ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Capital Gain Exemption u/s 54 cannot be claimed for Multiple Flats: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Capital-Gain-Exemption-Multiple-Flats-ITAT-TAXSCAN.jpg "Capital Gain Exemption u/s 54 cannot be claimed for Multiple Flats: ITAT [Read Order]")
Capital Gain Exemption u/s 54 cannot be claimed for Multiple Flats: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently in an appeal filed before it, held that capital gain exemption u/s 54 cannot be...
![TDS u/s 194I not applicable to Portion of Rent paid to AC maintenance, Housekeeping, Security, and Common Area Maintenance Charges: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-Rent-AC-maintenance-housekeeping-security-ITAT-taxscan.jpg "TDS u/s 194I not applicable to Portion of Rent paid to AC maintenance, Housekeeping, Security, and Common Area Maintenance Charges: ITAT [Read Order]")
![Referral Fees to Doctors and Nursing Homes Violative of Professional Ethics, Medical Diagnostics Company cannot Claim Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Doctors-Nursing-Violative-Ethics-Medical-Diagnostics-Claim-Deduction-ITAT-TAXSCAN.jpg "Referral Fees to Doctors and Nursing Homes Violative of Professional Ethics, Medical Diagnostics Company cannot Claim Deduction: ITAT [Read Order]")
![Non-Filing of Income Tax Return amounts to Escapement of Income: ITAT upholds Reassessment u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Return-Escapement-Income-ITAT-TAXSCAN.jpg "Non-Filing of Income Tax Return amounts to Escapement of Income: ITAT upholds Reassessment u/s 147 [Read Order]")
![Once Addition is set aside by the Tribunal, subsequent penalty cannot Survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Tribunal-penalty-ITAT-taxscan.jpg "Once Addition is set aside by the Tribunal, subsequent penalty cannot Survive: ITAT [Read Order]")
Income Tax Assessment u/s 153A Solely based on Pen Drive Recovered from Employee is Invalid: ITAT quashes Protective Assessment [Read Order]
In a significant ruling, the Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessment under section 153A of the Income Tax Act, 1961 made solely based on the pen drive...
![Income Tax Assessment u/s 153A Solely based on Pen Drive Recovered from Employee is Invalid: ITAT quashes Protective Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Assessment-Pen-Drive-Recovered-Employee-ITAT-Assessment-TAXSCAN.jpg "Income Tax Assessment u/s 153A Solely based on Pen Drive Recovered from Employee is Invalid: ITAT quashes Protective Assessment [Read Order]")
ITAT directs Income Tax Dept. to Re-Consider If Activities of Slum Rehabilitation Authority constitutes ‘Charitable’ in Nature [Read Order]
The Income Tax Appellate Tribunal( ITAT ), Mumbai Bench, has recently in an appeal filed before it, directed the Income Tax Department to Re-Consider the case, if Activities of Slum Rehabilitation...
![ITAT directs Income Tax Dept. to Re-Consider If Activities of Slum Rehabilitation Authority constitutes ‘Charitable’ in Nature [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ITAT-Income-Tax-Dept-Slum-Rehabilitation-Authority-Charitable-taxscan-1.jpg "ITAT directs Income Tax Dept. to Re-Consider If Activities of Slum Rehabilitation Authority constitutes ‘Charitable’ in Nature [Read Order]")
Value of Shares Determined by Merchant Banker shall be Taken for Computation of Perquisite and TDS Liability: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has recently, while deciding an appeal filed before it, held that the value of shares determined by merchant banker shall be taken for the...
![Value of Shares Determined by Merchant Banker shall be Taken for Computation of Perquisite and TDS Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Shares-Merchant-Banker-Computation-of-Perquisite-TDS-Liability-ITAT-taxscan.jpg "Value of Shares Determined by Merchant Banker shall be Taken for Computation of Perquisite and TDS Liability: ITAT [Read Order]")
AO should take Cognizance of Claim made by Assessee on filing of Revised Returns and should proceed in Assessment Stage: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that Assessing Officer (AO) should take cognizance of claim made by assessee on filing of revised returns and should proceed in assessment...
![AO should take Cognizance of Claim made by Assessee on filing of Revised Returns and should proceed in Assessment Stage: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-Revised-Returns-Assessment-ITAT-taxscan.jpg "AO should take Cognizance of Claim made by Assessee on filing of Revised Returns and should proceed in Assessment Stage: ITAT [Read Order]")
Stamp Duty Collected from Customers Treated as Trading Receipt under 43B(a) Allowable: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Cochin Bench, has recently in an appeal filed before it, held that, stamp duty collected from customers shall be treated as trading receipt under 43b(a),...
![Stamp Duty Collected from Customers Treated as Trading Receipt under 43B(a) Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Stamp-Duty-Customers-Trading-Receipt-ITAT-taxscan.jpg "Stamp Duty Collected from Customers Treated as Trading Receipt under 43B(a) Allowable: ITAT [Read Order]")
ITAT deletes upward Adjustment on International Transactions for Payments of Interest on FCDs [Read Order]
The upward adjustment on international transactions for “payments of interest on Fully Convertible Debentures (FCD)” was deleted by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT). ...
![ITAT deletes upward Adjustment on International Transactions for Payments of Interest on FCDs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-international-transactions-Payments-Interest-FCDs-taxscan.jpg "ITAT deletes upward Adjustment on International Transactions for Payments of Interest on FCDs [Read Order]")
More than 15% of revenue generated from India can’t be attributed to PE in India when risk assumed in earlier years had not changed: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that more than 15% of the revenues generated from India can’t be attributed to the PE in India when the risk assumed in earlier years...
![More than 15% of revenue generated from India can’t be attributed to PE in India when risk assumed in earlier years had not changed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/revenue-PE-ITAT-taxscan.jpg "More than 15% of revenue generated from India can’t be attributed to PE in India when risk assumed in earlier years had not changed: ITAT [Read Order]")