ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Addition-assessee-sufficient-evidence-ITAT-taxscan.jpeg "Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]")
Addition u/s 68 on Assessee Company not sustainable when the onus was discharged with sufficient evidence: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that addition under section 68 of the Income Tax Act,1961 on the assessee company is...
![Deletion of Disallowance u/s 40(a) not valid in the Absence of Verification on Inclusion of Amount in Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-Income-ITAT-taxscan.jpg "Deletion of Disallowance u/s 40(a) not valid in the Absence of Verification on Inclusion of Amount in Income: ITAT [Read Order]")
![Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Exemption-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]")
![Manual Filing of Appeal due to Lack of Awareness regarding E-Filing procedures: ITAT restores matter to CIT for fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/appeal-E-filing-procedures-ITAT-CIT-fresh-adjudication-taxscan.jpeg "Manual Filing of Appeal due to Lack of Awareness regarding E-Filing procedures: ITAT restores matter to CIT for fresh adjudication [Read Order]")
Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench refused to condone the delay of 807 days as there was a delay on the ground due to the late filing of an appeal on advice from a consultant. ...
![Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/appeal-Consultant-ITAT-condone-delay-taxscan.jpg "Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days [Read Order]")
Lapse of 15 years to produce Supporting Documents before AO: ITAT disallows Depreciation Claim [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench disallowed depreciation claim as there was Lapse of 15 years to produce supporting documents before Assessing Officer (AO). The assessee,...
![Lapse of 15 years to produce Supporting Documents before AO: ITAT disallows Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/documents-AO-ITAT-depreciation-claim-taxscan.jpg "Lapse of 15 years to produce Supporting Documents before AO: ITAT disallows Depreciation Claim [Read Order]")
ATM machines eligible for Depreciation at 60% as applicable to Computer Software, AO has to compute WDV at same rate: ITAT
ATM machines are eligible for depreciation at 60% as applicable to computer software, the Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed to compute WDV at the same rate. The...
Assessee entitled to 80G Deduction on Donations made towards Chief Minister KanyaKelvaniNidhi : ITAT [Read Order]
The Income Tax Appellate Tribunal “A” Bench, Ahmedabad, has recently, in an appeal filed before it, held that the assessee is entitled to 80G deduction with regard to the contributions or donations...
![Assessee entitled to 80G Deduction on Donations made towards Chief Minister KanyaKelvaniNidhi : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Assessee-Deduction-Donations-Towards-ITAT-TAXSCAN.jpg "Assessee entitled to 80G Deduction on Donations made towards Chief Minister KanyaKelvaniNidhi : ITAT [Read Order]")
Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench, has, in a recent appeal filed before it, held that advance given to a subsidiary company for the purpose of business is to be allowed as...
![Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Advance-Subsidiary-Company-Loss-Business-ITAT.jpg "Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]")
Relief to ICICI Bank: ITAT confirms Interest Expenses on Perpetual Bonds, allowable as Deduction u/s 36(1)(iii) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that Interest expenses on perpetual bonds, allowable as deduction under Section 36(1)(iii) of the Income Tax Act, 1961 thereby granting...
![Relief to ICICI Bank: ITAT confirms Interest Expenses on Perpetual Bonds, allowable as Deduction u/s 36(1)(iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ICICI-Bank-ITAT-Interest-Expenses-Perpetual-Bonds-Deduction-taxscan.jpeg "Relief to ICICI Bank: ITAT confirms Interest Expenses on Perpetual Bonds, allowable as Deduction u/s 36(1)(iii) [Read Order]")
Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench deleted addition of Rupees One Crore as Loan received represents unexplained cash loan credit books of accounts. The only issue raised by...
![Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-Loan-Books-of-Accounts-ITAT-taxscan.jpeg "Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]")