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
![Transfer of Machinery by a member to the HUF is not a transfer between ‘related parties’, reiterates ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Transfer of Machinery by a member to the HUF is not a transfer between ‘related parties’, reiterates ITAT Hyderabad [Read Order]")
Transfer of Machinery by a member to the HUF is not a transfer between ‘related parties’, reiterates ITAT Hyderabad [Read Order]
Only Clerical and Grammatical errors can be corrected through rectification application, says ITAT Hyderabad. In Ganjikunta Kishore Babu (HUF) v....
![Internet Charges can be Deducted from the Turnover u/s 10A of Income Tax Act: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/Internet-Charges-Taxscan.jpg "Internet Charges can be Deducted from the Turnover u/s 10A of Income Tax Act: ITAT Hyderabad [Read Order]")
![Advance Paid for Subscription of Shares is not ‘Deemed Dividend’: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Advance Paid for Subscription of Shares is not ‘Deemed Dividend’: ITAT Hyderabad [Read Order]")
Deduction on Capital Gains u/s 54F can be Extended to Wife having Independent Income: ITAT Hyderabad [Read Order]
In ACIT v. Sri B. Surendra Choudary, the division bench of the ITAT, Hyderabad bench held thatthe new property registered in the name of assessee’s wife is eligible to get deduction under section 54F...
![Deduction on Capital Gains u/s 54F can be Extended to Wife having Independent Income: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/deduction-Section-54F-Taxscan.jpg "Deduction on Capital Gains u/s 54F can be Extended to Wife having Independent Income: ITAT Hyderabad [Read Order]")
Sec 40(a)(ia) of the Income Tax Act is applicable in case of Expenditure ‘payable’ only: ITAT Hyderabad [Read Order]
In a recent ruling in ITO v. M/s. Amardeep Textiles, the Hyderabad ITAT ruled that s. 40(a)(ia) of the Income Tax Act can be invoked only in case of expenditure which are incurred and payable only. ...
Penalty not Leviable when the AO failed to Strike Off the inappropriate portion of the notice: ITAT Hyderabad [Read Order]
In the case of Sri Nilaya AR Projects Hyderabad v. ITO Hyderabad, the Income Tax Appellate Tribunal, Hyderabad bench held that penalty u/s 271(1)(c) of the Income Tax Act cannot be levied when the AO...
![Penalty not Leviable when the AO failed to Strike Off the inappropriate portion of the notice: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "Penalty not Leviable when the AO failed to Strike Off the inappropriate portion of the notice: ITAT Hyderabad [Read Order]")
Penalty u/s 271(1)(c) is Leviable only If the Assessee Files Incorrect, Erroneous or False Return: ITAT Hyderabad [Read Order]
The division bench of the ITAT Hyderabad recently ruled that penalty under section 271(1)(c) of the Income Tax Act cannot be levied if there is no finding that the return filed by the assessee is...
![Penalty u/s 271(1)(c) is Leviable only If the Assessee Files Incorrect, Erroneous or False Return: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Penalty u/s 271(1)(c) is Leviable only If the Assessee Files Incorrect, Erroneous or False Return: ITAT Hyderabad [Read Order]")
Income from Leasing out the Property is ‘Business Income’ if the main Object of Activity is to Make Profit: ITAT Hyderabad [Read Order]
In a recent ruling, the division bench of the ITAT, Hyderabad held that, if the main object of leasing out a property is to make profit, the same is chargeable to income tax under the head “Business...
![Income from Leasing out the Property is ‘Business Income’ if the main Object of Activity is to Make Profit: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/For-Lease-Taxscan.jpg "Income from Leasing out the Property is ‘Business Income’ if the main Object of Activity is to Make Profit: ITAT Hyderabad [Read Order]")
![‘Privilege Fee’ is allowable as Expenditure u/s 37 of Income Tax Act: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "‘Privilege Fee’ is allowable as Expenditure u/s 37 of Income Tax Act: ITAT Hyderabad [Read Order]")