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ITAT Chennai

Lack of reasonable cause for delay of 1161 days: ITAT dismisses Appeal

December 10, 2023 759 Views 0 comment Print

Explore the ITAT Chennai order on Raghupathy Dhakshayani Vs ITO appeal, assessing the delay, reasonable cause arguments, and the final dismissal decision.

ITAT upholds deletion of section 40A(3) Addition for bonus payments

December 1, 2023 2484 Views 0 comment Print

Explore the JCIT vs S.V. Balasubramani HUF case at ITAT Chennai. Learn why bonus payment disallowance under section 40A(3) of the Income Tax Act was challenged and the outcome of the appeal.

Applicability of Article 8 of India-Singapore DTAA concerning Vessel Handling Charges

December 1, 2023 1032 Views 0 comment Print

Explore the Bengal Tiger Line vs. DCIT case: ITAT Chennai rules in favor of the assessee, allowing benefits under India-Singapore DTAA for Vessel Handling Charges.

ITAT Directs Reconsideration of Section 234A, 234B & 234C Interest by CIT(A)

November 30, 2023 3435 Views 0 comment Print

ITAT directs CIT(A) to reconsider issue of Section 234A, 234B and 234C interest after considering the outcome of petition filed by the appellant u/s. 119(20)(b)/119(2)(c) of Income Tax Act before the Chairman, CBDT

No Sales Suppression Addition Solely Based on Abstract Textile Data

November 30, 2023 558 Views 0 comment Print

Explore the ITAT Chennai ruling on DCIT Vs Arumuga Cottspin Pvt. Ltd. for AY 2015-16. Analysis of interest disallowance, sales suppression, and unexplained cash credits

ITAT upholds additions which were based on sworn statements & reconciliation statements 

November 29, 2023 813 Views 0 comment Print

Explore the ITAT Chennai’s order in the case of Tulsian Refinery Pvt. Limited vs. DCIT for AY 2016-17 & 2017-18. Discover how the deletion of additions related to bogus interest expenditure was determined through sworn statements and reconciliation statements, and the impact of Hon’ble ITSC’s findings on KRPL. Read the full text of the order and gain insights into the assessment and appellate proceedings.

ITAT Directs Re-adjudication for Belated Return Without Form No.10B

November 26, 2023 3009 Views 0 comment Print

Explore the ITO vs. Papathiyammal Pitchai Educational Trust case at ITAT Chennai, where a dispute over the denial of Section 11 deduction unfolds for AY 2020-21.

ITAT Upholds disallowance of registration fees/ stamp duty for non-submission of evidence

November 26, 2023 819 Views 0 comment Print

ITAT Chennai upholds disallowance of registration fees and stamp duty for non-submission of evidence in case of Padmanabhan Mohan vs ITO.

Addition u/s 69B merely based on statement without corroborative evidence unsustainable

November 23, 2023 1980 Views 0 comment Print

ITAT Chennai held that addition towards unexplained investment u/s. 69B of the Income Tax Act unsustainable as based merely on the basis of statement of Director of the Vendor Company without any additional corroborative evidence.

Transfer Completes When Owner’s Rights Are Extinguished in Property

November 22, 2023 5142 Views 0 comment Print

Explore the ITAT Chennai order on Rajamanikam Meerabai Vs ITO. Detailed analysis of the capital gain dispute, assessment details, and legal arguments. Verdict insights.

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