ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Reasonableness of Expenses to be judged from angle of Businessman rather than from angle of AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Reasonableness-of-expenses-angle-of-businessman-angle-of-AO-ITAT.jpg "Reasonableness of Expenses to be judged from angle of Businessman rather than from angle of AO: ITAT [Read Order]")
Reasonableness of Expenses to be judged from angle of Businessman rather than from angle of AO: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench, consisting of Anil Chaturvedi, Accountant Member, and Astha Chandra, Judicial Member held that...
![Revenue Fails to provide Cross-Examination of Material Witness: ITAT Deletes Addition based on Statement of Witness [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Revenue-Cross-Examination-Material-Witness-ITAT-Statement-of-Witness-taxscan.jpeg "Revenue Fails to provide Cross-Examination of Material Witness: ITAT Deletes Addition based on Statement of Witness [Read Order]")
![Minor Adjustments made to Valuation of Goods not amount to Under-Valuation of Stock: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Adjustments-Goods-Stock-ITAT-taxscan.jpg "Minor Adjustments made to Valuation of Goods not amount to Under-Valuation of Stock: ITAT [Read Order]")
![Revision u/s 263 not fulfilled Conditions: ITAT sets aside Order as there is No Prejudice to Interest of Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Revision-ITAT-Order-interest-revenue-taxscan.jpg "Revision u/s 263 not fulfilled Conditions: ITAT sets aside Order as there is No Prejudice to Interest of Revenue [Read Order]")
![Addition of Undisclosed Income will sustain unless Transaction details of Refund made by Customer were furnished: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/income-transaction-refund-customer-ITAT-taxscan.jpeg "Addition of Undisclosed Income will sustain unless Transaction details of Refund made by Customer were furnished: ITAT [Read Order]")
Disallowance u/s 40(a)(ia) cannot be made when established that payee has offered Income on Interest payment made by Appellant: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that disallowance under Section 40(a)(ia) cannot be made when established that payee has offered income on interest payment made by appellant....
![Disallowance u/s 40(a)(ia) cannot be made when established that payee has offered Income on Interest payment made by Appellant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Disallowance-payee-income-interest-payment-appellant-ITAT-taxscan.jpg "Disallowance u/s 40(a)(ia) cannot be made when established that payee has offered Income on Interest payment made by Appellant: ITAT [Read Order]")
Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]
Penalty cannot be levied for mere deletion of Capital Gain Exemption Claim under Section 54F of the Income Tax Act,1961 and so was held by Income Tax Appellate Tribunal (ITAT), Pune The appeal has...
![Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Capital-Gain-Claim-ITAT-taxscan.jpeg "Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]")
Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]
The appeal has been filed by the assessee, Vrajeshkumar N. Chokshi, before the Income Tax Appellate Tribunal (ITAT), Ahmedabad against the order of the Commissioner of Income-Tax (CIT). The ITAT held...
![Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/assessment-assessee-LTCG-share-transactions-ITAT-taxscan.jpg "Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]")
Income Tax Liability won't arise for Unsecured Loan Transactions done by Group Entities: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench has held that income tax liability won't arise for unsecured loan transactions done by group entities. The Assessing Officer received...
![Income Tax Liability wont arise for Unsecured Loan Transactions done by Group Entities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Liability-Unsecured-Loan-Transactions-ITAT-taxscan.jpg "Income Tax Liability wont arise for Unsecured Loan Transactions done by Group Entities: ITAT [Read Order]")
Amounts Credited in Books of Accounts Lack Genuineness: ITAT upholds Addition made u/s 68 [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal presided by Mr. Prashant Maharishi, AMand Mr. Sandeep Singh Karhail, JM has held that amounts credited in books of accounts lack genuineness and...
![Amounts Credited in Books of Accounts Lack Genuineness: ITAT upholds Addition made u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Amounts-Books-of-Accounts-ITAT-taxscan.jpg "Amounts Credited in Books of Accounts Lack Genuineness: ITAT upholds Addition made u/s 68 [Read Order]")
Delay in filing Appeal due to Default of Employee: ITAT directs for fresh Adjudication [Read Order]
The assessee, Rahul M. Vadodariya, preferred an appeal before the Income Tax Appellate Tribunal (ITAT), Ahmedabad against the order of the Commissioner of Income Tax (CIT) passed for the assessment...
![Delay in filing Appeal due to Default of Employee: ITAT directs for fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeal-Employee-ITAT-adjudication-taxscan.jpg "Delay in filing Appeal due to Default of Employee: ITAT directs for fresh Adjudication [Read Order]")
Subsidy received by Assessee under Package Scheme of Incentives is a Capital Receipt and Not Chargeable to Tax: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal has held that subsidy received by assessee under Package Scheme of Incentives is a capital receipt and not chargeable to tax. The assessee, Haldex...
![Subsidy received by Assessee under Package Scheme of Incentives is a Capital Receipt and Not Chargeable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Package-Scheme-Incentives-Capital-Receipt-Tax-ITAT-taxscan.jpg "Subsidy received by Assessee under Package Scheme of Incentives is a Capital Receipt and Not Chargeable to Tax: ITAT [Read Order]")