ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Verification of Cash Deposits without considering Repayment and Submissions of Assessee: ITAT cancels Confirmation of Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Deposit-Verification-of-Cash-Deposits-Repayment-Submissions-of-Assessee-ITAT-taxscan.jpg "Verification of Cash Deposits without considering Repayment and Submissions of Assessee: ITAT cancels Confirmation of Additions [Read Order]")
Verification of Cash Deposits without considering Repayment and Submissions of Assessee: ITAT cancels Confirmation of Additions [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench cancelled the confirmation of additional amount without verifying the repayment and...
![Assessee not Liable for Non-Compliance of the Deductor: ITAT allows TDS Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-Compliance-Deductor-ITAT-TDS-Credit-TDS-Taxscan.jpg "Assessee not Liable for Non-Compliance of the Deductor: ITAT allows TDS Credit [Read Order]")
![Mere Making of a Wrong Claim would not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Income-Tax-Penalty-ITAT-taxscan.jpg "Mere Making of a Wrong Claim would not attract Income Tax Penalty: ITAT [Read Order]")
![One percentage Disallowance is reasonable on Fraudulent Capital Gain obtained by Manipulating Stock Broker: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Fraudulent-Capital-Gain-Capital-Gain-Fraudulent-Manipulating-Stock-Broker-Stock-Broker-ITAT-taxscan.jpg "One percentage Disallowance is reasonable on Fraudulent Capital Gain obtained by Manipulating Stock Broker: ITAT [Read Order]")
![Section 115BBE of Income Tax Act not to be triggered by modifying premise of revisional directions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Act-Income-Tax-Tax-revisional-directions-ITAT-taxscan.jpg "Section 115BBE of Income Tax Act not to be triggered by modifying premise of revisional directions: ITAT [Read Order]")
![Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-TDS-Interest-Revenue-Penalty-ITAT-Payment-of-TDS-taxscan.jpg "Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]")
Non-formation of GST Tribunal: Gujarat HC issues notice to Central Govt in Refund Claim Case [Read Order]
The Gujarat High Court has recently issued notice to the Central Government seeking the steps taken towards the formulation of Goods and Services Tax (GST) Tribunal in a Civil Application filed by...
![Non-formation of GST Tribunal: Gujarat HC issues notice to Central Govt in Refund Claim Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-formation-of-GST-Tribunal-Gujarat-HC-issues-notice-to-Central-Govt-in-Refund-Claim-Case-TAXSCAN-1.jpg "Non-formation of GST Tribunal: Gujarat HC issues notice to Central Govt in Refund Claim Case [Read Order]")
Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Hyderabad bench dismissed the appeal filed by the assessee and held that the production and sale of the tissue culture plant is a business activity, not an...
![Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Production-Sale-Production-and-Sale-Tissue-Culture-Plants-Business-Activity-Agricultural-ITAT-taxscan.jpg "Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]")
Limited Company being an Inanimate Person, cannot have anything 'Personal': ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]
The Income Tax Appellate Tribunal (ITAT) company is an inanimate person and there cannot be anything “personal” and therefore, allowed depreciation claim by the assessee-company in respect of a...
![Limited Company being an Inanimate Person, cannot have anything Personal: ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Depreciation-Luxury-Sports-Car-Director-Company-Inanimate-Person-Depreciation-on-Luxury-Sports-Car-Income-Tax-taxscan.jpg "Limited Company being an Inanimate Person, cannot have anything Personal: ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]")
Expenses towards Development of Abandoned Software Eligible for Income Tax Deduction: Bombay HC [Read Order]
A division bench of the Bombay High Court has held that the expenses incurred in respect of the development of an abandoned software would be eligible for income tax deduction as the same constitute...
![Expenses towards Development of Abandoned Software Eligible for Income Tax Deduction: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Software-Development-of-Software-Income-Tax-Deduction-Deduction-Income-Tax-Tax-Bombay-High-Court-taxscan.jpg "Expenses towards Development of Abandoned Software Eligible for Income Tax Deduction: Bombay HC [Read Order]")
Rough Notings by Assessee to Prove Payment of LIC Premium Sufficient to Prove Genuineness of Cash Deposit: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur bench has deleted an addition treating LIC premium as unexplained cash deposit by accepting the rough notings by the assessee as actual transactions. ...
![Rough Notings by Assessee to Prove Payment of LIC Premium Sufficient to Prove Genuineness of Cash Deposit: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-assessee-actual-transactions-LIC-Premium-taxscan.jpeg "Rough Notings by Assessee to Prove Payment of LIC Premium Sufficient to Prove Genuineness of Cash Deposit: ITAT deletes Addition [Read Order]")
![ITAT quashes Assessment Order passed in Violation of Time Limit u/s 153(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-quashes-Assessment-Order-passed-in-Violation-of-Time-Limit-TAXSCAN.jpg "ITAT quashes Assessment Order passed in Violation of Time Limit u/s 153(1) [Read Order]")