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

Cash Gift of Rs. 39 Lakh from Husband during Assessment Proceedings was Mere Afterthought after Search: ITAT Upholds Addition [Read Order]

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The Income Tax Appellate Tribunal (ITAT) Bench at Chennai has recently held that, the claim of the assessee, K Gomati that Rs. 39 Lakhs was...

Provision for Warranty Expenses is ascertained liability, allowable as Business Expenditure: ITAT...

No TDS on Wastage of Gold during Jewellery Creation as 'Making Charges': ITAT deletes Disallowance...

An Amalgamated Company can claim Depreciation on Goodwill, No restriction u/s 32(1)(5): ITAT [Read...

TDS Credit should be Allowed when Assessee has offered income relating to said TDS: ITAT [Read...

Cash Gifts during Marriage is Customary in India: ITAT deletes Addition Including Demonetized Notes received as Marriage Gift [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted an addition under section 69A of the Income Tax Act, 1961 where the assessee received cash including the demonetized...

Cash Deposit of Demonetized Notes Not Legally Prohibited till 31st December 2016: ITAT Deletes Addition [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that since there was no legal prohibition in dealing with the demonetized notes till 31st December 2022, the cash deposit of...

VAT Payment would not amount to Fee u/s 40(a)(iib) of Income Tax Act: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Chennai Bench recently in an appeal held that Value Adedd Tax payment would not amount to Fee under section40 (a) (iib) of Income Tax Act 1961. ...

Proceedings u/s 153C cannot be initiated in absence of incriminating material found during search: ITAT [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) held that proceedings under Section 153C of the Income Tax Act, 1961 cannot be initiated in absence of incriminating material found...

Appeal Prior to Declaration under DTVSVS Act, Shall Revive On Failure to Settle Tax Dues: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Chennai Bench recently in an application filed before it held that the Appeal prior to declaration under Direct Tax Vivad Se Vishwas Act shall...

Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]

The Income Tax Appellate Tribunal(ITAT),Chennai Bench, has recently, in an appeal filed before it, held that revisional jurisdiction cannot be invoked to redo assessment, once the same is completed...

Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that additions merely based on presumptions are not maintainable when no defects can be found...

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