![Setback to Titan as ITAT confirms Legality of Reopening Assessment u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Income-Tax-Income-Tax-Appellate-Tribunal-Reopening-Assessment-TAXSCAN.jpg "Setback to Titan as ITAT confirms Legality of Reopening Assessment u/s 147 [Read Order]")
Setback to Titan as ITAT confirms Legality of Reopening Assessment u/s 147 [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) delivered a setback to Titan and upheld the legality of reopening the assessment...
![Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Chennai-solid-waste-management-TAXSCAN.jpg "Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]")
![ITAT directs Deletion of Rs.54L Income Tax Penalty u/s 274 r/w 270A observing No Specific Mention of Clause Invoked u/s270A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Chennai-income-tax-income-tax-news-Taxscan.jpg "ITAT directs Deletion of Rs.54L Income Tax Penalty u/s 274 r/w 270A observing No Specific Mention of Clause Invoked u/s270A [Read Order]")
![ITAT Reduces Penalty to Rs 10,000 for Non-Response to Notices, Citing Assessees Depression and Business Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chennai-Income-Tax-Appellate-Tribunal-ITAT-Penaty-Reduction-case-taxscan.jpg "ITAT Reduces Penalty to Rs 10,000 for Non-Response to Notices, Citing Assessees Depression and Business Loss [Read Order]")
ITAT sets aside CIT(A) Order for Violating Natural Justice, Directs Fresh Adjudication u/s 250(6) [Read Order]
Chennai Bench of the Income Tax Appellate Tribunal (ITAT) set aside the order passed by the Commissioner of Income Tax (Appeals) for the assessment years 2018-19 to 2020-21, noting that the...
![ITAT sets aside CIT(A) Order for Violating Natural Justice, Directs Fresh Adjudication u/s 250(6) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Chennai-ITAT-Sets-Aside-CITA-Order-for-Violating-Violating-Natural-Justice-natural-justice-taxscan.jpg "ITAT sets aside CIT(A) Order for Violating Natural Justice, Directs Fresh Adjudication u/s 250(6) [Read Order]")
Belated Filing of Form 67 not a Ground to Deny Tax Credit: ITAT directs CIT(A) to allow FTC [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai Bench, ruled that the belated filing of Form 67 cannot serve as a valid ground for denying Foreign Tax Credit (FTC) to a taxpayer. The order was...
![Belated Filing of Form 67 not a Ground to Deny Tax Credit: ITAT directs CIT(A) to allow FTC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Form-67.jpg "Belated Filing of Form 67 not a Ground to Deny Tax Credit: ITAT directs CIT(A) to allow FTC [Read Order]")
ITAT upholds Rejection of Tax Exemption, Citing Non-Compliance with Charitable Purpose Criteria [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the rejection of Tax exemption by Commissioner of Income Tax (Exemption),citing non-compliance with charitable trust criteria as the...
![ITAT upholds Rejection of Tax Exemption, Citing Non-Compliance with Charitable Purpose Criteria [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chennai-Tax-Exemption-Citing-Non-Compliance-with-Charitable-Purpose-Non-Compliance-taxscan.jpg "ITAT upholds Rejection of Tax Exemption, Citing Non-Compliance with Charitable Purpose Criteria [Read Order]")
Circular Transactions proven by Father’s Bank Statement: ITAT upholds Peak Credit Assessment by CIT(A) [Read Order]
Recently, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the peak credit assessed by the Commissioner of Income Tax (Appeals) [CIT(A)], owing to the circular transactions....
![Circular Transactions proven by Father’s Bank Statement: ITAT upholds Peak Credit Assessment by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chennai-ITAT-upholds-Peak-Credit-Assessment-Peak-Credit-Assessment-Assessment-CITA-taxscan.jpg "Circular Transactions proven by Father’s Bank Statement: ITAT upholds Peak Credit Assessment by CIT(A) [Read Order]")
ITAT Restores Case to AO for Fresh Assessment on Carry Forward of Losses and Unabsorbed Depreciation, Citing Incomplete Evaluation of Merger Impact [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) restores the case to the Assessing Officer ( AO ) for fresh assessment on the carry forward of losses and unabsorbed depreciation, citing...
![ITAT Restores Case to AO for Fresh Assessment on Carry Forward of Losses and Unabsorbed Depreciation, Citing Incomplete Evaluation of Merger Impact [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Tax-Assessment-Carry-Forward-of-Losses-taxscan.jpg "ITAT Restores Case to AO for Fresh Assessment on Carry Forward of Losses and Unabsorbed Depreciation, Citing Incomplete Evaluation of Merger Impact [Read Order]")