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
![Penalty u/s 271AAC is not Applicable, if Tax u/s 115BBE of Income Tax Act is NIL: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Tax-Income-Tax-Act-ITAT-directs-Readjudication-ITAT-ITAT-Readjudication-Taxscan.jpg "Penalty u/s 271AAC is not Applicable, if Tax u/s 115BBE of Income Tax Act is NIL: ITAT directs Readjudication [Read Order]")
Penalty u/s 271AAC is not Applicable, if Tax u/s 115BBE of Income Tax Act is NIL: ITAT directs Readjudication [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT), while directing re-adjudication observed that penalty under Section 271AAC Income Tax...
![Unsecured FCCDs issued to Holding Companies for Business Operations in India are Debts, not Equity Instruments: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Unsecured-FCCDs-FCCD-Holding-Companies-Business-Operations-Holding-Companies-for-Business-Operations-Business-Operations-in-India-Business-Operations-in-India-are-Debts-Debts-ITAT-taxscan.jpg "Unsecured FCCDs issued to Holding Companies for Business Operations in India are Debts, not Equity Instruments: ITAT [Read Order]")
![No Evidence Linking Instances of TDS Deduction with Unconsumed Challan: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/TDS-deduction-TDS-Unconsumed-challan-ITAT-Readjudication-taxscan.jpg "No Evidence Linking Instances of TDS Deduction with Unconsumed Challan: ITAT directs Readjudication [Read Order]")
![Incriminating Statements by Third Parties Cannot Be Used for Addition in Income Tax Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Incriminating-Statements-by-Third-Parties-Incriminating-Statements-Income-Tax-Assessment-ITAT-taxscan.jpg "Incriminating Statements by Third Parties Cannot Be Used for Addition in Income Tax Assessment: ITAT [Read Order]")
Provision of S.56(2)(viia) of IT Act shall apply to Underlying Investments Received by Amalgamated Entity on Account of Merger: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has recently held that the provision of Section 56(2)(viia) of the Income Tax Act, 1961 shall apply to underlying investments received by...
Production of Foundation Seeds amounts to 'Agricultural Activity': Eligible for Income Tax Exemption, rules ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that the production of foundation seeds qualifies as agricultural activity, making it eligible for tax exemption under...
![Production of Foundation Seeds amounts to Agricultural Activity: Eligible for Income Tax Exemption, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Production-of-Foundation-Seeds-Foundation-Seeds-Agricultural-Activity-Income-Tax-Exemption-ITAT-taxscan.jpg "Production of Foundation Seeds amounts to Agricultural Activity: Eligible for Income Tax Exemption, rules ITAT [Read Order]")
ITAT deletes Additions on Unexplained Cash Deposit u/s 69A and 68 due to Proper Explanation by Assessee [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) deleted the additions on unexplained cash deposits under Sections 69A and 68 of Income Tax Act, 1961 upon receipt of proper explanation...
![ITAT deletes Additions on Unexplained Cash Deposit u/s 69A and 68 due to Proper Explanation by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Additions-Income-Tax-ITAT-ITAT-deletes-Additions-on-Unexplained-Cash-Deposit-Unexplained-Cash-Deposit-Proper-Explanation-Assessee-taxscan.jpg "ITAT deletes Additions on Unexplained Cash Deposit u/s 69A and 68 due to Proper Explanation by Assessee [Read Order]")
No Addition can be made u/s 69 of Income Tax Act on Money kept for Treatment of Grand Mother: ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made under Section 69 Income Tax Act, 1961 on money kept for treatment of grandmother. ...
![No Addition can be made u/s 69 of Income Tax Act on Money kept for Treatment of Grand Mother: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-Money-kept-for-Treatment-of-Grand-Mother-Treatment-of-Grand-Mother-Treatment-ITAT-Taxscan.jpg "No Addition can be made u/s 69 of Income Tax Act on Money kept for Treatment of Grand Mother: ITAT [Read Order]")
No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no penalty should be levied under Section 271B of the Income Tax Act 1961 when there is reasonable cause for not...
![No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Income-Tax-Act-Reasonable-Cause-for-not-getting-Audited-ITAT-Taxscan.jpg "No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT [Read Order]")
ITAT dismisses Appeal on Lapse of more than 2 years to Substitute Name of Legal Heirs for Deceased Assessee [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), dismissed an appeal stating lapse of more than 2 years to substitute the name of legal heirs for the deceased assessee. In the...
![ITAT dismisses Appeal on Lapse of more than 2 years to Substitute Name of Legal Heirs for Deceased Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Appeal-Substitute-Name-of-Legal-Heirs-for-Deceased-Assessee-TAXSCAN.jpg "ITAT dismisses Appeal on Lapse of more than 2 years to Substitute Name of Legal Heirs for Deceased Assessee [Read Order]")
Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently held that interest income of Farmers service co-operative society from fixed deposits in Union Bank of India is deductible under...
![Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-Farmers-Services-Co-operative-Society-Services-Co-operative-Society-Fixed-Deposits-Union-Bank-of-India-ITAT-Taxscan.jpg "Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]")