ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![ITAT imposes Cost of Rs. 5,000 for Non-Compliance of Notice received through Income Tax Business Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Non-Compliance-of-Notice-Income-Tax-Business-Application-taxscan.jpg "ITAT imposes Cost of Rs. 5,000 for Non-Compliance of Notice received through Income Tax Business Application [Read Order]")
ITAT imposes Cost of Rs. 5,000 for Non-Compliance of Notice received through Income Tax Business Application [Read Order]
The Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has imposed a cost of Rs. 5,000 on the assessee for non-compliance of the notice...
![Relief u/s 43B can be availed if the VAT liability was paid before due date of Filing Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Chennai-VAT-liability-filing-return-ITAT-taxscan.jpeg "Relief u/s 43B can be availed if the VAT liability was paid before due date of Filing Return: ITAT [Read Order]")
![Amendment to Sec 54F (1) applicable from 1.4.2015 onwards: ITAT grants Capital Gain Deduction for purchase of Multiple Residential Units [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Capital-Gain-Deduction-purchase-Multiple-Residential-Units-taxscan.jpg "Amendment to Sec 54F (1) applicable from 1.4.2015 onwards: ITAT grants Capital Gain Deduction for purchase of Multiple Residential Units [Read Order]")
![Assessee duly complied with Notices Issued: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessee-Notices-ITAT-Penalty-Taxscan.jpeg "Assessee duly complied with Notices Issued: ITAT deletes Penalty [Read Order]")
![PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PCIT-Revision-ITAT-raxscan.jpeg "PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]")
Change in Method of Treating Income would lead to Double Taxation if the Sales Consideration amount was Taxed once: ITAT [Read Order]
The Rajkot bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a change in the method of treating income would lead to double taxation if the sales consideration amount was taxed once. ...
![Change in Method of Treating Income would lead to Double Taxation if the Sales Consideration amount was Taxed once: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/double-taxation-sales-consideration-amount-ITAT-taxscan.jpeg "Change in Method of Treating Income would lead to Double Taxation if the Sales Consideration amount was Taxed once: ITAT [Read Order]")
ITAT deletes Addition of 'Deemed Dividend' in the Absence of Proof to establish Payment to Shareholder of Company [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Chennai Bench deleted the addition of “Deemed Dividend” in the absence of proof to establish payment to a shareholder or person who has a beneficiary...
![ITAT deletes Addition of Deemed Dividend in the Absence of Proof to establish Payment to Shareholder of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Deemed-Dividend-Proof-Payment-shareholder-company-taxscan.jpg "ITAT deletes Addition of Deemed Dividend in the Absence of Proof to establish Payment to Shareholder of Company [Read Order]")
Relief to Microsoft: ITAT Partly allows Appeal relating to TDS Credit Claim worth Rs. 392 Cr [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has partly allowed an appeal of the Microsoft Regional Sales Pte. Ltd relating to a TDS Credit Claim worth Rs. 392 Crores. The assessee is a...
![Relief to Microsoft: ITAT Partly allows Appeal relating to TDS Credit Claim worth Rs. 392 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Microsoft-ITAT-Appeal-TDS-Credit-taxscan.jpeg "Relief to Microsoft: ITAT Partly allows Appeal relating to TDS Credit Claim worth Rs. 392 Cr [Read Order]")
LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), has held that Long Term Capital Gain (LTCG) arises from the transfer of the share of a closely held company and is chargeable to tax at the...
![LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/LTCG-Transfer-of-Share-Company-Tax-ITAT-Taxscan.jpg "LTCG arises from Transfer of Share of Closely held Company is chargeable to Tax at the rate of 10%: ITAT [Read Order]")
![Waiver of Principal Loan Amount in Cash cannot be treated as Business Perquisite: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Principal-Loan-Amount-Cash-Business-Perquisite-ITAT-Taxscan.jpg "Waiver of Principal Loan Amount in Cash cannot be treated as Business Perquisite: ITAT [Read Order]")
![Death of Counsel resulted in delay of Filing Appeal: ITAT condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Death-counsel-delay-filing-appeal-ITAT-Taxscan.jpeg "Death of Counsel resulted in delay of Filing Appeal: ITAT condones Delay [Read Order]")