ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![No availability of Technical Knowledge, Experience, Skill on Services provided by Non-Residents: ITAT deletes Disallowance u/s 40(a)(ai) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Technical-Knowledge-Skill-on-Experience-Skill-on-Services-Non-Residents-ITAT-Disallowance-taxscan.jpg "No availability of Technical Knowledge, Experience, Skill on Services provided by Non-Residents: ITAT deletes Disallowance u/s 40(a)(ai) [Read Order]")
No availability of Technical Knowledge, Experience, Skill on Services provided by Non-Residents: ITAT deletes Disallowance u/s 40(a)(ai) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench deleted disallowance under Section 40(a)(ai) of the Income Tax Act, 1961 on the ground that...
![Capital Gain Exemption cannot be Denied on Alterations to House as there is No Ceiling on Amount of Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-Gain-Exemption-Investment-ITAT-TAXSCAN.jpg "Capital Gain Exemption cannot be Denied on Alterations to House as there is No Ceiling on Amount of Investment: ITAT [Read Order]")
![Private Limited Company and Director are Different Persons: ITAT upholds Addition for Exceeding Limit of Cash Transactions u/s 269SS [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Private-Limited-Company-ITAT-Cash-Transactions-Cash-Transactions-Income-tax-tax-taxscan.jpg "Private Limited Company and Director are Different Persons: ITAT upholds Addition for Exceeding Limit of Cash Transactions u/s 269SS [Read Order]")
![ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Disallowance-Payment-Cash-TAXSCAN.jpg "ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]")
Loss from Sale of Shares and Mutual Funds on which STT paid can't be set off against LTCG arising out as per S.70(3): ITAT [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Loss from the sale of shares and mutual fundson which Securities Transaction Tax (STT) paid can't be...
![Loss from Sale of Shares and Mutual Funds on which STT paid cant be set off against LTCG arising out as per S.70(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-of-Shares-Mutual-Funds-STT-LTCG-ITAT-taxscan.jpg "Loss from Sale of Shares and Mutual Funds on which STT paid cant be set off against LTCG arising out as per S.70(3): ITAT [Read Order]")
![No Evidence to prove lack of ownership: ITAT upholds order of CIT(A) accepting LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Evidence-ITAT-CITA-LTCG-taxscan.jpg "No Evidence to prove lack of ownership: ITAT upholds order of CIT(A) accepting LTCG [Read Order]")
Portfolio Management Company cannot determine Performance Fee on Estimate Basis to pay Advance Tax: ITAT deletes Excess Interest u/s 234C [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) in a recent ruling deleted the excess interest under Section 234C of the Income Tax Act 1961 observing that the Portfolio Management Company...
![Portfolio Management Company cannot determine Performance Fee on Estimate Basis to pay Advance Tax: ITAT deletes Excess Interest u/s 234C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Portfolio-Management-Company-Portfolio-Management-Performance-Fee-Advance-Tax-Tax-ITAT-Interest-Income-Tax-taxscan.jpg "Portfolio Management Company cannot determine Performance Fee on Estimate Basis to pay Advance Tax: ITAT deletes Excess Interest u/s 234C [Read Order]")
Assessee shall file Rectification Application to Rectify Typographical Errors in ITR, Not Appeal: ITAT [Read Order]
The Income Tax Appellate Tribunal Recently held that assessee should file a rectification application to rectify typographical errors in Income Tax Return hence the assessee could not prefer appeal...
![Assessee shall file Rectification Application to Rectify Typographical Errors in ITR, Not Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Rectification-Application-to-Rectify-Typographical-Errors-ITR-ITAT-TAXSCAN.jpg "Assessee shall file Rectification Application to Rectify Typographical Errors in ITR, Not Appeal: ITAT [Read Order]")
ITAT Allows NRI to Rectify Income Tax Return after 7 Years as Tax Benefit was Not Claimed by Mistake [Read Order]
Income Tax Appellate Tribunal (ITAT) recently allowed non -resident Indian (NRI) vto rectify Income Tax Return after seven years as tax benefit was not claimed by mistake. P.R.Mohanty who had...
![ITAT Allows NRI to Rectify Income Tax Return after 7 Years as Tax Benefit was Not Claimed by Mistake [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-NRI-Income-Tax-Return-Tax-TAXSCAN.jpg "ITAT Allows NRI to Rectify Income Tax Return after 7 Years as Tax Benefit was Not Claimed by Mistake [Read Order]")
Disallowance u/s. 40(a)(i) cannot be Invoked in view of Retrospective Amendment to S. 195 Imposing TDS on Payment to Non-Residents: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Chennai Bench ruled that the disallowance imposed under Section 40(a)(i) of the Income Tax Act, 1961, prohibiting Tax Deduction Source (TDS) on payments to...
![Disallowance u/s. 40(a)(i) cannot be Invoked in view of Retrospective Amendment to S. 195 Imposing TDS on Payment to Non-Residents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Disallowance-us.-40ai-Retrospective-Amendment-to-S.-195-Imposing-TDS-Payment-Non-Residents-ITAT-Taxscan.jpg "Disallowance u/s. 40(a)(i) cannot be Invoked in view of Retrospective Amendment to S. 195 Imposing TDS on Payment to Non-Residents: ITAT [Read Order]")