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
![Non-mentioning of DIN invalidates Revision Order for Violation of Procedure given in CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/DIN-CBDT-Revision-Order-CBDT-Circular-ITAT-taxscan.jpg "Non-mentioning of DIN invalidates Revision Order for Violation of Procedure given in CBDT Circular: ITAT [Read Order]")
Non-mentioning of DIN invalidates Revision Order for Violation of Procedure given in CBDT Circular: ITAT [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal ( ITAT ) has recently held that non-mentioning of Document Identification Number (DIN) as per...
![Deposit of Gold Jewellery by Family members of Partners amount to Stock in Trade of the Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Deposit-of-Gold-Jewellery-by-Family-members-of-Partners-amount-to-Stock-in-Trade-of-the-Firm-ITAT-TAXSCAN.jpg "Deposit of Gold Jewellery by Family members of Partners amount to Stock in Trade of the Firm: ITAT [Read Order]")
![Cash Receipt of Less than Rs. 2L from different Persons on different Dates would not attract S. 269ST of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Receipt-of-Less-Different-Persons-on-Different-Dates-would-not-attract-of-Income-Tax-Act-ITAT-deletes-Penalty-TAXSCAN.jpg "Cash Receipt of Less than Rs. 2L from different Persons on different Dates would not attract S. 269ST of Income Tax Act: ITAT deletes Penalty [Read Order]")
![Capital gain is to be taxed from the year JDA entered: ITAT confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-gain-is-to-be-taxed-from-the-year-JDA-entered-ITAT-confirms-Addition-TAXSCAN.jpg "Capital gain is to be taxed from the year JDA entered: ITAT confirms Income Tax Addition [Read Order]")
![CIT to Exercise Revisional Power u/s 263 only When AOs Order is Erroneous and Prejudicial to the Interest of the Revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CIT-Order-Interest-Revenue-ITAT-taxscan.jpg "CIT to Exercise Revisional Power u/s 263 only When AOs Order is Erroneous and Prejudicial to the Interest of the Revenue: ITAT [Read Order]")
Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV Scheme: ITAT [Read Order]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT), held that Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV scheme. The assessee,Pavan...
![Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revision-proceedings-DTVSV-ITAT-TAXSCAN.jpg "Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV Scheme: ITAT [Read Order]")
Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore, has recently while deciding an appeal filed before it by an assessee, held that net profit margin arising in comparable uncontrolled...
![Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Net-Profit-Margin-International-Transactions-Transactions-ITAT-taxscan.jpg "Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]")
Relief to HP: ITAT allows Deduction on ESOP Cross Charges paid to Overseas Ultimate Holding Company, allowable as Expenditure [Read Order]
While granting relief to M/s. Hewlett Packard (India) Software Operation Pvt Ltd (HP) the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), held that Employee Stock Option Plan (ESOP)paid...
![Relief to HP: ITAT allows Deduction on ESOP Cross Charges paid to Overseas Ultimate Holding Company, allowable as Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/HP-ITAT-Deduction-ESOP-Company-Expenditure-taxscan.jpg "Relief to HP: ITAT allows Deduction on ESOP Cross Charges paid to Overseas Ultimate Holding Company, allowable as Expenditure [Read Order]")
Retail Trading and Wholesale Trading Companies have to consider separately while deciding Comparables: ITAT rules in favour of Puma [Read Order]
In a ruling in favour of Puma, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that Retail trading and wholesale trading companies have to consider separately while deciding...
![Retail Trading and Wholesale Trading Companies have to consider separately while deciding Comparables: ITAT rules in favour of Puma [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Retail-Trading-Wholesale-Trading-Companies-ITAT-Puma-taxscan.jpg "Retail Trading and Wholesale Trading Companies have to consider separately while deciding Comparables: ITAT rules in favour of Puma [Read Order]")
Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT )has held that the provision for liquidated damages is an ascertained liability and is allowable as a deduction from Income. SKF...
![Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Liquidated-Damages-Income-Tax-Deduction-ITAT-taxscan.jpg "Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]")
![Leave Encashment paid as per Section 43B (f) of Income Tax Act: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Leave-Encashment-Income-Tax-Act-ITAT-Deduction-taxscan.jpg "Leave Encashment paid as per Section 43B (f) of Income Tax Act: ITAT allows Deduction [Read Order]")
Enhancing Book Profit for amount disallowed u/s14A not a mistake apparent on record, cannot be rectified by Rectification Order: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Enhancing book profit for amount disallowed under Section 14A of the Income Tax, 1961 is not a mistake apparent on record, cannot...
![Enhancing Book Profit for amount disallowed u/s14A not a mistake apparent on record, cannot be rectified by Rectification Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/rectification-order-ITAT-TAXSCAN.jpg "Enhancing Book Profit for amount disallowed u/s14A not a mistake apparent on record, cannot be rectified by Rectification Order: ITAT [Read Order]")