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ITAT Hyderabad

SATYAM SCAM: ITAT Orders Fresh Assessment for Tech Mahindra based on Telangana HC Verdict [Read Order]

Nandan GK

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) instructed the Assessing Officer to reassess Satyam-Tech Mahindra's income for...

Interest on Fixed Deposits Not Business Income: ITAT upholds 10AA Deduction Denial for SEZ unit...

Transfer Pricing adjustment unwarranted u/s 92BA If Deduction Not claimed u/s 80IA: ITAT Deletes...

Taxpayer Not Property Owner, Only POA Holder: ITAT Remands Rs. 4.73 Crore LTCG Addition Matter [Read...

AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer...

Disallowance of Depreciation on Goodwill: ITAT Upholds Claim as Intangible Asset Eligible u/s 32 [Read Order]

The Hyderabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the depreciation claim on goodwill, affirming it as an intangible asset eligible under Section 32 of Income Tax Act,1961. The...

Disallowance of Interest on Loan for Share Acquisition: ITAT Upholds Deduction as Business Expense [Read Order]

The Hyderabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the deduction of interest on a loan taken for share acquisition, recognizing it as a business expense. The Revenue-appellant...

Employees’ PF & ESI Contribution Disallowed if Paid After Due Date: ITAT [Read Order]

The Hyderabad Bench of Income Tax Appellate Tribunal(ITAT)ruled that employees’ Provident Fund(PF) and Employees State Insurance(ESI) contributions are not deductible if paid after the due date...

Lack of awareness of Income Tax assessment proceedings u/s 148: ITAT remands matter with penalty [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter directing the Commissioner of Income Tax (Appeals) [CIT(A)] to reconsider additional evidence for additions made...

AO adds Rs. 3.56 crore as Non disclosed transactions: ITAT restores matter for reconsideration to CIT(A) with penalty

The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has restored the appeal to the Commissioner of Income Tax (Appeals) [CIT(A)] in an undisclosed transactions case with a penalty of...

ITAT Upholds CIT(A)’s Deletion of S.14A Disallowance Due to No Exempt Income [Read Order]

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) upheld Commissioner of Income Tax (Appeals) [CIT(A)]’s deletion of disallowance under Section 14A of Income Tax Act, 1961, ruling that the...

Discrepancy in Net Profit Figures: ITAT Quashes Pr. CIT’s Revision Order due to Prior AO Inquiry [Read Order]

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) quashed the revision order passed by the Principal Commissioner of Income Tax (Pr. CIT) under Section 263, citing that the Assessing...