ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/relevant-Evidence-ITAT-Capital-Gain-Disallowing-TAXSCAN.jpeg "Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]")
Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi confirmed the addition of capital gain by disallowing cost of purchase and cost of improvement on...
![Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Revisional-Jurisdiction-Assessment-Assessing-Officer-ITAT-taxscan.jpg "Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]")
![Contribution to EPF and ESI Funds Allowable, if Paid before Due Date of Filing Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Contribution-EPF-ESI-Funds-Income-Tax-Return-ITAT-taxscan.jpg "Contribution to EPF and ESI Funds Allowable, if Paid before Due Date of Filing Income Tax Return: ITAT [Read Order]")
![Circuitous Rotation of Unaccounted Money is not a Genuine Loan Transaction: ITAT upholds Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Unaccounted-Money-Loan-Transaction-ITAT-taxscan.jpg "Circuitous Rotation of Unaccounted Money is not a Genuine Loan Transaction: ITAT upholds Addition u/s 68 [Read Order]")
Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that additions merely based on presumptions are not maintainable when no defects can be found...
![Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Books-of-Accounts-ITAT-taxscan.jpeg "Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]")
Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]
Details and evidence to prove the identity & creditworthiness of share subscribers were submitted by the assessee, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) held that the...
![Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-prove-Identity-Creditworthiness-ITAT-TAXSACN.jpg "Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]")
Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that section 153c is to be applied for assessment proceedings, based on material seized from...
![Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Assessment-ITAT-taxscan.jpg "Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]")
![TPO not to Step into the Shoes of Assessee to Decide Prudence of Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TPO-Expenditure-ITAT-taxscan-1.jpg "TPO not to Step into the Shoes of Assessee to Decide Prudence of Expenditure: ITAT [Read Order]")
8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]
The Income Tax Appellate Tribunal (ITAT), Patna Bench, has recently, in an appeal filed before it, while restricting the net profit rate of 6% in civil contract business, held that 8% income over the...
![8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Gross-Revenue-Net-Profit-Civil-Contract-Business-taxscan.jpg "8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]")
AO fails to provide Opportunity for Cross-Examination of Witness: ITAT deletes Addition on account of Additional Net Profit
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench has held that Assessing Officer fails to provide an opportunity for cross-examination of witnesses and deletes addition on account of...
GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal has held that GST paid on the sale of the byproduct of coal and total purchase price collected as a middleman cannot be added u/s 68 of the Income...
![GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/GST-Coal-middleman-ITAT-TAXSCAN.jpg "GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]")