ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![International Transaction should be benchmarked using Custom Valuation Data: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/International-Transaction-benchmarked-Custom-Valuation-Data-ITAT-taxscan.jpeg "International Transaction should be benchmarked using Custom Valuation Data: ITAT [Read Order]")
International Transaction should be benchmarked using Custom Valuation Data: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that International transactions should be benchmarked using Custom Valuation...
![Failure to keep Invoice for Agricultural Sale Proceed for Small Amount cannot attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Invoice-Agricultural-Sale-Income-Tax-Penalty-ITAT-taxscan.jpeg "Failure to keep Invoice for Agricultural Sale Proceed for Small Amount cannot attract Income Tax Penalty: ITAT [Read Order]")
![Non-Filing of Appeal due to Lack of Communication b/w Tax Advisors and Board of Directors not Reasonable Cause to Condone Delay: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Non-filing-Appeal-Tax-Advisors-Board-of-Directors-Reasonable-Cause-Condone-Delay-ITAT-taxscan.jpeg "Non-Filing of Appeal due to Lack of Communication b/w Tax Advisors and Board of Directors not Reasonable Cause to Condone Delay: ITAT [Read Order]")
![Income Tax leviable on Transfer of Marketing/Distribution Rights for Veterinary Products by Joint Venture: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Transfer-of-Marketing-Distribution-Rights-Veterinary-Products-Joint-Venture-ITAT-taxscan.jpeg "Income Tax leviable on Transfer of Marketing/Distribution Rights for Veterinary Products by Joint Venture: ITAT [Read Order]")
![Reimbursement of Medical expenses incurred by Employees cannot be disallowed by invoking Section 40A(9) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Reimbursement-Medical-expenses-employee-Income-Tax-Act-ITAT-taxscan.jpeg "Reimbursement of Medical expenses incurred by Employees cannot be disallowed by invoking Section 40A(9) of the Income Tax Act: ITAT [Read Order]")
Actor S J Surya shall face Criminal Trial for Non-filing of Income Tax Returns despite Assessments Quashed by ITAT: Madras HC [Read Order]
In a major set back to tollywood actor Mr. S J Surya, the Madras High Court has upheld the criminal charges for non-filing of income tax returns and non-payment of advance tax by observing that the...
![Actor S J Surya shall face Criminal Trial for Non-filing of Income Tax Returns despite Assessments Quashed by ITAT: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Actor-S-J-Surya-face-Criminal-Trial-Non-filing-of-Income-Tax-Returns-Assessments-ITAT-Madras-High-Court-Taxscan.jpeg "Actor S J Surya shall face Criminal Trial for Non-filing of Income Tax Returns despite Assessments Quashed by ITAT: Madras HC [Read Order]")
An Unlawful Claim for Deduction would not amount to ‘Concealment of Income’: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that an unlawful claim for deduction would not amount to “concealment of income” in order to impose a penalty under Section 271(1)(c) of...
![An Unlawful Claim for Deduction would not amount to ‘Concealment of Income’: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Claim-Deduction-Concealment-of-Income-ITAT-Penalty-taxscan.jpg "An Unlawful Claim for Deduction would not amount to ‘Concealment of Income’: ITAT deletes Penalty [Read Order]")
Addition on Sole Ground of failure to Upload Audit Report Electronically is Invalid: ITAT allows Fresh Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the addition cannot be made solely on the basis of failure on the part of the assessee to upload the audit report electronically. ...
![Addition on Sole Ground of failure to Upload Audit Report Electronically is Invalid: ITAT allows Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Addition-Sole-Ground-Audit-Report-Invalid-ITAT-Adjudication-taxscan.jpg "Addition on Sole Ground of failure to Upload Audit Report Electronically is Invalid: ITAT allows Fresh Adjudication [Read Order]")
![Assessee failed to prove Creditworthiness of Creditors: ITAT upholds Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessee-Creditworthiness-Creditors-ITAT-taxscan.jpeg "Assessee failed to prove Creditworthiness of Creditors: ITAT upholds Addition u/s 68 [Read Order]")
![Assessing Officer cannot rectify an Order u/s 154 to Enhance Assessed Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessing-Officer-Assessed-Income-ITAT-taxscan.jpg "Assessing Officer cannot rectify an Order u/s 154 to Enhance Assessed Income: ITAT [Read Order]")
![Initiation of Penalty Proceedings u/s.271(1)(c) on a Defective Notice is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Penalty-Proceedings-Defective-Notice-ITAT-taxscan.jpg "Initiation of Penalty Proceedings u/s.271(1)(c) on a Defective Notice is Invalid: ITAT [Read Order]")
![TDS not leviable on External Development Charges paid to HUDA: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/TDS-External-Development-Charges-HUDA-ITAT-Penalty-taxscan.jpg "TDS not leviable on External Development Charges paid to HUDA: ITAT deletes Penalty [Read Order]")