ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![No Proper Examination of facts by Lower Authorities: ITAT orders Fresh Adjudication to determine TDS on MRI charges paid back to Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Lower-Authorities-Proper-Examination-ITAT-Fresh-Adjudication-TDS-MRI-charges-MRI-Taxscan.jpg "No Proper Examination of facts by Lower Authorities: ITAT orders Fresh Adjudication to determine TDS on MRI charges paid back to Company [Read Order]")
No Proper Examination of facts by Lower Authorities: ITAT orders Fresh Adjudication to determine TDS on MRI charges paid back to Company [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), ordered fresh adjudication to determine TDS on MRI charges paid back to company as...
![Use of Building by Assessee-Trust without consideration is not Unexplained Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Building-Trust-Unexplained-Investment-Investment-ITAT-Taxscan.jpg "Use of Building by Assessee-Trust without consideration is not Unexplained Investment: ITAT [Read Order]")
![Payment of Rs. 22 Lakh in Cash to Wholesale Dealer attracts Disallowance u/s 40A(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-Cash-Wholesale-Dealer-Wholesale-ITAT-taxscan.jpg "Payment of Rs. 22 Lakh in Cash to Wholesale Dealer attracts Disallowance u/s 40A(3): ITAT [Read Order]")
![Tax Authorities should stop functioning with the colonial mindset dispensing justice to the colonies: ITAT Slams Income Tax Dept for Arbitrary Use of Power [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Tax-Authorities-justice-ITAT-Income-Tax-Department-Income-Tax-Tax-Arbitrary-Use-of-Power-Power-Taxscan.jpg "Tax Authorities should stop functioning with the colonial mindset dispensing justice to the colonies: ITAT Slams Income Tax Dept for Arbitrary Use of Power [Read Order]")
![NFAC bound to Follow CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/NFAC-bound-NFAC-CBDT-CBDT-Circular-ITAT-Taxscan.jpg "NFAC bound to Follow CBDT Circular: ITAT [Read Order]")
Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench consisting of Sanjay Garg, Judicial Member and Dr. Manish Borad, Accountant Member deleted addition as there was treating share subscription...
![Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Share-Subscription-Unexplained-Cash-Credit-Unexplained-Cash-Cash-Credit-ITAT-Taxscan.jpg "Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]")
![Commission Agent not obliged to get Account Audited, Penalty u/s 271 B not leviable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Commission-Agent-Account-Audited-Audit-Penalty-ITAT-Taxscan.jpg "Commission Agent not obliged to get Account Audited, Penalty u/s 271 B not leviable: ITAT [Read Order]")
Brand Promotion Expenditure to Force India are Revenue in Nature, allowable as Deduction: ITAT rules in favour of United Breweries [Read Order]
In a significant ruling in favour of United Breweries, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that advertisement expenses for brand promotion are revenue in nature...
![Brand Promotion Expenditure to Force India are Revenue in Nature, allowable as Deduction: ITAT rules in favour of United Breweries [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Brand-Promotion-Expenditure-Brand-Promotion-Revenue-in-Nature-Deduction-ITAT-United-Breweries-Taxscan.jpg "Brand Promotion Expenditure to Force India are Revenue in Nature, allowable as Deduction: ITAT rules in favour of United Breweries [Read Order]")
![No TDS on Payment of Fee to Singapore Entity: ITAT Grants Relief to Standard Chartered [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/TDS-Payment-Payment-of-Fee-Singapore-Entity-ITAT-Standard-Chartered-Taxscan.jpg "No TDS on Payment of Fee to Singapore Entity: ITAT Grants Relief to Standard Chartered [Read Order]")
Income Tax penalty levied u/s 271(1)(C) not attract as TDS already deducted under DTAA: ITAT [Read Order]
Income Tax Appellate Tribunal ( ITAT ) of Chandigarh bench ruled that the penalty under section 271(1)(c) does not attract as the Tax Deduction Source (TDS) already deducted under Double Taxation...
![Income Tax penalty levied u/s 271(1)(C) not attract as TDS already deducted under DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-penalty-Income-Tax-penalty-Tax-TDS-DTAA-Taxscan.jpg "Income Tax penalty levied u/s 271(1)(C) not attract as TDS already deducted under DTAA: ITAT [Read Order]")
Interest Paid is allowable u/s 36(1)(iii) of Income Tax Act When Funds are Borrowed for Construction Project: ITAT [Read Order]
The Income Tax Appellate Tribunal( ITAT ), Mumbai Bench consisting of Prashant Maharshi, Accountant Member and Sandeep Singh Karhail, Judicial Member ruled that interest paid is allowable under...
![Interest Paid is allowable u/s 36(1)(iii) of Income Tax Act When Funds are Borrowed for Construction Project: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-paid-Interest-Income-Tax-Act-Income-Tax-Tax-Funds-borrowed-Funds-Construction-Project-Construction-ITAT-taxscan.jpg "Interest Paid is allowable u/s 36(1)(iii) of Income Tax Act When Funds are Borrowed for Construction Project: ITAT [Read Order]")
Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT [Read Order]
The Amritsar bench of the Income Tax Appellate Tribunal ( ITAT ) has held that depreciation can be allowed on factual aspects under CBDT instruction, even if the value is not recorded in the books of...
![Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Depreciation-CBDT-Instruction-CBDT-Books-of-Account-ITAT-taxscan.jpg "Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT [Read Order]")