ITAT Chennai in ACIT vs ETA Star Property Developers Limited case, ruled against disallowance under Section 14A in absence of earned exempt income
ITAT Chennai ruling on consequential and mandatory nature of interest under sections 234A to 234D in case of Iljin Automotive Pvt Ltd vs DCIT
ITAT Chennai in Bank of India vs ACIT case decides on applicability of TDS late fees under section 234E before June 2015,
In Deepak T. Dhanwani vs ITO, where ITAT Chennai waived penalty for delayed tax audit report due to accountant’s unavailability,
ITAT Chennai ruling in Gunaseelan Janaki Radha Vs ITO, dictating credit entries in current and savings accounts to be treated as gross receipts from business transactions, with an applicable profit rate of 8%
ITAT Chennai’s upholds entitlement of assessee to interest on tax refund under Section 244A, emphasizing principles of fairness and equity
ITAT Chennai quashed a penalty on cash payment of defaulted EMI, arguing that case presented a ‘reasonable cause’ under Section 273B.
ITAT Chennai held that as per the provisions of Sec.199(3) of the Act r.w.r.37BA(1) of the Income Tax Rules, 1962, credit for TDS shall be given for assessment year for which such income is assessable.
ITAT Chennai held that reopening of assessment in absence of any failure on the part of the assessee to disclose material facts necessary for the assessment and without any new tangible material is untenable in law.
ITAT Chennai held that rejection of books of accounts justified as transactions recorded in the books of accounts are not properly vouched or supported by proper documents. Further, expenses and related vouchers were also not found in accordance with books of accounts.
