ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![ERNET India eligible to Income Tax Benefits for Charitable Activities, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ERNET-India-Income-Tax-Benefits-Charitable-Activities-Taxscan.jpeg "ERNET India eligible to Income Tax Benefits for Charitable Activities, says ITAT [Read Order]")
ERNET India eligible to Income Tax Benefits for Charitable Activities, says ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has recently granted relief to ERNET India by holding that the organization is eligible for tax...
![CIT cannot direct AO to initiate Penalty while exercising Revisional Jurisdiction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/CIT-AO-Penalty-Revisional-Jurisdiction-ITAT-Taxscan.jpg "CIT cannot direct AO to initiate Penalty while exercising Revisional Jurisdiction: ITAT [Read Order]")
![Inquiries made by AO can’t be held Erroneous on Mere Opinion of CIT(A) asking for further Inquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Inquiries-AO-CITA-ITAT-Taxscan.jpg "Inquiries made by AO can’t be held Erroneous on Mere Opinion of CIT(A) asking for further Inquiry: ITAT [Read Order]")
![ITAT deletes Additions made towards Excise Duty, CST & VAT debited to Profit and Loss Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Delhi-ITAT-additions-excise-duty-CST-VAT-taxscan.jpg "ITAT deletes Additions made towards Excise Duty, CST & VAT debited to Profit and Loss Account [Read Order]")
![Reimbursement of Expenses can’t be treated as Income, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/No-TDS-Reimbursement-of-Expenses-Income-TDS-ITAT-Taxscan.jpg "Reimbursement of Expenses can’t be treated as Income, No TDS: ITAT [Read Order]")
Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has held that the depreciation being statutory allowance cannot be restricted on the basis of personal use. The assessee, Bhagchand Jain is...
![Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Depreciation-statutory-allowance.jpg "Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]")
Relief to Viacom: Transponder Charges are not in the nature of ‘Royalty Income’, rules ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the transponder charges are not in the nature of ‘royalty income’ as per the provisions of the Income Tax Act, 1961. The...
![Relief to Viacom: Transponder Charges are not in the nature of ‘Royalty Income’, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Viacom-ITAT-Transponder-Charges-Royalty-Income-Taxscan.jpg "Relief to Viacom: Transponder Charges are not in the nature of ‘Royalty Income’, rules ITAT [Read Order]")
Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the interest on delay in payment of advancements shall be charged only on the returned income and not on the assessed income. ...
![Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Advance-Tax-Installments-Interest-ITAT-Mumbai-Taxscan.jpg "Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]")
Amount given for Purchasing Shareholding cannot be treated as ‘Deemed Dividend’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the amount given for the purchase of shareholding cannot be treated as a deemed dividend for the purpose of section 2(22)(e) of the...
![Amount given for Purchasing Shareholding cannot be treated as ‘Deemed Dividend’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Amount-Purchasing-Shareholding-Deemed-Dividend-ITAT-Deemed-Dividend-Taxscan.jpg "Amount given for Purchasing Shareholding cannot be treated as ‘Deemed Dividend’: ITAT [Read Order]")
Deduction u/s 54F can be claimed to the extent of amount of Capital Gain utilized till Filing of Income Tax Return: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the deduction under section 54F of the Income Tax Act, 1961 can be claimed to the extent of amount of capital gain utilized till...
![Deduction u/s 54F can be claimed to the extent of amount of Capital Gain utilized till Filing of Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Deduction-us-54F-Capital-Gain-Filing-Income-Tax-Return-ITAT-Incometaxreturnfiling-Taxscan.jpeg "Deduction u/s 54F can be claimed to the extent of amount of Capital Gain utilized till Filing of Income Tax Return: ITAT [Read Order]")
Income from Mutual Fund and Interest from Income Tax Refund is Taxable as 'Other Income': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income from mutual fund and interest received from the income tax refund shall be taxable as “income from other sources” for...
![Income from Mutual Fund and Interest from Income Tax Refund is Taxable as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Income-from-Mutual-Fund-Interest-Income-Tax-Refund-Other-Income-ITAT-Taxscan.jpeg "Income from Mutual Fund and Interest from Income Tax Refund is Taxable as Other Income: ITAT [Read Order]")