ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Income Tax Addition can’t be made solely on the basis of Statement of Survey without any Corroborative Material: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Addition-Corroborative-Material-ITAT-Penalty-ITAT-Mumbai-Taxscan.jpeg "Income Tax Addition can’t be made solely on the basis of Statement of Survey without any Corroborative Material: ITAT deletes Penalty [Read Order]")
Income Tax Addition can’t be made solely on the basis of Statement of Survey without any Corroborative Material: ITAT deletes Penalty [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while deleting a penalty imposed under section 271(1)(c) of the Income Tax Act, 1961...
![Bonafide Deduction Claim does not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Bonafide-Deduction-Claim-Income-Tax-Penalty-ITAT-Taxscan.jpg "Bonafide Deduction Claim does not attract Income Tax Penalty: ITAT [Read Order]")
![CIT(A) is expected to decide Appeal with reasons determining the points u/s 250(6) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CITA-appeal-Income-Tax-Act-ITAT-Taxscan.jpg "CIT(A) is expected to decide Appeal with reasons determining the points u/s 250(6) of the Income Tax Act: ITAT [Read Order]")
![Excess Payment of Advance Tax ignored while Calculating Interest u/s 234C: ITAT directs AO to Verify Calculation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Excess-Payment-Advance-Tax-ITAT-AO-Taxscan.jpg "Excess Payment of Advance Tax ignored while Calculating Interest u/s 234C: ITAT directs AO to Verify Calculation [Read Order]")
![Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Compensation-Sterilization-Profit-Earning-Source-Capital-Receipt-Liable-to-Tax-ITAT-Taxscan.jpg "Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]")
Amendment in Finance Act, 2021 restricting Employees’ Contribution to ESI and PF after Due Date is Prospective: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the amendment in the Finance Act, 2021 restricting employees’ contribution to ESI and PF after the due date is prospective in...
![Amendment in Finance Act, 2021 restricting Employees’ Contribution to ESI and PF after Due Date is Prospective: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Amendment-in-Finance-Act-Employees-Contribution-ESI-and-PF-ITAT-Taxscan.jpg "Amendment in Finance Act, 2021 restricting Employees’ Contribution to ESI and PF after Due Date is Prospective: ITAT [Read Order]")
Denial of Benefit u/s 10A only because of Form No.56F was not Filed is quite erroneous: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that denial of benefit u/s 10A only because Form No.56F was not filed is quite erroneous. The appellant, revenue filed appeal...
![Denial of Benefit u/s 10A only because of Form No.56F was not Filed is quite erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/WhatsApp-Image-2022-03-11-at-4.03.17-PM.jpeg "Denial of Benefit u/s 10A only because of Form No.56F was not Filed is quite erroneous: ITAT [Read Order]")
High Court’s Appellate Jurisdiction is limited to the fact that Tribunal is the Final Fact-Finding Authority: Delhi HC [Read Order]
The Delhi High Court has dismissed the appeal against the deletion of income tax addition for share or bogus purchases or cash deposits and held that appeal under section 260A of Income Tax Act...
![High Court’s Appellate Jurisdiction is limited to the fact that Tribunal is the Final Fact-Finding Authority: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/High-Courts-Appellate-Jurisdiction-Tribunal-Fact-Finding-Authority-Delhi-HC-Taxscan.jpg "High Court’s Appellate Jurisdiction is limited to the fact that Tribunal is the Final Fact-Finding Authority: Delhi HC [Read Order]")
![Date of Possession shall be considered to allow Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Date-of-Possession-Capital-Gain-Exemption-capital-gain-Exemption-ITAT-Taxscan.jpg "Date of Possession shall be considered to allow Capital Gain Exemption: ITAT [Read Order]")
Interim Relief to TATA AIG: ITAT remands Matter to AO to verify TDS Liability on Co-Insurance Fee paid to Lead Insurer [Read Order]
In an interim relief to TATA AIG, the Income Tax Appellate Tribunal (ITAT), Mumbai bench has remanded the matter to the Assessing Officer to verify the TDS liability on co-insurance fee paid by the...
![Interim Relief to TATA AIG: ITAT remands Matter to AO to verify TDS Liability on Co-Insurance Fee paid to Lead Insurer [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Interim-Relief-TATA-AIG-ITAT-AO-TDS-Liability-TDS-Co-Insurance-Fee-Lead-Insurer-Taxscan.jpg "Interim Relief to TATA AIG: ITAT remands Matter to AO to verify TDS Liability on Co-Insurance Fee paid to Lead Insurer [Read Order]")
Declaration of Income under IDS, 2016 not a Reasonable Cause for Non-filing of Income Tax Return: ITAT upholds Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while upholding a penalty order passed under section 271F of the Income Tax Act, 1961 held that the declaration of income under the Income...
![Declaration of Income under IDS, 2016 not a Reasonable Cause for Non-filing of Income Tax Return: ITAT upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Declaration-of-income-IDS-Income-Tax-Return-ITAT-Penalty-Taxsscan.jpg "Declaration of Income under IDS, 2016 not a Reasonable Cause for Non-filing of Income Tax Return: ITAT upholds Penalty [Read Order]")
Profit Attribution not required since Indian AE is remunerated at Arm's Length Price: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that when the Indian A.E. is remunerated at arm's length price no further profit attribution is required under the provisions of the...
![Profit Attribution not required since Indian AE is remunerated at Arms Length Price: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Profit-Indian-AE-Arms-Length-Price-ITAT-taxscan.jpeg "Profit Attribution not required since Indian AE is remunerated at Arms Length Price: ITAT [Read Order]")