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
![Royalty received by Developer would constitute Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Royalty-Developer-Business-Income-ITAT-Income-Taxscan.jpg "Royalty received by Developer would constitute Business Income: ITAT [Read Order]")
Royalty received by Developer would constitute Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the receipt of royalty by the real estate developer was rightly declared as...
![Deduction allowable to Loss on Investment in Subsidiary made to Boost Sales: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Deduction-Loss-on-Investment-Boost-Sales-ITAT-taxscan.jpg "Deduction allowable to Loss on Investment in Subsidiary made to Boost Sales: ITAT [Read Order]")
![Depreciation can’t be claimed on Factory Building leased out to Earn Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Unabsorbed-depreciation-Madras-High-Court-Taxscan.jpg "Depreciation can’t be claimed on Factory Building leased out to Earn Rental Income: ITAT [Read Order]")
![A Right acquired through Share Warrants amount to Capital Asset for Income Tax purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/A-Right-acquired-share-warrants-Capital-Asset-Income-Tax-purposes-ITAT-Taxscan.jpg "A Right acquired through Share Warrants amount to Capital Asset for Income Tax purposes: ITAT [Read Order]")
![ITAT accepts Lease Income as ‘Business Income’ as Business Investments were mostly in nature of Properties [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/ITAT-lease-income-Business-income-business-investments-Taxscan.jpg "ITAT accepts Lease Income as ‘Business Income’ as Business Investments were mostly in nature of Properties [Read Order]")
Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the rental income received through sub-leasing of the property shall be treated as the business income of the assessee as...
![Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Rental-Income-from-Sub-Lease-Business-Income-Business-of-Assessee-ITAT-Taxscan.jpg "Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]")
![Supervisory Fee paid to Parent Company shall be Deductible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/Supervisory-Fee-ITAT-Taxscan.jpeg "Supervisory Fee paid to Parent Company shall be Deductible: ITAT [Read Order]")
![Prior Period Items can be excluded while computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/computing-Book-Profit-ITAT-Taxscan.jpeg "Prior Period Items can be excluded while computing Book Profit: ITAT [Read Order]")
Tahasildar is not a Competent Person to decide distance between the Municipal Limit and Disputed Land: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that Tahasildar is not a competent person to decide the distance between the municipal limit and disputed land for the purpose of...
![Tahasildar is not a Competent Person to decide distance between the Municipal Limit and Disputed Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Tahasildaris-ITAT-Taxscan.jpg "Tahasildar is not a Competent Person to decide distance between the Municipal Limit and Disputed Land: ITAT [Read Order]")
Once Addition towards alleged Bogus Purchases made, Additions of similar amounts can’t be made as it leads to Double Addition: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that once Addition towards alleged bogus purchases made, additions of similar amounts can not be made as it leads to Double Addition. ...
![Once Addition towards alleged Bogus Purchases made, Additions of similar amounts can’t be made as it leads to Double Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/bogus-purchases-ITAT-Taxscan.jpg "Once Addition towards alleged Bogus Purchases made, Additions of similar amounts can’t be made as it leads to Double Addition: ITAT [Read Order]")
Investments yielding Exempted Income ought to be considered while Computing disallowance under Rule 8D(2)(iii): ITAT directs Re-computation
The Income Tax Appellate Tribunal (ITAT), Chennai Bench while directing the re-computation ruled that the Investments yielding exempted income ought to be considered while computing disallowance...
Use of 15% of Plant and Machinery of Existing Business: ITAT allows Tax Benefit to New Undertaking since the Usage was below Specified Limit
The Income Tax Appellate Tribunal (ITAT), Chennai Bench allowed the Tax Benefit to New Undertaking since the Usage was below Specified Limit. The assessee, Mr. Pool Thevar Marimuthu an...
