ITAT Bangalore Judgments, Orders & News | Income Tax Appellate Tribunal

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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

Levy of Interest u/s 234E has no Retrospective Effect: ITAT deletes Proceedings[Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the levy of interest under section 234-E of the Income Tax Act was illegal for...

ITAT further extends stay of collection of outstanding Tax demand against Google India for a period...

Relief to Shilpa Medicare: ITAT allows Deduction for Expenditure incurred on Research and...

Peak Credit Theory to be considered before treating the Cash Deposit as Unexplained Cash Credits:...

Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F:...

ITAT deletes Capital Gain brought to tax under 50C [Read Order]

The Income Tax Appellate Tribunal (ITAT) Bangalore, has deleted an addition made by the revenue department under section 50C of the Income Tax Act. The assessee, Ayi Vaman Narasimha Acharya, filed...

Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench allowed the deduction on account of long-term Capital Gain. The assessee, Halesh K.C. along with other family members had sold an...

Receipts from Unknown Sources Taxable as 'Other Income': ITAT upholds Addition [Read Order]

The Income Tax Appellate Tribunal (ITAT) Bangalore, has ruled that unexplained deposit into bank account are taxable as “other income” under section 68 of the Income Tax Act, 1961. The assessee,...

Another Woman-friendly Judgment from Tax Tribunal: ITAT grants Exemption Amount invested in the purchase of residential housing in widowed Daughter’s name

The Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that amount invested in purchase of residential house in daughter’s name is eligible for exemption under section 54F of the Income Tax...

Relief to Congress Leader N A Haris: ITAT directs AO to Re-Assess Income earned from FDs by examining Bank Statements [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench directed the AO to bring on tax correct income earned from Fixed Deposits by examining bank statements. The assessee, N.A. Haris contended...

Internal financial arrangements to Fund Expenditure can’t disentitle assessee to claim Employee benefit expenses, Depreciation: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that internal financial arrangements to fund expenditure can not disentitle assessee to claim employee benefit expenses and...

Gain on Sale of Land is ‘Capital Gain’, liable for Deductions: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Bangalore, held that the gain on sale of land is to be regarded as income under the head “capital gain” and is therefore entitled to all the deductions...

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