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.
TDS on annual maintenance charges for maintenance of medical equipment
Trade payable duly explained hence addition u/s 68 unjustified
CIT(A) cannot change section under which AO made addition during assessment
Registration u/s 12AA not granted to trust existed for benefit of particular section of Hindu religion
TDS deductible on professional & technical services fees for developing of web enabled software
Written off of irrecoverable advances to company being in nature of business loss is allowable as deduction
Deduction u/s 80IA available as cost of imported power is charged before computing eligible deduction
Addition u/s 69 sustained as no evidence produced to prove source of cash deposit
Penalty order cannot be dismissed for settlement of Quantum addition under VSVS
Source of cash deposit not satisfactorily explained hence addition u/s 69 sustained
Subsequent use of land by purchaser not relevant to decide nature of land when it was sold
Cost of improvement allowed for purchase of AC, curtains, light fittings while computing capital gains
Invocation of section 263 justified if AO failed to enquire about non-deduction of TDS on CFS charges
Disallowance invoking section 40A(2)(b) unsustainable as hire charges paid not proved as unreasonable and excessive
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.
