ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Serum-Institute-of-India-Corporate-Guarantee-Bank-Guarantees-ITAT-taxscan.jpg "Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]")
Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]
In the case of the Serum Institute of India, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of deduction under...
![Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/foreign-travel-business-revenue-expenditure-ITAT-Serum-Institute-of-India-taxscan.jpg "Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]")
![Assessee has no liability to maintain Books of Account when availed the Presumptive Scheme u/s 44AD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Books-of-Account-Presumptive-Scheme-ITAT-taxscan.jpeg "Assessee has no liability to maintain Books of Account when availed the Presumptive Scheme u/s 44AD: ITAT [Read Order]")
![Payment to Legal and Tax Consultants are Revenue Expenditure: ITAT sets aside Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Payment-Legal-Tax-Consultant-Revenue-Expenditure-ITAT-taxscan.jpg "Payment to Legal and Tax Consultants are Revenue Expenditure: ITAT sets aside Disallowance [Read Order]")
Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted addition as cash deposited during demonetization period does not exceed threshold limit. In course of assessment proceedings, the...
![Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Deposited-Demonetization-period-Threshold-Limit-ITAT-Income-Tax-Addition-TAXSCAN.jpeg "Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]")
Non-consideration of Partnership Deed and Supplementary Deed furnished by Assessee: ITAT sets aside Assessment Order [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), set aside assessment order as there was no proper of the Partnership Deed and the Supplementary Deed furnished by assessee. The...
![Non-consideration of Partnership Deed and Supplementary Deed furnished by Assessee: ITAT sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/consideration-Partnership-Supplementary-Assessee-ITAT-Assessment-Order-TAXSCAN.jpg "Non-consideration of Partnership Deed and Supplementary Deed furnished by Assessee: ITAT sets aside Assessment Order [Read Order]")
Non-Compliance with Notice issued as Assessee not well versed with Electronic Gadgets: ITAT restores to CIT(A) [Read Order]
The Non-compliance with the notice issued for hearing, as the assessee is not well versed with electronic gadgets, the Surat Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter for...
![Non-Compliance with Notice issued as Assessee not well versed with Electronic Gadgets: ITAT restores to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Notice-issued-Assessee-Electronic-Gadgets-ITAT-restores-CITA-TAXSCAN-1.jpeg "Non-Compliance with Notice issued as Assessee not well versed with Electronic Gadgets: ITAT restores to CIT(A) [Read Order]")
Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that split up of TDS Rule 37BA(3)(ii) is allowable when corresponding income is assessable to tax. Larsen & Toubro Public...
![Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/TDS-Rule-Corresponding-Income-Tax-ITAT-taxscan.jpg "Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT [Read Order]")
Receiver of Sum in Cash Liable u/s 269ST of Income Tax Act: ITAT Quashes Proceedings against Investor for Investment made in Cash [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, while quashing a revisional proceeding, has held that the provisions of section 269ST of the Income Tax Act, 1961 are applicable on the...
![Receiver of Sum in Cash Liable u/s 269ST of Income Tax Act: ITAT Quashes Proceedings against Investor for Investment made in Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Receiver-Income-Tax-Act-ITAT-Proceedings-Investor-Investment-made-Cash-TAXSCAN-1.jpg "Receiver of Sum in Cash Liable u/s 269ST of Income Tax Act: ITAT Quashes Proceedings against Investor for Investment made in Cash [Read Order]")
MAT Credit of Transferee Company can be carried forward and set off against Tax Liability of Amalgamated Company: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that MAT credit of the transferee company can be carried forward and set off against tax liability of the amalgamated company. ...
![MAT Credit of Transferee Company can be carried forward and set off against Tax Liability of Amalgamated Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/MAT-Credit-Transferee-Company-Tax-Liability-ITAT-TAXSCAN.jpeg "MAT Credit of Transferee Company can be carried forward and set off against Tax Liability of Amalgamated Company: ITAT [Read Order]")
Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while allowing an appeal by Bollywood actress Sonakshi Sihna, has held that the claim of foreign tax credit is allowable even if the form 67 is...
![Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Foreign-Tax-Credit-Income-Tax-Due-Date-ITAT-Actress-Sonakshi-Sinha-taxscan.jpg "Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]")