ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Income Tax Penalty cannot be levied for Bonafide and Inadvertent Mistake resulted in Excess Claim of Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/IncomeTax-Penalty-Bonafide-Claim-Deduction-ITAT-taxscan.jpeg "Income Tax Penalty cannot be levied for Bonafide and Inadvertent Mistake resulted in Excess Claim of Deduction: ITAT [Read Order]")
Income Tax Penalty cannot be levied for Bonafide and Inadvertent Mistake resulted in Excess Claim of Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that a bonafide and inadvertent mistake ultimately caused an excessive claim of...
![Addition u/s 69B will sustain in absence of Authenticity of Gift received was proven with Corroborative evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/gift-Corroborative-evidence-ITAT-taxscan.jpg "Addition u/s 69B will sustain in absence of Authenticity of Gift received was proven with Corroborative evidence: ITAT [Read Order]")
![Assessee could not be Penalized by denying the Exemption for Mere Technical Violation: ITAT allows Exemption u/s 10(23B) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessee-Exemption-Technical-Violation-ITAT-taxscan.jpg "Assessee could not be Penalized by denying the Exemption for Mere Technical Violation: ITAT allows Exemption u/s 10(23B) [Read Order]")
Export entitlements (MEIS) and Duty Drawback of Promotion Scheme is Income assessable under 'Profits or Gains from Business or Profession': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench consisting of Duvvuru R L Reddy, Judicial Member, and S Balakrishnan, Accountant Member held that export entitlements (MEIS) and duty...
![Export entitlements (MEIS) and Duty Drawback of Promotion Scheme is Income assessable under Profits or Gains from Business or Profession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Export-promotion-scheme-income-profits-gains-business-profession-ITAT-taxscan.jpg "Export entitlements (MEIS) and Duty Drawback of Promotion Scheme is Income assessable under Profits or Gains from Business or Profession: ITAT [Read Order]")
ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Pramod Kumar, Vice President and Siddhartha Nautiyal, Judicial Member held that to consider share transaction as business...
![ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-disallowance-AO-share-trading-short-term-capital-loss-taxscan.jpg "ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]")
Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]
Quashing a revision order passed under section 263 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that the scope of limited scrutiny is confined to its...
![Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Scrutiny-ITAT-Assessment-Cash-Deposits-Demonetization-taxscan.jpg "Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]")
![Set Off of Business Loss by Showing Bogus Transactions: ITAT upholds Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Business-Loss-Bogus-Transactions-ITAT-Income-Tax-Penalty-taxscan.jpeg "Set Off of Business Loss by Showing Bogus Transactions: ITAT upholds Income Tax Penalty [Read Order]")
Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench consisting of R.S. Syal, Vice President, and Satbeer Singh Godara, Judicial Member held that additional purchase price fixed for sugarcane under...
![Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/purchase-price-sugarcane-deduction-ITAT-taxscan.jpeg "Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]")
If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]
If assessment order passed under Section 153A was held to be void ab initio, penalty on the additions does not survive, so was held by the Income Tax Appellate Tribunal (ITAT), Ahmedabad. The Appeal...
![If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/assessment-void-ab-initio-penalty-survive-ITAT-taxscan.jpeg "If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]")
Amount once included and Taxed from Partner can’t be added to Taxable Income of Firm: ITAT [Read Order]
In a significant ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that amount once included and taxed by a partner can’t be added to the taxable income of the firm. ...
![Amount once included and Taxed from Partner can’t be added to Taxable Income of Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Amount-taxable-income-ITAT-taxscan.jpeg "Amount once included and Taxed from Partner can’t be added to Taxable Income of Firm: ITAT [Read Order]")