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

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ITAT Hyderabad

ITAT Hyderabad

Explore the latest ITAT Hyderabad judgments, orders, and appellate decisions on direct tax matters from the Hyderabad bench of the Income Tax Appellate Tribunal

No Capital Gain Tax in JDA Execution Year without Consideration & with Limited Possession: ITAT [Read Order]

Navasree A.M

‘Where no consideration is received and possession is handed over only for limited purpose of development, no capital gains can be said to have ...

Trade Advances for Gold Purchase Not ‘Unexplained Credit’: ITAT Rules Creditworthiness Test Not...

Delay in Filing Form 10B Cannot Justify Denial When Report Was Available Before CPC Order: ITAT...

Notice u/s 148 Invalid as Seized Material Not an 'Asset' or 'Books of Account': ITAT Quashes...

Non-Payment of Self-Assessment Tax u/s 140A Renders Appeal Not Maintainable: ITAT Sets Aside...

Penalty u/s 221(1) Valid for Non-Payment of Admitted Tax Liability: ITAT [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) restored the penalty levied under Section 221(1) of the Income Tax Act, 1961, for the Assessment Year (AY) 2007-08 due to the...

ITAT Quashes S.148 Notices Due to Invalid Sanction and Failure to Satisfy S. 149(1)(b) Conditions [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment notices issued under Section 148 of the Income Tax Act for Assessment Years (AYs) 2015-16 to 2019-20 due to...

Mere Affidavits of Siblings cannot Substantiate Family Property Settlement Claim : ITAT Grants Final Chance to Justify Deposits [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), while partly allowing the appeal with regards to the cash deposits, observed that mere affidavits of siblings, without a proper...

TDS Disallowance u/s 40(a)(ia): ITAT Allows Rs. 23.67L Deduction, Sets Aside First Appellate Order [Read Order]

The Hyderabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed a deduction of Rs. 23,67,760 lakh under section 40(a)(ia) of Income Tax Act,1961 for Tax Deducted at Source (TDS) deposited ...

Technical dismissal of Appeal by FAA for ₹1.42Cr Loss Set-off Claim: ITAT restores to AO for Denovo Adjudication [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) set aside the First Appellate Authority’s (FAA) technical dismissal of appeal regarding disallowance of losses of ₹1.42 crore set...

Agricultural Receipts Treated as Unexplained Income u/s 68: ITAT Grants Opportunity to Substantiate Claim [Read Order]

The Hyderabad Bench of Income Tax Appellate Tribunal ( ITAT ) grants an opportunity to substantiate claim on agricultural receipts treated as unexplained income under section 68 of Income Tax...

Once Corporate Debtor is Sold as Going Concern, Only Claims Filed before Liquidator Survive: ITAT directs AO Re-examine Matter in Light of SC Ruling [Read Order]

The Hyderabad bench of Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer to re-examine the issue of outstanding tax claims of the income tax department against a corporate...