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.
Cash assistance can not be treated as capital asset – ITAT Chennai
Salary paid to lady partner as per income tax act provisions is allowable even if she is absent at that time of survey
More profit from related than unrelated parties does not itself make it ‘more than ordinary’
Payment made for supply of software is not ‘royalty’ since it is copyrighted software and not copyright in the software
Income arising from activities which are only incidental to the business of developing, operating and maintaining infrastructure facility will not qualify for deduction under s. 80IA
DCIT Vs M/s Aban Offshore Ltd (ITAT Chennai)
Transfer Pricing – Comparable transaction prices obtained from customs authorities can be used for Arm’s Length Pricing
Tonnage tax scheme in respect of a qualifying ship cannot be denied merely because it is used for transportation of cargo between Indian ports which are connected by rail / road
Running schools by collecting huge amounts of fees with five star facilities cannot be treated as a charitable activity only on the ground that the business carried on by such institutions is the business of education
Transfer Pricing – TPO should provide reasons for rejecting the Most Appropriate Method [MAM] used by the assessee before adopting a different MAM
No addition can be made u/s 41(1)(a) for the interest liability converted into the share capital as there is no cessation of liability
Provisions of section 194C will not apply in a case where the invoices clearly show that sales tax and excise duty were collected on the supply of materials by the vendors
No disallowance can be made u/s. 14A if assessee has no tax-free income
Proceedings u/s 263 by CIT not valid, if initiated on the basis of points decided by AO by following the decision of the ITAT and HC in the case of the assessee itself
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.
