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Landmark Rulings

ITAT Chennai — Direct Tax

572 rulings

  1. ITAT Chennai · 23 Jan 2025
    Chennai ITAT Rules Against Education Cess on DTAA Tax Rates: A Case of Cross-Border Taxation Relief

    Sankaranarayanan Ramasubramanian Vs ACIT

    (2025) TaxCorp(LJ) 34778 (ITAT-CHENNAI)

  2. ITAT Chennai · 22 Jan 2025
    Chennai ITAT Reverses CIT(A) Decision, Denies Deduction Under Section 10A Due to Defective Form 56F

    Future Software Private Limited Vs The Assistant Commissioner of Income Tax

    (2025) TaxCorp(LJ) 34774 (ITAT-CHENNAI)

  3. ITAT Chennai · 29 Jan 2025
    Chennai ITAT Rules in Favor of Assessee: Allows Deduction for Foreign Exchange Fluctuation Loss on Currency Loan for Fixed Asset Acquisition

    Sundram Fasteners Ltd Vs The ACIT

    (2024) TaxCorp(LJ) 34766 (ITAT-CHENNAI) · Sections 37(1), 43A

  4. ITAT Chennai · 01 Jan 2025
    Revisiting Tax Credit Claims: Chennai ITAT Remands Decision on Taxes Paid by Venture Capital Funds

    IDFC Limited Vs The Joint Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34724 (ITAT-CHENNAI) · Section 115U

  5. ITAT Chennai · 26 Dec 2024
    ITAT Reinstates IDFC Financial Holdings' Advance Tax Liability, Denies Interest Addition under Section 234C

    IDFC Financial Holdings - Co. Ltd Vs The DCIT

    (2024) TaxCorp(LJ) 34714 (ITAT-CHENNAI) · Section 234C

  6. ITAT Chennai · 28 Oct 2024
    Chennai ITAT Rules in Favor of Assessee, Overturns Revenue's Rejection of Weighted Deductions for Scientific Research Expenditures

    MRF Limited Vs DCIT

    (2024) TaxCorp(LJ) 34623 (ITAT-CHENNAI) · Section 35(2AB)

  7. ITAT Chennai · 28 Oct 2024
    Chennai ITAT Invalidates Tax Deduction Requirement on Marketing Fees Paid to Foreign Agents

    Spel Semiconductor Limited Vs ITO

    (2024) TaxCorp(LJ) 34621 (ITAT-CHENNAI)

  8. ITAT Chennai · 19 Nov 2024
    Chennai Tribunal Declares AO's Disallowance Invalid Without Sufficient Findings on Exempt Income Expenditure

    Asianet Star Communications Pvt. Ltd Vs The Assistant Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34610 (ITAT-CHENNAI) · Section 14A

  9. ITAT Chennai · 16 Nov 2024
    Chennai ITAT Upholds Business Classification of Lottery Prize Winnings, Allowing Set-off of Expenditures Against Income

    Pooja Marketing Vs DCIT

    (2024) TaxCorp(LJ) 34603 (ITAT-CHENNAI)

  10. ITAT Chennai · 28 Nov 2024
    Chennai ITAT Overturns PCIT’s Revisionary Order Under Section 263 for Lack of Evidence of Income Misreporting

    Anitha Texcot (India) Pvt. Ltd Vs The DCIT

    (2024) TaxCorp(LJ) 34582 (ITAT-CHENNAI) · Section 270A

  11. ITAT Chennai · 04 Nov 2024
    Chennai ITAT Determines Estimated Profits Are Sufficient; Further Disallowances Under Tax Codes Unwarranted

    Shri Irulandi Thevar Vetrivel Vs The ACIT

    (2024) TaxCorp(LJ) 34564 (ITAT-CHENNAI) · Sections 40A(3), 40(a)(ia)

  12. ITAT Chennai · 01 Nov 2024
    Chennai ITAT Invalidates Section 153C Notice for AY 2012-13: Clarity on Incriminating Material Requirement and Receipt Date

    KSJ Infrastructure Pvt. Ltd Vs The DCIT

    (2024) TaxCorp(LJ) 34563 (ITAT-CHENNAI) · Sections 153, 153C

  13. ITAT Chennai · 24 Sep 2024
    Chennai ITAT Rules MEIS Scrips as Capital Receipts, Upholds Exemption under MLFPS

    Eastman Exports Global Clothing (P) Ltd Vs The Assistant Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34538 (ITAT-CHENNAI) · Section 2(24)(xviii)

  14. ITAT Chennai · 14 Sep 2024
    Chennai ITAT Dismisses Assessee’s Appeal, Upholds CIT(A)’s Rectification Order Under Section 154; Restricts Exemption Claim on Club's Interest Income from FDs

    Madras Gymkhana Club Vs The ITO

    (2024) TaxCorp(LJ) 34514 (ITAT-CHENNAI)

  15. ITAT Chennai · 14 Sep 2024
    Chennai ITAT Upholds CIT(A) Order, Clarifies Deduction Under Section 36(1)(viia)(d) for Bad and Doubtful Debts

    Cholamandalam Investment & Finance Company Ltd Vs The DCIT

    (2024) TaxCorp(LJ) 34510 (ITAT-CHENNAI)

  16. ITAT Chennai · 19 Nov 2024
    Chennai ITAT Allows Assessee’s Appeal, Holds Provision for Expected Losses as Allowable Deduction Under Indian Tax Laws

    International Seaport Dredging Private Limited Vs DCIT

    (2024) TaxCorp(LJ) 34484 (ITAT-CHENNAI)

  17. ITAT Chennai · 05 Sep 2024
    Chennai ITAT Quashes Revision Order Under Section 263 for AY 2014-15, Holds It Bad in Law Due to Lack of Evidence on Erroneous and Prejudicial Nature

    Gaurav Dugar Vs The Principal Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34482 (ITAT-CHENNAI) · Section 263

  18. ITAT Chennai · 31 Aug 2024
    Chennai ITAT Overrules Rs. 49.48 Crore Disallowance for IDFC First Bank, Affirms Exemption of Dividend Income Under Section 10(34)

    IDFC First Bank Limited Vs The Deputy Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34467 (ITAT-CHENNAI) · Section 14A

  19. ITAT Chennai · 31 Aug 2024
    Chennai ITAT Rules in Favor of Hyundai Motors on Non-Taxability of Investment Promotion Subsidy as Capital Receipt

    Hyundai Motor India Limited Vs Deputy Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34465 (ITAT-CHENNAI)

  20. ITAT Chennai · 17 Aug 2024
    Assessing Interest Income of Cottage Industry as Entitled for Section 80P(2) Deductions

    Potheri Village Weaning Food Vs Income Tax Officer

    (2024) TaxCorp(LJ) 34433 (ITAT-CHENNAI) · Section 80P(2)

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