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The Assessee cannot claim that she was ignorant of law and because of her ignorance, she could not file appeal against the order of the PCIT.
Preeti Madhok Vs The Income Tax Officer
(2022) TaxCorp(LJ) 29565 (ITAT-CHENNAI)
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It could not be said that the business was not set-up since the assessee had procured the land and partially constructed building during the year which was a vital step to commence the business activities for assessee.
RBL Hotels Private Limited Vs ACIT
(2022) TaxCorp(LJ) 29520 (ITAT-CHENNAI)
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Sufficient cause under the Limitations Act should be construed liberally to advance substantial justice.
Inscribe Graphics Ltd. Vs The Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 29507 (ITAT-CHENNAI)
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If funds kept in fixed deposits is having inextricable link with project, then interest earned on short term deposits should be reduced from work in progress, but cannot be assessed under the head income from other sources.
Hitachi Automotive Systems (India) Pvt. Ltd Vs The Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 29483 (ITAT-CHENNAI)
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The payment made by the assessee is in the nature of royalty as defined under Explanation 2(1) to Section 9(1)(vi) and liable for TDS u/s 195.
Ambika Cotton Mills Ltd Vs The Dy. Commissioner of Income Tax
(2022) TaxCorp(LJ) 29445 (ITAT-CHENNAI) · Section 195
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The assessment order is neither erroneous nor prejudicial to the interest of the Revenue and PCIT erred in revising the assessment order.
Coimbatore Vaiyapuri Maathesh Vs The Income Tax Officer
(2022) TaxCorp(LJ) 29440 (ITAT-CHENNAI) · Section 270A
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Issue on which rectification application is preferred by the Assessee is a debatable issue which could not be considered.
Periyasamy Pillai Educational Trust Vs The Income Tax Officer
(2022) TaxCorp(LJ) 29355 (ITAT-CHENNAI) · Section 154
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Assessee, registered as primary agricultural credit society, was entitled for the benefit of deduction under Section 80P(2).
Irula Snake Catchers Industrial Co-operative Society Limited Vs Income Tax Officer
(2022) TaxCorp(LJ) 29349 (ITAT-CHENNAI)
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The time limit prescribed in clauses (i) & (ii) of Section 201(3) pertain to default for failure to deduct full or any part of the tax from the person resident in India, however the section does not prescribe in any explicit terms, any timeline in respect of non-residents.
Sutherland Global Services Pvt. Ltd Vs DCIT
(2022) TaxCorp(LJ) 29301 (ITAT-CHENNAI)
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ITAT - New unit set up to expand business by manufacturing identical goods, enter new markets, and benefit from new tax regime, not to be termed as established by splitting or reconstructing of existing unit of the Assessee - Eligible for deduction u/s 80IC.
Pool Thevar Marimuthu Vs The Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 29232 (ITAT-CHENNAI) · Section 80IC
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Growing mango fruits and selling the same in South East Asian countries is an agricultural activity.
Prabhu Dhananjayan Vs The Income Tax Officer
(2022) TaxCorp(LJ) 29227 (ITAT-CHENNAI) · Section 10
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When an issue is debatable and if two views can be taken on the issue, then the AO cannot deny beneficial deductions allowed under income-tax provisions to deny deductions by taking one of the views.
Handy Waterbase India Pvt. Ltd Vs The DCIT
(2022) TaxCorp(LJ) 29225 (ITAT-CHENNAI) · Section 10B
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The validity of assessment on corporate death of any entity upon amalgamation cannot be decided on bare application of Section 481 of the Companies Act, 1956.
IRIS Engineering Industries Pvt. Ltd Vs The Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 29192 (ITAT-CHENNAI)
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There was no requirement to deduct tax at source on the commission.
Sutherland Global Services Pvt. Ltd Vs ACIT
(2022) TaxCorp(LJ) 29180 (ITAT-CHENNAI)
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ITAT - WhatsApp messages and other incriminating material (uncorroborated & inadmissible under Evidence Act) insufficient to sustain additions u/s 69C.
A. Johnkumar Vs The Dy. Commissioner of Income Tax
(2022) TaxCorp(LJ) 29115 (ITAT-CHENNAI)
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ESPN India is merely a reseller of advertisement space it purchases on ESPN UK’s website.
ESPN Digital Media (India) Pvt. Ltd Vs The DCIT
(2022) TaxCorp(LJ) 29046 (ITAT-CHENNAI)
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There is no reason to deprive the assessee of the normal entitlement which would flow out of the provisions of section 70 of the Act.
TVS Motor Company Ltd. Vs The Asst. Commissioner of Income Tax
(2022) TaxCorp(LJ) 29026 (ITAT-CHENNAI) · Section 80-IC
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Revenue is directed to recompute the long term capital gain by adopting the value determined by the DVO in terms of section 50C.
G.Sampath Vs The Income Tax Officer
(2022) TaxCorp(LJ) 28990 (ITAT-CHENNAI) · Section 50C
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Where Assessee explained reasons for change in accounting, disclosed its effect in the profit or loss account, the additions made by the Revenue are not sustainable.
Fuji Electric Consul Neowatt Pvt.Ltd. Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28969 (ITAT-CHENNAI)
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Advance to contractor for execution of work for the purpose of business, if become irrecoverable is capital in nature.
Rudradev Aviation Pvt. Ltd Vs The ACIT
(2022) TaxCorp(LJ) 28918 (ITAT-CHENNAI)
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