ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![ITAT Annual Digest [Part - 27]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Income-Tax-Act-ITAT-taxscan-1.jpg "ITAT Annual Digest [Part - 27]")
ITAT Annual Digest [Part - 27]
This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Assessee’s Delinquency and Lethargy in Pursuing Matter...
![ITAT Annual Digest [Part - 26]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Income-Tax-Act-Income-tax-taxscan-1.jpg "ITAT Annual Digest [Part - 26]")
![ITAT Annual Digest [Part - 25]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Income-Tax-Act-Income-tax-taxscan.jpg "ITAT Annual Digest [Part - 25]")
![ITAT Annual Digest [Part - 24]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Income-Tax-Act-ITAT-Income-tax-taxscan.jpg "ITAT Annual Digest [Part - 24]")
![Failure to establish genuineness of payment made for vacating Encroached Land: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-directs-readjudication-Encroached-Land-ITAT-TAXSCAN.jpg "Failure to establish genuineness of payment made for vacating Encroached Land: ITAT directs Re-adjudication [Read Order]")
![ITAT Annual Digest 2023 [Part 8]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Part-8.jpg "ITAT Annual Digest 2023 [Part 8]")
![ITAT Annual Case Digest 2023 [Part 3]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Case-Digest-2023-Part-3-TAXSCAN.jpg "ITAT Annual Case Digest 2023 [Part 3]")
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 transactions hence granting relief to ICICI Bank. The...
![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]")
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]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while granting relief to ICICI Bank, held that no disallowance shall be made towards the interest cost under section 14A of the Income Tax Act,...
![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]")
No Opportunity of Hearing to Assessee required when Transfer of Income Tax Case is within same City, Locality or Place: ITAT
In a major decision, the Income Tax Appellate Tribunal (ITAT) held that no opportunity of hearing was required to be afforded to assessee when there is a transfer of Income Tax Case at the tribunal...
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]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that mark-to-market losses incurred in the regular course of business by ICICI Bank are allowable as a deduction for computing tax...
![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]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the addition shall be made in respect of the employee’s contribution to Employee State Insurance (ESI) and Provident...
![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]")