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.
Exemption u/s 54 of Income Tax Act includes more than one residential house
Commission income not falls under presumptive taxation scheme
Addition for cash deposit During Demonetisation – ITAT allows assessee to substantiate source of cash deposit
Value of goods duly accepted by excise department cannot be re-valued by AO
Section 154- No legal or factual issue on merits can be argued or re-argued if issue is highly debatable
Maintenance charges from letting out services taxable as income from other sources
ITAT deletes penalty for delay in submission of Tax Audit as Assessee was unwell & his Accountant left without prior notice
649 days Delay due to Professional Commitments of Auditor cannot be condoned
Section 143(1) adjustment unsustainable – Rental Income treated as Business Income
No addition for undisclosed income if no incriminating material found during search
Interest on Loans utilized for Business allowable as Business Expenditure
Section 56(2)(vii) doesn’t apply to property received under will/ inheritance
Salary income earned by NRI for work performed abroad not taxable in India
Company can claim depreciation of cars registered in director’s name but used for business purpose
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.
