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

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ITAT Bangalore

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

No Material Found during Search: ITAT deletes Addition made by AO u/s 41(1) [Read Order]

Saagarika Gopinath

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) in a recent ruling deleted the addition that was made by the Assessing Officer (AO)...

Cash Transaction for Property Registration: ITAT deletes Section 269SS Income Tax Penalty against...

Failure to Issue Income Tax Notice u/s 143(2) Fatal and not Curable u/s 292B: ITAT [Read Order]

AO cannot Change Valuation of Shares Method Selected u/s 56(2)(viib) r.w. Rule 11UA(2): ITAT [Read...

Disputed Transaction outside ambit of Income Tax Section 2(22)(e): ITAT directs AO to delete...

Huge Amount cannot be given to anybody for “Free”: ITAT upholds Addition of Gift [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the addition of a gift, stating that a huge amount cannot be given to anybody for free. The assessee also filed...

Investments with Co-operative Society eligible for Section 80P(2)(d) Deduction: ITAT [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that under Section 80P (2)(d), taxpayers are eligible for a deduction on interest and dividend income earned from...

ITAT deletes Penalty u/s 271D of Income Tax Act on Availability of Reasonable Cause to Prove Bonafide Act of Assessee [Read Order]

The Bangalore of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under section 271 D of the Income Tax Act, 1961 as it proved reasonable cause to treat the assessee as bonafide. The...

ITAT Allows Depreciation Claim by Purchaser under Income Tax on Excess Amount Paid Over & Above Net Asset Value of Seller's Business [Read Order]

The Bangalore Income Tax Appellate Tribunal ( ITAT ) held that once the department has accepted the capital gain offered by the seller upon transfer of its business, then said transaction cannot be...

Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part IV]

This half-yearly round-up analytically summarizes the key direct tax decisions of the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the first half of 2024. Income from...

Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part II]

This half-yearly round-up analytically summarizes the key direct tax decisions of the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the first half of 2024. ITAT allows Claim...

Payment by Indian Entity to its AE Abroad not 'FTS' in absence of availability of Technical Skill: ITAT rules in favour Herbalife International India [Read Order]

The Bangalore Income Tax Appellate Tribunal ( ITAT ) held that payment made by Assessee ( Indian entity ) to its foreign AE ( Parent entity ) for obtaining administrative services would not be...

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