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
![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]")
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...
![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]")
![Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-Consideration-and-Stamp-Duty-Valuation-ITAT-TAXSCAN.jpg "Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]")
![Filing of Income Tax Return within Due Date is Mandatory Not Directory to Claim Benefit u/s 10A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Filing-of-Income-Tax-Return-Income-Tax-Return-Income-Tax-Due-Date-Mandatory-Claim-Benefit-ITAT-taxscan.jpg "Filing of Income Tax Return within Due Date is Mandatory Not Directory to Claim Benefit u/s 10A: ITAT [Read Order]")
![Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Dept-income-tax-Extended-Time-Re-Assessment-Tangible-Material-ITAT-Taxscan.jpg "Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]")
Settlement of Dispute under VSVS Scheme on Computing Income in terms of APA between Parties: ITAT orders Re Adjudication [Read Order]
In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has ordered adjudication when the settlement of a dispute under the Vivad se Vishwas (VSVS) Scheme on computing...
![Settlement of Dispute under VSVS Scheme on Computing Income in terms of APA between Parties: ITAT orders Re Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Settlement-of-Dispute-VSVS-Scheme-on-Computing-Income-VSVS-Scheme-APA-ITAT-Re-Adjudication-taxscan.jpg "Settlement of Dispute under VSVS Scheme on Computing Income in terms of APA between Parties: ITAT orders Re Adjudication [Read Order]")
No Evidence to Prove Bogus Purchase, Addition on Account of Estimated Gross Profit not permissible: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that addition on account of estimated gross profit is not permissible in the absence of evidence to prove a bogus purchase. ...
![No Evidence to Prove Bogus Purchase, Addition on Account of Estimated Gross Profit not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Evidence-bogus-purchase-Estimated-Gross-Profit-Gross-Profit-ITAT-taxscan.jpg "No Evidence to Prove Bogus Purchase, Addition on Account of Estimated Gross Profit not permissible: ITAT [Read Order]")
Addition under Head of Undisclosed Stock can't be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that an addition under head of undisclosed stock can't be made based on incomplete tally data from discrepancies. A survey...
![Addition under Head of Undisclosed Stock cant be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Undisclosed-Stock-Incomplete-Tally-Data-ITAT-TAXSCAN.jpg "Addition under Head of Undisclosed Stock cant be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]")
Prior period Expense can't be Added back While Computing Profit & Gain of Business and Profession: ITAT orders to Recompute Book Profit [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that prior period expense can't be added back while computing profit & gain of business and profession. Kavithalayaa...
![Prior period Expense cant be Added back While Computing Profit & Gain of Business and Profession: ITAT orders to Recompute Book Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Expense-Computing-Profit-Gain-Computing-Profit-Gain-Business-Business-and-Profession-ITAT-Income-Tax-Recompute-Book-Profit-Book-Profit-Taxscan-.jpg "Prior period Expense cant be Added back While Computing Profit & Gain of Business and Profession: ITAT orders to Recompute Book Profit [Read Order]")
No Records to prove the Trust Charges Nominal Fee from Weaker Sections to claim Tax Exemption: ITAT directs Re-adjudication
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed for re-adjudication as there were no records to prove that the trust charges a nominal fee from the weaker sections to claim the tax...
Relief to Nagarjuna Oil Corporation, Section 271(1)(c) Penalty cannot be imposed on debatable issue: ITAT [Read Order]
As a relief to Nagarjuna Oil corporation, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Section 271(1)(c) of the Income Tax Act,1961 penalty cannot be imposed on a...
![Relief to Nagarjuna Oil Corporation, Section 271(1)(c) Penalty cannot be imposed on debatable issue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Nagarjuna-Oil-Corporation-Nagarjuna-Oil-Penalty-debatable-issue-ITAT-taxscan-.jpg "Relief to Nagarjuna Oil Corporation, Section 271(1)(c) Penalty cannot be imposed on debatable issue: ITAT [Read Order]")
Freebies to Medical Practitioners are prohibited by Law, Income Tax Deduction u/s 37(1) not allowable: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that freebies to medical practitioners are prohibited by law and deduction under section 37(1) of the Income Tax Act,1961 is not...
![Freebies to Medical Practitioners are prohibited by Law, Income Tax Deduction u/s 37(1) not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Medical-Practitioners-Law-Income-Tax-Deduction-Income-Tax-ITAT-taxscan.jpg "Freebies to Medical Practitioners are prohibited by Law, Income Tax Deduction u/s 37(1) not allowable: ITAT [Read Order]")