ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Addition of Unexplained Cash Credit not sustained when Creditworthiness and genuineness of Transaction proven: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/cash-credit-transaction-ITAT-taxscan.jpg "Addition of Unexplained Cash Credit not sustained when Creditworthiness and genuineness of Transaction proven: ITAT [Read Order]")
Addition of Unexplained Cash Credit not sustained when Creditworthiness and genuineness of Transaction proven: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled that the addition of unexplained cash credit does not sustain when the...
![Depreciation on Block of Assets: ITAT directs to allow Depreciation in respect of Closed Units/Non-Functional Undertakings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Block-of-Assets-ITAT-Depreciation-taxscan.jpg "Depreciation on Block of Assets: ITAT directs to allow Depreciation in respect of Closed Units/Non-Functional Undertakings [Read Order]")
![Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Indigo-Airlines-Subsidy-Aircraft-Engines-Capital-Receipts-ITAT-taxscan.jpeg "Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]")
![Amount paid by Purchaser of Property to Tenant can’t be taxed in the Capital Asset of Owner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/purchaser-of-property-capital-asset-ITAT-taxscan.jpg "Amount paid by Purchaser of Property to Tenant can’t be taxed in the Capital Asset of Owner: ITAT [Read Order]")
![Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Re-Assessment-ITAT-taxscan.jpeg "Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]")
![No Addition of Interest on Restructure of Working Capital Cash Credit Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-Working-Capital-Cash-Credit-Loan-ITAT-taxscan.jpg "No Addition of Interest on Restructure of Working Capital Cash Credit Loan: ITAT [Read Order]")
Passing Assessment Order by not following Order of ITAT is patently illegal and against Judicial propriety: ITAT [Read Order]
Passing an assessment order by not following order of ITAT is patently illegal and against judicial propriety, as ruled by the Income Tax Appellate Tribunal (ITAT), Indore Bench. The appellant was...
![Passing Assessment Order by not following Order of ITAT is patently illegal and against Judicial propriety: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/assessment-order-order-of-ITAT-judicial-propriety-ITAT-taxscan.jpg "Passing Assessment Order by not following Order of ITAT is patently illegal and against Judicial propriety: ITAT [Read Order]")
Late Filing of required Documents would not disentitle Trust from availing benefit u/s 11: ITAT [Read Order]
Late filing of required documents would not disentitle Trust from availing benefit under Section 11 of the Income Tax Act, so was held by the Income Tax Appellate Tribunal (ITAT), Mumbai. Jayesh...
![Late Filing of required Documents would not disentitle Trust from availing benefit u/s 11: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/documents-Trust-ITAT-taxscan.jpg "Late Filing of required Documents would not disentitle Trust from availing benefit u/s 11: ITAT [Read Order]")
![Relief to Abbott Healthcare: ITAT allows Depreciation u/s 32 on paid Non-Compete Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Abbott-Healthcare-ITAT-depreciation-Non-compete-Fees-taxscan.jpeg "Relief to Abbott Healthcare: ITAT allows Depreciation u/s 32 on paid Non-Compete Fees [Read Order]")
'Bonafide- Silly Mistakes' in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that bonafide and silly mistakes in the tax audit report would not result into imposition of penalty under section 271(1)(c) of the...
![Bonafide- Silly Mistakes in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Tax-Audit-Report-Income-Tax-penalty-ITAT-taxscan.jpeg "Bonafide- Silly Mistakes in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]")
Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the activity of pharmacy is incidental to the purpose of running the hospital for the purpose of cliaming income tax...
![Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/pharmacy-hospital-ITAT-taxscan.jpg "Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]")
Relief to Britannia: Revision without Proper Inquiry, ITAT quashes Revision order passed u/s 263 [Read Order]
In the case of Britannia Industries Ltd, the Income Tax Appellate Tribunal (ITAT), Kolkata bench has quashed the revision order passed under section 263 since the revision was conducted without...
![Relief to Britannia: Revision without Proper Inquiry, ITAT quashes Revision order passed u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Britannia-Inquiry-ITAT-Revision-order-taxscan.jpeg "Relief to Britannia: Revision without Proper Inquiry, ITAT quashes Revision order passed u/s 263 [Read Order]")