ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Relief to ICICI Bank: ITAT directs to allow Depreciation claimed on Leased Assets continuing from Past Lease Transactions. [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-14.jpg "Relief to ICICI Bank: ITAT directs to allow Depreciation claimed on Leased Assets continuing from Past Lease Transactions. [Read Order]")
Relief to ICICI Bank: ITAT directs to allow Depreciation claimed on Leased Assets continuing from Past Lease Transactions. [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, directed to allow depreciation claims on leased assets continuing from past lease...
![No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-12.jpg "No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]")
![MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/MTM-losses-ICICI-Bank-ITAT-AO-MTM-TAXSCAN.jpg "MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]")
![Addition shall be made in respect of Employees Contribution to PF/ESI which has not been deposited within Stipulated Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Employee-State-Insurance-Provident-Fund-ITAT-PF-ESI-TAXSCAN.jpg "Addition shall be made in respect of Employees Contribution to PF/ESI which has not been deposited within Stipulated Date: ITAT [Read Order]")
Writ Petition against ITAT order not Heard Due to Retirement of Presiding Judge: Supreme Court directs HC to Re Hear [Read Judgement]
The Supreme Court directed the High Court to Rehear the Writ Petition against the order of the Income Tax Appellate Tribunal (ITAT) the presiding judge was retired. It was also pointed out that the...
![Writ Petition against ITAT order not Heard Due to Retirement of Presiding Judge: Supreme Court directs HC to Re Hear [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/12/Writ-Petition-against-ITAT-ITAT-Retirement-of-Presiding-Judge-Supreme-Court-High-Court-High-Court-Rehear-the-Writ-Petition-Writ-Petition-taxscan.jpg "Writ Petition against ITAT order not Heard Due to Retirement of Presiding Judge: Supreme Court directs HC to Re Hear [Read Judgement]")
High Court cannot exercise jurisdiction on Non-Consideration of one or more Grounds by ITAT: Kerala HC [Read Order]
The Kerala High Court has held that the High Court cannot exercise jurisdiction on the Non-Consideration of one or more grounds by the Income Tax Appellate Tribunal(ITAT). Vallapuzha Service...
![High Court cannot exercise jurisdiction on Non-Consideration of one or more Grounds by ITAT: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Kerala-High-Court-ITAT-exercise-jurisdiction-on-Non-Consideration-jurisdiction-High-Court-taxscan.jpg "High Court cannot exercise jurisdiction on Non-Consideration of one or more Grounds by ITAT: Kerala HC [Read Order]")
Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made on the corpus fund and held that the receipt of compensation for hardship is in the nature of capital receipt...
![Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Receipt-of-Compensation-Capital-Receipt-ITAT-deletes-Addition-TAXSCAN.jpg "Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]")
Ex-Parte order passed for Non-Appearance of Assessee: ITAT grants another opportunity giving relief to Oriental Bank [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity while giving relief to Oriental Bank as an ex-parte order was passed for non-appearance of the assessee. ...
![Ex-Parte order passed for Non-Appearance of Assessee: ITAT grants another opportunity giving relief to Oriental Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Oriental-Bank-site-img.jpg "Ex-Parte order passed for Non-Appearance of Assessee: ITAT grants another opportunity giving relief to Oriental Bank [Read Order]")
Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under Section 68 of the Income Tax Act, 1961 made on presumptions and conjectures and also the failure of the...
![Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Failure-of-AO-ITAT-deletes-Addition-Presumptions-and-Conjectures-Income-Tax-Appellate-Tribunal-Assessing-Officer-taxscan.jpg "Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]")
Interest Expenditure claimed under head of Income from House property in Original ITR: ITAT allows deduction u/s 24 of Income Tax Act
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the deduction under Section 24 of the Income Tax Act, 1961 due to interest expenditure claimed under the head of income from house...
