ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Royalty Expenditure for Use of Technical Know-How can be treated as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Royalty-Expenditure-Technical-Revenue-Expenditure-ITAT-taxscan.jpeg "Royalty Expenditure for Use of Technical Know-How can be treated as Revenue Expenditure: ITAT [Read Order]")
Royalty Expenditure for Use of Technical Know-How can be treated as Revenue Expenditure: ITAT [Read Order]
The ITAT, Delhi bench has held that the royalty expenditure for the use of know-how can be treated as revenue expenditure for the purpose of the...
![Depreciation not allowable on Non-Compete Fee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Depreciation-not-allowable-Non-Compete-Fee-ITAT-taxscan.jpg "Depreciation not allowable on Non-Compete Fee: ITAT [Read Order]")
![Black Money Act Provisions cannot be invoked for Minor Breach of Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Black-Money-Act-Provisions-Minor-Breach-Law-ITAT-TAXSCAN-.jpeg "Black Money Act Provisions cannot be invoked for Minor Breach of Law: ITAT [Read Order]")
![Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Amount-spent-Consumable-Items-Capital-Gain-Cost-of-Improvement-ITAT-Taxscan.jpg "Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]")
![Revisional Jurisdiction cannot be invoked merely because Assessment Order was without Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Revisional-Jurisdiction-Assessment-Order-Reasons-ITAT-Assessment-jurisdiction-Taxscan.jpg "Revisional Jurisdiction cannot be invoked merely because Assessment Order was without Reasons: ITAT [Read Order]")
Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi bench has held that the income tax proceedings are attached with the presumption of truth and the non-appearance before the authorities would imply that the...
![Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Income-Tax-Proceedings-Presumption-of-Truth-Non-Appearance-Rebut-ITAT-Assessee-Taxscan.jpg "Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]")
Relief to HP Services Singapore: Payment to Microsoft for Software Purchase does not amount to ‘Royalty’, rules ITAT [Read Order]
The Delhi bench of the ITAT has held that the assesee, HP Services (Singapore) cannot be taxed for royalty as per the Indo-Singapore DTAA for purchasing the software from Microsoft company. The...
![Relief to HP Services Singapore: Payment to Microsoft for Software Purchase does not amount to ‘Royalty’, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/HP-Services-Singapore-Payment-to-Microsoft-Software-Purchase-Royalty-ITAT-Taxscan.jpeg "Relief to HP Services Singapore: Payment to Microsoft for Software Purchase does not amount to ‘Royalty’, rules ITAT [Read Order]")
Trust is Deemed to be Registered U/S 12AA in the Absence of Refusal of Registration within 6 months: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) has held that trust is deemed to be registered u/s 12AA in the absence of refusal of registration within 6 months. The Appellant, a...
![Trust is Deemed to be Registered U/S 12AA in the Absence of Refusal of Registration within 6 months: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Trust-Registered-U-S-12AA-Refusal-of-Registration-registration-6-months-ITAT-Taxscan.jpg "Trust is Deemed to be Registered U/S 12AA in the Absence of Refusal of Registration within 6 months: ITAT [Read Order]")
Car Parking Spaces Independent of Flat sold to Other Members shall be Assessed as Short Term Assets: ITAT [Read Order]
The Income Tax Appellate Tribunal, Mumbai bench has held that the car parking spaces which are independent of the flat and is distinguishable from the cost of improvement, was rightly treated as...
![Car Parking Spaces Independent of Flat sold to Other Members shall be Assessed as Short Term Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Car-Parking-Spaces-Car-Parking-Flat-Members-Short-Term-Assets-ITAT-Taxscan.jpg "Car Parking Spaces Independent of Flat sold to Other Members shall be Assessed as Short Term Assets: ITAT [Read Order]")
![Delay in filing Form 67 can’t be a reason to deny Foreign Tax Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Delay-filing-Form-67-Foreign-Tax-Credit-ITAT-tax-credit-Taxscan.jpg "Delay in filing Form 67 can’t be a reason to deny Foreign Tax Credit: ITAT [Read Order]")
Income Tax Penalty on alleged Cash Loan based on Loose Papers: ITAT quashes Order against Deceased Assessee since Authenticity of Transaction can’t be Vouched [Read Order]
The Delhi bench of the ITAT has quashed a penalty order whereby the income tax authorities imposed a penalty under section 271D of the Income Tax Act, 1961 as the order was based on loose papers and...
![Income Tax Penalty on alleged Cash Loan based on Loose Papers: ITAT quashes Order against Deceased Assessee since Authenticity of Transaction can’t be Vouched [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Penalty-income-tax-Penalty-Cash-Loan-Loose-Papers-ITAT-quashes-Order-Deceased-Assessee-Authenticity-Transaction-Taxscan.jpg "Income Tax Penalty on alleged Cash Loan based on Loose Papers: ITAT quashes Order against Deceased Assessee since Authenticity of Transaction can’t be Vouched [Read Order]")
Information from Investigation Wing/AIR cannot be a Tangible Material to Initiate Re-Assessment: ITAT [Read Order]
The Delhi bench of the ITAT has quashed the re-assessment proceedings holding that the information received from the Investigations Wing or AIR cannot be said to be a tangible material per se without...
![Information from Investigation Wing/AIR cannot be a Tangible Material to Initiate Re-Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Investigation-Tangible-Material-Re-Assessment-ITAT-taxscan-1.jpeg "Information from Investigation Wing/AIR cannot be a Tangible Material to Initiate Re-Assessment: ITAT [Read Order]")