ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Notice-Assessment-Order-ITAT-taxscan.jpg "Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]")
Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that notice u/s 143(2) served on wrong address invalidates the assessment...
![ITAT deletes Disallowance of Rs 1 Lakh on account of Democratization of Premium of Govt Securities [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Disallowance-Premium-Govt-Securities-taxscan.jpg "ITAT deletes Disallowance of Rs 1 Lakh on account of Democratization of Premium of Govt Securities [Read Order]")
![Capital Gain from Sale of Immovable Property below Taxable Limit: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Immovable-Property-Taxable-Limit-ITAT-Penalty-taxscan.jpg "Capital Gain from Sale of Immovable Property below Taxable Limit: ITAT deletes Penalty [Read Order]")
![Depreciation allowable u/s 11(6) when Cost of Fixed Assets not claimed application of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Depreciation-Cost-Fixed-Assets-Income-ITAT-taxscan.jpg "Depreciation allowable u/s 11(6) when Cost of Fixed Assets not claimed application of Income: ITAT [Read Order]")
![Filing of Wrong TDS Statement is a Mere Technical Inadvertent Error, Late Fee u/s 234E Not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/TDS-Statement-Technical-Inadvertent-Error-Late-Fee-ITAT-taxscan.jpg "Filing of Wrong TDS Statement is a Mere Technical Inadvertent Error, Late Fee u/s 234E Not Applicable: ITAT [Read Order]")
Generation of Electricity is Manufacture, eligible for Income Tax Deduction u/s 32AC: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that generation of electricity is manufacture, eligible for deduction under Section 32AC of the Income Tax Act, 1961. The assessee...
![Generation of Electricity is Manufacture, eligible for Income Tax Deduction u/s 32AC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Electricity-Manufacture-Income-Tax-Deduction-ITAT-taxscan.jpeg "Generation of Electricity is Manufacture, eligible for Income Tax Deduction u/s 32AC: ITAT [Read Order]")
No Claim of Capital Loss when revised Income Tax Return filed u/s 139(5) became non-est: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that there is no claim of capital loss when revised return filed under Section 139(5) of the Income Tax Act, 1961 became non-est. The...
![No Claim of Capital Loss when revised Income Tax Return filed u/s 139(5) became non-est: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-Capital-Loss-Income-Tax-Return-non-est-ITAT-taxscan.jpg "No Claim of Capital Loss when revised Income Tax Return filed u/s 139(5) became non-est: ITAT [Read Order]")
Due intimation given on Amalgamation of Company: ITAT treats Assessment Order as null and void [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore treated assessment order as null as due intimation was given on amalgamation of company by the assessee, M/s. Biocon Biologics Limited. The...
![Due intimation given on Amalgamation of Company: ITAT treats Assessment Order as null and void [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Amalgamation-ITAT-Assessment-Order-void-taxscan.jpg "Due intimation given on Amalgamation of Company: ITAT treats Assessment Order as null and void [Read Order]")
![Casual and Cavalier attitude of Assessee: ITAT directs to pay Rs 2000 to PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessee-ITAT-PM-Relief-Fund-taxscan.jpg "Casual and Cavalier attitude of Assessee: ITAT directs to pay Rs 2000 to PM Relief Fund [Read Order]")
ITAT considers Revised Tax Audit Report as Additional Evidence as it is vital piece of evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench held that ITAT considered Revised Tax Audit Report as additional evidence as it is vital piece of evidence. The assessee, Anil Kumar...
![ITAT considers Revised Tax Audit Report as Additional Evidence as it is vital piece of evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revised-Tax-Audit-Report-evidence-taxscan.jpg "ITAT considers Revised Tax Audit Report as Additional Evidence as it is vital piece of evidence [Read Order]")
![No Proof of Delivery and Service of Notice: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Service-Notice-ITAT-Penalty-taxscan.jpeg "No Proof of Delivery and Service of Notice: ITAT deletes Penalty [Read Order]")
Rental Income not to be Assessed as ‘Business Income’, Adjustment Made u/s 143(3) Unsustainable in Law: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench, has recently, in an appeal filed before it, held that rental income shall not to be assessed as ‘business income’, and that adjustment made u/s...
![Rental Income not to be Assessed as ‘Business Income’, Adjustment Made u/s 143(3) Unsustainable in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Rental-Income-Business-Income-ITAT-Taxscan.jpeg "Rental Income not to be Assessed as ‘Business Income’, Adjustment Made u/s 143(3) Unsustainable in Law: ITAT [Read Order]")