ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
Leasehold Interest in Land is Asset of Company and Capable of Valuation: J&K and Ladakh HC [Read Order]
The Jammu and Kashmir and Ladakh High Court ruled that leasehold interest in land is asset of company and capable of valuation. The Assessing...
![Share Premium as Capital Account Transactions for Issuance of Shares not Taxable Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Share-premium-taxation-Capital-account-transactions-Issuance-of-shares-capital-receipts-taxscan.jpg "Share Premium as Capital Account Transactions for Issuance of Shares not Taxable Income: Bombay HC [Read Order]")
![Permitting right to use Brand name/ Trade name under Trademark License Agreement is in nature of Royalty u/s 9(1)(vi) of India Turkey Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-India-Turkey-Tax-Treaty-Income-Tax-TAXSCAN.jpg "Permitting right to use Brand name/ Trade name under Trademark License Agreement is in nature of Royalty u/s 9(1)(vi) of India Turkey Tax Treaty: ITAT [Read Order]")
![Full Value of Consideration or Cost of Investment cannot be Substituted by Fair Market Value Except within Purview of Section 50 C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Income-Tax-Fair-market-value-Fair-market-value-substitution-in-taxation-Tax-news-TAXSCAN.jpg "Full Value of Consideration or Cost of Investment cannot be Substituted by Fair Market Value Except within Purview of Section 50 C of Income Tax Act: ITAT [Read Order]")
Unexplained Cash Deposits during the Demonetization period: ITAT remits matter to AO produce Bills and Vouchers for Purchase and Sale of Gold [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has remitted the matter to the Assessing Officer, directing them to produce bills and vouchers related to the purchase and sale of...
![Unexplained Cash Deposits during the Demonetization period: ITAT remits matter to AO produce Bills and Vouchers for Purchase and Sale of Gold [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Hyderabad-Unexplained-cash-deposits-Demonetization-period-Purchase-and-sale-of-Gold-TAXSCAN.jpg "Unexplained Cash Deposits during the Demonetization period: ITAT remits matter to AO produce Bills and Vouchers for Purchase and Sale of Gold [Read Order]")
No invocation of Section 201(1)/201(1A) of Income Tax Act as assessee cannot be termed “assessee in default” for non-deduction of TDS: ITAT [Read Order]
The Rajkot bench of the Income Tax Appellate Tribunal ( ITAT ) observed that no invocation of Section 201(1)/201(1A) of the Income Tax Act, 1961, as assessee cannot be termed “assessee in...
![No invocation of Section 201(1)/201(1A) of Income Tax Act as assessee cannot be termed “assessee in default” for non-deduction of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Rajkot-Income-Tax-TDS-ITAT-ruling-on-TDS-deduction-TAXSCAN.jpg "No invocation of Section 201(1)/201(1A) of Income Tax Act as assessee cannot be termed “assessee in default” for non-deduction of TDS: ITAT [Read Order]")
Capital Gains arising on Sale of Shares cannot be regarded as Sham Profit: ITAT deletes additions made u/s 69A of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ), while deleting the addition made under Section 69A of the Income Tax Act, 1961 held that capital gain arising on sale of shares could not be...
![Capital Gains arising on Sale of Shares cannot be regarded as Sham Profit: ITAT deletes additions made u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Income-Tax-ITAT-deletes-additions-Capital-Gains-Sale-of-shares-Capital-Gains-arising-on-sale-of-shares-Shares-TAXSCAN.jpg "Capital Gains arising on Sale of Shares cannot be regarded as Sham Profit: ITAT deletes additions made u/s 69A of Income Tax Act [Read Order]")
Deduction u/s 80 P of Income Tax Act does not apply to Interest earned on FDRs from Bank of Baroda: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that deduction under Section 80 P of the Income Tax Act, 1961 does not apply to interest earned on Fixed Deposit Receipts (...
![Deduction u/s 80 P of Income Tax Act does not apply to Interest earned on FDRs from Bank of Baroda: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Income-Tax-ITAT-Ahmedabad-Deduction-Bank-of-Baroda-Fixed-Deposit-Receipts-TAXSCAN.jpg "Deduction u/s 80 P of Income Tax Act does not apply to Interest earned on FDRs from Bank of Baroda: ITAT [Read Order]")
Pure Charity Performance of Activity without Consideration is not Envisioned u/s 2(15) of Income Tax Act as GPU object: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Pure Charity Performance of Activity without Consideration is not envisioned under Section 2(15) of the Income Tax Act,...
![Pure Charity Performance of Activity without Consideration is not Envisioned u/s 2(15) of Income Tax Act as GPU object: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-Charitable-activities-GPU-General-Public-Utility-TAXSCAN.jpg "Pure Charity Performance of Activity without Consideration is not Envisioned u/s 2(15) of Income Tax Act as GPU object: ITAT [Read Order]")
Issue in Calculation of Income Tax Refund: Delhi HC directs to Re Compute Refund Payable [Read Order]
The Delhi High Court directed to recompute the Income Tax refund payable. The period prescribed under Section 153(3) of the Income Tax Act,1961 would thus have to necessarily be computed from the...
![Issue in Calculation of Income Tax Refund: Delhi HC directs to Re Compute Refund Payable [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Delhi-High-Court-Income-Tax-Refund-Income-Tax-taxscan.jpg "Issue in Calculation of Income Tax Refund: Delhi HC directs to Re Compute Refund Payable [Read Order]")