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
![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]")
ITAT accepts Lease Income as ‘Business Income’ as Business Investments were mostly in nature of Properties [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed the AO to accept the lease income as ‘Business income’ as business investments...
![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]](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...
Depreciation allowable on Machineries kept ready for Use: ITAT allows Relief since Non-Usage of Machineries due to reasons beyond the control of Assessee
The Income Tax Appellate Tribunal (ITAT), Chennai Bench while allowing the relief since non-usage of Machineries due to reasons beyond the control of assessee held that the depreciation allowable on...
![No TDS on Professional Fee paid to Offshore CA Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/TDS-Professional-Fee-CA-Firm-ITAT-Taxscan.jpeg "No TDS on Professional Fee paid to Offshore CA Firm: ITAT [Read Order]")
![Employees Contribution to PF/EPF paid beyond Due Date cannot be disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Employees-Contribution-PF-EPF-ITAT-Taxscan.jpg "Employees Contribution to PF/EPF paid beyond Due Date cannot be disallowed: ITAT [Read Order]")
Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that excess expenditure incurred by trust in earlier assessment year could be allowed to be set off against income of subsequent years. ...
![Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/expenditure-trust-assessment-year-income-of-subsequent-years-ITAT-Taxscan.jpg "Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]")