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Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.

Pendency of Appeal w.r.t. Joint Development Agreement: ITAT Condones Delay of 395 Days to Avoid Double Addition [Read Order]

Varda Marakkar

In a recent decision, the Income Tax Appellate Tribunal (ITAT) condoned a 395-day delay in the filing of an appeal by the assessee/appellant, M/s...

ITAT Members get reshuffled Places of Posting: Central Govt issues Transfer Order [Read Order]

ITAT quashes Income Tax Additions based on Third Party Statements [Read Order]

Calcutta HC allows Income Tax Deduction u/s 80IA on Port Infrastructure Development [Read Order]

[BREAKING] “Purchases in question were not Bogus”: ITAT uses CESTAT Ruling Ratio to quash Income Tax...

Approval of S. 153D Assessment on Next day by Addl. CIT: ITAT quashes Demand Order [Read Order]

Recently in a case, the Income Tax Appellate Tribunal ( ITAT ) quashed a demand order that arose from an assessment approved under Section 153D of the Income Tax Act 1961 (ITA), The assessee/...

Non-Compliance and Failure to Explain Bank Credits: ITAT upholds ₹3.13 Crore S.69 Addition under Income Tax [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) upheld the addition of ₹3.13 crore as unexplained cash deposits in the bank accounts of an appellant, citing his failure to provide any...

Issue on Acceptance of Additional Evidence against Addition u/s 68 of the Income Tax Act: Kerala HC posts Disposal October 21 [Read Order]

In a recent case on the issue of validity of additional evidence against addition made under section 68 of the Income Tax Act, 1961, the Kerala High Court posted the matter for disposal on...

Supreme Court confirms Kerala High Court decision upholding Income Tax Levy on Compensation for Relinquishing Trusteeship [Read Judgement]

The Division Bench of the Supreme Court of India confirmed the decision of the High Court of Kerala upholding the Income Tax levying on compensation for relinquishing Trusteeship. Because the...

Karnataka HC Upholds Deletion of Disallowance of Short Term Capital Loss Citing Monetary Limit Circular [Read Order]

The court upheld the decision of the Income Tax Appellate Tribunal ( ITAT ) to delete the disallowance of short-term capital loss claimed by M/s Agnus Holdings Pvt. Ltd. and dismissed the Revenue’s...

Failure to Prove University's Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]

Recently in a ruling, the Chhattisgarh High Court quashed the Revenue’s denial of a university's application for income tax exemption under Section 10(23C)(vi) of the Income Tax Act, 1961 ( ITA ),...

Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC [Read Order]

In a recent judgement, The Delhi High Court ruled that rental income from a factory building is classified as income from house property and is eligible for deductions under Section 24 of the Income...

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