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 directs AO to consider Additional Evidence not produced earlier by Legal Heir due to unawareness
Bought note purchase vis-à-vis applicability of section 40A(3)
Belated ITR filing due to technical issues – Carry-forward of losses allowed
Cash system of accounting- TDS credit allowable in year in which Receipts Are Offered to Tax
Section 68 additions merely for minimum income declared by parties not sustainable
Freebies to Doctors- CBDT circular not applies to gift to traders & distributors
ITAT disallows foreign travel expenses with no direct nexus with business
Section 271B penalty deleted for delay in Tax Audit Due to Ongoing Assessment under other Laws
No deferred revenue expenditure claim allowable unless specifically provided
Depreciation eligible on goodwill arisen pursuant to business acquisition
Remission/cessation of liability by BIFR cannot be taxed under Income Tax Act
Undisclosed income addition by extrapolation of documents is unsustainable
Addition u/s 40A(3) unsustainable in absence of incriminating material
Deduction available u/s 10B towards profits of eligible units without setting off of b/f unabsorbed depreciation/ business loss
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.
