ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![No Income Tax Penalty for Disallowance of Bonafide Claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Penalty-Bonafide-Claim-ITAT-taxscan.jpeg "No Income Tax Penalty for Disallowance of Bonafide Claim: ITAT [Read Order]")
No Income Tax Penalty for Disallowance of Bonafide Claim: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has, recently in an appeal filed before it, held that income tax penalty shall not be imposed...
![Relief to Toyota India: ITAT deletes Disallowance u/s 14A [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Toyota-India-ITAT-Disallowance-taxscan.jpeg "Relief to Toyota India: ITAT deletes Disallowance u/s 14A [Read Order]")
![ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-business-expediency-payment-genuine-transaction-TAXSCAN.jpeg "ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]")
![Deduction of Foreign Exchange Loss suffered is duly allowable as Loss incurred during year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Deduction-Foreign-Exchange-Loss-Loss-ITAT-taxscan.jpeg "Deduction of Foreign Exchange Loss suffered is duly allowable as Loss incurred during year: ITAT [Read Order]")
![Illiterate person not aware that certain amount received under VRS was exempt: ITAT condones delay of 887 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Illiterate-person-VRS-ITAT-taxscan.jpg "Illiterate person not aware that certain amount received under VRS was exempt: ITAT condones delay of 887 days [Read Order]")
![Dividend Income needs to treated as Exempt Income u/s.10(34), No Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Dividend-Income-Income-Tax-Liability-ITAT-taxscan.jpg "Dividend Income needs to treated as Exempt Income u/s.10(34), No Tax Liability: ITAT [Read Order]")
Receipt of Loan and Cash Gift as Tradition in Marriage of a Female: ITAT directs Dept to Re-Verify Claim [Read Order]
The Delhi bench of the Income tax Appellate Tribunal (ITAT), while allowing the appeal of the assesse, has directed the income tax department to re-verify the claim in connection with the receipt of...
![Receipt of Loan and Cash Gift as Tradition in Marriage of a Female: ITAT directs Dept to Re-Verify Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Receipt-Loan-Cash-Gift-Tradition-Marriage-Female-ITAT-Re-Verify-Claim-TAXSCAN.jpg "Receipt of Loan and Cash Gift as Tradition in Marriage of a Female: ITAT directs Dept to Re-Verify Claim [Read Order]")
Vehicle Registered in the Director's Name but used for Company's Business Purposes: ITAT allows Depreciation [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai, has recently, while deciding a group of appeals filed before it, held that depreciation is allowable on vehicle registered in the director’s name...
![Vehicle Registered in the Directors Name but used for Companys Business Purposes: ITAT allows Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Vehicle-Director-Company-ITAT-Depreciation-taxscan.jpg "Vehicle Registered in the Directors Name but used for Companys Business Purposes: ITAT allows Depreciation [Read Order]")
![Cash Payment of Bonus to Employees: ITAT deletes Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Payment-Bonus-Employees-ITAT-Income-Tax-Penalty-TAXSCAN.jpeg "Cash Payment of Bonus to Employees: ITAT deletes Income Tax Penalty [Read Order]")
No Penalty u/s 271(1)(c) upon Assessee for Duplication of Assets happening due to Mistakes at the Chartered Accountant Office: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) , Chennai, has recently, in an appeal filed before it by an assessee, held that penalty u/s 271 (1)( c ) should not be imposed upon the assessee for the...
![No Penalty u/s 271(1)(c) upon Assessee for Duplication of Assets happening due to Mistakes at the Chartered Accountant Office: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-Duplication-Assets-Chartered-Accountant-Office-ITAT-taxscan.jpg "No Penalty u/s 271(1)(c) upon Assessee for Duplication of Assets happening due to Mistakes at the Chartered Accountant Office: ITAT [Read Order]")
No Disallowance on Ground of Non-Deduction of TDS from Salary When the Same is Disclosed in Employees ITR: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai, has recently, while deciding a group of appeals filed before it, held that disallowance shall not be made on the ground of non - deduction of TDS...
![No Disallowance on Ground of Non-Deduction of TDS from Salary When the Same is Disclosed in Employees ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-TDS-from-Salary-Employees-ITR-ITAT-taxscan.jpg "No Disallowance on Ground of Non-Deduction of TDS from Salary When the Same is Disclosed in Employees ITR: ITAT [Read Order]")
Indexation benefit to be Given on Improvement Expenses Increased towards Capital Assets: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore, has recently, in an appeal filed before it, held that indexation benefit to be given on improvement expenses increased towards capital assets. ...
![Indexation benefit to be Given on Improvement Expenses Increased towards Capital Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Assets-ITAT-TAXSCAN.jpg "Indexation benefit to be Given on Improvement Expenses Increased towards Capital Assets: ITAT [Read Order]")