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.
Nature and source of credit being linked to business it cannot be assessed under deeming section 68
Disallowance restricted to 0.5% of guarantee value in corporate guarantee to AE
Services by non-resident agent for completion of export commitment doesn’t fall under Fee for Technical Services
Provision of section 115BBE doesn’t apply as source of cash deposit explained
ITAT Directs AO to Accept 50% Demonetized Currency as Sale Proceeds
Addition u/s 69A unjustified as evidences explaining nature & source of cash deposits filed
Income from listed shares & securities treated as stock-in-trade taxable as business income
Purchase of own shares comes within the ambit of dividend u/s 2(22) of Income Tax Act
Addition u/s. 69C unsustainable as nature of expenditure & source explained
Acquiring jurisdiction u/s 153C without satisfaction note is unsustainable in law
Business Receipts Not Unaccounted Money, ITAT Orders Recomputation
Addition merely based on presumptions and assumptions is unsustainable
Non-Corpus Donations to Section 12A registered Charitable Trusts with Similar Objectives allowed
Investment allowance u/s 32AC not allowable when depreciation already claimed on new asset
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.
