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.
Properties purchased by individual in their name & from individual source of income cannot be treated as HUF property
Lease rentals allowed as revenue expenditure u/s 37(1) even in finance lease
Relinquishment of right in a property is capital gain
No liability to pay Service Tax Until receipt of Consideration
Lease Rental cannot be allowed on container shown in books as assets, depreciation allowed
Addition for difference in profit as per ITR & audit report valid if diff. not explained satisfactorily
Reassessment without speaking order against objections raised by assessee is invalid
Addition cannot be made for refund of Advances paid against property
Depreciation on 120 Computers cannot be denied by alleging personal use
Interest expenditure on abandoned project allowable as revenue expense
ITAT deletes estimated disallowance on adhoc basis of salary & EB charges
ITAT condones delay in appeal fling due to outbreak of COVID
No Section 40(a)(ia) disallowance if recipient included receipts in his return of income
Penalty Proceedings invalid if initiated on the basis of Defective Notice
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.
