ITAT Chennai Judgments, Orders & News | Income Tax Appellate Tribunal

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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

Huge Delay of 1468 Days in Filing Appeal cannot be Condoned Without Reasonable Cause: ITAT [Read Order]

Gayathri C.H

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that a huge delay of 1468 days in filing an...

No TDS Default on Interest Payments, if Form 15G/15H Submitted by Assessee before Year-end: ITAT...

Re-Assessment Notice Issued After Four Years of Relevant AY: ITAT quashes Order u/s 147 [Read Order]

Income Tax Appeal Filed after Moratorium Period as per IBC is not Maintainable: ITAT [Read Order]

Registration of Trust u/s 12AA Once Done, Continues Unless Withdrawn by Specific Order: ITAT Sets...

Assessee Lacked Proper Opportunity before the AO due to Dire Financial Stress and Difficulties: ITAT sets Aside Orders of CIT (A) being Ex-parte Order

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, set aside the orders of CIT (A) being ex-parte, on the ground that the assessee lacked proper...

Income Tax Penalty u/s 270A cannot be Levied when Disallowance made on Estimate Basis: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that income tax penalty under Section 270A of the Income Tax Act, 1961 cannot be levied, when...

Section 54F Deduction can be Allowed even if Amount not Deposited in Capital Gains Account Scheme: ITAT [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that Section 54F Deduction under the Income Tax Act, 1961 can be allowed even if amount not Deposited in Capital Gains Account...

S. 50C Not Applicable on Transfer of Property held as “Stock-in-Trade”: ITAT [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that Section 50C of the Income Tax Act is not applicable to the transfer of property which is held as “stock-in-trade”. The AO...

Capital Gain Exemption u/s 54 cannot be Denied on Acquiring New House Property in the Name of Wife: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that capital gain exemption u/s 54 cannot be denied on acquiring new house property in the...

Revisional Jurisdiction u/s 263 cannot be Invoked for “Inadequate Enquiry”: ITAT [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), observed that the Revisional Jurisdiction under Section 263 of the Income Tax Act, 1961 cannot be Invoked for “Inadequate Enquiry”. ...

Capital Gain from Sale of Shares cannot be treated as Bogus solely on the basis of Report of Income Tax Dept: ITAT [Read Order]

The Chennai Income Tax Appellate Tribunal (ITAT) has recently held that capital gain from sale of shares could not be treated as bogus solely on the basis of a report of the Income Tax Department. ...

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