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
![Failure to make a note in file of person searched does not vitiate proceedings u/s 153C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-Bangalore-vitiate-proceedings-Income-Tax-Appellate-Tribunal-Tax-news-taxscan.jpg "Failure to make a note in file of person searched does not vitiate proceedings u/s 153C of Income Tax Act: ITAT [Read Order]")
Failure to make a note in file of person searched does not vitiate proceedings u/s 153C of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) observed that failure to make a note in file of person searched does not vitiate...
![Unaccounted Money is Eligible for Deduction u/S 80IB(10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Bangalore-Income-Tax-Unaccounted-Money-Tax-deduction-of-unaccounted-money-Unaccounted-money-deduction-Deduction-TAXSCAN.jpg "Unaccounted Money is Eligible for Deduction u/S 80IB(10) of Income Tax Act: ITAT [Read Order]")
![ITAT allows Claim of Deduction u/S 80 C of Income Tax Act Interest on Housing Loan Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-Bangalore-Interest-on-Housing-Loan-Property-Claim-of-Deduction-Housing-Loan-Property-taxscan.jpg "ITAT allows Claim of Deduction u/S 80 C of Income Tax Act Interest on Housing Loan Property [Read Order]")
![ITAT deletes calculation made by AO on cost of funds by applying 15% flat rate on ad-hoc basis on interest income earned by cooperative society [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Bangalore-cooperative-society-ITAT-deletes-calculation-TAXSCAN.jpg "ITAT deletes calculation made by AO on cost of funds by applying 15% flat rate on ad-hoc basis on interest income earned by cooperative society [Read Order]")
![No prudent man will retain a sum for long period to redeposit in account: ITAT upholds addition made u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-bangalore-redeposit-in-account-income-tax-act-ITAT-ruling-on-sum-redeposit-in-account-ITAT-decision-on-long-term-sum-retention-taxscan.jpg "No prudent man will retain a sum for long period to redeposit in account: ITAT upholds addition made u/s 69A of Income Tax Act [Read Order]")
Cash Deposits made during Demonetization are out of Business receipt of bar and Restaurant: ITAT remands matter for consideration [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded the matter for consideration, stating that cash deposits made during demonetization are sourced from the business...
![Cash Deposits made during Demonetization are out of Business receipt of bar and Restaurant: ITAT remands matter for consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-bangalore-Demonetization-cash-deposits-Cash-deposit-scrutiny-for-bars-and-restaurants-Demonetization-impact-on-restaurants-cash-deposits-taxscan.jpg "Cash Deposits made during Demonetization are out of Business receipt of bar and Restaurant: ITAT remands matter for consideration [Read Order]")
ITAT directs readjudication on interest in respect of loans which have become Non-Performing Assets [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore bench directed readjudication on interest in respect of loans which have become Non Performing Assets. The assessee, Belur Urban Co-operative...
![ITAT directs readjudication on interest in respect of loans which have become Non-Performing Assets [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Bangalore-Non-performing-assets-ITAT-directs-readjudication-on-interest-Interest-Loans-TAXSCAN.jpg "ITAT directs readjudication on interest in respect of loans which have become Non-Performing Assets [Read Order]")
Delay of 10 years in carrying out verification by AO: ITAT grants Capital Gain Exemption on tansfer of Residential Property [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) granted an exemption on capital gains related to the transfer of a residential property, despite a 10-year delay in the verification...
![Delay of 10 years in carrying out verification by AO: ITAT grants Capital Gain Exemption on tansfer of Residential Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-bangalore-Capital-Gain-Exemption-Transfer-of-Residential-Property-Capital-gains-exemption-for-delayed-verification-Taxscan.jpg "Delay of 10 years in carrying out verification by AO: ITAT grants Capital Gain Exemption on tansfer of Residential Property [Read Order]")
![ITAT Annual Digest [Part 73]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-ITAT-Annual-Digest-ITAT-Stories-Tax-tribunal-updates-Income-Tax-Appellate-Tribunal-taxscan.jpg "ITAT Annual Digest [Part 73]")
![ITAT Annual Digest [Part 72]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-ITAT-Annual-Digest-2023-ITAT-judgments-ITAT-case-analysis-2023-Income-Tax-Appellate-Tribunal-taxscan-1.jpg "ITAT Annual Digest [Part 72]")
Sale Receipts already recorded as Income or Loss at time of Sale is Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) observed that the Sale receipts already recorded as income or loss at time of sale was unexplained cash credit under Section 68 of...
![Sale Receipts already recorded as Income or Loss at time of Sale is Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Sale-Receipts-recorded-Income-or-Loss-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-TAXSCAN.jpg "Sale Receipts already recorded as Income or Loss at time of Sale is Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
![ITAT Annual Digest [Part 70]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-ITAT-Annual-Digest-2023-ITAT-case-analysis-Tax-tribunal-updates-Income-Tax-Appellate-Tribunal-TAXSCAN-1.jpg "ITAT Annual Digest [Part 70]")