ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
Income received in Excess of Face Value of Shares u/s 56 of Income Tax Act is Taxable: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, Income received in Excess of Face Value of Shares under Section 56 of...
![Information from Property Broker Firms and Websites cannot be relied upon to determine adequacy of Rent received for invoking Sec 13(2)(b) of Income Tax Act: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/02/Humdard-Information-Property-Broker-Firms-Websites-adequacy-Rent-section-13-2-b-Income-Tax-Act-Delhi-High-Court-Taxscan.jpg "Information from Property Broker Firms and Websites cannot be relied upon to determine adequacy of Rent received for invoking Sec 13(2)(b) of Income Tax Act: Delhi High Court [Read Judgment]")
![Deduction allowable to Loss on Investment in Subsidiary made to Boost Sales: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Deduction-Loss-on-Investment-Boost-Sales-ITAT-taxscan.jpg "Deduction allowable to Loss on Investment in Subsidiary made to Boost Sales: ITAT [Read Order]")
![ITAT remands matter back to AO to Compute Income from House Property as per Municipal Value [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/ITAT-AO-income-from-house-property-municipal-value-taxscan.jpg "ITAT remands matter back to AO to Compute Income from House Property as per Municipal Value [Read Order]")
![Fertilizer Subsidy Income derived from Business of Industrial undertaking eligible for Income Tax Deduction: ITAT grants relief to Tata Chemicals [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Fertilizer-Subsidy-income-Income-Tax-Deduction-ITAT-Tata-Chemicals-TAXSCAN.jpg "Fertilizer Subsidy Income derived from Business of Industrial undertaking eligible for Income Tax Deduction: ITAT grants relief to Tata Chemicals [Read Order]")
Unregistered Association of Persons formed by Agreement merging Two Charitable Trusts eligible for Income Tax Exemption: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has ruled that the unregistered Association of Persons formed by agreement merging two charitable Trusts eligible for exemption under Income...
![Unregistered Association of Persons formed by Agreement merging Two Charitable Trusts eligible for Income Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Unregistered-Association-of-Persons-agreement-charitable-Trusts-under-Income-Tax-ITAT-TAXSCAN.jpg "Unregistered Association of Persons formed by Agreement merging Two Charitable Trusts eligible for Income Tax Exemption: ITAT [Read Order]")
No TDS payable as Assessee does not make payment to TSPs: ITAT grants relief to Thyrocare [Read Order]
In a relief to Thyrocare Technologies, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that no TDS payable as assessee does not make payment to Thyrocare Services Providers (TSPs). ...
![No TDS payable as Assessee does not make payment to TSPs: ITAT grants relief to Thyrocare [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/TDS-TDS-payable-assesse-payment-TSPs-ITAT-Thyrocare-Technologies-Taxscan.jpeg "No TDS payable as Assessee does not make payment to TSPs: ITAT grants relief to Thyrocare [Read Order]")
No Retrospective Effect of CBDT Circular, requiring separate notification by Govt for Importing the benefit of MFN into DTAA: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that No Retrospective effect of Central Board of Direct Taxes (CBDT) Circular, requiring separate notification by Government for...
![No Retrospective Effect of CBDT Circular, requiring separate notification by Govt for Importing the benefit of MFN into DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Retrospective-Effect-CBDT-Government-importing-MFN-DTAA-ITAT-taxscan.jpg "No Retrospective Effect of CBDT Circular, requiring separate notification by Govt for Importing the benefit of MFN into DTAA: ITAT [Read Order]")
ITAT deletes Addition by way of Adjustment made by CPC towards ESI and PF though paid before Income Tax Return due date [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has deleted addition by way of adjustment made by CPC towards ESI and PF though paid before ITR due date. The assessee, Murlidhar...
![ITAT deletes Addition by way of Adjustment made by CPC towards ESI and PF though paid before Income Tax Return due date [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/ITAT-CPC-ESI-PF-though-ITR-due-date-taxscan.jpg "ITAT deletes Addition by way of Adjustment made by CPC towards ESI and PF though paid before Income Tax Return due date [Read Order]")
![ITAT directs AO to restrict Disallowance at 2% of Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/ITAT-AO-disallowance-bogus-purchases-Taxscan.jpg "ITAT directs AO to restrict Disallowance at 2% of Bogus Purchases [Read Order]")
Interest earned from Investments made in any Bank, not being a Co-operative Society, is not deductible: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that Interest earned from investments made in any bank, not being a co-operative society, is not deductible. The assessee, M/s....
![Interest earned from Investments made in any Bank, not being a Co-operative Society, is not deductible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Interest-investment-bank-co-operative-society-TAT-taxscan.jpg "Interest earned from Investments made in any Bank, not being a Co-operative Society, is not deductible: ITAT [Read Order]")