ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Additions-Deposit-of-Demonetized-Currency-if-Advance-Tax-paid-under-PMGKY-Scheme-ITAT-TAXSCAN.jpg "No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]")
No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]
In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) chaired by N.K. Balliya, Accountant Member and Kul Bharat, Judicial...
![Additional Income offered as part of Business Income, entitled to Income Tax Deduction u/s 40(b)(v): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Additional-Income-Business-Income-Income-Tax-Deduction-Income-Tax-Deduction-Tax-ITAT-taxscan.jpg "Additional Income offered as part of Business Income, entitled to Income Tax Deduction u/s 40(b)(v): ITAT [Read Order]")
![Gold Jewellery acquired by Tradition/Customs: ITAT allows Income Tax Concession [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Gold-Gold-Jewellery-Tradition-Customs-ITAT-Income-Tax-Concession-Income-Tax-Tax-Concession-Tax-Concession-taxscan.jpg "Gold Jewellery acquired by Tradition/Customs: ITAT allows Income Tax Concession [Read Order]")
![Taxability of Interest from Investment Earned by Co-Operative Society as Other Income: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Taxability-Interest-Interest-from-Investment-Other-Income-ITAT-Re-Adjudication-Taxscan.jpg "Taxability of Interest from Investment Earned by Co-Operative Society as Other Income: ITAT directs Re-Adjudication [Read Order]")
![LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/LTCG-for-Sale-of-Equity-Shares-as-Bogus-Income-Tax-Act-ITAT-confirms-Income-Tax-Addition-TAXSCAN.jpg "LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]")
Trading Loss incurred cannot be held Bogus merely based on Modus Operandi unearthed from Third Party without cogent materials: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that trading loss incurred cannot be held bogus merely based on modus operandi unearthed from third party without cogent...
![Trading Loss incurred cannot be held Bogus merely based on Modus Operandi unearthed from Third Party without cogent materials: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Trading-Loss-Bogus-ITAT-cogent-material-taxscan.jpg "Trading Loss incurred cannot be held Bogus merely based on Modus Operandi unearthed from Third Party without cogent materials: ITAT [Read Order]")
![Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Relief-to-Ambuja-Cement-ITAT-deletes-ALP-adjustment-TAXSCAN.jpg "Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]")
Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), held that Income from Design Charges are business income to compute deduction under Section 10A of the Income Tax Act, 1961. The...
![Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Design-Charges-business-income-business-income-deduction-Income-Tax-Act-Income-Tax-Tax-ITAT-taxscan.jpg "Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]")
Income from Shareholder's account liable to be Taxed as part of Life Insurance Business: ITAT grants relief to Tata AIA Life Insurance [Read Order]
A Division Bench of the Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that Income from shareholders' account liable to be taxed as part of life insurance business, thereby granting relief...
![Income from Shareholders account liable to be Taxed as part of Life Insurance Business: ITAT grants relief to Tata AIA Life Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-from-shareholders-account-liable-to-be-taxed-as-part-of-life-insurance-business-ITAT-grants-relief-to-Tata-AIA-Life-Insurance-TAXSCAN.jpg "Income from Shareholders account liable to be Taxed as part of Life Insurance Business: ITAT grants relief to Tata AIA Life Insurance [Read Order]")
‘Security Premium Reserve’ cannot be Included in 'Accumulated Profit' for Computing Deemed Dividend: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT), presided over by a Judicial Member Chandra Mohan Garg and and an Accountant Member Pradeep Kumar Khedla upheld the decision of the...
![‘Security Premium Reserve’ cannot be Included in Accumulated Profit for Computing Deemed Dividend: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Security-Premium-Reserve-Accumulated-Profit-Computing-Deemed-Dividend-ITAT-Taxscan.jpg "‘Security Premium Reserve’ cannot be Included in Accumulated Profit for Computing Deemed Dividend: ITAT [Read Order]")
Condition of Proving ‘Source of Source of Funds’ under 68 not applicable to Non-Residents: ITAT deletes Income Tax Addition [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the condition of proving “source of source of funds” under 68 of the Income Tax Act,1961 does not apply to non-residents....
![Condition of Proving ‘Source of Source of Funds’ under 68 not applicable to Non-Residents: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Source-of-Funds-Non-Residents-ITAT-Income-Addition-taxscan.jpg "Condition of Proving ‘Source of Source of Funds’ under 68 not applicable to Non-Residents: ITAT deletes Income Tax Addition [Read Order]")
Joint Commissioner sanctioned Re-open Notice u/s 148 after expiry of 4 yrs: ITAT quashes Assessment Order being Violative Sec 151 [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that Joint Commissioner sanctioned reopening notice under section 148 after the expiry of 4 years and quashes the assessment order...
![Joint Commissioner sanctioned Re-open Notice u/s 148 after expiry of 4 yrs: ITAT quashes Assessment Order being Violative Sec 151 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Joint-Commissioner-Notice-ITAT-Assessment-order-taxscan.jpg "Joint Commissioner sanctioned Re-open Notice u/s 148 after expiry of 4 yrs: ITAT quashes Assessment Order being Violative Sec 151 [Read Order]")