ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![If Assesse failed to discharge the Onus under Section 68 of the Income Tax Act, There is No Escape from Tax Liabilities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Assesse-failed-to-discharge-the-Onus-Section-68-Income-Tax-Act-Tax-Liabilities-ITAT.jpg "If Assesse failed to discharge the Onus under Section 68 of the Income Tax Act, There is No Escape from Tax Liabilities: ITAT [Read Order]")
If Assesse failed to discharge the Onus under Section 68 of the Income Tax Act, There is No Escape from Tax Liabilities: ITAT [Read Order]
The Income Tax Appellate Authority ( ITAT ) has held that if the assesse failed to discharge the onus under section 68 of the Act, there is no escape...
![Unascertained Liability cannot be allowed as Embezzlement Losses in computing Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Unascertained-Liability-Embezzlement-Losses-computing-Business-Income-ITAT.jpeg "Unascertained Liability cannot be allowed as Embezzlement Losses in computing Business Income: ITAT [Read Order]")
![CIT (A) has No Power u/s 251 (1)(A) to set aside Matter before the AO; Reasonable Opportunity of hearing should be given to AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CIT-A-251-1A-AO-ITAT-Taxscan.jpeg "CIT (A) has No Power u/s 251 (1)(A) to set aside Matter before the AO; Reasonable Opportunity of hearing should be given to AO: ITAT [Read Order]")
![Foreign Exchange Fluctuation Loss is an Expenditure allowable u/s 37(1) Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Foreign-Exchange-Fluctuation-Loss-Expenditure-IT-Act-ITAT-taxscan.jpg "Foreign Exchange Fluctuation Loss is an Expenditure allowable u/s 37(1) Income Tax Act: ITAT [Read Order]")
![Failure to participate in Appellate Proceedings: ITAT directs Assessee to Pay Rs. 10,000 to PM’s National Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Appellate-Proceeding-ITAT-PMs-National-Relief-Fund-Taxscan.jpeg "Failure to participate in Appellate Proceedings: ITAT directs Assessee to Pay Rs. 10,000 to PM’s National Relief Fund [Read Order]")
Appellate Authority shall dispose Appeal on Merits even in the Absence of Assessee during Proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the appellate authority shall dispose the appeal on merits even in the absence of assessee during proceedings. The assessee, Mr....
![Appellate Authority shall dispose Appeal on Merits even in the Absence of Assessee during Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Appellate-Authority-dispose-Appeal-on-Merits-absence-of-Assessee-during-Proceedings-ITAT.jpg "Appellate Authority shall dispose Appeal on Merits even in the Absence of Assessee during Proceedings: ITAT [Read Order]")
Re-opening of Assessment cannot be done in a Mechanical Manner and on a Change of Opinion: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the re-opening of an assessment cannot be done in a mechanical manner and on the basis of change of opinion by the Assessing...
![Re-opening of Assessment cannot be done in a Mechanical Manner and on a Change of Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Re-opening-cof-assessment-ITAT.jpg "Re-opening of Assessment cannot be done in a Mechanical Manner and on a Change of Opinion: ITAT [Read Order]")
![Revisional Jurisdiction cannot be invoked on Highly Debatable Issues: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Revisional-Jurisdiction-Highly-Debatable-Issues-Debatable-Issues-ITAT-Jurisdiction-Taxscan.jpg "Revisional Jurisdiction cannot be invoked on Highly Debatable Issues: ITAT [Read Order]")
Relief to Benetton India: ITAT allows Business Loss incurred on Forfeiture of Rental Security Deposits [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal, in a major relief to Benetton India, held that the loss incurred on forfeiture of security deposits given for lease of rental premises can be...
![Relief to Benetton India: ITAT allows Business Loss incurred on Forfeiture of Rental Security Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Benetton-India-ITAT-BusinessLoss-Rental-Security-Deposits-taxscan.jpeg "Relief to Benetton India: ITAT allows Business Loss incurred on Forfeiture of Rental Security Deposits [Read Order]")
High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]
The Delhi High Court has held that the High Court, while entertaining an appeal under Section 260A of the Income Tax Act, 1961 cannot interfere with the finding of fact if it involves re-appreciation...
![High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/High-Court-ITAT-Appellate-Jurisdiction-Delhi-High-Court-taxscan.jpg "High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]")
![ITAT deletes Penalty since AO issued Notice without specifying Charge [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Penalty-Assessing-Officer-AO-Notice-Charge-Taxscan.jpg "ITAT deletes Penalty since AO issued Notice without specifying Charge [Read Order]")
Fixation of Hearing on Very Next Date of Show-Cause Notice violates Natural Justice Principles: ITAT slams Dept for Casual Approach [Read Order]
The Delhi bench of the ITAT comprising Judicial Member Mr. Amit Shukla and Accountant Member Mr. Mr. Pradip Kumar Kedia has recently quashed an order citing the violation of natural justice...
![Fixation of Hearing on Very Next Date of Show-Cause Notice violates Natural Justice Principles: ITAT slams Dept for Casual Approach [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Fixation-Hearing-Show-Cause-Notice-Natural-Justice-Principles-ITAT-Casual-Approach-Department-Taxscan.jpg "Fixation of Hearing on Very Next Date of Show-Cause Notice violates Natural Justice Principles: ITAT slams Dept for Casual Approach [Read Order]")