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.
Loss by writing off inventory disallowed in absence of necessary evidence
ITAT deletes addition for loan taken as Assessee duly proved source & identity
Deduction u/s 54 is eligible in respect of more than one property
Lack of specific discussion on issue in assessment order not means lack of enquiries
TDS Credit eligible if Assessee offered income relating to said TDS
No prohibition under SBN Ordinance, 2016, to deal with Specified Bank Notes up to 31.12.2016
Expenditure to make lease premises workable/ functional is revenue in nature
Higher depreciation @60% allowable to UPS and printers
Exemption u/s 2(14) not deniable reasoning that land was sold to company not carrying agricultural operation
Interest Paid on Belated Service Tax Payments is Allowable under section 37(1)
Jewellery holding up to permissible limits prescribed in CBDT circular is allowable
Disallowance u/s 40A(3) for non-production of bills- ITAT restricts Addition at 10% of such Purchases
Date of allotment is to be considered for computing period of holding
Capital gain not assessable on land being an agricultural land
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.
