ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
ITAT Weekly Round-Up
This weekly round-up analytically summarizes the key judgments reported at Taxscan.in by the Income Tax Appellate Tribunal (ITAT) from the 1st to the...
![Delay due to Liquidation Proceedings constitute Reasonable Cause: ITAT directs CIT(A) to consider Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Liquidation-Proceedings-Reasonable-Cause-ITAT-CITA-taxscan.jpg "Delay due to Liquidation Proceedings constitute Reasonable Cause: ITAT directs CIT(A) to consider Appeal [Read Order]")
![Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Firm-Capital-Partner-ITAT-Income-Tax-Act-section-68-Taxscan.jpg "Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
![Section 153C Assessment cannot be based on Presumptions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessment-presumption-ITAT-Section-153C-Taxscan.jpg "Section 153C Assessment cannot be based on Presumptions: ITAT [Read Order]")
![Reimbursement of Salary based on Cost to Cost without any Profit element cannot attract TDS Liability u/s 195: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Salary-profit-element-TDS-Liability-ITAT-cost-to-cost-Reimbursement-Taxscan.jpg "Reimbursement of Salary based on Cost to Cost without any Profit element cannot attract TDS Liability u/s 195: ITAT [Read Order]")
Nature of Trust cannot be treated as 'Religious' when There is No distinction between Caste, Creed, Race, or Religion: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the object of the Trust cannot be characterized as religious object especially when it does not make a distinction...
![Nature of Trust cannot be treated as Religious when There is No distinction between Caste, Creed, Race, or Religion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Religious-Caste-Creed-Race-Religion-ITAT-taxscan.jpg "Nature of Trust cannot be treated as Religious when There is No distinction between Caste, Creed, Race, or Religion: ITAT [Read Order]")
![Interest received on Enhanced Compensation during Land Acquisition is not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Interest-Compensation-Land-Acquisition-Taxable-ITAT-taxscan.jpeg "Interest received on Enhanced Compensation during Land Acquisition is not Taxable: ITAT [Read Order]")
Transfer Pricing Adjustments not applicable to Interest Free Loans and Advances by Assessee to AE: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal has held that transfer pricing adjustments not applicable to interest free loans and advances by assessee to Associated Enterprises. The...
![Transfer Pricing Adjustments not applicable to Interest Free Loans and Advances by Assessee to AE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Transfer-Pricing-Adjustments-Interest-Free-Loans-Advances-by-Assessee-AE-ITAT.jpg "Transfer Pricing Adjustments not applicable to Interest Free Loans and Advances by Assessee to AE: ITAT [Read Order]")
No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT )has held that no sufficient reason to prove income escaped assessment and dismissed revenue appeal for reopening the assessment. The...
![No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Assessment-ITAT-Revenue-Appeal-Reopening-Assessment-taxscan.jpeg "No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]")
Foreign Subsidiary Company not providing Technical Knowledge to Assessee: ITAT holds Outsourcing Charges are not Taxable as FTS or FIS [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has held that foreign subsidiary company not providing technical knowledge to the assessee and holds that outsourcing charges are not...
![Foreign Subsidiary Company not providing Technical Knowledge to Assessee: ITAT holds Outsourcing Charges are not Taxable as FTS or FIS [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Foreign-Subsidiary-Company-Assessee-ITAT-FTS-FIS-taxscan.jpg "Foreign Subsidiary Company not providing Technical Knowledge to Assessee: ITAT holds Outsourcing Charges are not Taxable as FTS or FIS [Read Order]")
Outstanding Balances cannot be treated as 'Bogus' when Payment made through Banking Channels: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the outstanding balances cannot be suspected as bogus when the payments to parties were made through banking channel. During...
![Outstanding Balances cannot be treated as Bogus when Payment made through Banking Channels: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Outstanding-Balance-Bogus-Payment-Banking-Channels-taxscan.jpg "Outstanding Balances cannot be treated as Bogus when Payment made through Banking Channels: ITAT [Read Order]")
Capital Gain Exemption allowable on Amount spent on Interiors, Renovation, Furnishing: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54F is allowable on the amount spent on interiors, renovation, furnishing etc. ...
![Capital Gain Exemption allowable on Amount spent on Interiors, Renovation, Furnishing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Capital-Gain-Exemption-Amount-Interiors-Renovation-ITAT-taxscan.jpg "Capital Gain Exemption allowable on Amount spent on Interiors, Renovation, Furnishing: ITAT [Read Order]")