ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![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]")
Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench presided by Mr. Vikas Awasthy, Judicial Member, and Mr. Amarjit Singh, Accountant Member has...
![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]](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]")
![Failure in Submission of Form-10CCB: ITAT confirms Income Tax Deduction u/s 80IB [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Form-10CCB-ITAT-deduction-us-80IB-taxscan.jpeg "Failure in Submission of Form-10CCB: ITAT confirms Income Tax Deduction u/s 80IB [Read Order]")
![Unsecured Loans taken through Banking Channels from Directors / Shareholders: ITAT upholds Deletion of Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Unsecured-Loans-Banking-Shareholders-ITAT-taxscan.jpg "Unsecured Loans taken through Banking Channels from Directors / Shareholders: ITAT upholds Deletion of Addition u/s 68 [Read Order]")
![ITAT confirms Penalty levied u/s 271AAA on Admission of Undisclosed Income by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-penalty-Section-271-AAA-undisclosed-income-assesse-Taxscan.jpg "ITAT confirms Penalty levied u/s 271AAA on Admission of Undisclosed Income by Assessee [Read Order]")
No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that no evidence of remission or cessation of liability and deleted the addition of liability as profits chargeable to tax under...
![No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-ITAT-Tax-taxscan.jpeg "No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]")
Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai, has recently ruled that a trust facilitating financial assistance to the poor, to access housing credit, is not eligible for getting a registration...
![Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Financial-Assistance-Housing-Credit-ITAT-taxscan.jpeg "Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]")
![Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Interest-Income-Tax-Deduction-ITAT-taxscan.jpeg "Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]")
Subsidy allowed can be treated as Capital Receipt: Delhi HC confirms Permission granted by ITAT [Read Order]
The Delhi High Court confirms the permission granted by ITAT treating the subsidy allowed as a capital receipt as per the New Industrial Policy and Other Concession Scheme from the state of Jammu...
![Subsidy allowed can be treated as Capital Receipt: Delhi HC confirms Permission granted by ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Subsidy-Capital-Receipt-Delhi-HC-ITAT-taxscan.jpeg "Subsidy allowed can be treated as Capital Receipt: Delhi HC confirms Permission granted by ITAT [Read Order]")
![Deduction u/s 54F is allowable on Purchase of Property Outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-Purchase-of-Property-ITAT-taxscan.jpg "Deduction u/s 54F is allowable on Purchase of Property Outside India: ITAT [Read Order]")