Courts: ITAT Chennai
Find latest ITAT Chennai judgments, orders and case laws on income tax covering assessments, deductions, transfer pricing, capital gains, TDS, reassessment and penalties.
Computation of interest U/s. 234B when Assessment order was subjected to revision U/s. 263
Assessee is expected to explain source for acquisition of jewellery
Two different floors of one house property cannot be treated as two different residential houses
Penalty U/s. 271(1)(c) leviable on Income disclosed in return filed pursuant to notice U/s. 153A without proper explanation
Exemption to State Cricket Association cannot be denied for providing stadium to conduct matches
Deduction U/s. 54 allowable on sale consideration invested one year before sale of property
Section 61: In case of revocable trust, its income needs to be taxed in hands of beneficiaries
Confirmation letter by creditor establishes only identity & not creditworthiness & genuineness
ITAT Judgment on year of taxability in case of JDA
Assessee allowed Deduction U/s. 54 depsite non completion of construction within 3 years
Power to rectify a mistake U/s. 254(2) cannot be used to recall entire order
Section 80-IB(10) If Authority excluded open terrace from working of built-up area than revenue cannot review the same
Brand usage – not an international transaction
ITAT on TP adjustment on account of Compensation for deemed brand development
ITAT Chennai judgments and orders address a wide range of income-tax disputes involving individuals, businesses and corporate taxpayers. This TaxGuru page compiles ITAT Chennai case laws relating to assessments, deductions, exemptions, business income, capital gains, transfer pricing, international taxation, TDS, reassessment, unexplained income, penalties and procedural matters. Chartered Accountants, advocates, taxpayers and tax professionals can use the collection to research Tribunal precedents and follow developments in income-tax jurisprudence. The page includes recent as well as significant earlier ITAT Chennai decisions published on TaxGuru for convenient direct tax research.
