ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Latest Amendment to Sec 36(1)(va) and 43B of Income Tax Act has no Retrospective Effect: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Latest-Amendment-Amendment-S.-361va-43B-of-Income-Tax-Act-Income-tax-act-Retrospective-Effect-ITAT-Deduction-Taxscan.jpg "Latest Amendment to Sec 36(1)(va) and 43B of Income Tax Act has no Retrospective Effect: ITAT allows Deduction [Read Order]")
Latest Amendment to Sec 36(1)(va) and 43B of Income Tax Act has no Retrospective Effect: ITAT allows Deduction [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), while allowing deduction to the assessee, M/s BI Worldwide India Pvt. Ltd, held that...
![ITAT upholds Disallowance due to Non-Payment of TDS on Hire Charges paid for Leasing Equipments [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Disallowance-Non-Payment-TDS-Hire-Charges-Leasing-Equipments-Equipments-Taxscan.jpeg "ITAT upholds Disallowance due to Non-Payment of TDS on Hire Charges paid for Leasing Equipments [Read Order]")
![Rajasthan HC upholds Order granting Section 12AA Exemption to a Charitable Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Rajasthan-HC-Section-12AA-Exemption-Charitable-Trust-taxscan.jpeg "Rajasthan HC upholds Order granting Section 12AA Exemption to a Charitable Trust [Read Order]")
![Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Provisions-Book-Profit-Banking-Companies-ITAT-Taxscan.jpg "Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]")
![ITAT allows Depreciation on Cost of the Assets as Expenditure is allowable [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Depreciation-Expenditure-Income-Tax-Taxscan.jpg "ITAT allows Depreciation on Cost of the Assets as Expenditure is allowable [Read Order]")
No question of Interest bearing Funds diverted by Assessee as amount was converted into Equity Shares, appearing as Opening Balance: ITAT deletes Disallowance [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while deleting the disallowance held that no question of interest bearing funds diverted by assessee as amount was converted into equity...
![No question of Interest bearing Funds diverted by Assessee as amount was converted into Equity Shares, appearing as Opening Balance: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/interest-bearing-funds.jpg "No question of Interest bearing Funds diverted by Assessee as amount was converted into Equity Shares, appearing as Opening Balance: ITAT deletes Disallowance [Read Order]")
![Education Cess allowable as Income Tax Deduction: ITAT grants Relief to LG Soft India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Education-Cess-Deduction-ITAT-Relief-LG-Soft-India-Private-Limited-taxscan.jpeg "Education Cess allowable as Income Tax Deduction: ITAT grants Relief to LG Soft India [Read Order]")
ITAT deletes Addition against 80-Year Old Assessee as Savings to the extent of Rs. 2,50,000 cannot be Doubted [Read Order]
In an assessee-friendly ruling, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition made by the income tax department against an 80-year old assessee on the ground...
![ITAT deletes Addition against 80-Year Old Assessee as Savings to the extent of Rs. 2,50,000 cannot be Doubted [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Taxscan.jpg "ITAT deletes Addition against 80-Year Old Assessee as Savings to the extent of Rs. 2,50,000 cannot be Doubted [Read Order]")
ITAT quashes Penalty Order as it suffered from Vagueness, didn’t provide sound legal basis for Imposition of Penalty [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has quashed the Penalty Order as it suffered from vagueness, and did not provide sound legal basis for imposition of penalty. The assessee,...
![ITAT quashes Penalty Order as it suffered from Vagueness, didn’t provide sound legal basis for Imposition of Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Quashes-Penalty-Order-Penalty-Order-Vagueness-Sound-legal-basis-Imposition-Of-Penalty-Taxscan.jpg "ITAT quashes Penalty Order as it suffered from Vagueness, didn’t provide sound legal basis for Imposition of Penalty [Read Order]")
Transactions in Client Ledger Account are Transactions entered in Ordinary Course of Business: ITAT deletes Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while deleting the addition held that transactions in client ledger accounts are transactions entered in ordinary course of business. The...
![Transactions in Client Ledger Account are Transactions entered in Ordinary Course of Business: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Transactions-Client-Ledger-Account-Ordinary-Course-of-Business-Business-ITAT-Deletes-Addition-Taxscan.jpeg "Transactions in Client Ledger Account are Transactions entered in Ordinary Course of Business: ITAT deletes Addition [Read Order]")
![ITAT upholds Addition as Assessee failed to prove the Genuinity of the Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-assessee-genuinity-transactions-Taxscan.jpg "ITAT upholds Addition as Assessee failed to prove the Genuinity of the Transactions [Read Order]")