ITAT Hyderabad Judgments, Orders & News | Income Tax Appellate Tribunal

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ITAT Hyderabad

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

Trust Created for Benefit of Particular Community or Religious Group is not ‘Charitable Trust’: ITAT Denies Tax Exemption [Read Order]

Taxscan Team

The Hyderabad bench of ITAT has denied the tax exemption of said concern and said that Trust created for benefit of a particular community or a...

UPS can be considered as Computer If it is Connected to ATM Machine or a Computer: ITAT allows 60%...

Telangana Corrugators Development Trust is a Public Charitable Trust Eligible for Tax Exemption:...

All Apartments received under Development Agreement would become “One House” for the purpose of s....

Trust Not Entitled to Tax Exemption in the year in which its Receipts from the Commercial Activities...

AO should Give Opportunity to produce Evidence for Examining the Source of Gift: ITAT [Read Order]

While hearing the case of Sri Chilukurthi Veeraiah vs. Income Tax Officer, Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that Assessing Officer (AO) should give reasonable...

Loan from Closely held Company to pay Salary is ‘Commercial Transaction’ for the purpose of ‘Deemed Dividend’: ITAT [Read Order]

The Hyderabad bench of ITAT recently declared that any loan taken from the closely held company to discharge the payment of salary is ‘commercial transaction’ for the purpose of ‘Deemed Dividend’...

Central Excise Duty paid in Cash Eligible for Tax Deduction: ITAT [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal recently decided that the amount of duty paid as central excise whether in cash or cheque would be eligible for tax deduction under the Income...

ITAT Quashes Wealth Tax Proceedings since Ownership of the Land was in Dispute [Read Order]

Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently held that wealth tax proceedings cannot be proceed against the assessee when the ownership of the land is in dispute. Assessee in the...

ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]

A division bench of the Hyderabad ITAT, while granting relief to M/s SBI Officers Coop. Credit Society Ltd, held that the society is eligible for deduction under Section 80P of the Income Tax Act,...

Administrative Expenses cannot be disallowed when Assessee is a Passover Entity and a facilitator in procuring the orders in a Joint Venture: ITAT [Read Order]

The Income Tax Appellate Tribunal Hyderabad bench recently held that amount paid to members cannot be disallowed on ground of non-deduction of tax when Assessee is a Passover Entity and a facilitator...

ITAT rejects Assessee’s Plea of ‘Wrong Legal Opinion’ since She is a Director of a Company [Read Order]

The Hyderabad bench of Income Tax Appellate Tribunal rejected the Assessee’s Plea of ‘wrong legal opinion’ since she is a Director of a Company. The assessee had invested in Port Folio Management...

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