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

Begin typing your search above and press return to search.

Home
»
ITAT Chennai

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

Toll Way Rights are Intangible Assets: ITAT allows 25% Depreciation [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the tollway charges, being an intangible asset, are eligible for 25%...

Penalty can’t be levied for Lack of Evidence supporting HRA Claim If Assessee admitted Fault: ITAT...

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...

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

Tribunal confirms Disallowance since Sham Transactions under the garb of Donation was used for Evasion [Read Order]

A division bench of the Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the Assessing Officer was rightly disallowed deduction claim since their involved sham transaction under the...

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

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of Section 50C of the Income Tax Act, 1961 cannot be applied when the property in question was sold under...

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

The Income Tax Appellate Tribunal (ITAT), Chennai has held that no penalty can be imposed for receiving advances from the promoters in cash through their respective current accounts. Assessee engaged...

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

The Income Tax Appellate Tribunal ( ITAT ), Chennai bench has held that mere execution of a Power of Attorney would not amount to transfer of property for determining the capital gain tax liability. ...

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...

Prev Page Next Page