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
![Activity of Letting Out of Marriage Hall by Trust would not constitute ‘Commercial Activity’: ITAT Allows Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Letting-Out-of-Marriage-Hall-Taxscan.jpg "Activity of Letting Out of Marriage Hall by Trust would not constitute ‘Commercial Activity’: ITAT Allows Exemption [Read Order]")
Activity of Letting Out of Marriage Hall by Trust would not constitute ‘Commercial Activity’: ITAT Allows Exemption [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT), while allowing tax exemption under section 11 of the Income Tax Act to Kalinga Cultural...
![A Time-barred Notice cannot be deemed as valid u/s 292BB since it is a Jurisdictional Error: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "A Time-barred Notice cannot be deemed as valid u/s 292BB since it is a Jurisdictional Error: ITAT [Read Order]")
![Bonus Shares are also Foreign Exchange Assets u/s 115E of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Bonus Shares are also Foreign Exchange Assets u/s 115E of the Income Tax Act: ITAT [Read Order]")
![Hyderabad Cricket Association Gets relief from ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Hyderabad-Cricket-Association-ITAT-Taxscan.jpg "Hyderabad Cricket Association Gets relief from ITAT [Read Order]")
No Addition If the Lands Transferred by Holding Company are treated as ‘Stock-in-Trade’ by Subsidiary Companies: ITAT [Read Order]
In a recent ruling, the Hyderabad ITAT observed that when a Holding Company transfers its land to its 100% subsidiary company, it can be treated as a ‘transfer’ for the purpose of assessing as Capital...
![No Addition If the Lands Transferred by Holding Company are treated as ‘Stock-in-Trade’ by Subsidiary Companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Stock-in-Trade.jpg "No Addition If the Lands Transferred by Holding Company are treated as ‘Stock-in-Trade’ by Subsidiary Companies: ITAT [Read Order]")
![Sale Agreement between Son and Father is Valid: ITAT Hyderabad Quashes Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Sale Agreement between Son and Father is Valid: ITAT Hyderabad Quashes Assessment [Read Order]")
Not SRO, Cost of Construction of Flats by Builder must be treated as Sale Consideration of the Land Owner for Computing Capital Gain: ITAT
In a significant ruling, the ITAT, Hyderabad bench held that for computing Long Term Capital Gain of an assessee who transferred his land under a Joint Development Agreement, the cost of construction...
Money belonging to assessee which was deposited in the P.D A/c of Dept on Valuation date is not subject to Wealth Tax: ITAT Hyderabad [Read Order]
In Shri B. Rajeswar Rao v. ACIT, a division bench of the Hyderabad ITAT held that the cash seized from the assessee during search cannot be made liable to Wealth Tax if the same was deposited with the...
![Money belonging to assessee which was deposited in the P.D A/c of Dept on Valuation date is not subject to Wealth Tax: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "Money belonging to assessee which was deposited in the P.D A/c of Dept on Valuation date is not subject to Wealth Tax: ITAT Hyderabad [Read Order]")
Investing in Term Deposit A/c Instead of Capital Gain Scheme A/c is only a Technical Defect: ITAT allows Exemption [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad held that exemption under section 54(2) of the Income Tax Act, 1961 cannot be denied to the assesse for the mere reason that the assesse has...
![Investing in Term Deposit A/c Instead of Capital Gain Scheme A/c is only a Technical Defect: ITAT allows Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Investment-Taxscan.jpg "Investing in Term Deposit A/c Instead of Capital Gain Scheme A/c is only a Technical Defect: ITAT allows Exemption [Read Order]")
Payment of ‘Non-Competent Fee’ is Revenue Expenditure If assessee availed Other Services under the Agreement: ITAT Hyderabad [Read Order]
In M/s. Kapil Chits (Kakatiya) Private Limited v. ACIT, a division bench of the Hyderabad ITAT held that expenditure in respect of payment of non-competent fee paid by a subsidiary company to its...
![Payment of ‘Non-Competent Fee’ is Revenue Expenditure If assessee availed Other Services under the Agreement: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Non-Compete-Fee-Taxscan.jpg "Payment of ‘Non-Competent Fee’ is Revenue Expenditure If assessee availed Other Services under the Agreement: ITAT Hyderabad [Read Order]")
Interest Income of a Non-Resident is Taxable at a Lower Rate under Indo-UK DTAA: ITAT Hyderabad [Read Order]
In a recent ruling, the ITAT Hyderabad held that the interest income of a Non-resident is taxable at a lower rate in view of the Double Taxation Avoidance Agreement (DTAA) between India and UK. In...
![Interest Income of a Non-Resident is Taxable at a Lower Rate under Indo-UK DTAA: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Income of a Non-Resident is Taxable at a Lower Rate under Indo-UK DTAA: ITAT Hyderabad [Read Order]")