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
![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]")
Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that losses on account of exchange fluctuation on forward contracts are allowable as a...
![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]](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]](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]](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]")
ITAT directs AO to delete Transfer Pricing Adjustments by way of Royalty against Himalaya Drug Company [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench directed Assessing Officer to delete Transfer Pricing Adjustments by way of royalty against Himalaya Drug Company. The assessee, M/s. The...
![ITAT directs AO to delete Transfer Pricing Adjustments by way of Royalty against Himalaya Drug Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/ITAT-AO-Transfer-Pricing-Adjustments-Royalty-Himalaya-Drug-Company-Taxscan.jpg "ITAT directs AO to delete Transfer Pricing Adjustments by way of Royalty against Himalaya Drug Company [Read Order]")
CIT(A) ought to analyse nature of service undertaken by assessee and Taxation of fees for Technical Services: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while remitting the matter back to the CIT(A) ruled that the CIT(A) ought to analyse nature of service undertaken by assessee and taxation of...
![CIT(A) ought to analyse nature of service undertaken by assessee and Taxation of fees for Technical Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/CITA-ought-analyse-nature-service-undertaken-assessee-Taxation-of-fees-Technical-Services-ITAT-Taxscan.jpg "CIT(A) ought to analyse nature of service undertaken by assessee and Taxation of fees for Technical Services: ITAT [Read Order]")
Acer India can’t be fastened with liability to TDS retrospectively in respect of payments made for purchase of Licensed Software: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Acer India can not be fastened with liability to Tax Deducted at Source (TDS) retrospectively in respect of payments made for...
![Acer India can’t be fastened with liability to TDS retrospectively in respect of payments made for purchase of Licensed Software: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Acer-India-liability-TDS-Licensed-Software-payments-Purchase-Taxscan.jpeg "Acer India can’t be fastened with liability to TDS retrospectively in respect of payments made for purchase of Licensed Software: ITAT [Read Order]")
![TDS on LTA to Employees: ITAT deletes penalty for failure to deduct TDS against Canara Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-deletes-LTA-Employees-Penalty-failure-deduct-TDS-Syndicate-Bank-Canara-Bank-Taxscan.jpg "TDS on LTA to Employees: ITAT deletes penalty for failure to deduct TDS against Canara Bank [Read Order]")