ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![ESOP Expenses are not allowable When the Shares/ ESOP are granted by Parent Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ESOP-Expenses-Shares-ESOP-Parent-Company-ITAT-taxscan.jpg "ESOP Expenses are not allowable When the Shares/ ESOP are granted by Parent Company: ITAT [Read Order]")
ESOP Expenses are not allowable When the Shares/ ESOP are granted by Parent Company: ITAT [Read Order]
ESOP expenses are not allowable when the shares/ ESOP are granted by the Parent company the Delhi Bench of, the Income Tax Appellate Tribunal (ITAT)...
![Salary allowable as Expenditure When Calculation Sheets on Pay Revision available: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Salary-Calculation-Sheets-on-Pay-Revision-ITAT-TAXSCAN.jpg "Salary allowable as Expenditure When Calculation Sheets on Pay Revision available: ITAT [Read Order]")
![Foundation for Levy of Penalty is on Addition made of Concealment of Income, No Penalty u/s 271(1)(c) imposable in the Absence of Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-Addition-Concealment-Income-Penalty-ITAT-TAXSCAN.jpg "Foundation for Levy of Penalty is on Addition made of Concealment of Income, No Penalty u/s 271(1)(c) imposable in the Absence of Addition: ITAT [Read Order]")
![No Evidence of Rental receipt from Property: ITAT sustain Addition on Cash Deposits into Bank Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-Rental-receipt-ITAT-Addition-Cash-Deposits-Bank-Account-taxscan.jpg "No Evidence of Rental receipt from Property: ITAT sustain Addition on Cash Deposits into Bank Account [Read Order]")
![Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, Allowable for Exemption u/s 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Imported-Goods-Re-Exported-Approved-Development-SEZ-ITAT-TAXSCAN.jpg "Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, Allowable for Exemption u/s 10AA: ITAT [Read Order]")
Rules cannot override the Act, relief allowable u/s 90 in respect of the Foreign Tax Credit: ITAT [Read Order]
The Mumbai Bench Income Tax Appellate Tribunal (ITAT)has held that Rules cannot override the Act, relief allowable u/s 90 of the Income Tax Act,1961 in respect of the Foreign Tax Credit (FTC). ...
![Rules cannot override the Act, relief allowable u/s 90 in respect of the Foreign Tax Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Rules-allowable-Foreign-Tax-Credit-ITAT-TAXSCAN.jpg "Rules cannot override the Act, relief allowable u/s 90 in respect of the Foreign Tax Credit: ITAT [Read Order]")
CUP method can be applied for benchmarking International Transactions when no change occurred than previous year: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT)has held that the CUP method can be applied for benchmarking international transactions when no change occurred in the previous year. ...
![CUP method can be applied for benchmarking International Transactions when no change occurred than previous year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/CUP-International-Transactions-ITAT-TAXSCAN.jpg "CUP method can be applied for benchmarking International Transactions when no change occurred than previous year: ITAT [Read Order]")
Registered Society's Revenue belonging to Consolidated Fund of Govt, Eligible for 10(23C) (iiiab) Exemption: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has recently, in an appeal filed before it, held that registered society’s revenue which belongs to the consolidated fund of Govt., is...
![Registered Societys Revenue belonging to Consolidated Fund of Govt, Eligible for 10(23C) (iiiab) Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Revenue-Consolidated-Fund-Exemption-ITAT-TAXSACN.jpg "Registered Societys Revenue belonging to Consolidated Fund of Govt, Eligible for 10(23C) (iiiab) Exemption: ITAT [Read Order]")
Value of Goods Declared for Central Excise Purpose shall be Considered before Concluding upon under Invoicing of Products: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently in an appeal filed before it, held that the value of goods declared for central excise purpose shall be considered before...
![Value of Goods Declared for Central Excise Purpose shall be Considered before Concluding upon under Invoicing of Products: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Goods-Products-ITAT-taxscan.jpg "Value of Goods Declared for Central Excise Purpose shall be Considered before Concluding upon under Invoicing of Products: ITAT [Read Order]")
Income Tax Addition on Deemed letting value not permissible when property was not let out: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that addition on deemed letting value not permissible when the property was not let out and deleted the addition. The...
![Income Tax Addition on Deemed letting value not permissible when property was not let out: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-Deemed-value-permissible-property-ITAT-TAXSCAN.jpg "Income Tax Addition on Deemed letting value not permissible when property was not let out: ITAT [Read Order]")
![Income Tax Authorities Bound to Follow CBDT Circulars: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Authorities-Bound-CBDT-Circulars-ITAT-taxscan.jpg "Income Tax Authorities Bound to Follow CBDT Circulars: ITAT [Read Order]")
Interest Expenditure not to be Treated as Capital Expenditure: ITAT upholds Allowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that interest expenditure is not to be treated as capital expenditure and hence that the same...
![Interest Expenditure not to be Treated as Capital Expenditure: ITAT upholds Allowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Interest-Expenditure-Capital-Expenditure-ITAT-taxscan.jpg "Interest Expenditure not to be Treated as Capital Expenditure: ITAT upholds Allowance [Read Order]")