ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![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]")
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...
![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]](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]")
![Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessing-Officer-Income-Tax-Deduction-Amortization-Premium-ITAT-Revisional-Order-taxscan.jpeg "Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]")
![Non-Submission of Proof of TDS deducted while Claiming Freight and Carriage Charges: ITAT upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/TDS-Freight-and-Carriage-Charges-ITAT-Taxscan.jpg "Non-Submission of Proof of TDS deducted while Claiming Freight and Carriage Charges: ITAT upholds Disallowance [Read Order]")
Setting aside of Assessment by citing jurisdictional defect is Technical Error: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted penalty and held that setting aside of assessment by citing jurisdictional defect is technical error. The assessee in the present...
![Setting aside of Assessment by citing jurisdictional defect is Technical Error: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-jurisdictional-Technical-ITAT-Penalty-TAXSCAN.jpg "Setting aside of Assessment by citing jurisdictional defect is Technical Error: ITAT deletes Penalty [Read Order]")
Relief to Motorola: ITAT holds AMP Expenses and Warranty Expenses not separate International Transaction [Read Order]
In a major relief to M/s. Motorola Mobility India Private Limited, the Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that AMP expenses and warranty expenses not separate international...
![Relief to Motorola: ITAT holds AMP Expenses and Warranty Expenses not separate International Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Motorola-ITAT-AMP-Expenses-Warranty-Expenses-TAXSCAN.jpg "Relief to Motorola: ITAT holds AMP Expenses and Warranty Expenses not separate International Transaction [Read Order]")
ITAT allows Expenses Incurred for R&D: Biotechnology R&D Expenses to be Deducted as Revenue Expenditure [Read Order]
The Income Tax Appellate Authority at Chennai has held that, the disallowance made by the Assessing Officer (AO) and as confirmed by Commissioner of Income Tax (Appeals) [CIT(A)] is not sustainable...
![ITAT allows Expenses Incurred for R&D: Biotechnology R&D Expenses to be Deducted as Revenue Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Research-and-Development-Expenses-Biotechnology-RD-Expenses-Revenue-Expenditure-taxscan.jpg "ITAT allows Expenses Incurred for R&D: Biotechnology R&D Expenses to be Deducted as Revenue Expenditure [Read Order]")
![No Opportunity of Cross Examination given: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cross-Examination-ITAT-Assessment-Order-taxscan.jpg "No Opportunity of Cross Examination given: ITAT quashes Assessment Order [Read Order]")
Remuneration including Bonus to Partners duly Supported by Partnership Deed: ITAT Directs Fresh Adjudication on Disallowance [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Kolkata bench, while considering an issue of disallowance under Section 40(b)(v) of the Income Tax Act, 1961, has observed that the...
![Remuneration including Bonus to Partners duly Supported by Partnership Deed: ITAT Directs Fresh Adjudication on Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Remuneration-Bonus-to-Partners-Partnership-Deed-ITAT-Fresh-Adjudication-taxscan.jpg "Remuneration including Bonus to Partners duly Supported by Partnership Deed: ITAT Directs Fresh Adjudication on Disallowance [Read Order]")
![Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Notice-Assessment-Order-ITAT-taxscan.jpg "Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]")
ITAT deletes Disallowance of Rs 1 Lakh on account of Democratization of Premium of Govt Securities [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted disallowance of Rupees 1 Lakh on account of democratization of premium of government securities. The assessee, Ram Garhia...
![ITAT deletes Disallowance of Rs 1 Lakh on account of Democratization of Premium of Govt Securities [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Disallowance-Premium-Govt-Securities-taxscan.jpg "ITAT deletes Disallowance of Rs 1 Lakh on account of Democratization of Premium of Govt Securities [Read Order]")