Read all Latest Updates on and about Income Tax Appellate Tribunal

Begin typing your search above and press return to search.

Home
»
Income Tax Appellate...

No Change in Ownership and Character of Transaction made in Individual Capacity by making entries in accounts of Partnership Firm: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that no change in ownership and character of transaction made in individual capacity by...

Penal Interest due to delay in Payment of Lease amount: ITAT directs to Capitalize under Project...

Relief to NXP India: ITAT directs Fresh Adjudication on Depreciation on Networking Equipment [Read...

Year of substantial expansion is initial Assessment Year within 10 years for claiming Deduction u/s...

Cash Loan u/s 269SS given by Executive Directors to meet urgent Financial needs of Company: ITAT...

Factoring Charges are not in the Nature of Interest, TDS u/s 40(a)(ia) not Applicable: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently in an appeal filed before it, held that factoring charges are not in the nature of interest and hence that TDS u/s 40 (a) (ia)...

Sole reliance on Report of Investigation Wing: ITAT sets aside Income Tax Addition as Unexplained Investment [Read Order]

The Income Tax Appellate Tribunal (ITAT), New Delhi bench set aside addition as un-explained investment as there was sole reliance on report of Investigation Wing. The assessment of the assessee,...

Penalty u/s 271(1)(c) cannot be made for Income Tax Additions made on ad-hoc basis: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that penalty under Section 271(1)(c) of the Income Tax Act, 1961 cannot be made for additions made on ad-hoc basis. The assessee,...

Depreciation allowable for Goodwill on Exclusive Rights such as Patents and Trademarks: Delhi HC [Read Order]

The Delhi High Court, in a recent ruling has held in favour of the assessees, Daikin Shriram Aircon Pvt Ltd and Daikin Air Conditioning India Pvt Ltd that, the assessee is entitled to claim...

Relief to HP: ITAT allows Working Capital Adjustment Claim [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bengaluru Bench allowed working capital adjustment claim, thereby granting relief to M/s. Hewlett-Packard (India) Software Operation Pvt. Ltd. The...

Interest Expenses which are in Nature of Rent Deposit cannot be Disallowed: ITAT [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that Interest expense which is in nature of rent deposit cannot be disallowed. The Revenue appealed against the order of...

ITAT deletes Income Tax Addition made solely on Third-party Information [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench deleted addition made solely on third-party information. The assessee, Dr. Sreenivasulu Reddy Ponnaluru is an ENT specialist having...

Prev Page Next Page