ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Tax-Liability-Compensation-Interest-cost-Insurance-cost-Modification-Assets-Warranty-ITAT-taxscan.jpg "No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]")
No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has held that no tax liability on compensation received towards interest cost, insurance cost,...
![No Income attributed to DAPE of Adobe-Ireland in India, When Transaction between Indian AE and Foreign party found at ALP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/income-DAPE-Adobe-Ireland-in-India-transaction-Indian-AE-foreign-party-arms-length-price-ITAT-taxscan.jpg "No Income attributed to DAPE of Adobe-Ireland in India, When Transaction between Indian AE and Foreign party found at ALP: ITAT [Read Order]")
![Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Amount-account-lodging-local-transport-application-income-ITAT-taxscan.jpeg "Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]")
![No Capital Gains on Transfer of Goodwill on Account of Conversion: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Capital-Gains-Transfer-Of-Goodwill-ITAT-taxscan.jpg "No Capital Gains on Transfer of Goodwill on Account of Conversion: ITAT dismisses Revenues Appeal [Read Order]")
![Ola not liable to deduct TDS on payment to driver: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/OLA-ITAT-Case-Ola-TDS-on-payment-ITAT-taxscan.jpeg "Ola not liable to deduct TDS on payment to driver: ITAT [Read Order]")
No Evidence of Tax Evasion by showing Fictitious or False Transactions: ITAT deletes Addition of Expenditure u/s 40A(3) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Patna Bench has held that no evidence of tax evasion by showing fictitious or false transactions and deleted the addition of expenditure under section...
![No Evidence of Tax Evasion by showing Fictitious or False Transactions: ITAT deletes Addition of Expenditure u/s 40A(3) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-Tax-Evasion-ITAT-taxscan.jpeg "No Evidence of Tax Evasion by showing Fictitious or False Transactions: ITAT deletes Addition of Expenditure u/s 40A(3) [Read Order]")
![ITAT allows Additional Depreciation claimed for Windmill u/s 32(1)(iia) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-additional-depreciation-claim-windmill-taxscan.jpg "ITAT allows Additional Depreciation claimed for Windmill u/s 32(1)(iia) [Read Order]")
Capital Gain can't be Taxed when actual possession of Property is not Transferred as per the Agreement: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital gain can’t be taxed when actual possession of the property is not transferred as per the agreement The assessee,...
![Capital Gain cant be Taxed when actual possession of Property is not Transferred as per the Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Capital-gain-possession-of-the-property-agreement-ITAT-taxscan.jpg "Capital Gain cant be Taxed when actual possession of Property is not Transferred as per the Agreement: ITAT [Read Order]")
Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has up held the denial of exemption claimed under sections 11 and 12 since failure to file Form No.10B electronically. The appellant, Shri...
![Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Form-No.10B-ITAT-claim-taxscan.jpeg "Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]")
![Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Accounts-advances-ITAT-Write-off-taxscan.jpg "Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]")
ITAT allows Capital Gain Exemption u/s 54B on Sale of Agricultural Land even if Land is cultivated for some days during Relevant Years [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench,comprising of Shri Inturi Rama Rao, AM and Shri S S Viswanethra Ravi, JM has allowed exemption u/s 54B of the Income Tax Act,1961 on the sale of...
![ITAT allows Capital Gain Exemption u/s 54B on Sale of Agricultural Land even if Land is cultivated for some days during Relevant Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-agricultural-land-taxscan.jpg "ITAT allows Capital Gain Exemption u/s 54B on Sale of Agricultural Land even if Land is cultivated for some days during Relevant Years [Read Order]")
ITAT quashes Levy of Penalty u/s 271(1)(c) without mentioning Specific Charge in the Notice issued u/s 274 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench presided by Mr. Challa Nagendra Prasad, Judicial Member has quashed levy of penalty under section 271(1)(c) without mentioning specific charge in...
![ITAT quashes Levy of Penalty u/s 271(1)(c) without mentioning Specific Charge in the Notice issued u/s 274 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Penalty-Notice-taxscan.jpeg "ITAT quashes Levy of Penalty u/s 271(1)(c) without mentioning Specific Charge in the Notice issued u/s 274 [Read Order]")