ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Software-related Services cannot be treated as FTS in the absence of Cogent Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Software-related-Services-FTS-Cogent-Material-sustainable-ITAT-Taxscan.jpg "Software-related Services cannot be treated as FTS in the absence of Cogent Material: ITAT [Read Order]")
Software-related Services cannot be treated as FTS in the absence of Cogent Material: ITAT [Read Order]
The Delhi Bench, of the Income Tax Appellate Tribunal (ITAT), comprises sh. Pradip Kumar Kedia, AM and sh. Anubhav Sharma, JM has held that treating...
![Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Development-Fee-Corpus-Account-Fixed-Asset-Capital-Receipt-ITAT-Taxscan.jpg "Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]")
![Cash Purchase of Property with Family Support: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Purchase-Property-Family-Support-ITAT-Addition-taxscan.jpeg "Cash Purchase of Property with Family Support: ITAT deletes Addition [Read Order]")
![Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/acquisition-of-shares-revenue-deduction-ITAT-taxscan.jpeg "Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]")
![Default u/s 201(1) not proved: ITAT deletes Interest levied u/s 201(1A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Default-under-section-201-1-under-section-2011A-Taxscan.jpg "Default u/s 201(1) not proved: ITAT deletes Interest levied u/s 201(1A) [Read Order]")
![Sale of Carbon Credit is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Sale-Carbon-Credit-capital-receipt-ITAT-Taxscan.jpg "Sale of Carbon Credit is Capital Receipt: ITAT [Read Order]")
Expenditure claimed towards Write-off Investment in Capital Loss cannot be allowed as Deduction u/s 37(1): ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that expenditure claimed towards write-off investment in capital loss cannot be allowed as deduction u/s.37(1). The appellate,...
![Expenditure claimed towards Write-off Investment in Capital Loss cannot be allowed as Deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Expenditure-Investment-Capital-Loss-Deduction-ITAT-taxscan.jpg "Expenditure claimed towards Write-off Investment in Capital Loss cannot be allowed as Deduction u/s 37(1): ITAT [Read Order]")
Addition on Additional Grounds are not Permissible if AO not make Addition on Primary Ground for Reopening Assessment: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal has held that addition on additional grounds are not permissible if Assessing Officer does not make an addition on the primary ground for reopening...
![Addition on Additional Grounds are not Permissible if AO not make Addition on Primary Ground for Reopening Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/AO-Assessment-ITAT-taxscan.jpg "Addition on Additional Grounds are not Permissible if AO not make Addition on Primary Ground for Reopening Assessment: ITAT [Read Order]")
Warranty Expenses claimed under Provisional basis is not Unascertained Liability: ITAT sets aside Order disallowing Provisional Warranty Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench has held that warranty expenses claimed under a provisional basis are not an unascertained liability and set-asides order disallowing provisional...
![Warranty Expenses claimed under Provisional basis is not Unascertained Liability: ITAT sets aside Order disallowing Provisional Warranty Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Warranty-Expenses-Unascertained-Liability-ITAT-Provisional-Warranty-Expenses-Taxscan.jpg "Warranty Expenses claimed under Provisional basis is not Unascertained Liability: ITAT sets aside Order disallowing Provisional Warranty Expenses [Read Order]")
Loan amount received through proper Banking Channel and Confirmation Letter also filed: ITAT sets aside Addition as Genuineness of Transaction proved [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai sets aside addition as genuineness of transaction was proved by assessee as loan amount was received through proper banking channel and confirmation...
![Loan amount received through proper Banking Channel and Confirmation Letter also filed: ITAT sets aside Addition as Genuineness of Transaction proved [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Loan-amount-banking-channel-confirmation-letter-ITAT-transaction-taxscan.jpeg "Loan amount received through proper Banking Channel and Confirmation Letter also filed: ITAT sets aside Addition as Genuineness of Transaction proved [Read Order]")
