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
![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]")
Capital gain is to be taxed from the year JDA entered: ITAT confirms Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore has confirmed the addition of CIT(A) and held that capital gain is to be taxed from the year in...
![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]](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]](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]](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]")
Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]
In a recent ruling, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that, the Commissioner of Income Tax (Appeals) [CIT(A)] has erred in rejecting an appeal without due...
![Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Appeal-VSVS-Scheme-ITAT-taxscan.jpeg "Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]")
Agricultural Income assessed without due enquiry: ITAT upholds order of PCIT for Revision of Assessment [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT) comprising Judicial Member Beena Pillai and Accountant Member Chandra Poojari upheld the order of the Principal Commissioner of Income...
![Agricultural Income assessed without due enquiry: ITAT upholds order of PCIT for Revision of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Agricultural-Income-enquiry-ITAT-PCIT-Assessment-taxscan.jpeg "Agricultural Income assessed without due enquiry: ITAT upholds order of PCIT for Revision of Assessment [Read Order]")
Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]
Bangalore the Income Tax Appellate Tribunal (ITAT) has held that the disallowance u/s 14 A rws 8D of the Income Tax Act,1961 is not permissible when the assessee does not have exempt Income. M/s....
![Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-Assessee-Exempt-Income-ITAT-taxscan.jpg "Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]")