ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![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]")
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...
![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]")
![Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Assessment-ITAT-taxscan.jpg "Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]")
![TPO not to Step into the Shoes of Assessee to Decide Prudence of Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TPO-Expenditure-ITAT-taxscan-1.jpg "TPO not to Step into the Shoes of Assessee to Decide Prudence of Expenditure: ITAT [Read Order]")
![8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Gross-Revenue-Net-Profit-Civil-Contract-Business-taxscan.jpg "8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]")
AO fails to provide Opportunity for Cross-Examination of Witness: ITAT deletes Addition on account of Additional Net Profit
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench has held that Assessing Officer fails to provide an opportunity for cross-examination of witnesses and deletes addition on account of...
GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal has held that GST paid on the sale of the byproduct of coal and total purchase price collected as a middleman cannot be added u/s 68 of the Income...
![GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/GST-Coal-middleman-ITAT-TAXSCAN.jpg "GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]")
Expenses in Nature of General Administration and Selling Cost are Deductible as Revenue Expenditure: Delhi HC [Read Order]
A Division Bench of the Delhi High Court held that Expenses in nature of general administration and selling cost are deductible as revenue expenditure. The appeal has been preferred by the...
![Expenses in Nature of General Administration and Selling Cost are Deductible as Revenue Expenditure: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Expenses-Nature-General-Administration-Selling-Cost-Deductible-Revenue-Expenditure-Delhi-HC-TAXSCAN.jpg "Expenses in Nature of General Administration and Selling Cost are Deductible as Revenue Expenditure: Delhi HC [Read Order]")
Disallowance of Business Promotion Expenses without Examination of Vouchers quashed: ITAT remands matter to AO [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that, business promotion expenses by the assessee as Proprietor of SJM Enterprises cannot be disallowed without...
![Disallowance of Business Promotion Expenses without Examination of Vouchers quashed: ITAT remands matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Promotion-Expenses-Vouchers-ITAT-AO-taxscan.jpg "Disallowance of Business Promotion Expenses without Examination of Vouchers quashed: ITAT remands matter to AO [Read Order]")
CIT(A) order accepting Additional Evidence in Violation of Rule 46A of Income Tax Rules not valid: ITAT sets aside Order
CIT(A) order accepting Additional evidence in violation of rule 46A of Income Tax Rules not valid, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)set aside the order. M/s. Allied...
Provisions of Section 41(1) cannot apply when liability is still payable to Sundry Creditor and not written off in Books of Account: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), held that Provisions of section 41(1) of the Income Tax Act, 1961 cannot apply when liability is still ‘payable’ to sundry creditor and...
![Provisions of Section 41(1) cannot apply when liability is still payable to Sundry Creditor and not written off in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/liability-still-payable-Books-of-Account-ITAT-TAXSCAN.jpeg "Provisions of Section 41(1) cannot apply when liability is still payable to Sundry Creditor and not written off in Books of Account: ITAT [Read Order]")
Not clear about loss occurred due to Embezzlement by Employees, the claim of Loss made by employee not allowable: ITAT [Read Order]
In the case of Aditya Birla Money Mart Limited, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a claim of Loss made by the branch employee is not allowable when it is not...
![Not clear about loss occurred due to Embezzlement by Employees, the claim of Loss made by employee not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/loss-Embezzlement-claim-employee-ITAT-taxscan.jpg "Not clear about loss occurred due to Embezzlement by Employees, the claim of Loss made by employee not allowable: ITAT [Read Order]")