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.
Loan securitization income can be considered as interest income and hence eligible for deduction under section 36(1)(viii)
Whether disallowance can be made u/s 14A for the interest on borrowed fund even if it is explained that the funds utilised for investments are not borrowed funds?
Failure of AO to consider book profit provisions renders assessment erroneous
Technical proprietary information and pre-qualification rights obtained by assessee cannot be treated as goodwill and assessee is entitled to depreciation on these two items of intangible assets
Payment to US companies for ‘developing tooling’ and ‘validating new process for manufacture’ of wheels is taxable as fees for included services
Trust entitled to depreciation on assets, even if cost of such assets allowed as deduction u/s. 11
Registration as ITP not necessary to appear before revenue
Payments to overseas telecommunication service providers towards provision of International Private Leased Circuit/ dedicated bandwidth to be taxable as Royalty
Money advanced to shareholder for specific purpose cannot be treated as deemed dividend under section 2(22)(e)
Taxes withheld by determining the income of non-resident under special regime (section 44BB) without approaching the tax officer will not lead to violation of withholding tax provisions
Taxes withheld by applying the provisions of section 44BB on payments to nonresident oilfield service provider not lead to breach of withholding tax provisions
No requirement to approach Tax Officer for nil withholding certificate u/s. 195(2) where non-resident is not liable to tax
Deduction u/s.10B cannot be disallowed on ground of excess profits when the international transactions are held to be at arm’s length
Export Turnover under section 10B and non excludability of Expenses incurred in foreign currency on onsite computer software development at the client
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.
