ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Reopening of Income Tax Assessment cannot be made on mere Change of Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reopening-Income-Tax-ITAT-TAXSCAN-3.jpg "Reopening of Income Tax Assessment cannot be made on mere Change of Opinion: ITAT [Read Order]")
Reopening of Income Tax Assessment cannot be made on mere Change of Opinion: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai held that Reopening of assessment cannot be made on mere change of opinion. The assessee was...
![Google Tax not attracted as Service Recipients are Outside India: ITAT deletes Disallowance of Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Google-Tax-Service-Recipients-ITAT-Payment-taxscan.jpg "Google Tax not attracted as Service Recipients are Outside India: ITAT deletes Disallowance of Payment [Read Order]")
![No Payment made above Purchase Price of Asset: ITAT deletes Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/payment-purchase-price-of-asset-ITAT-Penalty-taxscan.jpg "No Payment made above Purchase Price of Asset: ITAT deletes Penalty u/s 271(1)(c) [Read Order]")
![Ignoring Assessee’s Submissions and Additional Evidence is Patently and Legally Wrong: ITAT condemns NFAC’s Approach [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Additional-Evidence-ITAT-NFAC-taxscan.jpeg "Ignoring Assessee’s Submissions and Additional Evidence is Patently and Legally Wrong: ITAT condemns NFAC’s Approach [Read Order]")
![Deduction of Interest u/s. 24(b) based on Wrong Assumption of facts and Applying Incorrect Law: ITAT upholds Review u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-Interest-section-24b-Wrong-Assumption-Incorrect-Law-ITAT-section-263-Taxscan.jpg "Deduction of Interest u/s. 24(b) based on Wrong Assumption of facts and Applying Incorrect Law: ITAT upholds Review u/s 263 [Read Order]")
Proceedings u/s 153 can't Invalidate without examining incriminating material found in Search: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that proceedings under section 153 can’t be invalidated without examining incriminating material found in the search. The...
![Proceedings u/s 153 cant Invalidate without examining incriminating material found in Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/incriminating-material-ITAT-taxscan.jpeg "Proceedings u/s 153 cant Invalidate without examining incriminating material found in Search: ITAT [Read Order]")
Interest Income from FDRs not Taxable till the Date of Final Arbitral Award where Ownership is Determined: Delhi HC [Read Order]
The Delhi High Court has held that the income tax is not leviable on the interest income from FDRs till the date of the final arbitral awardwhere the ownership of such FDRs was finally established. ...
![Interest Income from FDRs not Taxable till the Date of Final Arbitral Award where Ownership is Determined: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Income-FDRs-Delhi-HC-TAXSCAN.jpg "Interest Income from FDRs not Taxable till the Date of Final Arbitral Award where Ownership is Determined: Delhi HC [Read Order]")
Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]
Jurisdiction under section 263 can invoke only on inadequacy in enquiry done by Assessing Officer and the Bengaluru bench of Income Tax Appellate Tribunal (ITAT) has set aside revisional order. ...
![Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Jurisdiction-enquiry-ITAT-Revisional-order-taxscan.jpeg "Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]")
Order that suffers from patent irregularity, cannot be made foundation for subsequent proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench held that Order that suffers from patent irregularity, cannot be made foundation for subsequent proceedings. M/s. Goyal Solar Systems Pvt....
![Order that suffers from patent irregularity, cannot be made foundation for subsequent proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/patent-ITAT-taxscan.jpeg "Order that suffers from patent irregularity, cannot be made foundation for subsequent proceedings: ITAT [Read Order]")
Allowance on Cost of Improvement not Claimable in the Absence of Supporting Bills, Vouchers, Source Funds etc: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT) “SMC” Bench, Mumbai, has recently, in an appeal filed before it by an assessee, held that allowance on the cost of improvement is not claimable in the absence...
![Allowance on Cost of Improvement not Claimable in the Absence of Supporting Bills, Vouchers, Source Funds etc: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Bill-Vouchers-Source-Funds-ITAT-taxscan.jpeg "Allowance on Cost of Improvement not Claimable in the Absence of Supporting Bills, Vouchers, Source Funds etc: ITAT [Read Order]")
AO to Compute Capital Gains considering the Value as Determined by the Department Valuation Officer: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT) “SMC” Bench, Mumbai, has recently, in an appeal filed before it by an assessee, held that the Assessing Officer (A0), shall compute the capital gains only...
![AO to Compute Capital Gains considering the Value as Determined by the Department Valuation Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gains-Department-Valuation-Officer-ITAT-taxscan.jpg "AO to Compute Capital Gains considering the Value as Determined by the Department Valuation Officer: ITAT [Read Order]")
Registration sought u/s 12AA(1)(a) not to be Denied for want of Submission of Original Documents, Self-Certified Copy Sufficient: ITAT [Read Order]
The Income Tax Appellate Tribunal, Jaipur Benches, “B” Jaipur, has recently while deciding upon an appeal filed before it by the Assessee, held that registration sought u/s 12AA(1)(a) of the Act...
![Registration sought u/s 12AA(1)(a) not to be Denied for want of Submission of Original Documents, Self-Certified Copy Sufficient: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Registration-Original-Documents-ITAT-taxscan.jpg "Registration sought u/s 12AA(1)(a) not to be Denied for want of Submission of Original Documents, Self-Certified Copy Sufficient: ITAT [Read Order]")