ITAT Chennai Judgments, Orders & News | Income Tax Appellate Tribunal

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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

Mere Entries in the Books of Accounts does not establish Genuineness of Expenditure: ITAT [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that mere entries in the books of accounts do not establish the genuineness of the...

Tribunal confirms Disallowance since Sham Transactions under the garb of Donation was used for...

Section 50C can’t be applied when Property Sold under Pressure: ITAT [Read Order]

Advance Received from Promoters in Cash through Current Accounts not violation of S. 269SS: ITAT...

Mere Execution of Power of Attorney Agent not amount to ‘Transfer’: ITAT [Read Order]

Dept can’t insist to produce Vouchers for Agricultural Produces traded in Local Markets: ITAT allows Expenses [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the income tax department cannot insist the assessee to produce vouchers for agricultural produces traded in the local markets. ...

Presumptive Interest Rate u/s 44D applicable to Partners Remuneration from Firm: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a partners’ remuneration from the Firm shall be subject to the application of presumptive interest rate under section 44AD...

Cross Examination should be conducted to Know Genuineness of Transaction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the Assessing Officer should allow the opportunity of cross-examination to the assessee to check whether the share transaction is...

Film Production Unit eligible for Income Tax Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Chennai has held that a film production unit is eligible for income tax deduction under section 80IB of the Income Tax Act, 1961. The Assessing Officer...

Coparcener can’t be Taxed for Capital Gain from Property purchased in his Name out of Income of HUF: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that an individual coparcener who is shown as owner in the sale deed cannot be taxed for Property belong to the Hindu Undivided Family...

Document already available with AO not an ‘Incriminating Material’: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Chennai has held that a document which is already in available to the Assessing Officer is not an ‘incriminating material’ for the purpose of assessment...

Transfer of Registration of Vehicle in Assessees’ Name not mandatory for allowing Depreciation: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai has held that the transfer of registration in the name of the assessee is not a necessary condition for allowing the claim of depreciation under...

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