ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Reassessment proceeding is not valid when there is no connection between recorded reason and Addition of the Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reassessment-Income-ITAT-taxscan.jpg "Reassessment proceeding is not valid when there is no connection between recorded reason and Addition of the Income: ITAT [Read Order]")
Reassessment proceeding is not valid when there is no connection between recorded reason and Addition of the Income: ITAT [Read Order]
The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) has held that a reassessment proceeding is not valid when there is no connection...
![Adopting the Circle Rate of the Property is violation of 56(2)(viib): ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Adopting-Circle-Rate-Property-violation-ITAT-upholds-CITA-TAXSCAN.jpg "Adopting the Circle Rate of the Property is violation of 56(2)(viib): ITAT upholds Order of CIT(A) [Read Order]")
![Agreement which goes to root of matter cannot be brushed aside lightly: ITAT directs to consider Trade Mark Licence Agreement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Agreement-ITAT-Trade-Mark-Licence-Agreement-taxscan.jpg "Agreement which goes to root of matter cannot be brushed aside lightly: ITAT directs to consider Trade Mark Licence Agreement [Read Order]")
No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), restored matter to the Assessing Officer (AO), as there was no proof that assessee has not earned any exempt income for relevant...
![No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/proof-Assessee-Exempt-Income-relevant-Assessment-ITAT-restores-matter-AO-TAXSCAN.jpeg "No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]")
No Examination of Weighted Deduction claim u/s 35(2AB): ITAT confirms Revision Order [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), confirmed the Revision Order as there was no examination of weighted deduction claim under Section 35(2AB) of the Income Tax Act, 1961....
![No Examination of Weighted Deduction claim u/s 35(2AB): ITAT confirms Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Weighted-Deduction-claim-ITAT-Revision-Order-taxscan.jpg "No Examination of Weighted Deduction claim u/s 35(2AB): ITAT confirms Revision Order [Read Order]")
![No Objection on Disallowance under section 14A: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Objection-Disallowance-ITAT-Penalty-TAXSCAN.jpg "No Objection on Disallowance under section 14A: ITAT deletes Penalty [Read Order]")
![Amount already offered to Tax by Assessee: ITAT quashes revision order by PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Tax-Assessee-ITAT-PCIT-TAXSCAN.jpeg "Amount already offered to Tax by Assessee: ITAT quashes revision order by PCIT [Read Order]")
Purchase of Raw Material and making packing material is manufacture: ITAT allows Additional Depreciation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Indore Bench allowed additional depreciation as Purchase of raw material and making packing material is manufacture. The assessee-company, M/s. Madhuri...
![Purchase of Raw Material and making packing material is manufacture: ITAT allows Additional Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Purchase-Raw-Material-packing-material-manufacture-ITAT-Depreciation-TAXSCAN.jpg "Purchase of Raw Material and making packing material is manufacture: ITAT allows Additional Depreciation [Read Order]")
![FCCD are Debt: ITAT confirms benchmarking done by applying LIBOR plus 200 points [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/FCCD-Debt-ITAT-benchmarking-LIBOR-taxscan.jpg "FCCD are Debt: ITAT confirms benchmarking done by applying LIBOR plus 200 points [Read Order]")
Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), held that Delay in appointment of Auditor and finalization of annual accounts are not valid ground for imposing penalty. The assessee, M/s. Madhya...
![Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delay-Appointment-Auditor-Finalization-Annual-Accounts-Penalty-ITAT-TAXSCAN.jpg "Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]")