ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Claims not part of Resolution Plan stands extinguished on Approval of Resolution Plan by Adjudicating Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Adjudicating-Authority-ITAT-taxscan.jpeg "Claims not part of Resolution Plan stands extinguished on Approval of Resolution Plan by Adjudicating Authority: ITAT [Read Order]")
Claims not part of Resolution Plan stands extinguished on Approval of Resolution Plan by Adjudicating Authority: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad held that claims not part of the resolution plan stands extinguished on approval of the...
![Deposit of Demonetized Currency proved with the Bank Statement, Addition u/s 69A not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Deposit-demonetised-currency-bank-statement-ITAT-taxscan.jpg "Deposit of Demonetized Currency proved with the Bank Statement, Addition u/s 69A not sustainable: ITAT [Read Order]")
![Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/business-losses-speculative-income-ITAT-taxscan.jpg "Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]")
![Denial of TDS Credit on ground of Mismatch in Form 26AS and 16A Insensitive and Violative of CBDT Charter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/TDS-Form-26AS-and-16A-CBDT-Charter-ITAT-taxscan.jpg "Denial of TDS Credit on ground of Mismatch in Form 26AS and 16A Insensitive and Violative of CBDT Charter: ITAT [Read Order]")
Misconception on facts of Case: ITAT sets aside Dismissal of Appeal stating Non-Compliance u/s 249(4)(b) [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi set aside the dismissal of the appeal stating noncompliance under Section 249(4)(b) on the ground of misconception of facts. The assessee, Tulsi...
![Misconception on facts of Case: ITAT sets aside Dismissal of Appeal stating Non-Compliance u/s 249(4)(b) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/case-ITAT-appeal-taxscan.jpeg "Misconception on facts of Case: ITAT sets aside Dismissal of Appeal stating Non-Compliance u/s 249(4)(b) [Read Order]")
Addition of Unexplained Cash Credit not sustained when Creditworthiness and genuineness of Transaction proven: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled that the addition of unexplained cash credit does not sustain when the creditworthiness and genuineness of the transaction are...
![Addition of Unexplained Cash Credit not sustained when Creditworthiness and genuineness of Transaction proven: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/cash-credit-transaction-ITAT-taxscan.jpg "Addition of Unexplained Cash Credit not sustained when Creditworthiness and genuineness of Transaction proven: ITAT [Read Order]")
Depreciation on Block of Assets: ITAT directs to allow Depreciation in respect of Closed Units/Non-Functional Undertakings [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT), has been directed to allow depreciation in respect of closed units and non-functional undertakings since depreciation is claimed on the...
![Depreciation on Block of Assets: ITAT directs to allow Depreciation in respect of Closed Units/Non-Functional Undertakings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Block-of-Assets-ITAT-Depreciation-taxscan.jpg "Depreciation on Block of Assets: ITAT directs to allow Depreciation in respect of Closed Units/Non-Functional Undertakings [Read Order]")
Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the credit or subsidy from suppliers of aircraft engines and other components are capital receipts and deleted the addition. The...
![Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Indigo-Airlines-Subsidy-Aircraft-Engines-Capital-Receipts-ITAT-taxscan.jpeg "Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]")
Amount paid by Purchaser of Property to Tenant can’t be taxed in the Capital Asset of Owner: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that amount paid by the purchaser of property to the tenant can’t be taxed in the capital asset of the owner. The four...
![Amount paid by Purchaser of Property to Tenant can’t be taxed in the Capital Asset of Owner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/purchaser-of-property-capital-asset-ITAT-taxscan.jpg "Amount paid by Purchaser of Property to Tenant can’t be taxed in the Capital Asset of Owner: ITAT [Read Order]")
![Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Re-Assessment-ITAT-taxscan.jpeg "Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]")
![No Addition of Interest on Restructure of Working Capital Cash Credit Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-Working-Capital-Cash-Credit-Loan-ITAT-taxscan.jpg "No Addition of Interest on Restructure of Working Capital Cash Credit Loan: ITAT [Read Order]")