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
![Section 50C(1) of Income Tax Act is Retrospective in Nature: ITAT directs AO to Calculate Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Retrospective-Nature-ITAT-Directs-AO-Calculate-Capital-Gain-taxscan.jpg "Section 50C(1) of Income Tax Act is Retrospective in Nature: ITAT directs AO to Calculate Capital Gain [Read Order]")
Section 50C(1) of Income Tax Act is Retrospective in Nature: ITAT directs AO to Calculate Capital Gain [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that the amended provisions of section 50C(1) of the Income Tax Act is retrospective...
![Donation towards CSR Allowable u/s 80G of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Donation-CSR-Income-Tax-Act-ITAT-Donation-towards-CSR-income-tax-taxscan.jpg "Donation towards CSR Allowable u/s 80G of Income Tax Act: ITAT [Read Order]")
![Cash Deposit in Bank by NRI: ITAT Deletes Addition u/s 68 of Income tax Act in absence of Source to use Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Cash-Deposit-Bank-NRI-ITAT-Deletes-Addition-Income-tax-Act-absence-Source-use-Cash-taxscan.jpg "Cash Deposit in Bank by NRI: ITAT Deletes Addition u/s 68 of Income tax Act in absence of Source to use Cash [Read Order]")
![SBI Short-Term Deposit rates Applicable to Determine Interest on Trade Receivables u/s 92B(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/SBI-Short-Term-Deposit-Applicable-Interest-Trade-Receivables-Income-Tax-Act-ITAT-TAXSCAN.jpg "SBI Short-Term Deposit rates Applicable to Determine Interest on Trade Receivables u/s 92B(1) of Income Tax Act: ITAT [Read Order]")
![Re-Assessment without issuance of Notice u/s 143(2) is void: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Re-Assessment-issuance-of-notice-ITAT-Re-Assessment-without-issuance-of-notice-taxscan.jpg "Re-Assessment without issuance of Notice u/s 143(2) is void: ITAT [Read Order]")
Deduction u/s 80G of Income Tax Act can be claimed when Assessee satisfies all the Conditions: ITAT [Read Order]
The Hyderabad bench of the Income Ta Appellate Tribunal (ITAT) held that the deduction under Section 80G of the Income Tax Act, 1961 can be claimed when the assessee satisfies all the conditions. ...
![Deduction u/s 80G of Income Tax Act can be claimed when Assessee satisfies all the Conditions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deduction-Income-Tax-Act-Assessee-Conditions-ITAT-taxscan.jpg "Deduction u/s 80G of Income Tax Act can be claimed when Assessee satisfies all the Conditions: ITAT [Read Order]")
Foreign Assignment Allowance received by assessee for services rendered outside India shall not be taxed in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad bench held that foreign assignment allowances received by the assessee during the employment for his company for services rendered outside...
![Foreign Assignment Allowance received by assessee for services rendered outside India shall not be taxed in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Foreign-Assignment-Allowance-received-assessee-services-rendered-outside-India-taxed-India-ITAT-TAXSCAN.jpg "Foreign Assignment Allowance received by assessee for services rendered outside India shall not be taxed in India: ITAT [Read Order]")
Cenvat Credit Available on Books of Accounts on Transfer of Ownership, Rule 10 of CCR Applicable: CESTAT [Read Order]
The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), observed that Cenvat Credit is available on books of accounts on transfer of ownership and therefore Rule 10 of...
![Cenvat Credit Available on Books of Accounts on Transfer of Ownership, Rule 10 of CCR Applicable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Cenvat-Credit-Available-on-Books-of-Accounts-Transfer-of-Ownership-Books-of-Accounts-Cenvat-Credit-CCR-Applicable-CCR-CESTAT-taxscan.jpg "Cenvat Credit Available on Books of Accounts on Transfer of Ownership, Rule 10 of CCR Applicable: CESTAT [Read Order]")
Burden to Prove Genuineness of Large Volume of Cash Deposit as Gift to Grandson During Demonetization Lies on Assessee: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT), while re-directing adjudication of an income tax appeal observed that the burden to prove that the large volume of cash deposit as a gift...
![Burden to Prove Genuineness of Large Volume of Cash Deposit as Gift to Grandson During Demonetization Lies on Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Large-Volume-Cash-Deposit-Gift-Grandson-Born-Demonetization-Business-Man-ITAT-TAXSCAN.jpg "Burden to Prove Genuineness of Large Volume of Cash Deposit as Gift to Grandson During Demonetization Lies on Assessee: ITAT [Read Order]")
![Computers and Computer Peripherals are Eligible for Depreciation of 60%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Computers-and-Computer-Peripherals-Eligible-for-Depreciation-ITAT-TAXSCAN.jpg "Computers and Computer Peripherals are Eligible for Depreciation of 60%: ITAT [Read Order]")
No Addition shall be made towards part of amount received from Construction Activities in Villa based on total Sale Consideration: ITAT directs Re-adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad bench held that no addition should be made towards part of amount received from the construction activities in Villa based on total sale...
![No Addition shall be made towards part of amount received from Construction Activities in Villa based on total Sale Consideration: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/amount-received-from-Construction-Activities-in-Villa-based-on-total-Sale-Consideration-amount-received-Sale-Consideration-ITAT-directs-Re-adjudication-Construction-Activities-in-Villa-taxscan.jpeg "No Addition shall be made towards part of amount received from Construction Activities in Villa based on total Sale Consideration: ITAT directs Re-adjudication [Read Order]")
Failure to prove Reasonable Cause for not filing appeal: ITAT dismisses petition for Condonation of delay of 301 days [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad bench while dismissing the petition for the delay of 301 days observed that the assessee failed to provide reasonable cause for not filing appeal...
![Failure to prove Reasonable Cause for not filing appeal: ITAT dismisses petition for Condonation of delay of 301 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-prove-filing-appeal-ITAT-petition-Condonation-TAXSCAN.jpg "Failure to prove Reasonable Cause for not filing appeal: ITAT dismisses petition for Condonation of delay of 301 days [Read Order]")