ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Madras HC quashes Ex-parte Income Tax Assessment Order for Passing Non-Speaking Order without Considering Submissions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Ex-parte-Income-Tax-Assessment-Order-Income-Tax-Assessment-Taxscan.jpg "Madras HC quashes Ex-parte Income Tax Assessment Order for Passing Non-Speaking Order without Considering Submissions [Read Order]")
Madras HC quashes Ex-parte Income Tax Assessment Order for Passing Non-Speaking Order without Considering Submissions [Read Order]
The Madras High Court quashed an ex-parte income tax assessment order, stating that the Assistant Commissioner of Income Tax had passed a...
![Assessees Admission not a valid Ground for Income Tax Addition: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Rajasthan-High-Court-Income-Tax-Addition-Income-Tax-Rajasthan-HC-Assessees-Income-Tax-update-Taxscan.jpg "Assessees Admission not a valid Ground for Income Tax Addition: Rajasthan HC [Read Order]")
![Revenue Challenges ITAT Decision on Extended Tax Stay Beyond Statutory Limit u/s 254(2A): Madras HC dismisses Matter as Stay Already Expired [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Revenue-appeal-under-ITAT-Tax-stay-appeal-TAXSCAN.jpg "Revenue Challenges ITAT Decision on Extended Tax Stay Beyond Statutory Limit u/s 254(2A): Madras HC dismisses Matter as Stay Already Expired [Read Order]")
No Notional Interest to be assumed by TPO on Deferred Receivables to Debt-Free Company: Delhi HC [Read Order]
The ruled that no notional interest can be assumed by the Transfer Pricing Officer ( TPO ) on deferred receivables from a debt-free company. The primary issue addressed was whether deferred...
![No Notional Interest to be assumed by TPO on Deferred Receivables to Debt-Free Company: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-Debt-Free-TPO-No-Notional-Interest-Taxscan.jpg "No Notional Interest to be assumed by TPO on Deferred Receivables to Debt-Free Company: Delhi HC [Read Order]")
Relief to Samsung: Delhi HC rules Loss from Forex Fluctuation on Trading Items accountable as Operational Loss [Read Order]
The Delhi High Court, in relief to Samsung India held that foreign exchange ( forex ) loss arising from trading activities should be treated as an operational loss and not as a non-operational...
Correctness of Factual Findings in Order passed u/s 153 of Income Tax Act was Re examined by ITAT: Calcutta HC Dismisses Appeal [Read Order]
In a recent case, the Calcutta High Court dismissed the appeal on finding that the Income Tax Appellate Tribunal ( ITAT ) correctly re-examined the correctness of factual findings in order...
![Correctness of Factual Findings in Order passed u/s 153 of Income Tax Act was Re examined by ITAT: Calcutta HC Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Calcutta-High-Court-ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-section-153-Income-Tax-Act-taxscan.jpg "Correctness of Factual Findings in Order passed u/s 153 of Income Tax Act was Re examined by ITAT: Calcutta HC Dismisses Appeal [Read Order]")
S. 271(1)(c) of Income Tax not attractable when Assessee fully disclosed particulars in Returns filed: Calcutta HC dismisses Petition [Read Order]
The Calcutta High Court held that Section 271(1)(c) of Income Tax Act, 1961 is not attractable when assessee fully disclosed particulars in returns filed and dismissed the petition. The...
![S. 271(1)(c) of Income Tax not attractable when Assessee fully disclosed particulars in Returns filed: Calcutta HC dismisses Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-Income-Tax-Income-Tax-Act-Calcutta-HC-Income-Tax-petition-taxscan.jpg "S. 271(1)(c) of Income Tax not attractable when Assessee fully disclosed particulars in Returns filed: Calcutta HC dismisses Petition [Read Order]")
Reassessment of Income u/s 153A impermissible without Incriminating Evidence: Karnataka HC upholds Deletion of Assessed Income [Read Order]
The Karnataka High Court recently held in an Income Tax Appeal that the provisions under Section 153A of the Income Tax Act, 1961 does not permit an Assessing Officer ( AO ) to reassess the income of...
![Reassessment of Income u/s 153A impermissible without Incriminating Evidence: Karnataka HC upholds Deletion of Assessed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Appeal-Assessing-Officer-Reassessment-of-Income-TAXSCAN.jpg "Reassessment of Income u/s 153A impermissible without Incriminating Evidence: Karnataka HC upholds Deletion of Assessed Income [Read Order]")
Exemption u/s 10(23C)(iv) cannot be rejected if Net Surplus is less than 20% of Total Receipts: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the exemption claimed under Section 10(23C)(iv) of Income Tax Act, 1961, cannot be rejected if the net surplus is less...
![Exemption u/s 10(23C)(iv) cannot be rejected if Net Surplus is less than 20% of Total Receipts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Chennai-Net-Surplus-cannot-be-rejected-if-Net-Surplus-Exemption-Taxscan.jpg "Exemption u/s 10(23C)(iv) cannot be rejected if Net Surplus is less than 20% of Total Receipts: ITAT [Read Order]")