ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Exemption u/s 10(2A) applicable to Legitimate Share of Profit earned based on LLP Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Exemption-profit-LLP-agreement-ITAT-taxscan.jpg "Exemption u/s 10(2A) applicable to Legitimate Share of Profit earned based on LLP Agreement: ITAT [Read Order]")
Exemption u/s 10(2A) applicable to Legitimate Share of Profit earned based on LLP Agreement: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that exemption u/s 10(2A) applies to a Legitimate share of profit earned based...
![Expenses vouched and Verified incompletely will invalidate the Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Expenses-verified-incompletely-ITAT-invalidate-addition-Taxscan.jpg "Expenses vouched and Verified incompletely will invalidate the Addition: ITAT [Read Order]")
![Cash Gift from Relatives: ITAT upholds Addition against Non-Resident [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Gift-Relatives-ITAT-Non-Resident-taxscan.jpeg "Cash Gift from Relatives: ITAT upholds Addition against Non-Resident [Read Order]")
![Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/auditor-penalty-ITAT-taxscan.jpeg "Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]")
![Principal Component of Lease Rental can be treated as Revenue Expenditure u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Principal-component-lease-rental-revenue-expenditure-ITAT-taxscan-1.jpg "Principal Component of Lease Rental can be treated as Revenue Expenditure u/s 37: ITAT [Read Order]")
Addition of Unexplained Income u/s 69 not sustainable in the presence of duly Audited Regular Books: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench has held that the addition of unexplained income u/s 69 is not sustainable in the presence of the duly audited regular books. The...
![Addition of Unexplained Income u/s 69 not sustainable in the presence of duly Audited Regular Books: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/unexplained-income-audited-regular-books-ITAT-books-Taxscan.jpeg "Addition of Unexplained Income u/s 69 not sustainable in the presence of duly Audited Regular Books: ITAT [Read Order]")
![Mentioning of PAN does not attribute Transaction or Credit to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/PAN-transaction-credit-assessee-ITAT-Taxscan.jpeg "Mentioning of PAN does not attribute Transaction or Credit to Assessee: ITAT [Read Order]")
![Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Entertainment-subsidy-capital-receipt-ITAT-taxscan.jpg "Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]")
CIT (A) require to Examine Documentary Evidences filed by Assessee before merely Confirming Findings of AO: ITAT [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal has held that CIT (A) require to examine documentary evidences filed by assessee before merely confirming finding of Assessing Officer. The...
![CIT (A) require to Examine Documentary Evidences filed by Assessee before merely Confirming Findings of AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/CIT-A-Documentary-Evidences-Assessee-AO-ITAT-taxscan.jpg "CIT (A) require to Examine Documentary Evidences filed by Assessee before merely Confirming Findings of AO: ITAT [Read Order]")
Short Term Capital cannot be carried forward as it has not been claimed through a Return filed under Sec 139(3): ITAT [Read Order]
The appeal is filed by the assessee before the Income Tax Appellate Tribunal (ITAT), Mumbai against order passed by the Commissioner of Income-Tax (CIT) for assessment year 2016-17. ITAT held that...
![Short Term Capital cannot be carried forward as it has not been claimed through a Return filed under Sec 139(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Short-term-capital-return-ITAT-taxscan.jpg "Short Term Capital cannot be carried forward as it has not been claimed through a Return filed under Sec 139(3): ITAT [Read Order]")
Disallowance u/s.40A (3) cannot be made in intimation u/s.143(1) of the Income Tax Act: ITAT [Read Order]
Disallowance under Section 40A (3) of the Income Tax Act cannot be made in intimation under Section 143(1) of the Income Tax Act, so was held by the Income Tax Appellate Tribunal (ITAT), Mumbai. ...
![Disallowance u/s.40A (3) cannot be made in intimation u/s.143(1) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Disallowance-Act-ITAT-taxscan.jpeg "Disallowance u/s.40A (3) cannot be made in intimation u/s.143(1) of the Income Tax Act: ITAT [Read Order]")
AO properly Verified Documents Adduced by Assessee: ITAT sets aside Revision proceedings u/s 263 [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal has held that Assessing Officer properly verified documents adduced by assessee and set asides revision proceedings u/s 263. During the course of...
![AO properly Verified Documents Adduced by Assessee: ITAT sets aside Revision proceedings u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/AO-Verified-Documents-Assessee-ITAT-Revision-proceedings-taxscan.jpg "AO properly Verified Documents Adduced by Assessee: ITAT sets aside Revision proceedings u/s 263 [Read Order]")