ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Arrears of Interest already offered to Tax cannot be treated as Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Arrears-of-Interest-Tax-Arrears-Cash-Credit-ITAT-ITAT-Mumbai-Taxscan.jpeg "Arrears of Interest already offered to Tax cannot be treated as Cash Credit: ITAT [Read Order]")
Arrears of Interest already offered to Tax cannot be treated as Cash Credit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the arrears of interest already offered to tax cannot be treated as cash credit...
![Amount invested in Capital Gain Scheme is not subject to Tax in the Year of Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Amount-invested-Capital-Gain-Scheme-Tax-Investment-ITAT.jpg "Amount invested in Capital Gain Scheme is not subject to Tax in the Year of Investment: ITAT [Read Order]")
![CPC has No Jurisdiction of Prima-Facie Adjustment u/s 143(1) of Income Tax Act when there are Judicial Decisions favouring Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/CPC-Jurisdiction-Prima-Facie-Adjustment-Income-Tax-Act-Assessee-ITAT-taxscan.jpg "CPC has No Jurisdiction of Prima-Facie Adjustment u/s 143(1) of Income Tax Act when there are Judicial Decisions favouring Assessee: ITAT [Read Order]")
![No Royalty on Licensing of Software: Delhi HC dismisses Appeal against Microsoft [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Royalty-Licensing-Software-Delhi-High-Court-Appeal-Microsoft-Taxscan.jpeg "No Royalty on Licensing of Software: Delhi HC dismisses Appeal against Microsoft [Read Order]")
![Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/premises-small-scale-repair-capital-expenditure-ITAT-taxscan.jpg "Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]")
ITAT sets aside Order Deleting Disallowances on Account of Loss on Revaluation of Fixed Assets [Read Order]
The Delhi Income Tax Appellate Tribunal ( ITAT ) set aside order deleting disallowances on account of loss on revaluation of fixed assets. The CIT (A) in the case of Railtel Corporation of India...
![ITAT sets aside Order Deleting Disallowances on Account of Loss on Revaluation of Fixed Assets [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-Order-Loss-Fixed-Assets-taxscan.jpg "ITAT sets aside Order Deleting Disallowances on Account of Loss on Revaluation of Fixed Assets [Read Order]")
![Shares Invested in Paper Companies: ITAT confirms Disallowance of LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Long-Term-Capital-Gain-Shares-Paper-Companies-ITAT-LTCG-taxscan.jpeg "Shares Invested in Paper Companies: ITAT confirms Disallowance of LTCG [Read Order]")
Govt Securities are classifiable under the AFS category: ITAT confirms Deduction allowed for Loss of Government Securities
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench has held that Government Securities are classifiable under the “Available For Sale”(AFS)category and confirms the order of deduction...
Rough Estimation done by Partner as 'On Money' cannot be considered under Unexplained Cash Credit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat has held that rough estimation about charts of business booking by the partner as “on money” cannot be considered as unexplained cash u/s 68 and are...
![Rough Estimation done by Partner as On Money cannot be considered under Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/partner-money-cash-credit-ITAT-taxscan.jpg "Rough Estimation done by Partner as On Money cannot be considered under Unexplained Cash Credit: ITAT [Read Order]")
Loss on Trading in Derivatives of Securities can be Adjusted against Business Income: Bombay HC [Read Order]
A division bench of the Bombay High Court comprising Justices R.D. Dhanuka and S.G. Mehare, has held that the loss on trading in derivatives of securities not a speculative loss, can be set off...
![Loss on Trading in Derivatives of Securities can be Adjusted against Business Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Trading-Securities-Business-Income-Bombay-High-Court-Taxscan.jpeg "Loss on Trading in Derivatives of Securities can be Adjusted against Business Income: Bombay HC [Read Order]")
![Income Tax Addition cannot be based on Conjectures and Surmises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-Delhi-Income-Tax-Addition-ITAT-Taxscan.jpeg "Income Tax Addition cannot be based on Conjectures and Surmises: ITAT [Read Order]")
![Revisional Order merely based on Suspicion is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Addition-ITAT.jpg "Revisional Order merely based on Suspicion is Invalid: ITAT [Read Order]")