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
A Co-owner, who Invests major Share in a Property is the Real Owner of that Property for the purpose of IT Act: ITAT Hyderabad
Recently, in ShriIsola Srinivas v. ACIT, the Hyderabad bench of the ITAT held that a Co-owner, who invests major share in a property and if there are...
![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]](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. ...
![Sec 40(a)(ia) of the Income Tax Act is applicable in case of Expenditure ‘payable’ only: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Sec 40(a)(ia) of the Income Tax Act is applicable in case of Expenditure ‘payable’ only: ITAT Hyderabad [Read Order]")
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]")
Mere Disallowance of Claim u/s 80-IA of the Income Tax Act would not attract Penalty: ITAT Hyderabad [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal, Hyderabad bench has ruled that mere disallowance of a claim under section 80-IA of the Income Tax Act is not sufficient to initiate penalty...
![Mere Disallowance of Claim u/s 80-IA of the Income Tax Act would not attract Penalty: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Mere Disallowance of Claim u/s 80-IA of the Income Tax Act would not attract Penalty: ITAT Hyderabad [Read Order]")
![No TDS is payable on Promotional Charges: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/TDS-TaxScan.jpg "No TDS is payable on Promotional Charges: ITAT Hyderabad [Read Order]")