ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Section 147 is not an Alternative to Section 263: ITAT quashes Assessment Order u/s 147 without Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Assessment-order-Jurisdiction-taxscan.jpeg "Section 147 is not an Alternative to Section 263: ITAT quashes Assessment Order u/s 147 without Jurisdiction [Read Order]")
Section 147 is not an Alternative to Section 263: ITAT quashes Assessment Order u/s 147 without Jurisdiction [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that Section 147 is not an alternative to Section 263 and quashes assessment order...
![ITAT quashes Reassessment Order based on invalid Re-Assessment Notice issued without Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-invalid-re-assessment-Jurisdiction-taxscan.jpeg "ITAT quashes Reassessment Order based on invalid Re-Assessment Notice issued without Jurisdiction [Read Order]")
![Revisional jurisdiction can be invoked for Lack of enquiry by Assessing Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Revisional-jurisdiction-Assessing-Officer-ITAT-taxscan.jpg "Revisional jurisdiction can be invoked for Lack of enquiry by Assessing Officer: ITAT [Read Order]")
![Unabsorbed Depreciation can be set off against ‘Income from Other Sources’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Unabsorbed-depreciation-income-from-other-sources-ITAT-taxscan.jpg "Unabsorbed Depreciation can be set off against ‘Income from Other Sources’: ITAT [Read Order]")
![Specific limb must be mentioned in the Notice of Penalty u/s 271: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/notice-penalty-ITAT-taxscan.jpg "Specific limb must be mentioned in the Notice of Penalty u/s 271: ITAT [Read Order]")
![Interest Free Loans cannot be treated as Deemed Dividends u/s 2(22)(e): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Interest-free-loans-deemed-dividends-ITAT-taxscan.jpg "Interest Free Loans cannot be treated as Deemed Dividends u/s 2(22)(e): ITAT [Read Order]")
No Proper Reason for Non-Appearance before Income Tax Authorities: ITAT imposes Cost of Rs. 10,000 on Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has imposed a cost of Rs. 10,000 on the assessee for not giving proper reasons for the non-appearance before the income tax authorities. ...
![No Proper Reason for Non-Appearance before Income Tax Authorities: ITAT imposes Cost of Rs. 10,000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Non-Appearance-Income-Tax-Authorities-ITAT-Assessee-Income-tax-Taxscan.jpg "No Proper Reason for Non-Appearance before Income Tax Authorities: ITAT imposes Cost of Rs. 10,000 on Assessee [Read Order]")
Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has deleted an addition of around 7 lakhs on account of cash deposit during demonetization against the assessee, a...
![Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Medical-Emergencies-ITAT-Cash-Deposit-Demonetization-taxscan.jpg "Retired Army Officer kept Cash to Meet Medical Emergencies: ITAT deletes Addition for Cash Deposit during Demonetization [Read Order]")
![TDS Credit is allowable if it was not claimed in Subsequent Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/TDS-credit-ITAT-Taxscan.jpg "TDS Credit is allowable if it was not claimed in Subsequent Year: ITAT [Read Order]")
Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the mere existence of addition on income during assessment proceedings does not attract Income Tax Penalty. The...
![Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Assessment-Proceeding-Income-Tax-Penalty-ITAT-taxscan.jpg "Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [Read Order]")
Disallowance is Calculated based on Average Value of Share, Exempt Income earned as per Rule 8D(2)(iii): ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that as per rule 8D(2)(iii), the disallowance under 14A needs to calculate based on the average value of the share by exempt income...
![Disallowance is Calculated based on Average Value of Share, Exempt Income earned as per Rule 8D(2)(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-average-value-share-exempt-income-ITAT-Taxscan.jpeg "Disallowance is Calculated based on Average Value of Share, Exempt Income earned as per Rule 8D(2)(iii): ITAT [Read Order]")
SIDC eligible for S. 80IA Deduction in respect of Interest on Land Premium on Industrial Parks: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Dehradun bench has held that State Infrastructure & Industrial Development Corporation of Uttarakhand Ltd. (SIDC) is eligible for deduction under...
![SIDC eligible for S. 80IA Deduction in respect of Interest on Land Premium on Industrial Parks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/SIDC-Interest-Land-Premium-Industrial-Parks-ITAT-taxscan.jpg "SIDC eligible for S. 80IA Deduction in respect of Interest on Land Premium on Industrial Parks: ITAT [Read Order]")