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
![Claim of FTC on Payment of Foreign Tax Rejected due to Late Filing of ROI: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-FTC-FTC-Claim-of-FTC-on-Payment-Payment-of-Foreign-Tax-due-to-Late-Filing-of-ROI-Late-Filing-of-ROI-ROI-ITAT-Income-Tax-ITAT-directs-re-adjudication-taxscan.jpg "Claim of FTC on Payment of Foreign Tax Rejected due to Late Filing of ROI: ITAT directs Re-Adjudication [Read Order]")
Claim of FTC on Payment of Foreign Tax Rejected due to Late Filing of ROI: ITAT directs Re-Adjudication [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) directed re-adjudication to the assessing officer for rejecting the claim of Foreign...
![ITAT confirms Penalty for Deliberate Concealment of Income u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-confirms-Penalty-for-Deliberate-Concealment-of-Income-ITAT-Penalty-Income-Concealment-of-Income-Taxscan.jpg "ITAT confirms Penalty for Deliberate Concealment of Income u/s 271(1)(c) [Read Order]")
![ITAT deletes Penalty u/s 271A for Estimation-Based Addition and Lack of Reference to Assessees Books [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Penalty-ITAT-Penalty-Estimation-Based-Addition-and-Lack-of-Reference-to-Assessees-Books-Estimation-Based-Addition-Addition-Assessees-Books-Taxscan.jpg "ITAT deletes Penalty u/s 271A for Estimation-Based Addition and Lack of Reference to Assessees Books [Read Order]")
![Failure to Produce Evidence as to Astronomical Agricultural Income: ITAT upholds Estimation of Income by AO as Other Source [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Evidence-Astronomical-Agricultural-Income-Agricultural-Income-Income-ITAT-upholds-Estimation-of-Income-ITAT-Estimation-of-Income-Other-Source-Taxscan.jpg "Failure to Produce Evidence as to Astronomical Agricultural Income: ITAT upholds Estimation of Income by AO as Other Source [Read Order]")
![Mere Furnishing of Income Tax Returns and Bank Statements without any Explanation for Deposits not Meet Requirements of S. 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Furnishing-of-Income-Tax-Returns-Income-Tax-Returns-Income-Tax-Bank-Statements-Deposits-ITAT-Taxscan.jpg "Mere Furnishing of Income Tax Returns and Bank Statements without any Explanation for Deposits not Meet Requirements of S. 68: ITAT [Read Order]")
Number of Cash Receipt received as per Cash Book are not Reflecting in Day Book: ITAT Upholds Addition [Read Order]
The Hyderabad Indore bench of Income Tax Appellate Tribunal (ITAT) has recently upheld the addition made by the Assessing Officer (AO) held that the number of cash receipts received as per cash book...
![Number of Cash Receipt received as per Cash Book are not Reflecting in Day Book: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Number-of-Cash-Receipt-received-as-per-Cash-Book-are-not-reflecting-in-Day-Book-ITAT-upholds-addition-TAXSCAN.jpg "Number of Cash Receipt received as per Cash Book are not Reflecting in Day Book: ITAT Upholds Addition [Read Order]")
Satisfaction u/s 151 of Income Tax Act is not Empty Formality: ITAT quashes Income Tax Addition made in Mechanical and Stereotyped Manner [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), observed that the satisfaction under Section 151 of the Income Tax Act is not an empty formality and quashed income tax addition made...
![Satisfaction u/s 151 of Income Tax Act is not Empty Formality: ITAT quashes Income Tax Addition made in Mechanical and Stereotyped Manner [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Satisfaction-us-151-of-Income-Tax-Act-is-not-Empty-Formality-ITAT-quashes-Income-Tax-Addition-made-in-Mechanical-and-Stereotyped-Manner-TAXSCAN.jpg "Satisfaction u/s 151 of Income Tax Act is not Empty Formality: ITAT quashes Income Tax Addition made in Mechanical and Stereotyped Manner [Read Order]")
No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the addition under Section 69C of the Income Tax Act, 1961 as explanation as to source of credit card payment was not...
![No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Source-of-Credit-Card-Payment-ITAT-upholds-Addition-ITAT-Credit-Card-Payment-Income-Tax-Act-Income-Tax-taxscan-.jpg "No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act [Read Order]")
Mistake not Apparent and Known to AO without In-Depth Analysis: ITAT upholds Rejection of Rectification Application [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the rejection of rectification application holding that the mistake was not apparent and known to Assessing Officer (AO) without...
![Mistake not Apparent and Known to AO without In-Depth Analysis: ITAT upholds Rejection of Rectification Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Mistake-Apparent-AO-In-Depth-Analysis-ITAT-upholds-Rejection-ITAT-Rejection-Rectification-Application-Rejection-of-Rectification-Application-taxscan.jpg "Mistake not Apparent and Known to AO without In-Depth Analysis: ITAT upholds Rejection of Rectification Application [Read Order]")
Once existence of Goodwill established, Depreciation on such goodwill cannot be questioned: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that depreciation on goodwill could not be questioned once the existence of goodwill had been established. The assessee, Blujay...
![Once existence of Goodwill established, Depreciation on such goodwill cannot be questioned: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Goodwill-existence-of-Goodwill-established-Depreciation-ITAT-Depreciation-on-such-goodwill-cannot-be-questioned-taxscan.jpg "Once existence of Goodwill established, Depreciation on such goodwill cannot be questioned: ITAT [Read Order]")
![AO Justified in Rectification of Apparent Error Instead of Substituting the Same: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/AO-Justified-in-Rectification-Rectification-of-Apparent-Error-Rectification-Apparent-Error-ITAT-taxscan.jpg "AO Justified in Rectification of Apparent Error Instead of Substituting the Same: ITAT [Read Order]")
Meritorious Case cannot be Thrown out at Threshold, When Proper Documents are Produced: ITAT [Read Order]
The Hyderabed Bench of Income Tax Appellate Tribunal (ITAT) has held that a meritorious case could not be thrown at threshold when proper documents are produced. Assessee Narasimha Rao Venkata...
![Meritorious Case cannot be Thrown out at Threshold, When Proper Documents are Produced: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Meritorious-Case-cannot-be-Thrown-out-at-Threshold-When-Proper-Documents-are-Produced-ITAT-TAXSCAN.jpg "Meritorious Case cannot be Thrown out at Threshold, When Proper Documents are Produced: ITAT [Read Order]")