![Relief to Ferrero India: ITAT holds on absence of international transaction determination of ALP not necessary [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Ferrero-India-ITAT-ALP-taxscan.jpeg "Relief to Ferrero India: ITAT holds on absence of international transaction determination of ALP not necessary [Read Order]")
Relief to Ferrero India: ITAT holds on absence of international transaction determination of ALP not necessary [Read Order]
Relief to Ferrero India Pvt Limited was granted by the Income Tax Appellate Tribunal (ITAT), Pune as on absence of international transaction...
![Revisional Order u/s 263 cant be Simply on Assumption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Revisional-order-ITAT-taxscan.jpeg "Revisional Order u/s 263 cant be Simply on Assumption: ITAT [Read Order]")
![No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/addition-assessment-proper-enquiry-incriminating-material-ITAT-TAXSCAN.jpg "No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]")
![Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Addition-assessee-sufficient-evidence-ITAT-taxscan.jpeg "Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]")
Deletion of Disallowance u/s 40(a) not valid in the Absence of Verification on Inclusion of Amount in Income: ITAT [Read Order]
The Income Tax Appellate Tribunal Ahmedabad “C” Bench has recently, while allowing an appeal filed by the Revenue, held that deletion of disallowance under section 40(a) is not valid in the absence...
![Deletion of Disallowance u/s 40(a) not valid in the Absence of Verification on Inclusion of Amount in Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-Income-ITAT-taxscan.jpg "Deletion of Disallowance u/s 40(a) not valid in the Absence of Verification on Inclusion of Amount in Income: ITAT [Read Order]")
Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]
The Income Tax Appellate Tribunal ‘B’ Bench, Chennai, has while allowing an appeal filed by the Revenue, held that capital gain exemption u/s 54F is allowable only if the property in question is...
![Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Exemption-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]")
Manual Filing of Appeal due to Lack of Awareness regarding E-Filing procedures: ITAT restores matter to CIT for fresh adjudication [Read Order]
In an assessee friendly judgment, the Income Tax Appellate Tribunal (ITAT), Mumbai bench restored the matter to the file of Commissioner of Income Tax (CIT) for fresh adjudication on the ground that...
![Manual Filing of Appeal due to Lack of Awareness regarding E-Filing procedures: ITAT restores matter to CIT for fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/appeal-E-filing-procedures-ITAT-CIT-fresh-adjudication-taxscan.jpeg "Manual Filing of Appeal due to Lack of Awareness regarding E-Filing procedures: ITAT restores matter to CIT for fresh adjudication [Read Order]")
Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench refused to condone the delay of 807 days as there was a delay on the ground due to the late filing of an appeal on advice from a consultant. ...
![Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/appeal-Consultant-ITAT-condone-delay-taxscan.jpg "Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days [Read Order]")
Lapse of 15 years to produce Supporting Documents before AO: ITAT disallows Depreciation Claim [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench disallowed depreciation claim as there was Lapse of 15 years to produce supporting documents before Assessing Officer (AO). The assessee,...
![Lapse of 15 years to produce Supporting Documents before AO: ITAT disallows Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/documents-AO-ITAT-depreciation-claim-taxscan.jpg "Lapse of 15 years to produce Supporting Documents before AO: ITAT disallows Depreciation Claim [Read Order]")
ATM machines eligible for Depreciation at 60% as applicable to Computer Software, AO has to compute WDV at same rate: ITAT
ATM machines are eligible for depreciation at 60% as applicable to computer software, the Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed to compute WDV at the same rate. The...
Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench, has, in a recent appeal filed before it, held that advance given to a subsidiary company for the purpose of business is to be allowed as...
![Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Advance-Subsidiary-Company-Loss-Business-ITAT.jpg "Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]")