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.
ITAT deletes penalty on excess depreciation claimed due to Mistakes at CA Office
Review of order, on same set of facts & material, is impermissible
Salary accrued for work performed outside India is not taxable in India
Department cannot take advantage of ignorance of assessee in claiming deduction
ITAT directs CIT(A) to decide appeal on merits observing principle of natural justice
Agreed estimated additions do not call for levy of penalty
Assessing Officer has no power to review & has power to re-assess
Revisional Order not valid if no finding by PCIT that order of AO is erroneous or prejudicial to interest of revenue
Section 194C(6) & (7) cannot be read together to attract section 40(a)(ia) disallowance
Tribunal held to re-consider Warranty Claim by MRF Tyres in terms of Supreme Court decision
ATM Machines Eligible for Depreciation rate of Computer Software
Expense on routine replacement of spare parts is Revenue Expenditure
Section 54F Exemption allowable if Property is of Commercial Nature
Conversion of proprietary concern into a Pvt. Ltd. Company – No Capital Gains on Transfer of Goodwill acquired by incurring cost
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.
