ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Interest paid on Bank Loan not liable to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Interest-paid-Bank-Loan-TDS-ITAT-taxscan.jpg "Interest paid on Bank Loan not liable to TDS: ITAT [Read Order]")
Interest paid on Bank Loan not liable to TDS: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the interest paid on bank loan cannot be liable to Tax Deduction at Source...
![Loan on Interest from Sister Concern to fulfill the enhanced requirement of Working Capital for Export orders does not amount to ‘Deemed Dividend’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Loan-working-capital-export-orders-Deemed-Dividend-ITAT-Taxscan.jpg "Loan on Interest from Sister Concern to fulfill the enhanced requirement of Working Capital for Export orders does not amount to ‘Deemed Dividend’: ITAT [Read Order]")
![Income Tax Exemption can’t be denied to BCCI merely because IPL is structured in more Profitable Manner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Sports-Promotion-Income-Tax-Exemption-BCCI-IPL-ITAT-Taxscan.jpg "Income Tax Exemption can’t be denied to BCCI merely because IPL is structured in more Profitable Manner: ITAT [Read Order]")
![ITAT upholds Additions on account of Unexplained Investment in FDR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/ITAT-unexplained-investment-FDR-Taxscan.jpeg "ITAT upholds Additions on account of Unexplained Investment in FDR [Read Order]")
Guarantee Commission is not a 'Levy' for the purpose of Disallowance u/s 40(a)(iib): ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the guarantee commission, being not in the nature of a “levy”, cannot be disallowed under section 40(a)(iib) of Income...
![Guarantee Commission is not a Levy for the purpose of Disallowance u/s 40(a)(iib): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Guarantee-Commission-IT-Act-ITAT-Taxscan.jpg "Guarantee Commission is not a Levy for the purpose of Disallowance u/s 40(a)(iib): ITAT [Read Order]")
Expenses towards Reclamation and Rehabilitation of Mine Area allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the expenses towards reclamation and rehabilitation of mine area shall be allowable as deduction under 37 of the Income Tax...
![Expenses towards Reclamation and Rehabilitation of Mine Area allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Deduction-ITAT-Expenses-Taxscan.jpg "Expenses towards Reclamation and Rehabilitation of Mine Area allowable as Deduction: ITAT [Read Order]")
Relief to Honda: ITAT directs AO to delete Addition on account of Capitalisation of Royalty Expenses by Holding it to be Revenue in Nature [Read Order]
In a major relief to Honda Motorcycle and Scooter India Pvt. Ltd, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) directed the AO to delete Addition on account of capitalisation of royalty...
![Relief to Honda: ITAT directs AO to delete Addition on account of Capitalisation of Royalty Expenses by Holding it to be Revenue in Nature [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/7f993aba-8c6f-4f47-978e-4cab3563e356.jpg "Relief to Honda: ITAT directs AO to delete Addition on account of Capitalisation of Royalty Expenses by Holding it to be Revenue in Nature [Read Order]")
SCN not specifying Charge under which Penalty is proposed to be levied is void ab initio: ITAT [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) ruled that the show cause notice not specifying the Charge under which penalty is proposed to be levied, is void ab initio. The revenue...
![SCN not specifying Charge under which Penalty is proposed to be levied is void ab initio: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/SCN-penalty-ITAT-Taxscan.jpg "SCN not specifying Charge under which Penalty is proposed to be levied is void ab initio: ITAT [Read Order]")
![Relief to Karur Vysya Bank: ITAT allows Income Tax Deduction on Education Cess [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Karur-Vysya-Bank-ITAT-Education-Cess-Taxscan.jpg "Relief to Karur Vysya Bank: ITAT allows Income Tax Deduction on Education Cess [Read Order]")
Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the rental income received through sub-leasing of the property shall be treated as the business income of the assessee as...
![Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Rental-Income-from-Sub-Lease-Business-Income-Business-of-Assessee-ITAT-Taxscan.jpg "Rental Income from Sub-Lease shall be treated as Business Income since same was Business of Assessee: ITAT [Read Order]")
