ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Supreme Court directs Integration of Technology adopted to streamline, monitor all stages in Govt. Revenue Litigation, to ITAT, CESTAT, Other Tribunals [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/ITAT-CESTAT-Tribunals-Govt-Revenue-Litigation-Supreme-Court-Taxscan.jpeg "Supreme Court directs Integration of Technology adopted to streamline, monitor all stages in Govt. Revenue Litigation, to ITAT, CESTAT, Other Tribunals [Read Order]")
Supreme Court directs Integration of Technology adopted to streamline, monitor all stages in Govt. Revenue Litigation, to ITAT, CESTAT, Other Tribunals [Read Order]
The Supreme Court directed integration of technology adopted to streamline, monitor all stages in government revenue litigation, to ITAT, CESTAT, and...
![No Penalty to be imposed on failure to discharge admitted Self-Assessment Income Tax Liability due to Financial Constraints: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/penalty-self-assessment-Income-Tax-liability-Financial-Constraints-ITAT-Taxscan.jpg "No Penalty to be imposed on failure to discharge admitted Self-Assessment Income Tax Liability due to Financial Constraints: ITAT [Read Order]")
![ITAT restores Original Assessment Order as Revision order u/s 263 is barred by Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/Bombay-High-Court-Faceless-Assessment-Order-draft-assessment-order-personal-hearing-Taxscan.jpg "ITAT restores Original Assessment Order as Revision order u/s 263 is barred by Limitation [Read Order]")
![Royalty from Operator Agreement not chargeable to Income Tax under Indo-US Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Operator-agreement-income-tax-ITAT-Tax-treaty-indo-US-taxscan.jpg "Royalty from Operator Agreement not chargeable to Income Tax under Indo-US Tax Treaty: ITAT [Read Order]")
![No Income Tax Evasion done by Assessee as it is for parties to Settle the Sale consideration for Transfer of respective Shares in Property: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/11/03675436-3c05-4e8a-9941-9848ba993d87.jpg "No Income Tax Evasion done by Assessee as it is for parties to Settle the Sale consideration for Transfer of respective Shares in Property: Delhi HC [Read Judgment]")
ITAT deletes Addition on Account of Investment made from Undisclosed Sources as all Transactions were made through Banking Channels [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition on account of investment made from undisclosed sources as all transactions were made through banking channels. The...
![ITAT deletes Addition on Account of Investment made from Undisclosed Sources as all Transactions were made through Banking Channels [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/ITAT-transactions-investment-undisclosed-sources-Taxscan.jpeg "ITAT deletes Addition on Account of Investment made from Undisclosed Sources as all Transactions were made through Banking Channels [Read Order]")
ITAT accepts Lease Income as ‘Business Income’ as Business Investments were mostly in nature of Properties [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed the AO to accept the lease income as ‘Business income’ as business investments were mostly in the nature of Properties. The...
![ITAT accepts Lease Income as ‘Business Income’ as Business Investments were mostly in nature of Properties [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/ITAT-lease-income-Business-income-business-investments-Taxscan.jpg "ITAT accepts Lease Income as ‘Business Income’ as Business Investments were mostly in nature of Properties [Read Order]")
Mere making of Unsustainable Claim doesn’t amount to Furnishing Inaccurate particulars on Income: ITAT deletes Penalty [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) while deleting the penalty against the assessee ruled that mere making of unsustainable claims does not amount to furnishing inaccurate...
![Mere making of Unsustainable Claim doesn’t amount to Furnishing Inaccurate particulars on Income: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/inaccurate-particulars-Income-ITAT-Penalty-Taxscan.jpg "Mere making of Unsustainable Claim doesn’t amount to Furnishing Inaccurate particulars on Income: ITAT deletes Penalty [Read Order]")
Repayment of Loan shall be allowed as Application of Income If the Cost of Assets purchased out of Loan was not allowed, Rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, while allowing an appeal filed by Dr. Chandrashekar Foundation, held that if the cost of assets acquired out of loan funds have already been...
![Repayment of Loan shall be allowed as Application of Income If the Cost of Assets purchased out of Loan was not allowed, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Repayment-of-Loan-Application-of-Income-Cost-of-Assets-Loan-ITAT-Taxscan.jpg "Repayment of Loan shall be allowed as Application of Income If the Cost of Assets purchased out of Loan was not allowed, Rules ITAT [Read Order]")
Treatment of Non-recovery of Advances to Employees/Vendors as Business Loss: ITAT directs Income Tax Dept to reconsider the Claim [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has directed the income tax department to reconsider the claim of non-recoverable advances to employees and vendors as business loss...
![Treatment of Non-recovery of Advances to Employees/Vendors as Business Loss: ITAT directs Income Tax Dept to reconsider the Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Treatment-of-Non-recovery-Advances-to-Employees-Vendors-as-Business-Loss-ITAT-Income-Tax-Department-Taxscan.jpeg "Treatment of Non-recovery of Advances to Employees/Vendors as Business Loss: ITAT directs Income Tax Dept to reconsider the Claim [Read Order]")
Commission Expenditure can’t be disallowed mere for want of Confirmation Letters from Recipients: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the commission expenditure claimed by the assessee cannot be disallowed for the mere reason that the assessee could not...
![Commission Expenditure can’t be disallowed mere for want of Confirmation Letters from Recipients: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Commission-Expenditure-ITAT-Taxscan.jpg "Commission Expenditure can’t be disallowed mere for want of Confirmation Letters from Recipients: ITAT [Read Order]")