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Tag: ITAT Chennai

Income Tax in MediaMedia

Gratuity tax deduction of ₹79.25 lakh denied over wrong ITR schedule, ITAT Chennai rules in taxpayer’s favour

byAdmin12/08/202612/08/2026

A company that lost a ₹79.25 lakh gratuity deduction because of an error in its income tax return has won relief from the Income Tax Appellate Tribunal (ITAT), Chennai.

GST ArticleIncome Tax Tribunal

Penalty not leviable if there is reasonable cause for failure to get accounts audited

byCA Bimal Jain22/02/202322/02/2023

The ITAT, Chennai in the Assistant Commissioner of Income Tax, v. Haneefa Sahib Shajahan,[I.T.A. No.931/Chny/2022 dated January 24, 2023] has…

GST ArticleIncome Tax Article

Interest paid on belated payments of service tax is allowable for deduction u/s 37(1) IT Act

byCA Bimal Jain20/12/202220/12/2022

The Income Tax Appellate Tribunal, Chennai (“the ITAT”) in Prince Holdings Madras (P) Ltd v. Deputy Commissioner of Income Tax…

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Latest Post

  • Latest update 12.08.2026
  • Jammu Kashmir Received Rs 14,478 Crore in GST Compensation Since 2017-18: Centre
  • Gratuity tax deduction of ₹79.25 lakh denied over wrong ITR schedule, ITAT Chennai rules in taxpayer’s favour
  • Govt To Soon Notify Rules For Online Lower Or Nil TDS Certificate Applications: MoS Finance
  • Notification no. 111/2026 dated 10.08.2026- Income tax

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