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.
Assessee cannot be taxed for sale of property by director by misusing his position
Section 56(2)(viib) cannot be invoked to tax share premium for AY prior to AY 2013-14
ITAT condones delay in filing of Audit Report due to Virus Attack
Expenditure for setting-up of business allowable as deduction despite absence of business income
Addition for Cash Gift valid on failure of Assessee to substantiate cash gift
In absence of fresh tangible material Reassessment proceedings liable to be quashed
Advance for Business Transactions Cannot be Treated as Deemed Dividend
ITAT allows 100% depreciation on temporary Office structure
No addition for Cash Deposit during Demonetization out of Cash generated from Rent
Loss on restatement of loan obtained for purchase of indigenous assets is capital loss
Short-payment against invoices allowable as business loss even if not mapped against particular invoices
ITAT allows deduction for Cash Payments via deposit in suppliers bank account
PCIT cannot initiate penalty proceedings if no findings in assessment order on under or misreporting of income
Expense on Let out Property not allowable as Business Expense if income offered under House Property
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.
