ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Every Assessment Year is a Separate Unit, Assessment based on Its Peculiar Facts: Delhi HC dismisses Appeal by Akzonobel India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Delhi-HC-dismisses-Appeal-Akzonobel-TAXSCAN.jpg "Every Assessment Year is a Separate Unit, Assessment based on Its Peculiar Facts: Delhi HC dismisses Appeal by Akzonobel India [Read Order]")
Every Assessment Year is a Separate Unit, Assessment based on Its Peculiar Facts: Delhi HC dismisses Appeal by Akzonobel India [Read Order]
Ina major setback to M/s Akzonobel India Private Limited, the Delhi High Court has dismissed the appeal and held that every Assessment Year is a...
![Sales Return cannot be treated as an Asset and Liability when subsequently taken into Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Sales-return-asset-and-liability-books-of-account-ITAT-taxscan.jpeg "Sales Return cannot be treated as an Asset and Liability when subsequently taken into Books of Account: ITAT [Read Order]")
![Addition made for Premium on Redemption of Preference Shares as Deemed Dividend not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/premium-redemption-of-preference-shares-deemed-dividend-ITAT-taxscan.jpg "Addition made for Premium on Redemption of Preference Shares as Deemed Dividend not sustainable: ITAT [Read Order]")
![Reasonable Opportunity of Hearing to be Compulsory Observed: ITAT Remands Toshiba’s Appeal to CIT(A) for want of Compliance of Natural Justice Principles [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reasonable-Opportunity-Of-Hearing-ITAT-Toshibas-Appeal-CITA-Natural-Justice-Principles-Taxscan.jpg "Reasonable Opportunity of Hearing to be Compulsory Observed: ITAT Remands Toshiba’s Appeal to CIT(A) for want of Compliance of Natural Justice Principles [Read Order]")
![Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Return-Penalty-ITAT.jpg "Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]")
![Reopening of Assessment not to be made on Mere Change of Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reopening-Of-Assessment-ITAT-Taxscan-ReAssessment.jpeg "Reopening of Assessment not to be made on Mere Change of Opinion: ITAT [Read Order]")
Entire expenses claimed as Compensation and Tenant Payment not to be capitalised as WIP: ITAT orders Fresh Examination [Read Order]
The Income Tax Appellate Tribunal (ITAT), ordered a fresh examination on the consideration that Entire expenses claimed as Compensation and Tenant Payment are not to be capitalized as WIP (Work In...
![Entire expenses claimed as Compensation and Tenant Payment not to be capitalised as WIP: ITAT orders Fresh Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Compensation-Tenant-Payment-WIP-ITAT-fresh-examination-taxscan.jpeg "Entire expenses claimed as Compensation and Tenant Payment not to be capitalised as WIP: ITAT orders Fresh Examination [Read Order]")
Penalty u/s 271(1)(c) not sustainable in the absence of Concealment or Furnishing of inaccurate particulars of Income: ITAT [Read Order]
Penalty u/s 271(1)(c) of the Income Tax Act,1961 is not sustainable in the absence of concealment or furnishing of inaccurate particulars of income, the Chennai bench of the Income Tax...
![Penalty u/s 271(1)(c) not sustainable in the absence of Concealment or Furnishing of inaccurate particulars of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-concealment-income-ITAT-taxscan.jpeg "Penalty u/s 271(1)(c) not sustainable in the absence of Concealment or Furnishing of inaccurate particulars of Income: ITAT [Read Order]")
ITAT upholds Disallowance of Bogus Purchase which has No Implication in Income Accounted for Work in Progress [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of bogus purchases which have no implication in income accounted for work in progress. The appeal and the Cross...
![ITAT upholds Disallowance of Bogus Purchase which has No Implication in Income Accounted for Work in Progress [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Bogus-Purchase-income-accounted-taxscan.jpeg "ITAT upholds Disallowance of Bogus Purchase which has No Implication in Income Accounted for Work in Progress [Read Order]")
![Relief to Raw Pressery: ITAT sets aside Addition of Rupees 115 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Relief-to-Raw-Pressery-ITAT-taxscan.jpg "Relief to Raw Pressery: ITAT sets aside Addition of Rupees 115 Cr [Read Order]")
Capital Gain Exemption u/s 54 allowable on amount Invested in Construction of Residential House: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) comprising N K Billaiya (Accountant Member) and Astha Chandra (Judicial Member), upholding an order of the CIT(A), held in favor of the...
![Capital Gain Exemption u/s 54 allowable on amount Invested in Construction of Residential House: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-gain-Exemption-Residential-House-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54 allowable on amount Invested in Construction of Residential House: ITAT [Read Order]")
Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Pune has recently while allowing an appeal filed before it, held that the assessment shall not exceed the scope of prescribed limited scrutiny, except as...
![Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Scrutiny-Law-ITAT-taxscan.jpeg "Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]")