ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Income Tax claims not included in approved Resolution Plan of IBC are recoverable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-claim-Resolution-Plan-IBC-ITAT-taxscan.jpg "Income Tax claims not included in approved Resolution Plan of IBC are recoverable: ITAT [Read Order]")
Income Tax claims not included in approved Resolution Plan of IBC are recoverable: ITAT [Read Order]
The Income Tax Appellate Tribunal, Ahmedabad bench held that income tax claim not included in approved resolution plan of IBC is recoverable. The...
![Extraordinary Profit cannot be a criterion for Adjustment in Transfer Price: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Extraordinary-Profit-Transfer-Price-ITAT-taxscan.jpg "Extraordinary Profit cannot be a criterion for Adjustment in Transfer Price: ITAT [Read Order]")
![Non-Maintenance of Books of Account would not attract Penalty u/s 271B: ITAT grants Relief to Developer [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Penalty-ITAT-Developer-taxscan.jpeg "Non-Maintenance of Books of Account would not attract Penalty u/s 271B: ITAT grants Relief to Developer [Read Order]")
![No Disallowance on Ad-Hoc basis on the plank that Interest-Bearing Funds are Diverted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Disallowance-Ad-Hoc-Basis-plank-Interest-Bearing-Funds-ITAT-taxscan.jpg "No Disallowance on Ad-Hoc basis on the plank that Interest-Bearing Funds are Diverted: ITAT [Read Order]")
![Claim of Loss on Exchange Fluctuation in Current Assets and Liabilities allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Claim-of-loss-exchange-fluctuation-current-assets-liabilities-ITAT-Taxscan.jpeg "Claim of Loss on Exchange Fluctuation in Current Assets and Liabilities allowable: ITAT [Read Order]")
Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]
In a ruling, in favour of Marubeni Corporation India Pvt. Ltd, the Mumbai bench of Income Tax Appellant Tribunal has held that Interest income earned by the enterprise in other jurisdictions is...
![Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Interest-income-jurisdictions-taxable-ITAT-taxscan.jpeg "Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]")
Conversion of Stock in Trade based on Development Agreement without consideration not accrues Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that Conversion of stock in trade based on a development agreement without consideration does not accrue income. The appellant...
![Conversion of Stock in Trade based on Development Agreement without consideration not accrues Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/stock-in-Trade-development-agreement-income-ITAT-taxscan.jpg "Conversion of Stock in Trade based on Development Agreement without consideration not accrues Income: ITAT [Read Order]")
Prima facie belief that there is Escape of Income is sufficient proof to Re-Open Assessment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench presided by S.S.Godara, Judicial Member held that prima facie belief that there is the escape of income is sufficient proof to initiate...
![Prima facie belief that there is Escape of Income is sufficient proof to Re-Open Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/income-reassessment-proceedings-ITAT-taxscan.jpeg "Prima facie belief that there is Escape of Income is sufficient proof to Re-Open Assessment: ITAT [Read Order]")
Evidence for Verification of Cash Deposit would invalidate Reopening of Assessment u/s 147: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Amritsar bench has held that reopening of assessment u/s 147 of Income Tax Act 1961 would invalidate in the presence of evidence for verification of cash...
![Evidence for Verification of Cash Deposit would invalidate Reopening of Assessment u/s 147: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Evidence-cash-deposit-assessment-ITAT-taxscan.jpeg "Evidence for Verification of Cash Deposit would invalidate Reopening of Assessment u/s 147: ITAT [Read Order]")
Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi held that addition u/s 68 of Income Tax Act 1961 will not sustain in the presence of evidence which proves the authenticity of the transaction. ...
![Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Addition-evidence-authenticity-of-transaction-ITAT-Taxscan.jpg "Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]")
![Non-Filing of Audit Report due to Virus Attack in System: ITAT Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Non-filing-Audit-Report-Virus-Attack-ITAT-Condones-Delay-taxscan.jpeg "Non-Filing of Audit Report due to Virus Attack in System: ITAT Condones Delay [Read Order]")