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ITAT Hyderabad

NHAI Grant Not Deductible from Project Cost: ITAT Upholds Deletion of ₹43.43 Crore Depreciation Disallowance [Read Order]

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The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld deletion of the disallowance of Rs. 43.43 crore as depreciation and...

Form 67 Filed in Time Under Amended R. 128(9): ITAT Allows ₹49.65 Lakh FTC [Read Order]

Taxpayer's Statement Validates Dumb Document Found During Search: ITAT Upholds Unexplained...

Only Registered Sale Agreements Eligible of Capital Gain Exemption u/s 54: ITAT says Unregistered...

Relief for Mahindra University: ITAT Quashes Rejection of 80G Approval, Orders Fresh Review by...

Two Income Tax Notice issued by CIT(A) in one Week amounts to Gross Violation of Opportunity to respond: ITAT Allows appeal of Geovista Technology LTD [Read Order]

In a recent case, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) viewed that two income tax notices issued by the Commissioner of Income Tax (CIT(A)) in one week amount to gross...

ITAT Quashes Assessment Orders on Grounds of Invalid Special Audit Reference: Allows Appeals of Legal Heirs [Read Order]

The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has quashed assessment orders passed against late Laxman Rao Banapuram for the assessment years 2014–15 and 2015–16, holding that the ...

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

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) instructed the Assessing Officer to reassess Satyam-Tech Mahindra's income for Assessment Year (AY) 2003-09 based on revised...

Interest on Fixed Deposits Not Business Income: ITAT upholds 10AA Deduction Denial for SEZ unit [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the denial of deduction under Section 10AA to a Special Economic Zone (SEZ) unit, ruling that interest income earned from...

Transfer Pricing adjustment unwarranted u/s 92BA If Deduction Not claimed u/s 80IA: ITAT Deletes Addition [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that where no deduction is claimed under Section 80IA of the Income Tax Act, 1961, the transfer pricing adjustments under...

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

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded a matter involving Long-Term Capital Gain (LTCG) addition of Rs. 4.73 crore after the assessee claimed that he was not the...

AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer Fails to Prove Source [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) confirmed Rs. 48,000 as assessee failed to prove source of deposits in the case where the Assessing Officer (AO) had made an addition...