![Disallowance of Depreciation on Goodwill: ITAT Upholds Claim as Intangible Asset Eligible u/s 32 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-Depreciation-on-goodwill-Goodwill-as-intangible-asset-taxscan-.jpg "Disallowance of Depreciation on Goodwill: ITAT Upholds Claim as Intangible Asset Eligible u/s 32 [Read Order]")
Disallowance of Depreciation on Goodwill: ITAT Upholds Claim as Intangible Asset Eligible u/s 32 [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the depreciation claim on goodwill, affirming it as an intangible asset eligible...
![Disallowance of Interest on Loan for Share Acquisition: ITAT Upholds Deduction as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Business-Expenses-.jpg "Disallowance of Interest on Loan for Share Acquisition: ITAT Upholds Deduction as Business Expense [Read Order]")
![Mechanical Approval u/s 153D: ITAT quashes Assessment for Lack of Application of Mind [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Mechanical-ITAT-Assessment-Application-of-Mind-taxscan.jpg "Mechanical Approval u/s 153D: ITAT quashes Assessment for Lack of Application of Mind [Read Order]")
![Natural Justice Prevails: ITAT Grants Assessee Fresh Hearing Opportunity Subject to Rs. 2,000 Cost Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-Natural-justice-Income-Tax-appeal-taxscan.jpg "Natural Justice Prevails: ITAT Grants Assessee Fresh Hearing Opportunity Subject to Rs. 2,000 Cost Payment [Read Order]")
![Wrong Clause Selection Not Fatal to Proceedings: ITAT Grants Fresh Opportunity for 12AA Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Wrong-Clause-Wrong-Clause-Selection-Not-Fatal-to-Proceedings-ITAT-ITAT-Grants-Fresh-Opportunity-Section-12AA-Registration-taxscan.jpg "Wrong Clause Selection Not Fatal to Proceedings: ITAT Grants Fresh Opportunity for 12AA Registration [Read Order]")
ITAT Admits Additional Evidence, Remands Rs. 17 Lakh Unsecured Loan Case to AO for Fresh Assessment [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT), set aside an appeal order and remanded the case back to the Assessing Officer (AO) for fresh assessment, admitting additional...
![ITAT Admits Additional Evidence, Remands Rs. 17 Lakh Unsecured Loan Case to AO for Fresh Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Admits-Additional-Evidence-Evidence-Unsecured-Loan-Unsecured-Loan-Case-AO-for-Fresh-Assessment-Fresh-Assessment-taxscan.jpg "ITAT Admits Additional Evidence, Remands Rs. 17 Lakh Unsecured Loan Case to AO for Fresh Assessment [Read Order]")
ITAT Quashes PCIT's Order u/s 263 Against Bharti Airtel, Holds Interest and Penalty on License Fee as Revenue Expenditure [Read Order]
In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income...
![ITAT Quashes PCITs Order u/s 263 Against Bharti Airtel, Holds Interest and Penalty on License Fee as Revenue Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-PCIT-order-Bharti-Airtel-tax-taxscan.jpg "ITAT Quashes PCITs Order u/s 263 Against Bharti Airtel, Holds Interest and Penalty on License Fee as Revenue Expenditure [Read Order]")
Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]
In a significant ruling, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessee is still eligible for a deduction under Section 54F of the Income Tax Act, 1961, even if...
![Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Pune-Section-54F-Income-Tax-Deduction-TAXSCAN.jpg "Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]")
ITAT Rejects ₹1.17 Crore Addition as Unexplained Cash Credit on LTCG from Shares due to Lack of Evidence [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) rejected the addition of Rs. 1,17,78,534/- as unexplained cash credit on Long-Term Capital Gain (LTCG) from shares due to lack of evidence....
![ITAT Rejects ₹1.17 Crore Addition as Unexplained Cash Credit on LTCG from Shares due to Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Addition-as-Unexplained-Cash-Credit-Unexplained-Cash-Credit-Cash-Credit-Unexplained-Cash-Credit-on-LTCG-Due-to-Lack-of-Evidence-taxscan.jpg "ITAT Rejects ₹1.17 Crore Addition as Unexplained Cash Credit on LTCG from Shares due to Lack of Evidence [Read Order]")
ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) dismissed the Revenue’s appeal, holding that reassessment under Section 147/148 of Income Tax Act,1961 was invalid due to reliance on...
![ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Dismisses-Revenues-Appeal-Revenues-Appeal-Revenues-Appeal-as-Reassessment-Reassessment-Under-Section-147-148-Reassessment-taxscan.jpg "ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]")
Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) remanded the matter to Commissioner of Income Tax (Appeals) [CIT(A)] due to non-compliance with Section 40A(3) of Income Tax Act,1961 in cash...
![Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Non-Compliance-With-Section.40A3-Cash-Payments-ITAT-ITAT-Remands-Case-Remands-Case-Remands-Case-to-CITA-taxscan.jpg "Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]")