ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Value of Shares Determined by Merchant Banker shall be Taken for Computation of Perquisite and TDS Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Shares-Merchant-Banker-Computation-of-Perquisite-TDS-Liability-ITAT-taxscan.jpg "Value of Shares Determined by Merchant Banker shall be Taken for Computation of Perquisite and TDS Liability: ITAT [Read Order]")
Value of Shares Determined by Merchant Banker shall be Taken for Computation of Perquisite and TDS Liability: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has recently, while deciding an appeal filed before it, held that the value of shares...
![AO should take Cognizance of Claim made by Assessee on filing of Revised Returns and should proceed in Assessment Stage: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-Revised-Returns-Assessment-ITAT-taxscan.jpg "AO should take Cognizance of Claim made by Assessee on filing of Revised Returns and should proceed in Assessment Stage: ITAT [Read Order]")
![Stamp Duty Collected from Customers Treated as Trading Receipt under 43B(a) Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Stamp-Duty-Customers-Trading-Receipt-ITAT-taxscan.jpg "Stamp Duty Collected from Customers Treated as Trading Receipt under 43B(a) Allowable: ITAT [Read Order]")
![ITAT deletes upward Adjustment on International Transactions for Payments of Interest on FCDs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-international-transactions-Payments-Interest-FCDs-taxscan.jpg "ITAT deletes upward Adjustment on International Transactions for Payments of Interest on FCDs [Read Order]")
![More than 15% of revenue generated from India can’t be attributed to PE in India when risk assumed in earlier years had not changed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/revenue-PE-ITAT-taxscan.jpg "More than 15% of revenue generated from India can’t be attributed to PE in India when risk assumed in earlier years had not changed: ITAT [Read Order]")
Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi confirmed the addition of capital gain by disallowing cost of purchase and cost of improvement on failure to produce relevant evidence. The...
![Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/relevant-Evidence-ITAT-Capital-Gain-Disallowing-TAXSCAN.jpeg "Failure to Produce relevant Evidence: ITAT confirms Addition of Capital Gain by Disallowing Cost of Purchase and Cost of Improvement [Read Order]")
Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT),Chennai Bench, has recently, in an appeal filed before it, held that revisional jurisdiction cannot be invoked to redo assessment, once the same is completed...
![Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Revisional-Jurisdiction-Assessment-Assessing-Officer-ITAT-taxscan.jpg "Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]")
Contribution to EPF and ESI Funds Allowable, if Paid before Due Date of Filing Income Tax Return: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently in an appeal filed before it, held that contribution to EPF and ESI funds are allowable, if paid before due date of filing income...
![Contribution to EPF and ESI Funds Allowable, if Paid before Due Date of Filing Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Contribution-EPF-ESI-Funds-Income-Tax-Return-ITAT-taxscan.jpg "Contribution to EPF and ESI Funds Allowable, if Paid before Due Date of Filing Income Tax Return: ITAT [Read Order]")
Circuitous Rotation of Unaccounted Money is not a Genuine Loan Transaction: ITAT upholds Addition u/s 68 [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), has held thatcircuitous rotation of unaccounted money is not a genuine loan transaction and upholds addition u/s 68. The appellant, M/s...
![Circuitous Rotation of Unaccounted Money is not a Genuine Loan Transaction: ITAT upholds Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Unaccounted-Money-Loan-Transaction-ITAT-taxscan.jpg "Circuitous Rotation of Unaccounted Money is not a Genuine Loan Transaction: ITAT upholds Addition u/s 68 [Read Order]")
Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that additions merely based on presumptions are not maintainable when no defects can be found...
![Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Books-of-Accounts-ITAT-taxscan.jpeg "Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]")
Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]
Details and evidence to prove the identity & creditworthiness of share subscribers were submitted by the assessee, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) held that the...
![Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-prove-Identity-Creditworthiness-ITAT-TAXSACN.jpg "Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]")