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.
Bogus purchases Addition justified if based on evidences instead of sworn statements
Facts already disclosed in return cannot constitute incriminating material found during search
No section 68 addition for unsecured loans if assessee proves genuineness
Best judgment assessment – Arbitrary adoption of percentage not admissible
Depreciation allowable on Machinery ready but could not be put to use
Allowability of membership fee paid to MCX Exchange Ltd.
Section 80IC deduction allowable when existing plant & machinery not exceeds 20%
Section 158BC Assessment order r.w.s 143(3)/254 barred by section 153(2A) limitation liable to be Quashed
TDS not deductible on Fee to Offshore CA Firm having no PE in India for return filing services
ITAT allows Employee’s Contribution to PF/EPF paid after Due Date
ITAT directs AO to follow rule of Consistency while disallowing expenses
No wealth Tax on Urban Land after construction of Building by Charitable Trust on the same
Revenue expense with no enduring benefit allowable in the year of incurrence
AO cannot treat LTCG as Bogus merely on SEBI investigation 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.
