ITAT Bangalore Judgments, Orders & News | Income Tax Appellate Tribunal

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Explore the latest ITAT Bangalore judgments, orders, and appellate decisions on direct tax matters from the Bangalore bench of the Income Tax Appellate Tribunal

ITAT deletes Rs. 6 lakh penalty u/s 271D due to bonafide claim of LTCG on part of assessee [Read Order]

Saagarika Gopinath

The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) deletes Rs. 6 lakh penalty on the assessee over an alleged violation of Section...

ITAT Weekly Round Up

ITAT upholds Non-taxability of Google Ireland's Ad Revenue in India: Payments not Classified as...

Assessee Deposited Cash from Earlier Withdrawals: ITAT quashes Rs. 9.84 Lakh Income Additions [Read...

Interest on Delayed Customs Duty Deductible u/s 37 of Income Tax Act: ITAT [Read Order]

ITAT affirms Deductibility of ESOP Expenses as Legitimate Business Expenditures u/s 37 of Income Tax Act [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) affirmed the deductibility of Employee Stock Option Plan ( ESOP ) expenses as legitimate business expenditures under Section 37 of the...

ITAT upholds CIT(A) decision on Sales Commission Payments, Concluding No TDS Liability for Fees for Technical Services [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] concerning the sales commission payments made by the assessee,...

Banking Companies Exempt from Minimum Alternate Tax u/s 115JB from AY 2013-14: ITAT rules in favour of Canara Bank [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled in favor of Canara Bank that Banking Companies are exempted from Minimum Alternate Tax ( MAT ) under Section 115JB of the Income...

No Misreporting in PF and Cess Deduction Claims Made in Good Faith: ITAT quashes 84 Lakhs S.270 Penalty under Income Tax [Read Order]

Recently in a ruling the Income Tax Appellate Tribunal (ITAT) Bangalore quashed an ₹84 lakh penalty imposed on a company for under-reporting income under the Income Tax Act 1961 (ITA), specifically...

Continuous Non-Compliance towards Notices: ITAT remands matter with ₹5k Costs [Read Order]

In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter with Rs. 5000 due to non-compliance with the notices by the assessee. In this case, the...

S.36 of Income Tax Misinterpreted by AO: ITAT Upholds Bank's Claim for Non- Rural Bad Debt Write Off [Read Order]

Recently in a decision, the Income Tax Appellate Tribunal ( ITAT ) of Bangalore upheld a bank’s claim for the write-off of non-rural bad debts, overturning the Assessing Officer’s ( AO )...

“Treating Cash Deposits from ‘Business Income’ as ‘Unexplained’ Results in Double Taxation”: ITAT Quashes S.69A Addition under Income Tax [Read Order]

Recently in a decision, the Income Tax Appellate Tribunal ( ITAT ) of Bangalore, quashed an addition made under Section 69A of the Income Tax Act 1961 ( ITA ) holding that treating cash deposits from...

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