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
![Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Excess-Stock-Unexplained-Investment-us-69B-Income-Tax-levy-us-115BBE-ITAT-TAXSCAN1.jpg "Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT [Read Order]")
Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT [Read Order]
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that income offered towards excess stock could not be treated as...
![Income Generated from Production and Sale of White Button Mushrooms is Agricultural Activity, shall Exempt from Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Generated-from-Production-Income-Generated-Production-Sale-of-White-Button-Mushrooms-White-Button-Mushrooms-Agricultural-Activity-Tax-ITAT-Taxscan.jpg "Income Generated from Production and Sale of White Button Mushrooms is Agricultural Activity, shall Exempt from Tax: ITAT [Read Order]")
![Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Income-from-Other-Source-Fixed-Deposits-Assessee-taxscan.jpg "Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]")
![Huge Delay of 1468 Days in Filing Appeal cannot be Condoned Without Reasonable Cause: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Huge-Delay-Filing-Appeal-Reasonable-Cause-ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Taxscan.jpg "Huge Delay of 1468 Days in Filing Appeal cannot be Condoned Without Reasonable Cause: ITAT [Read Order]")
![No TDS Default on Interest Payments, if Form 15G/15H Submitted by Assessee before Year-end: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Default-TDS-Interest-Payments-ITAT-TDS-Default-on-Interest-Payments-taxscan.jpg "No TDS Default on Interest Payments, if Form 15G/15H Submitted by Assessee before Year-end: ITAT [Read Order]")
Re-Assessment Notice Issued After Four Years of Relevant AY: ITAT quashes Order u/s 147 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, on finding that the re-assessment notice was issued after four years of the relevant AY, quashed...
![Re-Assessment Notice Issued After Four Years of Relevant AY: ITAT quashes Order u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Re-Assessment-Notice-Re-Assessment-Re-Assessment-Notice-Issued-After-Four-Years-ITAT-quashes-Order-Relevant-AY-After-Four-Years-of-Relevant-AY-ITAT-taxscan.jpg "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]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Appeal-Income-Tax-Appeal-Income-Tax-Appeal-Filed-after-Moratorium-Period-Income-Tax-Appeal-Filed-Moratorium-Period-IBC-Maintainable-ITAT-taxscan.jpg "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 Aside Denial of Sec 11 Benefit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, while setting aside the denial of Section 11 benefit, held that a registration of trust once done...
![Registration of Trust u/s 12AA Once Done, Continues Unless Withdrawn by Specific Order: ITAT Sets Aside Denial of Sec 11 Benefit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Registration-of-Trust-Trust-Withdrawn-by-Specific-Order-Specific-Order-ITAT-Income-Tax-Taxscan.jpg "Registration of Trust u/s 12AA Once Done, Continues Unless Withdrawn by Specific Order: ITAT Sets Aside Denial of Sec 11 Benefit [Read Order]")
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...
![Income Tax Penalty u/s 270A cannot be Levied when Disallowance made on Estimate Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Disallowance-Income-Tax-Penalty-Estimate-Basis-ITAT-Income-Tax-Taxscan.jpg "Income Tax Penalty u/s 270A cannot be Levied when Disallowance made on Estimate Basis: ITAT [Read Order]")
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...
![Section 54F Deduction can be Allowed even if Amount not Deposited in Capital Gains Account Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deduction-Amount-not-Deposited-Capital-Gains-Account-Scheme-Capital-Gain-ITAT-Income-Tax-Taxscan.jpg "Section 54F Deduction can be Allowed even if Amount not Deposited in Capital Gains Account Scheme: ITAT [Read Order]")
![S. 50C Not Applicable on Transfer of Property held as “Stock-in-Trade”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Transfer-of-Property-Property-Stock-in-Trade-Stock-Trade-ITAT-Taxscan.jpg "S. 50C Not Applicable on Transfer of Property held as “Stock-in-Trade”: ITAT [Read Order]")