ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![No Transfer Pricing Adjustment u/s 92CA(3) of Reimbursement of Expenses incurred by Assessee on behalf of AEs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Transfer-Pricing-Adjustment-Expenses-Assessee-AE-ITAT-taxscan.jpg "No Transfer Pricing Adjustment u/s 92CA(3) of Reimbursement of Expenses incurred by Assessee on behalf of AEs: ITAT [Read Order]")
No Transfer Pricing Adjustment u/s 92CA(3) of Reimbursement of Expenses incurred by Assessee on behalf of AE's: ITAT [Read Order]
The Mumbai Income Tax Appellate Tribunal has held that no transfer pricing adjustment u/s 92CA(3) of reimbursement of expenses incurred by assessee...
![No Revision u/s 263 when AO has made Sufficient Enquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/AO-t-Enquiry-ITAT-taxscan.jpeg "No Revision u/s 263 when AO has made Sufficient Enquiry: ITAT [Read Order]")
![Income Tax Return not filed after receiving Re-Assessment Notice: ITAT upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Return-Re-Assessment-Notice-ITAT-upholds-Penalty-taxscan.jpeg "Income Tax Return not filed after receiving Re-Assessment Notice: ITAT upholds Penalty [Read Order]")
![Disallowance under section 14A not to be considered while computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-section-14A-Book-Profit-ITAT-Taxscan.jpeg "Disallowance under section 14A not to be considered while computing Book Profit: ITAT [Read Order]")
![A Mistake would not disentitle Assessee from a Lawful Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Mistake-Assessee-Lawful-Expenditure-ITAT-Taxscan.jpg "A Mistake would not disentitle Assessee from a Lawful Expenditure: ITAT [Read Order]")
Re-Assessment based on Wrong Assumption and Information from Another Assessing Officer is Invalid: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the reopening of assessment based on wrong assumption and information received from another assessing officer shall be treated as...
![Re-Assessment based on Wrong Assumption and Information from Another Assessing Officer is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Re-Assessment-Assessing-Officer-ITAT-taxscan.jpeg "Re-Assessment based on Wrong Assumption and Information from Another Assessing Officer is Invalid: ITAT [Read Order]")
Revisional Jurisdiction cannot be invoked If there is No Illegality in Original Re-Assessment: ITAT [Read Order]
While quashing a revisional jurisdiction under section 263 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Pune bench has held that the same cannot be invoked if there is no...
![Revisional Jurisdiction cannot be invoked If there is No Illegality in Original Re-Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Revisional-Jurisdiction-No-Illegality-Original-Re-Assessment-ITAT-Re-Assessment-Taxscan.jpeg "Revisional Jurisdiction cannot be invoked If there is No Illegality in Original Re-Assessment: ITAT [Read Order]")
Penalty can’t be invoked under Income Tax Act without relevant Documents which substantiate Business Activities: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that penalty can’t be invoked under Income Tax Act without relevant documents which substantiate business activities. The appellant...
![Penalty can’t be invoked under Income Tax Act without relevant Documents which substantiate Business Activities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Penalty-Income-Tax-Act-relevant-documents-substantiate-business-activities-ITAT-taxscan.jpg "Penalty can’t be invoked under Income Tax Act without relevant Documents which substantiate Business Activities: ITAT [Read Order]")
![Re-Assessment cannot be made in a Casual and Whimsical Manner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Re-Assessment-ITAT-Whimsical-Manner-Taxscan.jpg "Re-Assessment cannot be made in a Casual and Whimsical Manner: ITAT [Read Order]")
Capital Gain Exemption cannot be allowed as No Property Purchased/Constructed within stipulated period U/S 54F: ITAT [Read Order]
The Pune Bench Income Tax Appellate Tribunal ( ITAT ) has held that capital gain exemption cannot be allowed as no property purchased or constructed within the stipulated period U/S 54F. The...
![Capital Gain Exemption cannot be allowed as No Property Purchased/Constructed within stipulated period U/S 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Capital-Gain-Exemption-Property-Purchased-Constructed-stipulated-period-ITAT-taxscan.jpg "Capital Gain Exemption cannot be allowed as No Property Purchased/Constructed within stipulated period U/S 54F: ITAT [Read Order]")
No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]
While deleting an addition against a Cost Accountant, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the same cannot be made against an Individual who is earning income...
![No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Demonetization-Salaried-Person-ITAT-Cost-Accountant-taxscan.jpg "No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]")
![No Specific Charges mentioned in S. 274 Notice: ITAT deletes Penalty Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Specific-Charges-Notice-ITAT-Penalty-Order-taxscan.jpg "No Specific Charges mentioned in S. 274 Notice: ITAT deletes Penalty Order [Read Order]")