ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Opening Balance of Unsecured Loan cannot be treated as ‘Unexplained’: ITAT deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Opening-Balance-Unsecured-Loan-ITAT-taxscan.jpg "Opening Balance of Unsecured Loan cannot be treated as ‘Unexplained’: ITAT deletes Addition u/s 68 [Read Order]")
Opening Balance of Unsecured Loan cannot be treated as ‘Unexplained’: ITAT deletes Addition u/s 68 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that the opening balance of the unsecured loan cannot be treated as "unexplained" and...
![Replacement of Parts of Rolling Mill Rolls in Course of Working is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Replacement-Rolling-Mill-Rolls-revenue-expenditure-ITAT-taxscan.jpeg "Replacement of Parts of Rolling Mill Rolls in Course of Working is Revenue Expenditure: ITAT [Read Order]")
![Relief to Deloitte: Payments made to Deloitte Global Holdings Ltd under Shared Services Agreement are not Taxable as Royalty, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Deloitte-Payments-Deloitte-Global-Holdings-Ltd-Services-Agreement-Taxable-ITAT-taxscan.jpeg "Relief to Deloitte: Payments made to Deloitte Global Holdings Ltd under Shared Services Agreement are not Taxable as Royalty, rules ITAT [Read Order]")
![Life Membership Fees received by AOP is Capital Receipt, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Life-membership-fees-AOP-Capital-Receipt-ITAT-taxscan.jpg "Life Membership Fees received by AOP is Capital Receipt, Not Taxable: ITAT [Read Order]")
![Leave and Pension Contribution to State Govt. Employees cannot be treated as Bogus: ITAT grants relief to Vishakhapatnam Port Road Company Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Leave-and-Pension-Contribution-State-Govt-Employees-ITAT-Vishakhapatnam-Port-Road-Company-Ltd-taxscan.jpg "Leave and Pension Contribution to State Govt. Employees cannot be treated as Bogus: ITAT grants relief to Vishakhapatnam Port Road Company Ltd [Read Order]")
Forex Transaction to Hedge Foreign Currency Risk is not Speculative, Deduction allowable: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, the Forex transaction to hedge foreign currency risk is not speculative and the deduction was made allowable. The...
![Forex Transaction to Hedge Foreign Currency Risk is not Speculative, Deduction allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Forex-transaction-foreign-currency-deduction-ITAT-taxscan.jpeg "Forex Transaction to Hedge Foreign Currency Risk is not Speculative, Deduction allowable: ITAT [Read Order]")
Domestic Transaction from a Related Party is not a Specified Domestic Transaction u/s 92BA: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), has held that a domestic transaction from a related party is not a specified domestic transaction under section 92BA. The appellant,...
![Domestic Transaction from a Related Party is not a Specified Domestic Transaction u/s 92BA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Specified-Domestic-Transaction-ITAT-taxscan.jpg "Domestic Transaction from a Related Party is not a Specified Domestic Transaction u/s 92BA: ITAT [Read Order]")
![Employee Welfare Expenses cannot be included in Fringe Benefits Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Employee-Welfare-Expenses-Fringe-Benefits-Tax-ITAT-taxscan.jpg "Employee Welfare Expenses cannot be included in Fringe Benefits Tax: ITAT [Read Order]")
High Status and Family Tradition of Assessee shall be Considered: ITAT deletes Addition of Heavy Gold Jewellery received as 'Streedhan' by Royal Family Member [Read Order]
While deleting an addition in respect of heavy gold jewellery received as “Streedhan”, the Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that the high status and family traditions shall...
![High Status and Family Tradition of Assessee shall be Considered: ITAT deletes Addition of Heavy Gold Jewellery received as Streedhan by Royal Family Member [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Assessee-ITAT-Heavy-Gold-Jewellery-Royal-Family-Member-taxscan.jpg "High Status and Family Tradition of Assessee shall be Considered: ITAT deletes Addition of Heavy Gold Jewellery received as Streedhan by Royal Family Member [Read Order]")
![Revisional Jurisdiction cannot be invoked on Highly Debatable Issues: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Revisional-Jurisdiction-Debatable-Issues-ITAT-taxscan.jpeg "Revisional Jurisdiction cannot be invoked on Highly Debatable Issues: ITAT [Read Order]")
Capital Gain cannot be Taxed from Owner of Property When Sale Consideration is already Taxed from PoA Holder: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain in respect of consideration received from sale of property cannot be taxed from the owner of the property as...
![Capital Gain cannot be Taxed from Owner of Property When Sale Consideration is already Taxed from PoA Holder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Capital-Gain-Owner-Property-Sale-Consideration-PoA-Holder-ITAT-taxscan.jpeg "Capital Gain cannot be Taxed from Owner of Property When Sale Consideration is already Taxed from PoA Holder: ITAT [Read Order]")