ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Late Fee u/s 234E has Prospective Effect, cannot be levied without machinery provision of sec. 200A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/late-fee-under-section-234E-Prospective-Effect-machinery-provision-section-200A-ITAT-Taxscan.jpg "Late Fee u/s 234E has Prospective Effect, cannot be levied without machinery provision of sec. 200A: ITAT [Read Order]")
Late Fee u/s 234E has Prospective Effect, cannot be levied without machinery provision of sec. 200A: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the imposition of late fee under section 234E of the Income Tax Act, 1961 has...
![Reasons mentioned in Notice for Re-Assessment cannot be Improved Later: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Reasons-Notice-Re-Assessment-ITAT-Taxscan.jpeg "Reasons mentioned in Notice for Re-Assessment cannot be Improved Later: ITAT [Read Order]")
![Society Explained Source of Demonetized Notes: ITAT quashes Sec 68 Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Society-Source-Demonetized-Notes-ITAT-taxscan.jpg "Society Explained Source of Demonetized Notes: ITAT quashes Sec 68 Addition [Read Order]")
![Corpus Donations Received by an Un-Registered Trust Considered as Capital Receipt, not subject to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Corpus-Donations-Un-Registered-Trust-Capital-Receipt-Income-Tax-ITAT-taxscan.jpeg "Corpus Donations Received by an Un-Registered Trust Considered as Capital Receipt, not subject to Income Tax: ITAT [Read Order]")
![Revisional Jurisdiction can be invoked for Lack of Inquiry, not for Inadequate Inquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Revisional-Jurisdiction-Lack-of-Inquiry-Inadequate-Inquiry-ITAT-Taxscan.jpg "Revisional Jurisdiction can be invoked for Lack of Inquiry, not for Inadequate Inquiry: ITAT [Read Order]")
Capital Gain Exemption u/s 54F not available for Purchase of 'Office Premises': ITAT [Read Order]
The Pune bench of the ITAT has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 is not available if the sale consideration is used to purchase ‘office premises’. ...
![Capital Gain Exemption u/s 54F not available for Purchase of Office Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Capital-Gain-Exemption-54F-Purchase-of-Office-Premises-ITAT-Taxscan.jpeg "Capital Gain Exemption u/s 54F not available for Purchase of Office Premises: ITAT [Read Order]")
![Payment for Transponder Services does not amount to Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Payment-Transponder-Services-Royalty-ITAT-Taxscan.jpeg "Payment for Transponder Services does not amount to Royalty: ITAT [Read Order]")
Assessee couldn’t Realize the Effect of Assessment Order: ITAT condones Delay of 41 Months, says 'There is No Supposition That Everybody is the Custodian of Law' [Read Order]
The ITAT, Mumbai bench has condoned a delay of 41 months and held that the fact that the assessee could not realize the effect of assessment order issued by the CPC can be a valid ground for...
![Assessee couldn’t Realize the Effect of Assessment Order: ITAT condones Delay of 41 Months, says There is No Supposition That Everybody is the Custodian of Law [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessee-Assessment-Order-ITAT-Delay-of-41-Months-Custodian-of-Law-Taxscan.jpg "Assessee couldn’t Realize the Effect of Assessment Order: ITAT condones Delay of 41 Months, says There is No Supposition That Everybody is the Custodian of Law [Read Order]")
![Lenskart not liable to pay TDS on Payment to Facebook Ireland: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Lenskart-TDS-Payment-Facebook-Ireland-ITAT-taxscan.jpeg "Lenskart not liable to pay TDS on Payment to Facebook Ireland: ITAT [Read Order]")
Interest received on Enhanced Compensation does not come under ‘Income from Other Sources’ u/s 56 and does not Attracts TDS u/s 194A: ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal( ITAT ) has held that interest received on enhanced compensation not comes under ‘income from other sources’ u/s 56 and not attracts Tax Deduction...
![Interest received on Enhanced Compensation does not come under ‘Income from Other Sources’ u/s 56 and does not Attracts TDS u/s 194A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Interest-Compensation-Income-from-Other-Source-TDS-ITAT-TAXSCAN.jpeg "Interest received on Enhanced Compensation does not come under ‘Income from Other Sources’ u/s 56 and does not Attracts TDS u/s 194A: ITAT [Read Order]")
Non-Cooperation during Remand Proceedings: ITAT imposes Rs. 1000 Cost on Assessee, Directs Fresh Consideration of Matter [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has imposed a cost of Rs. 1000 on a taxpayer for not cooperating with the assessing officer during remand proceedings and directed the...
![Non-Cooperation during Remand Proceedings: ITAT imposes Rs. 1000 Cost on Assessee, Directs Fresh Consideration of Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Non-Cooperation-Remand-Proceedings-ITAT-Cost-Assessee-taxscan.jpg "Non-Cooperation during Remand Proceedings: ITAT imposes Rs. 1000 Cost on Assessee, Directs Fresh Consideration of Matter [Read Order]")
Mere Amalgamation would not invalidate Income Tax Proceedings as It would not amount to Winding Up of Company, rules Supreme Court [Read Judgment]
The Supreme Court, on Tuesday, held that whether corporate death of amalgamating entity upon amalgamation per se invalidates an assessment order issued under the Income Tax Act, 1961 cannot be...
![Mere Amalgamation would not invalidate Income Tax Proceedings as It would not amount to Winding Up of Company, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/04/Amalgamation-Income-Tax-Proceedings-Supreme-Court.jpeg "Mere Amalgamation would not invalidate Income Tax Proceedings as It would not amount to Winding Up of Company, rules Supreme Court [Read Judgment]")