ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![HUF’s Entitlement to ₹9.32 Lakh TDS Credit Requires Proof Members Did Not Claim It: ITAT Remands Matter for Verification [Read Order]](https://images.taxscan.in/h-upload/2026/01/25/500x300_2121832-huf-tds-credit-itat-verification-taxscan.webp "HUF’s Entitlement to ₹9.32 Lakh TDS Credit Requires Proof Members Did Not Claim It: ITAT Remands Matter for Verification [Read Order]")
HUF’s Entitlement to ₹9.32 Lakh TDS Credit Requires Proof Members Did Not Claim It: ITAT Remands Matter for Verification [Read Order]
In a recent ruling, the Agra bench of the Income Tax Appellate Tribunal (ITAT) held that credit on Tax Deducted at Source (TDS) claimed by a Hindu...
![ROC Strike-Off Does Not Invalidate Reassessment where S.148 Notice Predates It: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/24/250x150_2121760-roc-itat-taxscan.jfif "ROC Strike-Off Does Not Invalidate Reassessment where S.148 Notice Predates It: ITAT [Read Order]")
![No Separate Rent provided by Co-tenants: ITAT Grants relief to Landlord based on Tenant’s Bank Records [Read Order]](https://images.taxscan.in/h-upload/2026/01/20/250x150_2120903-no-separate-rent-provided-by-co-tenants-taxscan.webp "No Separate Rent provided by Co-tenants: ITAT Grants relief to Landlord based on Tenant’s Bank Records [Read Order]")
Rebate u/s 87A allowable to STCG and LTCG Taxed under New Regime, Not Applicable on VDA Transfers: ITAT [Read Order]
The Indore Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that rebate under Section 87A is allowable against tax payable on Short-Term Capital Gains ( STCG ) under Section 111A and...
![Rebate u/s 87A allowable to STCG and LTCG Taxed under New Regime, Not Applicable on VDA Transfers: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/20/500x300_2120862-stcg-and-ltcg-itat-taxscan.jfif "Rebate u/s 87A allowable to STCG and LTCG Taxed under New Regime, Not Applicable on VDA Transfers: ITAT [Read Order]")
Deeming Provision of S. 69A applies only when ‘Money Found’ with Taxpayer and Not Explained: ITAT [Read Order]
The deeming provision under Section 69A of the Income Tax Act, 1961 applies only when “money” is found with the assessee and the assessee fails to explain its nature and source, ruled the Income...
![Deeming Provision of S. 69A applies only when ‘Money Found’ with Taxpayer and Not Explained: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/19/500x300_2120788-section-69a-income-tax-taxscan.webp "Deeming Provision of S. 69A applies only when ‘Money Found’ with Taxpayer and Not Explained: ITAT [Read Order]")
ESOP Cost allowable as Business Expenditure u/s 37: ITAT allows Yatra’s ₹93L Claim Despite same Issue Pending before SC [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench allowed that ESOP (Employee Stock Option Plan) expenditure to Yatra as business deduction under Section37(1) of the Income Tax Act, 1961...
![ESOP Cost allowable as Business Expenditure u/s 37: ITAT allows Yatra’s ₹93L Claim Despite same Issue Pending before SC [Read Order]](https://images.taxscan.in/h-upload/2026/01/19/500x300_2120774-esop-itat-taxscan.jfif "ESOP Cost allowable as Business Expenditure u/s 37: ITAT allows Yatra’s ₹93L Claim Despite same Issue Pending before SC [Read Order]")
Penalty Invalid as Notice did not specify sub-clause of S.270: ITAT Rules in Favour of Bajaj Housing Finance Ltd [Read Order]
The Income Tax Appellate Tribunal (ITAT) has set aside the penalty against Bajaj Housing Finance, holding that such a penalty will be invalid as the notice for the same did not specify a sub-clause...
![Penalty Invalid as Notice did not specify sub-clause of S.270: ITAT Rules in Favour of Bajaj Housing Finance Ltd [Read Order]](https://images.taxscan.in/h-upload/2026/01/16/500x300_2120026-itat-rules-favour-bajaj-housing-finance-ltd-taxscan.webp "Penalty Invalid as Notice did not specify sub-clause of S.270: ITAT Rules in Favour of Bajaj Housing Finance Ltd [Read Order]")
General Insurance Companies Entitled to S. 10(38) Income Tax Exemption on Equity Gains: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) ruled that general insurance companies can claim income tax exemption under Section 10(38) on long-term capital gains from sale of equity...
![General Insurance Companies Entitled to S. 10(38) Income Tax Exemption on Equity Gains: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119689-general-insurance-companies-entitled.webp "General Insurance Companies Entitled to S. 10(38) Income Tax Exemption on Equity Gains: ITAT [Read Order]")
Schedule BP Adjustment Ignored: ITAT Sets Aside ₹33.83 Cr Disallowance u/s. 37 & MAT Addition u/s. 115JB [Read Order]
set aside a disallowance of ₹33.83 crore made under Section 37 of the Income TaxAct, 1961, along with the corresponding addition to book profits under Section 115JB, after noting that the Assessing...
![Schedule BP Adjustment Ignored: ITAT Sets Aside ₹33.83 Cr Disallowance u/s. 37 & MAT Addition u/s. 115JB [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/500x300_2118745-schedule-bp-adjustment-ignored-taxscan.webp "Schedule BP Adjustment Ignored: ITAT Sets Aside ₹33.83 Cr Disallowance u/s. 37 & MAT Addition u/s. 115JB [Read Order]")