ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Fixed-Deposits-Business-ITAT-taxscan.jpg "Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]")
Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai Bench, has recently held that interest on fixed deposits being attributable and incidental to the...
![ITAT directs to Compute Capital gain and Exemption u/s 54 F based on Details of Expenses incurred on Construction of House [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Compute-Capital-gain-Exemption-Expenses-TAXSCAN.jpg "ITAT directs to Compute Capital gain and Exemption u/s 54 F based on Details of Expenses incurred on Construction of House [Read Order]")
![Every Deposit during Demonetization period Not amounts to Unaccounted Cash, Addition u/s 68 not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Deposit-Demonetisation-Unaccounted-Cash-ITAT-taxscan.jpg "Every Deposit during Demonetization period Not amounts to Unaccounted Cash, Addition u/s 68 not allowable: ITAT [Read Order]")
![Form No.67 is not mandatory but a directory requirement, Disallowance of FTC due to delay in filing the same not valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Form-No.67-directory-requirement-FTC-ITAT-taxscan.jpg "Form No.67 is not mandatory but a directory requirement, Disallowance of FTC due to delay in filing the same not valid: ITAT [Read Order]")
![Relief to Conduent Services: ITAT directs to apply MAP rate on Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Conduent-Services-ITAT-MAP-Transactions-TAXSCAN.jpg "Relief to Conduent Services: ITAT directs to apply MAP rate on Transactions [Read Order]")
15% Depreciation allowable to Stainless steel tables, Stools, etc used for production of vaccines: ITAT grants Relief to Serum Institute of India [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the depreciation at 15 % to Serum Institute of India Ltd on products like Stainless steel tables, Stools, etc which are used for...
![15% Depreciation allowable to Stainless steel tables, Stools, etc used for production of vaccines: ITAT grants Relief to Serum Institute of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Depreciation-production-vaccines-ITAT-Serum-Institute-of-India-taxscan.jpg "15% Depreciation allowable to Stainless steel tables, Stools, etc used for production of vaccines: ITAT grants Relief to Serum Institute of India [Read Order]")
Relief to NXP India: ITAT directs Fresh Adjudication on Depreciation on Networking Equipment [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), Bangalore directed fresh adjudication on depreciation on networking equipment, and thereby granting relief to NXP India Pvt Ltd. ...
![Relief to NXP India: ITAT directs Fresh Adjudication on Depreciation on Networking Equipment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/NXP-India-ITAT-Depreciation-taxscan.jpg "Relief to NXP India: ITAT directs Fresh Adjudication on Depreciation on Networking Equipment [Read Order]")
Management Fee not taxable in India under India-USA DTAA: ITAT deletes Disallowance u/s 40(a)(i) [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted disallowance under Section 40(a)(i) of the Income Tax Act, 1961 as Management fee not taxable in India under India-USA Double...
![Management Fee not taxable in India under India-USA DTAA: ITAT deletes Disallowance u/s 40(a)(i) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Management-taxable-India-USA-DTAA-ITAT-Disallowance-TAXSCAN.jpg "Management Fee not taxable in India under India-USA DTAA: ITAT deletes Disallowance u/s 40(a)(i) [Read Order]")
AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]
The Delhi High Court has held that AMP expenses incurred cannot be termed as an international transaction in absence of evidence and upheld the order of the ITAT. M/s. Amadeus India Pvt. Ltd, the...
![AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/AMP-Expenses-International-Transaction-evidence-Delhi-HC-ITAT-taxscan.jpg "AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]")
Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently in an appeal filed before it, held that the benefit given for sick company u/s 115 JB will not available when net worth of the...
![Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Sick-Company-Available-When-Net-Worth-has-Turned-Positive-ITAT-TAXSCAN.jpg "Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]")
![Service Expenses Towards abandoned Film not to be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Service-Expenses-Towards-abandoned-Film-Disallowed-ITAT-TAXSCAN.jpg "Service Expenses Towards abandoned Film not to be Disallowed: ITAT [Read Order]")