ITAT Chennai held that liability to deduct Tax Deduction at Source [TDS] arise only on the amount of actual payment and not on the provision made. Accordingly, TDS liability reduced to that extent and appeal partly allowed.
ITAT Chennai rules agricultural land beyond urban limits is exempt from capital gains tax, irrespective of actual cultivation, citing Section 2(14).
Chennai Income Tax Appellate Tribunal clarifies that designated funds and life membership fees for charitable societies are capital receipts, not taxable income.
ITAT Chennai upholds disallowances for Devcare Solutions: Cash payments exceeding limit disallowed u/s 40A(3), technical fees disallowed for lack of proof.
ITAT Chennai imposes ₹10,000 cost on taxpayer for non-appearance, remands appeal on gold sale and gift additions to CIT(A) for fresh hearing.
Chennai ITAT remands Syed Hussain Syed Asif’s case on Section 54F exemption denial, allowing assessee to submit documents for fresh assessment.
ITAT directs tax authorities to grant TDS credit on the sale of exempt agricultural land, ruling denial based on non-disclosure in ITR is incorrect.
Chennai ITAT upholds deletion of additions for undisclosed profit, expenses, and stock in textile firm’s AY 2018-19 assessment following survey.
ITAT Chennai deletes ₹14.84 lakh cash deposit addition for NBFC, citing duly recorded books; restores 80G claim to AO for re-examination.
ITAT Chennai restricts income addition to 25% of unexplained cash deposit, as assessee failed to establish source of funds during demonetization.
