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.
Internal family arrangement not relevant for Capital Gain computation
No revision possible invoking section 263 provisions on highly debate issue
Reopening cannot be done in a mechanical manner & on a mere change of opinion
Foreign exchange difference as on balance sheet date is allowable expense
Appellate authority shall decide appeal on merits despite absence of assesse
CIT Appeal cannot set aside the matter to the file of AO
Mere delay in materialisation of large real estate project cannot be treated as discontinuance of business
Loss from Investments in subsidiaries made in normal course of business to make business more profitable allowable
Depreciation not allowable on Portion of Factory leased to earn Rent
Adjustment of section 14A disallowance cannot be made while computing Section 115JB Book Profits
Reimbursement of Expenses cannot be treated as Income despite deduction of TDS
NO Section 154 rectification order can be passed after the expiry of 4 years from the date of order sought to be rectified
Forfeiture of convertible warrant results in Capital Loss for Income Tax
Claim of Assessee of Profit lower than 8% cannot be denied for mere non-submission of Tax Audit Report
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.
