Search Results for Tag : ITAT Chennai
News
ITAT Chennai: Urban Land Leased Out to Educational Trust Cannot be Treated as ‘Vacant Land’(04.03.2021)
Income Tax Appellate Tribunal (ITAT), Chennai has held that wealth tax is not applicable on lands held by a trust for charitable purposes.
Tags : ITAT Chennai, Urban Land
ITAT Chennai: Entries in Books of Accounts Does Not Prove Genuineness of Expenditure(12.06.2019)
Income Tax Appellate Tribunal (ITAT), Chennai has held that mere entries in the books of accounts do not prove genuineness of the expenditure. The Tri.....
Tags : ITAT Chennai, Expenditure
ITAT Chennai: Capital Gain Exemption Not Allowable Merely Due to Agreement Without Payment Evidence(20.06.2019)
Income Tax Appellate Tribunal (ITAT), Chennai has observed that the exemption under Section 54F of the Income Tax Act, 1961 (Act) is allowable merely .....
Tags : ITAT Chennai, Capital Gain Exemption
ITAT Chennai: Activities of Tamil Nadu Cricket Association are Not ‘Commercial’(08.06.2017)
ITAT Chennai has held that activities of Tamil Nadu Cricket Association are not “Commercial” in nature and hence exemption to assessee under section 1.....
Tags : ITAT Chennai, Tamil Nadu Cricket Association
ITAT States That Consideration Paid For Purchase Of Advertisement Space Does Not Amount To 'Royalty'(16.05.2022)
Chennai Bench of ITAT has held that consideration paid for purchase of advertisement space does not amount to 'royalty' under the Income Tax Act, 1961
Tags : ITAT Chennai, Royalty, Income Tax Act