ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposit-Firm-Personal-Income-Partner-ITAT-Taxscan.jpg "Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]")
Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]
The Amritsar bench of the Income Tax Appellate Tribunal (ITAT) has held that the cash deposit of the Firm cannot be added to the personal income of...
![No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/PE-ITAT-Lower-Tax-rate-Interest-Income-Indo-Japanese-Tax-Treaty-taxscan.jpeg "No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]")
![No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Assessee-ITAT-taxscan.jpeg "No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]")
![Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Revenue-Data-OLTAS-Database-Credit-DDT-taxscan.jpg "Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]")
![ITAT refuses to Condone Delay of 789 Days due to Negligent, Casual, and Non-Compliant Behaviour of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Condone-Delay-Assessee-Taxscan.jpeg "ITAT refuses to Condone Delay of 789 Days due to Negligent, Casual, and Non-Compliant Behaviour of Assessee [Read Order]")
Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the loan amount obtained by the assessee from his friends out of their labour work income cannot be dismissed by the income tax...
![Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Loan-Amount-Labour-Work-Income-ITAT-taxscan.jpeg "Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]")
Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has held that, Expenditure resulting in income or substantial income not necessary for granting deduction for business purposes. The assessee, M/s....
![Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Expenditure-income-substantial-income-deduction-business-ITAT-Taxscan.jpg "Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]")
Property Transferred to Developer under Joint Development Agreement not subject to Wealth Tax: Karnataka HC [Read Judgment]
A division bench of the Karnataka High Court consisting of Justices P.S. Dinesh Kumar and Anant Ramanath Hegde has held that the assessee was not liable to pay Wealth Tax with respect to a property,...
Subsidy not to be reduced from Actual Cost of Fixed Assets u/s 43(1) for purpose of Calculation of Depreciation: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune has ruled that, Subsidy is not to be reduced from the actual cost of fixed assets under Section 43(1) for purpose of calculation of depreciation. The...
![Subsidy not to be reduced from Actual Cost of Fixed Assets u/s 43(1) for purpose of Calculation of Depreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Subsidy-actual-cost-fixed-assets-calculation-of-depreciation-ITAT-Taxscan.jpg "Subsidy not to be reduced from Actual Cost of Fixed Assets u/s 43(1) for purpose of Calculation of Depreciation: ITAT [Read Order]")
Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]
While considering a bunch of appeals filed by the assessee, the Ahmedabad bench of Income Tax Appellant Tribunal, comprising Ms Annapurna Gupta, Accountant Member and Shri Mahavir Prasad, Judicial...
![Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Business-infrastructure-development-developer-deduction-ITAT-taxscan.jpg "Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]")
Inadequate Opportunity of Hearing in Appeal Proceedings: ITAT remands matter back to CIT(A) for Fresh Adjudication [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that inadequate opportunity for hearing in appeal proceedings and remand matter back to Commissioner Income Tax (Appeal) for...
![Inadequate Opportunity of Hearing in Appeal Proceedings: ITAT remands matter back to CIT(A) for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeal-Proceedings-ITAT-CITA-Adjudication-taxscan.jpeg "Inadequate Opportunity of Hearing in Appeal Proceedings: ITAT remands matter back to CIT(A) for Fresh Adjudication [Read Order]")
![ITAT deletes Revision order passed u/s 263 based on Presumption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Revision-order-taxscan.jpg "ITAT deletes Revision order passed u/s 263 based on Presumption [Read Order]")