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
![Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Amount-invested-purchase-of-house-daughters-name-eligible-exemption-section-54F-ITAT-Taxscan.jpeg "Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F: ITAT [Read Order]")
Amount Invested in Purchase of House in Daughter’s name eligible for Exemption under Section 54F: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the amount invested in purchase of house in daughter’s name is eligible for...
![ITAT deletes Capital Gain brought to tax under 50C [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Capital-Gain-Tax-50C-Taxscan.jpg "ITAT deletes Capital Gain brought to tax under 50C [Read Order]")
![Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Independent-building-residential-house-ITAT-deduction-on-account-long-term-Capital-Gain-Taxscan.jpg "Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]")
![Receipts from Unknown Sources Taxable as Other Income: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/other-income-ITAT-Unknown-Sources-Taxscan.jpg "Receipts from Unknown Sources Taxable as Other Income: ITAT upholds Addition [Read Order]")
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...
![Relief to Congress Leader N A Haris: ITAT directs AO to Re-Assess Income earned from FDs by examining Bank Statements [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-tax-correct-income-earned-FDs-examining-bank-statements-Taxscan.jpeg "Relief to Congress Leader N A Haris: ITAT directs AO to Re-Assess Income earned from FDs by examining Bank Statements [Read Order]")
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...
![Internal financial arrangements to Fund Expenditure can’t disentitle assessee to claim Employee benefit expenses, Depreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Internal-financial-arrangements-fund-expenditure-assessee-employee-benefit-expenses-depreciation-ITAT-Taxscan.jpg "Internal financial arrangements to Fund Expenditure can’t disentitle assessee to claim Employee benefit expenses, Depreciation: ITAT [Read Order]")
![Gain on Sale of Land is ‘Capital Gain’, liable for Deductions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Gain-on-Sale-of-Land-Capital-Gain-Deductions-ITAT-Taxscan.jpg "Gain on Sale of Land is ‘Capital Gain’, liable for Deductions: 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 are deductible expenditure. The assessee, Mr....
![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]")
![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]
In a significant ruling granting relief to the Life Insurance Corporation of India (LIC), the Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the corporation does not required to...
![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]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench remitted the matter to AO for re-computation of deduction allowable under section 10A of the Income Tax Act. The assessee company, Wipro...
![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]")