ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Employer responsible for Short Deduction of TDS: ITAT orders to Rectify Order passed Ignoring Form 16 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Tax-Deducted-at-Source-TDS-TDS-Reduction-taxscan.jpeg "Employer responsible for Short Deduction of TDS: ITAT orders to Rectify Order passed Ignoring Form 16 [Read Order]")
Employer responsible for Short Deduction of TDS: ITAT orders to Rectify Order passed Ignoring Form 16 [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has directed the Assessing Officer to rectify the order passed without considering the TDS...
![No Addition of Interest u/s 36(1)(iii) on Interest-Free Loan / Advance to Sister Concern out of Interest-Free Funds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Interest-advance-Interest-free-loan-Sister-Concern-Interest-free-Funds-ITAT-Taxscan.jpeg "No Addition of Interest u/s 36(1)(iii) on Interest-Free Loan / Advance to Sister Concern out of Interest-Free Funds: ITAT [Read Order]")
![Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Forex-dealers-foreign-currency-ITAT-taxscan.jpeg "Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]")
![Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/loans-journal-entries-ITAT-taxscan.jpg "Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]")
![Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Jurisdiction-PCIT-AO-capital-gain-sale-of-land-ITAT-revisional-order-Taxscan.jpg "Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]")
Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai has held that rural advances consolidated and shown in Head office accounts are eligible for deduction as Bad and Doubtful Debts u/s 36(1)(viia). ...
![Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Rural-Advances-Head-office-accounts-Deduction-Bad-and-Doubtful-Debts-ITAT-taxscan.jpg "Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]")
Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT), has held that debatable issues cannot be adjusted on mere intimation u/s 143 and allows deduction u/s.80JJAA. The appellant, M/s....
![Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Debatable-issues-ITAT-Deduction-taxscan.jpg "Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]")
Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal(ITAT) has held that mere suspicions of Principal Commissioners of Income Tax (PCIT) cannot be the basis for initiation proceedings under...
![Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PCIT-ITAT-Revisional-Order-taxscan.jpeg "Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]")
Claim for additional depreciation on capitalized portion of forex loss for plant and machinery: ITAT dismisses appeal of Daeseung Autoparts [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai bench consisting of V Dura Rao, Judicial Member and G Manjunatha, Accountant Member dismissed the appeal filed by M/s. Daeseung Autoparts India Pvt. Ltd...
![Claim for additional depreciation on capitalized portion of forex loss for plant and machinery: ITAT dismisses appeal of Daeseung Autoparts [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/additional-depreciation-capitalized-portion-forex-loss-plant-machinery-ITAT-dismisses-appeal-Daeseung-Autoparts-Taxscan.jpg "Claim for additional depreciation on capitalized portion of forex loss for plant and machinery: ITAT dismisses appeal of Daeseung Autoparts [Read Order]")
Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]
A division bench of the Bombay High Court comprising Justice Dhiraj Singh Thakur and Justice Abhay Ahuja has upheld an order of the Mumbai ITAT allowing directing the Assessing Officer to work-out...
![Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Bombay-HC-Pro-Rata-Deduction-Housing-Projects-taxscan.jpeg "Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]")
Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has imposed a cost of Rs. 5000 on the assessee considering the negligent and causal approach during the assessment proceedings under the...
![Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Negligent-Casual-Approach-Income-Tax-Assessment-Proceedings-ITAT-Assessee-Taxscan.jpg "Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]")
![Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Notices-ITAT-Assessee-taxscan.jpeg "Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]")