ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PNB-Housing-Finance-Ltd-ITAT-CIT-computation-of-rebate-Taxscan.jpg "Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii) [Read Order]")
Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii) [Read Order]
Income Tax Appellate Tribunal (ITAT), New Delhi bench consisting of Anil Chaturvedi, Accountant Member and Narender Kumar Choudhary, Judicial Member...
![Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Stamp-Duty-Assessment-SARFEASI-Act-ITAT-taxscan.jpeg "Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]")
![Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Addition-Credit-Creditors-ITAT-taxscan.jpg "Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]")
![CAM charges which are Contractual Payments made for availing Services are subject to TDS u/s 194C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/CAM-charges-contractual-payments-services-TDS-ITAT-Taxscan.jpeg "CAM charges which are Contractual Payments made for availing Services are subject to TDS u/s 194C: ITAT [Read Order]")
![Subscription to Cloud Services not Royalty as Indo-US Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Subscription-Cloud-Services-Royalty-Indo-US-Treaty-ITAT-taxscan.jpeg "Subscription to Cloud Services not Royalty as Indo-US Treaty: ITAT [Read Order]")
Deduction u/s 80IB (10) should not be denied merely because of non-acceptance of Occupancy Certificate: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Mumbai bench consisting of Aby T Varkey, Judicial Member and S Rifaur Rahman, Accountant Member held that deduction u/s 80IB (10) should not be denied merely...
![Deduction u/s 80IB (10) should not be denied merely because of non-acceptance of Occupancy Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-occupancy-certificate-ITAT-taxscan.jpg "Deduction u/s 80IB (10) should not be denied merely because of non-acceptance of Occupancy Certificate: ITAT [Read Order]")
Surplus returned from Common Fund contributed by persons together doesn't amount to profit, No need to be taxed: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal has held that surplus returned from a common fund contributed by persons together doesn’t amount to profit and ruled that no need to be taxed. ...
![Surplus returned from Common Fund contributed by persons together doesnt amount to profit, No need to be taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Surplus-returned-profit-ITAT-taxscan.jpeg "Surplus returned from Common Fund contributed by persons together doesnt amount to profit, No need to be taxed: ITAT [Read Order]")
![Levy of Late Fee is Automatic If Delay in filing TDS Statement is Proved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/TDS-Late-Fee-late-fee-automatic-ITAT-taxscan.jpeg "Levy of Late Fee is Automatic If Delay in filing TDS Statement is Proved: ITAT [Read Order]")
Deduction of Compensation paid for Breach of Contract cannot be allowed based on Bank Statement alone: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that deduction of compensation paid for breach of contract cannot be allowed based on bank statement alone. The assessee, M/s.Home...
![Deduction of Compensation paid for Breach of Contract cannot be allowed based on Bank Statement alone: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-Compensation-Bank-Statement-ITAT-taxscan.jpeg "Deduction of Compensation paid for Breach of Contract cannot be allowed based on Bank Statement alone: ITAT [Read Order]")
![Order passed u/s 263 will not sustainable when no error in Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Order-assessment-order-ITAT-taxscan.jpg "Order passed u/s 263 will not sustainable when no error in Assessment Order: ITAT [Read Order]")
Mandatory Declaration of Number of Lorry u/s 194C (6) applicable prospectively from 1st June 2015 onwards: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that mandatory declaration of the number of lorry u/s 194C (6) is applicable prospectively from 1st June 2015 onwards. The appellant,...
![Mandatory Declaration of Number of Lorry u/s 194C (6) applicable prospectively from 1st June 2015 onwards: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Mandatory-Declaration-Lorry-ITAT-taxscan.jpg "Mandatory Declaration of Number of Lorry u/s 194C (6) applicable prospectively from 1st June 2015 onwards: ITAT [Read Order]")
ITAT upholds Addition of Income from Cricket Betting as Business Income applying 1% of GP [Read Order]
Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Pramod M Jagtap, Vice President and Suchitra R Kamble, Judicial Member upheld addition of Income from Cricket Betting as Business...
![ITAT upholds Addition of Income from Cricket Betting as Business Income applying 1% of GP [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Income-Cricket-Betting-Business-Income-GP-TAXSCAN.jpeg "ITAT upholds Addition of Income from Cricket Betting as Business Income applying 1% of GP [Read Order]")