ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/MTM-losses-ICICI-Bank-ITAT-AO-MTM-TAXSCAN.jpg "MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]")
MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that mark-to-market losses incurred in the regular course of business by ICICI Bank are...
![Addition shall be made in respect of Employees Contribution to PF/ESI which has not been deposited within Stipulated Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Employee-State-Insurance-Provident-Fund-ITAT-PF-ESI-TAXSCAN.jpg "Addition shall be made in respect of Employees Contribution to PF/ESI which has not been deposited within Stipulated Date: ITAT [Read Order]")
![Writ Petition against ITAT order not Heard Due to Retirement of Presiding Judge: Supreme Court directs HC to Re Hear [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/12/Writ-Petition-against-ITAT-ITAT-Retirement-of-Presiding-Judge-Supreme-Court-High-Court-High-Court-Rehear-the-Writ-Petition-Writ-Petition-taxscan.jpg "Writ Petition against ITAT order not Heard Due to Retirement of Presiding Judge: Supreme Court directs HC to Re Hear [Read Judgement]")
![High Court cannot exercise jurisdiction on Non-Consideration of one or more Grounds by ITAT: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Kerala-High-Court-ITAT-exercise-jurisdiction-on-Non-Consideration-jurisdiction-High-Court-taxscan.jpg "High Court cannot exercise jurisdiction on Non-Consideration of one or more Grounds by ITAT: Kerala HC [Read Order]")
![Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Receipt-of-Compensation-Capital-Receipt-ITAT-deletes-Addition-TAXSCAN.jpg "Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]")
Ex-Parte order passed for Non-Appearance of Assessee: ITAT grants another opportunity giving relief to Oriental Bank [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity while giving relief to Oriental Bank as an ex-parte order was passed for non-appearance of the assessee. ...
![Ex-Parte order passed for Non-Appearance of Assessee: ITAT grants another opportunity giving relief to Oriental Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Oriental-Bank-site-img.jpg "Ex-Parte order passed for Non-Appearance of Assessee: ITAT grants another opportunity giving relief to Oriental Bank [Read Order]")
Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under Section 68 of the Income Tax Act, 1961 made on presumptions and conjectures and also the failure of the...
![Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Failure-of-AO-ITAT-deletes-Addition-Presumptions-and-Conjectures-Income-Tax-Appellate-Tribunal-Assessing-Officer-taxscan.jpg "Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]")
Interest Expenditure claimed under head of Income from House property in Original ITR: ITAT allows deduction u/s 24 of Income Tax Act
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the deduction under Section 24 of the Income Tax Act, 1961 due to interest expenditure claimed under the head of income from house...
Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the expenditure of consultancy fees can be treated as revenue expenditure and is eligible for the deduction under section 37 (1)...
![Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Expenditure-pertaining-Consultancy-fees-Revenue-Expenditure-Income-Tax-Act-ITAT-Income-Appellate-taxscan-1.jpg "Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]")
ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, deleted the addition made on account of the notional Annual Letting Value (ALV) on unsold flats held as stock-in-trade. The bench observed that...
![ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Appellate-Tribunal-stock-in-trade-notional-ALV-notional-Annual-Letting-Value-business-income-Taxscan.jpg "ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]")
No computation of fee u/s.234E of Income Tax Act for Delayed filing of return of TDS prior to 01.06.2015: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the computation of fee under section 234E of the Income Tax Act,1961 cannot be done for delayed filing of return of Tax...
![No computation of fee u/s.234E of Income Tax Act for Delayed filing of return of TDS prior to 01.06.2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/computation-of-fee-Income-Tax-Act-Delayed-filing-Tax-Deducted-at-Source-ITAT-TDS-Tax-Deducted-TAX-Tax-ACT-TAXSCAN.jpg "No computation of fee u/s.234E of Income Tax Act for Delayed filing of return of TDS prior to 01.06.2015: ITAT [Read Order]")