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Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.

LTCG to be Computed from Taxpayer’s First Year as Property Holder: ITAT Notes Error in Indexation Year [Read Order]

Raheel Midhat

The Income Tax Appellate Tribunal ( ITAT ) has, in a recent case, noted that while computing long term capital gain, the indexation must be...

Advertising & Sales Promotion Spend to Dealers Not ‘Fringe Benefit’: ITAT deletes ₹1.08 Cr FBT...

Interest Expenditure allowable u/s 57(iii) against Interest Income if Direct Nexus Proved: ITAT...

Cash from Sale of Crops Deposited during Demonetization Period, Supporting Documents Submitted: ITAT...

Vodafone Distributor Fails to Explain ₹51.80 Lakh Cash Deposits: ITAT Upholds 8% Income Estimation...

HUF’s Entitlement to ₹9.32 Lakh TDS Credit Requires Proof Members Did Not Claim It: ITAT Remands Matter for Verification [Read Order]

In a recent ruling, the Agra bench of the Income Tax Appellate Tribunal (ITAT) held that credit on Tax Deducted at Source (TDS) claimed by a Hindu undivided family (HUF) cannot be denied...

ROC Strike-Off Does Not Invalidate Reassessment where S.148 Notice Predates It: ITAT [Read Order]

The Income Tax Appellate Tribunal, Surat (ITAT) held that reassessment proceedings are not rendered invalid merely because the assessee company’s name was subsequently struck off by the Registrar...

ITAT Weekly Round-up

This weekly round-up encapsulates the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous week, from January 19, 2025 to January 24, 2025. ...

No Separate Rent provided by Co-tenants: ITAT Grants relief to Landlord based on Tenant’s Bank Records [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to a landlord after holding that the Assessing Officer (AO) wrongly assumed that separate rent was being paid by two...

Taxpayer cannot be Penalised for Mistake of Previous Tax Consultant: ITAT Grants Relief [Read Order}

The Income Tax Appellate Tribunal ( ITAT ), Rajkot has held that a taxpayer should not be penalised for the mistake of a previous tax consultant. The tribunal, condoned a 104-day delay...

Rebate u/s 87A allowable to STCG and LTCG Taxed under New Regime, Not Applicable on VDA Transfers: ITAT [Read Order]

The Indore Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that rebate under Section 87A is allowable against tax payable on Short-Term Capital Gains ( STCG ) under Section 111A and...

Deeming Provision of S. 69A applies only when ‘Money Found’ with Taxpayer and Not Explained: ITAT [Read Order]

The deeming provision under Section 69A of the Income Tax Act, 1961 applies only when “money” is found with the assessee and the assessee fails to explain its nature and source, ruled the Income...

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