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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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Once the windmills are installed before 31.03.2012, then rate of depreciation is applicable as per pre-amended. i.e. 80%.
Senthil Energy Pvt.Ltd Vs Income Tax Officer
(2022) TaxCorp(LJ) 28872 (ITAT-CHENNAI)
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In order to eligible for benefit of investment allowance u/s.32AC(1) of the Act, the assessee must satisfy two conditions as per which new asset should be acquired and installed between 01.04.2013 and 31.03.2015. Unless the assessee satisfies two conditions, it cannot claim benefit of additional investment allowance.
Hyundai Motor India Limited Vs The Asst. Commissioner of Income Tax
(2022) TaxCorp(LJ) 28686 (ITAT-CHENNAI) · Section 32AC
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Revenue has failed to bring on record any evidence to prove that findings of fact recorded by Ld. CIT(A) is incorrect or opposed to the facts.
Ramcharan Tej Konidala Vs The Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28668 (ITAT-CHENNAI)
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Provision made by the assessee for bad and doubtful debts is only a provision, but not actual written off of bad debts which is irrecoverable.
Tamil Nadu Generation and Distribution Corporation Ltd Vs Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28618 (ITAT-CHENNAI)
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The payment made to a person outside India for earning income from any source outside India would not require TDS under Section 195 since the income of recipient would be excluded from the deeming provisions of Section 9(1).
Tractors and Farm Equipment Ltd Vs DCIT
(2022) TaxCorp(LJ) 28591 (ITAT-CHENNAI)
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On transfer of a property, consideration received or accrued as a result of transfer should be taken into account as per the joint owners’ share in the property and not as per any internal arrangement between the parties.
Dr. E. S. Krishnamoorthy Vs The Income Tax Officer
(2022) TaxCorp(LJ) 28542 (ITAT-CHENNAI)
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