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
![Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-of-Co-operative-Credit-Societies-Co-operative-Credit-Societies-Interest-Income-Credit-Balances-ITAT-taxscan.jpg "Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]")
Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]
The Hyderabad Bench Of Income Tax Appellate Tribunal (ITAT)has recently held that interest income of co-operative credit societis from credit...
![“Reasons are life blood for any judicial/quasi-judicial order”: ITAT orders fresh adjudication on disallowance of 30% of ESOP cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Reasons-are-life-blood-for-any-judicialquasi-judicial-order-ITAT-ESOP-cost-TAXSCAN-1.jpg "“Reasons are life blood for any judicial/quasi-judicial order”: ITAT orders fresh adjudication on disallowance of 30% of ESOP cost [Read Order]")
![No addition can be made u/s 69A of Income Tax Act on cash received on sale of Ancestral Agricultural Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-cash-received-sale-of-Ancestral-Agricultural-Land-sale-Ancestral-Agricultural-Land-Income-Tax-ITAT-taxscan.jpg "No addition can be made u/s 69A of Income Tax Act on cash received on sale of Ancestral Agricultural Land: ITAT [Read Order]")
![Payment to Contract Teachers does not amount to ‘Fee for Professional Services’, TDS u/s 194J Not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Payment-Contract-Teachers-Fee-Professional-Services-TDS-Payment-to-Contract-Teachers-Fee-for-Professional-Services-ITAT-taxscan.jpg "Payment to Contract Teachers does not amount to ‘Fee for Professional Services’, TDS u/s 194J Not Applicable: ITAT [Read Order]")
Income Tax Department has no power to recover TDS from vender if vendee Deducts Tax at Source for Purchase of Property: ITAT
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has recently held that income tax department has no power to recover Tax Deduction at Source (TDS) from vendor if vendee deducts tax...
Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench in an appeal filed before it, held that foreign exchange fluctuation loss incurred in the business health care could not be allowed as...
![Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Foreign-Exchange-Fluctuation-loss-Business-of-Healthcare-Revenue-Expenditure-ITAT-TAXSCAN1.jpg "Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]")
Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that interest income from loan extended against mortgage of properties would not constitute...
![Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Income-Interest-Income-Loan-Extended-Mortgage-of-Properties-Properties-Constitute-Rental-Income-Rental-Income-ITAT-Income-Tax-taxscan.jpg "Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental Income: ITAT [Read Order]")
Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that deduction u/s 54F is not allowable, if assessee has more than a residential house at...
![Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deduction-Residential-House-taxscan.jpeg "Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT [Read Order]")
Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that the failure of the CIT(A) to provide document verification opportunity to the AO,...
![Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Document-Verification-Opportunity-Verification-IT-Rules-ITAT-Taxscan.jpg "Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]")
No Penalty shall be Levied u/S 271B if there is Reasonable Cause for Not Getting the Account Audited: 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 if there is reasonable cause for not...
![No Penalty shall be Levied u/S 271B if there is Reasonable Cause for Not Getting the Account Audited: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Penalty-Reasonable-Cause-Account-ITAT-Taxscan.jpg "No Penalty shall be Levied u/S 271B if there is Reasonable Cause for Not Getting the Account Audited: ITAT [Read Order]")
Levy of Penalty of 100% of the Tax Sought to be evaded will Meet the Ends of Justice: ITAT sets aside order [Read Order]
Income Tax Appellate Tribunal (ITAT) of Hyderabad bench held that Levy of penalty of 100% of the tax sought to be evaded would meet the ends of justice and set aside the order passed by assessing...
![Levy of Penalty of 100% of the Tax Sought to be evaded will Meet the Ends of Justice: ITAT sets aside order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Levy-of-Penalty-Tax-Sought-Income-Tax-Penalty-ITAT-taxscan.jpg "Levy of Penalty of 100% of the Tax Sought to be evaded will Meet the Ends of Justice: ITAT sets aside order [Read Order]")