ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![No Objection on Disallowance under section 14A: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Objection-Disallowance-ITAT-Penalty-TAXSCAN.jpg "No Objection on Disallowance under section 14A: ITAT deletes Penalty [Read Order]")
No Objection on Disallowance under section 14A: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted penalty as there was no objection on the disallowance under Section 14A of the Income...
![Amount already offered to Tax by Assessee: ITAT quashes revision order by PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Tax-Assessee-ITAT-PCIT-TAXSCAN.jpeg "Amount already offered to Tax by Assessee: ITAT quashes revision order by PCIT [Read Order]")
![Purchase of Raw Material and making packing material is manufacture: ITAT allows Additional Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Purchase-Raw-Material-packing-material-manufacture-ITAT-Depreciation-TAXSCAN.jpg "Purchase of Raw Material and making packing material is manufacture: ITAT allows Additional Depreciation [Read Order]")
![FCCD are Debt: ITAT confirms benchmarking done by applying LIBOR plus 200 points [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/FCCD-Debt-ITAT-benchmarking-LIBOR-taxscan.jpg "FCCD are Debt: ITAT confirms benchmarking done by applying LIBOR plus 200 points [Read Order]")
![Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delay-Appointment-Auditor-Finalization-Annual-Accounts-Penalty-ITAT-TAXSCAN.jpg "Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]")
Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]
In a recent ruling, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that, the Commissioner of Income Tax (Appeals) [CIT(A)] has erred in rejecting an appeal without due...
![Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Appeal-VSVS-Scheme-ITAT-taxscan.jpeg "Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]")
Relief to Serum Institute of India, Corporate Guarantee cannot be treated on par with Bank Guarantees: ITAT upholds the order of CIT(A) [Read Order]
As a relief to the serum institute of India, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that corporate guarantees cannot be treated on par with Bank Guarantees and upheld...
![Relief to Serum Institute of India, Corporate Guarantee cannot be treated on par with Bank Guarantees: ITAT upholds the order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Serum-Institute-of-India-Corporate-Guarantee-Bank-Guarantees-ITAT-CITA-taxscan.jpg "Relief to Serum Institute of India, Corporate Guarantee cannot be treated on par with Bank Guarantees: ITAT upholds the order of CIT(A) [Read Order]")
Revisional Order cannot be invoked When AO revised TDS Credit after due verification of Reconciliation Statement: ITAT [Read Order]
While considering a bunch of appeals, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisional order cannot be invoked when AO revised TDS credit after due...
![Revisional Order cannot be invoked When AO revised TDS Credit after due verification of Reconciliation Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revisional-Order-AO-TDS-verification-ITAT-TAXSCAN.jpeg "Revisional Order cannot be invoked When AO revised TDS Credit after due verification of Reconciliation Statement: ITAT [Read Order]")
Notice u/s 148 issued based on Incomplete Information without any Verification: ITAT quashes Assessment Order [Read Order]
Notice u/s 148 of the Income Tax Act,1961 issued based on incomplete information without any verification, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT)quashed the assessment order. ...
![Notice u/s 148 issued based on Incomplete Information without any Verification: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Notice-on-Incomplete-Information-Verification-ITAT-Assessment-Order-TAXSCAN.jpg "Notice u/s 148 issued based on Incomplete Information without any Verification: ITAT quashes Assessment Order [Read Order]")
Interest received on enhanced Compensation u/s 28 of Land Acquisition Act is part of Compensation: ITAT grants Exemption u/s 10(37) [Read Order]
Interest received on enhanced compensation u/s 28 of Land Acquisition Act is part of compensation, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) grants an exemption under section 10(37)...
![Interest received on enhanced Compensation u/s 28 of Land Acquisition Act is part of Compensation: ITAT grants Exemption u/s 10(37) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Interest-Land-Acquisition-Act-Compensation-ITAT-taxscan.jpg "Interest received on enhanced Compensation u/s 28 of Land Acquisition Act is part of Compensation: ITAT grants Exemption u/s 10(37) [Read Order]")
Disallowance of Loss on Trading in Shares and Communities based on fictitious transactions not permissible when evidence adduced: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that disallowance of loss on trading in shares and Communities based on fictitious transactions is not permissible when the...
![Disallowance of Loss on Trading in Shares and Communities based on fictitious transactions not permissible when evidence adduced: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Disallowance-Loss-evidence-adduced-ITAT-TAXSCAN.jpg "Disallowance of Loss on Trading in Shares and Communities based on fictitious transactions not permissible when evidence adduced: ITAT [Read Order]")
Agricultural Income assessed without due enquiry: ITAT upholds order of PCIT for Revision of Assessment [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT) comprising Judicial Member Beena Pillai and Accountant Member Chandra Poojari upheld the order of the Principal Commissioner of Income...
![Agricultural Income assessed without due enquiry: ITAT upholds order of PCIT for Revision of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Agricultural-Income-enquiry-ITAT-PCIT-Assessment-taxscan.jpeg "Agricultural Income assessed without due enquiry: ITAT upholds order of PCIT for Revision of Assessment [Read Order]")