ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Addition of Reimbursement of Salary to Seconded Employee u/s 40(a)(ia): ITAT Remand matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Reimbursement-of-Salary-ITAT-AO-taxscan.jpg "Addition of Reimbursement of Salary to Seconded Employee u/s 40(a)(ia): ITAT Remand matter back to AO [Read Order]")
Addition of Reimbursement of Salary to Seconded Employee u/s 40(a)(ia): ITAT Remand matter back to AO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has remanded the matter back to the Assessing Officer in the case of addition of reimbursement...
![ITAT dismisses Appeals on Failure of Resolution Professional to Amend Form No 36A [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/ITAT-resolution-professional-Form-No36A-taxscan.jpg "ITAT dismisses Appeals on Failure of Resolution Professional to Amend Form No 36A [Read Order]")
![Payment of interest on late deposit of TDS not allowable as deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Payment-interest-late-deposit-TDS-deduction-ITAT-taxscan.jpeg "Payment of interest on late deposit of TDS not allowable as deduction u/s 37(1): ITAT [Read Order]")
![Transfer of Amount for Business purposes to avoid Forfeiture is not Loans and Advances: ITAT deletes Addition for Deemed Dividend [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Amount-for-business-avoid-forfeiture-loans-and-advances-ITAT-Deemed-Dividend-taxscan.jpg "Transfer of Amount for Business purposes to avoid Forfeiture is not Loans and Advances: ITAT deletes Addition for Deemed Dividend [Read Order]")
![Cash paid for Purchase excess than prescribed limit, Disallowance of total purchase U/s 40A(3) sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Cash-purchase-ITAT-taxscan.jpg "Cash paid for Purchase excess than prescribed limit, Disallowance of total purchase U/s 40A(3) sustain: ITAT [Read Order]")
![TDS Credit disallowed without verifying fact is not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/TDS-credit-ITAT-taxscan.jpeg "TDS Credit disallowed without verifying fact is not sustainable: ITAT [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 deletes addition under section 68. The...
![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]")
Replacement of Parts of Rolling Mill Rolls in Course of Working is Revenue Expenditure: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench consisting of P.M. Jagtap, Vice President and Siddhartha Nautiyal, Judicial Member held that Replacement of parts of Rolling Mill Rolls in course...
![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]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that payments made to Deloitte Global Holdings Ltd under the Shared Services Agreement are not taxable as royalty. The appellants,...
![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]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that leave and pension contributions to state government employees cannot be treated as bogus and granted relief to Vishakhapatnam Port...
![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]")