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.
Addition Sustained Due to Unexplained Cash Shortage but Deleted for Proven Advances
Section 68 Addition Deleted Due to Explained Business Receipts in Books of Accounts
Cash Deposits Not Unexplained Due to Proven Sale Consideration: ITAT Deletes Addition
Section 69A Addition Deleted Due to Double Taxation of Recorded Sales
Fresh Claim of Section 54F Cannot Be Rejected Mechanically – ITAT Remands for Reconsideration
Entire Bank Deposits Can’t Be Taxed U/s 69A – Only Reasonable Commission Income Taxable
Reassessment Beyond 3 Years Invalid if Escaped Income Below ₹50 Lakh: ITAT Chennai
Redeployment of Withdrawn Cash Cannot Trigger Section 68 Addition: Source Proven
Demonetisation Cash Sales Accepted: No U/s 68 Addition Without Proof of Bogus Sales
Vague Penalty Notice Invalid: ITAT Deletes 200% Penalty Under Section 270A
Reassessment Quashed as Notice Beyond 3 Years Approved by Wrong Authority
8% Profit Estimate Cut to 3%: AO Ignored Books & Industry Reality
Huge Delay Without Proof Rejected: Liberal View Has Limits
Delay Condoned for FTC Claim: Pursuing Rectification is Valid Cause
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.
