ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Lease-Rental-revenue-expenditure-deduct-taxable-income-ITAT-taxscan.jpg "Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]")
Lease Rental on equipment paid without Acquiring Ownership is Revenue Expenditure, allowable to Deduct from Taxable Income: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) held that lease charges paid for the use of the asset, without acquiring any ownership rights in the same,...
![Absence of Specifying the Limp, in the Notice issued, invalidates the Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Limp-notice-issued-penalty-ITAT-Taxscan.jpg "Absence of Specifying the Limp, in the Notice issued, invalidates the Penalty: ITAT [Read Order]")
![Addition of Unexplained Cash not sustainable when Primary onus was discharged by sufficient evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/unexplained-cash-sustainable-primary-onus-sufficient-evidence-ITAT-Taxscan.jpg "Addition of Unexplained Cash not sustainable when Primary onus was discharged by sufficient evidence: ITAT [Read Order]")
![National Faceless Appeal Centre refused to Condone Delay without Detail Order: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/National-Faceless-Appeal-Centre-NFAC-Condone-Delay-Detail-Order-ITAT-Fresh-Adjudication-Taxscan.jpeg "National Faceless Appeal Centre refused to Condone Delay without Detail Order: ITAT directs Fresh Adjudication [Read Order]")
![Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposit-Firm-Personal-Income-Partner-ITAT-Taxscan.jpg "Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]")
No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has upheld a lower tax rate on interest income under Article 11(2) of the Indo-Japanese tax treaty since no connection between interest...
![No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/PE-ITAT-Lower-Tax-rate-Interest-Income-Indo-Japanese-Tax-Treaty-taxscan.jpeg "No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]")
No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Waseem Ahmed, Accountant Member and Siddhartha Nautiyal, Judicial Member held that no addition can be made on estimated basis,...
![No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Assessee-ITAT-taxscan.jpeg "No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]")
Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that credit of Dividend Distribution Tax (DDT) paid denied on technical default and directs revenue to correct data uploaded in...
![Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Revenue-Data-OLTAS-Database-Credit-DDT-taxscan.jpg "Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]")
ITAT refuses to Condone Delay of 789 Days due to Negligent, Casual, and Non-Compliant Behaviour of Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench in view of the negligent, casual and non-compliant behaviour of the assessee, has refused to condone a delay of 789 days. The assessee,...
![ITAT refuses to Condone Delay of 789 Days due to Negligent, Casual, and Non-Compliant Behaviour of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Condone-Delay-Assessee-Taxscan.jpeg "ITAT refuses to Condone Delay of 789 Days due to Negligent, Casual, and Non-Compliant Behaviour of Assessee [Read Order]")
Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the loan amount obtained by the assessee from his friends out of their labour work income cannot be dismissed by the income tax...
![Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Loan-Amount-Labour-Work-Income-ITAT-taxscan.jpeg "Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]")
Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has held that, Expenditure resulting in income or substantial income not necessary for granting deduction for business purposes. The assessee, M/s....
![Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Expenditure-income-substantial-income-deduction-business-ITAT-Taxscan.jpg "Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]")
Property Transferred to Developer under Joint Development Agreement not subject to Wealth Tax: Karnataka HC [Read Judgment]
A division bench of the Karnataka High Court consisting of Justices P.S. Dinesh Kumar and Anant Ramanath Hegde has held that the assessee was not liable to pay Wealth Tax with respect to a property,...
