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
![Leave Encashment and Employees provision for Gratuity are ascertained Liability, allowable in Book Profit Computation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Leave-Encashment-Employees-Employees-Gratuity-Gratuity-Book-Profit-Computation-Book-Profit-ITAT-taxscan.jpg "Leave Encashment and Employees provision for Gratuity are ascertained Liability, allowable in Book Profit Computation: ITAT [Read Order]")
Leave Encashment and Employees provision for Gratuity are ascertained Liability, allowable in Book Profit Computation: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that leave encashment and employee provision for Gratuity is ascertained...
![Depositing Unutilized Capital Gain in Deposit Account Scheme: ITAT grants Capital Gain Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gain-Deposit-Scheme-ITAT-Capital-Gain-Exemption-TAXSCAN.jpg "Depositing Unutilized Capital Gain in Deposit Account Scheme: ITAT grants Capital Gain Exemption [Read Order]")
![Owner Selling Property through GPA Holder: ITAT confirms Income as LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/LTCG-for-Sale-of-Equity-Shares-as-Bogus-Income-Tax-Act-ITAT-confirms-Income-Tax-Addition-TAXSCAN.jpg "Owner Selling Property through GPA Holder: ITAT confirms Income as LTCG [Read Order]")
![VAT collected Separately from Customer differ from Charges u/s 40 (a) (iib), Deduction allowable: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/VAT-Customer-differ-Charges-Deduction-ITAT-Revisional-Order-TAXSCAN.jpg "VAT collected Separately from Customer differ from Charges u/s 40 (a) (iib), Deduction allowable: ITAT quashes Revisional Order [Read Order]")
![ITAT orders Re-examination on Applicability of TDS u/s 195 of Income Tax Act on Payment made to Non-Residents [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Re-examination-Applicability-TDS-Income-Tax-Act-Payment-TAXSCAN.jpg "ITAT orders Re-examination on Applicability of TDS u/s 195 of Income Tax Act on Payment made to Non-Residents [Read Order]")
![Payment of Rs. 22 Lakh in Cash to Wholesale Dealer attracts Disallowance u/s 40A(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-Cash-Wholesale-Dealer-Wholesale-ITAT-taxscan.jpg "Payment of Rs. 22 Lakh in Cash to Wholesale Dealer attracts Disallowance u/s 40A(3): ITAT [Read Order]")
![No TDS on Payment of Fee to Singapore Entity: ITAT Grants Relief to Standard Chartered [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/TDS-Payment-Payment-of-Fee-Singapore-Entity-ITAT-Standard-Chartered-Taxscan.jpg "No TDS on Payment of Fee to Singapore Entity: ITAT Grants Relief to Standard Chartered [Read Order]")
Relief to CRI Group: Royalty paid to Holding Company for Using Brand Name Deductible from Total Income, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the amount of royalty paid to the Holding Company for using the brand name, being a revenue expenditure, shall be deductible...
![Relief to CRI Group: Royalty paid to Holding Company for Using Brand Name Deductible from Total Income, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CRI-Group-Royalty-Total-Income-ITAT-TAXSCAN.jpg "Relief to CRI Group: Royalty paid to Holding Company for Using Brand Name Deductible from Total Income, rules ITAT [Read Order]")
Development Expense and Exchange Fluctuation Loss deducted from Export Turnover must be deducted also from Total Turnover: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that Development expense and exchange fluctuation loss deducted from export turnover needs to be deducted from total turnover. ...
![Development Expense and Exchange Fluctuation Loss deducted from Export Turnover must be deducted also from Total Turnover: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Development-Expense-Export-Turnover-must-be-deducted-ITAT-TAXSCAN.jpg "Development Expense and Exchange Fluctuation Loss deducted from Export Turnover must be deducted also from Total Turnover: ITAT [Read Order]")
![Non-Compete Agreement is an Intangible Asset, Depreciation allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-Compete-Agreement-is-an-Intangible-Asset-Depreciation-ITAT-TAXSCAN.jpg "Non-Compete Agreement is an Intangible Asset, Depreciation allowable: ITAT [Read Order]")
Rental Income derived from Lease of Plant & Machinery or Equipment Taxable under Head ‘Income from Other Sources’: ITAT [Read Order]
In the case of Penta soft technology, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the rental income derived from the lease of plant & machinery or equipment is...
![Rental Income derived from Lease of Plant & Machinery or Equipment Taxable under Head ‘Income from Other Sources’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Rental-income-plant-machinery-or-equipment-taxable-ITAT-TAXSCAN.jpg "Rental Income derived from Lease of Plant & Machinery or Equipment Taxable under Head ‘Income from Other Sources’: ITAT [Read Order]")
Income derived from Training Fee and related Course Material, not entitled to Deduction u/s.10B: ITAT [Read Order]
In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the rental income derived from the lease of plant & machinery or equipment is taxable under the...
![Income derived from Training Fee and related Course Material, not entitled to Deduction u/s.10B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/training-fee-Income-course-material-deduction-ITAT-Income-Tax-taxscan.jpg "Income derived from Training Fee and related Course Material, not entitled to Deduction u/s.10B: ITAT [Read Order]")