denies Revenue Expenditure Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Replacement-Current-Repairs-ITAT-Revenue-Expenditure-Claim-TAXSCAN.jpg "Replacement Expenditure cannot be treated as “Current Repairs”: ITAT denies Revenue Expenditure Claim [Read Order]")
Replacement Expenditure cannot be treated as “Current Repairs”: ITAT denies Revenue Expenditure Claim [Read Order]
The Chennai bench of Income Tax Appellate Tribunal (ITAT) recently denied revenue expenditure claim and held that replacement expenditure could not...
![TDS Not Applicable to Trade Discount to Customers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/TDS-Trade-Discount-Discount-Customers-ITAT-taxscan.jpg "TDS Not Applicable to Trade Discount to Customers: ITAT [Read Order]")
![Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Relinquishment-Land-Common-Utility-Purpose-Regulatory-Requirements-Taxable-Capital-Gain-Business-Income-ITAT-Taxscan.jpg "Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]")
![Sale Proceeds of Agricultural Land Not Taxable as Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-Proceeds-of-Agricultural-Land-Sale-Proceeds-Agricultural-Land-Capital-Gain-ITAT-taxscan.jpg "Sale Proceeds of Agricultural Land Not Taxable as Capital Gain: ITAT [Read Order]")
![Rice is “Agricultural Produce”: ITAT deletes Disallowance in respect of Cash Payment to Suppliers as per Existing Rice Trading Practice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Rice-Agricultural-Produce-Cash-Payment-Suppliers-ITAT-Cash-Payment-to-Suppliers-Rice-Trading-Practice-taxscan.jpg "Rice is “Agricultural Produce”: ITAT deletes Disallowance in respect of Cash Payment to Suppliers as per Existing Rice Trading Practice [Read Order]")
Expenses Incurred as Payment to Parent Company that Issued Shares to Employees of Assessee Allowable as Deduction: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that the expenses incurred as payment to parent company that issued shares to employees of assessee shall be allowed as deduction. ...
![Expenses Incurred as Payment to Parent Company that Issued Shares to Employees of Assessee Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Expenses-Payment-Parent-Company-Shares-Shares-to-Employees-Assessee-Deduction-ITAT-Income-Tax-taxscan-.jpg "Expenses Incurred as Payment to Parent Company that Issued Shares to Employees of Assessee Allowable as Deduction: ITAT [Read Order]")
![Factoring Charges Allowable as Deduction under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Factoring-Charges-Deduction-Income-Tax-Act-ITAT-Inome-Tax-Taxscan.jpg "Factoring Charges Allowable as Deduction under Income Tax Act: ITAT [Read Order]")
No Violation of Section 13(1)(c) in respect of Civil Contract awarded to a Firm in which Managing Trustee of Trust is Proprietor, Exemption u/s 11 allowable: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that exemption under section 11 is allowable when there is no violation of section 13(1)(c) of the Income Tax Act since the civil...
![No Violation of Section 13(1)(c) in respect of Civil Contract awarded to a Firm in which Managing Trustee of Trust is Proprietor, Exemption u/s 11 allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Civil-Contract-Trustee-of-Trust-Proprietor-ITAT-taxscan.jpg "No Violation of Section 13(1)(c) in respect of Civil Contract awarded to a Firm in which Managing Trustee of Trust is Proprietor, Exemption u/s 11 allowable: ITAT [Read Order]")
Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]
Income Tax appellate tribunal (ITAT) of Chennai Bench recently held that interest income earned by cooperative society from another cooperative bank eligible for Income Tax Deduction under section...
![Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-Income-Co-operative-Society-Cooperative-Bank-Income-Tax-Deduction-Income-Tax-ITAT-taxscan.jpg "Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]")
Disallowance u/s. 40(a)(i) cannot be Invoked in view of Retrospective Amendment to S. 195 Imposing TDS on Payment to Non-Residents: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Chennai Bench ruled that the disallowance imposed under Section 40(a)(i) of the Income Tax Act, 1961, prohibiting Tax Deduction Source (TDS) on payments to...
![Disallowance u/s. 40(a)(i) cannot be Invoked in view of Retrospective Amendment to S. 195 Imposing TDS on Payment to Non-Residents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Disallowance-us.-40ai-Retrospective-Amendment-to-S.-195-Imposing-TDS-Payment-Non-Residents-ITAT-Taxscan.jpg "Disallowance u/s. 40(a)(i) cannot be Invoked in view of Retrospective Amendment to S. 195 Imposing TDS on Payment to Non-Residents: ITAT [Read Order]")
Advertisement Expenses Not Allowable without Valid Agreement for Transfer of Dealership: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai, has recently, in an appeal filed before it, held that advertisement expenses are not allowable without a valid agreement for the transfer of the...
![Advertisement Expenses Not Allowable without Valid Agreement for Transfer of Dealership: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Advertisement-Expenses-Deduction-ITAT-taxscan.jpg "Advertisement Expenses Not Allowable without Valid Agreement for Transfer of Dealership: ITAT [Read Order]")
![TDS Not Applicable to Payments made to Non-Residents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-Payments-Non-Residence-ITAT-TAXSCAN.jpg "TDS Not Applicable to Payments made to Non-Residents: ITAT [Read Order]")