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
![Production of Proof for Cash deposit during Demonetization: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Production-Proof-Cash-deposit-deposit-Demonetization-Cash-taxscan-.jpg "Production of Proof for Cash deposit during Demonetization: ITAT deletes Addition [Read Order]")
Production of Proof for Cash deposit during Demonetization: ITAT deletes Addition [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Chennai bench has deleted the addition on the basis of production of proof for cash...
![Tax Exemption can’t be allowed in the absence of Evidence substantiating Claim of Reimbursement of Expense as Cost to Cost Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Tax-Exemption-absence-of-Evidence-Reimbursement-of-Expense-Cost-ITAT-Income-Tax-taxscan-.jpg "Tax Exemption can’t be allowed in the absence of Evidence substantiating Claim of Reimbursement of Expense as Cost to Cost Basis: ITAT [Read Order]")
![Forex Loss from Trade Debtors/Creditors is Operating in Nature, No Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Forex-Loss-from-Trade-Debtors-Creditors-is-Operating-in-Nature-No-Tax-Deduction-ITAT-TAXSCAN.jpg "Forex Loss from Trade Debtors/Creditors is Operating in Nature, No Tax Deduction: ITAT [Read Order]")
![Capital Gains derived from Sale of Property set off under current year Business Loss: ITAT upholds Disallowance of Loss on account of write-off Inventory of Cotton [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gains-Business-Loss-ITAT-upholds-Disallowance-of-Loss-on-account-of-write-off-Inventory-of-Cotton-TAXSCAN.jpg "Capital Gains derived from Sale of Property set off under current year Business Loss: ITAT upholds Disallowance of Loss on account of write-off Inventory of Cotton [Read Order]")
![UPS and Printers are part of Computer Systems, 60 % Depreciation allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/UPS-and-Printers-are-part-of-computer-systems-60-depreciation-allowable-ITAT-TAXSCAN.jpg "UPS and Printers are part of Computer Systems, 60 % Depreciation allowable: ITAT [Read Order]")
Agricultural Land used for Agricultural purposes is entitled for Exception u/s 2(14) of Income Tax Act: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that agricultural land used for agricultural purposes is entitled for exception under Section 2(14) of the Income Tax Act, 1961. ...
![Agricultural Land used for Agricultural purposes is entitled for Exception u/s 2(14) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Agricultural-Land-Agricultural-Land-used-for-Agricultural-purposes-Income-Tax-Act-ITAT-taxscan.jpg "Agricultural Land used for Agricultural purposes is entitled for Exception u/s 2(14) of Income Tax Act: ITAT [Read Order]")
Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of the circular issued by the Central Board of Direct Taxes (CBDT) providing a ceiling on the holding of the...
![Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CBDT-Circular-Holding-of-Jewellery-Ceiling-on-Holding-of-Jewellery-Jewellery-Minor-Son-Daughter-ITAT-taxscan.jpg "Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]")
Interest paid on Belated Payments of Service Tax is allowable for deduction u/s 37(1) Income Tax Act: ITAT [Read Order]
In a recent ruling, Chennai Bench of the Income Tax Appellate Tribunal (ITAT) presided over by a Judicial Member V. Durga Rao and an Accountant Member G. Manjunatha decided that the interest paid on...
![Interest paid on Belated Payments of Service Tax is allowable for deduction u/s 37(1) Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-paid-Belated-Payments-Service-Tax-Payments-deduction-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Interest paid on Belated Payments of Service Tax is allowable for deduction u/s 37(1) Income Tax Act: ITAT [Read Order]")
Mere impression that Auditor will file appeal is not a Sufficient Cause: ITATÂ refuses to Condone Delay [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the mere impression that the auditor will file an appeal is not a sufficient cause and refused to condone the delay. ...
![Mere impression that Auditor will file appeal is not a Sufficient Cause: ITATÂ refuses to Condone Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Auditor-appeal-ITAT-Condone-Delay-taxscan.jpg "Mere impression that Auditor will file appeal is not a Sufficient Cause: ITATÂ refuses to Condone Delay [Read Order]")
![Nature of Capital Gain to be determined based on Agreement/Allotment Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Nature-of-Capital-Gain-to-be-determined-based-on-Agreement-Allotment-Date-ITAT-TAXSCAN.jpg "Nature of Capital Gain to be determined based on Agreement/Allotment Date: ITAT [Read Order]")
Agricultural Activity carried out and Agricultural Income declared, Sale not taxable as Capital Gains: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held, in the case of revenue against the assessee-K. Dhandapani and Co. Ltd. that agricultural activity has been carried out...
![Agricultural Activity carried out and Agricultural Income declared, Sale not taxable as Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Agricultural-Activity-Agricultural-Income-Sale-Capital-Gains-ITAT-taxscan.jpg "Agricultural Activity carried out and Agricultural Income declared, Sale not taxable as Capital Gains: ITAT [Read Order]")
![Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Furniture-and-Maintenance-Expenditure-does-not-amount-to-Capital-Expenditure-ITAT-TAXSCAN.jpg "Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]")