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
![Sale of Agricultural Land is Exempt from Tax though there were No Agricultural Activities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "Sale of Agricultural Land is Exempt from Tax though there were No Agricultural Activities: ITAT [Read Order]")
Sale of Agricultural Land is Exempt from Tax though there were No Agricultural Activities: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Shri Kallepu Sharath Chander v. Asstt. Commissioner of Income Tax,...
![Only Ascertained Liability and not Mere Provision, is eligible for Adjustment against Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Book-Profit-Taxscan.jpg "Only Ascertained Liability and not Mere Provision, is eligible for Adjustment against Book Profit: ITAT [Read Order]")
![Gift from Daughter through Banking Channel can’t be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Gift-Banking-Channel-Taxscan.jpg "Gift from Daughter through Banking Channel can’t be treated as Unexplained: ITAT [Read Order]")
![Loan Waiver Benefit consequent to One-Time Settlement is Capital in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Loan-Waiver-ITAT-Taxscan.jpg "Loan Waiver Benefit consequent to One-Time Settlement is Capital in Nature: ITAT [Read Order]")
![Remuneration paid to HUF Members for the services rendered in the business is allowable under section 37(1): ITAT Quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Remuneration-Taxscan.jpg "Remuneration paid to HUF Members for the services rendered in the business is allowable under section 37(1): ITAT Quashes Re-Assessment [Read Order]")
When Principles of Mutuality are applicable to the Society then Income Can’t be Taxed on the Activities of the Society: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) in M/s. Sri Sai Datta Mutual Aided Co-operative Credit Society vs ACIT, held that the income cannot be taxed on the activities of the...
![When Principles of Mutuality are applicable to the Society then Income Can’t be Taxed on the Activities of the Society: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "When Principles of Mutuality are applicable to the Society then Income Can’t be Taxed on the Activities of the Society: ITAT [Read Order]")
No Addition when Source of Funds was referable to Monies Pooled from Customers in the Form of Advances Received and Sales effected in Business: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) in Dyapa Rajini vs. Income Tax Officer held that no addition under Section 69 of the Income Tax Act, 1961 could be made when source of funds...
![No Addition when Source of Funds was referable to Monies Pooled from Customers in the Form of Advances Received and Sales effected in Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Monies-Taxscan.jpg "No Addition when Source of Funds was referable to Monies Pooled from Customers in the Form of Advances Received and Sales effected in Business: ITAT [Read Order]")
No Capital Gain If Sale was to Protect Vendees’ Properties and to settle Legal Disputes: ITAT [Read Order]
In Padmini Chand & Anr. vs. Asstt. Commissioner of Income Tax, the Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that capital gain will not arise when sale deeds have been executed...
![No Capital Gain If Sale was to Protect Vendees’ Properties and to settle Legal Disputes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Development-Agreement-Capital-Gain-Taxscan.jpg "No Capital Gain If Sale was to Protect Vendees’ Properties and to settle Legal Disputes: ITAT [Read Order]")
Loss on Forfeiture of Shares is Revenue Expenditure If Assessee is a Trader in Shares: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Tanvi Financial Services Private Limited v. Income Tax Officer ruling in favor of the assessee held that a loss on...
![Loss on Forfeiture of Shares is Revenue Expenditure If Assessee is a Trader in Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Loss on Forfeiture of Shares is Revenue Expenditure If Assessee is a Trader in Shares: ITAT [Read Order]")
Handing Over of Possession under Development Agreement would amount to ‘Transfer’ for attracting Capital Gain Tax: ITAT [Read Order]
The Hyderabad bench of ITAT confirmed that handing over of possession under development agreement would amount to ‘Transfer’ for attracting capital gain tax. A single judge bench of Accountant member...
Wealth Tax can’t be Levied on Sale Consideration of a Property already Computed as Long Term Capital Gain: ITAT [Read Order]
In Smt. Boda Sarada Reddy vs. Asst. Commissioner of Wealth Tax, the Hyderabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that no wealth tax arises on the sale consideration of a property...
![Wealth Tax can’t be Levied on Sale Consideration of a Property already Computed as Long Term Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "Wealth Tax can’t be Levied on Sale Consideration of a Property already Computed as Long Term Capital Gain: ITAT [Read Order]")
Assessee eligible for Benefit of Sec 54F since Gain on entering into the Development Agreement is LTCG: ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently ruled that Assessee eligible for getting the benefit of section 54F of the Income Tax Act 1961 since the gain on entering into the...
![Assessee eligible for Benefit of Sec 54F since Gain on entering into the Development Agreement is LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/LTCG-Taxscan.jpg "Assessee eligible for Benefit of Sec 54F since Gain on entering into the Development Agreement is LTCG: ITAT [Read Order]")