ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Expenses incurred for Licence of Software, revenue in nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Expenses-licence-of-software-ITAT-taxscan.jpg "Expenses incurred for Licence of Software, revenue in nature: ITAT [Read Order]")
Expenses incurred for Licence of Software, revenue in nature: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai held that expenses incurred for the license of software, revenue in nature. The assessee, M/s....
![Cash Deposits during Demonetization Period: No Addition if AO Accepted Documents and BoA containing Cash Credits, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/documents-books-of-account-AO-ITAT-taxscan.jpeg "Cash Deposits during Demonetization Period: No Addition if AO Accepted Documents and BoA containing Cash Credits, rules ITAT [Read Order]")
![Re-Assessment Framed for Escapement of Income by Share Trading Business which does not belong to Assessee: ITAT sets aside proceedings u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Re-assessment-income-business-assessee-ITAT-taxscan.jpeg "Re-Assessment Framed for Escapement of Income by Share Trading Business which does not belong to Assessee: ITAT sets aside proceedings u/s 147 [Read Order]")
![Charitable entity u/s 2(15) of Income Tax Act eligible for Exemption u/s 11: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Charitable-entity-IT-Act-ITAT-taxscan.jpeg "Charitable entity u/s 2(15) of Income Tax Act eligible for Exemption u/s 11: ITAT [Read Order]")
![Cash Loan between Agriculturists will not attract S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-Loan-Agriculturists-Income-Tax-Act-ITAT-Penalty-taxscan.jpeg "Cash Loan between Agriculturists will not attract S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]")
![No Provision for prior period Expenses u/s 115JB(2), Addition not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/prior-period-expenses-ITAT-taxscan.jpg "No Provision for prior period Expenses u/s 115JB(2), Addition not permissible: ITAT [Read Order]")
Withholding of TDS 'Not the Right Way' for Income Tax Dept to Collect Tax when Statute provides Sufficient Mechanism to Recover from Defaulter: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the withholding of TDS of the assessee who has already suffered tax is not the right way to collect tax as the Income Tax Act, 1961...
![Withholding of TDS Not the Right Way for Income Tax Dept to Collect Tax when Statute provides Sufficient Mechanism to Recover from Defaulter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/TDS-Income-Tax-Dept-ITAT-taxscan.jpeg "Withholding of TDS Not the Right Way for Income Tax Dept to Collect Tax when Statute provides Sufficient Mechanism to Recover from Defaulter: ITAT [Read Order]")
Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisional jurisdiction of the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act, 1961...
![Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Revisional-Jurisdiction-Penalty-Assessment-ITAT-taxscan.jpg "Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]")
Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that a bonafide action on the part of the co-operative bank not filing annual information report (AIR) will not attract...
![Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Bonafide-Action-Co-Operative-Bank-Penalty-ITAT-taxscan.jpeg "Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]")
Cash available out of Past Savings justifiable as Source of Unexplained Money u/s 69A: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the cash available out of past savings is justifiable as the source of unexplained money u/s 69 A of the Income Tax...
![Cash available out of Past Savings justifiable as Source of Unexplained Money u/s 69A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-savings-unexplained-money-ITAT-taxscan.jpg "Cash available out of Past Savings justifiable as Source of Unexplained Money u/s 69A: ITAT [Read Order]")
Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]
In a major relief to Google India, the Income Tax Appellate Tribunal (ITAT), Bangalore has quashed the orders and notices for TDS default as the same were barred by limitation. A bench comprising...
![Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Google-India-TDS-Default-Time-Barred-ITAT-taxscan.jpg "Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]")