ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PCIT-Revision-ITAT-raxscan.jpeg "PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]")
PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench has held that Principal Commissioner of Income Tax (PCIT) fails to record the reason for...
![Change in Method of Treating Income would lead to Double Taxation if the Sales Consideration amount was Taxed once: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/double-taxation-sales-consideration-amount-ITAT-taxscan.jpeg "Change in Method of Treating Income would lead to Double Taxation if the Sales Consideration amount was Taxed once: ITAT [Read Order]")
![ITAT deletes Addition of Deemed Dividend in the Absence of Proof to establish Payment to Shareholder of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Deemed-Dividend-Proof-Payment-shareholder-company-taxscan.jpg "ITAT deletes Addition of Deemed Dividend in the Absence of Proof to establish Payment to Shareholder of Company [Read Order]")
![Relief to Microsoft: ITAT Partly allows Appeal relating to TDS Credit Claim worth Rs. 392 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Microsoft-ITAT-Appeal-TDS-Credit-taxscan.jpeg "Relief to Microsoft: ITAT Partly allows Appeal relating to TDS Credit Claim worth Rs. 392 Cr [Read Order]")
LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), has held that Long Term Capital Gain (LTCG) arises from the transfer of the share of a closely held company and is chargeable to tax at the...
![LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/LTCG-Transfer-of-Share-Company-Tax-ITAT-Taxscan.jpg "LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]")
![Waiver of Principal Loan Amount in Cash cannot be treated as Business Perquisite: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Principal-Loan-Amount-Cash-Business-Perquisite-ITAT-Taxscan.jpg "Waiver of Principal Loan Amount in Cash cannot be treated as Business Perquisite: ITAT [Read Order]")
![Death of Counsel resulted in delay of Filing Appeal: ITAT condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Death-counsel-delay-filing-appeal-ITAT-Taxscan.jpeg "Death of Counsel resulted in delay of Filing Appeal: ITAT condones Delay [Read Order]")
Capital Gain Exemption u/s 54 Not Available to Repayment of Loan Acquired for Second Property in Different Location: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT), while considering an appeal regarding claim of capital gain exemption under section 54 of the Income Tax Act, 1961 wherein the assessee...
![Capital Gain Exemption u/s 54 Not Available to Repayment of Loan Acquired for Second Property in Different Location: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Capital-Gain-Exemption-Repayment-of-Loan-Second-Property-Different-Location-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54 Not Available to Repayment of Loan Acquired for Second Property in Different Location: ITAT [Read Order]")
Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii) [Read Order]
Income Tax Appellate Tribunal (ITAT), New Delhi bench consisting of Anil Chaturvedi, Accountant Member and Narender Kumar Choudhary, Judicial Member granted relief to Punjab National Bank Housing...
![Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PNB-Housing-Finance-Ltd-ITAT-CIT-computation-of-rebate-Taxscan.jpg "Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii) [Read Order]")
Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment 'Erroneous' If Sale was under SARFEASI Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench comprising N.K. Billaiya, Accountant Member, and Shri Yogesh Kumar, Judicial Memberhave observed thatan assessment order cannot be held as...
![Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Stamp-Duty-Assessment-SARFEASI-Act-ITAT-taxscan.jpeg "Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]")
Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]
The Income-Tax Appellate Tribunal, Chennai bench held that an addition to income tax u/s 68 cannot sustain when source of credit is explained with details of creditors. The appellant was...
![Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Addition-Credit-Creditors-ITAT-taxscan.jpg "Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]")