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
![Section 194C (6) & (7) are independent of each other and cannot be read together to attract Disallowance u/s 40(a)(ia): ITAT quashes Rectification Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/independent-disallowance-ITAT-rectification-order-taxscan.jpg "Section 194C (6) & (7) are independent of each other and cannot be read together to attract Disallowance u/s 40(a)(ia): ITAT quashes Rectification Order [Read Order]")
Section 194C (6) & (7) are independent of each other and cannot be read together to attract Disallowance u/s 40(a)(ia): ITAT quashes Rectification Order [Read Order]
Section 194C (6) & (7) are independent of each other and cannot be read together to attract disallowance u/s 40(a)(ia), the Chennai Bench of the...
![Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Exemption-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]")
![ITAT directs to Re-Consider Warranty Claim by MRF Tyres [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-Re-Consider-Warranty-Claim-MRF-Tyres-TAXSCAN.jpg "ITAT directs to Re-Consider Warranty Claim by MRF Tyres [Read Order]")
![No Disallowance of Expenses can be made for Exempt Income u/s 14A r/w Rule 8D of IT Rules while Computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Disallowance-of-expenses-income-book-profit-ITAT-taxscan.jpg "No Disallowance of Expenses can be made for Exempt Income u/s 14A r/w Rule 8D of IT Rules while Computing Book Profit: ITAT [Read Order]")
Reasonable opportunity not given before rejecting the claim u/s 80IA, Order by AIDT does not sustain: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench has held that the order by the AIDT will not sustain as it was rejecting the claim under section 80I A of the Income Tax Act,1961 without...
![Reasonable opportunity not given before rejecting the claim u/s 80IA, Order by AIDT does not sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/AIDT-ITAT-taxscan.jpg "Reasonable opportunity not given before rejecting the claim u/s 80IA, Order by AIDT does not sustain: ITAT [Read Order]")
Remission of Liability by order of BIFR is a Capital Liability, cannot be brought to Tax as Business Income: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that remission of liability by order of the Board for Industrial and Financial Reconstruction (BIFR) is a capital liability, and...
![Remission of Liability by order of BIFR is a Capital Liability, cannot be brought to Tax as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Liability-BIFR-Capital-Liability-Tax-Business-Income-ITAT-Taxscan.jpeg "Remission of Liability by order of BIFR is a Capital Liability, cannot be brought to Tax as Business Income: ITAT [Read Order]")
![ITAT confirms Penalty levied u/s 271AAA on Admission of Undisclosed Income by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-penalty-Section-271-AAA-undisclosed-income-assesse-Taxscan.jpg "ITAT confirms Penalty levied u/s 271AAA on Admission of Undisclosed Income by Assessee [Read Order]")
Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai, has recently ruled that a trust facilitating financial assistance to the poor, to access housing credit, is not eligible for getting a registration...
![Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Financial-Assistance-Housing-Credit-ITAT-taxscan.jpeg "Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]")
Fraudulent Action of Director of Assessee-Company to Sell Property without valid Authorization: ITAT deletes Addition of 2 cr [Read Order]
An Addition of 2 crores was deleted by the Income Tax Appellate Tribunal (ITAT), Chennai due to fraudulent action of director of assessee-company to sell property without valid authorization. The...
![Fraudulent Action of Director of Assessee-Company to Sell Property without valid Authorization: ITAT deletes Addition of 2 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/assessee-sell-property-ITAT-taxscan.jpeg "Fraudulent Action of Director of Assessee-Company to Sell Property without valid Authorization: ITAT deletes Addition of 2 cr [Read Order]")
Re-Assessment is Invalid If Satisfaction recorded in Mechanical Manner without Application of Mind: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai recorded re opening assessment as invalid on the ground that satisfaction was recorded in a mechanical manner without application of mind for issuing...
![Re-Assessment is Invalid If Satisfaction recorded in Mechanical Manner without Application of Mind: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/application-of-mind-notice-ITAT-assessment-taxscan.jpg "Re-Assessment is Invalid If Satisfaction recorded in Mechanical Manner without Application of Mind: ITAT [Read Order]")
![ITAT dismisses Appeal stating delay of 1070 days on lack of prima facie Bonafideness [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-appeal-bonafideness-taxscan.jpeg "ITAT dismisses Appeal stating delay of 1070 days on lack of prima facie Bonafideness [Read Order]")