ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Jurisdiction-PCIT-AO-capital-gain-sale-of-land-ITAT-revisional-order-Taxscan.jpg "Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]")
Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT), held that if AO failed to rightly compute capital gain on the sale of the land then...
![Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Rural-Advances-Head-office-accounts-Deduction-Bad-and-Doubtful-Debts-ITAT-taxscan.jpg "Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]")
![Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Debatable-issues-ITAT-Deduction-taxscan.jpg "Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]")
![Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PCIT-ITAT-Revisional-Order-taxscan.jpeg "Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]")
![Claim for additional depreciation on capitalized portion of forex loss for plant and machinery: ITAT dismisses appeal of Daeseung Autoparts [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/additional-depreciation-capitalized-portion-forex-loss-plant-machinery-ITAT-dismisses-appeal-Daeseung-Autoparts-Taxscan.jpg "Claim for additional depreciation on capitalized portion of forex loss for plant and machinery: ITAT dismisses appeal of Daeseung Autoparts [Read Order]")
Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]
A division bench of the Bombay High Court comprising Justice Dhiraj Singh Thakur and Justice Abhay Ahuja has upheld an order of the Mumbai ITAT allowing directing the Assessing Officer to work-out...
![Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Bombay-HC-Pro-Rata-Deduction-Housing-Projects-taxscan.jpeg "Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]")
Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has imposed a cost of Rs. 5000 on the assessee considering the negligent and causal approach during the assessment proceedings under the...
![Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Negligent-Casual-Approach-Income-Tax-Assessment-Proceedings-ITAT-Assessee-Taxscan.jpg "Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]")
![Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Notices-ITAT-Assessee-taxscan.jpeg "Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]")
Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) held that lease charges paid for the use of the asset, without acquiring any ownership rights in the same, are allowable as revenue expenditure under...
![Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Lease-Rental-revenue-expenditure-deduct-taxable-income-ITAT-taxscan.jpg "Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]")
![Absence of Specifying the Limp, in the Notice issued, invalidates the Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Limp-notice-issued-penalty-ITAT-Taxscan.jpg "Absence of Specifying the Limp, in the Notice issued, invalidates the Penalty: ITAT [Read Order]")
Addition of Unexplained Cash not sustainable when Primary onus was discharged by sufficient evidence: ITAT [Read Order]
The addition of unexplained cash is not sustainable when the primary onus was discharged by sufficient evidence, the Mumbai bench of the Income Tax Appellate Tribunal(ITAT) set aside the order of...
![Addition of Unexplained Cash not sustainable when Primary onus was discharged by sufficient evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/unexplained-cash-sustainable-primary-onus-sufficient-evidence-ITAT-Taxscan.jpg "Addition of Unexplained Cash not sustainable when Primary onus was discharged by sufficient evidence: ITAT [Read Order]")
National Faceless Appeal Centre refused to Condone Delay without Detail Order: ITAT directs Fresh Adjudication [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) comprising Shri Waseem Ahmed, (Accountant Member) and Shri T.R. Senthil Kumar (Judicial Member) has observed that the National Faceless...
![National Faceless Appeal Centre refused to Condone Delay without Detail Order: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/National-Faceless-Appeal-Centre-NFAC-Condone-Delay-Detail-Order-ITAT-Fresh-Adjudication-Taxscan.jpeg "National Faceless Appeal Centre refused to Condone Delay without Detail Order: ITAT directs Fresh Adjudication [Read Order]")