ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Training Expenses that do not result in New Income is not Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Training-Expenses-Income-Capital-Expenditure-ITAT-taxscan.jpg "Training Expenses that do not result in New Income is not Capital Expenditure: ITAT [Read Order]")
Training Expenses that do not result in New Income is not Capital Expenditure: ITAT [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ), held that training expenses that does not result in new income is not capital...
![No Material Records to invoke Disallowance u/s 40A(3): ITAT directs AO to estimate Addition at 10% for Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/material-disallowance-ITAT-AO-Purchases-TAXSCAN.jpg "No Material Records to invoke Disallowance u/s 40A(3): ITAT directs AO to estimate Addition at 10% for Purchases [Read Order]")
![CIT to Exercise Revisional Power u/s 263 only When AOs Order is Erroneous and Prejudicial to the Interest of the Revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CIT-Order-Interest-Revenue-ITAT-taxscan.jpg "CIT to Exercise Revisional Power u/s 263 only When AOs Order is Erroneous and Prejudicial to the Interest of the Revenue: ITAT [Read Order]")
![Rental Income cant be brought to Tax When Assessee not entered into any Lease Agreement with Tenants: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Rental-income-tax-lease-agreement-tenants-ITAT-Taxscan.jpg "Rental Income cant be brought to Tax When Assessee not entered into any Lease Agreement with Tenants: ITAT [Read Order]")
![Importer liable for making Forged Imports: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Importer-liable-making-Forged-Imports-CESTAT-TAXSCAN.jpg "Importer liable for making Forged Imports: CESTAT [Read Order]")
Hindi Sahitya Sammelan eligible for Income Tax Exemption u/s10(23C) (vi) of Income Tax Act: ITAT [Read Order]
The Allahabad bench of Income Tax Appellate Tribunal (ITAT) has held that the Hindi Sahitya Sammelan is eligible for Income tax exemption under section10 (23C) (vi) the Income Tax Act. The...
![Hindi Sahitya Sammelan eligible for Income Tax Exemption u/s10(23C) (vi) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Hindi-Sahitya-Sammelan-eligible-Income-Tax-Exemption-Income-Tax-Act-ITAT-TAXSCAN.jpg "Hindi Sahitya Sammelan eligible for Income Tax Exemption u/s10(23C) (vi) of Income Tax Act: ITAT [Read Order]")
Disallowance of Expenditure of Interest in year of actual Payment in merchandise system of Accounting: ITAT deletes Addition made by AO
Income Tax Appellate Tribunal (ITAT), New Delhi deleted addition made by Assessing Officer (AO) on the ground of disallowance of expenditure of interest in year of actual payment in merchandise...
Proceedings u/s 153C cannot be initiated in absence of incriminating material found during search: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) held that proceedings under Section 153C of the Income Tax Act, 1961 cannot be initiated in absence of incriminating material found...
![Proceedings u/s 153C cannot be initiated in absence of incriminating material found during search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/incriminating-material-ITAT-taxscan.jpg "Proceedings u/s 153C cannot be initiated in absence of incriminating material found during search: ITAT [Read Order]")
Absence to take note of Judicial Pronouncements in DVO Report: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), deleted income tax addition as there was absence to take note of judicial pronouncements in District Valuation Officer (DVO) Report. During the year under...
![Absence to take note of Judicial Pronouncements in DVO Report: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/judicial-pronouncements-DVO-Report-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Absence to take note of Judicial Pronouncements in DVO Report: ITAT deletes Income Tax Addition [Read Order]")
Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore, has recently while deciding an appeal filed before it by an assessee, held that net profit margin arising in comparable uncontrolled...
![Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Net-Profit-Margin-International-Transactions-Transactions-ITAT-taxscan.jpg "Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]")
AO failed to record the satisfaction envisaged u/s 14A(2): ITAT deletes proceedings against Serum Institute of India [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) deleted proceedings against Serum Institute of India by upholding the order of CIT(A) which deletes the disallowance as the AO failed to...
![AO failed to record the satisfaction envisaged u/s 14A(2): ITAT deletes proceedings against Serum Institute of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/AO-ITAT-Serum-Institute-of-India-taxscan.jpg "AO failed to record the satisfaction envisaged u/s 14A(2): ITAT deletes proceedings against Serum Institute of India [Read Order]")
AO failed to follow directions by ITAT to estimate net profit: Calcutta HC directs to calculate profit estimated in its entirety [Read Order]
The Calcutta High Court (HC) directed AO to calculate the profit estimated in its entirety when AO failed to follow the direction by ITAT to estimate net profit. Calcutta Urology Research Centre...
![AO failed to follow directions by ITAT to estimate net profit: Calcutta HC directs to calculate profit estimated in its entirety [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/AO-ITAT-Calcutta-HC-TAXSCAN.jpg "AO failed to follow directions by ITAT to estimate net profit: Calcutta HC directs to calculate profit estimated in its entirety [Read Order]")