ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Advance Pricing Agreement is applicable only for the specified period not exceeding five consecutive previous years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Advance-Pricing-Agreement-ITAT-taxscan.jpg "Advance Pricing Agreement is applicable only for the specified period not exceeding five consecutive previous years: ITAT [Read Order]")
Advance Pricing Agreement is applicable only for the specified period not exceeding five consecutive previous years: ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the Advance Pricing Agreement is applicable only for the specified period...
![Addition on Cash Deposit during Demonetisation is not permissible when opportunity to adduce evidence to prove the Source was given: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Deposit-Demonetisationis-opportunity-evidence-ITAT-TAXSCAN.jpg "Addition on Cash Deposit during Demonetisation is not permissible when opportunity to adduce evidence to prove the Source was given: ITAT [Read Order]")
![An Amount Paid Based on a Percentage of Turnover or Profit is Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Amount-Turnover-Profit-ITAT-taxscan.jpg "An Amount Paid Based on a Percentage of Turnover or Profit is Revenue in Nature: ITAT [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]](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]")
![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]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has allowed income tax deduction in respect of the expenditure towards the issue of ESOP to the employees at discount rates. The...
![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]
A.O allowed the deduction in the form of amortization of premium with due verification, and the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)has set aside the revisional order on Bank of...
![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]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that the claim of interest paid to the firm on overdrawn capital is an allowable business expense. Bhawneshwar Kumar, the...
![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]")