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.
Mushrooms grown under controlled conditions constitutes ‘Agricultural Activity’, exemption from tax
No Addition for deposits in NRE Account by NRI from his foreign income
Revisional power u/s 263 of Income Tax Act not exercisable in case of inadequate enquiry
Provisions of section 54F are beneficial provisions and are to be considered liberally
Invocation of jurisdiction u/s 263 on same subject which was duly verified in reassessment proceeding unjustified
Depreciation @15% is allowable on Robotix kits and not @60%
Amount paid by company on behalf of shareholder re-paid back in short period not a deemed dividend
AO doesn’t have power to change method of share price determination from DCF to NAV
Addition to be made for unexplained cash found during search proceedings
Sale of property held with commercial intent taxable as business income, Section 50C inapplicable
Section 54F exemption available towards purchase of undivided share of land
Benefit of deduction u/s 80IB(10) available on profit on transfer of flat to partners
Revision order u/s 263 rightly passed as AO failed to examine cash deposited during demonetization
No section 271B penalty for mere venial technical breach of delay in filing tax audit report
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.
