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.
Addition for Unexplained Jewellery – ITAT grants relief considering Status & Traditional Practices
ITAT restricts section 54 deduction to one floor of residential house
Section 54F exemption cannot be denied for subsequent execution of sale deed
Reassessment unsustainable if full & true material disclosure during original assessment
No deduction u/s 10AA if assessee failed to file Tax Audit Report: ITAT
No addition for duly explained Cash Deposits during Demonetization
Mere Presence of coconut trees on land not prove carrying out of agricultural operations
Penalty u/s 270A deleted as quantum of addition not finalized
Benefit u/s 54F not deniable for non-registration of agreement to sale
Royally paid for exclusive right to obtain technical & engineering instruction know how to manufacture is Capital Expenditure
Penalty not leviable if there is reasonable cause for failure to get accounts audited
Penalty u/s 271D sustainable for contravention of provisions of section 269SS
Donations by conversion of loans into donations allowable as deduction u/s 80G
Profit/ loss on sale of land held as stock-in-trade is assessable under Income from business or profession
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.
