ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Remuneration and Share Profits received from Partnership Firm are not eligible for Deduction u/s 80IB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Remuneration-Share-Profits-Partnership-Firm-Deduction-ITAT-Taxscan.jpg "Remuneration and Share Profits received from Partnership Firm are not eligible for Deduction u/s 80IB: ITAT [Read Order]")
Remuneration and Share Profits received from Partnership Firm are not eligible for Deduction u/s 80IB: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has held that remuneration and share profits received from partnership firms are not eligible for...
![Income Tax Officials bound to follow CBDT Circular: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Officials-CBDT-Circular-ITAT-Revisional-Order-Taxscan.jpeg "Income Tax Officials bound to follow CBDT Circular: ITAT quashes Revisional Order [Read Order]")
![Co-operative Society providing Financial Accommodation to members without RBI License for Banking Business is eligible for Exemption u/s 80P(2)(a)(I): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Chennai-Co-operative-Society-Financial-Accommodation-members-RBI-License-Banking-Business-Exemption-ITAT-Taxscan.jpeg "Co-operative Society providing Financial Accommodation to members without RBI License for Banking Business is eligible for Exemption u/s 80P(2)(a)(I): ITAT [Read Order]")
![Cash Deposits out of Business of Shroff cannot be Treated as Undisclosed Income U/S 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposits-Business-Shroff-Undisclosed-Income-ITAT-Taxscan.jpg "Cash Deposits out of Business of Shroff cannot be Treated as Undisclosed Income U/S 68: ITAT [Read Order]")
![Mere providing Access to CRS would not constitute Royalty, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/CRS-Royalty-TDS-ITAT-taxscan.jpeg "Mere providing Access to CRS would not constitute Royalty, No TDS: ITAT [Read Order]")
No Income Tax on Interest paid by PE to General Enterprises: Branch and Head Offices forms part of same Legal Entity, rules ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that branch and head office forms part of the same legal entity and can’t be taxed on interest paid by PE to General Enterprises. ...
![No Income Tax on Interest paid by PE to General Enterprises: Branch and Head Offices forms part of same Legal Entity, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/No-Income-Tax-PE-General-Enterprises-Branch-Head-Offices-Legal-Entity-ITAT-taxscan.jpg "No Income Tax on Interest paid by PE to General Enterprises: Branch and Head Offices forms part of same Legal Entity, rules ITAT [Read Order]")
Rural Agricultural Land acquired by Govt for Business Activity u/s 2(13) Eligible for Exemption: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has held that rural agricultural land acquired by Government for business activity u/s 2 (13) is eligible for Exemption. The assessee,...
![Rural Agricultural Land acquired by Govt for Business Activity u/s 2(13) Eligible for Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Rural-Agricultural-Land-Government-Business-Activity-Exemption-ITAT-Taxscan.jpeg "Rural Agricultural Land acquired by Govt for Business Activity u/s 2(13) Eligible for Exemption: ITAT [Read Order]")
Benefit of set-off of brought Forward Business Losses cannot be allowed on Non-genuine Demerger: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) has held that benefit of set-off of brought forward business losses cannot be allowed on the non-genuine demerger. Shri Shivraj B. Morey...
![Benefit of set-off of brought Forward Business Losses cannot be allowed on Non-genuine Demerger: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/business-losses-demerger-ITAT-taxscan.jpg "Benefit of set-off of brought Forward Business Losses cannot be allowed on Non-genuine Demerger: ITAT [Read Order]")
Income Tax Deduction u/s 80IB(10) applicable to Commercial Establishments/Shops: ITAT follows SC Ruling [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, while following the Apex Court ruling in the case of Sarkar Builders, held that the deduction under section 80IB(10) of the Income Tax Act,...
![Income Tax Deduction u/s 80IB(10) applicable to Commercial Establishments/Shops: ITAT follows SC Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Deduction-Commercial-Establishments-ITAT-SC-Ruling-taxscan.jpg "Income Tax Deduction u/s 80IB(10) applicable to Commercial Establishments/Shops: ITAT follows SC Ruling [Read Order]")
Proprietary Concern not required to obtain Separate PAN: ITAT upholds Deletion of Addition u/s 40(a)(ia) [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that proprietary concern is not required to obtain a separate Permanent Account Number (PAN) and upholds deletion of addition u/s...
![Proprietary Concern not required to obtain Separate PAN: ITAT upholds Deletion of Addition u/s 40(a)(ia) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PAN-ITAT-Deletion-Addition-taxscan.jpeg "Proprietary Concern not required to obtain Separate PAN: ITAT upholds Deletion of Addition u/s 40(a)(ia) [Read Order]")
Addition of Unexplained Cash u/s 69 is not sustainable when the Genuineness of Transaction proved: ITAT [Read Order]
The Kolkata Bench, of the Income Tax Appellate Tribunal ( ITAT ), held that the addition of unexplained cash u/s 69 of the Income Tax Act, 1961 is not sustainable when the genuineness of transaction...
![Addition of Unexplained Cash u/s 69 is not sustainable when the Genuineness of Transaction proved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/unexplained-cash-transaction-ITAT-taxscan.jpg "Addition of Unexplained Cash u/s 69 is not sustainable when the Genuineness of Transaction proved: ITAT [Read Order]")
![TDS not applicable on Recovery of Late Payment Charges and Service Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/TDS-Liability-TDS-Recovery-of-Late-Payment-Charges-Service-Tax-ITAT-Taxscan.jpeg "TDS not applicable on Recovery of Late Payment Charges and Service Tax: ITAT [Read Order]")