ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![CIT(A) order non-granting of TDS & Foreign Taxes paid Credit in the absence of Assessee: ITAT restored to Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CITA-TDS-Foreign-Taxes-Credit-ITAT-TAXSCAN.jpeg "CIT(A) order non-granting of TDS & Foreign Taxes paid Credit in the absence of Assessee: ITAT restored to Fresh Adjudication [Read Order]")
CIT(A) order non-granting of TDS & Foreign Taxes paid Credit in the absence of Assessee: ITAT restored to Fresh Adjudication [Read Order]
CIT(A) non-granting of TDS & Foreign Taxes paid credit on non-appearance of the assessee, the Mumbai Bench of the Income Tax Appellate Tribunal...
![Commission Income would not come under the Presumptive Taxation, not taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Commission-Income-Presumptive-Taxation-ITAT-taxscan.jpg "Commission Income would not come under the Presumptive Taxation, not taxable: ITAT [Read Order]")
![Expenditure towards Issue of ESOP at Discounted Rate Allowable as Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ESOP-Income-Tax-Deduction-ITAT-taxscan.jpg "Expenditure towards Issue of ESOP at Discounted Rate Allowable as Income Tax Deduction: ITAT [Read Order]")
![Relief to Bank of Baroda, Deduction allowed in the form of Amortization of Premium after due verification: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Bank-of-Barod-Deduction-premium-verification-ITAT-revisional-order-TAXSCAN.jpg "Relief to Bank of Baroda, Deduction allowed in the form of Amortization of Premium after due verification: ITAT sets aside Revisional Order [Read Order]")
![Claim of Interest paid to the Firm on overdrawn Capital is allowable as a Business Expense: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-interest-paid-capital-business-expense-ITAT-taxscan.jpg "Claim of Interest paid to the Firm on overdrawn Capital is allowable as a Business Expense: ITAT [Read Order]")
![Annual Technology Licence Fee is Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Annual-Technology-Licence-Fee-Revenue-ITAT-taxscan.jpg "Annual Technology Licence Fee is Revenue in Nature: ITAT [Read Order]")
![Capital Gains Prior to 1st April 2003, Section 50c Not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gains-Prior-ITAT-TAXSCAN.jpg "Capital Gains Prior to 1st April 2003, Section 50c Not Applicable: ITAT [Read Order]")
Assessee Alone can't be Taxed when Land belongs to many Co-owners: ITAT deletes Addition of Capital Gain on Land Acquisition [Read Order]
The Income Tax Appellate Tribunal(ITAT), Chennai Bench, has recently while deciding an appeal filed before it, held that an assessee alone cannot be taxed, when the land belongs to many co-owners. ...
![Assessee Alone cant be Taxed when Land belongs to many Co-owners: ITAT deletes Addition of Capital Gain on Land Acquisition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Land-Co-owners-ITAT-Capital-Gain-Land-Acquisition-ITAT-taxscan.jpg "Assessee Alone cant be Taxed when Land belongs to many Co-owners: ITAT deletes Addition of Capital Gain on Land Acquisition [Read Order]")
Filing of Income Tax Return along with Tax Audit Report: ITAT deletes Penalty of Rs 1 Lakh [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai deleted penalty of Rupees one Lakh as there was proper filing of return of income along with tax audit report. A survey under section 133A of the...
![Filing of Income Tax Return along with Tax Audit Report: ITAT deletes Penalty of Rs 1 Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Return-Tax-Audit-Report-ITAT-Penalty-taxscan-1.jpg "Filing of Income Tax Return along with Tax Audit Report: ITAT deletes Penalty of Rs 1 Lakh [Read Order]")
Application of Valuation method of Rule 11UA upon Preferential Shares: ITAT deletes Addition of Rs 72 Lakhs [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi deleted addition of Rupees 72 lakhs as there was application of valuation method of Rule 11UA upon preferential shares. The assessee company,...
![Application of Valuation method of Rule 11UA upon Preferential Shares: ITAT deletes Addition of Rs 72 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Application-Valuation-Preferential-Shares-ITAT-Addition-TAXSCAN.jpg "Application of Valuation method of Rule 11UA upon Preferential Shares: ITAT deletes Addition of Rs 72 Lakhs [Read Order]")
GTD Expenses are allowable as Income Tax Deduction: ITAT upholds deletion of Disallowance [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that GTD expenses are allowable as Income Tax deduction and upheld the deletion of disallowance BY Commissioner of Income Tax (A)....
![GTD Expenses are allowable as Income Tax Deduction: ITAT upholds deletion of Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/GTD-Expenses-Income-Tax-Deduction-ITAT-taxscan.jpg "GTD Expenses are allowable as Income Tax Deduction: ITAT upholds deletion of Disallowance [Read Order]")
Payment for Grit Purchases and Carriage made through Cash excess can be allowable u/s 40A(3) based on the Nature of Business: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT)has held that payment for Grit purchases and carriage made through cash excess can be allowable u/s 40A(3) of the Income Tax Act,1961 based...
![Payment for Grit Purchases and Carriage made through Cash excess can be allowable u/s 40A(3) based on the Nature of Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Payment-Grit-Purchases-Cash-excess-Business-ITAT-taxscan.jpg "Payment for Grit Purchases and Carriage made through Cash excess can be allowable u/s 40A(3) based on the Nature of Business: ITAT [Read Order]")