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
![Surcharge and Education Cess can be Calculated after Deducting the MAT Credit from Assessed Income: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Education-Cess-Taxscan.jpg "Surcharge and Education Cess can be Calculated after Deducting the MAT Credit from Assessed Income: ITAT Hyderabad [Read Order]")
Surcharge and Education Cess can be Calculated after Deducting the MAT Credit from Assessed Income: ITAT Hyderabad [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad bench, on Friday held that Surcharge and Education Cess should be calculated only after deducting...
![Allowances Received by a Member of Legislative Assembly is Exempted from Taxation: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/MLA-Taxscan.jpg "Allowances Received by a Member of Legislative Assembly is Exempted from Taxation: ITAT Hyderabad [Read Order]")
![An Unscheduled Bank has to Recognize its Income on NPAs on Accrual Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Unscheduled-Bank-Taxscan.jpg "An Unscheduled Bank has to Recognize its Income on NPAs on Accrual Basis: ITAT [Read Order]")
![TDS is Payable on Payment of Non-Competent Fee when Assessee treated the same as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "TDS is Payable on Payment of Non-Competent Fee when Assessee treated the same as Business Expenditure: ITAT [Read Order]")
![Interest Income from Depositing Share Capital in FDs with Bank under constraint is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Interest Income from Depositing Share Capital in FDs with Bank under constraint is Capital Receipt: ITAT [Read Order]")
Purchase and Sale of Shares through Stock Exchange can’t be treated as ‘Bogus’ when the Same was Evident through Broker’s Note: ITAT [Read Order]
While allowing the appeal filed by the assessee Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently held that purchase and sale through stock exchange cannot be treated as bogus when the...
![Purchase and Sale of Shares through Stock Exchange can’t be treated as ‘Bogus’ when the Same was Evident through Broker’s Note: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Stock-Exchange-Taxscan.jpg "Purchase and Sale of Shares through Stock Exchange can’t be treated as ‘Bogus’ when the Same was Evident through Broker’s Note: ITAT [Read Order]")
ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]
While allowing the appeal filed by the assessee for statistical purposes, the Hyderabad bench of Income Tax Appellate Tribunal (ITAT) deleted the addition by applying deemed provisions of Section 50C...
![ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]")
Rent received during Eviction of Tenants on a Property Purchased for Setting Up of Project is not Taxable: ITAT [Read Order]
Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that rent received during eviction of tenants on a property purchased for setting up of project is not taxable as ”income from house...
![Rent received during Eviction of Tenants on a Property Purchased for Setting Up of Project is not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Rent received during Eviction of Tenants on a Property Purchased for Setting Up of Project is not Taxable: ITAT [Read Order]")
Assessee is entitled to Exemption u/s 54 even if he holds more than one Residential Property: ITAT [Read Order]
Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that an assessee is entitled to claim exemption under section 54F of the Income Tax Act even if he holds more than one residential...
![Assessee is entitled to Exemption u/s 54 even if he holds more than one Residential Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Assessee is entitled to Exemption u/s 54 even if he holds more than one Residential Property: ITAT [Read Order]")
Sec 50C cannot be invoked in case of a distress Sale where Land was transferred to a Govt Company: ITAT [Read Order]
Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has recently held that section 50C of the Income Tax Act, 1961 cannot be invoked in case of a distress sale where the assessee transferred land...
![Sec 50C cannot be invoked in case of a distress Sale where Land was transferred to a Govt Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Sec 50C cannot be invoked in case of a distress Sale where Land was transferred to a Govt Company: ITAT [Read Order]")
Re-Assessment Only on the direction from Superiors is Invalid when AO was satisfied that Original Assessment was Proper: ITAT [Read Order]
Hyderabad bench of Income Tax Appellate Tribunal held that if the AO was satisfied with the original assessment then the re-assessment order under section 147/ 148 of the Income Tax Act passed only on...
No Penalty If there is a Bonafide belief that Books need not be Subjected to Audit: ITAT Hyderabad [Read Order]
Hyderabad bench of Income Tax Appellate Tribunal held that penalty under section 271B of the Income Tax Act is not leviable where the assessee was under a bonafide belief that books need not be...