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
![No penalty shall be imposed u/s 271B of Income Tax Act on reason of Return not Appearing E-Filing Portal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-penalty-shall-be-imposed-Income-Tax-Act-reason-of-Return-not-Appearing-E-Filing-Portal-E-Filing-Portal-ITAT-Taxscan.jpg "No penalty shall be imposed u/s 271B of Income Tax Act on reason of Return not Appearing E-Filing Portal: ITAT [Read Order]")
No penalty shall be imposed u/s 271B of Income Tax Act on reason of Return not Appearing E-Filing Portal: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no penalty should be imposed under Section 271B of the Income...
![No failure on the part of the Assessee to Disclose Material Facts during Scrutiny u/s 143(3), IT Act: ITAT quashes Reopening of Assessment u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-failure-on-the-part-of-the-Assessee-to-Disclose-Material-Facts-during-Scrutiny-Assessee-Material-Facts-Scrutiny-IT-Act-ITAT-quashes-Reopening-of-Assessment-ITAT-Taxscan.jpg "No failure on the part of the Assessee to Disclose Material Facts during Scrutiny u/s 143(3), IT Act: ITAT quashes Reopening of Assessment u/s 148 [Read Order]")
![Expenditure Claimed on account of Forward Premium relating to Forward Contracts in respect of Foreign Currency Loans are Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Expenditure-Claimed-on-account-of-Forward-Premium-relating-to-Forward-Contracts-in-respect-of-Foreign-Currency-Loans-are-Capital-Expenditure-ITAT-TAXSCAN.jpg "Expenditure Claimed on account of Forward Premium relating to Forward Contracts in respect of Foreign Currency Loans are Capital Expenditure: ITAT [Read Order]")
![ITAT upholds Addition Due to Inadequate Maintenance of Books of Accounts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-upholds-Addition-Due-Inadequate-Maintenance-of-Books-of-Accounts-TAXSCAN.jpg "ITAT upholds Addition Due to Inadequate Maintenance of Books of Accounts [Read Order]")
ITAT Allows Interest on Refund u/s 244A of Finance Act, 2016: A Matter of Fairness and Equity [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently allowed interest on refund under Section 244A of the Finance Act 2016 as a matter of fairness and equity. Upon perusal of the...
![ITAT Allows Interest on Refund u/s 244A of Finance Act, 2016: A Matter of Fairness and Equity [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Allows-Interest-on-Refund-Interest-on-Refund-Interest-Refund-Finance-Act-Equity-Taxscan.jpg "ITAT Allows Interest on Refund u/s 244A of Finance Act, 2016: A Matter of Fairness and Equity [Read Order]")
Cash Payment of Defaulted EMI Instalment to Financier after Cheque Bounce is “Reasonable Cause”: ITAT deletes Penalty u/s 273B [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty imposed under Section 273B of the Income Tax Act holding that the cash payment of defaulted EMI instalment to...
![Cash Payment of Defaulted EMI Instalment to Financier after Cheque Bounce is “Reasonable Cause”: ITAT deletes Penalty u/s 273B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cash-Payment-of-Defaulted-EMI-Instalment-to-Financier-Cheque-Bounce-is-Reasonable-Cause-ITAT-deletes-Penalty-us-273B-TAXSCAN.jpg "Cash Payment of Defaulted EMI Instalment to Financier after Cheque Bounce is “Reasonable Cause”: ITAT deletes Penalty u/s 273B [Read Order]")
![Private Religious Trusts not eligible for Registration u/s 12AA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Private-Religious-Trusts-Registration-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Private Religious Trusts not eligible for Registration u/s 12AA of Income Tax Act: ITAT [Read Order]")
Consideration from Sale of Agricultural Land not Taxable as ‘capital Gains’: ITAT deletes Addition [Read Order]
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition made by the assessing officer and held that consideration received towards sale of agricultural land should not...
![Consideration from Sale of Agricultural Land not Taxable as ‘capital Gains’: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Consideration-from-Sale-of-Agricultural-Land-Consideration-Sale-of-Agricultural-Land-ITAT-deletes-Addition-capital-Gains-Agricultural-Land-not-Taxable-Income-Tax-ITAT-taxscan.jpg "Consideration from Sale of Agricultural Land not Taxable as ‘capital Gains’: ITAT deletes Addition [Read Order]")
ITAT quashes Assessment Order Due to Lack of Opportunity given to be Heard to Assessee u/s 144A [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently quashed the assessment order passed under Section 144A of the Income Tax Act due to lack Opportunity to be heard for assessee. ...
![ITAT quashes Assessment Order Due to Lack of Opportunity given to be Heard to Assessee u/s 144A [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-quashes-Assessment-Order-ITAT-Assessment-Order-Heard-to-Assessee-taxscan.jpg "ITAT quashes Assessment Order Due to Lack of Opportunity given to be Heard to Assessee u/s 144A [Read Order]")