ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Notice issued u/s 271 must Record the specific ground to which it initiated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Notice-ITAT-taxscan.jpeg "Notice issued u/s 271 must Record the specific ground to which it initiated: ITAT [Read Order]")
Notice issued u/s 271 must Record the specific ground to which it initiated: ITAT [Read Order]
The Amritsar bench of the Income Tax Appellate Tribunal (ITAT) consists of Dr M L Meena, AM and Shri Anikesh Banerjee, JM has held that unambiguous...
![Disallowance can’t be made on Payment to PF and ESI before due date u/s 139(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-payment-PF-and-ESI-ITAT-Taxscan.jpg "Disallowance can’t be made on Payment to PF and ESI before due date u/s 139(1): ITAT [Read Order]")
![Registration u/s 12A can’t be denied without Proper Verification of Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Registration-verification-books-of-account-ITAT-taxscan.jpg "Registration u/s 12A can’t be denied without Proper Verification of Books of Account: ITAT [Read Order]")
![Assessee needs to establish his Bonafideness for not disclosing details with regard to Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessee-income-ITAT-taxscan.jpg "Assessee needs to establish his Bonafideness for not disclosing details with regard to Income Tax Return: ITAT [Read Order]")
![Income Tax Penalty Notice does not specify under which limb of section 271(1)(c) the Penalty proceedings had been initiated: ITAT quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Penalty-Notice-penalty-proceedings-ITAT-taxscan.jpeg "Income Tax Penalty Notice does not specify under which limb of section 271(1)(c) the Penalty proceedings had been initiated: ITAT quashes Proceedings [Read Order]")
![Product Development Charges on existing Businesses can be treated as Revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Product-development-charges-businesses-revenue-ITAT-Taxscan.jpeg "Product Development Charges on existing Businesses can be treated as Revenue: ITAT [Read Order]")
![Excess Share of Profit claimed cant be treated as ‘Income from Other Sources’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Excess-share-of-profit-Income-from-other-sources-ITAT-Taxscan.jpg "Excess Share of Profit claimed cant be treated as ‘Income from Other Sources’: ITAT [Read Order]")
No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) has held that no addition u/s 153Ccan be made in absence of any incriminating material for a completed assessment. A search and...
![No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Addition-ncriminating-Material-Assessment-ITAT-taxscan.jpeg "No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]")
Bank Interest not Claimed as Deduction in P & L Account and Showing as Pre-Operative Expenses, No Disallowance u/s 43B: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal has held that no disallowance u/s 43B, since bank interest not claimed as deduction in profit and loss account and showing as pre-operative...
![Bank Interest not Claimed as Deduction in P & L Account and Showing as Pre-Operative Expenses, No Disallowance u/s 43B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Bank-Interest-Deduction-P-L-Account-Pre-Operative-Expenses-Disallowance-ITAT-taxscan.jpg "Bank Interest not Claimed as Deduction in P & L Account and Showing as Pre-Operative Expenses, No Disallowance u/s 43B: ITAT [Read Order]")
Addition of Unverified Share Capital without Incriminating Material is not sustainable u/s 153: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the addition of unverified share capital without incriminating material is not sustainable u/s 153 of Income Tax Act 1961. A...
![Addition of Unverified Share Capital without Incriminating Material is not sustainable u/s 153: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Unverified-share-capital-material-ITAT-taxscan.jpg "Addition of Unverified Share Capital without Incriminating Material is not sustainable u/s 153: ITAT [Read Order]")
Statement recorded u/s 133A has No Evidentiary Value if made by a person who has no connection with Assessee's Business: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench presided by Challa Nagendra Prasad, Judicial Member held that statement recorded u/s 133A has no evidentiary value if made by a person who has no...
![Statement recorded u/s 133A has No Evidentiary Value if made by a person who has no connection with Assessees Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Statement-evidentiary-value-assessees-business-ITAT-taxscan.jpeg "Statement recorded u/s 133A has No Evidentiary Value if made by a person who has no connection with Assessees Business: ITAT [Read Order]")
Payment of Incidental Charges to Arbitration: Professional Fee Bill cannot be rejected based on Narration of Payee, rules ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) while allowing the payment of incidental charges in relation to arbitration proceedings observing that professional fee bill cannot be...
![Payment of Incidental Charges to Arbitration: Professional Fee Bill cannot be rejected based on Narration of Payee, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Payment-Incidental-Charges-Professional-Fee-Bill-Payee-ITAT-Arbitration-Taxscan.jpeg "Payment of Incidental Charges to Arbitration: Professional Fee Bill cannot be rejected based on Narration of Payee, rules ITAT [Read Order]")