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.
No Addition for ‘Deemed Dividend’ if payment to person holding substantial interest not established
Reopening of assessment based on mechanically received approval is bad in law
Condonation of delay not granted on the basis of vague reasons
TDS deductible by co-operative banks on interest on time deposits only from 01.06.2015
Gain on Property owned by co-owner – ITAT directs CIT(A) to decide appeals simultaneously
Section 68 Addition by ignoring all evidences filed by assessee is unsustainable
Order, prejudicial to the interest of revenue, set aside invoking jurisdiction u/s 263
Loss in value of Investment in another company cannot be claimed as deduction u/s. 37(1)
Section 56(2)(vii) cannot be invoked if no difference between agreement & Stamp Duty Value
Co-operative society eligible for section 80P(2)(a)(i) deduction
Deduction u/s 80IB(10) includes commercial establishments/ shops also
No section 54 deduction on Property purchased in the name of married daughter
Disallowance u/s 40(a)(i) justified if assessee failed to deduct TDS
Addition u/s 69A sustainable in absence of adequate evidence
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.
