ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![ITAT deletes Addition u/s 68B of IT Act on Unexplained Investment: Gujarat HC issues Returnable Notice for Final dispose [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Income-Tax-Act-Income-Tax-Tax-Unexplained-Investment-Investment-Gujarat-High-Court-Returnable-Notice-Notice-taxscan.jpg "ITAT deletes Addition u/s 68B of IT Act on Unexplained Investment: Gujarat HC issues Returnable Notice for Final dispose [Read Order]")
ITAT deletes Addition u/s 68B of IT Act on Unexplained Investment: Gujarat HC issues Returnable Notice for Final dispose [Read Order]
The Gujarat High Court issued a returnable notice for final disposal of the deletion of the addition made by the Appellate Tribunal under section 68B...
![Approval u/s 10(23C) cannot be revoked when objects of Society have remained same: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Income-Tax-objects-of-Society-Approval-taxscan-.jpg "Approval u/s 10(23C) cannot be revoked when objects of Society have remained same: ITAT [Read Order]")
![Jurisdiction comes first, not PAN: Bombay HC validates the order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Jurisdiction-PAN-Bombay-High-Court-ITAT-taxscan.jpg "Jurisdiction comes first, not PAN: Bombay HC validates the order of ITAT [Read Order]")
![AO cannot Suspect Genuineness of Parties Once TDS Element is Reflected in Form 26AS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-Element-TDS-Form-26AS-ITAT-Taxscan.jpg "AO cannot Suspect Genuineness of Parties Once TDS Element is Reflected in Form 26AS: ITAT [Read Order]")
![Income Tax Deduction to Manufacturing Unit cannot be Disallowed Even If Part of Activities are done Outside Unit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Deduction-Income-Tax-Deduction-Tax-Manufacturing-Unit-Outside-Unit-ITAT-Taxscan.jpg "Income Tax Deduction to Manufacturing Unit cannot be Disallowed Even If Part of Activities are done Outside Unit: ITAT [Read Order]")
One Day Delay in Debiting Amount from Bank due to Mistake of Banker: ITAT Waives Off Interest [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ), while waiving off the interest levied by the income tax department for short-levy of TDS, has held that interest cannot be levied for...
![One Day Delay in Debiting Amount from Bank due to Mistake of Banker: ITAT Waives Off Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Debiting-Amount-Bank-Mistake-of-Banker-Banker-ITAT-Interest-taxscan.jpg "One Day Delay in Debiting Amount from Bank due to Mistake of Banker: ITAT Waives Off Interest [Read Order]")
Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film 'Aarakshan': ITAT [Read Order]
While holding that the investment for the purchase of distribution of a film is “intangible right,” the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has disallowed the claim of M/s...
![Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film Aarakshan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Nadiadwala-Entertainment-Entertainment-Claim-Loss-Claim-Film-Aarakshan-ITAT-taxscan.jpg "Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film Aarakshan: ITAT [Read Order]")
Interest in Replacement Rehabilitation and Development Fund must be Directly taken into P& L Account: Orissa HC [Read Order]
In the case of Paradeep Port Trust, the Orissa High Court (HC) held that interest in the replacement rehabilitation and development fund must be directly taken into Profit & Loss account. The...
![Interest in Replacement Rehabilitation and Development Fund must be Directly taken into P& L Account: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Replacement-Rehabilitation-Development-Fund-Orissa-HC-TAXSCAN.jpg "Interest in Replacement Rehabilitation and Development Fund must be Directly taken into P& L Account: Orissa HC [Read Order]")
Mere Agreement to Sell Immovable Property without giving Possession to Buyer, not a Transfer of Asset u/s 2(47): ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that a mere agreement to sell the immovable property without giving possession to the buyer, not a transfer of assets under...
![Mere Agreement to Sell Immovable Property without giving Possession to Buyer, not a Transfer of Asset u/s 2(47): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Mere-Agreement-Immovable-Property-Sell-Immovable-Property-Sell-Buyer-Taxscan.jpg "Mere Agreement to Sell Immovable Property without giving Possession to Buyer, not a Transfer of Asset u/s 2(47): ITAT [Read Order]")
Appeal via Electronic Mode is Procedural Requirement, Non-Compliance cannot be Hindrance to Justice: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that non-compliance of appeal via electronic mode cannot be a hindrance to justice as it was a procedural requirement. Shri...
![Appeal via Electronic Mode is Procedural Requirement, Non-Compliance cannot be Hindrance to Justice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Appeal-Electronic-Mode-Non-Compliance-Justice-ITAT-Taxscan.jpg "Appeal via Electronic Mode is Procedural Requirement, Non-Compliance cannot be Hindrance to Justice: ITAT [Read Order]")
Disallowance u/s 36(1)(iii) not permissible on the Ground of Absence of Business-related activity: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under section 36(1)(iii) of the Income Tax Act,1961 is not permissible on the ground of the absence of...
![Disallowance u/s 36(1)(iii) not permissible on the Ground of Absence of Business-related activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/business-related-activity-business-ITAT-Taxscan.jpg "Disallowance u/s 36(1)(iii) not permissible on the Ground of Absence of Business-related activity: ITAT [Read Order]")