![Details Furnished by Assessee not Considered by AO: ITAT remands Addition of Rs.117.01 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Appeals-Income-Tax-taxscan.jpg "Details Furnished by Assessee not Considered by AO: ITAT remands Addition of Rs.117.01 Lakhs [Read Order]")
Details Furnished by Assessee not Considered by AO: ITAT remands Addition of Rs.117.01 Lakhs [Read Order]
In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal remanded the case of an addition of ₹117 Lakhs back to the commissioner of...
![CA Managing Income Tax Matters for 40 Years Becomes Bedridden: ITAT Condones 64-Day Delay in Filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Filing-Appeal-Income-Tax-Appellate-Tribunal-ITAT-Condones-CA-Managing-Delay-in-Appeal-taxscan.jpg "CA Managing Income Tax Matters for 40 Years Becomes Bedridden: ITAT Condones 64-Day Delay in Filing Appeal [Read Order]")
![ITAT upholds CIT(A) Decision, Dismissing Additions for AY 2015-16 Due to Lack of Evidentiary Value in Excel Sheet [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Additions-Excel-Sheet-taxscan.jpg "ITAT upholds CIT(A) Decision, Dismissing Additions for AY 2015-16 Due to Lack of Evidentiary Value in Excel Sheet [Read Order]")
![Will Executed on Plain Paper Admissible as Income Proof: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Appeals-ITAT-Pune-Income-Tax-Appellate-Tribunal-Tax-Notices-TAXSCAN.jpeg "Will Executed on Plain Paper Admissible as Income Proof: ITAT [Read Order]")
![Sufficient Documentary Evidence: ITAT directs AO to treat Income as Agricultural and not from Other Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Chennai-Income-Tax-Appellate-Tribunal-AO-Assessing-Officer-Agricultural-Income-Sufficient-Documentary-Evidence-treat-Income-as-Agricultural-ITAT-Directs-TAXSCAN.jpg "Sufficient Documentary Evidence: ITAT directs AO to treat Income as Agricultural and not from Other Sources [Read Order]")
Bonus paid as CTC to Employees cannot be Disallowed u/s 43B of Income Tax Act: ITAT grants Relief to Renault [Read Order]
In a ruling that grants relief to Renault Nisan Automotive, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that bonuses paid as CTC of employees cannot be disallowed under...
![Bonus paid as CTC to Employees cannot be Disallowed u/s 43B of Income Tax Act: ITAT grants Relief to Renault [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Bonus-CTC-Employees-Disallowed-Income-Tax-Act-ITAT-Relief-Renault-taxscan.jpg "Bonus paid as CTC to Employees cannot be Disallowed u/s 43B of Income Tax Act: ITAT grants Relief to Renault [Read Order]")
Interest Paid on Borrowings to Acquire Property deductible from Sale Consideration: ITAT directs to Re-Compute Capital Gain [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has directed that interest paid on borrowings to acquire property should be deductible from the sale consideration, ordering the...
![Interest Paid on Borrowings to Acquire Property deductible from Sale Consideration: ITAT directs to Re-Compute Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Appellate-Tribunal-ITAT-ITAT-chennai-Capital-Gain-Long-Term-Capital-Gains-taxscan.jpg "Interest Paid on Borrowings to Acquire Property deductible from Sale Consideration: ITAT directs to Re-Compute Capital Gain [Read Order]")
![Income Tax Deduction cannot be denied due to wrong classification in ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Deduction-denied-due-wrong-classification-ITR-ITAT-taxscan.jpg "Income Tax Deduction cannot be denied due to wrong classification in ITR: ITAT [Read Order]")
CBDT Extends Time Limit for Form 10AB filing to 30.06.2024: ITAT sets aside CIT (E) order Canceling Trust Registration u/s 12 AB [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax ( Exemption) [CIT(E)] order canceling the trust's registration under Section 12AB, following the...
![CBDT Extends Time Limit for Form 10AB filing to 30.06.2024: ITAT sets aside CIT (E) order Canceling Trust Registration u/s 12 AB [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/CBDT-Extends-Time-Limit-for-Form-chennai-bench-of-ITAT-canceling-the-trusts-registration-under-Section-12AB-ITAT-Sets-Aside-CIT-E-order-taxscan.jpg "CBDT Extends Time Limit for Form 10AB filing to 30.06.2024: ITAT sets aside CIT (E) order Canceling Trust Registration u/s 12 AB [Read Order]")
Incorrect Amount of Expenses in Form 3CD due to Typographical Error, No Income Tax Addition:Â ITAT [Read Order]
The Chennai Income Tax Appellate Tribunal (ITAT) explained that a typographical error in mentioning the incorrect amount of expenses in Form 3CD does not call for any addition by the Assessing...
![Incorrect Amount of Expenses in Form 3CD due to Typographical Error, No Income Tax Addition:Â ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Incorrect-Amount-of-Expenses-in-Form-3CD-Typographical-Error-Income-Tax-Addition-ITAT-TAXSCAN.jpg "Incorrect Amount of Expenses in Form 3CD due to Typographical Error, No Income Tax Addition:Â ITAT [Read Order]")
Form No. 10AB Timeline Extension for S.12A Recognition is Deemed Extension for Approval Renewal u/s 80G (iii) First Provison of Income Tax Act: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) noted that the extension timeline provided in Form No. 10AB for Section 12A recognition was deemed to be an extension for the approval...
![Form No. 10AB Timeline Extension for S.12A Recognition is Deemed Extension for Approval Renewal u/s 80G (iii) First Provison of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Form-No.-10AB-Timeline-Extension-S.12A-Recognition-Deemed-Extension-Approval-Renewal-First-Provison-Income-Tax-ITAT-taxscan.jpg "Form No. 10AB Timeline Extension for S.12A Recognition is Deemed Extension for Approval Renewal u/s 80G (iii) First Provison of Income Tax Act: ITAT [Read Order]")