ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![CIT (A) require to Examine Documentary Evidences filed by Assessee before merely Confirming Findings of AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/CIT-A-Documentary-Evidences-Assessee-AO-ITAT-taxscan.jpg "CIT (A) require to Examine Documentary Evidences filed by Assessee before merely Confirming Findings of AO: ITAT [Read Order]")
CIT (A) require to Examine Documentary Evidences filed by Assessee before merely Confirming Findings of AO: ITAT [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal has held that CIT (A) require to examine documentary evidences filed by assessee before merely...
![Short Term Capital cannot be carried forward as it has not been claimed through a Return filed under Sec 139(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Short-term-capital-return-ITAT-taxscan.jpg "Short Term Capital cannot be carried forward as it has not been claimed through a Return filed under Sec 139(3): ITAT [Read Order]")
![Disallowance u/s.40A (3) cannot be made in intimation u/s.143(1) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Disallowance-Act-ITAT-taxscan.jpeg "Disallowance u/s.40A (3) cannot be made in intimation u/s.143(1) of the Income Tax Act: ITAT [Read Order]")
![AO properly Verified Documents Adduced by Assessee: ITAT sets aside Revision proceedings u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/AO-Verified-Documents-Assessee-ITAT-Revision-proceedings-taxscan.jpg "AO properly Verified Documents Adduced by Assessee: ITAT sets aside Revision proceedings u/s 263 [Read Order]")
![Amount advanced for Business Transactions cannot treated as Deemed Dividend: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Amount-business-transactions-Deemed-Dividend-ITAT-taxscan.jpg "Amount advanced for Business Transactions cannot treated as Deemed Dividend: ITAT [Read Order]")
![ITAT allows Half Depreciation as Asset was put to use on Temporary structure of Office [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-depreciation-asset-office-taxscan.jpg "ITAT allows Half Depreciation as Asset was put to use on Temporary structure of Office [Read Order]")
Receiving Advances for purpose of availing Credit facilities, cannot be considered as gratuitous payments U/s 2(22)(e) of the Income Tax Act: ITAT
Receiving advances for purpose of availing credit facilities, cannot be considered as gratuitous payments under Section 2(22)(e) of the Income Tax Act, so was held by the Income Tax appellate...
![Excise Duty Subsidy / Excise Rollback is a Capital Receipt, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Excise-Duty-Subsidy-Rollback-Capital-Receipt-Taxable-ITAT-Taxscan.jpg "Excise Duty Subsidy / Excise Rollback is a Capital Receipt, not Taxable: ITAT [Read Order]")
Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has deleted an addition under section 68 of the Income Tax Act, 1961 against a Proprietor towards cash deposit during demonetization period by...
![Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Deposit-Demonetization-ITAT-ITAT-Chennai-Cash-in-Hand-Taxscan.jpeg "Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]")
ITAT directs Fresh Adjudication on Disallowance of Foreign Exchange Loss in respect of Buyer’s Credit payable by Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai directed fresh adjudication on the disallowance of foreign exchange loss in respect of the buyer’s credit payable by the assessee. The assessee, K....
![ITAT directs Fresh Adjudication on Disallowance of Foreign Exchange Loss in respect of Buyer’s Credit payable by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-adjudication-foreign-exchange-loss-buyers-credit-assessee-taxscan.jpg "ITAT directs Fresh Adjudication on Disallowance of Foreign Exchange Loss in respect of Buyer’s Credit payable by Assessee [Read Order]")
Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore held that, the report of the District Valuation Officer (DVO) was illegal on the ground that rejection of books of account is a precondition for...
![Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/books-of-account-DVO-ITAT-DVO-report-illegal-taxscan.jpeg "Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]")