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
Relief to NLC: Simpliciter Interest received for delay in payment can’t be considered as Income generated from Business Operations, eligible for Deduction, says ITAT
The Income Tax Appellate Tribunal (ITAT), Chennai Bench held that simpliciter interest received for delay in payment cannot be considered as income...
![Input Service Tax Credit is deductible u/s.37(1) when such Input Tax Credit is written off in Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Input-Service-Tax-Credit-Input-Tax-Credit-Books-of-Accounts-ITAT-taxscan-1.jpeg "Input Service Tax Credit is deductible u/s.37(1) when such Input Tax Credit is written off in Books of Accounts: ITAT [Read Order]")
![Income Tax Dept to Re-do Assessment against Actor Dulquer Salmann [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Dulquer-Salmann-ITAT-Taxscan.jpg "Income Tax Dept to Re-do Assessment against Actor Dulquer Salmann [Read Order]")
![ATM is Computer: ITAT allows 60% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/06/ATM-RBI-Taxscan.jpg "ATM is Computer: ITAT allows 60% Depreciation [Read Order]")
Land Owner cannot be Taxed for difference amount contained in Form 26AS and Profit and Loss Account: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has recently held that in pursuance of a joint development business, the landowner cannot be subject to income tax for the difference amount...
![Land Owner cannot be Taxed for difference amount contained in Form 26AS and Profit and Loss Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Form-26AS-ITAT-Taxscan.jpg "Land Owner cannot be Taxed for difference amount contained in Form 26AS and Profit and Loss Account: ITAT [Read Order]")
Remuneration Paid to Partners can’t be disallowed for want of Registration of Firm: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Remuneration paid to the partners cannot be disallowed for want of Registration of Firm. The assessee, M/s. Tulip Valves...
![Remuneration Paid to Partners can’t be disallowed for want of Registration of Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/CA-Firm-Remuneration-Taxscan.jpg "Remuneration Paid to Partners can’t be disallowed for want of Registration of Firm: ITAT [Read Order]")
![Toll Way Rights are Intangible Assets: ITAT allows 25% Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Network-Rights-Depreciation-Taxscan.jpg "Toll Way Rights are Intangible Assets: ITAT allows 25% Depreciation [Read Order]")
Penalty can’t be levied for Lack of Evidence supporting HRA Claim If Assessee admitted Fault: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a penalty order under section 271(1)(c) of the Income Tax Act by holding that the same cannot be imposed for want of evidence...
![Penalty can’t be levied for Lack of Evidence supporting HRA Claim If Assessee admitted Fault: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/HRA-Exemption-Taxscan.jpg "Penalty can’t be levied for Lack of Evidence supporting HRA Claim If Assessee admitted Fault: ITAT [Read Order]")
![Cancer Treatment is a ‘Reasonable Cause’ to Condone Delay: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/07/Cancer-Treatment-ITAT-Taxscan.jpg "Cancer Treatment is a ‘Reasonable Cause’ to Condone Delay: ITAT [Read Order]")
Capital Gain Exemption not allowable merely on basis of Agreement without Payment Evidence: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the exemption under Section 54F of the Income Tax Act, 1961 has held that the exemption is allowable merely...
![Capital Gain Exemption not allowable merely on basis of Agreement without Payment Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "Capital Gain Exemption not allowable merely on basis of Agreement without Payment Evidence: ITAT [Read Order]")