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
![Addition u/s 68 on Scrap Sale will invalidate Corresponding Sales and relevant Expenditure charged to Profit and Loss A/c: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Addition-Scrap-Sale-Profit-and-Loss-ITAT-TAXSCAN.jpg "Addition u/s 68 on Scrap Sale will invalidate Corresponding Sales and relevant Expenditure charged to Profit and Loss A/c: ITAT [Read Order]")
Addition u/s 68 on Scrap Sale will invalidate Corresponding Sales and relevant Expenditure charged to Profit and Loss A/c: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that addiction under section 68 of the Income Tax Act,1961on scrap sale will...
![Revised Income Tax Return filed not amount to Non-Filing of Return, Deny of Lower Tax Rate u/s 115BAA is not valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Revised-return-tax-rate-ITAT-taxscan.jpg "Revised Income Tax Return filed not amount to Non-Filing of Return, Deny of Lower Tax Rate u/s 115BAA is not valid: ITAT [Read Order]")
![Acceptance of Information by Assessee on Source of Cash Deposits by AO without enquiry: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Assessee-Cash-Deposits-AO-enquiry-ITAT-Revision-Order-taxscan.jpeg "Acceptance of Information by Assessee on Source of Cash Deposits by AO without enquiry: ITAT upholds Revision Order [Read Order]")
![Exemption u/s 80P is allowable, If delay in Filing Income Tax Return is condoned by Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Return-competent-authority-ITAT-taxscan.jpeg "Exemption u/s 80P is allowable, If delay in Filing Income Tax Return is condoned by Competent Authority: ITAT [Read Order]")
![Cash Payments made to Agriculturists are allowable, No Addition u/s 40A (3) sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-payments-agriculturists-ITAT-taxscan.jpeg "Cash Payments made to Agriculturists are allowable, No Addition u/s 40A (3) sustain: ITAT [Read Order]")
Relief to Infosys BPO Ltd: Training Fee paid to Non-Resident Professional not amount to FTS, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore, in a major relief to Infosys BPO ltd, held that the training fee paid by the assessee to a professional trainer would not amount to “fee for...
![Relief to Infosys BPO Ltd: Training Fee paid to Non-Resident Professional not amount to FTS, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-Bangalore-Infosys-BPO-Ltd-Training-Fee-FTS-ITAT-taxscan.jpeg "Relief to Infosys BPO Ltd: Training Fee paid to Non-Resident Professional not amount to FTS, rules ITAT [Read Order]")
Cash available out of Past Savings justifiable as Source of Unexplained Money u/s 69A: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the cash available out of past savings is justifiable as the source of unexplained money u/s 69 A of the Income Tax...
![Cash available out of Past Savings justifiable as Source of Unexplained Money u/s 69A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-savings-unexplained-money-ITAT-taxscan.jpg "Cash available out of Past Savings justifiable as Source of Unexplained Money u/s 69A: ITAT [Read Order]")
Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]
In a major relief to Google India, the Income Tax Appellate Tribunal (ITAT), Bangalore has quashed the orders and notices for TDS default as the same were barred by limitation. A bench comprising...
![Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Google-India-TDS-Default-Time-Barred-ITAT-taxscan.jpg "Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]")
Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore held that Interest paid on convertible debentures is not interest on equity and allowable as expenditure under Section 36(1)(iii). The only...
![Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-paid-convertible-debentures-interest-equity-expenditure-ITAT-taxscan.jpg "Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]")
![Demand to late fee u/s. 234E not sustainable for TDS filed before 1st June 2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Demand-late-fee-TDS-ITAT-taxscan.jpg "Demand to late fee u/s. 234E not sustainable for TDS filed before 1st June 2015: ITAT [Read Order]")
Capital Gain does not attract in case of permissive Possession in Immovable Property, not Taxable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench consisting of Beena Pillai, Judicial Member, and Laxmi Prasad Sahu, Accountant Member held that Capital Gain does not attract in case of...
![Capital Gain does not attract in case of permissive Possession in Immovable Property, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Capital-Gain-property-ITAT-taxscan.jpg "Capital Gain does not attract in case of permissive Possession in Immovable Property, not Taxable: ITAT [Read Order]")
Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that income tax deduction cannot be available for the interest paid on the delayed payment of TDS under section 201(1A) of the...
![Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-paid-TDS-Business-Expenditure-ITAT-Income-Tax-Deduction-taxscan.jpeg "Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]")