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5 results for “TDS”+ Section 140Aclear

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Key Topics

Section 244A13Section 4512Section 234A9Section 234D4Section 1543Section 140A2Section 140A(1)2Section 372Addition to Income2TDS

BRAKES INDIA LIMITED,,CHENNAI vs. DCIT (LTU), CHENNAI

In the result, appeal filed by the assessee is dismissed

ITA 758/CHNY/2012[2002-03]Status: DisposedITAT Chennai23 Feb 2022AY 2002-03

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकरअपीलसं./I.T.A.No.758/Chny/2012 ("नधा"रणवष" / Assessment Year: 2002-03) M/S. Brakes India Ltd. Vs Deputy Commissioner Of Income Tax, (Ltu) Padi, Chennai-600 101. Chennai-600 050. Pan: Aaacb 2533Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 140ASection 143(3)Section 244A

section 140A, which provides for how to adjust amount of tax paid by the assessee to tax and interest payable under the Act. 10. We have given our thoughtful consideration to petition filed by the assessee for admission of additional grounds in light of decision of the Hon'ble Jurisdictional High Court of Madras in T.C.A No.53

GVR ASHOKA CHENNAI CORR LIMITED,CHENNAI vs. ADIT, BENGALURU

In the result, the appeal of the assessee is allowed

2
Deduction2
Penalty2
ITA 2621/CHNY/2025[2021-22]Status: DisposedITAT Chennai10 Dec 2025AY 2021-22

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunatha

For Appellant: Mr. Dharan V. Gandhi, ARFor Respondent: 20.11.2025
Section 140A(1)Section 143(1)Section 234A

TDS was subsequently rectified, CPC continued to levy interest under section 234A up to March 2022, which the assessee disputed. 3. The ld.CIT(A) upheld the levy on the basis of Explanation to section 140A

DCIT, CHENNAI vs. SHRIRAM TRANSPORT FINANCE CO. LTD., CHENNAI

In the result, appeal of the assessee is partly allowed and the

ITA 728/CHNY/2016[2012-13]Status: DisposedITAT Chennai24 Aug 2016AY 2012-13

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamony

For Appellant: Shri R. Sivaraman, AdvocateFor Respondent: Dr. U. Anjaneyalu, CIT
Section 234DSection 36(1)(iii)Section 37Section 45

TDS was `25,02,47,313/- as against `24,97,95,185/- claimed in the return of income. Therefore, according to the Ld. counsel, 10 I.T.A. No.454/Mds/16 I.T.A. No.728/Mds/16 there was an omission to give credit to the extent of `67,16,883/-. The CIT(Appeals) directed the Assessing Officer to give credit after verification if permissible under

SHRIRAM TRANSPORT FINANCE CO. LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, appeal of the assessee is partly allowed and the

ITA 454/CHNY/2016[2012-2013]Status: DisposedITAT Chennai24 Aug 2016AY 2012-2013

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamony

For Appellant: Shri R. Sivaraman, AdvocateFor Respondent: Dr. U. Anjaneyalu, CIT
Section 234DSection 36(1)(iii)Section 37Section 45

TDS was `25,02,47,313/- as against `24,97,95,185/- claimed in the return of income. Therefore, according to the Ld. counsel, 10 I.T.A. No.454/Mds/16 I.T.A. No.728/Mds/16 there was an omission to give credit to the extent of `67,16,883/-. The CIT(Appeals) directed the Assessing Officer to give credit after verification if permissible under

ACIT, CHENNAI vs. SHRI NACHIMUTHU PALANISWAMY, CHENNAI

The appeal stands dismissed

ITA 1032/CHNY/2022[2010-2011]Status: DisposedITAT Chennai16 May 2023AY 2010-2011

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1032/Chny/2022 (िनधा*रण वष* / Assessment Year: 2010-11) Acit Shri Nachimuthu Palaniswamy, बनाम/ Central Circle-3(3), 82, Cathedral Road, Vs. Chennai. Gopalapuram, Chennai-600 086. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adopp-9910-F (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri D. Hema Bhupal (Jcit)-Ld. Sr. Dr " थ"कीओरसे/Respondent By : Shri Y.Sridhar (Fca) -Ld. Ar सुनवाईकीतारीख/Date Of Hearing : 16-05-2023 घोषणाकीतारीख /Date Of Pronouncement : 16-05-2023 आदेश / O R D E R

For Appellant: Shri D. Hema Bhupal (JCIT)-Ld. Sr. DRFor Respondent: Shri Y.Sridhar (FCA) -Ld. AR
Section 153ASection 154Section 244(1)(aa)Section 244A

140A on self-assessment, the assessee is entitled to interest as held by this Court in CIT vs. Ashok Leyland Ltd. (2002) 254 ITR 641 (Mad). 5.5. It is also trite law that wherever the assessee is entitled to refund, there is a statutory liability on the Revenue to pay interest on such refund on general principles to pay interest