ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Electricity has all necessary Trappings of Articles, addition liable to be deleted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Electricity-articles-ITAT-taxscan.jpeg "Electricity has all necessary Trappings of Articles, addition liable to be deleted: ITAT [Read Order]")
Electricity has all necessary Trappings of 'Articles', addition liable to be deleted: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), New Delhi ruled that Electricity has all necessary trappings of “articles” hence addition liable to be deleted....
![Revisionary Powers cannot be exercised Arbitrarily: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Revisionary-Powers-ITAT-taxscan.jpeg "Revisionary Powers cannot be exercised Arbitrarily: ITAT [Read Order]")
![Liabilities payable to Central or State Govt in any period prior to Acquisition will be Written Off in full in terms of Resolution Plan as approved by NCLT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Liabilities-Central-State-Government-acquisition-resolution-plan-NCLT-ITAT-taxscan.jpg "Liabilities payable to Central or State Govt in any period prior to Acquisition will be Written Off in full in terms of Resolution Plan as approved by NCLT: ITAT [Read Order]")
![No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-tax-compensation-acquisition-of-land-Govt-ITAT-taxscan.jpg "No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]")
![Mere Non Production of Stock Register cannot be ground to reject declared Trading Results: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/stock-register-ITAT-taxscan.jpeg "Mere Non Production of Stock Register cannot be ground to reject declared Trading Results: ITAT [Read Order]")
Interest on FDR can be treated as Income from Other Sources under Sec 56, If claim of 80P got rejected: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri P M Jagtap, vice president and Ms Suchitra Kamble, the judicial member has held that interest in FDR can be treated as...
![Interest on FDR can be treated as Income from Other Sources under Sec 56, If claim of 80P got rejected: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-FDR-income-from-other-sources-ITAT-taxscan-1.jpg "Interest on FDR can be treated as Income from Other Sources under Sec 56, If claim of 80P got rejected: ITAT [Read Order]")
![State cant take undue benefit: ITAT allows Rectification of Typographical Errors [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/ITAT-typographical-errors-taxscan.jpeg "State cant take undue benefit: ITAT allows Rectification of Typographical Errors [Read Order]")
Interest received by Bank post Liquidation can’t be Taxed if diverted at Source as per DICGCI: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that Interest received by the bank post liquidation can’t e taxed if diverted at source as per the provision of the Deposit,...
![Interest received by Bank post Liquidation can’t be Taxed if diverted at Source as per DICGCI: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-bank-post-liquidation-DICGCI-ITAT-taxscan.jpg "Interest received by Bank post Liquidation can’t be Taxed if diverted at Source as per DICGCI: ITAT [Read Order]")
Statutory Dues and Claim stands frozen after Approval of Resolution Plan by IBC: ITAT [Read Order]
In the case of Deccan Chronicle Holdings Limited, the Hyderabad bench of the Income Tax Appellate Tribunal(ITAT) has held that statutory dues and claims stand frozen after approval of the resolution...
![Statutory Dues and Claim stands frozen after Approval of Resolution Plan by IBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Claim-resolution-plan-IBC-ITAT-taxscan.jpg "Statutory Dues and Claim stands frozen after Approval of Resolution Plan by IBC: ITAT [Read Order]")
Grant to operate Project under Government is License, eligible for Depreciation of Intangible Asset: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the grant to operate a project under the government is a license and is eligible for depreciation of the intangible asset. The...
![Grant to operate Project under Government is License, eligible for Depreciation of Intangible Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/license-depreciation-intangible-asset-ITAT-taxscan.jpeg "Grant to operate Project under Government is License, eligible for Depreciation of Intangible Asset: ITAT [Read Order]")
No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]
In the absence of documents to substantiate the TDS deduction by the principal before the payment of sale, the Surat bench of the Income Tax Appellate Tribunal (ITAT) has extended the disallowance to...
![No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/documents-TDS-deduction-payment-of-sale-ITAT-taxscan.jpg "No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]")
![Conditions to grant Registration of Charitable Trust cant go beyond the Scheme of Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/registration-charitable-trust-ITAT-taxscan.jpg "Conditions to grant Registration of Charitable Trust cant go beyond the Scheme of Law: ITAT [Read Order]")