ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![If Booking of Flat to be Constructed in future is treated as Transfer, Notional Value of the Same shall be allowable as Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Transfer-Notional-Value-Capital-Gain-Exemption-ITAT-taxscan.jpg "If Booking of Flat to be Constructed in future is treated as Transfer, Notional Value of the Same shall be allowable as Capital Gain Exemption: ITAT [Read Order]")
If Booking of Flat to be Constructed in future is treated as 'Transfer', Notional Value of the Same shall be allowable as Capital Gain Exemption: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that if the booking of a flat which is to be constructed in a future time is...
![Payment for Advertisement Space on Website does not amount to Royalty, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Payment-Advertisement-Space-on-Website-Royalty-TDS-ITAT-taxscan.jpg "Payment for Advertisement Space on Website does not amount to Royalty, No TDS: ITAT [Read Order]")
![Assessment Order against Non-existing Entity after Merger is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessment-Order-Non-existing-Entity-ITAT.jpg "Assessment Order against Non-existing Entity after Merger is Invalid: ITAT [Read Order]")
![Fake Bank Account made Using ID Proof of Assessee: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Fake-Bank-Account-ID-Proof-of-Assessee-ITAT.jpg "Fake Bank Account made Using ID Proof of Assessee: ITAT deletes Addition [Read Order]")
![Non-Cooperation with Dept cannot be Sole ground for Addition u/s 69A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Dept-sole-ground-ITAT-taxscan.jpg "Non-Cooperation with Dept cannot be Sole ground for Addition u/s 69A: ITAT [Read Order]")
Provisions of 'Deemed Dividend' would attract all the Profits up to the date of Payment Irrespective of AY: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal has held that provisions of 'Deemed Dividend' would attract all the profits up to the date of payment irrespective of assessment year. The...
![Provisions of Deemed Dividend would attract all the Profits up to the date of Payment Irrespective of AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Deemed-Dividend-Profits-Payment-AY-ITAT-taxscan.jpg "Provisions of Deemed Dividend would attract all the Profits up to the date of Payment Irrespective of AY: ITAT [Read Order]")
Bad Debts under Corporate Structure Scheme reduce Sundry receivables, confirms the write-off of Bad Debts: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that bad debt formed under the corporate structure scheme reduces sundry receivables and confirms the addition of bad debts written...
![Bad Debts under Corporate Structure Scheme reduce Sundry receivables, confirms the write-off of Bad Debts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/corporate-structure-scheme-sundry-receivables-bad-debts-ITAT-taxscan.jpg "Bad Debts under Corporate Structure Scheme reduce Sundry receivables, confirms the write-off of Bad Debts: ITAT [Read Order]")
Advance Payment to purchase Agricultural Land from Sale Proceed deductible u/s 54B of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot bench has held that the advance payment to purchase agricultural land from the sale proceed of the land sold by him is eligible for benefit of...
![Advance Payment to purchase Agricultural Land from Sale Proceed deductible u/s 54B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Advance-Payment-purchase-Agricultural-Land-Sale-Proceed-Income-Tax-Act-ITAT-taxscan.jpg "Advance Payment to purchase Agricultural Land from Sale Proceed deductible u/s 54B of Income Tax Act: ITAT [Read Order]")
Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Prashant Maharishi, AM and Shri Rahul Chaudhary, JM held that depreciation of 60 % can be allowed to ‘computers including...
![Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Computers-computer-software-ITAT-Rules-ITAT-taxscan.jpg "Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]")
Money Laundering through Stockbroker: ITAT upholds Denial of Income Tax Exemption u/s10(38) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has upheld an order denying income tax exemption to the assessee allegedly involved in the scam of money laundering through stockbroker. The...
![Money Laundering through Stockbroker: ITAT upholds Denial of Income Tax Exemption u/s10(38) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Money-Launder-Stockbroker-ITAT-upholds-Income-Tax-Exemption-taxscan.jpeg "Money Laundering through Stockbroker: ITAT upholds Denial of Income Tax Exemption u/s10(38) [Read Order]")
![Re-Assessment based on Incorrect and Irrelevant Facts is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Re-Assessment-Incorrect-and-Irrelevant-Facts-ITAT.jpeg "Re-Assessment based on Incorrect and Irrelevant Facts is Invalid: ITAT [Read Order]")
Third Party Shareholders Renouncing Rights Shares in Favour of the Assesse is Liable to Tax u/s 56(2): ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal has held that third party shareholders renouncing rights shares in favour of the assesse are liable to tax u/s 56(2). The appellant, Sri Jigar...
![Third Party Shareholders Renouncing Rights Shares in Favour of the Assesse is Liable to Tax u/s 56(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Third-Party-Shareholders-Shares-Assesse-Tax-ITAT-taxscan.jpeg "Third Party Shareholders Renouncing Rights Shares in Favour of the Assesse is Liable to Tax u/s 56(2): ITAT [Read Order]")