ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![AO cannot Draw Adverse Inference on Non response of Directors to Notices: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/AO-Draw-Adverse-Inference-Non-response-Directors-Notices-Calcutta-HC-taxscan.jpg "AO cannot Draw Adverse Inference on Non response of Directors to Notices: Calcutta HC [Read Order]")
AO cannot Draw Adverse Inference on Non response of Directors to Notices: Calcutta HC [Read Order]
The Calcutta High Court held that Assessing Officers ( AO ) cannot draw adverse inferences on the non-response of directors to notices. The court,...
![Stay petition with respect to Assessment Order: Kerala HC directs ITATÂ to pass an order within period of 2 months [Read order]](https://www.taxscan.in/wp-content/uploads/2024/04/Kerala-High-Court-ITAT-Income-tax-Income-Tax-Appellate-Tribunal-Assessment-Order-taxscan.jpg "Stay petition with respect to Assessment Order: Kerala HC directs ITATÂ to pass an order within period of 2 months [Read order]")
![Loan Transaction Validated by Furnishing Identity and Creditworthiness of Creditors: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Kolkata-ITAT-Income-Tax-Income-Tax-Act-ITAT-ruling-on-loan-transaction-Section-68-Income-Tax-Act-Taxscan.jpg "Loan Transaction Validated by Furnishing Identity and Creditworthiness of Creditors: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
![ITAT has Power to Recall its Order u/s 254 of Income Tax Act to Correct Manifest Error Apparent on Record: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-High-Court-Delhi-HC-ITAT-Income-Tax-Act-Section-254-Of-The-Income-Tax-Act-ITAT-order-recall-power-Taxscan.jpg "ITAT has Power to Recall its Order u/s 254 of Income Tax Act to Correct Manifest Error Apparent on Record: Delhi HC [Read Order]")
Taxpayer engaged in Development Work with Statutory Bodies eligible for Deduction under Section 80-IA of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT) observed that the taxpayer engaged in development work with statutory bodies eligible for deduction under Section 80-IA of Income Tax...
![Taxpayer engaged in Development Work with Statutory Bodies eligible for Deduction under Section 80-IA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Ahmedabad-ITAT-Income-Tax-Section-80-IA-of-Income-Tax-Act-Income-Tax-Act-Taxscan.jpg "Taxpayer engaged in Development Work with Statutory Bodies eligible for Deduction under Section 80-IA of Income Tax Act: ITAT [Read Order]")
Comparison has to be made between Two Equals: Bombay HC upholds ITAT order directing to Remand Matter to TPO [Read Order]
The Bombay High Court upheld the order of the Income Tax Appellate Tribunal ( ITAT ) directing to remand matter to Transfer Pricing Officer ( TPO ) and held that the comparison has to be made between...
![Comparison has to be made between Two Equals: Bombay HC upholds ITAT order directing to Remand Matter to TPO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Bombay-High-Court-Bombay-HC-ITAT-Income-Tax-TPO-Transfer-Pricing-Officer-TPO-Remand-Order-Taxscan.jpg "Comparison has to be made between Two Equals: Bombay HC upholds ITAT order directing to Remand Matter to TPO [Read Order]")
Period Prescribed u/s 153(3) of Income Tax Act be Computed from Date of Receipt of ITAT Order: Delhi HC [Read Order]
A Division Bench of the Delhi High Court ruled that the period prescribed under Section 153(3) of the Income Tax Act, 1961 is to be computed from the date of receipt of the order from the Income Tax...
![Period Prescribed u/s 153(3) of Income Tax Act be Computed from Date of Receipt of ITAT Order: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-High-Court-ITAT-Income-tax-Income-tax-news-Receipt-taxscan.jpg "Period Prescribed u/s 153(3) of Income Tax Act be Computed from Date of Receipt of ITAT Order: Delhi HC [Read Order]")
Discount on ESOP Expenses rightly Debited as Expenditure in Books of Account : ITAT deletes Addition [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled in favor of the taxpayer, affirming that the deduction for ESOP ( Employee Stock Ownership Plan ) expenses was rightfully...
![Discount on ESOP Expenses rightly Debited as Expenditure in Books of Account : ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Bangalore-ITAT-Income-Tax-Employee-Stock-Ownership-Plan-Books-of-Account-ESOP-Expenses-Taxscan.jpg "Discount on ESOP Expenses rightly Debited as Expenditure in Books of Account : ITAT deletes Addition [Read Order]")
Ex-gratia Bonus Paid Over And Above Eligible Bonus To Employees allowable As Business Expenditure of Indian Express: Bombay HC [Read Order]
The Bombay High Court recently ruled that ex gratia bonuses provided to employees, exceeding the eligible bonus under the Payment of Bonus Act, qualify as permissible business expenditures. The...
Inadequate Enquiry by AO not grounds for Invoking Revisionary Powers u/s 263 of Income Tax Act: Delhi HC [Read Order]
In a significant case the Delhi High Court held that inadequacy of enquiry by the AO with the certain claims would not in itself be a reason to invoke the powers enshrined in Section 263 of the...
![Inadequate Enquiry by AO not grounds for Invoking Revisionary Powers u/s 263 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Delhi-High-Court-Income-Tax-Inadequate-Enquiry-Assessing-Officer-TAXSCAN.jpg "Inadequate Enquiry by AO not grounds for Invoking Revisionary Powers u/s 263 of Income Tax Act: Delhi HC [Read Order]")