ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Onus to Prove Authenticity of Loan Transactions is on Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Loan-Transactions-Assessee-ITAT-taxscan.jpg "Onus to Prove Authenticity of Loan Transactions is on Assessee: ITAT [Read Order]")
Onus to Prove Authenticity of Loan Transactions is on Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur bench consisting of Ravish Sood, Judicial Member, and Jamlappa D Battull, Accountant Member held...
![Original Assessment completed with Adequate Inquiry and Examination of Facts: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessment-Inquiry-Examination-ITAT-Revision-taxscan.jpeg "Original Assessment completed with Adequate Inquiry and Examination of Facts: ITAT quashes Revision Order [Read Order]")
![No TDS on Discounts extended to Pre-paid SIM distributors on Transfer of pre-paid SIM Cards/Talk Time: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/TDS-Discounts-Pre-paid-SIM-pre-paid-SIM-cards-talk-time-ITAT-taxscan.jpeg "No TDS on Discounts extended to Pre-paid SIM distributors on Transfer of pre-paid SIM Cards/Talk Time: ITAT [Read Order]")
![Oversight to submit Form 16 cannot attract Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Form-16-Tax-Penalty-ITAT-taxscan.jpg "Oversight to submit Form 16 cannot attract Tax Penalty: ITAT [Read Order]")
No Deliberate Attempt on part of Assessee to take Advantage of Delay in filing Appeal: ITAT condones Delay [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that since there is no deliberate attempt on the part of the assessee to take advantage of delay in filing the appeal, the delay can be...
![No Deliberate Attempt on part of Assessee to take Advantage of Delay in filing Appeal: ITAT condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessee-Appeal-ITAT-taxscan.jpeg "No Deliberate Attempt on part of Assessee to take Advantage of Delay in filing Appeal: ITAT condones Delay [Read Order]")
Findings on Bogus Purchases not rebutted by Material Records are not sustainable: ITAT upholds Addition made u/s 69 [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that findings on bogus purchases not rebutted by material records are not sustainable and upholds the addition made u/s 69 of the...
![Findings on Bogus Purchases not rebutted by Material Records are not sustainable: ITAT upholds Addition made u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/bogus-purchases-material-records-ITAT-taxscan.jpg "Findings on Bogus Purchases not rebutted by Material Records are not sustainable: ITAT upholds Addition made u/s 69 [Read Order]")
Loss out of Non-Speculative Transactions can be set off under the Head of Regular Business: ITAT [Read Order]
The Lucknow benchof Income Tax Appellate Tribunal (ITAT) comprising A D Jain, vice president and Shri T S Kapoor, AM has held that loss arose out of non-speculative transactions can be set off under...
![Loss out of Non-Speculative Transactions can be set off under the Head of Regular Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Loss-Non-speculative-Transactions-Regular-Busines-ITAT-taxscan.jpeg "Loss out of Non-Speculative Transactions can be set off under the Head of Regular Business: ITAT [Read Order]")
![Non-Cooperation during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 25,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/income-Tax-Assessment-Proceedingss-ITAT-taxscan.jpg "Non-Cooperation during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 25,000 [Read Order]")
Loose Paper Documents proved with Corroborative Evidence is not 'Dumb Document': ITAT upholds Estimation of On-Money [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench comprising of Shri Pawan Singh, J M and Dr A L Saini, AM has held that estimation and scribbling made on loose pages proved with corroborative...
![Loose Paper Documents proved with Corroborative Evidence is not Dumb Document: ITAT upholds Estimation of On-Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Loose-paper-Documents-corroborative-evidence-dumb-document-ITAT-Money-taxscan.jpg "Loose Paper Documents proved with Corroborative Evidence is not Dumb Document: ITAT upholds Estimation of On-Money [Read Order]")
Subsidy received on Gross Value of Fixed Asset is not Deductible from Actual cost u/s 43(1): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkatta bench has held thata specified percentage of subsidy amount of gross value of the fixed asset as on the date of commercial production is not...
![Subsidy received on Gross Value of Fixed Asset is not Deductible from Actual cost u/s 43(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Subsidy-gross-value-Fixed-Asset-Actual-cost-ITAT-taxscan.jpeg "Subsidy received on Gross Value of Fixed Asset is not Deductible from Actual cost u/s 43(1): ITAT [Read Order]")