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 Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/bad-debt.jpg "ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]")
ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 1 crore made under Section 69A of the Income Tax Act, 1961,...
![Rs. 54.70 Lacs Addition for Cash Deposits During Demonetization: ITAT Grants Another Opportunity with Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Demonetize.jpg "Rs. 54.70 Lacs Addition for Cash Deposits During Demonetization: ITAT Grants Another Opportunity with Cost [Read Order]")
![ITAT Deletes Rs. 29.82 Lakh Addition u/s 69A as Cash Deposits Duly Accounted in Books [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/SITE-IMG-19.jpg "ITAT Deletes Rs. 29.82 Lakh Addition u/s 69A as Cash Deposits Duly Accounted in Books [Read Order]")
![Assessee opts for Vivad-se-Vishwas Scheme 2024: ITAT dismisses appeal as Infructuous [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Assessee-opts-for-Vivad-se-Vishwas-Scheme-2024-Vivad-se-Vishwas-Scheme-2024-ITAT-ITAT-dismisses-appeal-appeal-as-infructuous-infructuous-taxscan.jpg "Assessee opts for Vivad-se-Vishwas Scheme 2024: ITAT dismisses appeal as Infructuous [Read Order]")
![Rejection of Form No.10AB for Incorrect Clause Selection: ITAT Orders CIT(E) to consider on Merits [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Rejection-Form-No.10AB-Incorrect-Clause-Selection-ITAT-Orders-CITE-taxscan.jpg "Rejection of Form No.10AB for Incorrect Clause Selection: ITAT Orders CIT(E) to consider on Merits [Read Order]")
Demonetization Cash Deposits: ITAT directs Fresh Assessment, Gives Assessee Opportunity to Submit Relevant Documents [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ) Chennai Bench has remanded the case of Ramesh Sreenivasalu for fresh assessment, directing the Assessing Officer (AO) to reconsider...
![Demonetization Cash Deposits: ITAT directs Fresh Assessment, Gives Assessee Opportunity to Submit Relevant Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Chennai-Assessment-Demonetization-Cash-Deposits-Demonetization-taxscan.jpg "Demonetization Cash Deposits: ITAT directs Fresh Assessment, Gives Assessee Opportunity to Submit Relevant Documents [Read Order]")
Additions for Cash Deposits and Advances u/s 69A: ITAT Deletes Addition Based on Recorded Sales [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT)deleted the addition made under Section 69A of Income Tax Act,1961 for cash deposits and advances, holding that the amounts were sourced from...
![Additions for Cash Deposits and Advances u/s 69A: ITAT Deletes Addition Based on Recorded Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Additions-for-Cash-Deposits-Cash-Deposits-Cash-Deposits-and-Advances-Section-69A-ITAT-ITAT-Deletes-Addition-Based-on-Recorded-Sales-Recorded-Sales-taxscan.jpg "Additions for Cash Deposits and Advances u/s 69A: ITAT Deletes Addition Based on Recorded Sales [Read Order]")
ITAT upholds TPO's Rejection of RRB Energy Ltd. as Comparable Citing Negative Margins & Functional Differences [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the decision of the Transfer Pricing Officer (TPO) to reject RRB Energy Ltd. as a comparable company in the transfer pricing...
![ITAT upholds TPOs Rejection of RRB Energy Ltd. as Comparable Citing Negative Margins & Functional Differences [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Chennai-RRB-Energy-Ltd-ITAT-Upholds-TPO-Taxscan-.jpg "ITAT upholds TPOs Rejection of RRB Energy Ltd. as Comparable Citing Negative Margins & Functional Differences [Read Order]")
Rs. 54.70 Lacs Addition for Cash Deposits During Demonetization: ITAT Grants Another Opportunity with Cost [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal(ITAT) granted another opportunity to the assessee to substantiate cash deposits of Rs. 54.70 Lakh made during the demonetization period, subject to...
![Rs. 54.70 Lacs Addition for Cash Deposits During Demonetization: ITAT Grants Another Opportunity with Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Demonetization-1.jpg "Rs. 54.70 Lacs Addition for Cash Deposits During Demonetization: ITAT Grants Another Opportunity with Cost [Read Order]")
ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer (AO) to reassess the appellant’s case, a dispute on capital gains taxation for the assessment year(AY)...
![ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Orders-Reassessment-Capital-Gains-Case-Capital-Gains-E-Notices-and-Deductions-E-Notices-Section-54-of-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]")
ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]
In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of ₹88 Lakhs in knitting charges under Section 40A(3) as cash payments exceeding the...
![ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-upholds-Disallowance-of-Knitting-Charges-Disallowance-Knitting-Charges-Under-Section-40A3-Set-Off-of-Carry-Forward-Losses-Carry-Forward-Losses-taxscan-1.jpg "ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]")
AO adds Unexplained Investment During Demonetization: ITAT Rules Addition Based on Suspicion Cannot Be Sustained [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) quashed the addition of Rs. 53.02 lakhs as unexplained investment under Section 69 of the Income Tax Act stating that the addition cannot be...
![AO adds Unexplained Investment During Demonetization: ITAT Rules Addition Based on Suspicion Cannot Be Sustained [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-Investment-Demonetization-ITAT-ITAT-Rules-ITAT-Rules-Addition-Suspicion-Cannot-Be-Sustained-AO-adds-Unexplained-Investment-taxscan.jpg "AO adds Unexplained Investment During Demonetization: ITAT Rules Addition Based on Suspicion Cannot Be Sustained [Read Order]")