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
![Appeals cannot be dismissed merely because Assessee opted VSVS and Form 5 is Issued: ITAT directs NFAC to decide Appeals on Merits [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/National-Faceless-Assessment-Centre-Appeals-Assessee-VSVS-ITAT-NFAC-Taxscan.jpeg "Appeals cannot be dismissed merely because Assessee opted VSVS and Form 5 is Issued: ITAT directs NFAC to decide Appeals on Merits [Read Order]")
Appeals cannot be dismissed merely because Assessee opted VSVS and Form 5 is Issued: ITAT directs NFAC to decide Appeals on Merits [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has directed the National Faceless Appeal Centre (NFAC) to decide appeals on merits...
![Subscription Money received in advance by Sun Direct TV from Customers shall be treated as Deferred Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Subscription-Money-Sun-Direct-TV-Deferred-Income-ITAT-Taxscan.jpg "Subscription Money received in advance by Sun Direct TV from Customers shall be treated as Deferred Income: ITAT [Read Order]")
![Delay of 1217 Days in filing Appeal due to Covid-19: ITAT imposes Cost of Rs. 25,000 to Condone Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Delay-filing-Appeal-Covid-19-ITAT-condone-Delay-Taxscan.jpeg "Delay of 1217 Days in filing Appeal due to Covid-19: ITAT imposes Cost of Rs. 25,000 to Condone Delay [Read Order]")
![Relief to Matrimony.com: No TDS on Advertisement Expenses paid to Online Platforms [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Relief-Matrimony.com-TDS-Advertisement-Expenses-paid-Online-Platforms-Taxscan.jpeg "Relief to Matrimony.com: No TDS on Advertisement Expenses paid to Online Platforms [Read Order]")
![Warranty Obligation being Part and Parcel of Sales Transactions, TDS not applicable as FTS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Warranty-Obligation-Part-Parcel-Sales-Transactions-TDS-FTS-ITAT-Taxscan.jpeg "Warranty Obligation being Part and Parcel of Sales Transactions, TDS not applicable as FTS: ITAT [Read Order]")
Compensation to Developer on Termination of JDA cannot be claimed as 'Project Expenditure': ITAT upholds Addition [Read Order]
The Chennai bench of the ITAT has held that the amount of compensation paid to the developer on termination of a Joint Development Agreement cannot be claimed as “Project Expenditure” under the...
![Compensation to Developer on Termination of JDA cannot be claimed as Project Expenditure: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Compensation-Developer-Termination-of-JDA-Project-Expenditure-ITAT-Taxscan.jpeg "Compensation to Developer on Termination of JDA cannot be claimed as Project Expenditure: ITAT upholds Addition [Read Order]")
Delay due to Medical Condition is a Reasonable Cause: ITAT Condones Delay of 268 Days by 71 Year Old Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, while granting relief to a 71 year oldassessee, has held that the delay due to medical condition is a reasonable cause for the non filing...
![Delay due to Medical Condition is a Reasonable Cause: ITAT Condones Delay of 268 Days by 71 Year Old Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Medical-Condition-Reasonable-Cause-ITAT-Assessee-taxscan.jpeg "Delay due to Medical Condition is a Reasonable Cause: ITAT Condones Delay of 268 Days by 71 Year Old Assessee [Read Order]")
Income Tax Practitioner misled Assessee in making False Refund: ITAT deletes Penalty against Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench has deleted penalty under section 271(1)(c) of the Income Tax Act, 1961 against the assessee by holding that assessee cannot be penalized for...
![Income Tax Practitioner misled Assessee in making False Refund: ITAT deletes Penalty against Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-ITAT-Penalty-Assessee-Taxscan.jpg "Income Tax Practitioner misled Assessee in making False Refund: ITAT deletes Penalty against Assessee [Read Order]")
![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]")
![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]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the depreciation cannot be claimed on the factory building leased out to earn the rental income taxable as “Income from House...
![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]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that a right acquired through share warrants is a valuable right, can be treated as a capital asset for the purpose of the...
![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]")