ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Shipping Income derived in India from International Traffic is not Taxable in India as per India-UAE Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Shipping-income-Taxable-IndiaUAE-Tax-Treaty-ITAT-taxscan.jpeg "Shipping Income derived in India from International Traffic is not Taxable in India as per India-UAE Tax Treaty: ITAT [Read Order]")
Shipping Income derived in India from International Traffic is not Taxable in India as per India-UAE Tax Treaty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that shipping income derived in India from international traffic is not taxable in...
![Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cricket-Club-of-India-ITAT-Revision-Mutuality-taxscan.jpg "Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]")
![Denial of TDS in intimation order u/s 143(1) without reasons: ITAT rules Assessee entitled to credit of TDS [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/intimation-order-ITAT-assessee-TDS-taxscan.jpg "Denial of TDS in intimation order u/s 143(1) without reasons: ITAT rules Assessee entitled to credit of TDS [Read Order]")
![Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cost-House-Property-Capital-Gain-ITAT-taxscan.jpeg "Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]")
![Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Investment-Investor-capital-gains-business-income-ITAT-taxscan.jpeg "Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]")
Delay in Filing Income Tax Return under Bona fide belief that No Taxable Income: ITAT deletes Penalty u/s 271F [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench presided by Pawan Singh, Judicial Member, and Dr. Arjun Lal Saini, Accountant Member has held that delay in filing Income Tax Return under bona...
![Delay in Filing Income Tax Return under Bona fide belief that No Taxable Income: ITAT deletes Penalty u/s 271F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Return-Bonafide-Belief-Taxable-Income-ITAT-Penalty-taxscan.jpeg "Delay in Filing Income Tax Return under Bona fide belief that No Taxable Income: ITAT deletes Penalty u/s 271F [Read Order]")
Capital Gain Exemption allowable Even If Amount invested in CG Account utilized for Purchase of New House without NOC within 2 Years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 cannot be denied on the sole ground that the amount...
![Capital Gain Exemption allowable Even If Amount invested in CG Account utilized for Purchase of New House without NOC within 2 Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Capital-Gain-Exemption-CG-Account-Purchase-NOC-ITAT-taxscan.jpeg "Capital Gain Exemption allowable Even If Amount invested in CG Account utilized for Purchase of New House without NOC within 2 Years: ITAT [Read Order]")
Employer responsible for Short Deduction of TDS: ITAT orders to Rectify Order passed Ignoring Form 16 [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has directed the Assessing Officer to rectify the order passed without considering the TDS Statement under form 16 by invoking section 154 of...
![Employer responsible for Short Deduction of TDS: ITAT orders to Rectify Order passed Ignoring Form 16 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Tax-Deducted-at-Source-TDS-TDS-Reduction-taxscan.jpeg "Employer responsible for Short Deduction of TDS: ITAT orders to Rectify Order passed Ignoring Form 16 [Read Order]")
No Addition of Interest u/s 36(1)(iii) on Interest-Free Loan / Advance to Sister Concern out of Interest-Free Funds: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that no addition of interest under section 36(1)(iii) on interest-free loan/ advance to sister concern out of interest-free funds. ...
![No Addition of Interest u/s 36(1)(iii) on Interest-Free Loan / Advance to Sister Concern out of Interest-Free Funds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Interest-advance-Interest-free-loan-Sister-Concern-Interest-free-Funds-ITAT-Taxscan.jpeg "No Addition of Interest u/s 36(1)(iii) on Interest-Free Loan / Advance to Sister Concern out of Interest-Free Funds: ITAT [Read Order]")
Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]
The cash paid by the forex dealers for the purchase of foreign currency can be exempt as per 6 DD(1) of the Income Tax Act,1961, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) held as...
![Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Forex-dealers-foreign-currency-ITAT-taxscan.jpeg "Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]")
Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that accepting loans through journal entries with reasonable cause will not attract penalty u/s 271D of the Income Tax Act,1961. The...
![Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/loans-journal-entries-ITAT-taxscan.jpg "Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]")