ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![15% Depreciation allowable to Stainless steel tables, Stools, etc used for production of vaccines: ITAT grants Relief to Serum Institute of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Depreciation-production-vaccines-ITAT-Serum-Institute-of-India-taxscan.jpg "15% Depreciation allowable to Stainless steel tables, Stools, etc used for production of vaccines: ITAT grants Relief to Serum Institute of India [Read Order]")
15% Depreciation allowable to Stainless steel tables, Stools, etc used for production of vaccines: ITAT grants Relief to Serum Institute of India [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the depreciation at 15 % to Serum Institute of India Ltd on products like...
![Relief to NXP India: ITAT directs Fresh Adjudication on Depreciation on Networking Equipment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/NXP-India-ITAT-Depreciation-taxscan.jpg "Relief to NXP India: ITAT directs Fresh Adjudication on Depreciation on Networking Equipment [Read Order]")
![Management Fee not taxable in India under India-USA DTAA: ITAT deletes Disallowance u/s 40(a)(i) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Management-taxable-India-USA-DTAA-ITAT-Disallowance-TAXSCAN.jpg "Management Fee not taxable in India under India-USA DTAA: ITAT deletes Disallowance u/s 40(a)(i) [Read Order]")
![AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/AMP-Expenses-International-Transaction-evidence-Delhi-HC-ITAT-taxscan.jpg "AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]")
![Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Sick-Company-Available-When-Net-Worth-has-Turned-Positive-ITAT-TAXSCAN.jpg "Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]")
![Service Expenses Towards abandoned Film not to be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Service-Expenses-Towards-abandoned-Film-Disallowed-ITAT-TAXSCAN.jpg "Service Expenses Towards abandoned Film not to be Disallowed: ITAT [Read Order]")
Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]
In the case of the Serum Institute of India, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of deduction under section 10AA of the Income Tax Act,1961 cannot be...
![Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Serum-Institute-of-India-Corporate-Guarantee-Bank-Guarantees-ITAT-taxscan.jpg "Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]")
Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Serum Institute of India by allowing the expense incurred on foreign travel of the director and his wife of the...
![Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/foreign-travel-business-revenue-expenditure-ITAT-Serum-Institute-of-India-taxscan.jpg "Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]")
Assessee has no liability to maintain Books of Account when availed the Presumptive Scheme u/s 44AD: ITAT [Read Order]
The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee has no liability to maintain books of account when availed the presumptive scheme under section 44AD of the...
![Assessee has no liability to maintain Books of Account when availed the Presumptive Scheme u/s 44AD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Books-of-Account-Presumptive-Scheme-ITAT-taxscan.jpeg "Assessee has no liability to maintain Books of Account when availed the Presumptive Scheme u/s 44AD: ITAT [Read Order]")
Enquiry and Investigation as per CBDT Instructions on Cash Deposited in Post Demonetisation period is necessary, Addition u/s 68 not allowable: ITAT restores the issue
Addition under section 68 of the Income Tax Act, 1961 is not allowable when the enquiry and investigation as per CBDT Instructions on cash deposited in post demonetisation period which is necessary...
Payment to Legal and Tax Consultants are Revenue Expenditure: ITAT sets aside Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench sets aside disallowance as payment to legal and tax consultants are revenue expenditure. The assessee company, M/s. Instel Services Pvt...
![Payment to Legal and Tax Consultants are Revenue Expenditure: ITAT sets aside Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Payment-Legal-Tax-Consultant-Revenue-Expenditure-ITAT-taxscan.jpg "Payment to Legal and Tax Consultants are Revenue Expenditure: ITAT sets aside Disallowance [Read Order]")
Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted addition as cash deposited during demonetization period does not exceed threshold limit. In course of assessment proceedings, the...
![Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Deposited-Demonetization-period-Threshold-Limit-ITAT-Income-Tax-Addition-TAXSCAN.jpeg "Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]")