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
![Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Partnership-Firm.jpg "Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]")
Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore, has ruled that that Interest on funds borrowed for investment as capital in a partnership firm...
![ITAT deletes Penalty on Undisclosed Income as Search wasn’t initiated [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Undisclosed-Income-Search-ITAT-Penalty-Income-taxscan.jpg "ITAT deletes Penalty on Undisclosed Income as Search wasn’t initiated [Read Order]")
![Cash Medical Benefit to LIC Employees does not attract TDS: ITAT grants relief to LIC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Cash-Medical-Benefit-LIC-Employees-TDS-ITAT-LIC-Taxscan.jpg "Cash Medical Benefit to LIC Employees does not attract TDS: ITAT grants relief to LIC [Read Order]")
![Relief to Wipro: ITAT remitts the matter to AO for re-computation of deduction allowable u/s 10A [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Wipro-ITAT-AO-deduction-Taxscan.jpg "Relief to Wipro: ITAT remitts the matter to AO for re-computation of deduction allowable u/s 10A [Read Order]")
![Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Losses-account-exchange-fluctuation-forward-contracts-deduction-ITAT-taxscan.jpg "Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]")
![Capital Gain Deduction allowable for Purchase of House Property Abroad: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Capital-Deduction-Purchase-House-Property-Abroad-ITAT-Taxscan.jpg "Capital Gain Deduction allowable for Purchase of House Property Abroad: ITAT [Read Order]")
ITAT directs Assessing Officer to re-adjudicate matter of Wipro GE Healthcare in respect of Transfer Pricing addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench directed AO to adjudicate the matter of Wipro GE Healthcare in respect of transfer pricing addition. The Assessee, Wipro GE Healthcare...
![ITAT directs Assessing Officer to re-adjudicate matter of Wipro GE Healthcare in respect of Transfer Pricing addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-AO-re-adjudicete-matter-Wipro-GE-Healthcare-transfer-pricing-addition-Taxscan.jpg "ITAT directs Assessing Officer to re-adjudicate matter of Wipro GE Healthcare in respect of Transfer Pricing addition [Read Order]")
ITAT quashes Final assessment order passed by AO without a draft assessment order against Tally [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the final assessment order passed by AO without a draft assessment order is to be quashed. The assessee, M/s.Tally Solutions...
![ITAT quashes Final assessment order passed by AO without a draft assessment order against Tally [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-Final-assessment-order-AO-draft-assessment-order-Tally-Taxscan-1.jpeg "ITAT quashes Final assessment order passed by AO without a draft assessment order against Tally [Read Order]")
Setback to Himalaya: ITAT confirms disallowance of Advertisement Expenses relating to Construction of Swimming Pool [Read Order]
The Income Tax Appellate Tribunal (ITAT), bangalore confirmed the disallowance of advertisement expenses relating to the construction of the swimming pool. The AO noticed that the assessee firm,...
![Setback to Himalaya: ITAT confirms disallowance of Advertisement Expenses relating to Construction of Swimming Pool [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Himalaya-Swimming-Pool-ITAT-ITAT-Bangalore-Advertisement-Expenses-Taxscan.jpg "Setback to Himalaya: ITAT confirms disallowance of Advertisement Expenses relating to Construction of Swimming Pool [Read Order]")
Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that foreign exchange fluctuation should be treated as operating profit/loss while computing the profit margin. The assessee, M/s....
![Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Foreign-exchange-fluctuation-operating-profit-profit-margin-ITAT-Taxscan.jpg "Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]")
![No TDS applicable on Reimbursement of actual Cab expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/TDS-applicable-Reimbursement-Cab-expenses-ITAT-Taxscan.jpg "No TDS applicable on Reimbursement of actual Cab expenses: ITAT [Read Order]")
ITAT confirms disallowance against Nike India: Burden of Expenditure for New Product Samples is on manufacturer, Wholesaler can’t claim Tax benefit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the burden of expenditure for new product samples is on the manufacturer, so the wholesaler can not claim the tax benefit. The...
![ITAT confirms disallowance against Nike India: Burden of Expenditure for New Product Samples is on manufacturer, Wholesaler can’t claim Tax benefit [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Nike-India-ITAT-Tax-Benefits-Expenditure-Taxscan.jpg "ITAT confirms disallowance against Nike India: Burden of Expenditure for New Product Samples is on manufacturer, Wholesaler can’t claim Tax benefit [Read Order]")