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
![Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Karnataka-Vikas-Grameena-Bank-ITAT-Deduction-Income-from-Co-operative-Society-taxscan.jpg "Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society [Read Order]")
Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), granted relief to Karnataka Vikas Grameena Bank and allowed deduction on income from...
![Set Back to Toyota Kirloskar: ITAT rejects Depreciation on provisional basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Toyota-Kirloskar-ITAT-Set-Back-to-Toyota-Kirloskar-Income-Tax-ITAT-rejects-Depreciation-Depreciation-Depreciation-on-provisional-basis-taxscan.jpg "Set Back to Toyota Kirloskar: ITAT rejects Depreciation on provisional basis [Read Order]")
![Relief to Infosys: ITAT directs to delete Income Tax Addition of SEZ Book Profits u/s. 115JB [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Infosys-ITAT-Income-Tax-Addition-of-SEZ-Book-Profits-Income-Tax-Addition-Income-Tax-taxscan.jpg "Relief to Infosys: ITAT directs to delete Income Tax Addition of SEZ Book Profits u/s. 115JB [Read Order]")
![ITAT deletes Income Tax Addition u/s 68 When Assessee submitted Corroborative Evidence related to Creditors [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-deletes-Income-Tax-Addition-ITAT-Income-Tax-Addition-Income-Tax-Corroborative-Evidence-Creditors-Assessee-Taxscan.jpg "ITAT deletes Income Tax Addition u/s 68 When Assessee submitted Corroborative Evidence related to Creditors [Read Order]")
![Relief to Infosys: ITAT deletes Disallowance on Brand building Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Infosys-ITAT-Brand-building-Expenditure-Brand-building-taxscan.jpg "Relief to Infosys: ITAT deletes Disallowance on Brand building Expenditure [Read Order]")
Failure to pay within due date under PF Act will be Negating Employer's claim for Deduction permanently forever u/s.36(1)(va): ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that failure to pay within due date under Provident Fund (PF) Act will be negating the employer's claim for deduction...
![Failure to pay within due date under PF Act will be Negating Employers claim for Deduction permanently forever u/s.36(1)(va): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/PF-Act-PF-Employer-claim-Deduction-ITAT-Taxscan.jpg "Failure to pay within due date under PF Act will be Negating Employers claim for Deduction permanently forever u/s.36(1)(va): ITAT [Read Order]")
Estimation of Value of Assets by VO u/s. 142A of Income Tax Act Not Applicable on Purchase of Ready Built House by Assessee: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of section 142A of the Income Tax Act, 1961 regarding the estimation of value of assets by a Valuation...
![Estimation of Value of Assets by VO u/s. 142A of Income Tax Act Not Applicable on Purchase of Ready Built House by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Value-of-Assets-Income-Tax-Income-Tax-Act-Purchase-of-Ready-Built-House-ITAT-taxscan.jpg "Estimation of Value of Assets by VO u/s. 142A of Income Tax Act Not Applicable on Purchase of Ready Built House by Assessee: ITAT [Read Order]")
Relief to United Breweries, Disallowance u/s 14A restricted to Exempt Income earned by Assessee: ITAT [Read Order]
As a relief to United Breweries, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under section 14A of the Income Tax Act,1961 is restricted to exempt...
![Relief to United Breweries, Disallowance u/s 14A restricted to Exempt Income earned by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/United-Breweries-Exempt-Income-ITAT-Taxscan.jpg "Relief to United Breweries, Disallowance u/s 14A restricted to Exempt Income earned by Assessee: ITAT [Read Order]")
Foreign Currency is not a ‘Commodity’, Income Tax Addition based on Speculative Transactions not permissible: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that foreign currency is not a “commodity” and that addition based on the speculative transaction is not permissible. ...
![Foreign Currency is not a ‘Commodity’, Income Tax Addition based on Speculative Transactions not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Foreign-Currency-Commodity-Income-Tax-Addition-Income-Tax-Tax-Speculative-Transactions-ITAT-Taxscan.jpg "Foreign Currency is not a ‘Commodity’, Income Tax Addition based on Speculative Transactions not permissible: ITAT [Read Order]")
![No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-TDS-applicable-Payment-Interest-Co-operative-Bank-ITAT-Taxscan.jpg "No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]")
Unfinished Building is 'Capital Asset', subject to Income Tax on Sale along with Land: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), while dismissing a second appeal by the assessee, held that an unfinished building is included within the meaning of “capital asset”...
![Unfinished Building is Capital Asset, subject to Income Tax on Sale along with Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Unfinished-Building-Capital-Asset-Income-Tax-Sale-Land-ITAT-taxscan.jpg "Unfinished Building is Capital Asset, subject to Income Tax on Sale along with Land: ITAT [Read Order]")
Habitual Default of Non-filing of Income Tax Returns despite having Taxable Income: ITAT Upholds Penalty [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the non-filing of income tax returns for a period of four years despite having taxable income would attract penalty under...
![Habitual Default of Non-filing of Income Tax Returns despite having Taxable Income: ITAT Upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Habitual-Income-Tax-Returns-Taxable-Income-ITAT-Penalty-TAXSCAN.jpg "Habitual Default of Non-filing of Income Tax Returns despite having Taxable Income: ITAT Upholds Penalty [Read Order]")