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
![Common Interest received on Deposits with Co-Operative Bank as Income is not Eligible for Deduction u/s.80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Common-interest-received-on-deposits-Co-operative-Bank-as-income-is-not-eligible-for-deduction-ITAT-TAXSCAN.jpg "Common Interest received on Deposits with Co-Operative Bank as Income is not Eligible for Deduction u/s.80P(2)(d): ITAT [Read Order]")
Common Interest received on Deposits with Co-Operative Bank as Income is not Eligible for Deduction u/s.80P(2)(d): ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) held that the common interest received on deposits with co-operative Bank as income is...
![Violation of Procedural Norm does not Extinguish Substantive Right to Claim FTC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Violation-of-Procedural-Norm-Claim-FTC-ITAT-taxscan.jpg "Violation of Procedural Norm does not Extinguish Substantive Right to Claim FTC: ITAT [Read Order]")
![Salary Reimbursement for Seconded Employee Not Taxable as FTS under India-US DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Salary-Reimbursement-for-Seconded-Employee-Taxable-FTS-under-India-US-DTAA-ITAT-TAXSCAN.jpg "Salary Reimbursement for Seconded Employee Not Taxable as FTS under India-US DTAA: ITAT [Read Order]")
![Toyota Gets Partial Relief as ITAT Orders Investigation into Capitalized Expenses for Transfer Pricing Adjustment Computation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Toyota-Gets-Partial-ITAT-Orders-Investigation-into-Capitalized-Expenses-for-Transfer-Pricing-Adjustment-Computation-TAXSCAN.jpg "Toyota Gets Partial Relief as ITAT Orders Investigation into Capitalized Expenses for Transfer Pricing Adjustment Computation [Read Order]")
![Belated Remittances Towards Employees Contribution to EPF & ESI: ITAT sustains Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Belated-Remittances-Towards-Employees-Contribution-to-EPF-ESI-Employees-Contribution-to-EPF-ESI-Employees-Contribution-EPF-ESI-ITAT-sustains-Disallowance-ITAT-Disallowance-Taxscan.jpg "Belated Remittances Towards Employees Contribution to EPF & ESI: ITAT sustains Disallowance [Read Order]")
![ITAT Quashes Invalid Penalty Order on Deceased Assessee u/s 159(2) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Quashes-Invalid-Penalty-Order-Deceased-Assessee-us-1592-of-Income-Tax-Act-TAXSCAN.jpg "ITAT Quashes Invalid Penalty Order on Deceased Assessee u/s 159(2) of Income Tax Act [Read Order]")
![ESOP Expenses Eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ESOP-Expenses-Expenses-ESOP-Deduction-ESOP-Expenses-Eligible-for-Deduction-Income-Tax-Act-Income-Tax-taxscan.jpg "ESOP Expenses Eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
Relief to Canara Bank-Bad Debt written off be First Adjusted Against Credit Balance and only Excess be Claimed as Deduction: ITAT deletes Disallowance u/s 36(1)(vii)
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Canara Bank by deleting the disallowance under Section 36(1)(vii) of the Income Tax Act, 1961 holding that bad...
ITAT deletes Penalty u/s 271B of Income Tax Act for Bonafide Belief on Treating Gross Commission as Turnover [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty under Section 271B of the Income Tax Act 1961, imposed on assessee for bonafide belief of treating gross commission...
![ITAT deletes Penalty u/s 271B of Income Tax Act for Bonafide Belief on Treating Gross Commission as Turnover [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Penalty-us-271B-of-Income-Tax-Act-Treating-Gross-Commission-Turnover-TAXSCAN.jpg "ITAT deletes Penalty u/s 271B of Income Tax Act for Bonafide Belief on Treating Gross Commission as Turnover [Read Order]")
Addition on unaccounted Cash based on Deposit During Demonetisation Period: ITAT directs Assessee to Establish Genuineness of Money [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench in a matter of addition to unaccounted cash based on deposits during demonetisation directed the assessee to establish the genuineness of...
![Addition on unaccounted Cash based on Deposit During Demonetisation Period: ITAT directs Assessee to Establish Genuineness of Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deposit-unaccounted-Cash-based-on-Deposit-unaccounted-Cash-Demonetisation-Period-ITAT-Genuineness-of-Money-taxscan-1.jpeg "Addition on unaccounted Cash based on Deposit During Demonetisation Period: ITAT directs Assessee to Establish Genuineness of Money [Read Order]")
Bad debts allowable as Deduction u/s 36(1)(vii) of Income Tax Act: ITAT allows Bank of Baroda's Plea [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that bad debts are allowable as a deduction under section 36(1)(vii) of the Income Tax Act, 1961. M/s. Bank of Baroda, the...
![Bad debts allowable as Deduction u/s 36(1)(vii) of Income Tax Act: ITAT allows Bank of Barodas Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bad-debts-allowable-as-Deduction-Bad-debts-Deduction-Income-Tax-Act-Income-Tax-ITAT-allows-Bank-of-Barodas-Plea-ITAT-Bank-of-Barodas-Plea-Bank-of-Baroda-taxscan.jpg "Bad debts allowable as Deduction u/s 36(1)(vii) of Income Tax Act: ITAT allows Bank of Barodas Plea [Read Order]")
Deduction on Cost of Building not Allowable under 'Capital Gain' when Value of Building is not Mentioned in Fixed Assets’ Schedule: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has recently, in an appeal filed before it, held that deduction on cost of building is not allowable under the head ‘capital gain’, when the...
![Deduction on Cost of Building not Allowable under Capital Gain when Value of Building is not Mentioned in Fixed Assets’ Schedule: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-on-Cost-of-Building-Deduction-Cost-of-Building-Capital-Gain-Value-of-Building-Fixed-Assets-Fixed-Assets-Schedule-ITAT-taxscan.jpg "Deduction on Cost of Building not Allowable under Capital Gain when Value of Building is not Mentioned in Fixed Assets’ Schedule: ITAT [Read Order]")